Upstox Review in 2021: Upstox (earlier known as RKSV Securities) is the top discount broker in India, good for traders who look for low brokerages, high margins, and decent trading platforms.
Upstox has competitive pricing, helpful trading tools, and an easy-to-use trading platform. With no account opening charges and hundreds of direct mutual funds on offer, it’s easy for beginners to get started, while active investors will appreciate Upstox commission-free delivery trades on India securities.
RKSV stands for the letters of the owners of the company namely, Ravi Kumar, Raghu Kumar, and Srinivas Viswanath,
In this article, we shall checkout Upstox Review in 2021 and understand their advantages and disadvantages, customer ratings with regards to brokerage charges, trading platforms, and client support, etc.
Currently, they are operating from three locations-
- Mumbai
- Delhi
- Bangalore
Upstox offers services across all segments like Equities, Future, Options, Currencies, and Commodities.
Contents
- 1 Types of Upstox Accounts
- 2 Upstox Brokerage Charges 2021
- 3 Upstox Account Opening Charges & Annual Charges
- 4 How to Open a Demat Account with Upstox
- 5 Upstox Products and Services
- 6 Upstox Review 2021 – How Many Platforms Are For Trading On Upstox
- 7 Upstox Customer Care Number & Email Ids-
- 8 Upstox Review 2021: Upstox Pros and Cons
- 9 Upstox Referral Program- Upstox Review 2021
- 10 Upstox Review 2021- Final Thoughts
Types of Upstox Accounts
There are generally two types of accounts you can have at Upstox –
- Securities Account
- Commodities Account.
A securities account can help you perform trade on Equities, F&O, and Currencies on NSE and BSE.
On the other hand, Commodity accounts let you trade commodity futures on the MCX. You can view your balance for equities and commodities in two separate tabs.
Upstox offers two types of account that are given below-
Special Link To Open FREE Upstox Account
Upstox-
Upstox (Up Stocks Basic) enables basic trading features in the Equity Delivery segment through mobile and website. RKSV doesn’t charge any brokerage for trading the Equity Delivery segment using Upstox.
Upstox Pro ( ₹20 per trade)
This is a paid service that refers to advanced users or even the frequent traders in places like Indra-day & F and O segments.
Apart from the features offered in Upstox basic, the Pro provides additional features such as analysis, trading, monitoring of socks, stock, commodities, F & O, and currencies.
It also has options charted for professional and advanced traders for additional analysis. Their wide range of features like chart type, indicators among others is also quite alluring. Their UI is rich in data and easy to use.
Upstox Brokerage Charges 2021
The enticing feature about the discount brokers is the minimal cost they charge. Upstox too is popular with its catchy advertisements about ₹20 flat brokerages per trade. It means that the charge is irrespective of the size of trade and in fact the segment of the trade.
Upstox brokerage charges the lower of ₹20 or 0.05% of the trade. This is a real deal for those losing much of their amount paying brokerage.
Moreover, equity delivery trading requires no brokerage.
Upstox Charges | Equity Delivery | Equity Intraday |
Brokerage | Rs 0 | 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 Chages | Rs 5/Crore | Rs 5/Crore |
Stamp Duty | 0.015% (Ra 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Since the mission of this setup revolves around offering “great price” the brokerage and fee components are pretty decent and light on the pocket.
As mentioned above, RKSV set a trend of having certain blanket plants wherein on a fixed charge basic, one can trade without any restrictions on the number of transactions.
- Equity delivery – Fee/Charge
- Intraday – Lower of Rs 0.01 or Rs Rs 20 per order traded
- Other trades – Rs 20 per order traded
Upstox offers investors a unique way to enhance their leverage margin for trading. It lets the investors keep their investment/shares as collateral and corresponding to the value of such investment, it enhances the trading margin.
For convenience, it does offer a fee/brokerage calculator like most of the other competitors do.
RKSV does not levy any restrictions like maintenance of certain minimum balance, maintenance of account status. It does not even charge any account closure fee or software fee which some brokerage houses might levy.
Upstox Commodity Charges
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 | Rs 5/Crore | Rs 5/Crore |
Stamp Duty | 0.002% ( Rs 200 per crore) on buy-side) | 0.003% ( Rs 300 per crore) on buy-side) |
Upstox Currency Charges
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 | Rs 5/Crore | Rs 5/Crore |
Stamp Duty | 0.0001% ( Rs 10 per crore) on buy-side) | 0.0001% ( Rs 10 per crore) on buy-side) |
Upstox Equity F&O Charges
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 |
GST | 18% (on Brokerage + Transaction Charges ) | 18% (on Brokerage + Transaction Charges ) |
Demat Transaction Charges | Rs 0 | Rs 0 |
SEBI Charges | Rs 5/Crore | Rs 5/Crore |
Stamp Duty | 0.002% ( Rs 200 per crore) on buy-side) | 0.003% ( Rs 300 per crore) on buy-side) |
Upstox Charge Explained:
- STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
- Stamp Duty: Charges based on the state the customer is located in.
- Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
- SEBI Turnover Fees: This is charged at Rs 5 per Crore.
Other charges (Upstox Broker Hidden Charges/Fees)
- Call & Trade: Rs 20 per executed order
- Physical contract notes: Rs 25 per contract note plus courier charges. (Digital contract notes are free.)
- Instant Money Transfer Fee: Rs 7 per transfer.
Upstox Account Opening Charges & Annual Charges
- Trading account opening charges: Free
- Demat account opening charges: Free ( Limited Period Offer) Click here to avail the offer)
- Trading Annual Maintenance Charges: NILL
- Demat Annual Maintenance Charges (AMC): Nill for the first year and Rs 150 from the second year onwards.
Upstox Brokerage & Span Margin Calculator
As per the above-given table chart, the broking house provides the highest leverage of up to 15x on the NSE/BSE Cash segment, precisely for Priority Plan, The company is providing good leverage on equity intraday and equity option.
CO/OCO Orders | ||
Segment | Basic Plan | Priority Plan |
NSE/BSE Cash | 15x | 20x |
Index Futures | 3x | 6x |
Stock Futures | 3x | 3x |
Index Option Sell | 3x | 4x |
Stock Option Sell | 3x | 6x |
NSE Currency | 4x | 4x |
MCX Futures | 2.5x | 3x |
Upstox also offers a unique scheme for the customers who are interested in getting more leverages called Priority Pack.
In Priority Pack, you need to pay monthly charges of Rs 999 for Equity, F&O, and Currency and Rs 499/month for Commodities. Also, instead of Rs 20/trade, the brokerage charges will be Rs30/trade for priority pack users.
With Priority pack, you will get a margin up to 25x in the Cash Segment and up to 4 times in MCX futures.
Upstox (RKSV) Registration and Contact Information:
- NSE CM: INB231394231
- NSE F&O: INF231394231
- NSE CDS: INF231394231
- CDSL: IN-DP-CDSL- 00282534
- NSDL: IN-DP-NSDL-11496819
- BSE CM: INB011394237
- BSE F&O: INF 011394237
- CDSL: IN-DP-CDSL-00283831
- NSDL: IN-DP-NSDL-11497282
- Upstox Commodities MCX Member Code: 46510
- FMC Regn. No. MCX/TM/CORP/2034.
How to Open a Demat Account with Upstox
For buying and selling securities like mutual funds, shares online, having a Demat account is essential that. Upstox just needs your Aadhar Card and Pan Card details to open your Demat account.
Even, you can complete the process in just a few hours. There are two ways to open a Demat account with Upstox, online and offline process.
Upstox Review in 2021 – Upstox Online Demat Opening Process
Opening a Demar account with Upstox is very easy. Here is the step-by-step process to open a Demat account with Upstox.
Steps to open a Demat account Online is –
Visit the Upstox website and fill in your details in the form and input OTP received on mobile.
Also, don’t forget to provide your PAN number in the next step
Only if you provide a PAN number, a dedicated representative from Upstox will contact you soon and guide you about the account opening procedure in detail and clear all the queries if you have any.
If you don’t key in the PAN number, the Upstox rep will not call back you. Providing PAN number ascertains them that you are really interested in opening an account.
However, if you are tech savy, you can continue the application yourself and complete the process without anybody’s help. It is as easy as installing software.
Click here to open an account with Upstox
Upstox Offline Demat Account Opening Process
CLICK HERE TO SAVE 90% BROKERAGE WITH UPSTOX
Download and print the Demat account opening form and fill in the necessary details.
Submit the account opening forms along with the required documents specified by your broker. Your broker might ask for an updated KYC form if it is not already updated.
Proof of identity and proof of address is one of the most important proofs that you need to submit.
The account opening form will also ask you to maintain a nominee. A nominee is a person who will be in charge of your account and its assets if some of the mishaps were to happen to you.
You’ll also come across the Depository Participant-investor agreement, which contains details such as the charges you’ll incur while holding the dematerialized account, the rules and regulations, terms and conditions, and also the duties of the broker and your rights as an investor.
An in-person verification to check that your details are true and valid may be completed.
After all the formalities are completed, you’ll receive a Beneficiary Owner Identity (BOID) or Unique Client Code (UCC) – a unique account number that will be used in all future transactions you conduct.
Upstox Products and Services
The Discount broker offers many products & services to its clients. Let’s go deep into this.
Upstox Products
The table chart given below is providing the entire details regarding the products offered by the Upstox discount broker to its customers-
Products | |
Commodity Trading | No |
Equity Trading | Yes |
Options | Yes |
Currency Trading | Yes |
Futures | Yes |
Forex | No |
Mutual Funds | No |
Banking | No |
Insurence | No |
SIP | No |
Upstox discount broking has gained huge popularity in the stock market due to its product offerings. The company offers good quality trading products to its customers for huge satisfaction and convenience.
Usually, equity trading product is highly offered by the company due to its heavy demand. The company executives usually custom-made products and services according to the needs and requirements of the investors or clients.
With the trading products of Upstox, the customers can easily boost up the profit rate. All the mandatory trading products are offered by the company including equity trading, currency trading, options, and futures.
The upstox broking house avails all these trading products at very nominal prices. Upstox product offerings can be a great help in the trading process.
Upstox Review 2021 – How Many Platforms Are For Trading On Upstox
Here are various Trading Platforms of Upstox-
Upstox Pro Mobile App Review 2021:
Open Demat Account with Upstox – Start @ Rs.20 per Trade
The mobile trading app of Upstix is called Upstox PRO and is one of the state-of-the-art and advanced mobile trading apps available in India.
Some of the salient features are-
- Charts of multiple intervals, type, and drawing styles
- Access to NSE cash, Futures and Options, and Currencies scrips
- Universal search tool to find simple and complex stocks
- Cutting-edge charting tools that are above industry standards
- Apply 100+ technical indicators on real-time charts.
- Receive real-time market feeds to stay on top of your scrips
- Set unlimited number of price alerts for instant updates
- Trade directory from charts with the Trade From Charts (TFC) features
- Create an unlimited number of customized watchlists
- Access predefined watch-list of Nifty 50 other indices.
- Availability on smooth money transfer with 40 plus banks in the app.
- It has an overall 4.5-star rating on the Android App Store.
- Light on storage: 21 megabytes
- The app has 100,000 to 500,000 install as of yet.
A local version of the app with the Tamil language is going to roll out soon. It will be the first of its kind as a mobile trading app to have Tamil as its language.
The primary reason for this version is the client base from Tamil Nadu, and this seems to be a well-woven move from Upstox.
Upstox Review 2021: Upstox Pro Web
Upstox Pro is yet another trading platform that, again, is paid service and is accessible through any browser across platforms and devices.
Users can quickly start using this application without the need to download or install any additional software.
It is accessible through a browser with a specific URL. You can also access it through mobile devices as long as it has a working internet browser.
Here are some features of Upstox Pro Web
- It has high functional charts with over 100 indicators, allowing users to make and mark their observations on market and trends associated.
- It doesn’t weigh on any device and is accessible easily through any browser.
- The ordering window is also conveniently placed on the screen for users to place the order as they see fit.
- They have assigned keyword shortcuts for quick access.
- There are some issues concerning its usability since the beginners might have a hard time comprehending the structure of this application.
Upstox Customer Care Number & Email Ids-
Upstox Corporate Office Address: Upstox, 30th floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai – 400 013.
Upstox Registered Office: Upstox, 807 New Delhi House, New Delhi 110001
- Contact Number: +91-22-6130-9999
- Upstox helpline: +91-22-6130-9999
- Upstox help desk: +91-22-6130-9999
- Upstox email: [email protected]
Customer Support Number | Yes/No |
Dedicated Dealer | No |
Online Trading | Yes |
Offline Trading | No |
24*7 Support | No |
Email Support | Yes |
Chat Support | No |
Toll- Free Number | No |
Contact Number | +91-22-6130-9999 |
Branches | No |
Upstox Review 2021: Upstox Pros and Cons
Upstox Pros (Advantages)
The following are the advantages of Upstox. You must read Upstox’s advantages and disadvantages before opening an account with Upstox. Upstox pros and cons help you find if it suits your investment needs.
- Upstox MF Platform offers 1000’s Mutual Funds to invest in. Customers can choose the Lumpsum or SIP pattern of investing.
- Upstox Option Chain Tool helps traders find out Spot, Futures prices, vertical comparison of rates, get details such as circuit levels, Open High Low Close and market depth. It allows customers to measure volatility, open interest, performance indicators, and check greeks as well.
- Upstox Pro Web Trading Platform offers multiple indicators to monitor markets on-to-go.
- Upstox Bridge for Amibroker helps you to code & execute your trading strategy using the AmiBroker AFL editor
- Upstox Developer Console helps you build (code) your own trading app using languages such as Python.
- Upstox offers brokerage free trading in the Equity Delivery segment (Customers does not have to pay brokerage for delivery trades in the equity segment
- After Market Order (AMO) and Cover Order are available on both web and mobile
- Mobile trading app available for both Android and iOS phones. No software users charge.
- Trailing-Stop/Stop-Loss (SL) is available on both web and mobile.
- Margin Against Shares is available
- Online IP Application (UPI) is available.
Upstox Review 2021- Upstox Cons (Disadvantages)
The following are the cons of Upstox. Check the list of Upstox drawbacks.
- Margin Funding is not available on delivery trades
- Good Till Cancelled (GTC) and Good Till Date/Time (GTD) orders are not available in the Equity Segment. GTC/GTD orders are available in commodity trading.
- Upstox doesn’t offer unlimited monthly trading plans
- Call and trade fee is charged at extra Rs 20 per executed order (Rs 20 Brokerage + Rs 20 Call & Trade Fee)
- Additional Rs 20 per executed order is charged for Intraday square MIS/BO?CO orders when they are not square of by the customer.
- In Upstox basic plan, though brokerage is free, customers still have to pay Demat Transaction Charges. Upstox Demat debit transaction charges (Rs 21.83) are high than other discount brokers who charge a fee of Rs 15.93 per Demat debit transaction.
- Brokerage-free is trading is available only in the Equity Delivery segment (in Upstox Basic plan). For all other segments including Equity F&O, Commodity F&O, and Currency Derivative, brokerage is charged at Rs 20 or lower per trade.
- Doesn’t provide stock tips or recommendations.
- 3-in-1 accounts are not available as a company doesn’t provide banking services.
- 24/7 customer service is not available
- Upstox doesn’t offer API access for automated trading.
- Upstox NRI Trading and Demat account is no more available (since Jan 2018)
Upstox Referral Program- Upstox Review 2021
The discount broker boasts of a referral which existing customers to refer Upstox to their friends and family. On successful registration of a client, the referrer earns 1-% of the brokerage generated from the accounts registered for the lifetime.
This is one program that is almost provided by every second broker in the market.
Upstox Review 2021- Final Thoughts
Upstox is indeed a great choice, but even better for traders who are explicitly looking for a cheap brokerage from a decent stock broker/trading platform.
But the option for that specific requirement is limited since the alternatives to Upstox are Zerodha and 5Paisa.
But the tentative scheme would be to bring more value through fragmented stockbroking space in the country.
They also take care of in-house trading software and also provide additional investment offering to their clients. These are amongst the few things that can be tweaked for it to be helmed as the best.
Another persistent problem with this platform has been customer services, which genuinely can be improved for better services and customer assistance.
With all the features and options that it provides, Upstox can easily rank among the most popular discount broker platform in India.
The company currently houses 1,00,000 customers with a daily trading turnover of INR 15,000 crores. It offers excellent opportunities to users who are looking for long-term investments and those who frequent the stock market.
CLICK HERE TO OPEN FREE ACCOUNT WITH UPSTOX [WPSM_AC id=6179]

Hey, I am Faiyaz Khan (Faiz), an Apple Certified Mac Engineer by profession, and Blogger by Passion. and the Owner and Founder of JioFiber. Because of Blogging, recently I left My Job. In my past three and a half years, I learn a lot. Now I am trying to share my knowledge around the world.