Upstox: Trading & Demat Account, Reviews, Charges: 2024

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell you is one of the pre-requisite of booking a profit in day trading.

Upstox : Overview

Upstox was founded by Raghu Kumar, Ravi Kumar and Shrinivas Viswanath, in the year 2011, and it has since then become one of the biggest names in Indian trading circles. Upstox’s main selling point is in the fact that it prides itself as cutting edge technology-first low-cost brokerage firm, which focuses on both customer and trading experience.

Upstox offers its low cost services across various segments like commodities, equities, futures, currency, options. This is because Upstox is a registered member of both CDSL, NSDL and along with that is also eligible to provide Depository Participant (DP) services to its customers. Upstox is also a registered member of NSE, BSE and MCX, by its former name that was RKSV Securities.

Upstox offers robo advisory, which is basically algorithm based trading along with automatic stop loss trigger. It also offers its clients to invest in various IPOs as and when they occur.

In terms of customer service, Upstox is decent, which could be one of the reasons why it has grown so quickly and retained its clients over the years, because for any brokerage firm the first essential is customer service. Upstox offers such services through means of email, phone, and live chat with a representative. Along with that, Upstox Help Center and Learning Center helps clear the basics of stock market investing and has a huge list of FAQs to clear trade related queries quickly and save time.

Both traders and investors alike can obtain advantages provided by the sleek charting and other statistical tools provided by Upstox Pro Web and Upstox’s mobile platforms, in order to analyse the markets and book profits.

What also makes Upstox special is its referral program, offering existing customers a chance to make additional money through brokerage credit, simply by referring their friends to open an account and trade using Upstox.

However, it should be noted that Upstox, unlike most of its peers in both discount brokerage segment and full service brokerage, does not offer any research based reports about companies in any of its plans.

Upstox: Types of Accounts

In terms of types of accounts, Upstox keeps it simple. There are two kinds of accounts

1. Upstox Securities Account: This a single account that be used for trading, as well as simply obtaining demat services. This type of account offers services like trading across NSE and BSE in stocks, bonds, futures and options, currencies as well as mutual funds.

2. Upstox Commodity Account: As the name suggests, this type of account is only for trading in commodities on MCX.

Upstox : Trading Tools

1. Upstox Pro Trading Terminal: This a light-weight downloadable software available for Windows, for advanced day-traders.

2. UpstoX Pro Web: Upstox also provides web-based trading through your browser, for non-frequent traders and investors alike.

3. Upstox Pro Mobile Trading Application: Available on Android, this application is for mobile phones for traders trading on the go, but still needing all the basic facilities.

Upstox Account Opening Process

With Upstox, you can open a 3-in-1 Demat, Trading & Bank Account. This is referred to as IndusStox (a tie-up with IndusInd bank).

  1. A Demat Account

  2. A Trading Account

  3. A Savings Bank Account

Upstox Account Opening Charges: 2024

Demat Account Opening Charges₹0
Trading Acc Opening Charges₹249
Trading Account AMC₹0
Demat Account AMC₹300 per year (paid monthly)

Upstox Account Brokerage Charges: 2024

Upstox :Basic Brokerage Charges

Plan NameBasic
Equity Delivery₹0 (FREE)
Equity Intraday₹20 per trade or 0.05% (whichever is lower)
Equity Futures₹20 per trade or 0.05% (whichever is lower)
Equity Options₹20 per trade or 0.05% (whichever is lower)
Currency Futures₹20 per trade or 0.05% (whichever is lower)
Currency Options₹20 per trade or 0.05% (whichever is lower)
Commodity Options₹20 per trade or 0.05% (whichever is lower)
Mutual Fund

Upstox :Priority Brokerage Charges

Plan NamePriority
Equity Delivery₹0 (FREE)
Equity Intraday₹30 per trade or 0.10% (whichever is lower)
Equity Futures₹30 per trade or 0.10% (whichever is lower)
Equity Options₹30 per trade or 0.10% (whichever is lower)
Currency Futures₹30 per trade or 0.10% (whichever is lower)
Currency Options₹30 per trade or 0.10% (whichever is lower)
Commodity Options₹30 per trade or 0.10% (whichever is lower)
Mutual Fund

Upstox Equity Brokerage:2024

Trading SegmentEquity DeliveryEquity Interaday
Brokerage₹0 (FREE)Based on Brokerage Plan Selected
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover Charges₹325/crore\t& Demat Transaction: ₹18.5 per scrip (only on sell)₹325 per crore
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore
Stamp ChargesState-wiseState-wise

Upstox Equity F&O Brokerage: 2024

ChargeEquity FuturesEquity Options
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)0.1% (on Sell Side)0.1% (on Sell Side)
Transaction / Turnover Charges₹210/crore₹5500/crore on premium turnover
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore
Stamp ChargesState-wiseState-wise

Upstox Currency Trading

Let's see how currency trading is done through Upstox.

The stock market comprises of different trading options with various profit/loss scenarios. But its based on investors to decide their investment opportunities. Out of all the various options, one of the trading options is “currency trading.”

What is Currency Trading?

Currency trading

Upstox Currency F&O Brokerage: 2024

ChargeCurrency FuturesCurrency Options
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)No STTNo STT
Transaction / Turnover ChargesNSE: 0.00013% | BSE: 0.00062%NSE: 0.065% | BSE: 0.026% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore
Stamp ChargesState-wiseState-wise

Upstox Commodity Trading

Commodity trading with Upstox is no different as compared to other commodity brokers in India. You have to open a Commodity trading account before traing in commodities.

The stock market is diverse in terms of trading practices that traders/brokers can execute. Through the various choices available for trading, one primary sector

Upstox Commodity F&O Brokerage: 2024

ChargeCommodity FuturesCommodity Options
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)0.01% on sell trade (Non-Agri)\t0.05% on sell trade
Transaction / Turnover Charges0.0031%\t0.002%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore
Stamp ChargesState-wiseState-wise
Ask your questions here

Frequently Asked Questions or FAQs

MTM in Upstox refers to "mark to market" and is used to determine the margin between the market value and the book value of an asset. It records the value of an account with respect to the change that takes place in its assets and liabilities due to price fluctuation in the market.

Ravi Kumar, Kavitha Subramanian and Srinivas Vishwanath are the founders of Upstox . The company is also backed by a group of investors that includes Ratan Tata, Tiger Global, and other influential figures in the industry.

What happened, so you are looking to close your Upstox Demat and Trading Account? The reasons could be many and any. You are here means, you are searching how to close Upstox account. So, let's dig into the demat account closure process.

GTT (Good till Triggered) is a type of order that lets you Buy or Sell stocks at a Limit price. A GTT order is similar to a Limit order. The main difference is the validity of the order. A Limit order is typically valid for 1 day whereas a GTT order is valid for 1 year. GTT order is provided by many Full service & Discount brokers.

OCO or one cancels the other order is an order type where there are three orders placed. Its where different parameters can be set for an order to either buy ro sell. Once the closest parameters are met, it is executed, and the other two orders are cancelled.

IOC stands for Immediate or Cancel, which means if an order is not executed immediately under a given time frame, it will be liable to cancel.

GTT is a feature which works when the price set by an individual is met in a specific period. Let's gather some more details on GTT or Goods Till Triggered feature offered by Upstox and other stockbrokers in India.

Yes, you can open a demat account on your minor son/daughter's name with Upstox. However, after a specific age limit (generally 18), you can link a trading account to the Demat account. If not a trading account, users can open a Demat account and then connect the trading account.

With every stockbroker, there are some advantages and disadvantages. The cons of Upstox are plenty but covers up through its advantages. However, its disadvantages are that the trade and call feature is charged 20 rupees, IPO & FPO investment opportunities are not available, under the delivery segment, GTC & GTD orders aren’t supported, etc.

Upstox is a great discount stock broker that provides excellent features at a lower cost. Some of the benefits of using Upstox are margin against shares, free equity delivery, ultra-low brokerage, bracket order, and cover order availability, mutual without any commission fee, excellent trading platforms, and more.

They are the same brand. There is no difference as since 2012, RKSV started offering retail broking. But in 2016, the company renamed itself Upstox. Every segment that Upstox has to offer is one and the same with the only different being in the name and nothing else.

Yes, the Indian discount broker is backed by Mr. Ratan Naval Tata. He held a 1.33% stake in RKSV Securities (popularly knows as Upstox) at the beginning of the year 2019. RKSV in RKVS Securities stands for the initials of the names of founders (RK for Ravi and Raghu Kumar, and SV for Shrinivas Viswanath).

Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.

Talk of square off in Upstox or any other stock trading platform in India it points towards completion of your intraday transactions. Let's see how it is! The meaning of square off remains the same whether its Upstox or any other stock broker in India for that matter.

UCC ID in Upstox simply means Unique Client Code. Now, let's discuss all about UCC ID in detail. A unique ID for each client that can be used while you log in your Upstox account. Once you submit your application, and complete all the demat and trading account opening formailities, a UCC ID shall be generated for your individual account that's forwarded on your e-mail id and mobile number.