Upstox Review 2021, Stock Trading, Demat, Brokerage Charges

Upstox Review, Stock Trading, Demat, Brokerage Charges & More
Upstox Review

Upstox Review – 2021, Margin, Brokerage Charges, Demat and Trading Account, Trading Platforms & More

Upstox is an Indian low-cost discount stock broker that offers free delivery trading as well as Rs. 20 flat fee for intraday and F&O trading. With Upstox, you can invest in stocks, digital gold, and direct mutual funds for free. Open a free Upstox Demat & Trading account and begin trading online in stock, futures & options, commodities, and currencies.

Upstox Pro (online and mobile app) is a multi-exchange trading platform that lets you trade on BSE, NSE, and MCX. Omnisys Nest OMS and Omnesys Nest RMS were used to create the platform. The Upstox Pro App offers top-notch features such as powerful charting, unlimited market watchlists, free fund transfer, 10+ years of historical data, price alerts, and guest login. It also includes third-party systems like Dartstock, Fox Trader, Nest Trader, and others.

Customer service is available by e-mail, phone, chat, and the broker’s website. Upstox Help Center is an excellent resource for resolving client questions on a variety of topics, including account opening, API usage, brokerage costs, worldwide investing, pro web, and app platform usage, and so on.

More About Upstox or RKSV Securities:

Upstox is a tech-first low-cost brokerage business in India that offers unmatched trading possibilities. On its Upstox Pro Web and Upstox Pro Mobile trading platforms, the company offers trading in several categories such as stocks, commodities, currencies, futures, and options.

Kalaari Capital, Ratan Tata, and GVK Davix are among the investors that have supported Upstox.

Upstox offers a comprehensive free trading account as well as free equity delivery trading. Upstox Pro allows you to trade Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives. UpStox Pro is UpStox’s premium service for traders.

Upstox Review: Advantages and Disadvantages:

 What I Like (Pros):

  • Equity, derivatives, commodities, currency, IPO, mutual fund, and digital gold make up a vast product portfolio.

  • Upstox offers a free Demat and trading account with no account opening fees.

  • Free stock (delivery), digitized gold, and online mutual fund investment.

  • In the intraday and futures & options segments, there is a maximum flat brokerage of Rs. 20.Online account opening services that are completely paperless.

  • Create a 3-in-1 account with Upstox IndusInd Bank.

  • Upstox Global Investment Account allows you to invest in more than 60 different exchanges in 25 different countries.

  • Algo Lab, Dartstock, Fox Trader, Nest Trader, and other third-party trading platformsChart IQ and TradingView chart settings.Web and mobile versions of Upstox Pro’s primary trading platform.

  • Ratan Tata, Kalaari Capital, and GVK Davix are among the main investors.

  • Bracket orders (BO), cover orders (CO), and aftermarket orders are examples of advanced orders (AMO).

  • Create a front-end trading platform with the Upstox Developer API.

What I don’t Like (cons):

  • The cost of a call and trade is Rs 20 per trade.
  • Orders that are good till canceled (GTC) are not supported in the Delivery section.

Upstox Online Account Opening charges:

  • Trading Account Opening Charges: Free
  • Trading Account AMC: Free
  • Demat Account Opening Charges: Free
  • Demat Account AMC: Rs 300 PA (Waived for 1st year)

Upstox Trading Brokerage Plane & Charges:

Customers may trade in multiple categories for Rs. 20 using Upstox’s flat brokerage plan. Here are the brokerage costs for each segment:

Segment TypeBrokerage
Equity DeliveryFree
Equity Intraday (MIS)Flat ₹20 per executed order or 0.05% whichever is lower
Equity FuturesFlat ₹20 per executed order or 0.05% whichever is lower
Equity OptionsFlat ₹20 per executed order
Commodity futuresFlat ₹20 per executed order or 0.05% whichever is lower
Commodity OptionsFlat ₹20 per executed order
Currency futuresFlat ₹20 per executed order or 0.05% whichever is lower
Currency optionsFlat ₹20 per executed order
IPOFree
Direct Mutual FundsFree or zero brokerage
Digital GoldFree

Other charges:

  • Call & trade charges: Rs. 20 per order
  • DP charges: Rs. 13 + 5.5 CDSL charges
  • Auto square off charges: Rs. 20 per order

Pros :

  • Zero brokerage delivery trading for the rest of your life.
  • Maximum flat brokerage costs of Rs. 20.
  • When you open a Upstox account, you will be charged Rs. 99. 

Cons:

  • There are no monthly plans.
  • Upstox does not provide a commission-based brokerage scheme. 

Upstox Margin:

Segment TypeMargin
Equity Delivery1x (No Margin)
Equity Intraday (MIS)5x|Bracket order: 5x| Cover order: 5x
Equity Futures2x| Bracket order: 2x| Cover order: 2x
Equity Options 2x
Commodity futures2x| Bracket order: 2x| Cover order: 2x
Currency futures 2x
Currency options 2x

Open Demat and Trading Account with Upstox:

Customers may open 2-in-1 (Demat + Trading) and 3-in-1 (Demat + Trading + IndusInd Bank A/c) accounts with Upstox. Here are the specifics of the Upstox account:

Upstox Demat And Trading Account:

Upstox is a CDSL Depository participant that provides clients with Demat account services. Free can be accessed.

Start online trading on the BSE, NSE, and MCX with a Upstox Demat & Trading Account with no account setup fees.

Upstox 2-in-1 refers to the interconnection of your trading and Demat accounts, with all buy and sell orders being submitted through your trading account and securities being transferred and credited to your Demat account.

Upstox 3-in-1 Account:

Upstox and IndusInd Bank have partnered to provide a single Upstox 3-in-1 account (Demat, Trading, and Bank A/c) to provide a smooth trading and investing experience with a bank security. Upstox offers a variety of advantages when you open a 3-in-1 account.

  • There are no requirements for a minimum balance.
  • Smart money transfer service.
  • Interest is paid on the fund’s balance.
  • You can make a free call and swap up to ten times.

Upstox Commodity Trading Account:

If you wish to trade commodities online on the MCX, you must create a Upstox Commodity Trading Account. So over Pro flagship trading platform, Upstox provides commodities futures and options trading for just Rs. 20 per completed order fee.

Upstox Mutual Fund account:

if you have a Upstox trading and Demat account, you may buy in direct mutual funds from 28+ AMCs for free and without paying a fee if you do not have a Upstox Mutual Fund Account. Upstox’s mutual fund investment platform, the Pro App and Web, allows consumers to buy in direct mutual funds.

Upstox Trading Software (Upstox Trading Platforms):

Customers can use the Upstox Pro trading platform created by Omnesys Nest OMS (Order Management System) and RMS (Risk Management System).

Upstox Pro Web (Web-based Trading Platform):

Upstox Pro online is a web-based trading platform that works with any browser, including Chrome, Safari, and Internet Explorer. Users can access a variety of tools like as unlimited watchlists, one-click trades, TradingView, and ChartIQ charts, 100+ technical indicators, and download transaction reports, fund transfer reports, and more by logging into their Upstox account on the Pro online platform.

Upstox Pro App (Mobile-based Trading Platform):

The Upstox Pro app is an all-in-one mobile trading tool that allows you to make orders for stock, futures and options, commodities, and currencies over the phone. The App is available on the Play Store and the App Store for Android and iOS devices. The Upstox app has features like real-time technical charting, numerous chart display settings, 10+ years of historical data, and many configurable watchlists.

Upstox Developer API:

Upstox API allows developers to create their own customized front-end trading platform based on their needs.

Upstox API charges:

  • The cost of using an interactive API is Rs. 750 per month.
  • API use in the past: 500 per month.

Upstox also provides a variety of third-party trading platforms, which are listed below:

  • Dartstock: Dartstock is made possible through a partnership with iDarts. This is a downloadable trading program that includes charting tools, trend scanners, a scrip analyzer, and more.
  • Nest Trader: Thomson Reuters provides desktop trading software that includes extensive charting tools, 60+ technical indicators, enhanced order placing, and more.
  • Algo Lab: Traders using Upstox Pro can use Amibroker AFL to place orders directly on the Algo Lab platform. Market Information Feed and Interactive plans include access to the platform.
  • Fox Trader: Backtesting, various charting, technical indicators, and more are all included in this 3rd-party Algo trading program.

Upstox Products & Services:

Upstox Products:

Due to its product offers, Upstox bargain booking has acquired a lot of traction in the stock market. Customers benefit from the company’s high-quality trade goods, which provide them with a high level of satisfaction and ease.

Because of the strong demand for stock trading, the firm usually offers a lot of it. Typically, corporate leaders create goods and services that are tailored to the demands and expectations of investors or clients.

Customers may simply increase their profit rate by using Upstox’s trading goods. The firm provides all of the required trading products, such as equities trading, currency trading, options, and futures trading.

All of these trading items are available at extremely low costs through the Upstox brokerage firm. Upstox’s product offers can be quite beneficial to your trading success.

Furthermore, the discount broker offers excellent customer service as well as thorough trade data, such as stock reports, research reports, and more. All of this may give clients a great deal of convenience.

The following is a list of the items that the firm offers:

  • Equity trading
  • Currency trading
  • Options
  • Futures

The goods described above are tailored to meet the needs of customers or investors to the greatest degree possible.

Clients may make significant progress in their trading operations with this type of trading goods. Apart from that, the brokerage business provides excellent customer service, which makes everything much more outstanding.

Upstox Services:

The following is a brief list of services provided by the discount broker:

  • Services for establishing Demat accounts.
  • Services for establishing trading accounts.
  • Services provided during the day.
  • Services for Initial Public Offerings.
  • Robo-consulting.

All of its customers benefit from the wide-ranging and comprehensive discount broker’s ability to provide flexibility in service offerings.

Typically, the firm tailors services to the client’s convenience, flexibility, and contentment. Investors may simply make fair investment selections on their own with Upstox services.

The firm allows you to create a Demat account and also a trading account with ease. Customers and clients can apply for the account opening both online and offline. It provides both physical and online services so that clients may select what is most convenient for them.

With the aid of Upstox specialists and services, customers may enjoy a fantastic trading experience. Its trading systems are also highly customized to ensure that the client has no difficulties when trading.

Its products and services work together to make trading more efficient and convenient. Typically, a broking company may provide services for a variety of trading segments, such as equities trading, currency trading, and more.

To ensure that all of its clients are completely satisfied, the firm has created a variety of flexible and easy brokerage options.

The brokerage company primarily concentrates on a number of services, including Demat, trading, intraday, IPO, and Robo advice.

Aside from that, the firm offers expert help to its consumers in order to improve their trading experience.

Upstox Customer Ratings & Review 2021:

CriteriaRatings
Product & Services9.6 / 10
Broking Experience9.53 / 10
Trading Platform9.01 / 10
Research & Advisory9.24 / 10
Brokerage Charges & Fees9.7/ 10
Overall Rating9.37/10
Customer Rating★★★★★

Upstox Complaint:

ExchangesFinancial YearNumber of ClientsComplaints%
NSE2021-223,027,8031690.01%
NSE2020-212,141,0958620.04%
BSE2020-21143,12670%
NSE2019-20619,3051640.03%
BSE2019-20142,797110.01%
NSE2018-1992,781580.06%
BSE2018-1922,38170.03%
NSE2017-1843,889350.08%
BSE2017-1824,48320.01%
NSE2016-1717,229210.12%

Conclusion:

Upstox is one of India’s top discount brokers, particularly for traders. On the one hand, Upstox offers the quickest trading platforms, which are essential for making big gains in day trading. On the other hand, regardless of your transaction volume, you will only be charged a flat fee of Rs 20 for each trading.

Overall, traders searching for an alternative to Zerodha can establish an account with Upstox. If you want to trade regularly, it’s usually a good idea to have two accounts. One Demat account is adequate for an investor.

It’s now a fair playing field, thanks to SEBI’s restriction on additional margin that brokers used to give. Whoever has the best products and customer service will come out on top. I’ve given my honest opinion on Upstox. Please do let us know if you wish to rate Upstox in the comments section.

Admin

The website thesharebrokers.com is developed to assist Indian traders and Investors by educating and informing them about financial markets and stockbrokers.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!