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Upstox Demat, Brokerage, Margins, Trading Review 2024

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Upstox is a Mumbai based leading discount stock brokerage firm by RKSV Securities. It is especially known for a flat fee based lowest brokerage Demat account. Upstox provides trading in multiple segments such as Equities, Derivatives, Currencies, and Commodities.

Upstox got backed up by Mr. Ratan Tata, Tiger Global, and GVK Davix. Upstox is a fourth-largest discount online stock broker with 25 lakh+ active clients and Rs 60k Cr+ daily turnover in India.

Upstox offers flat fee brokerage plans of Rs 20/- per trade. These plans are irrespective of trade price or trade quantity in equity intraday, equity futures & options, commodities, and currency derivatives. Upstox also provides Mutual fund services for investment.

Upstox’s trading platform “Upstox Pro” is available in a web-based and mobile app version. This trading platform built on Omnesys NEST Order Management System to place orders through mobile as well as a web browser. It offers powerful chart analysis, quick buy & sell facility and error-free user experience.

Upstox Account Opening Enquiry

Upstox Brokerage Charges

Upstox offers discount brokerage charges as per the investors trading needs.

Upstox Brokerage Plan

Upstox offers brokerage charges of Rs 20/- per trade or 0.05% on total turnover whichever is lower. This plan covers Equity Intraday, Equity F&O, Currency Derivatives, and Commodity. Upstox offers Rs 20 or 2.5% (whichever is lower) brokerage charges for Equity delivery segment.

Upstox Brokerage Charges In Details

Segment

Upstox Brokerage Charges

Equity Intraday

0.05% or Rs 20 per executed order whichever is lower

Equity Delivery

2.5% or Rs 20 per executed order whichever is lower

Equity Futures

0.05% or Rs 20 per executed order whichever is lower

Equity Options

Flat Rs 20 per exceuted order

Currency Futures

0.05% or Rs 20 per executed order whichever is lower

Currency Options

Flat Rs 20 per exceuted order

Commodity Futures

0.05% or Rs 20 per executed order whichever is lower

Commodity Options

Flat Rs 20 per exceuted order

Upstox Exposures & Margins

Upstox provides intraday exposure up to 5 times. If the client has Rs 10000 in his trading account then he can trade up to Rs 50000 in the intraday segment. The company does not provide exposure for overnight positions. With Upstox you can avail up to 5x leverage to place intraday orders on all Nifty 50 stocks.

Segment Wise Exposure Limits

Segment

Intraday

Overnight Positions

MIS

C/O

B/O

NSE Cash

5x

5x

5x

1x

BSE Cash

5x

5x

5x

1x

Equity/Index Futures

2x

2x

2x

1x

Equity/Index Options Buying

1x

1.33

1.33x

1x

Equity/Index Options Writing (Selling)

2x

2x

2x

1x

Currency Futures

2x

2x

2x

1x

Currency Options Buying

1x

1x

1x

1x

Currency Options Writing

2x

1x

1x

1x

MCX Futures

2x

2x

2x

1x

MCX Options

1x

1x

1x

1x

Upstox Account Opening Details.

Upstox provides instant account opening with an online process. The offline account opening process is also available with Upstox. 

Follow the steps to open an account with Upstox.

  • Visit Upstox website here
  • Fill in your email id and mobile number.
  • Verify mobile number with OTP
  • Fill in Pan number and date of birth.
  • Verify with C-KYC (Central KYC)
  • Fill in your personal details.
  • Select segments in which you want to trade
  • Fill in your bank details.
  • Upload specimen signature and income proof
  • Connect Digilocker with Upstox
  • Pull documents into your Digilocker.
  • Upload your photograph and share your location
  • Verify email id with OTP
  • Pay account opening charges (if applicable)
  • Complete account opening process using E-Sign with OTP

Mandatory documents for account opening

  • Pan Card
  • Aadhar Card
  • Canceled Cheque
  • Passport Size Photograph
  • Latest six months Bank Statement

All documents should be self-attested.

Mobile number should be linked with Aadhar Card.

After completion of the account opening process, it takes 24 to 48 hours to open an account.

For offline account opening, you need to send a physical form to the Upstox office.

Read the Upstox account opening process

Upstox Trading Platforms

Upstox provide Pro web and Pro mobile for trading. These trading platforms are unique selling products of Upstox.

Upstox Pro Web Features

  1. Browser-based trading platform
  2. Powerful charts and tools to analyze markets to make decisions
  3. 100+ technical indicators to study the market 
  4. Simple to place cover orders (C/O) and bracket orders (B/O) 
  5. One-click trade facility to buy and sell in high volatile markets
  6. Personalization of platform with the widget feature

Upstox Pro Features

  1. Supports NSE, BSE, and MCX
  2. Available for both android and iPhone mobile users
  3. Charts with multiple intervals, types, and drawing styles
  4. Trade directly from charts
  5. Can create unlimited numbers of customized watchlists and price alerts

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5 thoughts on “Upstox Review”

  1. I’m using upstox since 3 months and it very good in terms of use
    application is at par and this broker provides lowest brokerage in industry

    Reply
  2. I like upstox pro a lot for error free trading. Also saved lot on brokerage
    I will give 4.5 star rating to upstox

    Reply

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