Upstox Review 2021: Everything you need to know!

Upstox review

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).

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.NoParticularsCustomer ratings (Out of 10)
1Brokerage Charges & Fees9.5 / 10
2Platform UI9.2 / 10
3Products & Services9.0 / 10
4Trading Experience9.0 / 10
5Customer Service9.3 / 10
6Overall Experience9.2 / 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:

Upstox Partnered products to assist Investors & Traders:

Upstox review – Pros:

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

Upstox review – Cons:

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

Upstox Brokerage Equity Charges:

Sl.NoUpstox ChargesEquity DeliveryEquity IntradayEquity FuturesEquity Options
1BrokerageZero brokerageRs. 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.
2STT/CTT0.1% on both buy & sell. 0.025% only on sell.0.01% on sell. 0.05% on sell side (premium). 
3Transaction ChargesNSE: 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%
4Transaction ChargesBSE: 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%
6Demat transaction chargesRs. 18.5 per scrip per day only on sell. No chargesNo chargesNo charges
7GST18% (on brokerage + transaction + demat charges)18% (on brokerage + transaction charges)18% (on brokerage + transaction & clearing charges)18% (on brokerage + transaction & clearing charges)
8SEBI ChargesRs. 5/CrRs. 5/CrRs. 5/CrRs. 5/Cr
9Stamp Duty0.015% or ₹1500 / crore on buy side0.003% or ₹300 / crore on buy side0.002% or ₹200 / crore on buy side0.003% or ₹300 / crore on buy side

Upstox Brokerage Currency market Charges:

Sl.NoUpstox ChargesCurrency FuturesCurrency Options
1BrokerageRs. 20 per executed order or 0.05% (whichever is lower).Flat Rs. 20 per executed order.
2STT/CTTNo STTNo STT
3Transaction ChargesNSE: Exchange turnover charge: 0.0009%NSE: Exchange turnover charge: 0.04%
4Transaction ChargesNSE: Clearing charge: 0.0004%NSE: Clearing charge: 0.025%
5Transaction ChargesBSE: Exchange turnover charge: 0.00022%BSE: Exchange turnover charge: 0.001%
6Transaction ChargesBSE: Clearing charge: 0.0004%BSE: Clearing charge: 0.025%
7GST18% ( on brokerage+transaction charges)18% (on brokerage+transaction charges)
8SEBI ChargesRs. 5/CrRs. 5/Cr

Upstox Brokerage Commodity market Charges:

Sl.NoUpstox ChargesCommodity FuturesCommodity Options
1BrokerageRs. 20 per executed order or 0.05% (whichever is lower).Flat Rs. 20 per executed order.
2STT/CTT0.01% on sell trade (Non-Agri)0.05% on sell trade
3Transaction ChargesNon-Agri: Exchange turnover charge: 0.0026%Exchange turnover charge: 0
4Transaction ChargesClearing charge: 0.0005%Clearing charge: 0.002% on buy + sell [Rs. 200/crore]
5GST18% (on brokerage + transaction charges)18% (on brokerage + transaction charges)
6SEBI ChargesAgri: 1/CrRs. 5/Cr
7SEBI ChargesNon-Agri: 5/Cr 

Upstox Margin trading & Intraday Leverage details:

Sl.NoSegmentMargin
1Equity Delivery1x or no margin on CNC
2Equity Intraday (MIS)Up to 5x (depends upon the stock)
3Equity FutureIntraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
4Equity OptionsIntraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
5Currency FutureIntraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
6Currency OptionsIntraday – 40% (2x), CNC – 1x of Total margin (Span+ Exposure)
7Commodity FutureIntraday – 40% (2x), CNC – 1x of Span

Alternatives to Upstox:

  1. Zerodha
  2. 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.

FAQ’s – Upstox review:

  1. Is Upstox good for beginners?
  2. Which is better, Zerodha or Upstox?
  3. Is Upstox trustworthy?
  4. What is a 60 days challenge in Upstox charges?
  5. Can I withdraw money from Upstox on Saturday?
  6. Why do Upstox withdrawals fail?
  7. Is Upstox good for Trading?
  8. Why does the Upstox server crash often?
  9. Is Upstox free?
  10. Can I transfer money from Upstox to a bank account?
  11. Which bank account is best for Upstox?
  12. Does Upstox charge for withdrawal?
  13. Does Upstox charge AMC?
  14. Is my money safe with Upstox?
  15. How many days will it take to open a Upstox account?
  16. Can I have 2 Upstox accounts?
  17. Can we have 2 demat accounts?
  18. How can I open a Upstox account for free?
  19. Which demat account is best in India?
  20. How do I buy shares?

How to Open Demat account with Upstox:

Disclaimer: All the information on this website is published in good faith and for general information purpose only.

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