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54.6% 3,310,215 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).
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 20 or 0.1% whichever is lower per order. Upstox equity intraday brokerage is Rs 20 per executed order or 0.05% (whichever is lower).
| Upstox Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | 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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/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 margin for intraday trading is up to Up to 20% of trade value (max 5x leverage) based on the stock. Upstox F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Upstox F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| Overall Rating |  2.5/5 |
| Fees |  3.4/5 |
| Brokerage |  3.5/5 |
| Usability |  2.6/5 |
| Customer Service |  2.3/5 |
| Research Capabilities | 2.3/5 |
Based on 119 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 | 2021-22 | 3,310,215 | 205 | 0.01% |
| BSE | 2021-22 | 281,090 | 14 | 0% |
| 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% |
* 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 |
|---|---|
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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 is not free. It charges brokerage fee at flat Rs 20 per executed order across all segments and exchanges. In addition, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc.
Note: Other discount brokers like Zerodha offers brokerage-free equity delivery trades. This means the customer doesn't have to pay any brokerage when they buy and sell shares in a demat account.
Upstox Brokerage Fee
|
Segment |
Brokerage Charges |
|---|---|
|
Delivery |
Rs 20 per trade or 0.1% (whichever is lower) |
|
Intraday and F&O |
Rs 20 per trade or 0.05% (whichever is lower) |
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 account can be closed online through the Upstox mobile app or the web portal by submitting an Account Closure request. It takes 7 days for Upstox to close your account post the account closure request is submitted.
Steps to close Upstox account
Before submitting the Upstox Account Closure request
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.
Upstox 3 in 1 account (IndusStox account) can be closed online using the Upstox Mobile Trading app or trading website. The account closure request process is simple and takes a few minutes. It takes 7 days for upstox to close the request once the request is received.
Steps to close 3 in 1 Upstox account/ IndusStox account:
Before submitting an account closure request, ensure to:
Note:
If you close your 3 in 1 IndusStox within 14 days, there are no charges. However, if the account is closed after 14 days and within six months, you get charged with Rs 200, or the account balance, whichever is lesser.
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Are you a Zerodha Customer?
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
Open Instant Account (Start Trading Today)
Open Upstox Account
I don't recommend upstox to any.
Worst customer service.