Upstox Review – Brokerage Charges, Demat Account Opening process

Upstox Review

Upstox started its services in India as a discount broker in the year 2011. Upstox was earlier known as RKSV Securities India Private Limited. In This Upstox Review post , we will  take a look at Upstox Demat Account features, Upstox demat account review , Upstox Charges , Upstox Margings and other factors to rate it.

As of now, Upstox has over 8 Lakhs active clients in India, and it has earned fame for providing one of the Best Demat account in India. Upstox positions itself as a low-cost brokerage firm and a discount broker

Upstox Account Opening

Let’s evaluate and Review Upstox on the following Parameters.

Upstox Review -Trading and Demat Account Review

Upstox is a safe Demat account as it is regulated by India’s top regulator- the Securities and Exchange Board of India. It is backed by a group of investors, including Kalaari Capital, Ratan Tata, and GVK Davix.

Upstox provides a free, fast & hassle-free way to open a Demat and Trading Account online. 
Upstox Brokerage Charges designed with Free Equity delivery, Free direct Upstox Mutual Fund, and 0.05% or rs 20 per trade price have made Upstox one of the best Discount Brokers of India.
Upstox Annual Charges is less compared to many other stock brokers in India.
Upstox allows you to place up to 10 call and trade orders per month for free.

Upstox review – Account Opening Process Review

Upstox offers both Online and Offline Account Opening Processes.

Online Process

The online process to Open Upstox Demat Account is fast and hassle-free. If you have an Aadhaar card linked with your mobile number, then the Upstox Account opening process gets smooth.

Once you complete the formalities, your Upstox Demat account will open within a day 

Offline Process

If your Aadhar card is not linked with your mobile number, Upstox provides a facility to open a Upstox Demat Account with Offline Process. Upstox would charge a fee of Rs 100 to process the documents sent through courier.

What do we like about the Upstox Account Opening process? 

The process of signup with Upstox is speedy and hassle-free.
Once you sign up to, you will get step by step instructions on how to complete the process.
Upstox Demat and Trading Account Opening Online process is easy and more affordable than the Offline process.
You can connect with Upstox Customer care for Account Opening, in case you are stuck.

Upstox Review – Charges for Demat Account Opening

Upstox provides a free Demat and trading account and does not charges account opening fee but you need to choose a prepaid brokerage plan of which is

If you pay Rs 249+ 18% GST, you get Upstox brokerage cashback of Rs. 399,
If you pay Rs 499+18% GST, you get Upstox brokerage cashback of Rs. 999,
If you pay Rs 999+ 18% GST, you get Upstox brokerage cashback of Rs. 2499.

It will be credited in your trading account after the completion of the Upstox Account Opening process.

Upstox Coupon Code 

Now, you can apply Upstox Coupon Code and avail free benefits while opening Upstox Demat Account.

Upstox review – Brokerage Charges review

Upstox is the only discount broker that provides you with an option to choose the Upstox brokerage charges. You are allowed to choose a plan while Upstox Account Opening or you can even change the plan by mailing a request for changing brokerage plan to Upstox Support Portal. You can also calculate the exact Brokerage charged on your trade using Upstox Brokerage Calculator. The Upstox brokerage plans are 

Upstox Brokerage Basic Plan

In Upstox basic plan, 

Upstox Charges for NSE Equity delivery is zero, 
Fees for Trades and other segments are 0.05% or Rs. 20, whichever is lower per executed trade.

Upstox Brokerage Priority Plan

If you need high margins to trade regularly, then you should go with a priority plan. 

The brokerage charges for Upstox priority plan is Rs. 30 per trade. 
You can enable priority plans at Rs. 999/month for trading in equities, F&O, and MCX. Rs. 499/month for commodities segment.

Upstox AMC charges Review

The annual maintenance charges (AMC) is the charge to maintain your Demat Account with Upstox. Upstox does not charge any AMC for the Commodity account. 

In Upstox, for individuals Rs 300/year + 18% GST is charged monthly as an Account Maintenance fee.
AMC is charged every month, i.e., Rs 25 + 18% GST will be deducted from your Trading account balance once in a month.

Upstox review – Trading Platforms Review

Upstox provides one of the best and user-friendly trading platforms for their clients. You can trade by using these platforms on your Upstox app for mobile, desktop application, or by desktop web. The trading platform are

Upstox Pro Web Application Review 

Upstox Pro is a web-based trading and investment platform which helps you to buy and sell shares in the stock market. You can use the Upstox Pro Web to execute the trade using browsers on laptops or Desktops. You can also Know how to login Upstox Trading Platform

Upstox Pro Web is the most powerful & easy to use HTML-based trading platform in India.
It comes with excellent features like API integration, algo trading, charts, and technical indicators.
It utilizes socket technology that enables access to real-time market data at a quick speed.
Upstox Pro Web is free for Upstox clients.
Upstox Review
Upstox Pro Web.

Upstox Pro Mobile Review – the Mobile Application 

Pro upstox mobile is a user-friendly trading application available for download on both Android and iOS stores.

You can track your favourite scripts, indices, and monitor the markets using charting tools with more than 100 technical indicators.
Upstox Pro mobile application provides stability, Multi-monitor support, and Advanced Charting.
Upstox Pro allows you to buy Direct Mutual Funds

Upstox review -Mutual Funds platform

Upstox mutual funds platform provides free service for clients to invest in mutual fund schemes through SIP or LUMPSUM.

Upstox provides an online facility for investing in mutual funds.
Investing in a mutual fund distributes your money across multiple equities which results in higher returns.
Mutual funds are managed by professionals.
Paperless transactions for investment in mutual funds can be done from the same trading platform.
Upstox Review
Upstox Mutual fund investment platform.

Products offered by Upstox 

Upstox is partnered with a few applications to provide their clients, such as Dartstock, Fox trader, and Nest trader. Let us know about these applications here

Dartstock Platform Review

Upstox has partnered with iDarts to provide you with the Dartstock software to help you in your daily trading routine. 

Seize market opportunities at the right time with advanced charting tools and analyze scripts that suit your trading style.
Dartstox provides 60+ technical indicators and 10+ market studies to help your trades.
It Analyses the market directly from advanced scanners that account for various calculations.
You can access visualization tools like advanced Upstox charts, dashboards, and graphs to pick trades faster.

Know more about Datstock here

Upstox Review
Dartstocks trading platform.

Upstox Nest Trader Platform Review

Upstox Nest Trader is a desktop platform that is built on a robust platform to serve your advanced trading needs.

Designed with keeping speed and low latency needs. Nest streams data with the fastest possible refresh rates and remains stable.
Upstox NEST Interface is highly customizable as per user needs. Various options to edit Layouts, Fonts, Colors.
NEST has multi-monitor support with customizable hotkeys and shortcuts so that you can trade smarter and faster.
It is easy to understand the trends and provides the best-customized charts. 

Know more about Nest Trader here.

Upstox Fox Trader Platform Review

Upstox has partnered with Reliable Software India Pvt. Ltd. to bring the FoxTrader trading software with Upstox

It helps you to analyze markets with multiple charting tools, backtest strategies, and experience effortless with one-touch trading technology.
You can run strategies on charts, scanners, and generate planned and fast orders with the help of API.
You can determine the order quantities, monitor current positions, P/L by using this platform.

Know more about FoxTrader here

Upstox Customer Care Number

Upstox customer care number is 022-6130-9999. Upstox Customer care Email id: or

There is an Upstox Support portal that has tutorials to learn about Upstox Demat Account, Upstox Trading Account, Online Trading, and Intraday Trading using Upstox application

In the help center, you get help from upstox regarding the Upstox Demat Account opening, Upstox Account information, and help on how to use the Upstox Pro Web and Upstox Pro mobile.

Upstox Customer care number: 02261309999

Upstox Review – Pros & Cons

Advanced trading platforms enable customers to ease and flexibility to trade onlineCall and trade feature requires additional ₹20 per trade
Upstox allows you to invest in an IPO through ASBA.Canceled orders are not available in Equity Segment
A flat rate of ₹20 per executed order across trading segments
Fast and Hassle-free Online account opening procedure with no minimum balance.
Third-party trading platforms that are integrated with Upstox definitely add an edge to Upstox providing users with smart insights and enable them to trade smartly
Funds transfer with 40 prominent banks in India is allowed.
3 in 1 Upstox account definitely provides a hassle-free experience to clients

Our Upstox Experience Review- Most reliable stock broker

Upstox provides the least pricing, unique brokerage option, and transparency, and it is absolutely the best stockbroker today.
The Upstox Demat account opening process is fast and hassle-free. The Upstox Account Opening process is entirely free, as you don’t need to pay any account opening charges.
Upstox trading platforms like Pro Web are undoubtedly great to use with user-friendly UI and multiple features.
There are various reasons to open a Demat and trading account in Upstox – be it a user-friendly Upstox trading platform for equity investments or the ability to buy direct Mutual funds using UpstoxPro Web or Upstox Pro Mobile application.
This detailed review of Upstox Demat account shows the benefits which Upstox provides to their clients. Undoubtedly, the Upstox Demat Account is one of the best amongst the stockbrokers in India.

Upstox Review – FAQs

How can I Open a Upstox online account?

You can use this direct link to open Upstox Demat Account Online within 10 minutes.

Does Upstox provide a 3 in 1 Account?

Yes, Upstox has a tie-up with IndusInd bank to provide you a 3 in 1 Trading, Demat and Bank Account. Click here to open 3 in 1 account.

Do I have to pay for using the Upstox Pro platforms?

No. There’s no fee to use the trading software but you need to open Upstox Demat Account to access them.

Does Upstox provide margin trading facilities?

Yes, Upstox provides margin trading facilities, you will get 50% of your trade value as margin. The ratio will always be 50/50.

One Comment

  1. speaking of Reply

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