Skip to content
DematOpen
  • Home
  • Stock Market
  • Reviews
    • Upstox Review 2023
    • Angel One Review 2023
    • Groww Review 2023
    • Zerodha Review 2023
    • Fyers Review 2023
    • Paytm Money Review 2023
  • Stock Brokers
  • Tools
    • SIP Calculator 2023

๐Ÿš€ Upstox Review 2023: Demat, Brokerage, Trading Platforms, Pros & Cons, Stock Trading๐Ÿ”

May 20, 2023March 21, 2023 by Ankit kumar
Upstox Review

Upstox, previously RKSV Securities, has strong backing from companies like ๐Ÿš€Ratan Tata and ๐ŸฏTiger Global Management, as well as ๐Ÿ’ผGVK Davix and ๐ŸŒŸKalaari Capital. RKSV Securities was founded in 2009 by Mr. Ravi Kumar, Mr. Raghu Kumar, and Mr. Shrinivas Vishwanath.

As of now, Mumbai serves as headquarters for this discount broker. The article includes an unbiased and authentic Upstox Review 2023 of history, ๐Ÿ’ธDemat Account Opening Charges, ๐Ÿ’ฐBrokerage Charges, ๐Ÿ“ˆTrading Platforms, Pros and Cons, and more.

It’s a Discount stockbroker that lets you buy and sell stocks, futures, options, commodities, and even currencies. Plus, you may take advantage of their no-cost supplementary services and put money into initial public offerings (IPOs), digital gold, and mutual funds.

Company Name ๐ŸขUpstox ๐Ÿ’น
Previous Name ๐Ÿ“›RKSV Securities ๐Ÿ’น
Founders ๐Ÿ‘ฅMr. Ravi Kumar, Mr. Raghu Kumar, and Mr. Shrinivas Vishwanath ๐Ÿค
Backing Companies ๐Ÿ’ฐRatan Tata, Tiger Global Management, GVK Davix, Kalaari Capital ๐Ÿ’ผ
Headquarters ๐ŸขMumbai, India ๐Ÿ‡ฎ๐Ÿ‡ณ
Services ๐Ÿ“ˆDiscount brokerage, stocks, futures, options, commodities, and currencies, IPOs, digital gold, and mutual funds ๐Ÿ’ฐ๐Ÿ’น

Upstox, on 17th January 2023, announced a partnership with TradingView, a global charting platform used by more than 30 million traders and investors. Through this partnership, Upstox users will be able to use Tradingview premium advanced charting features, powerful stock analysis tools, and real-time trading on the NSE, BSE, and MCX exchanges. ๐Ÿค๐Ÿ“Š๐Ÿ“ˆ

Table of Contents

  • Equity Delivery & Intraday Charges
  • Charges for Upstox Equity F&O
  • Upstox Charges for Currency Trades
  • Upstox Charges for Commodities Trades
  • Account Opening
  • Investment Options
  • Research and Analysis
  • Education and Training
  • Customer Support
  • Upstox Trading Platforms
  • How to Open Demat Account in Upstox
  • ๐Ÿ“ Documents Requirements For Upstox Demat Account Opening
  • Upstox Pros & Cons (Advantages & Disadvantages)
  • Need Help Opening Your Upstox Account?
  • Customer Reviews and Ratings of Upstox
  • Upstox review Conclusion
  • Upstox Registration & Licenses
  • Frequently Asked Questions (FAQs)
  • Also Read our in depth Reviews on other Stock Brokers

Equity Delivery & Intraday Charges

Equities delivery brokerage is Rs 20 or 0.1%, whichever is lesser per order. intraday brokerage is Rs 20 per executed order or 0.05%. (whichever is lower).

Upstox ChargesEquity DeliveryEquity Intraday
BrokerageRs 20 per executed order or 2.5% (whichever is lower)Rs 20 per executed order or 0.05% (whichever is lower)
STT0.1% on both Buy & Sell0.025% on the Sell Side
Transaction Charges0.00325% per order0.00325% per Order
Demat Transaction ChargesRs 18.5 per scrip (only on sell)Rs 0
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.015% (Rs 1500 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Charges for Upstox Equity F&O

For F&O trades, the brokerage fee is Rs 20 (0.05%) for each executed trade (whichever is less).

Upstox ChargesEquity FuturesEquity Options
BrokerageRs 20 per executed order or 0.05% (whichever is lower)Flat Rs 20 per executed order.
STT0.1% (on Sell Side)0.1% (on Sell Side)
Transaction Charges0.0019% Exchange turnover charges0.050% Exchange turnover charges (on premium)
Demat Transaction ChargesRs 0Rs 0
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.002% (Rs 200 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Upstox Charges for Currency Trades

Upstox Currency’s commission is Rs 20 per executed order, which is 0.05%. (whichever is lower).

Upstox ChargesCurrency FuturesCurrency Options
BrokerageRs 20 per executed order or 0.05% (whichever is lower)Flat Rs 20 per executed order.
STTNo STTNo STT
Transaction ChargesNSE: 0.0009% | BSE: 0.00022%NSE: 0.035% | BSE: 0.001% (on premium)
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.0001% (Rs 10 per crore) on buy-side0.0001% (Rs 10 per crore) on buy-side

Upstox Charges for Commodities Trades

Upstox Commodity’s brokerage fee is Rs 20 per executed order, or 0.05%. (whichever is lower).

Upstox ChargesCommodity FuturesCommodity Options
BrokerageRs 20 per executed order or 0.05% (whichever is lower)Flat Rs 20 per executed order.
STT0.01% on sell trade (Non-Agri)0.05% on sell trade
Transaction Charges0.0026% (Non Agri) 0.05% (Exchange turnover charges)
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
SEBI Charges0.0001% (Rs 10/Crore)0.0001% (Rs 10/Crore)
Stamp Duty0.002% (Rs 200 per crore) on buy-side0.003% (Rs 300 per crore) on buy-side

Account Opening

Account Opening ProcessOnline And Completely Free
Account Opening TimeLess than 24 hours
Account TypesDemat and Trading Account

Investment Options

EquityYes
Futures and OptionsYes
CurrencyYes
CommoditiesYes
Mutual FundsYes
IPOsYes
BondsYes
Margin TradingYes

Research and Analysis

Research ToolsYes
Trading Ideas and TipsNo
Fundamental AnalysisYes
Technical AnalysisYes

Education and Training

Education and TrainingYes
Webinars and SeminarsYes

Customer Support

Customer Support ChannelsPhone, Email, Chat
Customer Support Timings9:00 AM to 11:00 PM (Monday to Saturday)
Branch NetworkNo

Upstox Trading Platforms

Upstox provides a range of trading tools and top-notch trading platforms to ensure a hassle-free trading experience for all its customers. Let’s take a closer look at these platforms and tools.

Pro Web Trading Platform

Upstox pro Web

Upstox Pro Web is a comprehensive trading platform that comes with a variety of features such as technical indicators and hotkeys for faster trading. Other notable features include:

  • Online assistance to help traders make the most of the platform’s capabilities.
  • More than 100 indicators to choose from, allowing customers to trade like a pro.
  • Extensive market observation and confident trading.

Upstox Pro Mobile: (Mobile Trading App)

๐Ÿš€ Upstox Review 2023: Demat, Brokerage, Trading Platforms, Pros & Cons, Stock Trading๐Ÿ”

Upstox Pro Mobile is a mobile trading app designed for Android & iOS users. It allows for trading in multiple segments such as NSE cash, Futures and Options, and Currencies. Real-time charts with technical indicators and price alerts are available. Some of its other features include:

  • Redesigned features like smart lists, smart filters, and daily market updates that help traders make informed decisions.
  • Professionally developed strategies that can be utilized based on the investor’s risk profile.
  • Maximum profit potential with minimal risk.
Upstox ServicesTrading Platform
User ExperienceDistinctive
Real-time Market InformationYes
Regular Alerts on Stock Prices and SIPsYes
User-friendly InterfaceYes
Technologically Advanced InterfaceYes
Price Alert FeaturesYes
Live Market DepthYes
Advanced Charting ToolsYes
Technical IndicatorsYes
Customizable WatchlistYes

How to Open Demat Account in Upstox

Upstox’s trading tools and platforms are tailored to meet the needs of traders at all levels. From Pro Web Trading Platform to Pro Mobile, Upstox has got you covered Here are the steps to open a demat account online with Upstox:

1. ๐Ÿ”๐Ÿ’ป๐ŸŒ First, visit Upstox Website or Download Upstox App

2. ๐Ÿ“ฑ Enter your mobile number and click on the Continue button.

3. ๐Ÿ”ข You will receive a 6 digit OTP on the given mobile number. Enter the OTP and click on the Confirm button.

4. ๐Ÿ“ง After that, enter your email ID and enter the 6 digit OTP to confirm.

5. ๐Ÿ†” Now enter your PAN number and date of birth, and click on Accept and Continue.

6. ๐Ÿ” To share your Aadhaar information with Upstox, sign in to your Digilocker account. ๐Ÿ‘๐Ÿฝ Click on Allow to Access Aadhaar.

7. ๐Ÿ’ณ After that, enter your bank account information and basic details.

8. โœ”๏ธ Read all the instructions given and click on Continue after ticking all the checkboxes.

9. ๐Ÿ”‘ Now for online in-person verification (IPV), write down the ๐Ÿ”‘ OTP on a paper and keep it in front of the ๐Ÿ“ท camera.

10. ๐Ÿ“„ Upload all your documents ๐Ÿ“„, such as PAN, Aadhaar Card, Cancel Bank Cheque, Signature Verify Photo, and Income Certificate (mandatory only for derivative trading).

11. ๐Ÿ” Now click on e-Sign Aadhaar ๐Ÿ–ฑ๏ธ.

12. ๐Ÿ–ฑ๏ธ Enter your ๐Ÿ”’ Security Code and verify your ๐Ÿ“ง Email ID.

13. โœ”๏ธ Double-check the account opening form and click on Sign in Now ๐Ÿ–ฑ๏ธ.

14. ๐Ÿ“„ Enter your Aadhaar number, enter the ๐Ÿ”‘ OTP to verify and click on the Submit button.

Your application has been submitted! Your Account Will Be Activated with in 24 Hours.

๐Ÿ“ Documents Requirements For Upstox Demat Account Opening

Upstox allows account opening with few documents.

  • โœ… Adhaar๐Ÿ†”
  • โœ… Pan Card๐Ÿ†”
  • โœ… And A Bank Account
  • โœ… Your Signature & Your Photograph
  • ๐Ÿ”*Income proof (Optional): Proof of Income is required if you wish to trade in F&O or commodity.

Upstox Pros & Cons (Advantages & Disadvantages)

Here are some good things about Upstox. Before you open an account with Upstox, you should read about its pros and cons. The pros and cons of Upstox can help you decide if it’s a good Choice for you.

๐Ÿš€ Upstox Review 2023: Demat, Brokerage, Trading Platforms, Pros & Cons, Stock Trading๐Ÿ”

Pros

  • Rs 0 Demat account opening & maintenance charges.
  • Flat Rs 20 per trade for brokerage fees at BSE, NSE, and MCX for all segments, including delivery, intraday, and F&O.
  • Trusted by More than 1 Crore+ Investors & Traders
  • Margin Trading Facility: Equity Delivery Trading with a 2X leverage
  • TradingView charts with 100+ indicators and 20+ drawing tools
  • Availability of Both Mobile App & Web based Platforms
๐Ÿš€ Upstox Review 2023: Demat, Brokerage, Trading Platforms, Pros & Cons, Stock Trading๐Ÿ”

Cons

  • Call and trade fees are an additional Rs 20 per executed order (Rs 20 for brokerage plus Rs 20 for call and trade fees).
  • Research Advisory Services Are Not available
  • Customer Support Service is Not Adequate

Need Help Opening Your Upstox Account?

Upstox provides help for customers who face difficulties opening an account. To get help, you can send an email to ๐Ÿ“ง [email protected] or give a โ˜Ž๏ธ miscall to 022-48789991.

Upstox team will promptly respond and help you with account opening. ๐Ÿ’ป๐Ÿ’ฐ

๐Ÿ‘‰ Open Free Upstox Account ๐Ÿš€

Customer Reviews and Ratings of Upstox

Experience8.9 / 10
Trading Platform7.9 / 10
Product & Services8.9 / 10
Brokerage Charges9.7 / 10
Research8.2 / 10
Overall Rating8.89 / 10
Star Ratingโ˜…โ˜…โ˜…โ˜…โ˜…

Upstox review Conclusion

we analysed Upstox, formerly known as RKSV Securities, has made great strides in recent years, overtaking several larger competitors in the Indian stock brokerage sector, including HDFC Securities, ICICI Direct, Kotak Securities, Motilal Oswal, Angel Broking, etc. 

Because of its competitive pricing, user-friendly design, and state-of-the-art trading platforms, it has quickly risen to the top of the list for traders and investors across India. To create a demat and trading account, Upstox is the best option for those in need of a trustworthy trading platform, solid history, and reasonable brokerage fees.

Please share your thoughts about Upstox in the comments. Please share your thoughts on the strengths and areas for development of this discount brokerage, Upstox. Don’t Miss the opportunity to open free demat account with upstox.

Upstox Registration & Licenses

SEBI Registration No.INZ000185137
NSE Member Code13942
BSE Clrg Code6155
CDSLIN-DP-CDSL-00282534
NSDLIN-DP-NSDL-11496819<br>IN-DP-NSDL-11497282
RKSV Commodities MCX Member Code46510
SEBI Regn. No.INZ000015837
Registered Address807, New Delhi House Barakhamba Road, Connaught Place, New Delhi- 110001.
Correspondence AddressRKSV/Upstox, 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013.

Frequently Asked Questions (FAQs)

What are the fees for opening an Upstox account?

The Upstox Demat Account Opening fees are free of cost.

What are the AMC charges for Upstox?

Upstox stands out as the best stock broker as they offer lifetime no AMC charges.

Is Upstox a safe platform for trading and investment purposes?

Yes, Upstox is a safe and reliable platform for trading and investment purposes. It is registered with SEBI and is a member of NSE, BSE, and MCX.

How can I open a demat account with Upstox?

You can open a demat account with Upstox by visiting its website and completing the online account opening process. You need to provide your personal details and upload your ID proof and address proof documents.

What are the brokerage charges for options trading with Upstox?

The brokerage charges for options trading with Upstox are Rs. 20 per executed order

What is Upstox?

Upstox is a leading discount brokerage firm that provides online trading services in India.

How can I open an Upstox account online ?

1. Go to the Upstox website and click on “Open an Account” in the top right corner.
2. Enter your mobile number and email address to receive an OTP for verification.
3. Fill in your personal details and upload your PAN card, Aadhaar card, and a cancelled cheque or bank statement for verification.
4. Choose the type of account you want to open and the trading platform you want to use.
5. E-sign the account opening form using your Aadhaar OTP or DigiLocker account.

Is Upstox a good or bad platform for trading ?

Upstox is a reliable and trustworthy platform for trading that offers competitive pricing and advanced features.

Is Upstox free to use?

Upstox offers free account opening and maintenance, but there are brokerage charges applicable for trading.

Can I trust Upstox for trading ?

Yes, Upstox is a trusted platform for trading that uses advanced technology to ensure the safety and security of its customers’ funds and data.

How can I buy stocks on Upstox?

1. Login to your Upstox account using your credentials
2. Go to the “Trade” section and select “Equity”
3. Enter the stock name or symbol and select “Buy”
4. Enter the quantity of shares you want to buy and the price you’re willing to pay
5. Review the details and confirm the order
6. Wait for the order to be executed and the shares to be credited to your demat account

Can I buy IPOs through Upstox?

Yes, Upstox allows its customers to apply for IPOs through its platform.

How can I close my Upstox account?

Sure, here’s how to close your Upstox account in simple steps:

1. Login to your Upstox account either through the mobile app or the web portal.
2. Click on your name at the top left corner of the screen.
3. Go to the “Account” tab and click on “Profile”.
4. Click on “View All” option placed next to “Account”.
5. Click on the 3 lines at the top left corner.
6. Click on “Account Closure” under the “Account” section, which will take you to the account closure page.
7. Click on the “Close Account” button.
8. You will be redirected to the “Account Closure Request” page.
9. Choose the reason for closing your account from the options provided.
Click on “Close Account”.

Before submitting the closure request, make sure you have cleared all outstanding dues, closed all open F&O trade positions, sold or transferred holdings from your Demat account, redeemed any mutual funds in your account, and cleared off any Digi Gold balance from your account.

What is a stop-loss order in Upstox?

1. A stop-loss order is an order to sell a stock when it reaches a certain price to limit your losses.
2. In Upstox, you can place a stop-loss order as a trigger order with a limit order attached.
3. For example, if you want to sell a stock at Rs. 100 and limit your losses to Rs. 5, you can place a stop-loss trigger order at Rs. 95 with a limit sell order at Rs. 100.

Can I invest in mutual funds through Upstox ?

Yes, Upstox offers a platform for investing in mutual funds.

Can I buy direct mutual funds through Upstox?

Yes, Upstox offers both direct and regular mutual funds.

What are the different types of orders that can be placed on Upstox?

The different types of orders that can be placed on Upstox include limit order, market order, stop loss order, stop loss limit order, and bracket order.

Does Upstox offer margin funding?

Yes, Upstox offers 2X margin funding to its customers, which allows them to trade with a margin that is higher than their account balance.

Does Upstox charge any brokerage for mutual fund investments?

No, Upstox does not charge any brokerage for mutual fund investments. However, there may be other charges, such as transaction charges and GST.

What is Upstox Pro?

Upstox Pro is a trading platform offered by Upstox that allows customers to trade in equities, derivatives, and commodities on NSE, BSE, and MCX.

How do I withdraw money from Upstox?

1. Log in to your Upstox account and navigate to the “Funds” tab.
2. Click on “Withdraw” and enter the amount you want to withdraw.
3. Select the bank account you want to withdraw the funds to and click on “Submit.”
4. The funds will be credited to your bank account within 24-48 hours.

๐Ÿ‘‰ Open Upstox Account ๐Ÿš€

Also Read our in depth Reviews on other Stock Brokers

Stock BrokerReview
GrowwRead Review
ZerodhaRead Review
Angel BrokingRead Review
FyersRead Review

Disclaimer: The information in this article is only meant to be educational and informative. It should not be taken as financial advice. Investing in the stock market comes with risks. Before making any investment decisions, readers should carefully think about their own investment goals and how much risk they are willing to take. Before making any investment decisions, the reader should talk to a qualified financial advisor.

4.6/5 - (56 votes)
Categories Demat Account, Reviews, Upstox Tags Upstox

Recent Posts

  • Poonawalla Fincorp Reports Impressive Q4 Results with 103% YoY Jump in PAT
  • Voltas Reports 21.6% Dip in Q4 Results’ Consolidated Net Profit
  • Bajaj Finance Records a 30% Rise in Net Profit and Recommends Rs 30 Dividend
  • SBI Life reports 15% YoY growth in net profit for Q4 FY23 Results
๐Ÿฅ‡ Best Demat Accounts 2023
Upstox Logo

๐Ÿ‘‰ Free Account Opening ๐Ÿš€
๐Ÿ’ฏ Zero AMC For Life
๐Ÿ’ธBrokerage :  Rs. 20/Order๐Ÿ’ธ

Open Upstox Account

Angel One Logo

๐Ÿ‘‰Free Account Opening๐Ÿš€
๐Ÿ’ธ Brokerage :  โ‚น20/order ๐Ÿ’ธ

Open AngelOne Account
© 2023 DematOpen.com