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Upstox Stock Trading, Demat, Brokerage and Reviews 2020

439.92% 500,944 Clients

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: FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

Upstox Ratings

Overall Rating	2.6/5
Fees	3.6/5
Brokerage	3.7/5
Usability	2.7/5
Customer Service	2.5/5
Research Capabilities	2.5/5

Based on 65 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.

Read Upstox Trading Software Review for 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:

Upstox Basic Plan

Brokerage Free equity delivey and ₹20 per trade for Equity F&O, Commodity and Currency

The plan offers basic trading features in Equity Delivery segment through mobile and website. Upstock doesn't change any brokerage for trading in Equity Delivery segment.

Upstox basic plan offers upto 20x leverage on Cash segment.
Upstox Priority Pack

₹0 equity delivey brokerage and flat ₹30 per trade for Equity F&O, Commodity and Currency

Upstox Pro is the trading platform for frequent traders; who trade in Indra-day and F&O segments. This plan offers upto 25x leverage on Cash segment.

Along with the standard features offered in Upstox Basic Plan, 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 Comparison

Segment	Upstox Basic Plan	Upstox Priority Pack
Brokerage - Equity Delivery	Free	Free
Brokerage - F&O, Commodity, 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	10x	14x
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

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback

Upstox Brokerage Charges 2020

Upstox Trading Account Opening Charges (One Time): ₹0 (Free)
Upstox Trading Annual maintenance charges (AMC): ₹0 (Free)
Upstox Demat Account Opening Charges (One Time): ₹0 (Free)
Upstox Demat Account Annual Maintenance Charges (AMC): ₹300 per year (paid monthly)

Upstox Equity Delivery & Intraday Charges

Upstox Charges	Equity Delivery	Equity Intraday
Brokerage	₹0	₹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	₹325/crore	₹325/crore
Demat Transaction Charges	₹18.5 per scrip (only on sell)	₹0
GST	18% (on Brokerage + Transaction Charges)	18% (on Brokerage + Transaction Charges)
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Duty	*	*

Upstox Equity F&O Charges

Upstox Charges	Futures	Options
Brokerage	₹20 per executed order or 0.05% (whichever is lower)	Flat ₹20 per executed order.
STT	0.1% (on Sell Side)	0.1% (on Sell Side)
Transaction Charges	₹210/crore	₹5500/crore on premium turnover
Demat Transaction Charges	₹0	₹0
GST	18% (on Brokerage + Transaction Charges)	18% (on Brokerage + Transaction Charges)
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Duty	*	*

Upstox Currency Charges

Upstox Charges	Currency Futures	Currency Options
Brokerage	₹20 per executed order or 0.05% (whichever is lower)	Flat ₹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	₹15/Crore	₹15/Crore
Stamp Duty	*	*

Upstox Commodity Charges

Upstox Charges	Commodity Futures	Commodity Options
Brokerage	₹20 per executed order or 0.05% (whichever is lower)	Flat ₹20 per 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	₹15/Crore	₹15/Crore
Stamp Duty	*	*

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.

Other Charges (Upstox Broker Hidden Charges / Fees):

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

Check out Upstox Brokerage Charges, Fees, AMC, Transaction Charges. 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?

To open an account with Upstox; please leave your information and Upstox representative will contact you.

Read Upstox Account Opening Process Review to find 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

Contact Upstox / Request Call Back

FREE Account Opening (₹300 waived) (Until 17th May) + FREE Eq Delivery Trading + flat ₹20 per order for Intraday and F&O. Get the Exclusive Offer

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 NRI Trading and demat account is no more available (since Jan 2018).
Upstox do not offer API any more.

Upstox Exposure Margin

Upstox leverage for intraday, delivery, options, currency and commodities. Read Upstox exposure limit review.

Segment	Exposure Margin
Equity Delivery	2.5x
Equity Intraday	Regular: 15x \| Priority Pack: 20x \| Regular CO: 20x \| Priority Pack CO: 25x
Equity Future	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 6x
Equity Options	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Currency Future	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Currency Options	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Commodity Future	Regular: 2.5x \| Priority Pack: 3x \| Regular CO: 3x \| Priority Pack CO: 4x
Commodity Options

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 Customer Complaints

Exchange	Financial Year	Number of Clients *	Total Complaints **
BSE	2019-20	100,254	7
NSE	2019-20	500,944	110
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

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

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

Read detail report about Upstox Complaints at BSE, NSE and MCX
Broker complaints in India - Year wise complaints received by exchange

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

67 Comments

67. Mihir Joshi Feb 5, 2020 21:13

I opened an account with Upstox a month ago and so far it has very good with brokerage services and reporting every day and the charges are applicable as said.No hidden charges are charged except in the delivery section you need pay 18.5+ GST which is DP charge not shown in Brokerage Calculator of Upstox. Overall It has been a good experience with the broker. A decent broker to be Honest.
Thank You.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average

66. Ankit Singh Jan 4, 2020 11:45

What is the margin required for option selling in upstox both intraday or position suppos i want to short sell a option whose premium is 4 rs and lot size is 5000 how much margin required to short sell this option in delivery

65. abram Dec 27, 2019 17:45

customer support doesnt exists. are they bangladeshis?

Ratings:

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

64. SOURENDRA KUMAR DEY Dec 11, 2019 20:38

I Sourendra Kumar Dey CL 144095 . Opened my new demat account just fifteen days ago and requested for link with my existing trading account with submitted necessary forms also requested to enable NSE , BSE cash segment trading facility . But 15 days over my account not enabled with NSE BSE cash segment . Repeatedly requested upstox team and send mail but no response from their side. I think very worst broker in the industry. I realy disapointed with this broker. Dont go with this broker as their sevice is worst . They are only hunting for new client not for old client.

63. Srawan Nov 20, 2019 09:31

I rate UPSTOX as WORST compared to others and specially they are cheaters. For greater leverage and priority, opted for priority account. But when we trade in banknifty options, an order of 400 Qty is split into small chunks of 40, 20,80 etc. and for each chunck the will be charging the brokerage separately. In my case, they charged around 300Rs brokerage for single transaction. Also, there is no facility to modify the entire order price in a shot for these small chunks.

62. Ravi Kumar Sep 27, 2019 11:21

The brokerage fees and charges are good and really competitive, their mobile app is also good. The problem is their web trading platform which is quite difficult for first timers, also though the customer service agents are polite you have to explain them everything twice. Other than that they are good.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Excellent

61. vivek sharma Sep 17, 2019 18:46

Guys i am leaving this platform as i am having the worst experience. My share are not reflecting in my portfolio and the customer care team is not even replying properly. It will be resolve soon is their universal statement. No one is taking accountability for your money. customer care Phone no is busy since 12 hours. Its one of the biggest scam of 2019. Dont Trust this application

Ratings:

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

60. Bhushan Thakare Jul 25, 2019 09:26

1 |

I like the service of customer satisfaction through chatbox facility and also calling facility the best thing it is.
And app is user friendly.
All over I loved it.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

59. Raja kumar Jul 23, 2019 14:56

Web design seems very poor compare to angel broking.

Ratings:

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

58. Sopan Ghadge Jul 12, 2019 13:41

In mobile app you can not sort the holding alphabetically to know the scripts quickly. I use mostly with Upstoxs Pro there are major following concerns (these are simple requirements for any stock investor): 1. To sign out you can not scroll-down. 2. In holding any corporate action like bonus shares issued, only quantity will be updated but the holding price remain as it is, which will show your holding in loss. (Raised my complaints but no response). It is simple arrangement to be made in upstox database but they don't have team to do it. 3. It will never updated the holding on time. 4. Before buying you need to check holdings quantity sorted either increasing or decreasing order which is not possible. It will show 1 first than 10, than 100, and next you will see 2, 20, 200. Ideally it shall display 1, 2, 20, 100 and than 200. 4, referral program is horrible, i refereed three friends one they diluted by not asking referral code, one account opening delayed more than 3 months, one account opening is still pending. Today i realized that i have made mistake by shifting my account with Upstox.

Ratings:

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

57. veenit Jul 4, 2019 01:15

If you want to make money donot ever think of opening a demat account with UPSTOX. I hold 6 accounts in my family names but they are not transparent in their services and customer service is Big ZERO . they have cheated me twice by not placing my bid for OFS and made me huge losses.

Ratings:

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

56. Upstox user May 21, 2019 12:38

Worst ever support and software. No response from support for months and a simple issue is not resolved for 4 months.

Ratings:

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

55. Anil Zee May 10, 2019 17:27

1 |

Don't choose upstox ever
Below is the problem in their site
1. as they claim they didn't provide proper levrage on each stocks
2. Backoffice website is very old like developed in 1950's very poor in kind of reporting shows for IT purpose
3. their website is hanged on first load
4. we have to move to many menus to exit from currrent position in between either small trader fall into loss or go with less profit.

54. keertikumar patel Apr 30, 2019 17:54

i use mobile app for trading n its good, brokerage also great, i hav only 1 problem that they dont show proper profit and loss if u transfer shares from other dmat account and also if u get shares alloted from any IPO, i had complained about this 10 months ago but still no proper arrangement done from upstox.

53. PRAFULLA Apr 17, 2019 10:15

We work hours in front of the computer and Upstox pro web is very cool and Relaxing to the eye in comparison to other trading platforms. I Love Upstox.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

52. SUMIT Mar 29, 2019 12:41

Guys, don't try to open account with upstox, they will take first account opening charges, then they will harass to open an account, afterthat you will leave Rs. 531/- amount.

Basically they are not earning with brokerage, they are earning with eat you account opening charges.

So be careful with this type of thief.

Ratings:

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

51. Shashi Mar 27, 2019 20:23

1 |

If any issue happen then pray to God, he will come and help but not Upstox customer care. They don't care that you are loosing trading for days and won't easily resolve your issue.

Specially stock trading and in API support.
No escalation route available so can't speed up the process and just be at their mercy.

Ratings:

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

50. pritesh Jani Mar 9, 2019 16:41

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

49. Pradeep Garg Mar 6, 2019 23:49

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

48. ishan Feb 5, 2019 22:49

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

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