Upstox (formerly known as RKSV Securities) is the popular discount broker in India. They offer Equity, Currencies &Commodity trading services at BSE, NSE & MCX. At present they have more than 40,000 customers all over India. This company was launched in retail trading segment in the January,2012 by 3 founders namely MrRaghu Kumar, Mr.Ravi Kumar and Mr.Shrinivas Viswanath. They have been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix. It is built on top of Omnisys NEST OMS (Order Management System). Upstox makes it easy to place orders through mobile phones and web browser.
Account Opening Charges
- Upstox charges an account opening fee of Rs.150 (excluding GST) for NSE and BSE segments.
- For MCX, you pay Rs. 150 (excluding GST).
- Annual maintenance charge of Rs.150 is applicable only on demat accounts.
- Demat AMC 2nd year onwards would be Rs.150+ GST = Rs.177 /- (Non refundable )
Upstox Brokerage Charges
Equity Brokerage plan
Commodities Brokerage plan
Commodities Brokerage plan
Platforms & Tools
Upstox is known for designing and developing its own trading platforms for its clients. With a team of 20+ developers, the broker provides terminal based, web based and mobile app based trading platforms to its users.
Desktop Trading – One of the most reputed trading platform “Omnesys NEST” is official trading terminal for Upstox. This trading terminal is one stop shop for our your trading need. You can do advance charting to quick order placement, portfolio, fund transfer, margin report and Market Watch. Customers also get Customizable interface, Multi Monitor support, customizable hotkeys and shortcuts.
Web Trading – Upstox has turned their web-based platform into the most sophisticated and cutting-edge tool. It helps traders and investors to calculate fast and place trades in live markets quickly. Upstox Pro web is a light weight browser based trading platform that can be accessed using internet on your computer,laptop or tablet-without having to download anything.Trading with Upstox means that you can say Goodbye to those large .exe files that crowd your desktop.
Benefits of Upstox Pro are:
Free equity delivery trades & upto 25x margins for intraday/CO/OCO orders
Fast market feeds. One click trades.
Trade on all exchanges & all segments with a single sign-in.
Pro Mobile App – A light-weight platform in your hands that does everything that a desktop terminal should..
Real time quotes, Instant notifications.
Bank transfer available with 40+ banks.
Keyboard shortcuts like desktop, you can use shortcuts for trade in browser.
Account balance, historical reports, daily order status reports and much more.
Mutual Funds – Grow your wealth. Match your investment portfolio with your financial dreams.
How to open a demat account.
1. Fill up the form, paper or paperless & submit for verification.
2. All your details are scanned and verified for opening your account.
3. Once verified, you receive a unique ID & voila, you are ready to trade.
Time take to open a demat account
Once you submit your complete account opening form and upload all the required documents for verification, it takes about 12-24 hours to open an account.
Open account with Aadhaar card. You just have to keep these documents handy to fasttrack your application: Aadhaar Card, PAN Card, Canceled Cheque and the Latest Bank Statement with IFSC/MICR code.
Upstox Customer Service
Upstox offers the following communication for its clients to get in touch with them:
Email – [email protected].
Phone – (022)-61309999
Please read all the documents and rules before investing……