Upstox Stock Trading, Demat, Brokerage and Reviews 2020




Upstox Stock Trading, Demat, Brokerage and Reviews 2020


Upstox Account Opening Enquiry/Get a call Back

Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.

Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.

Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platform makes it easy to place orders through mobile phones and web browser. Upstox trading platform is built on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).

Upstox offers absolutely free trading account and free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro. UpStox Pro is the paid service of UpStox for traders.


Account Types

Upstox offers two different type of trading account to suite investors/traders need:

  1. Upstox Basic Plan

    Brokerage Free equity delivey and ₹20 per trade for Equity F&O, Commodity and Currency

    The plan offers basic trading features in Equity Delivery segment through mobile and website. Upstock doesn't change any brokerage for trading in Equity Delivery segment.

    Upstox basic plan offers upto 20x leverage on Cash segment.

  2. Upstox Priority Pack

    ₹0 equity delivey brokerage and flat ₹30 per trade for Equity F&O, Commodity and Currency

    Upstox Pro is the trading platform for frequent traders; who trade in Indra-day and F&O segments. This plan offers upto 25x leverage on Cash segment.

    Along with the standard features offered in Upstox Basic Plan, Upstox Pro offers stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities.

    Upstox Pro provides advance charting for professional traders for technical analysis. It also offers wide range of indicators, chart types, data rich user interface.

Upstox Trading Plans Comparison

Segment Upstox Basic Plan Upstox Priority Pack
Brokerage - Equity Delivery Free Free
Brokerage - F&O, Commodity, Currency ₹20 per trade or 0.05% (whichever is lower) ₹30 per trade or 0.05% (whichever is lower)
Margin - Intraday
NSE/BSE Cash 15x 20x
Index Futures 4x 5x
Stock Futures 4x 4x
Index Option Sell 4x 5x
Stock Option Sell 4x 4x
NSE Currency 4x 4x
MCX Future 2.5x 3x
Margin - CO/OCO Orders
NSE/BSE Cash 20x 25x
Index Futures 10x 14x
Stock Futures 4x 6x
NSE Option Buy 1.33x 2x
Index Option Sell 4x 5x
Stock Option Sell 4x 4x
NSE Currency 4x 5x
MCX Future 3x 4x

Upstox Charges 2020

  • Upstox Account Opening Charges: ₹249
  • Upstox Demat AMC: ₹300 per year (paid monthly)

Upstox Prepaid Brokerage Plans (₹249, ₹499 or ₹999)

Every upstox customer needs to buy one of the following prepaid brokerage plans to open Upstox account. It is mandatory to buy a prepaid brokerage plan with upstox. This plan is also compulsory for people who would like to do only equity delivery trades which are brokerage free.

Plan Customer Pays Customer gets brokerage worth Extra brokerage earned
Standard Plan ₹249 ₹400 ₹151
Advanced Plan ₹499 ₹1,000 ₹501
Premium Plan ₹999 ₹2,500 ₹1501

Note: The amount that the customer pays (₹249, ₹499 and ₹999*) has a validity period of 2 years from the date of payment.

The amount that the customer receives (₹151, ₹501 and ₹1501) will have the following validity:

  • ₹151- 30 days from the date of payment
  • ₹499- 45 days from the date of payment
  • ₹1501- 60 days from the date of payment

*18% GST will be levied on the amount on the prepaid brokerage.

Upstox Equity Delivery & Intraday Charges

Upstox equity delivery brokerage is ₹0 (Free). Upstox equity intraday brokerage is ₹20 per executed order or 0.05% (whichever is lower).

Upstox Charges Equity Delivery Equity Intraday
Brokerage ₹0 ₹20 per executed order or 0.05% (whichever is lower)
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction Charges ₹325/crore ₹325/crore
Demat Transaction Charges ₹18.5 per scrip (only on sell) ₹0
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Duty * *

Upstox Equity F&O Charges

Upstox Equity F&O brokerage is ₹20 per executed order or 0.05% (whichever is lower).

Upstox Charges Futures Options
Brokerage ₹20 per executed order or 0.05% (whichever is lower) Flat ₹20 per executed order.
STT 0.1% (on Sell Side) 0.1% (on Sell Side)
Transaction Charges ₹210/crore ₹5500/crore on premium turnover
Demat Transaction Charges ₹0 ₹0
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Duty * *

Upstox Currency Charges

Upstox Currency brokerage is ₹20 per executed order or 0.05% (whichever is lower).

Upstox Charges Currency Futures Currency Options
Brokerage ₹20 per executed order or 0.05% (whichever is lower) Flat ₹20 per executed order.
STT No STT No STT
Transaction Charges NSE: 0.00013% | BSE: 0.00062% NSE: 0.065% | BSE: 0.026% (on premium)
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Duty * *

Upstox Commodity Charges

Upstox Commodity brokerage is ₹20 per executed order or 0.05% (whichever is lower).

Upstox Charges Commodity Futures Commodity Options
Brokerage ₹20 per executed order or 0.05% (whichever is lower) Flat ₹20 per executed order.
STT 0.01% on sell trade (Non-Agri) 0.05% on sell trade
Transaction Charges 0.0031% 0.002%
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Duty * *

UpStox Charge Explained:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹5 per Crore.

Other Charges (Upstox Broker Hidden Charges / Fees):

  1. Call & Trade: ₹20 per executed order
  2. Physical contract notes: ₹25 per contract note plus courier charges. (Digital contract notes are free.)
  3. Instant Money Transfer Fee: ₹7 per transfer

Upstox Trading Software

Upstox offers mobile and website based trading. Upstox's trading platform is build in-house by RKSV to make it extremely easy to place orders through mobile as well as web browser. As of now no trading terminal is available though Upstox.

Upstox Pros and Cons


Upstox Pros (Advantages)

The following are the advantages of Upstox. You must read Upstox advantages and disadvantages before opening an account with Upstox. Upstox pros and cons help you find if it suits your investment needs.

  • Upstox offers brokerage free trading in Equity Delivery segment (Customer does not have to pay brokerage for delivery trades in equity segment).
  • Mobile trading app available for both Android and iOS phones. No software uses charges.
  • After Market Order (AMO), Cover Order and Bracket Order(BO) or One cancels Other (OCO) orders are available on both web and mobile.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Upstox Pro Web Trading Platform offers multiple indicators to monitor markets on-the-go.
  • Upstox Bridge for AmiBroker helps you to code & execute your trading strategy using the AmiBroker AFL editor.
  • Upstox Developer Console helps you build (code) your own trading app using languages such as Python.
  • Upstox Option Chain Tool helps traders find out Spot, Future prices, vertical comparison of rates, get details such as circuit levels, Open High Low Close and market depth. It allows customers to measure volatility, open Interest, performance indicator and check greeks as well.
  • Upstox MF Platform offers 1000's of Mutual Funds to invest in. Customers can choose Lumpsum or SIP pattern of investing.
  • Margin Against Shares is available.
  • Priority Brokerage Package is available for customers who need higher leverage.
  • Online IPO Application (UPI) is available.

Upstox Cons (Disadvantages)

The following are the cons of Upstox. Check the list of Upstox drawbacks.

  • Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in Equity Segment. GTC/GTD orders are available in commodity trading.
  • Margin Funding is not available on delivery trades. Higher leverage is available in Upstox Priority Pack account.
  • Upstox doesn't offer unlimited monthly trading plans.
  • Call and trade fee is charged at extra ₹20 per executed order (₹20 Brokerage + ₹20 Call & Trade Fee).
  • Additional ₹20 per executed order is charged for Intraday square MIS/BO/CO orders when they are not square off by the customer.
  • Brokerage free trading is available only in Equity Delivery segment (in Upstox Basic plan). For all other segments including Equity F&O, Commodity F&O and Currency Derivative, brokerage is charged at ₹20 or lower per trade.
  • In Upstox basic plan, though brokerage is free, customers still have to pay the Demat Transaction Charges. Upstox Demat debit transaction charges (₹21.83) is high than other discount brokers who charges fee of ₹15.93 per demat debit transaction.
  • Doesn't provide stock tips or recommendations.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 24/7 customer service is not available.
  • Upstox NRI Trading and demat account is no more available (since Jan 2018).
  • Upstox do not offer API any more.

Upstox Margin / Exposure

Upstox leverage for intraday, delivery, options, currency and commodities.

Segment Margin
Equity Delivery 1x (no margin)
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Future Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Future Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Future Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options

Upstox Complaint

The number of Upstox customer complaint received by the exchanges. The Upstox consumer complaint report helps understanding the Upstox quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 729,858 132
NSE 2019-20 619,305 164
BSE 2019-20 142,797 11
NSE 2018-19 92,781 58
BSE 2018-19 22,381 7
NSE 2017-18 43,889 35
BSE 2017-18 24,483 2
NSE 2016-17 17,229 21
BSE 2016-17 3,910 1
NSE 2015-16 10,622 10