Upstox Stock Trading, Demat, Brokerage and Reviews 2020

Upstox Ratings

Overall Rating	2.6/5
Fees	3.7/5
Brokerage	3.7/5
Usability	2.7/5
Customer Service	2.5/5
Research Capabilities	3.5/5

Based on 67 Votes by Upstox Customers

Upstox Trading Plans Comparison

Upstox Equity Delivery & Intraday Charges

Upstox Equity F&O Charges

Upstox Currency Charges

Upstox Commodity Charges

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Upstox Exposure Margin

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

Upstox Customer Complaints

1. 1. What is Upstox account?

   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.

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2. 2. How to open Upstox account online?

   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

   1. Request a callback from Upstox or visit www.upstox.com
   2. Enter Email and Mobile Number
   3. Validate with OTP
   4. Enter personal and bank details
   5. Upload Aadhaar Card, PAN Card, Income Proof (for derivatives trading), Signature (on a blank paper) and photograph.
   6. Review, confirm and submit the application.

   You can expect your account to be activated within the next 24 - 48 hours. The company will inform you through email and SMS.

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3. 3. Does Upstox is safe?

   Yes, Upstox is a safe broker. It is a registered member of SEBI, BSE, NSE, MCX and CDSL. The company is regulated by the stock broker regulations. It is audited regularly by the exchanges. No major violations are reported so far.

   Upstox is safe for the following reasons:

   • In the business for over 10 years.
   • Profit making company
   • Backed by investors like Mr. Ratan Tata and Tiger Global.
   • Same product for all customers.
   • Same margin for all customers.
   • No margin funding
   • No PMS or Asset Management services.
   • No proprietary trading.

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4. 4. Upstox is good or bad?

   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:

   • Upstox Vs Zerodha
   • Upstox Vs ICICI Direct
   • Upstox Vs Sharekhan

   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
   Brokerage Free Equity Delivery segment Ultra-low broker (Rs 20 per trade) for Intraday and F&O Commission-free Direct Mutual Funds Excellent online trading platform (Website and Mobile App) Bracket and Cover Orders available Margin against share is available	No neighborhood offices in your town. It's an online broker. No personal relationship manager No research and advisory services No GTC Orders Doesn't offer NRI trading account Margin funding not available Additional ₹20 for Call & Trade orders Additional ₹20 for the auto square of intraday orders It doesn't offer monthly unlimited trading plans. It doesn't offer API to alog traders.

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5. 5. Who owns Upstox?

   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:

   • Tiger Global Management - 31.1% stake
   • Kalaari Capital Partners - 15.21% stake
   • GVK Davix Technologies - 2.54% stake.
   • Ratan Tata - 1.33% stake

   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.

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6. 6. Is Upstox free?

   Upstox offers brokerage free equity delivery trades. For all other segments, it charges flat ₹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	₹0 (Free)
   Equity Intraday	₹20 per executed order or 0.05% (whichever is lower)
   Equity Futures	₹20 per executed order or 0.05% (whichever is lower)
   Equity Options	Flat ₹20 per executed order
   Currency Futures	₹20 per executed order or 0.01% (whichever is lower)
   Currency Options	Flat ₹20 per executed order
   Commodity Futures	₹20 per executed order or 0.01% (whichever is lower)
   Commodity Options	Flat ₹20 per executed order

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7. 7. Is Upstox trusted?

   Yes, Upstox is a trusted stock broker. Here are a few facts which make upstox trustworthy:

   • In the business for over 10 years.
   • Lakhs of retail customer trading online with upstox daily
   • SEBI registered broker.
   • Member of BSE, NSE and MCX exchanges.
   • No major violations reported in the audits by the exchanges so far.
   • Backed by prominent investors like Mr. Ratan Tata.
   • Profit making company with zero debt.

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8. 8. How to buy at Upstox?

   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:

   • Go to www.upstox.com or download Upstox Mobile App.
   • Login using user ID and password
   • Search for the desired security by entering a few characters of its name, say REL for Reliance
   • Enter the quantity, select order type, position etc.
   • Review your order and Confirm

   To watch a live demo of placing a buy order on the Upstox Pro web, you can watch this demo video.

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9. 9. How to buy IPO Upstox?

   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

   • Login to Upstox Pro Web or Upstox mobile app
   • Click on your customer name and customer ID on top right
   • Click on Apply for IPO link
   • Select the IPO you wish to apply by clicking the 'Details' button
   • Go to the bottom on IPO Detail page and click 'Place Bid' button
   • Enter UPI ID and choose Investor Type
   • Enter order quantity and price
   • Choose Cutoff-price checkbox if applying in the retail category
   • Review and place order
   • Approve the notification received on the BHIM app in 2 to 12 hours.

   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.

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10. 10. How to transfer money from Upstox to the bank account?

    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

    • Visit www.upstox.com
    • Hover over link 'Sign In' in the top navigation and click 'Pro Web'
    • Log in to the trading website
    • Click the 'Balance' link in the top right.
    • In the popup window, click the 'WITHDRAW FUNDS' button.
    • Enter the amount and click 'WITHDRAW' button

    Steps for Fund Withdrawal using Upstox Pro Mobile App

    • Login to the Upstox Pro Mobile App.
    • Click on the 'Funds' button in the bottom right
    • Click on 'Withdraw Funds' link
    • Enter the amount and click 'Withdraw Funds' button

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11. 11. How to earn from Upstox?

    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:

    • Earn a part of the brokerage paid by your referrals
    • Earn incentives for referrals when they open a Upstox account

    Note:

    • Any individual or company can become a upstox partner.
    • No need for physical office or infrastructure.
    • Website, YouTube channel, Blog, etc. owners can also become a partner.
    • Only brokerage earnings are shared. Earnings from other sources i.e. Demat AMC, Demat Charges, Transaction Charges, Interest earning, software charges, etc. are not shared with a partner.
    • Partners get absolute freedom. No targets and no sells-pressure.
    • Excellent online partner portal to track your earnings and manage your clients.

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12. 12. How to close Upstox account?

    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

    • Visit www.upstox.com
    • In the top menu, go to Support >> Download Forms
    • Go to 'Account Modification Forms' section
    • Download the 'Demat Account Closure' form
    • Print, fill and sign it.
    • Send it to the 'Correspondence Office' address mentioned on the top of the form.

    Note:

    • Before submitting the request for closing, make sure to clear all the dues, close open positions and transfer/sell demat holding.
    • If you do not get any confirmation in 7 days, follow-up with customer service.

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