If you are looking for “Upstox App Review 2024” then you’re on the right place. Here you will find a detailed explanation of Upstox App.
Upstox is a mobile application, designed to make investing accessible to everyone. Upstox is India’s leading discount broker which means you can potentially save a significant amount on brokerage charges as compared to traditional brokers.
Upstox app offers a plethora of features to empower your investment journey. You can access real-time market data and in-depth stock analysis tools to make informed decisions. Moreover, upstox prioritizes robust security measures to protect your financial information. It is also registered with SEBI ( Securities and Exchange Board of India).
| Upstox App | |
|---|---|
| Founded In | 2010 |
| Founders | Ravi Subramanian, Shriniwas Wagale |
| CEO | Shriniwas Wagale (as of April 2024) |
| Headquarters | Mumbai, Maharashtra, India |
| Parent Company | RKS Ventures Pvt Ltd |
| Market Capitalization | Not Publicly Traded (Private Company) |
| Brokerage Type | Discount Broker |
Features Of Upstox App
Trade Across Asset Classes: Upstox allows you to trade a wide range of instruments like stocks, derivatives (futures & options), exchange-traded funds (ETFs), commodities (like gold), and even currency futures.
Flat Fee Brokerage: Upstox offers a transparent fee structure with a flat brokerage charge, regardless of your trade value.
Real-Time Market Data & Advanced Charting: It gives access to live market data, streaming quotes, and comprehensive charts. Upstox’s charting tools allow you to analyze trends, identify technical indicators, and make strategic investment choices.
User-Friendly Interface: Upstox prioritizes a clutter-free and intuitive design. Whether you’re a seasoned investor or a complete beginner, you’ll find it easy to navigate the app and execute trades with ease.
Invest Anytime, Anywhere: You can monitor your portfolio, analyze market trends, and place trades seamlessly. It also allows you to react to market fluctuations and investment opportunities in real-time, regardless of your location.
Secure Transactions: Upstox prioritizes security. The app utilizes multi-factor authentication and industry-standard encryption protocols to safeguard your financial information.
Upstox Charges 2024
Upstox offers a flat brokerage fee model. Upstox charges and trading commission rates are described as below:
While opening an account on Upstox is free but you have to pay annual maintenance charges (AMC).
Upstox account opening and annual maintenance charges
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 150 |
Upstox Brokerage Charges 2024
There is no any fixed charges of brokerage in Upstox App. Other brokerage charges are explained as below:
| Segment | Fixed Charges | Brokerage Fee |
|---|---|---|
| Monthly Fee (Fixed) | – | NA |
| Equity Delivery | – | Rs 20 per executed order or 2.5% whichever is low |
| Equity Intraday | – | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | – | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | – | Rs 20 per executed order |
| Currency Futures | – | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | – | Rs 20 per executed order |
| Commodity Futures | – | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | – | Rs 20 per executed order |
Upstox Demat Account Charges 2024
Demat account opening in the Upstox is completely free but you have to pay the annual maintenance charges (AMC).
| Sr. No. | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening Charges | Rs 0 (Free) |
| 2 | Transaction Charges (Buy) | |
| 3 | Transaction Charges (Sell) | Rs 13 + Rs 5.50 (CDSL charges) per scrip. |
| 4 | Annual Maintenance Charges (AMC) | Rs 150 |
| 5 | Demat + Courier charges | Rs 2.00 per certificate plus courier charges of Rs 35 per demat request |
| 6 | Remat | Rs 25 per certificate or 0.05% of the value whichever is higher. |
| 7 | Pledge Creation | 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual. |
| 8 | Pledge Creation Confirmation | 0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual. |
| 9 | Pledge Invocation | 0.05% of the transaction charges subject to a minimum of Rs 50 |
| 10 | Failed Transactions | Rs 50 per transaction |
| 11 | Other Charges | Demat Rejection Charges: Rs 35 per rejection for every 500 gms.Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges.Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers. |
Upstox Transaction Charges
Transaction Charges of Upstox are explained as below:
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
| Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
| Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | Group A – Rs 290 per Cr (0.0029%) |
Understanding the Charges
- Equity Delivery Trading: This fee applies when you buy stocks with the intention of holding them for the long term. Upstox charges either a flat ₹20 per order or 0.05% of the trade value, whichever is lower.
- Equity Intraday Trading: For traders who buy and sell stocks within the same trading day, Upstox’s flat ₹20 fee or 0.05% (whichever is lower) structure applies.
Upstox Trading Taxes
0.1% is charged on both buy and sell for equity delivery. Other tax rates are described as below:
| Tax | Rates |
|---|---|
| Securities Transaction Tax (STT) | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| SEBI Charges | 0.0001% (₹10/Crore) of the turnover (except for Agri futures where it is Rs 1 per crore) |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
Upstox Account Opening Process
| Step | Action |
|---|---|
| 1 | Visit Upstox website or download the app |
| 2 | Enter mobile number and email address, verify with OTP |
| 3 | Submit scanned copies of PAN card, Aadhaar card, canceled cheque, and photograph |
| 4 | Complete eKYC (if available) or provide physical signature |
| 5 | Fund your Upstox account using online payment methods |
Step 1: Visit the Upstox Website or Download the App
Head over to https://upstox.com/ or download the Upstox app from the App Store or Google Play Store.
Step 2: Enter Your Details
Provide your basic information, including your mobile number and email address. Then verify the OTP.
Step 3: KYC Verification
Upstox follows a strict KYC (Know Your Customer) process. You’ll need to submit scanned copies of your PAN card, Aadhaar card (ensure your mobile number is linked), a canceled cheque with your bank account details visible, and a recent passport-sized photograph. Upstox offers eKYC (electronic KYC) using Aadhaar for faster verification in some cases.
Step 4: Sign Electronically
You will have to draw your signature on a blank piece of paper (for physical verification) or upload a scanned copy of your existing signature.
Step 5: Fund Your Account
Once your documents are verified and your account is approved, you’ll need to transfer funds to your Upstox account to start trading. It offers various online payment methods for easy and secure fund transfer.
Also Read: Best Books on Trading, Investment and Stock Market
The bottom line
Upstox is India’s leading discount broker and offers a plethora of features to empower your investment journey. You can access real-time market data and in-depth stock analysis tools to make informed decisions. Moreover, upstox is SEBI registered.
It is important to consider your trading preferences, if your focus is on ( CNC, Cash N Carry ), then the Zerodha app may be suitable to you.
Is Upstox a SEBI registered broker?
Yes, upstox is a SEBI registered broker and it’s SEBI registration number is INZ000185137.
Who owns upstox?
Upstox investor includes:
Tiger Global Management – 31.1% stake
Kalaari Capital Partners – 15.21% stake
GVK Davix Technologies – 2.54% stake.
Ratan Tata – 1.33% stake
How much upstox charge?
For Delivery:
Rs 20 per trade or 0.1% (whichever is lower);
For Intraday and F&O:
Rs 20 per trade or 0.05% (whichever is lower).
Upstox is fake or real?
Upstox is a real and it’s membership info is as given below:
RKSV Securities CIN Number: U74900DL2009PTC189166
SEBI Registration No. INZ000185137
NSE Member Code: 13942
MCX Member Code: 46510