Upstox Review 2020- An Honest Brokerage Review

Upstox which was used to know RKSV Securities is a discount broker, good for traders who look for low brokerages. Uptosx is best for you if you want to pay small brokerage. Upstox brokerage charge only Rs. 20 per trade irrespective of the trading volume.

Upstox Indusstox Review-

IndusStox 3-in-1 account is a combination of Trading, Demat, & Bank account i.e you will get the benefit of all account in one account. You can even convert your present account in this new indusstox account.

The savings account is a zero-balance account. The best part is that, they have a reward system you will get the reward on transaction of amount or more than 200 rupees. Later you can use this reward points in the brokerage charge.

Benefits of IndusStox-

1 There is no requirement of any minimum balance.

2 Funds allocated from your Savings a/c for trade you will earn interest from them.

3 It will cost you Zero charges on Call and Trade. You can do Up to 10 calls in a month.

4 You can open free demat & Trading account.

5 You can transfer your fund for free with no limit or cap

6 Brokerage charge on delivery is Zero

7 The fixed brokerage of ₹20 per intraday trade

Upstox Brokerage Charges

Table shows the brokerage charged by upstox for various sections.

Equity Delivery Free
Equity F&O, Commodity and Currency Rs. 20 per trade
Equity Options Rs. 20 per executed order
Equity Intraday Rs. 20 per executed order
Equity Futures Rs. 20 per executed order
Currency Options Rs. 20 per executed order

Upstox Account Opening & Annual Charges

Table below shows the account opening and annual charges required in opening an account

Account Opening Charges Rs. 150
Annual Maintenance Charges Rs. 0
Demat Account Opening Charges Rs. 0
Demat Account and Annual Maintenance Charges Rs. 150

Trading Platform Offered by Upstox-

1. Upstox Pro Web-

Upstox Pro web is the best trading platform which is based upon browser provided by Upstox. It will help you to read the data through charts, algo trading, API integration, and technical indicators. These features will help you do understand the market and in-depth analysis of stocks and sector.

You can access the live data with the help of upstox pro web, it is Drag and drop facility, via which you can drag the information in the form of charts and data driven metrics.

2. Upstox NEST Trader Desktop

NEST Trader is another trading platform which is advanced trading software provided by Upstox This will help to put your eyes on market, all the downfalls and the data will be seen from various charts. This is a web service; you can easily access it through laptop and desktop.

The best part is that you can access all the data in the charts and pointer, this will make your understanding much easier. One of the amazing web services.

3. Upstox Pro Mobile App

Upstox Pro Mobile App is the best trading app available in the form of a mobile app. The app allows you to track the scripts which usually used or marked important by other users, helps you to sense the market using the charting tools and many technical indicators available in the app. The app can be installed in both Android as well as in iOS versions.

My Experience with Account Opening Process

I find upstox a better platform to invest, what I really find that the assistance is very quick, and you will never feel stuck, as the help is always available. The account opening process is quick. Once You start the process, you will get the assistance on your WhatsApp no. They have both mode online and offline to open an online account. If you want to invest for long term, then also upstox is an amazing Platform. Similarly, for trading also, you will get an assistance of 10 calls per month that too free of cost.

In order to open an account quickly, keep the following documents handy.

Documents Required to Open Upstox Account Online

1.Aadhaar Card

2.PAN Card

3.Canceled Cheque

4.Latest Bank Statement with IFSC/MICR Code.

If you are opening an online account then you must upload all the scan documents on the app as per the instructions. In offline mode you must courier the documents on the assigned address.

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