Upstox Review 2022: Everything you need to know! -

Table of Contents

Introduction:

Upstox is amongst India’s largest and top brokerage service providers. Uptox provides low cost high tech service that’s affordable and easy to use. It was built with an idea to make trading easier and cheaper. The company started its operation in the year 2009 under the banner of “RKSV Securities”.

Upstox provides trading platforms, analytical tools such as charting, and others that traders use. Easy to use User Interface (UI) is built on Omnesys NEST OMS (Order Management System) and Omnesys NEST RMS (Risk Management System).

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About Upstox founders:

Upstox was founded in the year 2009 by three co-founders named; Mr. Ravi Kumar, Mr. Shrini Viswanath and Ms. Kavitha Subramanian. All three hold board positions in the company.

Upstox is backed by our visionary Indian industrialist, philanthropist Sir. Ratan Tata and other well-known investment firms such as ‘Tiger Global’, ‘Kalaari Capital’, ‘GVK Davix’ and others.

Customer ratings and review:

Sl.No	Particulars	Customer ratings (Out of 10)
1	Brokerage Charges & Fees	9.5 / 10
2	Platform UI	9.2 / 10
3	Products & Services	9.0 / 10
4	Trading Experience	9.0 / 10
5	Customer Service	9.3 / 10
6	Overall Experience	9.2 / 10

Upstox Brokerage Information:

Member of The National Stock Exchange of India Limited (NSE) and The Bombay Stock Exchange (BSE)

The Securities and Exchange Board of India (SEBI) Registration no: INB231394231

Central Depository Services (India) Limited (CDSL): Depository services through Upstox Securities Private Limited

The Securities and Exchange Board of India (SEBI) Registration no: IN-DP-002-82534

Multi Commodity Exchange Limited (MCX): Commodity Trading through Upstox Commodities Private Limited

Multi Commodity Exchange Limited (MCX) SEBI Registration no: INZ000046510

Account Maintenance Charges (AMC) by Upstox:

Opening your DEMAT account is free!

Monthly maintenance charge of Rs.25 (excluding GST) is applicable only on demat accounts. This will be charged at the end of every month. An additional Rs.100 will be charged (one time charge) to process physical account opening forms that are sent to the Upstox mailing address.

Upstox Softwares to assist Investors & Traders:

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Upstox Partnered products to assist Investors & Traders:

Upstox review – Pros:

Well established and the most popular broker in India.
Economical
Customer service/ Support
Mobile trading application.
Upstox Pro Web Trading Platform
Upstox Option Chain Tool
Upstox Bridge for AmiBroker
Upstox Developer Console
Upstox MF Platform
Segregated space for IPO investing
Option for Direct Mutual Fund Investing
Covers After Market Orders (AMO) with ease.

Upstox review – Cons:

No unlimited trading plans as offered by “Zerodha” and “5Paisa”.
Non-Resident Indians (NRI) accounts are not available.
The User Interface option for immediate “Buy & Sell” is cumbersome.
Immediate payout is not available.
Trade via Brokerage call is chargeable at Rs. 20 per trade.
Covers only Indian market.
24/7 customer support is not available.
No active stock tips and suggestions are provided.
Not a 3-in-1 account.
Margin fund is not available in case of delivery trades.

Upstox Brokerage Equity Charges:

Sl.No	Upstox Charges	Equity Delivery	Equity Intraday	Equity Futures	Equity Options
1	Brokerage	Zero brokerage	Rs. 20 per executed order or 0.05% (whichever is lower)	Rs. 20 per executed order or 0.05% (whichever is lower)	Flat Rs. 20 per executed order.
2	STT/CTT	0.1% on both buy & sell.	0.025% only on sell.	0.01% on sell.	0.05% on sell side (premium).
3	Transaction Charges	NSE: 0.00345% per trade on buy & sell.	NSE: 0.00345% per trade on buy & sell.	NSE: Exchange turnover charge: 0.0020%	NSE: Exchange turnover charge: 0.053%
4	Transaction Charges	BSE: charges vary as per the scrip group	BSE: charges vary as per the scrip group	NSE: Clearing charge: 0.0002%	NSE: Clearing charge: 0.005%
6	Demat transaction charges	Rs. 18.5 per scrip per day only on sell.	No charges	No charges	No charges
7	GST	18% (on brokerage + transaction + demat charges)	18% (on brokerage + transaction charges)	18% (on brokerage + transaction & clearing charges)	18% (on brokerage + transaction & clearing charges)
8	SEBI Charges	Rs. 5/Cr	Rs. 5/Cr	Rs. 5/Cr	Rs. 5/Cr
9	Stamp Duty	0.015% or ₹1500 / crore on buy side	0.003% or ₹300 / crore on buy side	0.002% or ₹200 / crore on buy side	0.003% or ₹300 / crore on buy side

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Upstox Brokerage Currency market Charges:

Sl.No	Upstox Charges	Currency Futures	Currency Options
1	Brokerage	Rs. 20 per executed order or 0.05% (whichever is lower).	Flat Rs. 20 per executed order.
2	STT/CTT	No STT	No STT
3	Transaction Charges	NSE: Exchange turnover charge: 0.0009%	NSE: Exchange turnover charge: 0.04%
4	Transaction Charges	NSE: Clearing charge: 0.0004%	NSE: Clearing charge: 0.025%
5	Transaction Charges	BSE: Exchange turnover charge: 0.00022%	BSE: Exchange turnover charge: 0.001%
6	Transaction Charges	BSE: Clearing charge: 0.0004%	BSE: Clearing charge: 0.025%
7	GST	18% ( on brokerage+transaction charges)	18% (on brokerage+transaction charges)
8	SEBI Charges	Rs. 5/Cr	Rs. 5/Cr

Upstox Brokerage Commodity market Charges:

Sl.No	Upstox Charges	Commodity Futures	Commodity Options
1	Brokerage	Rs. 20 per executed order or 0.05% (whichever is lower).	Flat Rs. 20 per executed order.
2	STT/CTT	0.01% on sell trade (Non-Agri)	0.05% on sell trade
3	Transaction Charges	Non-Agri: Exchange turnover charge: 0.0026%	Exchange turnover charge: 0
4	Transaction Charges	Clearing charge: 0.0005%	Clearing charge: 0.002% on buy + sell [Rs. 200/crore]
5	GST	18% (on brokerage + transaction charges)	18% (on brokerage + transaction charges)
6	SEBI Charges	Agri: 1/Cr	Rs. 5/Cr
7	SEBI Charges	Non-Agri: 5/Cr	–

Upstox Margin trading & Intraday Leverage details:

Sl.No	Segment	Margin
1	Equity Delivery	1x or no margin on CNC
2	Equity Intraday (MIS)	Up to 5x (depends upon the stock)
3	Equity Future	Intraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
4	Equity Options	Intraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
5	Currency Future	Intraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
6	Currency Options	Intraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
7	Commodity Future	Intraday – 40% (2x), CNC – 1x of Span

Alternatives to Upstox:

Zerodha
5Paisa

Upstox Contact:

Upstox Postal Address (registered post, speed post or courier).

Headquarter: 30th floor, Sunshine towers, Senapati Bapat Marg, Dadar(west) Mumbai 400013

New Account Opening

Timing: 09:00 AM – 11:00 PM

022 4179 2991
022 6904 2291
022 7130 9991

Mail Id: new.account@upstox.com

Customer Support

Timing: Monday to Friday = 8:00 AM – 11:00 PM;

Saturday to Sunday = 09:00 AM – 11:00 AM

022 4179 2999
022 6904 2299
022 7130 9999

Mail Id: support@upstox.com

Call and Trade (Call to trade)

Timing: 9:00 AM – 11:30 PM

+91-22-6130-9999

Note: You will be charged Rs 20 + 18% GST for every order & modification or cancellation request placed. The call & trade timings are from 9:00 AM to 11:55 PM.

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