Upstox Review

Upstox Review 2021

RKSV ( Upstox ) is ONE of India’s fastest-growing brokers with over 2 Million Plus Customers.

Upstox review

Why choose Upstox ?

  • Upstox is trusted broker in india.
  • Free equity delivery trades for life.
  • Low brokerage on intraday orders ( RS-20/per order ).
  • Invest in direct mutual funds plans that charge 0% commissions.
  • Smart transfer feature to earn interest on idle trading account funds.

Upstox Pro Platform for Pro Traders Features

  • Upstox pro web & mobile app is one of India’s highest-rated trading apps.
  • 99.9% up time.
  • Trade across web and mobile without skipping a beat.
  • 13 Chart types, 105 indicators, 20 drawing tools.
  • Place buy/sell orders directly from watchlists, charts, scrip details, market depth, option chain, alerts, positions, traders, orders.
  • Share your stock analysis with friends, family, and followers on social media through upstox exclusive chart sharing feature.

Upstox Review – SMART, SWIFT & SECURE

  • A single platform to invest in Stocks, F&O, Mutual Funds, Basket Orders
  • Instant price alerts and updates
  • Apply for new IPOs or NFOs within seconds!
  • Completely paperless & quick account opening:

Upstox Charges

Equity

Upstox ChargesEquity DeliveryEquity IntradayEquity FuturesEquity Options
BrokerageZero brokerage₹20 per executed order or 0.05% (whichever is lower)₹20 per executed order or 0.05% (whichever is lower)Flat ₹20 per executed order.
STT/CTT0.1% on both buy & sell. 0.025% only on sell.0.01% only on sell. 0.05% only on sell. 
Transaction ChargesNSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group NSE: Exchange turnover charge: 0.0020%Clearing charge: 0.0002%NSE: Exchange turnover charge: 0.053%Clearing charge: 0.005%
Demat transaction charges₹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 Charges₹5/crore₹5/crore₹5/crore

Currency

Upstox ChargesCurrency FuturesCurrency Options
Brokerage₹20 per executed order or 0.05% (whichever is lower).Flat ₹20 per executed order.
STT/CTTNo STTNo STT
Transaction ChargesNSE: Exchange turnover charge: 0.0009%Clearing charge: 0.0004%BSE:Exchange turnover charge: 0.00022%Clearing charge: 0.0004%NSE:Exchange turnover charge: 0.04%Clearing charge: 0.025%BSE:Exchange turnover charge: 0.001%Clearing charge: 0.025%
GST18% ( on brokerage+transaction charges)18% (on brokerage+transaction charges)
SEBI Charges₹5/crore₹5/crore
Upstox charges

Commodities

Upstox ChargesCommodity FuturesCommodity Options
Brokerage₹20 per executed order or 0.05% (whichever is lower).Flat ₹20 per executed order.
STT/CTT0.01% on sell trade (Non-Agri)0.05% on sell trade
Transaction ChargesNon-Agri: Exchange turnover charge: 0.0026%Clearing charge: 0.0005%Exchange turnover charge: 0Clearing charge: 0.002% on buy + sell [₹200/crore]
GST18% ( on brokerage+transaction charges)18% (on brokerage+transaction charges)
SEBI Charges₹5/crore₹5/crore

How to Open Upstox Account ?

Account opening process at Upstox Account Sign Up Page

Upstox review
Upstox Review of account opening

You Need Following documents

Proof Of Identity

  • PAN Card
  • UID (Aadhaar)
  • Driving Licence
  • Passport
  • Voter Identity Card
  • NREGA Job Card
  • Any document notified by the central government

Proof of address

Lastly, you’ll need to submit proof of address in India. There can be some overlap of address proof and ID proof documents. The full list includes:

  • Passport
  • UID (Aadhaar)
  • Voter Identity Card
  • State issues Driving License
  • NREGA Job Card
  • Utility bill which is not more than two months old of any service provider (electricity, telephone, post-paid
    mobile phone, piped gas, water bill).
  • Bank account or Post Office savings bank account statement.
  • Documents issued by Government departments of foreign jurisdictions and letter issued by Foreign Embassy or Mission in India.

Proof of bank

You’ll have to show proof of the bank account that you wish to connect with your account. If you have a canceled cheque that has your name on it then you can send it to your broker along with the account opening forms. Or, if you’re opting for the online account opening process you can upload the canceled cheque with the bank’s IFSC code to the online portal.

In a bank proof a broker needs the following from you:

  • Your name
  • Bank’s IFSC Code
  • MICR

Some brokers allow you to submit your bank statement which has your name, MICR, and bank’s IFSC code, or the front page of your passbook as long as it has all the above details clearly visible.

Fields that are to be filled in the Demat account form:

  1. Type of account (Ordinary, NRI, NRI-Non-Repatriable or HUF)
  2. Account holder information (name, address, telephone no., email id etc.)
  3. Second holder details
  4. Guardian details
  5. Extra information for NRIs (foreign address, RBI reference no. and RBI reference date)
  6. Bank details (Account no. , account holder’s name etc.)
  7. Financial details (PAN number)
  8. Photograph
  9. Declaration (Holder’s name and signature)

Upstox Refer and Earn

Upstox Story

2010 – 3 Traders 1 idea

Raghu Kumar ( RK ), Ravi Kumar ( RK), and Shrinivas Viswanath ( SV ) founded RKSV Securities India Pvt. Ltd. to make trading convenient & cost-effective.

2012 – RKSV opens to the public

By entering the retail brokerage space as a discount-broking firm.

2016 – Upstox Launches

Backed by Mr.Ratan Tata, Kalaari Capital, and GVK Davix RKSV Updated and raised about $4 million

2018 The Upward trend begins

Upstox became one of the first ones to introduce e-dis services in place of Power of Attorney letters.

2019 – Upstox achieves a historic first

Upstox successfully opened 1 lakh Demat accounts in less than a month.

2020 – 2 Million customers and still counting

From 25k customers in 2017 Upstox scaled to 2M customers in 2020 and became the 2nd largest broker in India.

2021 – Partnering with IPL

BCCI announces Upstox as the Offical Partner for IPL!

2022 – What’s next?

Stay tuned to find out!

Upstox Review 2021

Upstox FAQ:

What is Upstox account ?

Upstox is Demat & Trading Account.

How to Open Upstox account online ?

Visit Upstox sign up page or Download upstox app.

Upstox account opening charges ?

Every 15 days upstox account opening charges change and sometime account opening is free also.

Who owns Upstox ?

Backed by Mr.Ratan Tata, Kalaari Capital, and GVK Davix RKSV.

Is Upstox trusted ?

Yes.

How to earn from upstox ?

From Upstox refer and earn program.

How to close Upstox account ?

Create Ticket in Upstox App for account clousre.