Upstox is an online discount broker that focuses in stock and commodity trading. Upstox is a low-cost trading firm in India that offers trading opportunities at unbeatable prices. The company offers trading in various segments such as equities, commodities, currency, futures, and options through its Upstox Pro Web and Upstox Pro Mobile trading platforms. Kalaari Capital, Ratan Tata, and GVK Davix are among the investors in Upstox.
Trading, analysis, charting, and other advanced trading features are available on the Upstox trading platform. This platform facilitates order placement via mobile phones and web browsers. The Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System) underpin the Upstox trading platform.
Upstox Pro allows you to trade equity F&O, equity intraday, commodities, and currency derivatives. Upstox Pro is Upstox’s paid service for traders.
Upstox – Company Highlights
| Headquarters | Mumbai, Maharashtra, |
| Industry | Finance, Stock Exchange |
| Founders | Ravi Kumar |
| Founded | 2009 |
| Registered client | 3,864,087 |
| Website | Upstox .com |
Upstox Account Opening Charges
| Transaction | Charges |
| Account opening charges | Free |
| Amc charges | 150 |
Upstox Brokerage Charges
| Upstox Charges | Equity Delivery | Equity Intraday |
| Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | Rs 20 per executed order or 0.05% (whichever is lower) |
| STT | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction Charges | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Demat Transaction Charges | Rs 18.5 per scrip (only on sell) | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Other Charges
- Call & Trade: Rs 20 per executed order
- Physical contact notes cost Rs 25 each, plus courier fees. (Digital contract notes are completely free.)
- Fee for Instant Money Transfer: Rs 7 per transfer
Upstox advantages and disadvantages
Upstox Advantages
Before you open an account with Upstox, you should read the benefits and drawbacks.
Upstox Pros (Benefits)
- No charges for online account opening.
- A flat Rs 20 brokerage fee per trade across all segments (delivery, intraday, and F&O).
- No software uses charges.
- AMO, CO, SL, and GTT advance order types are available.
- For slabs of Rs 40,000, the Margin Trading Facility (MTF) is available at a daily interest rate of Rs 20.
- Margin Against Shares is available.
- Upstox Developer Console allows you to create (code) your own trading app in languages like Python.
- Upstox Option Chain Tool assists traders in determining Spot, Future prices, vertical rate comparisons, and obtaining details such as circuit levels, Open High Low Close, and market depth. Customers can use it to measure volatility, open interest, performance indicators, and check greeks.
- The Upstox MF Platform has thousands of Mutual Funds to choose from. Customers can invest using the Lumpsum or SIP patterns.
Upstox Disadvantages
- The stock delivery brokerage fee is Rs 20 per trade. Most other brokers provide stock deliveries free of charge.
- Upstox does not provide unlimited monthly trading plans,
- delivery trades are not eligible for margin funding.
- Does not provide stock recommendations or tips.
- Does not provide a 3-in-1 account.
- Does not provide 24 hour customer service.
- There is no API access for automated trading.
- Does not provide NRI trading or demat accounts.
- The call-and-trade fee is Rs 20 per completed order.
- An additional Rs 20 is charged for automatic settlement for each executed order.
Upstox Complaint
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
| NSE | 2022-23 | 2,880,604 | 402 | 0.01% |
| BSE | 2022-23 | 766,578 | 28 | 0% |
Additional information
| Offline no. brokerage / registered AP. | NA |
| Research & advisory services | NA |
| Referral amount | 500 To 1200 rs |
| API charges | 750 Pr months |
| Call & Trade charges | Rs. 50 per order |
