Upstox Review 2023 – Brokerage, AMC, Margin (Honest Review)

Upstox is one of the best discount broker in India. It was formerly known as RKSV Securities which stands for the letters of the owner of the company namely, Ravi Kumar, Raghu Kumar, Shrinivas Viswanath.

Upstox has a technology-driven platform, which allows customers to trade and invest online. Upstox offers a platform to invest or trade in stocks, futures, options, commodities, and currency. You can also invest in IPO, digital gold or mutual funds.

Upstox is a platform backed by investor groups, namely Ratan Tata, GVK Davix, and Kalaari Capital, which makes it safe & reliable broker for trading and investment.

Upstox Demat Account Features:

1. Low Brokerage

Upstox charges a flat Rs. 20 flat brokerage per trade. Short-term and Intraday trader will benefit from this. This is the lowest brokerage you will encounter, especially when you compare it with other brokers.

2. Invest in Mutual Funds with 0% Commission

Upstox offers mutual fund investments with zero commission. You can invest in mutual funds through Upstox, which will surely help you invest in mutual funds without worrying about the commission charges. This is one of the best features offered by Upstox to its customers.

3. One-Click Trading

You can trade stocks in just one click, wherein you need to fill only the quantity and price when making an order on their trading platform.

4. FREE Account Opening & ZERO AMC

Upstox is offering free demat account opening with zero AMC. Also, there are no charges or hidden fees.

Upstox Review - Brokerage Charges, AMC, Margin, Pros & Cons

Upstox is one of the leading discount broker in India. The broker claims to have over 4 million users as of 2021.

Upstox Review: Brokerage & Account opening charges

You can open Upstox account using our link and get absolutely FREE demat account and the following benefits:

• No Annual Maintenance charges
• Get FREE Rs. 1000 brokerage credit
• Brokerage is Rs. 20 per trade 
• One app for all(Stocks, futures & options, mutual funds, IPO & more)
• Many more benefits

Upstox Brokerage

• Delivery (Cash N Carry) - Upstox charges ₹20 or 2.5% whichever is low on Equity Delivery.
• Intraday, F&O, Currency and Commodity - ₹20 or 0.05% whichever is lower on Equity Intraday, Futures and Options, Currency and Commodity.
• Mutual Funds & Digital Gold - Upstox doesn't charge any brokerage fee for mutual funds and digital gold.

Upstox Margin

• Intraday/CO/OCO - Upstox offers 5x margins for Intraday/CO/OCO Orders
• Equity Delivery - 1X (No margin)
• F&O - Upstox - 1X (No margin)

Upstox AMC

You do not have to pay any annual maintenance charges in Upstox when you register using this link.

How to Open the Account with Upstox?

Upstox offers you to open your demat and trading account paperless. You must have the following documents ready to open the account with Upstox:

1. Aadhaar Card
2. Pan Card
3. Signature
4. Photographs
5. Income proof (if you wish to trade in derivatives)

Follow the steps to create an account with Upstox:

Step #1 - Click here to avail the FREE demat account and Brokerage FREE offer.

Step #2 - You have to enter your Mobile, email address, Pan card, date of birth, personal information and bank details.

Step #3 - After that login via DigiLocker and submit your documents via DigiLocker Government of India.

Step #4 - Now, complete your e-sign and wait for approval. You will be approved within 24 hours.

Step #5 - After your account is approved, you can start trading or investing.

Conclusion

Upstox is one of the best discount broker in India. If you are looking for an advanced trading platform, you can go for Upstox. It's easy to use and has a very good interface. I would recommend Upstox for trading. For alternative I would go for Zerodha.

Upstox FAQs