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245.73% 2,141,095 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.
It is a limited-time offer. Open Instant Account online and start trading the same day.
Upstox equity delivery brokerage is Rs 0 (Free). Upstox equity intraday brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 0 | Rs 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 | Rs 325/crore | Rs 325/crore |
| Demat Transaction Charges | Rs 18.5 per scrip (only on sell) | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | Rs 5/Crore | Rs 5/Crore |
| Stamp Duty | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Equity F&O brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order. |
| STT | 0.1% (on Sell Side) | 0.1% (on Sell Side) |
| Transaction Charges | Rs 210/crore | Rs 5500/crore on premium turnover |
| Demat Transaction Charges | Rs 0 | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | Rs 5/Crore | Rs 5/Crore |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Currency brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 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 | Rs 5/Crore | Rs 5/Crore |
| Stamp Duty | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Upstox Commodity brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 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 | Rs 5/Crore | Rs 5/Crore |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Charge Explained:
Visit Upstox Brokerage Charges Review for more detail.
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.
Visit Upstox Trading Software Review for more detail.
The following are the advantages of Upstox. You must read Upstox advantages and disadvantages before opening an account with Upstox. Upstox pros and cons help you find if it suits your investment needs.
The following are the cons of Upstox. Check the list of Upstox drawbacks.
Upstox leverage for intraday, delivery, options, currency and commodities.
| Segment | Margin |
|---|---|
| Equity Delivery | 1x (no margin) |
| Equity Intraday | 5x |
| Equity Future | 2x |
| Equity Options | 2x |
| Currency Future | 2x |
| Currency Options | 2x |
| Commodity Future | 2x |
| Commodity Options |
Visit Upstox Margin Review for more detail.
| Overall Rating |  2.5/5 |
| Fees |  3.5/5 |
| Brokerage | 3.5/5 |
| Usability |  2.7/5 |
| Customer Service |  2.3/5 |
| Research Capabilities |  2.4/5 |
Based on 108 Votes by Upstox Customers
Do you trade with Upstox? Rate Upstox
The number of Upstox customer complaint received by the exchanges. The Upstox consumer complaint report helps understanding the Upstox quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2020-21 | 2,141,095 | 862 | 0.04% |
| BSE | 2020-21 | 143,126 | 7 | 0% |
| NSE | 2019-20 | 619,305 | 164 | 0.03% |
| BSE | 2019-20 | 142,797 | 11 | 0.01% |
| NSE | 2018-19 | 92,781 | 58 | 0.06% |
| BSE | 2018-19 | 22,381 | 7 | 0.03% |
| NSE | 2017-18 | 43,889 | 35 | 0.08% |
| BSE | 2017-18 | 24,483 | 2 | 0.01% |
| NSE | 2016-17 | 17,229 | 21 | 0.12% |
| BSE | 2016-17 | 3,910 | 1 | 0.03% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Upstox Complaints at BSE, NSE and MCX for detail report.
Upstox account is a 2-in-1 account combining a trading and a demat account. The trading account gives you access to stock exchanges like NSE, BSE and MCX etc, while the demat account is used to hold securities like stocks, mutual funds etc., in electronic form.
The upstox account allows investors to invest/trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund (regular and direct) in a lump sum or SIP way.
Upstox offers instant paperless online account opening to people who have an Aadhaar Card linked to their current phone number.
Steps to open Upstox account online
You can expect your account to be activated within the next 24 - 48 hours. The company will inform you through email and SMS.
Upstox is an online discount broker offering trading services in stocks and commodities. It is one of the 200+ large stock broker offering retail trading services, who are in the business for 10 to 25 years.
No broker is good or bad. It depends if a broker suites your requirement for trading and investment.
Read upstox review and compare it with top brokers to find which broker best suits you:
Here are a few pros and cons of Upstox which may help you determine if upstox is good for you.
Upstox Advantages and Disadvantages
| Upstox Advantages | Upstox Disadvantages |
|---|---|
|
|
Upstox is a private limited company owned by Mumbai based RKSV Securities Pvt Ltd. Mr. Ravi Kumar, Mr. Raghu Kumar and Mr. Shrini Viswanath are the co-founders of the company.
The company is also backed by a group of investors including Ratan Tata, Tiger Global and GVK Davix.
Upstox investor includes:
Remaining 50% stacks are with the promoters of the company which includes Mr. Ravi Kumar and Mr. Shrinivas Viswanath.
The above shareholding is as of Jan 2020.
Upstox offers brokerage free equity delivery trades. For all other segments, it charges flat Rs 20 per executed order. Also, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc.
Upstox Brokerage
Upstox Brokerage
| Segment | Brokerage Fee |
|---|---|
|
Equity Delivery |
Rs 0 (Free) |
|
Equity Intraday |
Rs 20 per executed order or 0.05% (whichever is lower) |
|
Equity Futures |
Rs 20 per executed order or 0.05% (whichever is lower) |
|
Equity Options |
Flat Rs 20 per executed order |
|
Currency Futures |
Rs 20 per executed order or 0.01% (whichever is lower) |
|
Currency Options |
Flat Rs 20 per executed order |
|
Commodity Futures |
Rs 20 per executed order or 0.01% (whichever is lower) |
|
Commodity Options |
Flat Rs 20 per executed order |
Yes, Upstox is a trusted stock broker. Here are a few facts which make upstox trustworthy:
To buy shares, ETFs and mutual funds, you need to first open an account with upstox. Upstox opens 2 accounts, a trading and a demat account. The trading account is for buy/sell or securities and a demat account is to hold your securities in electronic format.
Once your accounts are opened, you can then take the following steps to buy at Upstox:
To watch a live demo of placing a buy order on the Upstox Pro web, you can watch this demo video.
Upstox offers an online IPO application. Upstox customers can apply in any IPO at BSE and NSE using their UPI ID.
Steps to apply IPO through Upstox
If you have a upstox demat account, you can also apply in IPO using an online IPO facility offered by your bank using net banking. Almost all popular banks including ICICI, HDFC, SBI, Kotak, Axis Bank offer online IPO.
You just have to mention your upstox demat account information in the IPO application form. The allocated shares are automatically delivered to your upstox demat account. You can sell them on the IPO listing day.
To transfer money from your Upstox trading account to the bank account, you need to submit a 'Payout' request in the Upstox Pro Trading Website or Upstox Pro Mobile App.
Steps for Fund Withdrawal using Upstox Website
Steps for Fund Withdrawal using Upstox Pro Mobile App
Upstox runs a Partner Program wherein you can become a sub-broker and start referring customers from your network and outside, and earn commissions when they trade. You can earn 2 ways in this program:
Note:
Upstox accounts can be close by submitting an account closure request form. An empty PFD form for closing the account is available for download on the upstox website.
Note that you cannot close the Upstox account online or by contacting customer care on the phone or chat. It is an offline process where you have to sign a paper form and send it to the upstox office.
Steps to close Upstox Account
Note:
No, Upstox doesn't allow BTST (Buy Today Sell Tomorrow) facility.
They stopped offering BTST from 1st September 2020 after SEBI introduces the new margin policy.
If you buy 1000 shares of TCS on 1st September 2020, you would be able to sell these shares only after these shares are credited in your demat account on T+2 days. It means you cannot sell these shares before 4th September 2020.
|
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Upstox customer care service is pathetic.
I will add experience of mine here.
I have recently opened the account with Upstox and has only one but very serious concern.
And I think others should not fall prey to this in future.
1)
Upstox give free Indusind bank account opening at the time of opening demat account.
So I took that offer and opened account with Indusind bank.
But Upstox attaches this account to our demat account forcefully. It is made primary account.
So whenever you want to do payout, it will get credited to Indusind bank account only.
2) In Upstox you can not change/select bank account when you go for withdraw money option. This is unlike most other brokers where we can select any linked bank account to withdraw money.
3) I had raised the ticket for changing the primary account to my other bank's account.
But on phone they said it will be done within 48 hours. But its been 1 month now and they have not changed my primary account in Upstox.
3) I even escalated email to compliance@upstox.com but no response from there as well.
4) There is no communication from UPSTOX till now. So be aware of this technique Upstox is using to divert your fund to their preferred/partenered bank account.