Upstox Review – Stock Broker in India

 Upstox (earlier known as RKSV Securities) is top discount broker in India, good for traders who look for low brokerages, high margins, and decent trading platforms Uptosx is best for you if you want to save your money on brokerage. Upstox charges fix brokerage of only Rs. 20 per trade irrespective of the trading volume.

Uptstox (RKSV) crossed 1 Crore user base mark recently to become the second-biggest discount broker in India after Zerodha.

This shows people like to trade using Upstox.

Ratan Tata and Tiger Global Management back Upstox – making it a safe and reliable stockbroker for your investment.

Upstox provides the fastest trading platforms which is the main need to book high profits in day trading on one hand.

[video width="360" height="640" mp4="એક-રિક્ષામાં-27-મુસાફરનો-VIDEO-બકરી-.mp4"][/video]

On the other, you only need to pay only a flat Rs 20 per trade irrespective of your trade volume.

What makes Upstox a Best Choice

  • Flat Rs 20 per trade for intraday
  • Zero account opening charges
  • Provide advanced technology trading platforms

Save up to 90% on brokerage charges with Upstox

You can save huge money on your brokerage compared to the other service providers.

Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side)

Comparison of Upstox trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling)

10,00,000 * 12 months * 0.55% = Rs. 66,000

Comparison of Upstox trading brokerage with Sharekhan that charges 0.10 % (0.2% total on buying and selling)

10,00,000 * 12 months * 0.2% = Rs. 24,000

Trading Brokerage with Upstox that Charges Rs. 20 per Trade

20 trades per month * 12 months * 20 Rs. brokerage = Rs. 4,800 only. (Saving of up to 90% on brokerage)

Open Quick Upstox Account

Next, let’s see how much Upstox charges you for trading & investing.

Upstox Charges

Upstox Account Opening Charges

Upstox Demat and Trading account opening charges – Rs 0.

Which is in-line with most of the stock brokers in India. You will save Rs. 300 to 700 one-time.

Upstox AMC Charges

Upstox AMC charges – Zero

Zerodha charges Rs 300 for AMC. You can read the side-by-side comparison of Zerodha vs Upstox if you are confused in between these two.

How Much Brokerage Does Upstox Charges

Note – Investors need to be cautious here.

At Upstox “Delivery trades” are charged.

Buying/ Selling stocks from your portfolio now and then will cost you Rs. 20 on each delivery trade.

Upstox brokerage charges for the rest of the trading segment follows industry trend.

TypeUpstox Brokerage Charges
Equity DeliveryLower of Rs. 20 or 2.5%
Equity IntradayLower of Rs. 20 per executed order or 0.05%
Equity FuturesLower of Rs. 20 per executed order or 0.05%
Equity OptionsRs. 20 per executed order
Currency Futures & OptionsFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order
Commodity F&OFutures – Lower of Rs. 20 per executed order or 0.05%
Options – Rs. 20 per executed order

Call & trade service is also available at Rs. 50 per order.

Upstox charges calculator will give you a detailed breakup of the brokerage paid.

Upstox Brokerage Calculator


Upstox Brokerage Calculator gives first-hand info on the charges you are paying and the stock price movement to cover the charges.

For example, a 0.12 paisa upward movement in Infosys to Rs. 1410.12 is sufficient to cover the brokerage charges.

Upstox Brokerage on Mutual funds & IPO

Upstox Mutual Fund Investment BrokerageRs. 0
IPO Investment BrokerageRs. 0

Upstox Margin Offered

SegmentFor Intraday For CO/ OCO order
Index Futures1.33X1.33X
Stock Futures1.33X1.33X
Index Option Sell1.33X1.33X
Stock Option Sell1.33X1.33X
NSE Currency1.33X1.33X
MCX Future1.33X1.33X

RKSV (Upstox) Demat & Trading Account Features

#1. Low Brokerage Charges

RKSV charges a flat Rs. 20 brokerage charges.

The low brokerage is helpful to trade large volumes in a cost-effective manner.

New traders who want to experiment with stock intraday trading and are on a budget will benefit a lot from the flat charges.

You need to pay Rs. 20 under the plan which is cheaper than the per-cent wise brokerage charged by full-service brokers like – Sharekhan, Motilal Oswal, ICICI Direct and HDFC Securities.

#2. Zero Account Opening and Annual Charges

Upstox charges Rs 0 for account opening with zero AMC charges

Upstox Trading Platforms Review

#1. Upstox Pro Web Review Review

Upstox Pro web is a browser-based trading platform that comes with advanced features like API integration, algo trading, charts and technical indicators.

The features help you to perform in-depth analysis and market understanding.

Pro web uses socket technology that allows access to real-time market data at a faster speed. You also get drag and drop facility to drag a particular script and drop on the chart screen to see the script in chart form instantly.

#2. Upstox NEST Trader Desktop Review

NEST trader is an advanced trading desktop software that helps you monitor markets, place orders and buy & sell shares in real-time.

You can install the application on a desktop or a laptop.

Features of NEST Trader

  • Customizable interface
  • Low latency and enterprise-level

You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.

You can install Upstox Pro mobile trading platform to both Android and iOS versions.

  • stability
  • Multi-monitor support
  • Advanced Charting

#3. Upstox Pro Mobile App Review

You can track your favorite scripts, indices and monitor the markets using charting tools and more than 100 technical indicators.

You can install Upstox Pro mobile trading platform to both Android and iOS versions.

What I Like

  • Rs. 0 account opening charges
  • Great trading platforms
  • Fix & low brokerage irrespective of trade volume

What I Didn’t Like

  • Rs. 20 charges on Equity delivery trade
  • You cannot make the investment to Govt. Securities & bonds

How to Open the Account with Upstox

RKSV offers you the option to open a Demat and trading account through online or offline methods.

In the online method, you need to have an Aadhaar Card and the linked mobile number to authenticate the application form.

In case you do not have a mobile linked Aadhaar card then you can go for an offline account opening method.

In both cases, you will need the following set of documents.

  • PAN Card
  • Aadhaar Card
  • Specimen Signature
  • Photographs
  • Income proof (if you wish to trade in derivatives)

#1. Sign Up on RKSV (Upstox) Home Page

Click here to visit the direct account opening page.


Click “Open Demat Account” button opens into a new window where you need to sign up for opening an online demat and trading account.

#2. Verify Your Mobile With OTP and Start Application


You need to provide your email address and mobile number. An OTP will be sent to your official mobile number to authenticate the mobile number.

Once authenticated, you can move to the next stage of the application process and provide the PAN number along with the date of birth, as shown above.

#3. Provide Personal Details


Next, you need to provide your personal information like marital status, yearly income and trading experience by clicking on the given options.

The process is fast because you are required to select one of the options provided rather than filling all the details.

Before you proceed ahead to read the taxpayer declaration and check on the declaration box. Click on the “Next” tab to proceed ahead with the application process.

#4. Select Your Trading Preferences

RKSV gives you the option to select the segment in which you want to trade. You can go for all the segments or either set one from the following.

  • First Set – Equity, Equity F&O and Currency F&O
  • Second Set – Commodity Trading

If you are new to stock market investing then you can go for the first set only.

#5. Provide Bank Details


After selecting the plan, you need to provide your bank details like account number and the IFSC code of the bank branch.

Make sure that you are not adding a payment bank because RKSV does not open a trading account linked with payment banks like Paytm.

The bank details are required to link your trading account so that you can transfer funds online to your trading account.

RKSV Securities does not share your bank account details and all transactions are encrypted for maximum security.

#6. Authenticate Application Using Aadhaar

Next, you will need to authenticate the online application using the OTP received on the linked mobile number.

In case, if you do not have an Aadhaar Card linked to your mobile number then you can use the offline demat application method.

#7. Upload the KYC Documents

Finally, you will be required to upload a copy of all the KYC documents along with the image of your signature and photographs.

This completes your application and the trading account will be opened in 24 to 48 hours time. RKSV will provide you with the trading account login ID and the password.

Final Review on RKSV

If you are looking for easy and advance trading platforms you should go with Upstox.

You would also get low brokerage charges and high margins which are key points for trading.

Upstox (RKSV) offers advanced, fast and stable web, desktop and mobile trading applications loaded with 100 plus indicators and charting tools. The trading platform is apt for intraday trading professionals and beginners.