UPSTOX REVIEW
Overview
Upstox is a tech-first low-cost broker giving you trading opportunities at unbeatable prices. The company provides trading on various sectors like equities, commodities, currency, and futures which are available on its Upstox Pro Web and Upstox Pro Mobile Trading platforms.
Upstox Review is supported by a group of backers including Kalaari Capital, Ratan Tata and GVK Davix. Upstox offers trading, analysis, and charting services. It’s easy to place orders through mobile phones and browsers with this platform.
Upstox is built on Omnisys’ Order Management System (Omnisys NEST OMS) as well as its Risk Management System (Omnisys NEST RMS). Trading in Equity F&O, Equity Intraday Contracts, Commodities & Currency Derivatives are available through the paid service of Upstox Pro.
How To Open A Demat Account With Upstox
The right broker is important before you start the process of opening a Demat account. Various factors such as brokerage charges, trading platforms, customer service, and user interface might determine your selection for a broker.
A Demat account is a must if you are looking forward to buying and selling various securities such as mutual funds, shares, etc. online. It offers cheap yet fast trading for all the needs of its user base.
The Upstox brokerage house usually offers online opening of Demat accounts. This can be done at any time, at your convenience.
Upstox Online Demat Account Opening Procedure
Before you start your Demat account opening process, make sure to choose the right broker.
You can choose a broker based on the different facets, including- user interface, brokerage charges, customer services, and trading platforms.
Opening an online Demat account can lead to a paperless and Aadhar based Demat account. To open one, follow these steps:
- Fill out basic details such as your name, city, and phone number. Once you are done, click the submit button.
- To use this process, you will need to have all the mandatory documents (including a copy of your Aadhaar card, address proof, age proof, and PAN card) in digital format on hand.
- Submit your Aadhaar details accurately, then enter the OTP you receive to verify your identity successfully.
- After that, you will be able to use your Demat account without any difficulties and receive the upstox login web details.
Once the company verifies and processes your submitted documents, you will be assigned an account number called UCC (Unique Client Code) code or BOID (Beneficial Order Identification Number).
The company will also provide you with your account logins information like a username, password, and key to using online trading portals.
Upstox Charges
- Upstox Account Opening Charges Rs 249
- Demat Account AMC: Rs 0 (Free)
- Upstox Equity Delivery & Intraday Charges
Up stox is an equity delivery brokerage that charges Rs. 20 or 0.1% whichever is lower per order and Rs. 20 per executed order which equates to 0.05%.
UPSTOX CHARGES | EQUITY DELIVERY | EQUITY INTRADAY |
Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | Rs 20 per executed order or 0.05% (whichever is lower) |
STT | 0.1% on both Buy and Sell | 0.025% on the sell-side |
Transaction Charges | Rs 325/Crore | Rs 325/crore |
Demat Transaction Charges | Rs 18.5 per scrip (Only on sell) | Rs 0 |
GST | 18% (On brokerage + Transaction Charges) | 18% (On brokerage + Transaction charges |
SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/crore) |
Stamp Duty | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Equity F&O Charges
The brokerage fee for Upstox’s Equity F&O is Rs 20 per order or 0.05% (whichever is lower).
UPSTOX CHARGES | EQUITY FUTURES | EQUITY OPTIONS |
Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
STT | 0.1% (On sell-side) | 0.1% (On sell-side) |
Transaction Charges | Rs 210/Crore | Rs 5500/crore on a premium turnover |
Demat Transaction Charges | Rs 0 | Rs 0 |
GST | 18% (On brokerage + Transaction charges) | 18% (On brokerage +Transaction charges) |
SEBI Charges | 0.0001% (Rs 10/crore) | 0.0001% (Rs 10/crore) |
Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300per crore) on buy-side |
Upstox Currency Charges
Upstox offers a Rs 20 per order brokerage fee or 0.05% of the executed transaction amount, whichever is lower.
UPSTOX CHARGES | CURRENCY FUTURES | CURRENCY OPTIONS |
Brokerage | Rs 20 per executed order or 0.5% (whichever is lower) | Flat Rs 20 per executed order |
STT | No STT | NO STT |
Transaction Charges | NSE: 0.00013% |BSE: 0.00062% | NSE: 0.065% | BSE: 0.026% (ON premium) |
GST | 18% (On brokerage + Transaction charges) | 18% (On brokerage + Transaction charges) |
SEBI Charges | 0.0001% (Rs 10/crore) | 0.0001% (Rs 10/Crore) |
Stamp Duty | 0.0001% (Rs 10/Crore)on Buy-side | 0.0001 (Rs 10 per crore) on buy-side |
Upstox Commodity Charges
UpstoxCommodity brokerage is Rs 20 per executed order, or 0.05% of the traded amount (whichever is lower).
UPSTOX CHARGES | COMMODITY CHARGES | COMMODITY OPTIONS |
Brokerage | Rs 20 per executed order or 0.05% (whichever ia lower) | Flat Rs 20per executed order |
STT | 0.01% on sell trade (Non-Agri) | 0.05% on sell trade |
Transaction charges | 0.0031% | 0.002% |
GST | 18% (On brokerage + Transaction charges) | 18% (On brokerage +Transaction charges) |
SEBI charges | 0.0001% (Rs 10/crore) | 0.0001% (Rs 10/Crore) |
Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Transaction Charges
The Upstox discount broker has also provided some other charges that are listed below –
Other Charges
Equity Delivery | NSe Rs 345 per Crore (0.00345%) | BSE Rs 300 per Crore (0.003%) (each side) |
Equity Intraday | NSE Rs 345 per Crore (0.00345%) | BSE Rs 300 per Crore (0.003%) (each side) |
Equity Futures | NSE Rs 200 per Crore (0.002%) |
Equity Options | NSE Rs 5300 per Crore (0.053%) (On premium) |
Currency Futures | NSE Rs 130 per Crore (0.0013%) |BSE Rs 26 per Crore (0.00026% |
Currency Options | NSE Rs 2900 per Crore (0.029%) | BSE Rs 2600 per Crore (0.026%) (On premium) |
Commodity | Group – A Rs 290 per Crore (0.0029%) |
The brokerage house has customized other charges, which are very minimal and will never affect your earning potential.
The upstox company charges a 0.00275% transaction charge on total turnover, a 0.0126% STT charge on total turnover, and stamp duty is dependent on the state; SEBI (Securities and Exchange Board of India) charges are not applicable in this case as they only apply to domestic share trading.
Moreover, the bank charges 18% of brokerage fees + transaction charges as GST.
Upstox Offers
OFFERS | YES/NO |
Free Demat Account | No |
Free Trading Account | Yes |
Discount On Brokerage | Yes |
Trading Happy Hours | No |
Flexible Brokerage Plans | No |
1 Month Brokerage Plans | No |
Holiday Offers | No |
Referral Offers | No |
Zero Brokerage For Loss Making Trades | No |
The following are the Upstoxes available for clients –
- The company offers a free account that enables users to open a trading account.
- It also offers a discount on brokerage for more convenience and flexibility.
- As the broking house is well-known for being reliable, renowned and popular. They custom make offers that suit your needs as a client.
- It offers a wide range of trading reports to its customers for their convenience. It is flexible and provides expert support for resolving any queries or issues.
Why Open An Upstox Trading Account
A trading account is a requirement for every trader when they trade because only the Demat account can handle and safeguard shares.
Opening a Upstox Trading Account will provide the following benefits:
- Once users have opened a trading account, there are no charges for them.
- They do not need to pay AMC charges for their trading account maintenance.
- It also provides various trading platforms that offer easy and convenient trades.
- The broker responds to all of the customer complaints and investor queries submitted in a timely manner.
Upstox Product & Services
A discount broker is a company that offers many products and services to its clients. Let’s take a closer look at these.
Upstox Product
The following table provides the details of all products offered by Upstox discount broker to its customers:
PRODUCTS | YES / NO |
Equity Trading | Yes |
Commodity Trading | No |
Currency Trading | Yes |
Options | Yes |
Futures | Yes |
Mutual Funds | No |
Forex | No |
Banking | No |
SIP | No |
Insurance | No |
Upstox discount brokerage has received huge popularity due to its product offerings. The company offers a variety of good quality trading products for maximum satisfaction and convenience to customers.
The company offers its equity trading product because it is popular with demand. Company executives custom-make products and services according to the needs of investors or clients.
Upstox is one of the best companies that offer customer trading products that can be easily used to boost profit rates. The company provides all the mandatory products, including equity trading, currency trading and futures, and options.
The Upstox brokerage house provides all the trading products at very nominal prices. Trading with these upstox product offerings is a great help in trade progress.
In addition, the discount broker provides good customer support and detailed trading reports including- stock reports, research reports, and more. All this can provide a huge convenience to the clients.
The list of products that the company offers is as follows:
- Equity trading
- Currency Trading
- Futures
- Options
The products mentioned above are customized to suit the requirements of clients or investors, and this is done in order for them to be satisfied.
By trading with this kind of trading product, clients are able to progress in their trading activities. Apart from this, the broking house provides a lot of customer service which makes everything better and more impressive.
Other Products
STOCKS – A stock is a security of the company offered to investors. Stocks are commonly known as shares, and there must be two types of stocks: equity shares and preference shares.
F&O – Futures are a contract to buy or sell an asset at a pre-decided time and price. The buyers and sellers of futures have the option, but not the requirement, to execute their agreement before it expires. When an options contract is traded, the investor has a right to buy or sell at a pre-determined price and date.
IPO – When a company wants to raise capital, they offer it to the general public. This is done through shares and when this happens for the first time- we call it an initial public offering or IPO.
Mutual Funds – Mutual funds are a financial vehicle that is managed by experts. The money collected from investors through issuing them units is invested in different stakes of securities available on the market.
Upstox Services
The following table chart provides the details about Upstox Services:
SERVICES | YES / NO |
Demat Services | Yes |
Trading Services | Yes |
Upstox 3 in 1 Account | No |
Intraday Services | Yes |
IPO Services | Yes |
Stock recommendations | No |
Robe Advisory | Yes |
PMS | No |
Trading Institution | No |
Trading Exposure | Upto 5x |
Here is a brief list of the discounts and services our brokerage offers as follows:
- Demat Account Opening Services
- Trading Account Opening Services
- Intraday Services
- IPO Services
- Robo Advisory
This wide-ranging, comprehensive discount broker is great at providing flexibility in service offerings to all of its customers.
The company provides flexibility in opening a Demat account and trading account. Customers or clients can easily apply for the accounts- either online or offline.
It offers offline and online services to choose the most suitable one at a convenient time.
The Upstox team can help you have a great trading experience with their professional and customized services. They also offer advanced trading platforms so that clients don’t face any trouble when using them.
The company’s products and services together make trading easier. The brokerage house usually offers a variety of services for different trading segments, like equity trading, currency trading, etc.
The company has also customized flexible and convenient brokerage plans to provide huge satisfaction to all of its customers.
The brokerage house offers a variety of services, including- Demat services, trading and intraday services, IPO advisory, and Robo advisory.
Apart from this, the company is available to answer any questions its customers might have for a better trading experience.
Upstox Trading Platform
TRADING PLATFORM
Desktop Platform – Windows Desktop Platform – Mac | Yes Yes |
Desktop Browser Platform | Yes |
Mobile Site Platform | Yes |
Android App Platform | Yes |
IOS App Platform | Yes |
Windows App Platform | No |
Other Mobile OS Platforms | No |
Real-Time Updates | Yes |
Portfolio Details | Yes |
Online MF Buy | Yes |
News Flash | Yes |
Research Reports | Yes |
Easy Installation | Yes |
Global Indices | Yes |
Stock Tips | Yes |
Personalized Advisory | Yes |
Interactive Charts | Yes |
Live Markets | Yes |
SMS Alerts Email Alerts | Yes Yes |
Multi-Account Management | Yes |
Here are Upstox’s various platforms that can be used for trading.
Upstox Pro login is a desktop-based trading platform through which you can easily buy and sell your favourite stock. It assists users in analyzing the market thoroughly to make informed decisions, not just for stocks but also for other financial instruments like bonds or futures.
It is a lightweight trading platform that lets you do all the things you want to do in trade.
The UpstoxPro trading platform has the following features-
- Traders get access to the lightweight platform.
- The stock market can be a difficult system to navigate, but with this feature enabled, users will have access to all the information they need.
- The only thing you need is a basic internet connection.
Upstox Pro App – Upstox Mobile Trading App
Mobile upstox app is a trading platform designed for users who want to trade anywhere with the flexibility and simplicity of using their smartphones.
The platform is a sophisticated trading system that requires good internet connectivity and assists users in boosting their profit margins.
The features available in the Upstox Pro mobile app are as follows –
- With this flexible functionality, Android users are excited.
- The user-friendly application enables people to buy and sell stocks easily.
UpstoxPro Web
Upstox is a leading discount brokerage company providing convenient services to all users or investors. The web-based trading platform allows investors to trade with flexibility and versatility.
To take advantage of the benefits offered on Upstox, you need to have a laptop or mobile phone. You can use various browsers such as Google Chrome to access the online trading platform that is web-based.
The following are the features associated with a Upstox web-based trading platform:
- You can access it in any browser – Firefox, Mozilla, Chrome, etc.
- The only internet access required for this position is that you must have a normal connection.
- We provide a good trading experience for all of our users.
Upstox offers service in two forms: the website and the mobile app. They provide the following services:
Web / Desktop – The Upstox website is the place to go if you want to watch and analyze when it’s buying time or sell time. You can access all its functions from your home, office, or wherever you are.
Mobile App – Upstox provides a mobile app that lets you analyze trends, places an order for stocks, or just watch your portfolio grow. It’s the perfect simplification tailored to suit your needs.
Upstox Advantages & Disadvantages
Advantages Of Upstox
The following are the advantages of Upstox. The pros and cons of Upstox help you find if it suits your investment needs. Read about both before opening an account with them.
- There are no maintenance charges when you maintain a Upstox Demat account with Rs 0 balance.
- You can trade in shares at flat Rs 20 per trade brokerage across all segments including delivery, intraday, and futures & options (F&O) trading on the BSE, NSE, and MCX.
- You can trade on your phone with an app that’s available for Android and iOS. The software is free and there are no charges.
- AMO and Cover Order are available on both the web and mobile versions of our platform.
- Both web and mobile versions of Trailing-Stop/Stop-Loss are available.
- Up stox Pro Web, BestTrading Platform features multiple indicators that allow people to monitor the markets on the go.
- Upstox Bridge for AmiBroker helps you code and execute your trading strategy using the AmiBroker AFL editor.
- The Upstox Developer Console enables you to build your own trading app by coding with languages such as Python.
- The Upstox Option Chain Tool is software that provides traders with information about Spot and Future upstox share prices. They have the ability to compare rates and get data on circuit levels, Open High Low Close, and market depth. It also allows customers to measure volatility as well as open Interest of trades
- Upstox MF offers 1000’s Mutual Funds to invest in. Customers can choose either Lumpsum or SIP patterns of investing.
- Margin Against Shares is available.
- Online IPO Application (UPI) is available.
Disdvantages Of Upstox
The following are some of the drawbacks of Upstox. Check out this list for more information on the cons and limitations of Upstox.
- Equity delivery brokerage charges a fee of Rs 20 per trade. Most other brokers offer free investment in the stock market.
- Orders that are Good Till Cancelled (GTC) and Good Till Date/Time (GTD) may not be available in the Equity Segment. GTC/GTD orders are only available in commodity trading.
- Margin funding is not available on sale and delivery trades.
- Upstox does not offer a monthly trading plan with unlimited access.
- The call and trade fee will be Rs 20 (Rs 20 brokerage + Rs 20 call & trade fee).
- Additional Rs 20 per executed Intraday order is charged for MIS/BO/CO orders that are not square-off by the customer.
- We do not provide stock tips or recommendations.
- 3-in-1 accounts are not offered by the company, since they do not provide banking services.
- 24/7 customer service is not available.
- The Upstox NRI Trading and Demat account are not available any longer (since Jan 2018).
- Upstox doesn’t provide access to its API for automated trading.
Upstox Review: Final Thought
Upstox can be the best choice for trading brokers in this country. It offers qualitative products to all investors and partners who come on board with them. Upstox helps its clients trade as much as possible so that they can boost their performance, along with providing quality customer support at minimal cost, which makes it quite a bargain when you look at everything it has to offer–including high-quality trading platforms! At Upstox, customers will easily get convenient services coupled with low brokerage costs.
