UpStox Review 2020 - Brokerage, Annual Fee, Trading Platforms

UpStox Review 2020 – Brokerage, Annual Fee, Trading Platforms

UpStox is one of the biggest emerging discount brokers in India backed by a group of investors including Ratan Tata, GVK Davix, and Kalaari Capital.

The high-tech trading platform of

UpStox provides one of the fatest high-tech trading platform which is the main requirement for the traders.

You will need to a fix brokerage of Rs 20 charge with Upstox account irrespective of trade volume.

You can trade using Upstox in

  • Equity
  • Options
  • Futures
  • Currency
  • Commodity

Let’s review Upstox demat & Trading account in detail

Upstox Demat & Trading Account Review

UpStox  Brokerage Charges 

Basic Plan

You have to pay a discount brokerage of Rs. 20 per order or 0.05% (whichever is lower).

Basic plan is for the newcomers with low trading volume.

Priority Plan

Priority Plan is for professional traders. You pay Rs. 30 per trade or 0.10% (whichever is lower) and in return get upto 25x leverage on the cash equities segment.

Two packs under the Priority Plan- 

  • Upstox charges Rs. 999/month for  Equities, F&O, and CDS.
  • Rs. 499/month plan for commodities.
CategoryCharges
Equity DeliveryZero
Equity Intraday TradingBasic Plan– Rs. 20 or 0.05% (whichever is lower)
Priority Plan– Rs. 30 or 0.10% (whichever is lower)
Equity OptionsFlat Rs. 20 per executed order 
Equity FuturesRs. 20 or 0.05% (whichever is lower)
Currency OptionsFlat Rs. 20 per executed order 
Commodity OptionsFlat Rs. 20 per executed order 
Commodity FuturesRs. 20 or 0.05% (whichever is lower)

Upstox Annual Charges 

  • Upstox Account opening charges – Rs 300
  • UpStox annual maintenance charge – Rs. 300

The account opening charge will be waived off for SimpleInterest readers

UpStox  Demat & Trading Account Features 

Features of UpStox  Demat Account are –

  • Digital Account Opening offers a paperless account opening. You can trade within 2 hrs following the submission of the online application form with documents.
  • Realtime Tracking of Market gives live updates of market data and trading decisions
  • All in One Place, you can monitor all your stocks and mutual funds in one place
  • Fast & Stable Platform offers a range of charting tools to place the correct order on time 

Features of UpStox  Trading Account are –

  • Faster trading Account, monitor prices in real time
  • Save more while you earn, get better leverage while trading intraday
  • Control of your trades, you can trade across multiple asset classes, monitor your profits with customized watchlists
  • All trades in one place, a single account across segments

Benefits of UpStox  Demat and Trading Account 

  1. Brokerage free trading in  equity delivery segment
  2. Priority package customers can enjoy higher margin leverage
  3. Web browser, desktop and mobile based trading platforms for quick trading without any software fee.
  4. UpStox  MF platform helps to invest in 1000’s of mutual funds

Cons of UpStox Demat & Trading Account 

  1. UpStox  Demat debit transaction charges is high than other discount brokers
  2. You cannot invest in IPO, FPO, Bond, and NCDs
  3. There is no unlimited monthly trading plans in UpStox 
  4. Average customer support

UpStox Additional Products

#1. UpStox Priority Pack

UpStox  Priority Pack is the advanced version of UpStox  basic plan. UpStox Priority Pack is available for frequent traders who trade in intraday and F&O segments. 

On UpStox Priority Pack, you will get upto 25x leverage on the cash segment. 

UpStox Priority Pack  Benefits,

  • Included all the benefits of UpStox basic plan
  • 2X  intraday leverage on option buy with CO/OCO/BO
  • Up to 7X leverage on index futures using CO/OCO/BO
  • Stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities
  • Advance charting for professional traders for technical analysis
  • Wide range of indicators, chart types, data rich user interface

The brokerage charges of UpStox  Priority Pack is Rs. 30 per trade or 0.05% (whichever is lower).

You should opt for UpStox Priority Pack if you need high margins to trade on a regular basis.

Also check – Complete Zerodha review

UpStox Trading Platforms 

UpStox offers web-based and mobile-based trading platforms that make it easy to place your orders through a website or mobile. Apart from this, UpStox also has three desktop-based partner trading platforms.

#1. UpStox Pro Web

Upstox-Pro-web

Pro Web is the web based trading platform of UpStox that can be accessed from any browser on a desktop, laptop or mobile for real time data. 

Pro Web offers fast and secure trading with its powerful charting features and technical indicators. You can create watchlists and track desired scripts. 

Pro Web helps to pre-set your order preferences and quickly place orders during high volatile times. 

You will get in depth analysis of data with the help of advanced charts and indicators. 

#2. UpStox Pro Mobile

UPSTOX pro mobile

Pro Mobile app is the mobile trading app of UpStox that helps the users to trade quickly using the Pro Mobile app installed on their mobile. Both Android and iOS apps are available to install from the app stores.

UpStox Pro Mobile is powered with features like advanced charting, placing orders directly from the charts, creating unlimited watchlists and 100 technical indicators to apply on real time charts.

#3. Dartstock

UpStox partnered with iDarts to offer the desktop trading platform of Dartstock for their users.  

Features of Dartstock trading platform are,

  • Live scanner tool to scan market activity and trends for the day, week, month, and year
  • Time and  sales filter to scan markets with filters based on Traded Value, Quantity ,Index, Sector or personalised watchlist group.
  • Trend scanner identifies trends when the market is in Bullish Zone or a Bear Zone.

#4. NEST Trader

UpStox tied up with Thomson Reuters to give the advantages of NEST Trader desktop trading platform to their users. 

You can download and install the application on your desktop or laptop.

Features of NEST Trader platform are,

  • Customizable interface helps to customize every component as per each user’s requirement
  • Low latency and enterprise level stability helps NEST to stream data with fastest possible refresh rates
  • Advanced charting spots trends
  • Multiple monitor support stream data on multiple monitors with multiple components

#5. Fox Trader

UpStox has partnered with Reliable Software India Pvt. Ltd. to bring the FoxTrader trading software for their desktop/laptop users.

Features of Fox Trader platform are,

  • Easy backtesting & Live scanning provides ways to analyse past data and monitor markets in real time
  • Automate Strategies helps to run your strategies on charts and scanners
  • Sharp analysis of the market to get insights of the market movement

Also readUpstox vs Zerodha Complete comparison

How to Open Upstox Demat & Trading Account

UpStox  Demat and Trading account opening is very fast and easy. UpStox has made the entire process paperless. 

You need to fill and submit the online application form along with your PAN card Aadhar card.

Once your details get verified and approved, you will get the unique login id for trading in 1 or 2 days’.

You can keep the following documents ready to make the application process on the fast track.

  • Aadhar Card
  • PAN Card
  • A Cancelled Cheque
  • Latest Bank Statement with IFSC/MICR code

Finally Though

If you are looking for a long term investment with a reduced brokerage fee, you should definitely open UpStox account.

You can explore the high tech real-time trading platforms of UpStox to get high margins of your investment.

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