Upstox Review – Open Free Demat Account in 10 minutes

Upstox is the first low-cost broking firm in India which provides trading opportunities at low prices. Upstox Demat Account provides trading on different segments such as equities, commodities, currency, futures, and options. 

The trading platforms available are upstox pro web and upstox pro mobile. There are no charges for the Upstox demat account opening and you can open a free Upstox demat account for free with us

Upstox trading platform offers trading, analysis, Charts and many more features. 

You can easily place orders using a mobile application or through a web browser.

In this Upstox review, we have provided you with information about upstox account opening charges and upstox brokerage charges

Upstox review

How to open a upstox demat and trading account 2020?

You can open upstox demat and trading account by registering your mobile number and email id in signup portal and upload clear documents like 

  • Pan card
  • Signature on a white paper with blue or black ink
  • 6 months bank statement or personalised cancelled cheque or bank passbook
  • Aadhar card

To complete E sign online, your aadhar card must be linked to your mobile number or you can upload the documents and courier the account opening forms to upstox head office address. 

The offline Upstox account opening form is available in the link.  

You can download, fill the form and courier to upstox head-office address attaching all the required documents.

Upstox Account Opening Charges

For  Upstox Demat account and Trading Account, Account Opening charge is Zero. 

Upstox has a minimal Annual maintenance charge of Rs 150 towards account maintenance. 

Upstox levies transaction fees in case you opt to transfer your holdings from your existing broker to Upstox. This fee is Rs. 325/crore.

In case you wish to Open Upstox Account, the account opening charges are as follows-   

Demat ServicesCharges
Depository SourceCDSL
Account Opening Chargesfree
Demat AMC ChargesRs. 150 per year
Trading AMC ChargesFree
Margin MoneyZero

Upstox Brokerage charges

Upstox Charges ZERO brokerage fee for equity delivery trading. 

For equity intraday trades, Upstox brokerage charges are Rs. 20 per order or 0.01% (whichever is lower) for both buy and sell orders.

Additionally, there are no Upstox charges or restrictions to maintain a specific minimum balance, maintenance of account status. There is no charge to close the account or for software.

Upstox ChargesEquity DeliveryEquity IntradayEquity FuturesEquity Options
BrokerageZero brokerageRs. 20 per executed order or 0.05% (whichever is lower)Rs. 20 per executed order or 0.05% (whichever is lower)Flat Rs. 20 per executed order.

Upstox Account types

There are two different types of Trading account for clients as per upstox brokerage plan which suits investors/traders needs, which are listed in the table below 

Upstox Brokerage ServicesUpstox Basic Plan Brokerage ChargesUpstox Priority Plan Brokerage Charges
Equity Delivery TradesNILNIL
Intraday Trading on BSE, NSE, MCX and F&O0.01% or Rs 20/ Order, Whichever is lower0.05% or Rs 30/ Order, Whichever is lower
Derivatives(Futures Options)0.01% or Rs 20/ Order, Whichever is lower0.05% or Rs 30/ Order, Whichever is lower
Commodity0.01% or Rs 20/ Order, Whichever is lower0.05% or Rs 30/ Order, Whichever is lower
Currency0.01% or Rs 20/ Order, Whichever is lower0.05% or Rs 30/ Order, Whichever is lower
MarginUp to 20 times in EquityUp to 25 times in Equity

Upstox Other charges

Upstox ChargesEquity DeliveryEquity IntradayEquity FuturesEquity Options
STT/CTT0.1% on both buy & sell.0.025% only on sell.0.1% only on sell. 0.1% only on sell.
Transaction ChargesNSE: 0.00325% per trade on buy & sell.

BSE: charges vary as per the scrip group
NSE: 0.00325% per trade on buy & sell.

BSE: charges vary as per the scrip group
NSE:

Exchange turnover charge: 0.0019%

Clearing charge: 0.0002%
NSE:

Exchange turnover charge: 0.05%

Clearing charge: 0.005%
Demat transaction chargesRs. 18.5 per scrip per day only on sell. No chargesNo chargesNo charges
GST18% (on brokerage + transaction + demat charges)18% (on brokerage + transaction charges)18% (on brokerage + transaction & clearing charges)18% (on brokerage + transaction & clearing charges)
SEBI ChargesRs. 15/croreRs. 15/croreRs. 15/croreRs. 15/crore

Upstox Coupon Code, Offers and Benefits

Upstox is recognized as a leading discount broker in India. It provides low-cost brokerage with Upstox coupon code, Offers and benefits to the customers at a low price. 

Below are the upstox Features

  • Upstox allows users to open a free trading account 
  • It provides a great discount on brokerage.
  • One can use upstox coupon code to get more benefits 
  • Upstox has easy  to use console and generates user-friendly reports 
  • Upstox has awesome customer support

Upstox trading platform

Upstox trading software has the best service for trading and investing through Desktop web, Upstox pro mobile application, and Nest trading Web. 

Once you open a upstox demat account, you can use all the features of trading platforms as following

Trading PlatformsFeatures
Nest Trading Platform1. It provides high-speed trading with very low delays during transactions.
2. Interfaces can be customized or personalized as per the client’s preferences.
3. Users have the provision of streaming data on multiple interfaces at the same time.
4. Advanced charting features for users to perform technical analysis of the stock.
Upstox Pro Web1. A light application can be accessed through any browser or device.
2. High functional charts with over 100 indicators and charts that allow users to observe the market and stock trends.
3. The ordering window is displayed on the screens so that users can place orders instantaneously.
4. Features such as Work spaces can be customized as per user preferences.
5. Keyboard shortcuts provided to enter orders quickly.
Upstox Pro-mobile app1. Live-streaming of Prices from NSE F&O, NSE Cash, BSE Cash, NSE Currency and BSE Currency.
2. Line charts, candlesticks with chartings indicators and drawing tools for users to comprehend data easily and take actions quickly.
3. Advanced order types such as Cover Orders & Bracket Orders.
4. Easy money transfer with more than 40 banks available within the application.

Upstox Mutual Fund

Upstox provides free service for clients to invest directly in Mutual fund schemes through SIP. Here is the detailed information on the upstox mutual fund

Other ProductsOverview
Upstox Mutual Funds1. Upstox offers investing in mutual funds in regular plans.
2. Investing in mutual funds is free on the upstox trading platform.
3. Upstox mutual fund platform helps u to select best mutual funds across different categories

PROS & CONS

Here are the advantages and disadvantages of using a upstox account. 

AdvantagesDisadvantages
High tech and advanced trading platforms enable customers to ease and flexibility to trade onlineCall and trade feature requires additional ₹20 per trade
Flat rate of ₹20 per executed order across trading segments provides transparency. Good Till Cancelled orders are not available in Equity Segment
Funds transfer with 40 prominent banks in India is allowed.

Upstox Customer service

Customer care number : 02261309999
E-mail : support@rksv.in or support@upstox.com

1 Response

  1. speaking of says:

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