Upstox

  “The secret to investing is to figure out the value of something – and then pay a lot less.” 

Upstox (earlier known as RKSV Securities) is a discount broker, good for traders who look for low brokerages, high margins, and decent trading platforms.

It offers fix brokerage of Rs. 20 per trade irrespective of the trading volume. You can save huge money on brokerage charges if you trade high volumes regularly.

Upstox is a member of BSE, NSE, MCX, and MCX-SX and allows you to trade-in:

  • Equity
  • Futures
  • Options
  • Currency
  • Commodity

Upstox Brokerage Charges

Upstox offers 0% brokerage on stock delivery and a flat Rs. 20 per trade.

Detailed Upstox Charges

TypeBrokerage
Equity DeliveryRs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.01%
Equity FuturesLower of Rs. 20 per executed order or 0.01%
Equity OptionsRs. 20 per executed order
Currency Futures & OptionsLower of Rs. 20 per executed order or 0.01%
Commodity F&OLower of Rs. 20 per executed order or 0.01%

Call & trade service is also available at Rs. 20 per order.

Upstox Annual Charges

Details of upstox account opening charges & annual charges

  • Upstox Equity Demat and Trading – Rs. 300 (includes first year AMC)
  • Upstox Commodity Trading Account– Rs. 150
  • Upstox Annual Maintenance Charges – Rs. 150

Can we get the Waiver of Upstox Account Opening Charges

Upstox charges a minimal annual fee which is worth to pay if we consider the services provided.

However, right now you can get your Upstox account free of cost by registering through my link.

Additional Upstox Products & Amazing Features

1. Upstox Priority Pack

Upstox priority pack is specially designed for Intraday traders who look for higher leverages. You will get a 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 7X leverage on index futures using CO/OCO/BO
  • No exposure margin levied on Index Futures and Options giving you up to 6X leverage
  • 20X Intraday leverage on cash (normally 15X 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 the priority pack.

Upstox Margin / Upstox Leverage/ Exposure

Margin Intraday

SegmentBasicPriority Pack
NSE/BSE Cash15X20X
Index Futures3X4X
Stock Futures3X3X
Index Option Sell3X4X
Stock Option Sell3X3X
NSE Currency4X4X
MCX Future2.5X3X

Margin OC/OCO orders

SegmentBasicPriority Pack
NSE/BSE Cash20X25X
Index Futures3X4X
Stock Futures3X3X
Index Option Sell3X4X
Stock Option Sell4X5X
NSE Currency3X4X
MCX Future1.33X2X

What I Like

  • There are no brokerage charges for delivery orders, however, taxes are always applicable.
  • The trading platform is really good and stable, I hardly have faced any problems.
  • Fix & low brokerage irrespective of trade volume, yes its a plus.

What I Didn’t Like

  • You cannot make the investment to IPO and FPO, wish this feature was there.
  • Their backend is horrible and outdated, there are Keystone and Backoffice. It needs to get a good interface upgrade for ease of use.

Upstox Trading Platforms Review

#1. Upstox Pro Web 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

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

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

My Experience with Account Opening Process

The account opening process of Upstox is very fast when compared to other discount brokers. The whole account opening process is online and if you choose to it can be offline too.

You can quickly open Upstox Demat and Trading Account with the help of Aadhaar Card and PAN Card.

You just have to keep following documents handy to fast track your application.

Documents Required

  • Aadhaar Card
  • PAN Card
  • Canceled Cheque
  • Photo of Your Signature
  • Latest Bank Statement with IFSC/MICR Code (This can be downloaded from your online bank net banking portal)

You can start trading immediately without signing any documents. Upstox may take up to 48 hours to generate your trading login password (post completion of the application), but I got my password the very next day.

You only need to Sign PoA (Power of Attorney) document and courier to Upstox if you want to sell and transfer Mutual Funds & Shares through them.

Best For (Final Review on Upstox)

If you are looking for easy and advance trading platforms you should go with Upstox.

Start Account Opening with Upstox

You would also get low brokerage charges and high margins which are key points for trading.

You can go by these people.