Upstox Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Upstox Review here. Upstox has garnered immense popularity with its simple yet effective trading solutions.

It has made the life of traders and investors easy with its continuous effort towards building a brokerage house that every investor and trader can opt for.

In this Upstox Review, you will learn about the benefits of trading with the broker, offers it comes up with now and then, Upstox Charges, and also about the threats and weaknesses of the brokerage house.

This will be an all-in-one article for those seeking the right broker for their trading needs.

Why Trade or Invest with Upstox?

If you are wondering why you should open a Upstox Account, then here are the USPs of the broker –

• It offers easy accessibility to the account with your biometrics and contact details.
• You can trade from any platform, whether a mobile trading app, browser platform, or trading terminal; all have great features.
• Though it is a discount broker, it helps you make informed decisions. Are you wondering how? So, Upstox offers tools that smart filters for stocks and securities for screening stocks, charts and trading indicators, and a lot of other technical tools for trading.
• Onboarding on Upstox is super easy. It takes a few minutes of yours, and your account will be live. All you need is to upload a few documents, and with the eKYC facility, you will be able to start trading within the same day.
• Various orders like GTT, AMO, and others offer traders a way to minimize their losses and reduce risks. You can use them all when you are trading with Upstox.

The brokerage charges are one of the crucial factors determining the choice of a brokerage house.

The Upstox Brokerage is quite simple for the clients as it has a standard plan for all. Upstox charges –

• Zero subscription fee
• For intraday and all types of future contract trading, the brokerage is Rs. 20 or 0.05%, the lower amount of the two.
• For the delivery segment, the charge is Rs. 20 or 2.5% (lower of the two)
• For any option contract trading, the brokerage is flat Rs. 20 per trade.

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How to Open Upstox Demat Account?

Check the end to end process to open an upstox account.

• To open Upstox Demat Account, you need to fill out the form given here for a Demat Account opening.
• Enter all your details like your name, contact number, city of dwelling, and email ID, check them twice, and submit the form.
• The Upstox executives will call you upon receipt of the details
• They will guide you about eKYC. You will have to upload documents such as PAN, AADHAAR, and Cancelled Cheque for verification and amount opening
• Once the verification process gets over and your details are approved, you will receive the details of your account and login credentials.

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Upstox is a tech-first brokerage house; thus, in this Upstox Review, one of the main aspects we will cover is the trading platform.

Upstox offers multiple trading platforms and tools, such as:

• The web-based trading platform known as Pro Web
• The mobile trading platform is known as Pro Mobile
• Upstox x TradingView, which is an all-in-one dashboard for active and advanced traders
• Trading platform for mutual funds and IPO

Here are the various platforms & tools provided by upstox & their innovative features.

Upstox App

To start with, we have the Upstox App, which is the mobile trading platform of Upstox; it is known as Pro Mobile.

The features which make this mobile trading application stands out are –

• Integrated and powerful trading charts on your mobile screen for analyzing the market with your fingertip, anywhere and anytime
• Pre Order features which include Cover Orders, Bracket Orders, and placing an order with Pro Mobile, a super-fast experience
• You can set up multiple alerts for the price movement of your favorite stocks and other securities. So that you do not have to miss out on an opportunity.
• The Pro Mobile app is available for both Android and iOS users. You can download from Google Play Store and App Store for respective users.

Upstox Web Trading Platform

Pro Platforms also includes a web-based trading platform for the users. It is an HTML-based trading platform that has some unique features to woo traders –

• Apart from a wide range of integrated charts for analyzing your trading strategies, Pro Web has hundreds of trading indicators. These indicators help in analyzing the charts in a lot better way and help you trade as a pro.
• You can personalize the platform as per your preferences and add widgets of your choice.
• Pro Web requires no download; you only need an Upstox Account to log in to the platform and use it.

Upstox X TradingView

This is a platform that is a mix of Upstox and TradingView; both have come up with their best tools for this platform.

The Trading View charts are one of the best technical charts for analyzing securities, and Upstox’s advanced technology merged with that made a fantastic platform.

The features of this platform are as follows –

• You can directly place orders from the Charts
• The charts are highly advanced with a lot of analytical tools to use on it
• There are multiple sets up for the charts
• It is an all-rounder dashboard for active trader
• When you open Upstox Account, this platform comes for free with no ads or any such thing.
• You can trade across segments from Equities to commodities.
• The charts are available for multiple time frames, from daily to monthly.
• With this platform, you can open eight screens simultaneously; isn’t that amazing?

Upstox Mutual Fund Investment Platform

Upstox offers a wide range of Mutual funds as well. You can access and invest in these mutual funds from your Pro Mobile or Pro Web apps.

However, for mutual funds, there is a separate segment with multiple filters and resources to find out the best mutual fund scheme for yourself.

You can filter out funds based on the fund house, type of funds, Growth or IDCW option, and more.

The Upstox offers that you can count on includes –

• No-cost account opening. Yes, you can open your Demat and trading account with Upstox for free
• Flat brokerage plan for all the users
• Referral offers up to Rs. 700 for each amount opening. This is quite high compared to the peers.
• Margin trading facility and offers

Upstox SWOT Analysis

Check out the SWOT Analysis of Upstox. Use this fantastic analysis to learn about this broker & make your decision about whether you want to invest or trade with Upstox.

Strength

• Upstox is backed by Ratan Tata, Kalaari Capital, and similar brands, which makes the brokerage house stands out from day one.
• It is safe and secure for all its users
• The brokerage charges are super reasonable
• Upstox offers exceptional technology in the form of trading platforms and tools to enhance the users’ trading experience.
• Wide range of products which is usually rare with other discount brokers

Weakness

• There are no research and advisory facility as it is a discount broker
• The customer service of Upstox is not up to the market
• Too many discount brokers in the industry and even traditional brokers are invading the space now.

Opportunities

• Indian economy is growing, and if the experts have to be listened to, then the next ten years of India. This means growth in the stock market and growth of Upstox.
• Retail investors are becoming aware of stock market investments and trying to explore them slowly but steadily.
• Evolving technology helps the broker to offer better solutions to the users.

Threat

• Online frauds are a massive threat to online trading. However, Upstox has super built-in security measures.
• Foreign stock brokerages are invading the Indian stock market as it explodes.
• Multiple mandates by SEBI often break the flow of investments and trading

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Since Upstox is a discount broker, it offers limited Research and advisory services. When you open a Upstox Trading Account, you will get fundamental reports and IPO reports for free.

IPO reports are an integral part of the research services offered by the broker. It helps people who are looking to invest in IPOs to find out the best upcoming IPOs.

If you are considering trading using Upstox Margin, you must know that every segment has different exposure. For instance,

If you are trading any of these segments mentioned below, then you will get 1.3 times exposure. It means if you have Rs.10,000 in your trading account, then you get to trade securities worth Rs.13,000.

The segments include –

• Equity Futures and Options
• Commodity Futures and Options

Now, if you want to use a margin facility for equity intraday, then you can trade stocks worth Rs.50,000 with Rs.10,000 in your trading account, for instance.

This means you can get exposure up to five times. However, the exposure will depend on the stocks you want to trade.

For the other segments, there is no exposure; you will have to use your capital to trade for those segments.

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Though Upstox is a discount brokerage house, it offers Trading support and Dedicated Dealer support.

These are paid Upstox Customer Care services. Apart from these paid services, there is call support for all users.

You can call them at 022-41792999 or email them at [email protected].

Though customer support of Upstox needs improvisation, out of a total of 299 lodged Upstox Complaints, the broker has resolved 258, which is quite commendable.

Also, you need to note that 9.36% of the complaints are non-actionable.

Upstox Charges

As you all know by now that the brokerage Upstox charges are very reasonable, and the maximum brokerage per trade can be Rs.20.

However, apart from brokerage charges, there are other charges which, as a trader or investor, you need to know.

Here will discuss mainly the Upstox Account Opening Charges and Upstox Hidden Charges.

• There are no account opening charges for Upstox. Anyone can open it for free.
• The annual maintenance cost is also among the lowest in the market. It is only Rs. 150 plus GST.
• The hidden charges include SEBI turnover charges of Rs. 10 per crore of transactional value.
• DP charges which are Rs. 18.5 per scrip on the sell side
• GST at 18% on the brokerage plus transaction charges and SEBI turnover charges.
• For the dematerialization of your securities, you will have to pay Rs. 20 for each certificate.
• If you want to opt for Call & trade facility, then it is Rs. 50 plus 18% GST for each trade executed.

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Upstox Review – Conclusion

We hope you have found the information related to Upstox that you need in this Upstox Review.

Before opening an account with any brokerage house, you need to evaluate the brokerage charges, the services and products they offer, and how efficiently they take care of their customers.

FAQs on Upstox

Here are various FAQs related to Upstox Review.

Is Upstox a Safe Broker?

Upstox is a brokerage house backed by Tata Group and registered with SEBI, a major stock exchange. So you can trust Upstox for your trading needs.

Is Upstox Good for Beginners?

Upstox can be excellent for beginners as the brokerage charge is simple and reasonable.

Moreover, Upstox offers different learning resources which beginners can use to learn about the market and trading.

How many active clients does Upstox have?

Upstox has over 38 lacks of active clients. The actual client base is much broader, but the active clients are crucial for the broker and the users.

Who is the Founder of Upstox?

Upstox was founded by Ravi Kumar, Raghu Kumar, and Shrinivas Vishwanath in 2011.

Does Upstox provide Free Delivery Trading?

No, Upstox charges the least of Rs. 20 or 2.5% of the amount per trade for the delivery segment.

What are Intraday Trading Charges in Upstox?

Upstox’s equity intraday brokerage charge is the lower value of Rs. 20 or 0.05% of the transaction for each trade.

What are Upstox F&O Charges?

For the Futures and Options segment, the brokerage varies. The equity futures segment is lower at Rs. 20 or 0.05%, and for the equity options segment, it is flat at Rs. 20 per trade.

Does Upstox charge for Commodity Trading?

Yes, Upstox charges Rs. 20 per trade for the commodity options segment, and for the commodity futures segment, it is lower than Rs. 20 and 0.05% of the transaction.

Does Upstox charge for Currency Trading?

Yes, currency trading is chargeable at Upstox. For currency futures, you must pay a maximum of Rs.20, while the lowest can be 0.05% of the transaction. While for currency options, it is flat Rs.20 per trade.

Does Upstox provide Research?

Upstox offers few research resources, such as fundamental reports and IPO reports. However, with advanced tools and trading platforms, you can conduct your Research smoothly.

How to contact Upstox Customer Care?

You can call them at 022-41792999 or email them at [email protected].

How much is AMC in Upstox?

Upstox charges a very low annual maintenance charge of Rs.150 per year, excluding GST.

What are Account Opening Fees in Upstox?

There are no account opening fees in Upstox as the brokerage house charge nothing for account opening.

What are Pledge Creation Charges in Upstox?

To create a pledge in Upstox, you have to pay Rs.50 per request.

How much are Pledge Invocation Fees in Upstox?

For invocating pledges, you have to pay Rs.50 per request as well.

Does Upstox levy any Interest on Margin Trade Funding?

Yes, Upstox charges a nominal interest of 0.048% on margin funding per day of margin used.

What are DP Charges in Upstox?

The DP charges at Upstox are Rs. 18.5 per scrip. It is applicable only on the sell side.

Does Upstox levy any Account Closure Fees?

There are no account closure charges at Upstox. It is free of cost.

What are Account Reactivation Fees in Upstox?

For reactivating your account with Upstox, you do not have to pay any charges. It is free for every user.

What are Call & Trade Charges in Upstox?

The Call& trade facility is available for Rs.50 per trade excluding GST.