UPstox

Upstox is the trading platform offered by RKSV(2008 – Retail operations from 2012 as RKSV), the popular discount broker offering Equity, Commodity & Currency Derivatupstoxives trading services at BSE, NSE & MCX. It is built on top of Omnesys NEST OMS (Order Management System). Upstox makes it easy to place orders through mobile phones & web browser. Theyoffers absolutely free trading account & free trading in Equity Delivery segment. Trading in Equity F&O, Equity Intraday Commodities & Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of UpStox for traders. Trading platform offers trading, analysis, charting & many more rich trading features.

Website. Click to open website
Demat Account. NSDL- Partnership with ILFS.
Trading Exchanges. NSE, BSE & MCX.
Broker Type. Discount Broker.

Account opening Charges.

Trading Account. NA.
Demat account. Rs 300.
Commodity Account. Rs.0.
Trading Annual maintenance charges (AMC). Rs 400 Per Year.

Brokerage Charges.

1. Plan 1 – UPstox Basic.
Equity Delivery Based Trades: Rs 0 (no trade limit).

2. Plan 2 – Upstox Pro
Equity Delivery Based Trades: Rs 0 (Unlimited trades).
Equity Intraday Trades: 0.01% or Rs 20 per executed order (whichever is lower).
Equity Future: 0.01% or Rs 20 per executed order (whichever is lower).
Equity Options: 0.01% or Rs 20 per executed order (whichever is lower) (on Turnover).
Currency Futures & Options: 0.01% or Rs 20 per executed order (whichever is lower).
Commodity Futures: 0.01% or Rs 20 per executed order (whichever is lower).

SEGMENT. Basic Brokerage. Pro Brokerage.
Equity (Intraday). Not Applicable. Rs 0.
Equity (Delivery). Rs 0. 0.01% or Rs 20/Trade whichever is lower.
Equity Futures. Not Applicable. 0.01% or Rs 20/Trade whichever is lower.
Equity Options. Not Applicable. Rs 20/trade.
Currency Futures. Not Applicable. 0.01% or Rs 20/Trade whichever is lower.
Currency Options. Not Applicable. Rs 20/trade.
Commodity. Not Applicable. 0.01% or Rs 20/Trade whichever is lower.

Leverage or Margin.

SEGMENT. Dream Plan. Pro Plan. Ultimate Plan.
BSE & NSE Cash. 20 Times. 20 Times. 20 Times.
NSE Futures. 4 Times. 4 Times. Upto 6 Times.
NSE Options. 3 Times. 3 Times. 4 Times.
NSE Currency F&O. 3 Times. 3 Times. 4 Times.
MCX Commodities. 2.5 Times. 2.5 Times. 3 Times.

Charge Explained.
STT: This is charged only on the sell side for intraday & F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty: Charges based on the state the customer is located in.
Service Tax: This is charged at 14% of the total cost of brokerage plus transaction charges.
SEBI Turnover Fees: This is charged at Rs 20 per Crore.
Transaction or Turnover Charges: This is charged at Rs 350/crore for Equity, Rs 210/crore for Futures, Rs 5500/crore on premium for options.

Other Charges (UPstox Broker Hidden Charges / Fees).
Call & Trade: Rs 20/- per executed order.
Physical contract notes: Rs 25 per contract note plus courier charges. (Digital contract notes are free.).
Instant Money Transfer Fee: Rs 7 per transfer.

Trading Platform Or Software.

Web based. YES..

Some Useful Features.

Online Trade Reports. No Info.
Online PNL Reports. No Info.
Intraday Chart Facility. NA.
End of Day Chart Facility. NA.
3 in 1 Account. No Info.
Instant Fund withdrawal. No Info.
Relationship Managers. No Info

Advantages.

1.India’s first truly free investing app.Finally, buy & sell stocks at 0% brokerage.
2.Investing in Equities beats investing in Gold & Fixed Deposits by a wide margin.Your profits are also tax free, unlike Gold & FD’s
3.After Market Order (AMO), Cover Order & BO are available on both web & mobile.
4.Trailing-Stop/Stop-Loss (SL) is available in both web & mobile.
5.NEST will remain available for first few months after the RKSV customers are moved to Upstox.
6.Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
7.In basic plan, brokerage is free but you still have to pay DP changes.
8.Algo-trading facilities is not available.

Disadvantages.

1.Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
2.In basic plan, brokerage is free but you still have to pay DP changes.
3.Algo-trading facilities is not available.

Customer Care Services.

Contact Details. Registered Address.
RKSV, 807
New Delhi House, New Delhi 110001.
Corporate Office.
212 Trade Centre, BKC,
B&ra (E), Mumbai 400 098.
Call. Customer Care.
022-61309999.
Email. iNo Info.
Complaints Or Grievances. complaints@rksv.in

Sebi Registration.

RKSV Securities: NSE CM: INB231394231, NSE F&O: INF231394231.
NSE CDS: INE231394231, CDSL: IN-DP-CDSL- 00282534.
NSDL: IN-DP-NSDL-11496819, BSE CM: INB011394237.
BSE F&O: INF 011394237, CDSL: IN-DP-CDSL- 00283831.
NSDL: IN-DP-NSDL-11497282, RKSV Commodities MCX Member Code: 46510.
FMC Regn. No. MCX: MCX/TM/CORP/2034.
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One Response

  1. chetan jain May 9, 2017

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