Upstox is the trading platform offered by RKSV(2008 – Retail operations from 2012 as RKSV), the popular discount broker offering Equity, Commodity & Currency Derivatives 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.
Upstox offer 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. | www.upstox.com |
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. |
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Zero Brokerage on Equity Delivery Trades
Flat ₹20 or 0.03% (whichever is lower) for Intraday and F&O
Trade with the best platforms and tools
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.
- India’s first truly free investing app.Finally, buy & sell stocks at 0% brokerage.
- Investing in Equities beats investing in Gold & Fixed Deposits by a wide margin.Your profits are also tax free, unlike Gold & FD’s
- After Market Order (AMO), Cover Order & BO are available on both web & mobile.
- Trailing-Stop/Stop-Loss (SL) is available in both web & mobile.NEST will remain available for first few months after the RKSV customers are moved to Upstox.
- Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
- In basic plan, brokerage is free but you still have to pay DP changes.
- Algo-trading facilities is not available.
Disadvantages.
- Brokerage free trading not available for Eq Intraday, Eq F&O, Commodities & Currency Derivatives trading segments.
- In basic plan, brokerage is free but you still have to pay DP changes.
- 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. | [email protected] |
Also Read: Upstox Vs Zerodha
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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I had a wonderful experience trading with upstox