Upstox Review


● Upstox is earlier known as RKSV. It is mumbai based Discount Broker .

● It is founded by Raghu Kumar, Ravi Kumar and Shrinivas Viswanath.

● It is basically a trading platform from RKSV that offers trading in different segment like ✔Equity, ✔Commodity and ✔Currency Derivatives trading services at 📈BSE, 📉NSE and 📉MCX.

Upstox is very well known for its design and developed trading platform with advance technology tools and All the platforms are built in-house of RKSV that makes trading very easy and effective for its traders.

● Platforms are very less in weightage that can easily download and operate on Mobile, Tabes, laptops and Desktop with the normal internet connection.

● It offers Mobile trading, Web Trading application.



Brokerages Charges


Plan 1 - Upstox (Upstox Basic)

● Equity Delivery Based Trades: Rs 0 (no trade limit)


2. Plan 2 - Upstox Pro

● Equity Delivery Based Trades: Rs 0 (Free Unlimited Equity Delivery 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: Rs 20 per executed order (on Turnover)

● Currency Futures: 0.01% or Rs.20 per executed order (Whichever is lower)

● Currency Options: Rs 20 per executed order

● Commodity Futures: 0.01% or Rs.20 per executed order (Whichever is lower)



Trading Margin

Regular - Intraday Trade

● Intraday Trading - up to 20 times Margin.

● Equity Delivery Trading - doesn't offer any Margin for equity delivery trading.

● Futures Intraday Trading -

  • ○ Equity & Index futures - 4 times margin
  • ○ Currency futures - 4 times margin (Order squared off at 4.30pm)

● Delivery - doesn't offer any exposure in futures delivery trading.

● Options Intraday or delivery Trading - doesn't offer any margin for Options Trading.

● MCX - up to 3 times

Priority Pack - Intraday Trade

● Intraday Trading - up to 25 times Margin

● Equity Delivery Trading - doesn't offer any Margin for equity delivery trading.

● Futures Intraday Trading -

  • ○ Equity & Index futures - 7 times margin
  • ○ Currency futures - 5 times margin

● Delivery - doesn't offer any exposure in futures delivery trading.

● Options Intraday or delivery Trading - doesn't offer any margin for Options Trading.

● MCX - up to 4 times



Trading Platforms

Upstox platforms are quite high in technology as comparison to available platforms of other brokers. Upstox offers Nest, Web Pro and Mobile apps of trading platforms with advance features of trading i.e

● User can stremming data in multiple interface in single time

● High speed avoid transaction delay.

● Live streaming of price from NSC and BSC for all segments

● Advance Charting Features like Line charts, candlesticks with charting incatores



Advantage & Disadvantage of having account with Upstox

Advantage

🙂 Advance and very high level of technology platform

🙂 Highly recommended for those who wants only demat.


Disadvantage

🙁 Additional Rs 20/- charge for call on trade

🙁 GTC orders are not available in equity trading

🙁 No solution for IPO,FPO and MF investors.

🙁 3-in-1 accounts are not available

🙁 Company doesn't provide banking services.

Open an account with Upstox