Upstox Review: Upstox (earlier known as RKSV Securities) is top discount broker in India, good for traders who look for low brokerages, high margins, and decent trading platforms.
Uptosx (RKSV) is best for you if you want to save your money on brokerage. Upstox charge fix brokerage of only Rs. 20 per trade irrespective of the trading volume.
Upstox Demat & Trading Account Review 2022
Is Upstox Safe & Good
Uptstox (RKSV) is funded by Ratan Tata, Kalaari Capital and GVK Davix which makes Upstox a safe and reliable stockbroker for your investment.
Upstox is one of the best discount brokers in India, especially for the traders. One side the Upstox provides the fastest trading platforms which are the main need to book the high profits in day trading.
On the other side, you only need to pay only a flat Rs 20 per trade irrespective of your trade volume.
Recently Upstox crossed the 10 lakh user base mark and become the second biggest discount broker in India.
What makes Upstox a Best Choice
- Special offers like brokerage credit
- Flat Rs 20 per trade for intraday
- Zero brokerage on Delivery
- Provide advanced technology trading platforms
Save upto 90% on brokerage charges with upstox
You can save huge money on your brokerage as compared to the other service providers
Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side)
Comparison of Upstox trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling)
10,00,000 * 12 months * 0.55% = Rs. 66,000
Comparison of Upstox trading brokerage with Sharekhan that charges 0.10 % (0.2% total on buying and selling)
10,00,000 * 12 months * 0.2% = Rs. 24,000
Trading Brokerage with Upstox that Charges Rs. 20 per Trade
20 trades per month * 12 months * 20 Rs. brokerage = Rs. 4,800 only. (Saving of upto 90% on brokerage)
Upstox Annual Charges
Details of upstox account opening charges & annual charges
Upstox Demat and Trading account opening – Rs 299
Upstox maintenance charge – Rs. 25 per month
Upstox Brokerage Charges
Upstox offers 0% brokerage on stock delivery and a flat Rs. 20 per trade.
Detailed Upstox Charges
| Type | Brokerage |
| Equity Delivery | Rs. 0 |
| Equity Intraday | Lower of Rs. 20 per executed order or 0.05% |
| Equity Futures | Lower of Rs. 20 per executed order or 0.05% |
| Equity Options | Rs. 20 per executed order |
| Currency Futures & Options | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
| Commodity F&O | Futures – Lower of Rs. 20 per executed order or 0.05% Options – Rs. 20 per executed order |
Call & trade service is also available at Rs. 20 per order.
Upstox 3 in 1 Account Review
Upstox offers 3-in-1account (demat, trading & saving account) in collaboration with Indusind bank. The savings account is a zero balance account and you will earn interest on the funds allocated from your saving a/c for trade.
You will also earn up to 6X rewards points per 200 rupees spent on all your debit card transactions. You can use the rewards towards brokerage charges.
Benefits of IndusStox (Upstox 3-in1 Account)
- Brokerage credit of worth Rs 1000.
- No minimum balance required
- You will earn interest on funds allocated from your Savings a/c for trade
- Customizable account number (birthday or anniversary)
- Zero brokerage on delivery
- The fixed brokerage of ₹20 per intraday trade
Upstox 3-in-1 account charges
You wouldn’t need to pay any extra charges for Upstox 3-in-1 account. You can direclty 3-in-1 account if you apply through my special link.
Additional Upstox Products
1. Upstox Priority Pack Plan Review
Upstox priority pack is specially designed for Intraday traders who look for higher leverages. You will get higher trading margin as compared to the basic plan.
Abbreviations Used
- CO – Closing Offset
- OCO – One Cancels the other Order
- BO – Bracket Order
- F&O – Future and Options
- CDS – Credit Default Swap
Benefits of Upstox Priority Pack
- 2X Intraday leverage on option buy with CO/OCO/BO
- Up to 28X leverage on index futures using CO/OCO/BO
- 6X leverage on stock futures
- 27X Intraday leverage on cash (normally 20X on basic plan)
You can enable priority pack at Rs. 999/month for trading in equities, F&O and CDS. For commodities, you have to pay Rs. 499/month.
The brokerage charges for Upstox priority pack is Rs. 30 per trade.
If you need high margins to trade on a regular basis, then you should definitely go with priority pack.
Difference Between Upstox Basic Vs Priority
Upstox priority plan is for experienced traders who need higher margin as compared to Upstox basic plan.
You can open also Upstox priority plan, but only if you required higher margin. Because the charges for priority plan are higher as compare to upstox basic plan.
Upstox Priority Vs Basic Charges
| | Upstox Priority | Upstox Basic |
| Brokerage | Rs 30 per trade | Rs 20 per trade |
| Additional charges for Equity, FO and Currency | Rs 999/month | 0 |
| Additional charges for commodity | Rs 499/month | 0 |
You will get higher margin for paying extra charges. Let’s compare the margin for upstox basic plan and priority plan.
Upstox Margin (Priority vs Basic)
Margin Intraday
| Segment | Basic | Priority Pack |
| NSE/BSE Cash | 15X | 20X |
| Index Futures | 3X | 6X |
| Stock Futures | 3X | 3X |
| Index Option Sell | 3X | 6X |
| Stock Option Sell | 3X | 3X |
| NSE Currency | 4X | 4X |
| MCX Future | 2.5X | 3X |
Margin OC/OCO orders
| Segment | Basic | Priority Pack |
| NSE/BSE Cash | 20X | 27X |
| Index Futures | 20X | 28X |
| Stock Futures | 5X | 6X |
| NSE Option Buy | 1.33X | 2X |
| Index Option Sell | 3X | 4X |
| Stock Option Sell | 3X | 3X |
| NSE Currency | 4X | 5X |
| MCX Future | 3X | 4X |
RKSV (Upstox) Demat & Trading Account Features
#1. Low Brokerage Charges
RKSV charges a flat Rs. 20 brokerage charges under the “Basic” plan. The low brokerage is helpful to trade large volumes in a cost-effective manner.
New traders who want to experiment with stock intraday trading and are on a budget will benefit a lot from the flat charges.
Whereas, intermediate traders with 6+ months of experience who can handle higher leverages can go with the “Priority” plan.
You need to pay Rs. 30 under the plan which is higher but still cheaper than the 0.50% brokerage charged by the full-service brokers like Sharekhan, Motilal Oswal, ICICI Direct and HDFC Securities.
#2. Decent Trading Margins
Margins help you trade multiple times of the money available with you. For example, if you have only Rs. 5000 in your trading account but enjoy 10X leverage then you can open an intraday position worth Rs. 5000 X 10x leverage = Rs. 50,000.
RKSV offers a 15x margin on intraday equity trading under the “Basic” plan and slightly higher leverage of 20x under the “Priority” plan.
The 15X margin is adequate for a new trader. In a sense, he is protected from the risk of losses by entering trades with high (50X) leverage.
#3. Low Account Opening and Annual Charges
Upstox charge Rs 299 for account opening. Currently Upstox is giving a limited time offer of Rs 1000 brokerage credit on account opening.
You will be charged Rs. 25 per month as maintenance charges. Special link to Grab Upstox Offer
What I Like
- No brokerage charges for delivery
- Great trading platforms
- Fix & low brokerage irrespective of trade volume
What I Didn’t Like
- You cannot make the investment to IPO and FPO
Upstox Trading Platforms Review
#1. Upstox Pro Web Review Review
Upstox Pro web is a browser-based trading platform that comes with advanced features like API integration, algo trading, charts and technical indicators.
The features help you to perform in-depth analysis and market understanding.
Pro web uses socket technology that allows access to real-time market data at a faster speed. You also get drag and drop facility to drag a particular script and drop on the chart screen to see the script in chart form instantly.
#2. Upstox NEST Trader Desktop Review
NEST trader is an advanced trading desktop software which helps you monitor markets, place orders and buy & sell shares in real time.
You can install the application on a desktop or a laptop.
Features of NEST Trader
- Customizable interface
- Low latency and enterprise-level
You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.
You can install Upstox Pro mobile trading platform to both Android and iOS versions.
- stability
- Multi-monitor support
- Advanced Charting
#3. Upstox Pro Mobile App Review
You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.
You can install Upstox Pro mobile trading platform to both Android and iOS versions.
How to Open the Account with Upstox
RKSV offers you the option to open a Demat and trading account through online or offline methods.
In the online method, you need to have an Aadhaar Card and the linked mobile number to authenticate the application form. In case you do not have a mobile linked Aadhaar card then you can go for an offline account opening method.
In both cases you will need the following set of documents.
- PAN Card
- Aadhaar Card
- Specimen Signature
- Photographs
- Income proof (if you wish to trade in derivatives)
#1. Sign Up on RKSV (Upstox) Home Page
Click here to visit the direct account opening page.
Click “Open Demat Account” button opens into a new window where you need to sign up for opening an online demat and trading account.
#2. Verify Your Mobile With OTP and Start Application
You need to provide your email address and mobile number. An OTP will be sent to your official mobile number to authenticate the mobile number.
Once authenticated, you can move to the next stage of the application process and provide the PAN number along with the date of birth, as shown above.
#3. Provide Personal Details
Next, you need to provide your personal information like marital status, yearly income and trading experience by clicking on the given options.
The process is fast because you are required to select one of the options provided rather than filling all the details.
Before you proceed ahead to read the taxpayer declaration and check on the declaration box. Click on the “Next” tab to proceed ahead with the application process.
#4. Select Your Trading Preferences
RKSV gives you the option to select the segment in which you want to trade. You can go for all the segments or either set one from the following.
- First Set – Equity, Equity F&O and Currency F&O
- Second Set – Commodity Trading
If you are new to stock market investing then you can go for the first set only.
Next, you also have the option to choose the brokerage plans. By default, the system selects the “Priority” brokerage plan. Which needs to be changed in case you want to go for the “Basic” brokerage plan.
The Basic Plan with Rs. 20 brokerage and 15x intraday margin are better suited for a new trader. Whereas, the Priority Plan is best for experienced traders who require higher (20x) leverage. The brokerage charges (Rs. 30 per trade) are also higher under the Priority Plan.
#5. Provide Bank Details
After selecting the plan, you need to provide your bank details like account number and the IFSC code of the bank branch.
Make sure that you are not adding a payment bank because RKSV does not open a trading account linked with payment banks like Paytm.
The bank details are required to link your trading account so that you can transfer funds online to your trading account. RKSV Securities does not share your bank account details and all transactions are encrypted for maximum security.
#6. Authenticate Application Using Aadhaar
Next, you will need to authenticate the online application using the OTP received on the linked mobile number.
In case, if you do not have an Aadhaar Card linked to your mobile number then you can use the offline demat application method.
#7. Upload the KYC Documents
Finally, you will be required to upload a copy of all the KYC documents along with the image of your signature and photographs.
This completes your application and the trading account will be opened in 24 to 48 hours time. RKSV will provide you with the trading account login ID and the password.
FAQs
Ques 1 – What is Upstox?
Upstox is a discount brokerage company in India funded by Ratan Tata, Kalaari Capital and GVK Davix. In 2016, RKSV Securities changed to Upstox with a vission to provide an intuitive trading software at a great price.
Ques 2- what is Upstox app?
Upstox pro is a lightweight mobile trading app built for traders. You can do trading in stocks, derivatives, currencies, and commodities across NSE, BSE, and MCX exchanges through Upstox app.
Upstox app can be installed to both Android and iOS versions.
Ques 3 – what is co and oco in upstox?
Cover Order (CO) – A order in which a stop loss is placed simultaneously with the original buy/sell order.
One Cancel Other (OCO)- OCO is same as back order in which a price bracket is placed os target profit order and stop-loss simultaneously with the original buy/sell order.
Best For (Final Review on Upstox)
If you are looking for easy and advance trading platforms you should go with Upstox.
You would also get low brokerage charges and high margins which are key points for trading.
Upstox (RKSV) offers advanced, fast and stable web, desktop and mobile trading applications loaded with 100 plus indicators and charting tools. The trading platform is apt for intraday trading professionals and beginners.
No proper service by Upstock team. I have applied for a star health IPO and since the allotment was not successful and IPO mandate was revoked. But till now I have not received the refund. Multiple communication made to upstock , star health and to my bank. No one is able to track the amount. I feel that there is some technical issues with upstock and they are not responding to their customer with proper answer.
i am tamil nadu i was unfortunately open online this upstox demat account monthly charges RS.88.50 only paid. no used for me. last one week i was close the account but still monthly generating bill ( RS.88.50/- ) but not close in my upstox demat account i was mail but still not response.
please don’t open this demat account its my opinion
You can contact the Upstox support team on Twitter as well.
Best app but only one thing I feel that’s calculator . Which is very necessary for trader . Requested to full fell trader demond then app and brocker is out standing.
Totally disappointed with the new app..and the customer care too worst…no one knows nothing about the app…totally disappointed…thinking of changing from upstox to zeroda…don’t think customers are fool…I don’t want to recommend to any one about upstox..
Zerodha provides better customer support as compared to all other discount brokers.
YOU ARE 100% CORRECT. THE NEW UPSTOX APP IS COMPLICATED AND NOT USER FRIENDLY. I HAVE INCURRED AROUND RS 7000.00 LOSS BECAUSE OF THE NEW APPS. EVEN I HAVE FOUND THAT IT DO NOT SHOW THE ENTIRE INTRADAY POSITION UNDER THE UPSTOX PRO.NEEDS LOTS OF IMPROVEMENT.
This is fake and useless I didn’t get user I’d and password while fee has been deducted
Contact Upstox customer support team.
Upstox is useless platform plz don’t open demat account in upstox useless customer care team whatever amount we are withdrawing the amount not getting credited this is second time amount i am facing this issue after lot of follow-up i am not get my fund back
Zerodha has better customer support than Upstox. Did you try to connect them via twitter?
UPSTOX IS THE WORST BROKER. ME AND MY FRIENDS ARE REALLY FED UP OF THE SERVICE. THE BASIC SELLING OF SHARES IS NOT POSSIBLE MOST OF THE DAYS. EVEN AFTER CONTACTING THE CUSTOMER SERVICE, THEY WILL KEEP ON CHANGING THE EXECUTIVES AND NOONE KNOWS THE RESOLUTION. TO EACH CUSTOMER SERVICE WE NEED TO EXPLAIN THE PROBLEM AGAIN AND AGAIN AND ITS A TOTAL WASTE OF TIME AS THEY WILL NOT GIVE ANY RESOLUTION. DEFINITELY ANY OTHER PLATFORM IS MUCH BETTER THAN UPSTOX.
Customer services at Upstox can be an issue at times. You can try their Twitter or Facebook platform for problem resolution. Or can check Zerodha if it suits your trading needs.
Hi friend plz don’t open demat account in upstox its totally useless platform if you have any issue related to withdrawal or fund Then customer care team is just give excuses they are not helping customers .
I made the request of withdrawal before 2month but till now that amount has not credited in my account after lot of follow up i stopped calling customer care.
All the customer care team member are on different page for one issue they all are giving different suggestion & advice and end of the your issue will not rectified
BEFOR 2 DAY I MADE A WITHDRAWL REQUEST EVEN THAT AMOUNT HAS NOT
CREDITED IN MY ACCOUNT SO AGIAN I AM FOLLOW UPING CUSTOMER CARE
BUT THEY R TELLING ME SAME STORY AMOUNT HAS BEEN DEBITED FROM MY DEMAT ACCUONT
APART FORM THIS ITS WAST OF TIME DOING INTRADY IN UPSTOX
PLZ GO FOR ZERODHA , ANT OR ANY OTHER BROKER
Zerodha has better customer support than Upstox. Did you try to connect Upstox team via twitter?
Upstox is no longer free, now we have to pay money for demat account, maybe it big issue, people like me.
Upstox keeps changing his offer every 15 days.
Sorry very bad experience from upstox & its supports team.
also not releasing the Fund of selling BTST holdings in same day.
very bad experience.
UPSTOX A WORST BROKER.
I QUIT OUT OFF UPSTOX AND NOW USING ZERODHA, MY PROFIT DRASTICALLY INCREASED.
UPSTOX SQUARE OFF TIME IS 3 PM. BUT ZERODHA 3.20
MY STOP LOSS IS ALWAYS HUNTED BY UPSTOX
Upstox will not provide opportunity to make money through CO order.They do not have any fix schedule to block CO order.CO order is blocked from 1st February.Budget week was chance to make money but they spoil our plan by blocking such order.They even do not care to reply ticket raised for the same.
The Cover Orders (CO) can be blocked by your stock broker depending on the liquidity & volatility in a particular asset (shares, F&O) or the market as a whole.
This is to contain risk during extreme price movements and protect small trader’s interest at large.
All may not be in a position to handle volatility and hence the CO/BO products get blocked by the stockbrokers even at the first hint/chances of volatility. Be it budget or any known event like interest rate decision.
let me know process of company registered in your side.
1) Register process?
2) what documents require?
3) How many days company account will open.
I have mentioned the documents & account opening process in the article.
The account opening usually takes up to 48 hours after completing documentation.
Whenever High Volatility like today app wont work. those who stuck they will be punished. i.e., small traders. You should have experienced in the past & should have upgraded your servers to avoid this kind of situations. The End result will be moving from Upstox to other trading platforms which is stable in this kind of situations
Discount brokers still need to work on the downtime to compete with the full-service brokers.
During peak trading day, you can get the downtime with any discount broker.
Thanks for the review Pradeep. Appreciate the efforts you have taken to compile all this information. I already have one account with Zerodha for long term and was looking a platform for short term. It seems going with uostox will be a good decision now.
Upstox is not tat much satisfied broker. User platform is legging and some time some days chart line is disappearing. The order is not executing. This broker looks like scame. Or manipulating order……
I had placed cover order. at buy position.. it has places sell order and exist sell order…. how…. Useless like……
if you call to customer care the pick after an hours. of The will not give you satisfied solution.
I think they are improving on their services. Discount brokers have issues because they are new in the market and evolving their platforms & services.
Please provide correct information. Upstox priority pack is free to subscribe. There is no monthly charges as you have shown.
Upstox keep on changing their offers every month. I update the information twice a month on Upstox Review Page
dear team very sad no response from your customer care services they are reject the call and they are messaging to whatsapp why u are Calld me , what is this??? i am your customer. very sad team ….i know you are india best share broker but why……….
sorry if you feel sad .
Zerodha has better customer support than Upstox. Did you try to connect them via twitter?
One of the worst customer care 1 had opened ac 1 month back they charged me for 3 in 1 they had raised the ticket two times almost 15 days but no reply
dear sir
i want to my some share transfer from karvy stock broking limited to upstox, how to transfer my share in upstrox. demate a/c .
You will need to take DIS from Karvy and submit to them to transfer shares to Upstox
This is the worst app for trading. everyday there is issue in login.
always their server in unavailable for login.
Hello Sir, In Upstox can I invest in Zoom application?
No, Zoom is listed in the US.
What is the minimum amount to buy a shares or invest in upstox?
There’s no such limit.
To buy no minimum and maximum criteria but to invest you shoud have atleast rs100.
What is the minimum amount to buy shares or invest in upstox?
There’s no limit as such..
I opened account with Upstox about 2 month back.I have Power of Attonary form filled up twice.sent 5 to 6 signature on a piece of paper.Courier the required documents twice but issue did not resolve yet leading to difficulty in trading.Raised ticket 3 times,approached customer care twice but no one is listening to our problem.Support Rep of no help.
Tried to connect with Upstox team on Twitter
Upstox is useless for Intraday traders. It doesn’t provide the intraday trading facility for all the scrips. They release a daily list of stock in which you can do intraday, CO or OCO order and it is a very limited list. Their customer care is clueless.
If you try to place an OCO, CO or Intraday order it will show error “Your buy order for xx shares was rejected because RMS:Blocked for bse_cm BO block type: ALL” or intraday, co, oco order cant be placed for this scrip you can place delivery order instead.
Hi,
I hold a Savings account in Kotak.
I want to open a Demat and Trading Account.
With whom shall I open the account? Kotak or Zerodha or Upstox or any other?
Please suggest any 1 best among all in the market in terms of safety, convenience, brokerage, and other charges if any.
Your guidance is much appreciated.
Regards,
Jyoti
Kotak is surely not recommended.
Upstox and Zerodha are almost equivalent.. but I find Upstox easy to use. Brokerage is also same.
Upstox has waived off account opening charges if you start your application process here.
How safe it upstox and if we want to stop investing in upstox and remove account what is the process?
Ambika.. Upstox is as safe as other discount brokers.. contact their customer care for account closure.
Hi , I m new in investing, I’m actually more into long-term investing, . So in that case does upstoks will be a good option for me. I may not buy lot of shares at a time. More like adding small shares every month . Pls help me
Yes Jiss, you can go ahead with upstox. You would like their service.
what are the difference between upstox and zerodha
Both are good. Upstox is easy to use and Zerodha provides multiple platforms and better customer support. I am going to write a comparison on both soon.
Can you please clarify what we can and cannot do if we don’t wish to provide PoA to Upstox?
Hey Sylver,
Upstox purchases or sells at your behalf once you do any activity on their platform. If you don’t provide POA, you can’t use their platform to do any buy/sell activity.
I have open dedmat account through up stox but I have not recieved my account number.
Naresh,
Contact their customer care immediately. their email- support@upstox.com
WHY WE CAN NOT APPLY FOR IPO IN UPSTOCKS? IS IT LIKE ZERODHA? WE CAN NOT DIRECTLY APPLY FOR IPO IN ZERODHA BUT THREW BANK NETBANKING, SO THIS WAY APPLICABLE FOR UPSTOCKS OR NOT?
Yes you can apply for IPO through netbanking
cool
Thanks.
Does upstox provide real time data feed as the trading platfrm is taken from Reliable which offers real time charts.
So do upstox shows real time charts.
Is it similar to MT4 Trading platform which shows real time charts.
Yes.. As per Upstox does it in the real-time.
Thanks for sharing such an valuable information. This is really helpful.
.
Thanks.
How do you compare upstoc with Zerodha?
You can read this – https://staging.cashoverflow.in/zerodha-review/
You are promoting demat accounts for trading purpose on the other you said that trading is a game of losing money. Demat account review matters only for traders not for investors as most of the brokers don’t charge in case of delivery.
Its conflict between your advice and your promotional offers.
You should carefully listen to my advice.
Both trading and long term investing are good.. it works only for people who do it right.
Listen to this interview – https://www.youtube.com/watch?v=95eN3w4x7bw
The problem is people don’t know what they are doing.
PS: I am a long term investor and not into trading because I have not learned trading. Some people are making fortune out of trading only.