Upstox is the fastest-growing discount broker in India that provides trading opportunities at unbeatable prices. The low-cost broking firm was earlier known as RKSV Securities. It offers a wide range of qualitative trading products and services. In this blog post, let us take a look at the Upstox review 2021.
Here is everything you need to know in this Upstox review such as features, trading platforms, brokerage charges, advantages, and more.
Table of Contents
What is Upstox?
Upstox is a top discount broker in India that offers free delivery trading and fix brokerage of Rs.20 for intraday and F&O trading. Earlier, the discount broker was known as RKSV Securities. It is good for you if you want to save some money on brokerage.
Upstox is good for traders who look for high margins with low brokerages and decent trading platforms. It is a single platform for stocks, ETFs, IPOs, mutual funds, digital gold, and more.
What is Upstox Pro?
Upstox Pro is a trading platform offered by Upstox. It is a faster, simpler, and most powerful HTML-based trading platform in India. Upstox Pro platforms are available on both the web and mobile. It offers you an unmatched convenience in online share trading. You will come to know more about it in this Upstox pro review.
Here is a detailed Upstox broker review.
RKSV Upstox Review 2021 (Review of Upstox)
Is Upstox Good?
Upstox is one of the best discount brokers in India and is a registered member of SEBI, BSE, NSE, CDSL, and MCX. You can save up to 90% on brokerage charges with Upstox
Upstox is trusted by lakhs of Indians. At present, it has 40 lakh+ happy investors. I also have an account with Upstox. If you are planning to open a Demat account online, then Upstox is just the right place for you.
Is Upstox Safe?
Yes, Upstox is a safe and reputed broker for your investment. It is funded by leading investors such as Mr. Ratan N Tata and Tiger Global Management which makes it safe and trustworthy. There is a comprehensive 2FA authentication to make it secure.
Is Upstox Reliable?
Yes, Upstox is a reliable and trustworthy online stockbroker in India. The cost-effective brokerage plans make it a reliable and trustworthy discount broker. It is registered with the SEBI (Securities & Exchange Board of India) as a stockbroker. It is also a member of NSE, BSE, and MCX exchanges.
In my opinion, Upstox is best for
1. Who is looking for a digital account opening process (100% online paperless account opening)?
2. Who wants to save money on brokerage charges?
3. Who is looking for low brokerages with high margins?
4. Who is looking for decent trading platforms?
Quick Link to Open Upstox Account
What I like about Upstox
1. Simple and smart way to start investing in stocks, IPOs, MFs, digital gold, commodities, F&Os, and NFOs.
2. Easy, fast, and simple trading platforms.
3. Investing is free on Upstox! Zero brokerage on delivery orders.
4. Special offers like brokerage credit.
5. Fix brokerage of Rs.20 per trade for intraday.
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Upstox Review – Features & Benefits
1. Simple way to invest in stocks, F&Os, IPOs, MFs, digital gold, commodities, and NFOs.
2. Backed by leading investors such as Mr. Ratan Tata and Tiger Global Management.
3. Online account opening is 100% paperless.
4. At present, you need to pay Rs.299 to open a Demat + Trading account. However, these charges keep on changing.
5. Zero brokerage on equity delivery, MFs, IPOs, and digital gold forever.
6. Rs.20 per order intraday equity and F&Os.
7. You can open a Upstox IndusInd Bank 3-in-1 account (demat, trading, and saving account).
8. Upstox Demat account maintenance charge – Rs.25+18%GST per month.
9. Upstox offers a decent trading margin on intraday equity trading.
10. Upstox Pro trading platform in web and app versions.
11. Fund transfer with more than 40 major banks.
12. Both Android and iOS phones users can use the mobile trading app. There are no charges for software usage.
13. You will get various charts, financial data, and news to help you make better decisions.
14. Comprehensive 2FA authentication which makes it secure.
How much brokerage you can save with Upstox?
You can save a lot of money on brokerage if you open an account with Upstox. Now let us see with the help of an example that how much brokerage you can save.
1. If you are an investor
If you invest with Upstox then you have to pay nil brokerage as there is zero brokerage on stock investments (Delivery orders).
2. If you are a trader
In this case, let us assume you do 20 trades per month. Total trades per month is 20 if we include buying & selling sides. Upstox charges Rs.20 per trade/order on intraday trading. So with 20 trades per month, you have to pay Rs.400 as brokerage charges. And to your surprise, it is much lesser than what ICICI Securities or Sharekhan charges for intraday trading.
You can save up to 90% on brokerage charges if you open an account with Upstox. And this way it indirectly adds to your profits.
Upstox Review – Upstox Special Offers
1. Rs.99 charges for opening an account online. (It keeps on changing).
2. Zero brokerage on stock investments (Equity Delivery Orders).
3. Zero commissions on Direct Mutual Fund investments.
4. Zero commissions on Digital Gold investments.
5. 05% or up to Rs.20 for all Intraday & F&O, Currencies & Commodity trades.
6. 5x margins for Intraday/CO/OCO orders.
7. Trade with the easy, fast and simple trading platform.
Upstox Review – Upstox Charges 2021
Upstox Account Opening Charges
1. Upstox Demat account and trading account opening charges are Rs.99. Note that Upstox account opening charges keep on changing.
2. Monthly maintenance fee (AMC) –25 + 18% per month
Upstox Brokerage Charges
Upstox offers zero brokerage on stock investment (delivery orders) and a flat Rs.20 per order on intraday trading.
Detailed Upstox Charges
| Upstox Brokerage Charges | |
| Type | Brokerage Charges |
| Equity Delivery | Zero brokerage |
| Equity Intraday | 0.05% or Rs.20 per executed order (whichever is lower). |
| Equity Futures | 0.05% or Rs.20 per executed order (whichever is lower). |
| Equity Options | Flat Rs.20 per executed order. |
| Currency Futures | 0.05% or Rs.20 per executed order (whichever is lower). |
| Currency Options | Flat Rs.20 per executed order. |
| Commodity Futures | 0.05% or Rs.20 per executed order (whichever is lower). |
| Commodity Options | Flat Rs.20 per executed order. |
Upstox Brokerage Calculator
Click here to use the Upstox calculator to calculate the exact brokerage you have to pay and your breakeven.
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Upstox Review – Upstox Margin Details
The Upstox margin for Intraday/CO/OCO orders is 5x. There is no margin offered for options buying.
| Intraday Order Margins | |
| 5x | 1.33x |
| Equity | Index Futures and Stock Futures |
| Index and Stock Option Sell | |
| NSE Currency Futures | |
| MCX Futures | |
| CO/OCO Order Margins | |
| 5x | 1.33x |
| Equity | Index Futures and Stock Futures |
| Index and Stock Option Sell | |
| NSE Currency Futures | |
| MCX Futures | |
| Note: No Margin for Options buying | |
Upstox Margin Calculator
Click here to use the Upstox margin calculator. Just create your portfolio and see how much margin money is required to construct it.
Upstox Review – Upstox Trading Platform Review
Upstox is one of the best discount brokers in India. It offers simple and convenient platforms to its customers for easy trading. You can buy shares on one device – mobile, web, and desktop – and sell on another without skipping a beat.
1. Upstox Pro Web Review
Upstox pro web is a web-based trading platform that allows you to trade with flexibility. The strength of a desktop platform wrapped in your laptop. This is very useful for traders who don’t want to install any app or software.
You can access this sophisticated trading platform from your browser. Just log in to your Upstox account on this platform and access several features. It comes with advanced features like various charts, 100+ technical indicators, TradingView, and trade reports, etc.
2. Upstox App Review
Upstox Pro Mobile App is called Upstox App. It is one of the best trading apps in India that allow you to trade anywhere with ease. It is designed for traders.
This lightweight platform does everything that a desktop platform should and more. You can install the Upstox app on both Android and iOS versions. This is a small review of Upstox app.
Upstox (RKSV Securities) Membership Information
RKSV Securities: SEBI Registration No. INZ000185137
NSE Member Code: 13942
BSE Clrg Code: 6155
CDSL: IN-DP-CDSL- 00282534
NSDL: IN-DP-NSDL-11496819
CDSL: IN-DP-CDSL- 00283831
NSDL: IN-DP-NSDL-11497282
RKSV Commodities MCX Member Code: 46510
SEBI Regn. No. INZ000015837
RKSV Securities CIN number: U74900DL2009PTC189166
RKSV Commodities CIN number: U74110DL2012PTC236371
Upstox Contact Details
Upstox Contact Number: +91-22-6130-9999
Email: support@upstox.com
Website: Upstox Website
Address: RKSV securities limited, 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar West, Mumbai – 400013.
Upstox Customer Care (New Account Opening)
Upstox Contact Number: 022 4179 2991, 022 6904 2291, 022 7130 9991
Timings: 9 AM to 11 PM (Everyday).
Email: new.account@upstox.com
Upstox Customer Care (Existing Users)
Upstox Contact Number: 022 4179 2999, 022 6904 2299, 022 7130 9999
Timings: Monday – Friday 8AM to 11PM
Saturday – Sunday 9AM to 11AM
Email: support@upstox.com
You can also get chat support between 9 AM and 7 PM, Monday – Saturday
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How to open account in Upstox?
Upstox account opening process is reasonably fast as compared to other discount brokers. The entire process of Upstox account opening is available online. You can open Upstox Demat and Trading account using your PAN card and Aadhaar Card. You also need your mobile number that is linked with your Adhaar to authenticate your application form.
How to open Demat account in Upstox?
You need to follow the following steps for a completely paperless and quick account opening process.
1. Click here to visit the account opening page.
2. First of all, you need to sign up by entering your mobile number and email Id. You will receive an OTP to your mobile number to authenticate your mobile number.
3. Once authentication is complete, move to the next stage of the application process. Enter your PAN number and date of birth.
4. Next, provide your personal information and bank details.
5. Here, you need to enter your signature on the screen.
6. Next, click on the “Connect your Digilocker with Upstox” tab. Note that there is no need to upload your KYC documents in case your Aadhaar is linked with your mobile number
7. Here, you need to enter your Aadhaar number. You will get an OTP on your registered mobile number. Enter the OTP (One Time Password) and click on the “Allow” tab.
8. Here, you need to allow to capture a live photo.
9. Next, enter the OTP which you received in your email.
10. Here, you have to click on the “eSign with Aadhaat OTP” tab. And enter the OTP received.
11. Click on the “Sign Now” tab. You will again receive an OTP. Enter the OTP (One Time Password) and click on the “Submit” tab.
12. Upstox Account opening team will activate your account at the earliest.
13. Once your account is opened, you can Upstox login and start trading and investing using Upstox tools.
14. This is how to open Upstox account online. Happy investing!
Quick Link to Open Upstox Account
Upstox Review – Advantages and Disadvantages of Upstox
The following are the advantages and disadvantages of Upstox (RKSV). You must read this section before opening an account with Upstox. After reading the advantages and disadvantages of Upstox you will come to know that if it suits your investment needs.
Advantages of Upstox
The following are the advantages of Upstox (RKSV).
1. One of the best discount brokers in India for traders.
2. Easy, fast, and simple interface for stock investment.
3. Digital account opening process. The online account opening process is paperless and hassle-free.
4. You can invest in stocks, F&Os, IPOs, digital gold, mutual funds, commodities, and NFOs
5. Zero brokerage on stock investments. You do not have to pay brokerage for delivery orders in the equity segment.
6. Flat Rs.20 per trade on intraday trading.
7. Zero commissions on digital gold and direct mutual fund investments.
8. Access to various charts, financial data, and news to help you make better decisions for investment.
9. Upstox trading app is available for both Android and iOS phones.
10. It is backed by investors such as Mr. Ratan N Tata and Tiger Global Management.
11. Fund transfer facility is available with more than 40 major banks.
Disadvantages of Upstox
With the above-mentioned advantages, Upstox has some disadvantages that are listed below:
1. Upstox margin is not available on delivery trades.
2. Unlimited monthly trading plans are not available.
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Frequently Asked Questions – Upstox Review
1. What is Upstox app?
Upstox app is a free mobile trading app built for traders. It is available for both Android phone and iOS phone users. You can download the Upstox app and do trading at NSE, BSE, and MCX exchanges from anywhere.
2. Who owns Upstox?
Upstox is a low-cost broking firm owned by Mumbai-based RKSV Securities Pvt Ltd.
3. Is Upstox free?
Upstox offers nil brokerage on stock investments. For other segments, there are flat charges of Rs.20 per trade.
4. Is Upstox trusted?
Yes, Upstox is a trusted discount broker in the country. It is registered with the SEBI as a stockbroker and also a member of NSE, BSE, and MCX exchanges. It is backed by reputed investors like Ratan N Tata and Tiger Global Management.
5. How to use Upstox app?
Upstox app is a mobile trading app built for traders for online trading at BSE, NSE, and MCX. Android and iOS phone users can use this app. You can use this app for the following tasks:
- For opening a 100% paperless Demat account.
- Investment in stock market.
- Trade-in F&O at BSE and NSE exchanges.
- Trade-in commodities at MCX exchange.
- Investing in Digital Gold.
- Investment in direct mutual funds.
- Invest in IPOs and NFOs.
- Transfer money from and to your trading account.
- Do stock analysis.
- Check your portfolio (Positions & Holdings), orders, funds, etc.
This is how to use Upstox pro app.
6. How to use Upstox pro web?
Please refer to answer to the question no. 4 for this.
7. How to buy mutual funds in Upstox?
Buying mutual funds in Upstox is very easy. Just visit the Upstox Mutual Fund platform page and start browsing. Choose the fund of your choice. You can study all the details such as the fund’s units, the minimum amount to invest for the fund after you log in to your Upstox account.
8. Can we earn money from Upstox?
Yes, you can earn an unlimited amount of money from Upstox. Just open a Demat account in Upstox. Refer your friends to open Upstox accounts & get rewarded for every successful referral. There is no limit to earning referral money with Upstox.
9. How to earn money from Upstox?
Open a Demat account on Upstox. And start referring your friends to open a Upstox account. And you will get rewarded Rs.500 (The amount keeps on changing) for every successful referral.
10. Is Upstox backed by Ratan Tata?
Yes. Upstox is backed by marquee investor Mr. Ratan Tata.
Quick Link to Open Upstox Account
Upstox Review – Final Thoughts
Upstox is one of the best discount brokers in India. So if you are looking for easy, fast, and simple trading platforms you should go with Upstox. It is one of the best trading platforms for intraday traders and investors. Moreover, you will also get convenient services at minimal brokerage cost which are good for trading. This is my honest review of Upstox app.
Upstox Review 2021 – An Honest Review
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