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Upstox Stock Trading, Demat, Brokerage and Reviews 2019


Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.

Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.

Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platform makes it easy to place orders through mobile phones and web browser. Upstox trading platform is built on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).

Upstox offers absolutely free trading account and free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of UpStox for traders.

Special Offer: Get account opening fees as brokerage cashback + Free equity delivery trading (truly no brokerage) + Flat ₹20 for Intraday and F&O trades. Get the Exclusive Offer

Upstox Ratings

Overall Rating Rated 2.5 stars 2.5/5
Fees Rated 3.7 stars 3.7/5
Brokerage Rated 3.6 stars 3.6/5
Usability Rated 2.8 stars 2.8/5
Customer Service Rated 2.4 stars 2.4/5

Based on 46 Votes by Upstox Customers

Do you trade with Upstox? Rate Upstox

Information about Upstox account opening, Upstox open account, Upstox opening charges, Upstox account opening charges, Upstox account opening status, Upstox amc charges, Upstox account charges, Upstox account closure

Upstox's Trading Platforms

Upstox offers mobile and website based trading. Upstox's trading platform is build in-house by RKSV to make it extremely easy to place orders through mobile as well as web browser. As of now no trading terminal is available though Upstox.

Find info about Upstox platform, Upstox trading platform, Upstox trading software, Upstox trading demo, Upstox Demo, Upstox download, Upstox software download, Upstox software, Upstox stop loss, Upstox trading and Upstox trading account.

Account Types

Upstox offers two different type of trading account to suite investors/traders need:

  1. Upstox

    Upstox (Up Stocks Basic) offers basic trading features in Equity Delivery segment through mobile and website. RKSV doesn't change any brokerage for trading in Equity Delivery segment using Upstox.

  2. Upstox Pro (₹20 per trade)

    Upstox Pro is the trading platform for frequent traders; who trade in Indra-day and F&O segments. Along with the standard features offered in Upstox, Upstox Pro offers stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities.

    Upstox Pro provides advance charting for professional traders for technical analysis. It also offers wide range of indicators, chart types, data rich user interface.

Upstox Trading Plans

Upstox offer two trading plans to the customers; Basic and Priority Plan. The comparison of these plans is provided as below:

Upstox trading plans comparison
 

Upstox Basic Plan

Upstox Priority Plan

Brokerage

  

Equity Delivery

Free

Free

Equity F&O, Commodity and Currency

₹20 per trade or 0.01% (whichever is lower)

₹30 per trade or 0.05% (whichever is lower)

 

Margin – Intraday

  

NSE/BSE Cash

15x

20x

Index Futures

4x

5x

Stock Futures

4x

4x

Index Option Sell

4x

5x

Stock Option Sell

4x

4x

NSE Currency

4x

4x

MCX Future

2.5x

3x

 

Margin – CO/OCO Orders

  

NSE/BSE Cash

20x

25x

Index Futures

4x

7x

Stock Futures

4x

6x

NSE Option Buy

1.33x

2x

Index Option Sell

4x

5x

Stock Option Sell

4x

4x

NSE Currency

4x

5x

MCX Future

3x

4x

Upstox Special Offers

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

Upstox Brokerage Charges 2019

  • Upstox Trading Account Opening Charges (One Time): ₹150 for Equity and F&O, ₹150 for Commodity
  • Upstox Trading Annual maintenance charges (AMC): ₹0
  • Upstox Demat Account Opening Charges (One Time): ₹0
  • Upstox Demat Account Annual Maintenance Charges (AMC): ₹150 per year (paid upfront)
  • Total Account Opening Fee: ₹531 (as ₹150 + ₹150 + ₹150 + ₹81 (18% GST))

Upstox Trading Brokerages

1. Plan 1 - Upstox (Upstox Basic)

  • Equity Delivery Based Trades: ₹0 (no trade limit)

2. Plan 2 - Upstox Pro

  • Equity Delivery Based Trades: ₹0 (Free Unlimited Equity Delivery Trades)
  • Equity Intraday Trades: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Future: 0.01% or ₹20 per executed order (Whichever is lower)
  • Equity Options: ₹20 per executed order (on Turnover)
  • Currency Futures: 0.01% or ₹20 per executed order (Whichever is lower)
  • Currency Options: ₹20 per executed order
  • Commodity Futures: 0.01% or ₹20 per executed order (Whichever is lower)

Upstox Brokerage Fee in Detail

Upstox ChargesEQUITY DeliveryEQUITY Intraday
Upstox Basic Brokerage₹0Not Applicable
Upstox Pro Brokerage₹0₹20/Trade
STT0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover Charges₹350/crore₹350/crore
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp Duty

Upstox ChargesFuturesOptions
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STT0.017% on Sell Side0.017% on Sell Side(on Premium)
Transaction / Turnover Charges₹210/crore₹5500/crore on premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp Charges

Upstox ChargesCurrency FuturesCurrency Options
Upstox Basic BrokerageNot ApplicableNot Applicable
Upstox Pro Brokerage₹20/Trade₹20/trade
STTNo STTNo STT
Transaction / Turnover Charges₹155/crore₹6000/crore on premium turnover
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹15/Crore₹15/Crore
Stamp Charges

Upstox ChargesCommodity Futures
Upstox Basic BrokerageNot Applicable
Upstox Pro Brokerage₹20/Trade
CTT0.01% only on the sell side
Transaction / Turnover Charges₹260/crore (₹210 Transaction + ₹50 Clearing Charges)
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges₹15
Stamp Charges₹100/Crore

UpStox Charge Explained:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹15 per Crore.
  • Transaction or Turnover Charges: This is charged at ₹350/crore for Equity, ₹210/crore for Futures, ₹5500/crore on premium for options.

Other Charges (Upstox Broker Hidden Charges / Fees):

  1. Call & Trade: ₹20 per executed order
  2. Physical contract notes: ₹25 per contract note plus courier charges. (Digital contract notes are free.)
  3. Instant Money Transfer Fee: ₹7 per transfer

Upstox Demat Account Charges

Upstox offers demat account service (or DP or depository services). The Upstox fees for demat account transitions are as below:

Demat TransactionsDemat Charges
Annual Maintenance charges (AMC)₹150 per year (paid up-front every year)
Transaction charges (Market/Off Market / Inter-depository Transactions)₹13 + ₹5.50 (CDSL charges) per scrip
Pledge Charges Creation / Closure and Confirmation of both0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual
Pledge Charges for Invocation0.05% of transaction charges subject to a minimum of ₹50
Dematerialization Charges₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.
Rematerialization Charges₹25 per certificate or 0.05% of the value whichever is higher
SLB ChargesFor Securities Borrowings: ₹25 + NSDL/CDSL charges at actual
For Securities Lending: ₹25 + NSDL/CDSL charges at actual
Repurchase / Redemption Charges₹25 per transaction + Depository charges at actual
Failed or Rejected Transactions₹50 per transaction
Demat Rejection Charges₹35 per rejection for every 500 grams
Adhoc / Non periodic statement requestsAdhoc statement requests - ₹25 (₹500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at ₹10 + courier / postage charges.
E-Mail StatementFree periodic bills, transaction statement and other communication through email.
Cheque Bounce chargesCharges applied based on charges as determined by our bankers

Get detail about Upstox pricing, Upstox brokerage calculater, Upstox brokerage, Upstox plans, Upstox brokerage review, Upstox brokerage plans, Upstox fund transfer, Upstox intraday brokerage, Upstox charges, Upstox charge list, Upstox charges calculator, Upstox prepaid brokerage plans, Upstox yearly charges, Upstox fees, Upstox yearly maintenance charge, Upstox option brokerage and Upstox trading charges.

How to open account with Upstox?

Get information about Upstox broker, Upstox branches, Upstox sub broker, Upstox support, Upstox customer care, Upstox user reviews, Upstox user manual, Upstox website, Upstox review and Upstox toll free number

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EmailCity
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Upstox Pros and Cons

Upstox Advantages

  • Upstox offers brokerage free trading in Equity Delivery segment (Customer does not have to pay brokerage for delivery trades in equity segment).
  • Mobile trading app available for both Android and iOS phones. No software uses charges.
  • After Market Order (AMO), Cover Order and Bracket Order(BO) or One cancels Other (OCO) orders are available on both web and mobile.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Upstox Pro Web Trading Platform offers multiple indicators to monitor markets on-the-go.
  • Upstox Bridge for AmiBroker helps you to code & execute your trading strategy using the AmiBroker AFL editor.
  • Upstox Developer Console helps you build (code) your own trading app using languages such as Python.
  • Upstox Option Chain Tool helps traders find out Spot, Future prices, vertical comparison of rates, get details such as circuit levels, Open High Low Close and market depth. It allows customers to measure volatility, open Interest, performance indicator and check greeks as well.
  • Upstox MF Platform offers 1000's of Mutual Funds to invest in. Customers can choose Lumpsum or SIP pattern of investing.
  • Margin Against Shares is available.
  • Priority Brokerage Package is available for customers who need higher leverage.

Upstox Disadvantages

  • Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in Equity Segment. GTC/GTD orders are available in commodity trading.
  • Margin Funding is not available on delivery trades. Higher leverage is available in Upstox Priority Pack account.
  • Upstox charge brokerage fee of ₹20 per trade. Few other discount brokers (5paisa, ProStocks) offer similar services at cheaper per trade brokerage plan.
  • Upstox doesn't offer unlimited monthly trading plans.
  • Call and trade fee is charged at extra ₹20 per executed order (₹20 Brokerage + ₹20 Call & Trade Fee).
  • Additional ₹20 per executed order is charged for Intraday square MIS/BO/CO orders when they are not square off by the customer.
  • Brokerage free trading is available only in Equity Delivery segment (in Upstox Basic plan). For all other segments including Equity F&O, Commodity F&O and Currency Derivative, brokerage is charged at ₹20 or lower per trade.
  • In Upstox basic plan, though brokerage is free, customers still have to pay the Demat Transaction Charges. Upstox Demat debit transaction charges (₹21.83) is high than other discount brokers who charges fee of ₹15.93 per demat debit transaction.
  • Doesn't offer facility to invest in IPO, FPO, Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 24/7 customer service is not available.

Upstox Complaints received at BSE / NSE:

Number of customer complained against Upstox share broker. The Upstox consumer complaints provide the summary of grievance which went to exchange for resolution.

Upstox consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2018-19 22,381 7
NSE 2018-19 92,781 58
BSE 2017-18 24,483 2
NSE 2017-18 43,889 35
BSE 2016-17 3,910 1
NSE 2016-17 17,229 21
BSE 2015-16 3,049 1
NSE 2015-16 10,622 10
NSE 2014-15 7,372 4
BSE 2013-14 340 1
NSE 2013-14 4,631 1

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Enquiry Form

Upstox Priority Pack - For people who need higher leverage

UpStox offers priority at an additional monthly charge for traders who need higher leverage.

Pricing of Upstox Priority Pack

  • 999 Monthly - Priority Pack for Equities, F&O and CDS segments. 
  • 499 Monthly - Priority Pack for Commodities. 

What do you get in a Priority Pack?

Priority Pack offers trade with higher leverage:

  • 2X Intraday leverage on option buy with CO/OCO/BO
  • Get upto 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).

Upstox Exposures / Margin / Leverage Policy

Comparison of Upstox Regular Account and Priority Pack:

Leverage by Upstox (Margin Policy)

Segment

Regular Intraday

Intraday Priority Pack

NSE/BSE Cash

15x

20x

Index Futures

4x

6x

Stock Futures

4x

4x

NSE Option Buy

N/A

N/A

Index Option Sell

4x

6x

Stock Option Sell

4x

4x

NSE Currency

4x

4x

MCX Future

2.5x

3x

Upstox Margin for Cover order / Bracket Order

Segment

Regular Intraday

Intraday Priority Pack

NSE/BSE Cash

20x

25x

Index Futures

4x

7x

Stock Futures

4x

6x

NSE Option Buy

1.33x

2x

Index Option Sell

4x

5x

Stock Option Sell

4x

5x

NSE Currency

4x

5x

MCX Future

3x

4x

Upstox's (RKSV) Membership Information

  1. Upstox NSE Membership:
    • Capital Market (CM) - INB231394231
    • Future & Options (F&O) - INF231394231
    • Currency Derivatives (CDS) - INE231394231
  2. Upstox BSE Membership:
    • Capital Market (CM) - INB011394237
    • Future & Options (F&O) - INF011394237
  3. Upstox MCX Membership:
    • Member Code - 46510
    • FMC Regn. No. - MCX: MCX/TM/CORP/2034
  4. CDSL: IN-DP-CDSL-00283831
  5. NSDL: IN-DP-NSDL-11497282

Reasons why one should open an account with Upstox:

  1. Brokerage Free Investing App offers great opportunity for stock market long term investors.
  2. Upstox is among the 2nd most popular discount brokers in India after Zerodha. The company had over 1,00,000 customer and does over ₹15,000 Crores of trading turnover daily.

Upstox Reviews

avatar
59. pritesh Jani  Mar 9, 2019 15:41 Reply
They are nothing but cheats. They have taken my money and have flown away. They are nothing but scoundrels. they have caused immense stress to me. Never have any sort of relationship with them
avatar
58. Pradeep Garg  Mar 6, 2019 22:49 Reply
No tips & portfolio management, due to their system problems you will definitely bear losses very often, you will not be getting refund & support or resolution of any kind

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
57. Ishu  Feb 12, 2019 14:44 Reply
Not awesome
But not to bad
Good

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Average
avatar
56. ishan  Feb 5, 2019 21:49 Reply
Dont open account in upstox, for there cheap brokrage
always software problem
you are not even able to exit your positions
honestly, find another brokere but not upstox. they cheat you always.

Ratings:

Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
55. ashutosh  Feb 4, 2019 11:22 Reply
because they have new technology and charting tools.
customers servings is average but satisfactory
the customers who not know market psychology will always blame there broker


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
54. Pradeep Garg  Jan 19, 2019 22:32 Reply
Don't ever opt for this company

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
53. Ejaz  Jan 5, 2019 17:53 Reply
Better than Zerodha

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
52. NAZIM  Jan 4, 2019 18:32 Reply
very poor customer services
trading plateform is very poor
stay away fraud broker.............sudenly your positions would disappear.......i am suffering this problem since last month
they never felt their flault ....ALWAYS Argue.....poor management and poor customer services
avatar
51. RJ  Jan 2, 2019 13:07 Reply
Its customer support is pathetic infact one can consider it as completely non existant. For any problem every time a new executive would attend the problem and the entire thing has to be explained to them again and again. They won't go back through the trailing mail, same executive will not attend the problem again and they are completely determined to frustrate you and not provide any solution, no matter how serious the problem is.

Their knowledge about the market, rules, backoffice etc is very very poor. Frequently shares that you hold will not be visible in the trading platform, shares in the holding will not bear any name, entries not pertaining to you will reflect in your summary details.

Its good only for just trading, but if you ever face any problem or need any clarification zero support is available.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
50. CHANDAN Kumar  Dec 22, 2018 15:24 Reply
Sell side deduct 44 rs. Charges. Per scrip why told only 20

No profit only Loss deal
Many hidden charges they have added. and deduct money
avatar
50.1. Team Chittorgarh.com  Dec 23, 2018 09:02
Hi Chandan,
It seems you are ignoring the taxes and demat transaction changes. Note that there are number of taxes on the trades. There taxes are explained in a table above. Every broker charge them.

1. Check the contact note you received from upstox.

2. Check the example from Zerodha by clicking below link as they offer similar pricing mode. This will help you understand how it works.

https://www.chittorgarh.com/article/the_cost_of_share_trading_with_zerodha/4/

If you compare the exact same trade with a traditional broker, you would have saved 60% to 90% on brokerage.

Hope this will helps. Pls ask if you have any further question.

Team Chittorgarh
avatar
49. Ashok k sharma  Dec 13, 2018 18:58 Reply
What is the charges by Upstrox for selling Holding equity script after one year...,
avatar
48. Manohar  Dec 2, 2018 14:40 Reply
Don't be a client with upstox, they are cheaters.

They keep cancel the orders often with a reasons either "server not ready or mid day reconciliation" although they will not inform you reaso they cancelled the orders.
I faced twice resulted loss of R's. 7000/- bucks when I approached their customer care they says they are not able to refund.

I could have made profit of R's. 1000 if they didn't cancel my order.

They aren't even addressed my queries why did they cancel my order without intimation.

Don't open account with them, if you open you may face problems hence there is no issue from your end.

avatar
47. omkar  Nov 5, 2018 19:25 Reply
customer service is very poor....they dont know anything....also whenever u call it just tell ALL OUR EXECUTIVE ARE BUSY.....and after 4 min its says sorry we could not connect your call...pls try later....

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
46. JATIN JANGRA  Oct 26, 2018 23:27 Reply
It's nice

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
45. Sujet  Oct 26, 2018 21:26 Reply
Upstox is superb..

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
44. Ankit  Oct 15, 2018 09:02 Reply
Poor and bad service. 18 rs Hidden charges on delivery per selling tred

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
43. Mohd Amjad  Sep 2, 2018 19:31 Reply
Unauthorized debits and NO REFUND, debit for FREEDOM PLAN which does not exist as per company policy 2018, but NO REFUND. Cust. ID 220133

Doubtful one day all my capital would be debited without my permission and simple answer would be NO REFUND.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
43.1. Ashok Patil  Sep 28, 2018 09:14
Simply Extremely poor, you should stay away from this broker, lot of risk, due to their mistakes, they won't admit and argue a lot won't answer your valid queries.

avatar
42. Edwin  Sep 18, 2018 19:43 Reply
How is this discount broker rate on all parameters on total of 5 what will it score was thinking of opening a account
avatar
41. Shrikant  Aug 14, 2018 11:43 Reply
Dont have negative point otherwise I will give that to upstox, I never seen in my life worst service like this. No coordination in staff, no proper answer giving customer care. Overall feddup with this. If anyone want more details I will share chat and recording details with customer care how worst they are.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
40. veenit  Aug 9, 2018 17:42 Reply
The customer service is pathetic. They donot provide solution to any problem and for any issues you will keep chasing the customer care without any support.
I am using upstox for more than 1 year with 6 accounts of my family and friends.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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