Upstox Review: trading platform, charges, margin, Pros & Cons


Do you want to jump directly to the answer?

Then I highly recommend Upstox because Upstox provides the best broking service compare to others.

Benefits of trading with Upstox

 upstox platforms
  • Easy, fast & simple interface
  • Zero brokerage on Stock investments
  • Buy/ sell real-time from anywhere
  • Option chain with strategy mode

Upstox is one of the fastest-growing discount brokers in India, with more than 5 million  account holders. Unlike many competitors, Upstox has always been more interested in improving its technology platform than running expensive marketing campaigns.

According to their website, they provided the best broking service. There is a lot to process, and Upstox promises tons of benefits. But is it all true?

After testing its services, I decided to write this Upstox review, which I hope will help you determine whether it’s the best option for your investment journey.

Upstox Demat Account Opening:-

Opening a Demat and trading an account with upstox is very easy. You need the same document, and your account is ready to use.

Required document of open Demat and trading account whit upstox:

Required document list

Want to know how to open Demat & trading account? Then read this article How to Open a Demat Account?

Upstox Demat Account Pricing:-

upstox pricing attractive in the market. I chose upstox is the main reason is pricing plans. lets review pricing and brokerage plans.

Upstox Demat Account Opening Charges:-

upstox did not charge any amount for opening a Demat account. but, Upstox AMC charges in 2021 is Rs.25 per month for maintenance, so it is average in the Industry

The table chart provided below is detailing about the account opening charges of Upstox –

activitiescharge
Demat Account Opening ChargesRs. 0
Trading Account Opening ChargesRs. 0
Demat AMC ChargesRs.25 per month
Trading AMC ChargesRs. 0

If you are interested in opening a Demat account whit upstox, follow this link to open a free Demat account.


Upstox Brokerage Charges Review:-

Upstox is a un discount broker. it was the first in the Industry to launch unlimited trading plans at a fixed price.

let’s check the following table what they offer.

TypeBrokerage Charges
Equity DeliveryRs. 0
Equity IntradayLower of Rs. 20 per executed order or 0.05%
Equity FuturesLower of Rs. 20 per executed order or 0.05%
Equity OptionsRs. 20 per executed order
Currency Futures & OptionsFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order
Commodity F&OFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order
Call & trade service Rs. 20 per order.

(if you want calculat Brokerage Charges then follow link.)

As a notice, Upstox charged a ZERO brokerage fee for equity delivery trading. For equity intraday trades, brokerage charges are Rs. 20 per order or 0.05% (whichever is lower) for both buy and sell orders.

For Futures, Upstox will be charged Rs. 20 or 0.05% (whichever is lower) per order. For Options, will be charged a flat fee of Rs. 20 per order. Maximum brokerage cost remains Rs. 20 per order irrespective of the size of the order.

As camping to a competitor, Upstox pricing is attractive. I did not have any doubt in brokerage.


Upstox Margin plan Review:-

Upstox offers two different types of Margin plans to suite traders need:

  • Upstox Basic Plan
  • Upstox Priority

Upstox priority plan is for experienced traders who need a higher margin as compared to Upstox basic plan.

You can choose the Upstox priority plan, but only if you require a higher margin because the priority plan charges are higher than the upstox basic plan.

Upstox Margin Intraday:-

SegmentBasicPriority Pack
NSE/BSE Cash15X20X
Index Futures3X6X
Stock Futures3X3X
Index Option Sell3X6X
Stock Option Sell3X3X
NSE Currency4X4X
MCX Future2.5X3X

Upstox Margin OC/OCO orders:-

SegmentBasicPriority Pack
NSE/BSE Cash20X27X
Index Futures20X28X
Stock Futures5X6X
NSE Option Buy1.33X2X
Index Option Sell3X4X
Stock Option Sell3X3X
NSE Currency4X5X
MCX Future3X4X

Upstox Trading Platforms Review:-

upstox png

Upstox offers mobile and website-based trading. Upstox’s trading platform is built in-house by RKSV to make it extremely easy to place orders through mobile and a web browser.

also, upstox pro support third-party software like- NEST TraderDartstock, and Fox Trader; this software made trading very easy and profitable

Upstox Pros & Cons:-

Upstox Pros
  • Free Demat and Trading Account opening
  • ZERO brokerage fee for equity delivery trading
  • attractive pricing and brokerage
  • very low technical glitches
  • offer 3-in-1 Demat account help of Indusind bank
  • Ease to use software
  • Aadhaar-based Demat account.
  • Provides additional services such as mutual fund screeners, margin calculators, and option strategy builders
Upstox Cons
  • Don’t offer unlimited trading plans.
  • Did not provide Equity SIP
  • No 24/7 Customer Service
  • Did not provide Research Equity Report

When using do you start using Upstox?:

  • If your new market wants to follow buy and hold strategy, I recommend you upstox because upstox charged a ZERO brokerage fee for equity delivery trading.
  • you day trader and you did not need to any Free Tips then you join their platform because upstox give you vary powerful software like- FoxTrader, amibroker .etc
  • upstox broking charges vary low, so you want to save your money ten choose upstox

When not to use Upstox?

  • If you do not know how to find good stocks and always have to be dependent on someone’s tip. Then don’t use it go whit full-service broker or mutual funds.
  • It did not provide 24/7 Customer Service. If you have any query, then you need to raise a ticket. So if you always need help then go whit others.

Upstox Review: FAQs:-

  • Who is Upstox?

    Upstox is one of India’s fastest-growing fintech brokers, with no brokerage on stock investments & only Rs 20 on intraday trades. upstox becomes the first in the Industry to launch unlimited trading plans at a fixed price.

  • Can I use Upstox on my phone?

    Yes, upstox provides a free mobile app. you can go into a play store and download it.

  • Is Upstox actually good for trading?

    Yes. upstox provide free software like- Fox Trader, AmiBroker, Nest Trader. so that help you trading

  • Can we trust Upstox?

     Upstox is a registered member of SEBI, BSE, NSE, MCX, and CDSL, and It is audited regularly by the exchanges so that you can trust Upstox. 

  • How do I open an Upstox account?

    The easiest way is to open an account online. You can just visit upstox.com and enter your details, including your Aadhar card number and Pan Number. Upstox verifies these details. You can upload proofs of your identity, address, and earnings documents, and you will have your account opened. 

  • What documents are required to open a upstox demat account?

    Opening a demat account is Aadhaar-based You have to keep these documents handy to fast-track your application:
    Aadhaar Card, PAN Card, Canceled Cheque, and the Latest Bank Statement with IFSC/MICR code.

  • How much time does it take to open a upstox demat account?

    Once you submit your complete account opening form and upload all the required documents for verification, it takes about 12-24 hours to open an account.

  • What are the Advantages of upstox Demat account?

    With Upstox, investors trade in the stock market with low pricing, high margin, and fast trading platform.

  • How to Open Demat and Trading Account in upstox?

    go into upstox site
    Fill up the form, paper or paperless & submit for verification.
    All your details are scanned and verified for opening your account.
    Once verified, you receive a unique ID & voila, you are ready to trade.
     

Upstox Review Final Reflections:

upstox is a very famous broker in India; more than 2 million people already believe it. I use upstox for more than five years. It’s a simple mobile app that easy to use, so you are new then you don’t have any problem using the trading app,

Its broking charges are low compared to others. So your saving increasing continuously.

The conclusion is I recommend you to start using upstox for trading and to invest because it was Best.

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