Upstox Review 2020 : Demat & Trading Account
Upstox Review : Upstox was found by 3 cofounders; Srinivas Viswanath, Ravi Kumar, and Raghu Kumar, Raghu and Ravi are brothers and they ran their own proprietary trading company in the United States before being the founders of Upstox.
Upstox established to the public by getting involved in retail brokerage and started an unlimited trading plan which allowed retail traders to reduce an amount on their brokerage costs. This was followed by a blanket brokerage package that allowed unlimited trade to their customers for just Rs 1947/month. It also introduced some new brokerage plans it includes five free trades in a month to increase customers.
We Have Also Compared Upstox Vs Zerodha, Which Is The Best Demat Account In India.
Comparison of Upstox Brokerage charges with ICICI Securities and Sharekhan
Comparing the Upstox Review brokerage charges with Sharekhan and ICICI securities, it is clear that the brokerage of Sharekhan ranges from 0.1 to 0.5% per trade and from 0.5 to 0.55% per trade for ICICI Securities while it is fixed to be Rs. 20 for Upstox.
Also, the Sharekhan and ICICI Securities are Full-service Provider whereas Upstox is a Discount Broker.
Upstox Review : Special Offer – (March Update)
IndusStox 3-in-1 account is a trading cum bank account that consists of a trading account, Demat account, and bank account. With this, you can trade in the stock market with ease and enjoy seamless trading. You can convert your existing IndusInd Bank account to the IndusStox 3-in-1 account or create a new one.
Below are benefits of IndusStox
- There are no charges on Call and Trade up to 10 calls per month
- You can transfer your fund for free with no limit or cap
- No brokerage on equity delivery trades
- You will earn interest on the balance in a savings account
- You can check your IndusInd Bank Savings account balance in trading a/c.
Different Charges Of Upstox
Upstox has two trading plans for its customers, i.e. Basic Plan and Priority Plan. Below is the comparison of Upstox brokerage charges of these two plans:
Upstox Brokerage Charges
Upstox Basic Plan | Upstox Brokerage Plan | |
Equity Delivery | Free | Free |
Equity F&O, Commodity and Currency | Rs. 20 per trade or 0.01% (whichever charges are lower) | Rs. 30 per trade or 0.05% (whichever charges are lower) |
Equity Delivery | Rs. 0 (Free) | Rs. 0 (Free) |
Equity Intraday | Rs. 20 per executed order | Rs. 30 per executed order |
Equity Futures | Rs. 20 per executed order | Rs. 30 per executed order |
Equity Options | Rs. 20 per executed order | Rs. 30 per executed order |
Currency Futures | Rs. 20 per executed order | Rs. 30 per executed order |
Currency Options | Rs. 20 per executed order | Rs. 30 per executed order |
Commodity Futures | Rs. 20 per executed order | Rs. 30 per executed order |
Commodity Options | Rs. 20 per executed order | Rs. 30 per executed order |
Upstox Account Opening & Annual Charges
Upstox Trading Account Opening Charges (One Time) | Rs. 150 for Equity and F&O and Rs. 150 for MCX |
Trading Annual Maintenance Charges of Upstox (Annual Charges) | Rs. 0 |
Upstox Demat Account Opening Charges (One Time) | Rs. 0 |
Upstox Demat Account and Annual Maintenance Charges (Annual Charges) | Rs. 150 |
Trading Platform Of Upstox
Upstox provides many platforms which are used by its users for trading purposes. Below are the Upstox Review trading platforms:
Upstox Pro Web
Upstox Pro web is the best trading platform in India provided by Upstox and is based upon browser. It has some advanced features such as charts, algo trading, API integration, and technical indicators. These features are really helpful for its users in understanding the market well and in performing an in-depth analysis of the market.
Pro web also uses the socket technology by which users can access the real-time market data at a faster pace. Drag and drop facility is available to drag the script in the chart screen and see the script in the form of a chart.
Upstox NEST Trader Desktop
NEST Trader is another trading platform provided by Upstox and is advanced trading desktop software. This helps its users to keep an eye on the market, place orders accordingly and buy and sell the shares in real-time. The application can be installed on your desktop or laptop.
The various features of NEST Trader include multi-monitor support, customizable interface, advanced charting, enterprise-level stability, and low latency.
Upstox Pro Mobile App
Upstox Pro Mobile App is the best trading app in India that is available in the form of a mobile app. The app allows its users to track the scripts marked as favorites by its users, monitor the market using the charting tools and many technical indicators available in the app.
The app can be installed in both Android as well as in iOS versions.
Additional products by Upstox
Dartstock
Everyone wants to do the trading to be more efficient, fast and productive. For this, Upstox has partnered with iDarts so as to make Dartstock software available for its users who can use it in their daily trading platform. It provides sophisticated charting tools that help its users to capture the trading opportunities and analyze the scripts.
Foxtrader
Upstox believes in sharing trading knowledge with everyone. Thus, Upstox has partnered with Reliable Software India Private Limited in order to bring the Foxtrader trading software for its users. It allows its users to analyze the markets using the various charting tools and backtest strategies to make the trading as effortless and done with one-touch technology.
Upstox Review – My Experience With Upstox So Far
I had a very great experience with Upstox. I have been using Upstox for the past 1 year after experiencing other trading websites. I really appreciate the services provided by it. The brokerage and account opening charges are very less as compared to many other trading websites. The account opening process is very easy and smooth that requires a few documents.
The low brokerage charges and high margins are the main features of the popularity of Upstox. The user interface is quite impressive and the website is also very easy to use that even a new user can start using it without much effort. All in all, it was a great experience that I had while trading with Upstox.
What I Like & What I Didn’t Like About Upstox
Upstox is considered to be one of the best trading platforms in India. It has a large number of pros that make it best while it has some cons as well.
PROS
- The trading with Upstox is free of any brokerage charges in Equity Delivery Segment. Also, the margin is available against the shares for its customers.
- Upstox provides the best mobile trading app as well for both android and iOS users free of cost. So, its users can trade anytime and anywhere without any difficulty.
- There are many trading platforms of Upstox that come up with various advanced features such as buying and selling the shares, analyze the market and plan accordingly.
- Orders such as After Market Order, Cover Order, Bracket Order, One Cancels Other Order, and Trailing-Stop/Stop-Loss are available on both web and mobile.
- The Mutual Fund platform of Upstox gives its users to invest in mutual funds by choosing SIP or Lump sum pattern for investment.
CONS
- Brokerage trading is available free of cost for the equity delivery segment only. For other segments, such as Commodity F&O, Equity F&O, and Currency Derivative, Rs. 2 per trade is to be paid as brokerage charges.
- The equity segment does not contain the Good Till Cancelled (GTC) and Good Till Date/Time (GTD) orders. These are available in commodity trading only.
- There s no facility of making an investment in FPO, IPO, Bond, and NCDs.
How To Open Zerodha Account?
To open the account with Zerodha, there is an online and offline method.
Upstox allows you to open them in two ways, either the traditional method using the paper form or the Adhaar based paperless online method. The online method is very efficient and fast. Very less documentation is required which includes PAN Card, Adhaar Card, canceled Cheque and Latest Bank Statement with IFSC/MICR code.
The login password for trading generates within 48 hours but in my case, I got it the very next day. The trading can be started without signing any document. You only need to sign the Power of Attorney document which needs to be couriered to Upstox if you want to sell or transfer the shares and mutual funds via Upstox.
The Documents Required Are:
- PAN Card
- Adhaar Card
- Cancelled cheque
- Bank statement
- Passport size photos
Conclusion
To conclude, Upstox is the best trading platform present today for the people who love to invest their money in mutual funds and SIPs. There are various features making it ahead in the race with other trading websites.
The brokerage charges and account opening charges are very less. The website design is good and user-friendly. Various advanced features in its trading platforms that help its customers to analyze and keep an eye on the stock market.
The advanced charting tools are available to see the scripts in chart form by using the drag and drop facility. All these features of Upstox make it a perfect trading site among its customers. The positive Upstox reviews shared by its customers are the proof of its popularity in the trade market.
Anshul Agarwal
Anshul Is An Young Stock Market Enthusiast, He Trade Frequently & Has Gained A Great Knowledge In Financial Market. He Loves Contributing His Knowledge To Various Blogs & Magzines.
12 thoughts on “Upstox Review 2020 – Unbiased Review”
Hi,
I hold a Savings account in Kotak.
I want to open a Demat and Trading Account.
With whom shall I open the account? Kotak or Zerodha or Upstox or any other?
Please suggest any 1 best among all in the market in terms of safety, convenience, brokerage, and other charges if any.
Your guidance is much appreciated.
Regards,
Navya
Kotak is surely not recommended.
Upstox and Zerodha are almost equivalent.. but I find Upstox easy to use. Brokerage is also same.
Upstox has waived off account opening charges if you start your application process here.
How safe it upstox and if we want to stop investing in upstox and remove account what is the process?
Anamika.. Upstox is as safe as other discount brokers.. contact their customer care for account closure.
Hi , I m new in investing, I’m actually more into long-term investing, . So in that case does upstoks will be a good option for me. I may not buy lot of shares at a time. More like adding small shares every month . Pls help me
Yes Sonett, you can go ahead with upstox. You would like their service.
what are the difference between upstox and zerodha
Both are good. Upstox is easy to use and Zerodha provides multiple platforms and better customer support. I am going to write a comparison on both soon.
You Can Read This Upstox Vs Zerodha
WHY WE CAN NOT APPLY FOR IPO IN UPSTOCKS? IS IT LIKE ZERODHA? WE CAN NOT DIRECTLY APPLY FOR IPO IN ZERODHA BUT THREW BANK NETBANKING, SO THIS WAY APPLICABLE FOR UPSTOCKS OR NOT?
Yes you can apply for IPO through netbanking
Does upstox provide real time data feed as the trading platfrm is taken from Reliable which offers real time charts.
So do upstox shows real time charts.
Is it similar to MT4 Trading platform which shows real time charts.
Yes.. As per Upstox does it in the real-time.