One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.
Upstox is a part of RKSV Securities backed by marquee investors like Ratan Tata, Tiger Global, and Kalaari Capital is one of the cheapest low-cost discount brokers in India. Upstox charges a lower of Rs. 20 per order or 0.05% brokerage on equity intraday, equity futures, commodity futures, currency futures trading, and options trading on BSE, NSE, and MCX charged with flat Rs. 20 per order brokerage. The broker charges Rs. 20 per order or 2.5%, whichever is lower on delivery trading.
The discount broker offers one of the finest online trading platforms; Upstox Pro App and Pro web built with Omnisys Nest OMS and Omnesys Nest RMS. Upstox Pro mobile app has a state-of-the-art charting feature, 250+ technical indicators, 10 years of price history, a pre-IPO apply feature, a free and hassle-free fund transfer process, and safe & secure Upstox Pro login with 2-factor authentication. It also has a guest login facility on the pro app that allows new users to access the mobile app features even before opening the Upstox Demat Account.
The page provides an unbiased and genuine Upstox Review 2023 of its brokerage charges, Demat & Trading account opening fee, Upstox account opening process, and Upstox Pro web and app trading platform features review.
Current offere from Upstox for InvestorGain Visitors:
Upstox is one of the cost-effective discount brokers that offer a flat or fixed brokerage pricing model at Rs. 20 per executed order. It charges a flat brokerage fee of Rs. 20 or 0.05% whichever is lower on equity intraday, equity futures, commodity futures & options, and currency futures & options, and a lower of Rs. 20/order or 2.5% on equity delivery trading.
|Trading Account Opening Charges:||Promotion offer: Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
Here we are comparing Upstox with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
|Equity Delivery||2.5% or Rs 20 whichever is lower||Flat Fee Rs 20||Free||Free||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
Upstox offers a 100% paperless and hassle-free account opening process that just requires your PAN + Aadhaar card + eKYC only. You can open a Upstox account through the Pro mobile app or website. Users can open a Upstox account online in just 10 minutes and it will get activated within 24 hours.
Upstox discount brokerage house has one of the best trading platforms in web and mobile app versions. Upstox Pro platform is built with Omnesys Nest OMS (Order Management System) and RMS (Risk Management System).
For detail review of mobile app and download please visit Upstox Trading Platform Review.
You can access Upstox customer services over email, helpline number, chat, and web support via raising a ticket online. It also has a dedicated account opening service desk for existing as well as new customers. Upstox help center resolves customer queries on various aspects like account opening, API, brokerage charges, global investment, pro web, and app platform usage, etc.
Upstox has established a strong foothold in the Indian discount brokerage space with 10+ years of operating history and 50 Lakh + active users. Its Rs. 20 flat brokerage prices on intraday and F&O trades along with a advanced Pro trading platform with quick order placement and faster trade execution made Upstox an excellent broker for intraday traders. However, if you only trade in delivery segments (CNC, Cash N Carry) then you should open an account with Zerodha which offers free delivery trading while Upstox charges a lower of Rs. 20 per order or 0.05% brokerage charges on delivery.
Last updated on: 2023-11-03
Upstox Customer Care, Upstox Online, Upstox Back Office, How Upstox Works, Upstox Broker, Upstox registered with SEBI, Upstox Withdrawal, Upstox Working Hours, Upstox Website, Upstox Benefits, When Upstox Started, Upstox Intraday, Upstox for Free, Upstox for Mac, Upstox for iPad, Upstox for PC, Upstox Helpline, Upstox Trading Time, Upstox charges
Yes, if you are a beginner then you can open an account with Upstox and start online trading at a maximum Rs. 20 per order brokerage. There are multiple reasons to trade with Upstox as follows;
Upstox offers online trading in stocks on the Pro web and Android and iOS Pro app platform. You just need to login to the Upstox Pro platform and then can start trading in your favorite shares. To buy shares in Upstox, follow the steps mentioned below.
Upstox provides online trading on its Upstox Pro web and mobile app-based trading platforms. To start trading with Upstox, it only requires customers to open a trading and Demat account. Here is the process;
CO stands for Cover order is actually a buy or sell order with a compulsory stop-loss order. However, OCO means One cancels other order is a bracket order or 3 legged orders of buying or sell limit orders, target profit order, and stop-loss order, in which, execution of one order automatically cancels the other order.
UPSTOX is India's one of the largest broking firms having the highest number of active clients. Over the years, it has gained customers’ trust by providing pleasant service with an excellent platform. There are a few compelling reasons why it is safe to trade through Upstox.
You can check the details of the brokerage charges of Upstox here below;
No, Upstox offers a free demat account at zero account opening charges and a lifetime Zero Demat AMC fee on maintenance of demat account. You can open Upstox account for free and start trading in equity, derivatives, commodity, currency at Max Rs. 20 per order brokerage charges.
Yes, of course, UPSTOX can be trusted. It has gained the trust of its customers immensely since its inception. There are a few compelling reasons why it is very safe to trade through Upstox.
UPSTOX (RKSV Securities Pvt. Ltd) was founded by two brothers Ravi Kumar, and Raghu Kumar, and their friend Shrini Viswanath in the year 2009. It started when discount brokers were not much popular in India. The low-cost discount broker is funded by Ratan Tata, Kalaari Capital, and GVK Davix.
Upstox provides a free account opening facility and also does not charge any maintenance fee. It further offers free direct mutual fund investment, however, trading in equity delivery, equity intraday, and futures & options trading is charged at a max Rs. 20 per executed order brokerage. Customers also have to pay Demat debit charges, turnover charges, and government taxes.
|Compare Upstox Vs 5paisa||Compare Upstox Vs Zerodha|
|Compare Upstox Vs Nuvama Wealth||Compare Upstox Vs Paytm Money|
|Compare Upstox Vs ProStocks||Compare Upstox Vs Espresso Sharekhan|
|Compare Upstox Vs Angel One||Compare Upstox Vs SAMCO|
|Compare Upstox Vs Fyers||Compare Upstox Vs Alice Blue|
|Compare Upstox Vs Finvasia||Compare Upstox Vs Sharekhan|
|Compare Upstox Vs TradePlusOnline||Compare Upstox Vs ICICIDirect|
|Compare Upstox Vs HDFC Sky||Compare Upstox Vs Aditya Birla Money|
|Compare Upstox Vs SAS Online||Compare Upstox Vs TradeSmart|
|Compare Upstox Vs Kotak Securities||Compare Upstox Vs Geojit|
|Compare Upstox Vs IIFL Securities||Compare Upstox Vs Reliance Securities|
|Compare Upstox Vs Ventura||Compare Upstox Vs AxisDirect|
|Compare Upstox Vs SBICAP Securities||Compare Upstox Vs Motilal Oswal|
|Compare Upstox Vs SMC Global||Compare Upstox Vs Anand Rathi|
|Compare Upstox Vs Bonanza Portfolio||Compare Upstox Vs Mangal Keshav|
|Compare Upstox Vs Marwadi Group||Compare Upstox Vs Monarch Networth|
|Compare Upstox Vs Sushil Finance||Compare Upstox Vs Religare Broking|
|Compare Upstox Vs IDBI Direct||Compare Upstox Vs Dhan|
|Compare Upstox Vs Arihant Capital||Compare Upstox Vs Nirmal Bang|
|Compare Upstox Vs Indira Securities||Compare Upstox Vs Stoxkart|
|Compare Upstox Vs Groww|