Upstox Review 2022 | Demat Account | Trading Account | Brokerage | Offers from Upstox
Upstox is India based discount brokerage firm offering online, low cost, and one of the best trading platform to its customers. Upstox was founded in 2009, in a small apartment in Delhi. It was known as RKSV at that time. They subsequently moved to Mumbai, the financial capital of India. In 2016, Upstox implemented completely paperless process of customer onboarding. Aadhar & eKYC played the key role in this process. Upstox started achieving exponential growth since then.
Key features of Upstox
Upstox partnered with Indian Premier League (IPL) in 2021, as a result they added a million customer in a single month. The Upstox co-founders are Ravi Kumar, Kavitha Subramanian and Shrini Viswanath.
| Key features of Upstox | |
| Broker Category | Discount Broker |
| Equity Intraday Brokerage | Rs.20 or 0.05% whichever is lower |
| Equity Delivery Brokerage | Rs.20 per executed order |
| Equity F&O Brokerage | Rs.20 or 0.05% whichever is lower |
| Mutual fund & IPOs | Zero (Free) |
| Currency Futures Brokerage | Rs 20 per executed order or .05% whichever is lower |
| Currency Options Brokerage | Rs 20 per executed order or .05% whichever is lower |
| Brokerage Account AMC | Zero (Free) |
| Account Opening Charge | Zero (Free) |
| Demat Account AMC | Zero (Free) |
Open Demat Account Now – Fill up the Form Below
Upstox Review in Details
Upstox is an Indian financial services company. It is Headquartered in Mumbai. Upstox is backed by renowned investors like Ratan Tata, Tiger Global Management & Kalaari Capital. Upstox has pushed the boundary of online trading using Technology, they invest heavily into technology upgrade to offer low cost trading platform to customer. They do not provide any Tips to its customer.
Upstox PRO WEB
Upstox Pro Web platform offers most powerful and easy to use HTML based trading platform in India. It provides best charting tools to its customer for making right decision at right time. It also helps its customer to place covers orders and bracket orders using limit options.
Upstox PRO Mobile
Upstox Pro Mobile platform offers most powerful and easy to use trends on charts to help you make right decisions at right time. It also helps its customer to place covers orders and bracket orders using limit options. Other benefits are:
- Instant Notification – You can keep a track of your recent traded orders and other activities.
- Trade on the Go – You can trade anytime from anywhere. It also works on slow internet.
How to Open a Demat Account with Upstox ?
Upstox offers both Online and offline option to Open a Demat account. In online account opening process, your mobile number must be linked with Aadhar. You need to complete this process before, if for some reason, you are unable to do so, then you will have to open an account offline.
Demat Account is used to hold your shares or stocks in electronic or digital format where you can buy and sell it as needed.
Benefits of Demat Account:
- Online process without any paper work
- Easy and quick process, which you perform yourself
- View market movements in real time
- You hold your shares, mutual fund, IPOs, all in one account
Important Note – You need to link your PAN with Aadhar at the earliest. As per NSE circular after 31-Mar-2022 you will not be able to trade or invest in stock market.
Step by Step guide is given below :-
- Our team can help you immediate Demat account opening with Upstox, please provide your Phone number and Name in the form available on this page. You can also do it yourself as well. You will get directed to Upstox to open an account from here, which will also give you offers like Free Training Class to do trading (basics) and team support in the account opening process.
- Your mobile number must be linked with Aadhar
- Link your PAN with Aadhar, this will help you hassle free trading always.
- PAN card soft copy, Aadhar and Bank details.
- Bank Account statement if you wants to Trade in F&O (future & options)
- Your personal details (must be inline with what is there in documents provided like PAN, Aadhar, Bank Details. It should all match). Our team will guide you if you need support anytime.
- You will get your ID, Password & PIN at the earliest.
- That’s all. Happy Trading and Great Investment.
Charges for account opening with Upstox
Upstox offers modern platform and trading apps, free account opening with ₹ ZERO charges, also no annual maintenance charges for Demat account. Equity investment at flat ₹ 20 brokerage for both Delivery & Intraday, also F&O trades.
Annual Maintenance Charges for your Demat account charged by Upstox is ₹ ZERO and there is also no charges for Trading account. These offers by Upstox is very competitive compared to other brokers.
| Account Type | Equity (for trades on Equity, F&O and Currency) |
| Trading & Demat Account (Online) | ₹ 0 (ZERO) |
| Trading & Demat Account (Off-line) | ₹ 249 |
| Trading Account AMC | ₹ 0 (ZERO) |
| Demat Account AMC | ₹ 0 (ZERO) |
Upstox - List of all charges and taxes
Equity
Upstox charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| Upstox charges | Equity delivery | Equity intraday | Equity futures | Equity options |
| Brokerage | ₹20 or 2.5% whichever is lower on Equity Delivery |
₹20 per executed order or 0.05% (whichever is lower) | ₹20 per executed order or 0.05% (whichever is lower) | Flat Rs. 20 per executed order |
| Transaction charges | NSE: 0.00345% | NSE: 0.00345% | NSE: 0.002% | NSE: 0.053% (on premium) |
| BSE: 0.00345% | BSE: 0.00345% | |||
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side | 0.05% on sell side (on premium) |
| SEBI charges | ₹5 / crore | ₹5 / crore | ₹5 / crore | ₹5 / crore |
| Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200 / crore on buy side | 0.003% or ₹300 / crore on buy side |
| GST | 18% (on brokerage + transaction + demat charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
Currency
Upstox charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| Upstox charges | Currency futures | Currency options |
| Brokerage | ₹20 per executed order or 0.05% (whichever is lower). | Flat ₹20 per executed order. |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE: | NSE: |
| Exchange txn charge: 0.0009% | Exchange txn charge: 0.035% | |
| Clearing charge: 0.0004% | Clearing charge: 0.025% | |
| BSE: | BSE: | |
| Exchange txn charge: 0.00022% | Exchange txn charge: 0.001% | |
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | ₹5 / crore | ₹5 / crore |
| Stamp charges | 0.0001% or ₹10 / crore on buy side | 0.0001% or ₹10 / crore on buy side |
Commodity
Upstox charges are different for trading in Equity, Currency & Commodity. Equity charges are low compared to Currency & Commodity.
| Upstox charges | Commodity futures | Commodity options |
| Brokerage | ₹20 per executed order or 0.05% (whichever is lower). | Flat ₹20 per executed order. |
| STT/CTT | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction charges | Non-Agri: | Exchange turnover charge: 0 |
| Exchange txn charge: 0.0026% | ||
| GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| SEBI charges | Non-agri: | ₹5 / crore |
| ₹5 / crore |
Upstox - List of all other charges and their explanation
When you trade through a platform of any brokerage firm, there are other charges applied on your trades which is as per guidelines from regulator SEBI and also some value added service charges are there from each brokerage firm. Upstox charges in other category are explained in below table, which is again on the lower side if we compare with other
| Category | Charges |
| Securities/Commodities transaction tax | Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O. |
| Transaction/Turnover Charges | Charged by exchanges (NSE, BSE, MCX) on the value of your transactions. |
| Call & trade | Additional charges of ₹20 per order: |
| A) for orders placed through our support/dealing desk. | |
| B)You will be charged auto square-off charges of ₹50 (Plus 18% GST) per order for open positions squared-off by RMS team at the usual intraday square-off times. To avoid auto square-off charges, you can square-off your positions yourself before the RMS square-off timings. | |
| Stamp charges | Stamp charges by the Government of India as per the Indian Stamp Act of 1899 for transacting in instruments on the stock exchanges and depositories. |
| GST | Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges) |
| SEBI Charges | Charged at ₹10 per crore by Securities and Exchange Board of India for regulating the markets. |
| Physical contract notes | You will be charged ₹ 25 per contract note plus courier charges. (Digital contract notes are free.) |
| AMC (Account maintenance charges) | ₹ 0 Per Year (Free) |
| Instant Money Transfer Fee | ₹7 per transfer plus GST will be charged. |
Upstox Trading Platform:
Upstox has invested heavily into Technology to give superior experience to its customers and users. They keep updating it on regular basis with innovative ideas and modern feature.
Upstox PRO WEB
Upstox Pro Web platform offers most powerful and easy to use HTML based trading platform in India. It provides best charting tools to its customer for making right decision at right time. It also helps its customer to place covers orders and bracket orders using limit options.
Upstox PRO Mobile
Upstox Pro Mobile platform offers most powerful and easy to use trends on charts to help you make right decisions at right time. It also helps its customer to place covers orders and bracket orders using limit options. Other benefits are:
- Instant Notification – You can keep a track of your recent traded orders and other activities.
- Trade on the Go – You can trade anytime from anywhere. It also works on slow internet.
FAQ (Frequently Asked Question) about Upstox
Where is Upstox’s head office?
Upstox’s head office is in Mumbai, India. Upstox head office address is given below:
RKSV/UPSTOX
RKSV Securities India Private Limited
Sunshine Tower, 30th Floor,
Senapati Bapat Marg, Dadar (W),
Mumbai – 400 013.
Do users have to pay for using the Upstox trading platforms?
No. Users need not pay any fee for Upstox web & mobile platforms. Get a free trading and demat account with Upstox and start trading by using these platforms. There’s no fee to use the trading software.
Why we need a Demat Account?
You need a Demat Account to hold your shares easily in a digital format. A demat account is your gateway to buy and sell shares seamlessly.
What are the benefits of Demat Account?
Given below are the benefits of having a Demat account;
- Paperless & digital account opening facility
- Stable & fast trading platforms to buy and sell shares/ stocks/ mutual funds/ IPOs/ currencies/ commodity etc.
- You can track market movement in realtime.
- You can review your portfolio anytime, anywhere to view & make decisions. It also gives you your P&L (profit & loss) view with lots of other analysis like date of buy, duration, trends etc.
How to open a demat account?
Now a days, opening a Demat Account is very easy using online platform, it happens in few simple steps given below;
- Select a brokerage firm with whom you want to open a demat account.
- Fill-up an online form with details like your name, address, personal information, ID card details, bank information and source of income in few cases.
- Upload the required documents like ID & address proof, Bank details having your name, account number, IFSC code etc, income proof details if required.
- Once you complete the KYC and online verification process – Start trading!