This Upstox Review will going to cover all that you need to know before opening a trading/demat account with them, like upstox brokerages, trading platform, different charges, margin, offers and lot more.

As a matter of fact this upstox review has been written only after using and experiencing their services.

Let me start this with a recent data which made me even think to write the review about Upstox, with more than 58,27,803 (5.8 million) active clients and about 7.9 million overall client, Upstox has secured the top second position as per NSE latest data.

One need to understand Upstox have achieved this feat in less than 8.5 years which is great.

Having said that, I have covered the most important points of Upstox review in 11 brief points incase you do not want to read the long detailed guide.

This overall review of Upstox with brief points will tell you all it has to offer to investors and traders.

So without further delay, let us start first with Upstox overall review in 11 brief points and later below you can check them in detailed guide if you want.

Just to let you know the post may be little long as it covers all aspects of the broker in detail, you can move through table of contents for the info you are looking.

Upstox Overall Review:

1. As per the latest data on NSE available, Upstox have highest number of active clients (users) in India, close to 58,27,803(5.8 millions).
2. Upstox have one of the best trading platform for all devices known as Upstox Pro for Mobile and Desktop. You can do fundamental as well as technical analysis quite easily.
3. Upstox trading platform have partnered with third party service integration as well such as Smallcase, Sensibull, Tickertape, Streak etc.
4. Upstox also send free market reports everyday at the market end for analysis.
5. You can Invest and trade in all segments at Upstox i.e. Equity (Stocks), FNO, Commodity, Currency on both NSE, BSE & MCX.
6. Upstox also gives Margin Trading Facility for up to 2X leverage (50% funds) from Upstox for Equity Delivery trading or buying certain stocks and holding them.
7. Upstox do charges one time account opening fee of Rs.249 and Rs.25 p.m. for AMC (Annual Maintenance Charge) at the year end. However you can open a Free Upstox account with Zero AMC charges for a limited time period through this link.
8. Upstox Brokerage charges are lowest in industry, they charge Rs.20 or 0.05% (whichever is lower) and also offers free equity (stocks) delivery trades as well.
9. Upstox also offers brokerage or say commission free direct mutual funds investment (SIP’s)
10. If we talk about Margin at Upstox, after SEBI Rules on Intraday margin every stockbroker is giving same margin throughout India, hence this does not matter anymore.
11. With Upstox you can also invest and trade in IPO’s, NFO’s, ETF, SGB, Digital Gold and many other financial products with so much ease.

Overall, Upstox is one of the best stockbroker if you want to invest and trade in stock market without any doubt, hence rest assured and click here to open an Upstox account online within minutes and get Rs.1000 as free brokerage credit.

Let us now know some of the reason to open an trading and demat account with Upstox:

Reason To Open Upstox Demat & Trading Account?

1. Backed by top investors like Ratan Tata and Tiger Global
2. 70 lakh+ happy customers
3. Up to ₹20/order on Equity, F&O, Currency and Commodity
4. ₹0 demat account maintenance charge
5. ₹0 commissions on IPOs and Mutual Funds
6. 100% paperless account opening
7. ₹0 fund transfer charges via UPI
8. Upstox Pro Web & Mobile app is one of India’s highest-rated trading apps
9. 99.9% uptime
10. Trade across web and mobile without skipping a beat
11. 13 chart types, 105 indicators, 20 drawing tools
12. Place buy/sell orders directly from watchlists, charts, scrip details, market depth, option chain, alerts, positions, traders, orders
13. A single platform to invest in Stocks, F&O, Mutual Funds, Basket Orders, Instant price alerts and updates
14. Apply for new IPOs or NFOs within seconds
15. Enjoy up to 5X leverage on intraday trading
16. View company’s fundamental data – Shareholding pattern, company profile, financial ratios and more to make informed decisions
17. With Upstox Margin Trading Facility get up to 2X leverage (50% funds) from Upstox for Equity Delivery trading or buying certain stocks and holding them
18. Pledge your stocks to gain additional margin for F&O trading
19. Scan through 5000+ stocks by their sector, technical indicator, or fundamental data. Eg. Top Gainers, Automobile Stocks, 52-Week High Stocks etc.
20. With Options Strategy Builder, create an option strategy from Option Chain, add up to 4 orders (legs) and place them all with a single click
21. Switch between ChartIQ and TradingView with just a tap
22. SIP investments starting at ₹100/month
23. Get updates on the latest New Fund Offerings and find detailed information related to a Mutual Fund, its fund manager and performance
24. Trade anywhere on the go with sophisticated platform

I think above reasons are more than enough to open an account with Upstox, So Hurry click here to open an Free Upstox account online within minutes and get Rs.1000 as free brokerage credit.

Below you can read every aspects in a very detailed way about Upstox and its services.

About Upstox:

RKSV Securities later changed to Upstox was founded in 2011, it was founded by Ravi Kumar, Raghu Kumar and Shrinivas Viswanath. RKSV stands for the initials of their names (RK for Ravi and Raghu Kumar and SV for Shrinivas Viswanath) later in 2016 the name has been changed to Upstox.

Upstox is backed by none other than Ratan Tata, Kalaari Capital, GVK Davixa and Tiger Global, recently they have announced building technology and platform to trade in US markets as well by next year. Upstox is a SEBI registered discount broker and member of NSE, BSE, MCX.

You can trade and invest in different segments such as Equity, Derivatives, Commodity, Currency Futures, Mutual Funds, IPOs. They are depository participant (DP) for both NSDL and CDSL.

As I have already told you they have more than 7 million active client base and total client is near about 10 million which makes them one of the reliable and best brokers for both trades and investors. There office is registered at New Delhi and also has a correspondence office in Mumbai.

Let us go ahead and discuss about the various features and services offered at upstox.

Upstox Review On Margin:

Margin in stock market refers to buying/selling of securities (shares) by borrowing money from your broker. This is very much similar to taking loan for short period of time. This helps traders in buying or selling more with less money in intraday trading.

If you are an active trader or a beginner who knows what exactly going on with recent changes brought by SEBI, Higher Margin won’t be a factor anymore, now the competition among the broking industry is in terms of better trading platforms and lower brokerages plans.

The upfront margin collection in cash segment has been kept at flat 20%, which means now the leverage for all stocks would be 5x also the penalty provision for short-collection/ non-collection of upfront margin in cash segment.

This means regardless of any broker you won’t get more than 5X times margin in equity cash segment and in FNO you need to have the full margin span+exposure to take any position.

You can read more about it here.

Therefore, the margin or leverages offered will be equal irrespective of the stock brokers in India going forward. Keep in mind this also applies to Currency and commodity derivatives as well.

For example: if there is a 20% margin requirement on a particular stock, then you will have to pay only Rs.20 to buy a stock of Rs.100. Another way to look at it is that if you have Rs.100, you will be able to buy five stocks instead of one.

Hence, the margin requirement will be same for all brokers including Upstox for intraday trading in equites and derivatives.

One need to understand taking more margin means more risk and chances of your money getting wiped out is even more, so it is always advisable to use it in limited way.

So going forward please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India.

Upstox Review On Brokerages:

Brokerage is something which as a trader and investor one should always be looking at before choosing the broker.

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.05% of 20000, is Rs.10 so they will charge that instead of flat Rs.20.

Moreover for investing in mutual funds there are no brokerage or commission is charged at upstox at all.

Overall the brokerage charges at upstox are quite low and decent in comparison to other brokers.

What Are Upstox Account Opening Charges?

The account opening charges at upstox depends on the plans you take:

For Retail Clients:

Demat and Trading account– You can choose from a plan of Rs 249 and get brokerage credit worth Rs 1000.

Keep in mind this charges are only a one time fee for opening the account as per your wish.

There will be a monthly maintenance charge of Rs 25 (excluding GST), which will be charged at the end of every month.

The AMC charges will be debited from your Trading a/c.

However, as a limited period offer you can open an trading and demat account for free in upstox and also Get additional benefits such as 1000 brokerage credit with Upstox when you open an account through this link. 

How To Open Upstox Account Online?

The account opening process is quite simple and can be done in 3 easy steps. To open an account online, you can sign up using your mobile number through this link. You will receive an OTP to your number and you can get started with the process.

You will be required to enter your PAN, bank account details and personal details to continue with the sign-up.

Once you sign up you need to upload certain documents as listed below.

Documents Required To Open An Online Account with Upstox:

In order to open your demat account, you will require the following documents.

1.         Identity proof: PAN Card
2.         Address Proof: Driving license/ Voter’s ID/ Aadhaar Card/ Passport/ Rent Agreement (Registered)/ Latest utility bill (which has the name of the account holder)
3.         Income Proof (not required for Equity and MF): Bank Statement (last 6 months)/ Salary slip (last 3 months)/Latest ITR copy or Form 16
4.         Signature copy: Your signature on a blank sheet of paper

To make your account opening process convenient and concise, Upstox uses IMPS to verify your bank details and thus, does not require you to submit bank account proof.

Please note: In case if the PAN isn’t KYC compliant, you will need to open your account via In Person Verification (IPV). For this, you will need to upload two videos of 10 seconds each; one with your PAN Card in hand and other with the Address Proof document in hand.

What are Other Charges At Upstox?

The following types of charges are levied on your trades at upstox:

1. Brokerage charges- A flat Rs. 20 fee charged by Upstox for all intraday trades.
2. STT- The Securities Transaction Tax is a direct tax levied on every purchase and sale of securities.
3. Transaction charges- This is a charge levied by the exchange on every transaction placed.
4. Clearing charges- This is a charge levied by the exchange for clearing the trade.
5. GST- A Goods & Services rate of 18% is levied on every purchase and sale transaction of securities.
6. State stamp duty- This duty is levied on the value of shares transferred and varies as per the individual state.
7. SEBI turnover fees- This fee is charged by SEBI on the purchase and sale of all securities.

What are Square-off Timing At Upstox?

Square-off Timing At Upstox for all MIS/BO/CO orders by yourself anytime before 3:15 p.m. for Equity and F&O; 4:45 p.m. for Currency derivatives and 11 p.m. for MCX segment via Upstox trading platform.

What are Square-off Charges At Upstox?

For all the MIS/BO/CO open positions squared-off by RMS team of upstox at the usual intraday square-off times as mentioned above, you will be charged auto square-off charges of Rs. 20 (Plus GST of 18%) per order. A flat Rs. 50/- will be charges for OFS (Offers For Sales) & buyback/takeover orders.

To avoid auto square-off charges, you can square-off your positions yourself before the RMS square-off timings.

What are Call and Trade Charges At Upstox?

Upstox offers you to place order by call and trade which will be charged Rs.20+GST per order through phone and you can modify an order as many times you want to during a day.

What are DP transaction charges At Upstox?

Demat transaction charges are Rs. 13 plus Rs. 5.50/ – (CDSL Charges) per scrip exclusive of taxes.

The CDSL & NSDL are the depositories that charge the DP charges as a source of their revenue. Depository Participant charge is levied any time you sell shares from your demat account. This is akin to Exchanges like BSE and NSE charging a transaction fee.

What are Fund Transfer Charges At Upstox?

You can transfer funds instantly using ATOM service at a charge of Rs. 7 per transaction. Upstox have tie-ups for pay-in with 20 banks called ATOM service, from where you can transfer funds instantly.

Also, ₹0 fund transfer charges via UPI

If you do not hold an account in any of these Bank you can do an NEFT/RTGS transfer.

What are Fund Withdrawal Timing At Upstox?

If you wish to withdraw funds, you can put a request from our Upstox trading platform or from our Back office portal, from which you can simply place a request for your withdrawal.

Withdrawal request should be placed before 8:45 am for the funds to be transferred on the same day else it will be done on the next day at Upstox.

click here to open an Upstox account online within minutes.

Upstox Review On Trading Platform:

The most important factor to consider before opening an account with any broker is trading tools and software’s it has to offers its clients.

Upstox have one of the best trading platforms for traders and investors in India, in this section we will discuss all the trading platforms by looking inside them and seeing how they function.

Upstox have partnered with three major desktop based trading platform apart from one browser/web based and mobile based platform:

If we talk about the desktop based trading platform at upstox unlike other stockbrokers who only either have a dedicated platform built in-house or partnered with others, Upstox offers it clients 3 desktop based platforms free.

1. NEST Trader
2. Dartstock
3. Foxtrader

All of them offers different functionalities, tools, resources however it won’t be possible to discuss all of them as the post will be become unnecessary long,  instead will see the features in brief and what to expect from them.

Upstox NEST Trader/Darstock/Foxtrader – They all are desktop based trading platform, which means you can download the software and can install it on you PC or laptop.

The file size is only around 25 MB which is quite low and gets downloaded easily. You can use it by logging in through client id and password given after account opening an start placing trades online.

Upstox PRO WEB – It is a is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

Upstox Pro Mobile App – It is a mobile based app,  you can use and place your trades in mobile itself instead on logging to your desktop or laptop.

Let us see each trading platform offered by upstox and their functionalities.

Upstox NEST Trader Review:

First of let me tell you this image in taken directly from trading terminal. Leaving aside that, I was amazed with great tools and resources this desktop based platform has.

The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.

If you trade in Futures or Options than this downloadable platform is worth using. You have different tools to help you in trading FNO such as option greeks calculator, option chain, implied volatility tool, black and Scholes calculator in-built.

Moreover you can customize anything that you want through drag and drop feature as well as make changes to settings in few steps.

Having said that what I did not like about the nest trader downloadable version is the charting tools, it is because you have to sign up to nest plus which is of course free plugin to start using the technical charts and tools.

Although it won’t take much time to do so, but it may have been done in such a way so that a user do not need to do any registration.

Overall below are some basic features in a nutshell that you can expect  from nest trader software.

Basic Features of NEST Trader

1. Semi-Auto Trading is available through here with the help of AmiBroker or Ninja Trader
2. It has a feature to run real-time time data by exporting it to excel.
3. It can be operated from any part of the world!
4. NEST plus provides a plugin to use charts. This is a free tool but NEST Plus also has various paid packages which includes technical and news based features. These features can be executed on the platform.
5. It also gives the customer the ability to check how much SPAN margin is available for NFO Expiry contracts by giving the customer the calculation required to check the margin. This facility is greatly beneficial for those who want to check on how much is initial margin is required on a real time basis for positional and intraday trades.
6. Another tool that it offers are VWAP statistics. These statistics help fetch the minute by minute OHLC with the value weighted average prices.
7. NEST Trader also allows you to open Option chains where Calls and Puts of a single script with all possible strike prices for a single expiry can be seen visible on a single screen. Buys and Sells of options are directly possible through this option chain.

click here to open an Upstox account online within minutes.

Similar to above let us see some features for Foxtrader and Dartstock platform.

Upstox Dartstock Review:

Upstox has partnered with iDarts to offer you the Dartstock software for free, it offers valuable features and insights  that you won’t find it with any other broker, few of them are listed below:

Scanners: It comes with four predefined scanners which are:

• Trend scanners
• Live scanners
• Open vs. high/low
• Opportunity finders

These scanners help you set particular criteria and find the right stocks that meet your criteria.

Scans markets for trades with filters depending on Quantity, Traded Value, Index, Sector or personalized watchlist group. Scans markets for scrips in Equity & Futures segments. Highs & Lows of the day, 1 week, 2 weeks, 1 month, 1 year.

Spots trends when market is in Bullish Zone or a Bear Zone. you can also tracks changes in Open Interest in any particular scrip or whole index.

Check out Futures % Spreads between Near & Spot, Near & Next, Next & Spot. Shows volumes for all equity scrips in the watchlist. Shows % roll over for all equity scrips in the watchlist.

One can also create scrips breaching Resistance or Support levels automatically. Also create special watchlist for those scrips with exceptionally high traded volume.

One can also create scrips that have recovered most from a low and those that have fallen most from an intraday high.

Overall the Dartstock desktop based trading platform offered by upstox is a great platform and has all components one may need for effective trading and investing.

The third or last one in the list is Foxtrader desktop based platform by Upstox. To summarize it also offers similar features like Nest and Dartstock, however it is more effective to create back testing strategies.

It has more than 300+ studies, 200+ conditions & ways to analyze past data.

You can also run fully automate strategies on charts & scanners. Generate planned and fast orders with the help of API from any third party such as Ninjatrader or Amibroker etc.

Upstox Pro Review:

As mentioned above upstox pro is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.

Instead of downloading the software you can simply open this in any browser and start your trading and investing.

Let us know more about it.

Upstox pro is a powerful drag and drop tool that can be easily customize and have more than 100+ technical tools studies, resources to do advanced technical analysis.

All the major indices are already mentioned in the left, so you no need to create a separate watch-list for them. Create a new watch-list or use pre- made watch-list easily.

You can Choose and use the best candlestick patterns or other different types of chart such as Renko chart, Bar chart etc.

What is most important for a trader or investor is the technical analysis tools and resources in any trading platform.

Upstox Pro Web version has all the required charting and more than 70+ indicators indicators like major ones MACD, BOLLINGER BANDS, RSI, S&R, Volume etc.

You can also directly withdraw or add funds to your trading account from platform.

Overall the web based version at upstox have all the prerequisite required to best among its key competitor brokers such as Zerodha, 5Paisa, Fyers etc.

Upstox Pro Mobile Review:

Upstox Pro is the mobile trading app, it has inbuilt all the major tools, indicator and resources what we have seen in upstox Pro web based platform.

Upstox Pro helps you trade and analyze the Indian stock markets in real-time. Cutting edge charting tools, and live market data make it one of the most renowned stock market trading apps in India.

You can download and experience the trading app for free from play store or Apple App Store. You can track and analyze stocks on-the-go.

Key Features of Upstox Pro Mobile App:

1. Universal search tool to find simple and complex stocks.
2. Access to NSE cash, Futures and Options, and Currencies scrips
3. Cutting-edge charting tools that are above industry standards
4. Charts of multiple intervals, types and drawing styles
5. Apply 100+ technical indicators on real-time charts
6. Trade directly from charts with the Trade From Charts (TFC) feature
7. Set unlimited number of price alerts for instant updates
8. Create unlimited number of customized watchlists
9. Receive real-time market feeds to stay on top of your scrips
10. Access predefined watch-list of Nifty 50 and other indices
11. The ratings on play store for upstox mobile app is 4.5 which is much better than any other broker.

With Upstox Pro mobile app you can make the most of stock market investment and trading. Apart from this upstox also has an API for developers who wants to create their own platform in programming languages such as python.

So far we have discussed and covered the major aspects of upstox as an stock broker. However there are few other things one should also pay attention too, as mentioned below.

Click Here to open an account now with upstox

Types Of Orders At Upstox:

You can place all the regular types of orders using the Upstox. You just have to click the scrip that you are interested in and click Buy or Sell and choose the type of order you want to place.

One Cancels Other (OCO) The one cancels the other order or sometimes known as bracket order is three legged intraday order.

In Bracket order you can place buy/sell price, at limit or market rate, with a a stop-loss and a target fixed. The benefits of multiple orders placed through bracket order is, it allows you to fully automate your trade.

As you have already given all the information to exchange about your order, you risk get reduced and the margin offered to you by broker gets exponentially high. It is only useful if you are placing intraday trades.

In cover order (CO) you can buy (or sell) shares with keeping it as market price or limit price and can also put a stop-loss.

Let us take an example to understand it better:

Suppose you want to buy a share however you want to buy it a limit price of your choice. Currently stock is trading at Rs.80 you can place a cover order by keeping the buying price at Rs.75 and stop loss as Rs.70 .

The moment stock comes to Rs.75 or lower than that your limit order will get executed & stop-loss order will be placed. In case if stock fall to Rs.70 this stop-loss order will also get executed. You can see your profit/loss in admin position.

One of the major benefit of cover order or bracket order is, it reduces your risk or exposure in market. By using cover order, you are lowering your risk and ensuring that your losses are limited. Moreover you will get additional leverage or margin if you use CO order. You can place cover order only for intraday trades not for delivery based.

In normal order window the margins are lower in comparison to BO,CO. You can put price at which you want the order to get executed, also you can change your intraday position to delivery using this order in case you want to hold the stock.

However there is no place to put stop-loss or target, you have to square off your position by your own. Just to let you know the white mark you see is my client id which I have removed.

After Market Order (AMO) AMO or After Market Order is for those people who are busy during market hours but wish to participate. You can plan your orders at leisure after researching about the markets before the market opens and place an order after the market closes.

You can place the AMO order between 6:30 PM and 12:00 AM or between 4:00 AM and 9:00 AM. The after market order will be executed at 9:15 AM at the start of the next trading day.

Upstox Review On Mutual Fund Investment Platform:

Investing in mutual funds whether through a regular SIP or Lumpsum investment can be done easily using upstox mutual fund platform and it is free for use.

There are direct as well as regular funds to choose from, you can also filter and see different categories and types of funds. You can make investment in this mutual fund with as low as Rs.500 per month.

There are lot of options available to make comparison with historical data about the different funds and its growth.

Upstox With Smallcase:

Recently, on November 1,2020 upstox partnered with smallcase, you may or may not have heard of smallcase, so let me tell you in brief about smallcase first:

smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. Upstox in association with smallcase helps investors to pick pre-build well researched portfolio.

When you invest using smallcases, you own the stocks that you buy, and they reflect in your demat account. Unlike Mutual Fund units, with smallcases, you hold the stocks that comprise the portfolio.

You can pick and choose what you want to do with the individual stocks that you now own.

Importantly, you’re entitled to dividends coming from the stocks you purchase via smallcases. In the case of mutual funds, you don’t get any dividends.

Next, your smallcases are highly configurable. Suppose you see that one of the stocks in your smallcase isn’t performing well, you have the option to remove or replace it.

Third, there’s no lock-in period when investing via smallcases.

This way, you get to sell the stocks you hold whenever you choose to. Finally, smallcases solve a crucial Issue: systematic investment plans (SIPs) using stocks. This way, you get to accumulate your favorite stocks over a period of time.

Above all, you don’t need to create a new account, so there’s no hassle of registering on a new app. Log in using your Upstox credentials and start investing right away!

My Opinion On Upstox:

Upstox as an stockbroker has made its place in the Indian stock broker industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.

They are now at the second position in India for having the most active clients and can be trusted without any doubt.  The charges and brokerages are very much reasonable in comparison to any other stock brokers, if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought.

So, if you are more of a trader making intraday trades on daily basis and looking for investing and trading in other segments than you should go with Upstox without any doubt.

To open an account with Upstox right away click on this link.

If I have to rate upstox overall as an leading discount broker I will give it 9.5 out of 10, So, go ahead and open an account now there is nothing to lose its a win-win deal.

If you are a beginner in trading and investing, please read this amazing guide on how share market works in India?

Are you looking to invest a lumpsum amount in any fund, than you must know the future value of your investment. Use moneycontain lumpsum sip calculator with inflation here to calculate it easily in 3 steps.

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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.