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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 21 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 offers a free brokerage plan for equity delivery. 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 offers discount brokerage charges as per the investors trading needs.
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.
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 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 NSE 500 stocks.
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 provides instant account opening with an online process. The offline account opening process is also available with Upstox.
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 provide Pro web and Pro mobile for trading. These trading platforms are unique selling products of Upstox.
5 thoughts on “Upstox Review”
Very well written 🙂
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
VERY EASY TO USE AND AWESOME TRADING EXPERIENCE.THANX UPSTOX
I like upstox pro a lot for error free trading. Also saved lot on brokerage
I will give 4.5 star rating to upstox
Great trading experience with Upstox Pro….