Upstox Review in 2023 – The Ultimate Upstox Guide

In this article, we have cleared all your doubts and queries about Upstox. This article is a complete, in-depth, all you need to know – Upstox Review for 2023. All of your Upstox related questions have been answered in this Upstox Review. If you still haven’t found any answer to your particular query, please let us know in the comment section, and we will try our level best to answer.

If you are wondering about,

How to open a Upstox Demat account?

or

Is Upstox safe?

or

What is the brokerage structure of Upstox?

or

What are the opening charges for a Upstox account?

Then you have come to the right place, and in this Upstox Review, we will clear all your doubts and queries about Upstox, one of the biggest discount brokers in India.

Background About Upstox

Upstox, previously known as RKSV Securities is a Mumbai, Maharastra based discount broker in India. Upstox or RKSV Securities started its journey in the year 2011. Upstox or RKSV Securities was founded by Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath.

Upstox is one of the biggest discount brokers active in India. What makes Upstox such an attractive broker for many people are, their low-cost trading account, very responsive Customer Support, and their cutting edge Mobile and Web trading platforms – Upstox Pro.

Upstox is supported and funded by names like Mr Ratan Tata, GVK Davix, and Kalaari Capital, making it one of the safest and most reliable discount brokers in India.

Upstox Pros and Cons

Pros	Cons
One of the Top 3 Discount Brokers in India.	Stock Research, Advice, and Tips are not available in Upstox.
Very Safe and Reliable as they got backing from names like Mr. Ratan Tata.	GTC or Good Till Cancelled orders are not available in the delivery segment.
Trading in the Delivery Segment is totally free of cost.	Margin is not available in the delivery segment.
The trading platform on mobile and web is fantastic and is free to use.	Call and Trade are charged an extra Rs. 20 over the brokerage.
Upstox charges flat Rs. 20 on trading.	Brokerage Free trading is available only in the delivery segment.
Little to no charges on Demat account opening.	Customer Service Support in Upstox is time-limited.
Paperless Account Opening Process. Totally Online.	To add a Nominee to your account you have to mail a physical form to Upstox.
Supports all major Banks in India and many local Banks too.	No inbuilt Algo Trading in Upstox.
Upstox provides up to 20 times margin in the intraday segment.	NRIs cannot apply for a Upstox Account.
Online IPO application is available in a Upstox Account.	For a 3 in 1 Account in Upstox, you have to open a separate bank account with Indusind Bank. *

*Info – Later in this Upstox Review we will also be discussing about the 3 in 1 Account that Upstox made in collaboration with Indusind Bank.

Type of Accounts

Upstox provides their user with two kinds of accounts to suit their Trading or Investing needs.

1. Upstox Basic Plan – With Upstox Basic Plan, you get Brokerage Free Trading in the delivery segment, and Rs. 20 is charged per trade on Equity, Future and Options, Commodity, and Currency.
   You also get 15x leverage with the Upstox Basic Plan.
2. Upstox Priority Pack – With Upstox Priority Pack, you also get Brokerage Free Trading in the delivery segment, and Rs. 30 is charged per trade on Equity, Future and Options, Commodity, and Currency. But with the increased charges comes multiple features and benefits which we will discuss further in this Upstox Review. You also get 20x leverage with the Upstox Basic Plan.

Later in this Upstox Review, we will be discussing and comparing both of the plans in detail.

Why should you choose Upstox?

Upstox is one of the leading discount brokers in India. And compared to a full-service broker, trading stocks, future and options, commodities and currency is quite cheap. Trading with a Upstox Account will save you a huge amount of money on brokerage charges, especially for traders. And Investors who take Delivery of their Assets on a regular basis will also be saving a huge amount on brokerage.

On a full-service broker, you pay a certain percentage on the total amount of the invested money. But on Upstox, the brokerage is fixed, flat, and limited. And in some cases like investing in the delivery segment, it is FREE.

Read How Compounding Interest Affect Your Health and Wealth Over a Long Period of Time in this Article – Coronavirus Pandemic in 2020 and the Compounding Effect

Let us calculate some numbers and see how much we can save in brokerages on Upstox.

How much can we save in brokerage on Upstox?

Let us give you a personal example of Sharekhan, a full-service broker in India.

Sharekhan Charges 50 Paise on every 100 rupees invested or in other words, 0.50% of the total value invested in the delivery segment.

We had bought 5 Shares of MOTHERSON SUMI LIMITED at a price of Rs. 60.50 per Share through Sharekhan. So our brokerage will be…

Total Amount Invested = Number of Shares x Price per Share = 5 x 60.50 = Rs. 302.50

Sharekhan Brokerage per Share = Price per Share x 0.50% = 60.50 x 0.50% = Rs. 0.3025 per Share.

So the buying price of each of your shares after adding the brokerage comes up to

Brokerage per Share + Buying price per Share = 0.3025 + 60.50 = Rs. 60.8025

So with brokerage added, our total invested amount comes up to

Buying Price per Share after Brokerage x Number of Shares = 60.8025 x 5 = Rs. 304.0125

So buying 5 Shares of Motherson Sumi Limited at a price of Rs. 60.50 can cost us Rs. 304.0125.

Whereas if we had bought the same 5 Shares of Motherson Sumi Limited at Rs. 60.50 from a Upstox Demat Account then the brokerage charged would have been ZERO (0.01 Paisa to be exact).

Here is how a Upstox Delivery Contract Note looks like.

As we discussed earlier,

Upstox doesn’t charge any brokerage for the Delivery Segment. But Upstox charges flat Rs. 20 on Intraday Trading.

Save more while Trading with Upstox

In this section of the Upstox Review, we will include some more brokerage to compare with Upstox.

ICICI Securities charges 0.275% of the total value traded.

*Info – Here we are calculating just one leg of the whole trade which is the opening side. But in reality, you have to close an intraday trade on the same day, so you have to pay the brokerages for both the opening and closing sides.

So if you take 2 trades a day amounting to Rs. 1,00,000 each, then the brokerage paid by you in just one month will be –

Total Amount Traded in a Month =

Number of Trades in a day x Amount on Each Trade x 31 Days = 2 x 1,00,000 x 31 = Rs. 62,00,000

Brokerage Paid in One Month =

Total Amount Traded in a Month x 0.275% = 62,00,000 x 0.275% = Rs. 17,050

So in just one month of trading we are giving away Rs. 17,050 from our hard earned profits.

And this is just the opening leg. In reality, you will be closing your position so you have to pay the same amount of brokerage for closing your position.

So in reality you will be spending Rs. 34,100 (17,050 x 2) on brokerage if you trade twice a day, amounting to Rs. 1,00,000 on each leg of the trade, for one month.

Previously in this Upstox Review, we calculated the amount of brokerage you will spend if you buy shares in the delivery segment through a Sharekhan Demat account. Now let us see how much brokerage you will have to spend if you TRADE with a Sharekhan Demat account.

SHAREKHAN charges 10 paise on every 100 rupees traded or in other words 0.10% of the intraday trade amount.

So calculating the brokerage on the same previous scenario, where you trade twice a day, amounting to Rs. 1,00,000 on each trade, for one month.

Total Amount Traded in a Month =

Number of Trades in a day x Amount on Each Trade x 31 Days = 2 x 100000 x 31 = Rs. 62,00,000

Brokerage Paid in One Month =

Total Amount Traded in a Month x 0.10% = 62,00,000 x 0.10% = Rs. 6,200

Here in the case of Sharekhan, you will be spending Rs. 6,200 in one month on just the opening leg of the trade, if you trade 2 times a day, amounting to Rs. 1,00,000 on each trade, for one month.

In reality, you will have to pay much more as brokerage, as you have to close the positions you have taken, on the same day.

Your actual brokerage amount will be –

Number of Trades each day x Number of Legs in a Trade x Amount on Each Trade x 31 Days x 0.10% =

2 x 2 x 100000 x 31 x 0.10% = Rs. 12,400

So in reality you will be spending Rs. 12,400 on brokerage if you trade twice a day, amounting to Rs. 1,00,000 on each leg of the trade, for one month through a Sharekhan Demat Account.

Now let us calculate how much you will be spending on brokerage if you were using a Upstox Demat Account.

Upstox Charges flat Rs. 20 on BOTH LEGS of the trade, that means, you will spend at the very max 40 rupees to complete an intraday trade.

We will calculate keeping the same above scenario on mind where you are trading 2 times a day with Rs. 1,00,000 on each trade for 31 days.

Then the brokerage charged by Upstox will be

Numbers of Trades in a day x Number of Legs in each trade x Brokerage per Leg x 31 =

2 x 2 x 20 x 31 = Rs. 2,480

So you see, as Upstox does not charge based on how much money you trade with, you can trade with even Ten Lakh in place of just a Lakh and still just pay Rs 2,480 as a brokerage if you place 2 trades a day for 31 days.

Trading with a Upstox Account saves you a lot of money, as we saw in the above calculations in this Upstox Review.

So if you want to open a Upstox Account, click on the button below.

Upstox Brokerage Charges

As we discussed earlier in this Upstox Review, Upstox does not charge any brokerage in the delivery segment. But they do charge Rs. 20 brokerage per leg of a trade or 0.05%, whichever is lower, or 0.10% if you opt for the Upstox Priority Pack. So to complete a trade-in Upstox, you have to pay brokerage of a maximum of Rs. 40.

You can visit this page to know more about charges in Upstox.

How to Use Upstox Brokerage Calculator

In this part of the Upstox Review, we will see how to use the Brokerage Calculator provided by Upstox.

Upstox Brokerage Calculator Tutorial for Intraday Trading.

Let us calculate for a scenario where we want to trade in the ITC scrip for 5000 Shares where we would buy ITC at Rs. 200 and sell those shares at Rs. 205.

Step 1
First, we need to visit UPSTOX BROKERAGE CALCULATOR WEBSITE.

Step 2
Select your State where you live in. If you live in any other State other than Delhi, Gujarat, Maharashtra, Rajasthan, Tamil Nadu, Karnataka and West Bengal then please select “Other” from the drop-down menu.

For this example, let us use “West Bengal”.

Step 3
By default “Intraday” should be selected. If Intraday is not selected then please select it by clicking on it.

Step 4
Enter the name of the scrip you want to trade-in. In our case it is ITC.

Step 5
Now select the correct scrip from the drop-down menu. In our case, we can see 2 instances of ITC. One is “ITC BSE” and another one is “ITC EQ NSE”. Those two scrips are not the same. One is for Bombay Stock Exchange or BSE and another one is for National Stock Exchange or NSE. You need to select the scrip for the particular exchange you want to trade-in.

We want to trade through the NSE counter so we will select “ITC EQ NSE “. The EQ stands for Equity.

Step 6
Now put in the number of shares you want to trade – in the Quantity section, the price at which you want to buy the shares – in the Buy Price section, and the price at which you want to sell the shares – in the Sell Price section.

In our case –
5000- In Quantity Section
200 – In Buy Price Section
205 – In Sell Price Section

Now you can see that how much Brokerage and Other Charges are charged for that particular trade. Also you can also see the Breakeven price ( Breakeven price tells you the minimum points you need, to complete a trade so you neither lose money nor gain). And also you total profit for that particular trade.

Step 7
Click on Show Charges Breakup to see how your charges are spread out. It is basically a detailed charges report of that particular trade.

Step 8
You can even add more trades on the same page without deleting the previous trades, by clicking on the Add Another Order present below.

Upstox Brokerage Calculator Tutorial for Delivery Buying.

Now we will see how to use the Upstox Brokerage Calculator for calculating the brokerages and charges charged by Upstox for Delivery Buying.

In this scenario we would be buying 100 Shares of ITC for a price of Rs. 200 and we will sell those at Rs. 225.

Step 1
Again we need to visit the UPSTOX BROKERAGE CALCULATOR WEBSITE to start with.

Step 2
Select the State you live in. If you live in any other State other than Delhi, Gujarat, Maharashtra, Rajasthan, Tamil Nadu, Karnataka and West Bengal then please select “Other” from the drop-down menu.

Again for this example we will use “West Bengal”.

Step 3
By default “Intraday” should be selected. We now need to select Delivery by clicking on it.

Step 4
Enter the name of the scrip you want to trade-in. In our case it is ITC.

Step 5
Select the correct scrip from the drop-down menu. In our case “ITC EQ NSE”. The EQ stands for Equity.

Step 6
Now put in the number of shares you want to trade – in the Quantity section, the price at which you want to buy the shares – in the Buy Price section, and the price at which you want to sell the shares – in the Sell Price section.

In this case –
100- In Quantity Section
200 – In Buy Price Section
225 – In Sell Price Section

Now you can see that how much Brokerage and Other Charges are charged for that particular trade. Also you can also see the Breakeven price ( Breakeven price tells you the minimum points you need, to complete a trade so you neither lose money nor gain). And also you total profit for that particular trade.

Step 7
Click on Show Charges Breakup to see how your charges are spread out. It is basically a detailed charges report of that particular trade.

Step 8
You can even add more trades on the same page without deleting the previous trades, by clicking on the Add Another Order present below.

Upstox Brokerage Credit Plan

Upstox recently started offering prepaid brokerage plans, promising an additional save up to 60%.
Upstox is providing STANDARD, ADVANCED, and PREMIUM Brokerage Credit plans. Your brokerage charges will be paid off from these Credits.

With the Standard Plan, you will get 400 Rupees brokerage at a price of Rs. 249, valid for 30 days.

With the Advanced Plan, you will get 1000 Rupees brokerage at a price of Rs. 499, valid for 45 days.

And with the Premium Plan, you will get 2500 Rupees brokerage at a price of Rs. 999, valid for 60 days.

If you place 10 trades then the amount you will pay as brokerage will be –
Number of Trades x Number of Legs in a Trade x Brokerage per Leg =
10 x 2 x 20 = Rs. 400
But if you buy just the Standard Plan from Upstox then instead of 400 Rupees, you will be paying just Rs. 249 for the same 10 trades.
If you are an avid trader then you should go with the Premium Plan and if you are just a beginner then the Advanced Plan will be sufficient for you.

Upstox Annual Charges

Upstox Charges Rs. 300/- for their Equity Demat and Trading account, this includes their first year AMC. In addition to the Equity account, if you want a commodity trading account, Upstox will charge another 200 rupees. And their annual maintenance charge is Rs. 150/- + GST.

How to Pay AMC Charges in Upstox?

At the end of the year, when you click on the “Funds” button located above the chart on your Upstox Pro Platform, you will see your ‘CASH’ balance is in (-) Negative.

Just transfer the same amount from your bank account and you are done for a year.

Upstox Basic Plan and Priority Plan Review

Upstox Basic Plan

Earlier in this Upstox Review we saw, with Upstox Basic Plan, you get brokerage free trading in the delivery segment, and Rs. 20 is charged per trade on Equity, Future and Options, Commodity, and Currency.
You also get 15x leverage for Intraday Trading on the NSE and BSE Cash segment with the Upstox Basic Plan.
But in addition to that, you also get 3 times margin on Index Futures, Stock Futures, Index Option Sell and Stock Option Sell. And 4 times margin on NSE Currency and 2.5 times margin on MCX Futures.
This margin values changes or increases slightly if you are using CO or OCO order. We will see how those values change later in this Upstox Review.

*Info – CO means Closing Offset and OCO means One Cancel the Other.

Upstox Priority Plan

Keeping Intraday Traders in mind, Upstox specially designed the Priority Pack for higher leverage users. Priority Pack users will get a higher margin compared to the Basic Plan users.

Upstox Priority Pack users will get 20 times leverage for Intraday Trading on NSE or BSE Cash segment and a whopping 27 times leverage on the same segment if they are using CO or OCO orders.

Upstox Priority Pack users will also get 3 times leverage on Stock Futures, Stock Option Sell and MCX Futures. And 4 times leverage on NSE Currency. But Upstox Priority Pack user will get 6 times leverage on Index Futures and Index Option Sell, all on Intraday basis.

You can use the Upstox Margin Calculator to calculate your specific case by clicking here.

Upstox 3 in 1 Account

And now in this part of the Upstox Review, we will be discussing about the 3 in 1 Plan Upstox brought for their users in collaboration with Indusind Bank.

The main attraction of this account is the “Smart Transfer” facility provided in the account.

Also with IndusStox 3 in 1 Account, you can personalize your account number with your Phone Number, Birthday, Anniversary, etc. And you also get an Indusind Bank Titanium Debit Card and a Cheque Book delivered to your doorstep, with your IndusStox 3 in 1 Account.

Did we mention that the IndusStox 3 in 1 Account is also a ZERO BALANCE account! Yes, the IndusStox 3 in 1 Account is a ZERO BALANCE Account.

Indusind Bank is always running some kind of Reward Program for their debit cardholders. And as an IndusStox Account holder, you do receive an Indusind Bank Titanium debit card with your account, so you are eligible for those rewards too. And rewards can be used towards paying your brokerage charges.

Upstox Charges Rs. 7 for each Net Banking transfer so we would highly recommend an IndusStox 3 in 1 Account as Smart Transfer is FREE to use.

Open a Upstox account by clicking on the button below and you will be automatically registered for a FREE IndusStox 3 in 1 Account.

How to Fund Your Upstox Account using Smart Transfer?

Upstox in collaboration with Indusind Bank came up with IndusStox 3 in 1 Account and using this account you can add fund your Upstox Demat Account using a single OTP.

In this part of Upstox Review, we will see how to add fund to your Upstox account using the Smart Transfer feature in the IndusStox 3 in 1 Account.

Step 1

Login to Upstox Pro Web using your login credentials.

(For more details on how to login to your Upstox Account please see the “How to Buy Shares in Upstox Pro Web?” section below.)

Step 2

Click on the Fund button located on the top of the page.

Step 3

Now Click on Deposit Fund.

Step 4

Now Enter the Amount you want to add and Select Smart Transfer.

After you have entered your desired amount and have selected Smart Transfer, click on Authorize Payment.

Step 5

Once you click Authorize Payment, you will receive an OTP on your phone. Now enter the received 6-Digit OTP and click on “Approve Payment”.

Step 6

Once you enter the OTP and click on “Approve Payment”, you will receive a confirmation from Upstox that the fund has been added to your Upstox Account.

Now click on done to close the side window. And now your desired amount has been added to your Upstox Account. It is as simple as that!

Members and Tradeability

Upstox is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Multi Commodity Exchange of India Limited (MCX), and Multi Commodity Exchange – Stock Exchange (MCX-SX), so you as an account holder of Upstox can place orders in the following segments.

1. Equity
   
2. Futures
   
3. Options
   
4. Commodity
   
5. Currency

Upstox Trading Platforms

Now in this part of the Upstox Review, we are going to discuss a little bit about the Platforms Upstox provide to their users for Investing or Trading.

Starting off with the Web based Platform-

Upstox Pro Web

Upstox Pro Web is a Browser-Based platform that comes with all important features a Desktop-Based platform would provide. The Pro Web platform is one of the powerful HTML based trading platform in India.

The Pro Web is Lite, Fast, and Powerful at the same time. Upstox Pro Web is equipped with powerful Charting tool to help you spot the current market trend and make an informed decision according to it. It also provides more than 100+ Customizable Indicators for your charts to help you stay ahead of the herd.

The Pro Web platform is highly customizable so you can set it up and organize the way you want. And Upstox Pro Web’s interface is one of the best technical analysis Software for Indian Stock Market.

The quick Buy-Sell button makes placing Cover Orders and Bracket Orders just a click away. The One-Click Trade section helps you get In and Out of trade really quick during high volatility time. Just pre-set your order preferences at the beginning & quickly get In and Out of trades, real fast.

Upstox Pro Web 3.0

Upstox have lately launched their Pro Web 3.0, taking the web based platform to new hieghts.

Based on “React javascript”, Pro Web 3.0 focuses on improved user interface and a better trading experience for the Upstox users. Upstox Pro Web 3.0 has implemented multiple new features and some serious improvement on the existing ones.

Let us discuss some of the features in details here in this Upstox Review.

1. Two Chart Libraries
   Now in Upstox Pro Web 3.0 users can select their preferred chart either from Tradingview.com or the existing chart from ChartIQ library. Upstox Pro Web 3.0 will gives users the power to choose between ChartIQ and TradingView charts.
   
2. Modification of Bracket Orders (OCO)
   With Upstox Pro Web 3.0, users can now modify their bracket orders all-in-one place and at one time through the positions tab. The hassle of editing every single leg one at a time is gone.
   
3. Option chain with strategy mode
   Keeping Option Traders in mind, Upstox Pro Web 3.0 gives users the option of placing orders for option contracts by using option strategies. Users can do this, by entering the strategy mode and simply selecting all the contracts that they want to send at the same time. Users can add or reduce the quantity of their selected contracts. Upstox Pro Web 3.0 users have the option to send 4 orders at once, using the strategy mode!
4. Pin stocks to your watchlists
   With Upstox Pro Web 3.0, users can now pin up to 2 stocks on to their watchlist header.
5. View recent payments history
   As sometimes it becomes hard for the users to keep track of all their fund transfer between the bank and the trading account, so from now onwards users can see their last 10 fund deposits and/or withdrawals under the FUNDS tab on Upstox Pro Web 3.0.
6. Toggle view in watchlist
   With Upstox Pro Web 3.0, user has the option to view volume instead of price in their watchlist. They can switch between volume and price, simply by clicking on the toggle button.
7. View your order and portfolio history along with the scrip details
   The hassle for switching between scrip details and the orders and portfolio tab is gone. With Pro Web 3.0, users can view their order and portfolio history of a particular scrip in the details tab of that scrip. So users can have all the information about a particular scrip in one place.

How to change background colour or theme in Upstox Pro?

Before the update of Upstox Pro Web 3.0, we could change the theme of the platform. But now you cannot change the background colour or theme of Upstox Pro Web.

How to open Upstox Pro Web chart in New Tab?

First login to Upstox Pro Web using your Upstox Account credentials.

Now when you land on the trading interface, click on the button beside “Studies” located on the right-hand side above the chart. Hovering your mouse pointer above that button should prompt “Open in New Tab”.

How to Switch Upstox Chart between ChartIQ and Trading View?

After the new Upstox Pro Web 3.0 update, Upstox users can switch between ChartIQ and Trading View chart with a single click of a button.

Upstox users can toggle between ChartIQ chart or Trading View chart by clicking on the last button located on the right-hand corner above the chart.

Upstox Pro Mobile

For both Android and iOS users, Upstox has provided their individual Mobile App. With Upstox Pro Mobile, investors and traders can place orders anytime, anywhere. You can track your favorite Stocks, Indices, or any market in particular with Upstox Pro Mobile. Upstox Pro Mobile has almost all the features that Upstox Pro Web has, just in a small square in your hand. And Upstox Pro Mobile is one of the best technical analysis App for Indian Stock Market.

Charting feature in Upstox Pro Mobile is as powerful as Upstox Pro Web. You can add multiple indicators and studies in your Upstox Pro Mobile Chart.

Users have the option to place Cover Order, Bracket Order or any other Pro Order in the mobile app. And can even set price alerts for their preferred stocks.

Instant notifications are generated by the mobile app so you remain updated with each and every activity of your account.

Google Play

App Store

NEST Trader

Upstox Account holders can even use NEST Trader from their Desktop. NEST is built on a robust platform keeping advance traders in mind.

NEST is a highly customizable platform. You can edit from layouts to fonts to colours to anything you need for your super fast trading. NEST even support customizable hotkeys and shortcuts to allow you to trade with high speed and precision.

Speed and low latency being the focus, NEST streams data with the fastest possible refresh rates. It remains stable even at high loads. NEST support multi-monitor system.

It has a very advance level charting system to help you catch the trends before anyone. You can place Cover Order and Bracket Orders with ease on NEST.

Get NEST Trader by clicking on the button below.

FoxTrader

Upstox has partnered with Reliable Software India Pvt. Ltd. to provide their users with FoxTrader trading software. In FoxTrader you can analyze the market with multiple charting tools. You can also backtest your strategies and FoxTrader also equipped one-touch trading technology.

With 300+ Studies and 200+ Conditions and Ways, you can Backtest your strategies very easily. In FoxTrader you can also Live Scan and monitor Markets in realtime.

In FoxTrader you can run strategies on charts & scanners and you can also automate your strategies. FoxTrader does support Upstox API which will take your trading game to a whole new level.

With the help of FoxTrader, you can analyse the market movement, follow charts and order flow and get insight like never before. FoxTrader also helps you determine order quantities, keeping an eye on the current positions, and P/L. It also automates your trailing stops & stop levels.

Here is a video on how to integrate FoxTrader.

Click on the button below to know more about FoxTrader.

Dartstock

Dartstock is a partner platform of Upstox as Upstox has partnered with iDarts to offer you the Dartstock software to help you in your daily trading routine. Dartstock is equipped with sophisticated charting tools. You can also analyse scrips the way you want so that it suits your trading style.

Dartstock is also equipped with a live scanner tool, advanced charts, dashboard and graphs. You can also analyse the market directly from the scanners that also helps you pre-calculate various calculations. It also provides technical reports & event-driven screening of the market.

It also has 60+ technical indicators and 10+ market studies to help you analyse your scrips! You can set price alerts, you can personalize your workspace & have a dedicated watchlist to keep an eye on your favourite scrips.

Dartstock has multiple unique feature and explaining all of them here in this Upstox Review will make this a very boring review for you. So try your hands on the software and see how good it is by yourself. Or visit the DARTSTOCK WEBSITE to know more.

Here is a video to help you know more about Dartstock.

Click on the button below to download Dartstock.

Bridge For Amibroker

Though Upstox being one of the biggest discount broker in India, targeted towards retail Investors and Traders in India, Upstox still provide support for Amibroker if their users needs it.

You can write strategies in Amibroker AFL and place orders on Upstox with Upstox Amibroker Bridge and AlgoLab. Upstox Amibroker Bridge is built keeping in mind it seamlessly integrate with Upstox so you can generate orders from AmiBroker AFL.

The Order Signals that are sent by Amibroker AFL can be viewed on web and mobile platform. Upstox also provide the market data feed plugin at a very competitive price.

AlgoLab from Upstox is a dedicated panel on Upstox Pro Web and mobile for viewing, placing and modifying orders sent from AmiBroker.

With the Interactive section of AlgoLab you can receive order signals sent from Amibroker to Upstox in AlgoLab. You get a notification on your screen, anytime your strategy on Amibroker AFL triggers an order placement alert.

Your alerts are arranged by time as they come in and the newest alerts get the most attention. You can edit and execute your orders immediately without any delays with AlgoLab. You can also manage your positions and orders on the same screen of Algolab.

As Upstox is an authorised data distributor of National Stock Exchange of India, you get data that is 100% adjusted for Corporate actions and Realtime and End-Of-Day data of NSE Equity and NSE F&O Segment. You also get Intraday historical data for 3 months and End-Of-Day historical data for 12+ years.

INTERACTIVE

Receive order signals sent from Amibroker to Upstox in AlgoLab.

^₹500
per month
 

MARKET DATA FEED

Realtime OHLC and EOD data for different intervals from 1 tick to 1 month.

Starting at

^₹990
per month
 

Open a Upstox Account by clicking on the button below

and get 5 DAYS TRIAL of Amibroker Bridge from Upstox for FREE.

Here are some videos to help you use the Amibroker Bridge from Upstox.

Upstox Dev

Upstx has a robust developer platform to help you build your own trading strategies and get real time data. You can even create your own app based on the Upstox Platfom.

But at the moment of writing this article, the service is available only to closed-group users.

While Upstox resumes the service to all of their users, you can view these document on Upstox API or watch the video below to know more about how to build your own trading strategy.

Mutual Funds in Upstox

In this section of the Upstox Review, we will be discussing about the Mutual Fund segment of Upstox and the options provided by Upstox in this segment, in details.

Upstox also provide their users the option to buy Mutual Funds through their platform called UPSTOX MF PLATFORM.

Upstox provide Open-Ended Funds, Close Ended Funds and Interval Scheme Funds. Users can also choose the type of Mutual Funds Plan they prefer between Dividend, Growth and Bonus plans. There are more than 2,000 funds available on the platform.

Upstox does not charge anything for purchasing Mutual Funds on their platform but at the time of redemption or selling of Mutual Fund, Central Depository Services Limited or the CDSL charges Rs. 18.50/- which are to be paid by the investor.

How to sell Mutual Fund in Upstox?

Power Of Attorney or POA in physical form is necessary while selling your Mutual Fund. But Upstox provide another alternative to the hassle of posting, tracking and delivery of the physical form. The Alternative is – electronic Delivery Instruction Slip or e-DIS.

When you will be trying to sell your Mutual Fund units in Upstox MF Platform, the interface with redirect you to a webpage asking you for the permission of selling your Mutual Fund Online using e-DIS.

After you have permitted Upstox to use e-DIS, you will be redirected again to a CDSL page where you will complete the authorization process using the TPIN sent by CDSL to the registered Mobile Number or email address.

After you have authorized the process of transfer by entering the TPIN provided by CDSL now you will be able to sell your Mutual Fund units.

In this Upstox Review, we have also provided a detailed Step by Step guide on how you can invest in Mutual Funds through Upstox.

How to Invest in Mutual Funds through Upstox?

Before you can start investing in Mutual Funds through UPSTOX MF PLATFORM, you will need a valid Upstox Account. To Open a Upstox Account click on the above button. And Yes, you can use the same Upstox Account for Investing or Trading directly in Stocks or for Investing in Mutual Funds.

Step 1 – Visit Upstox MF Platform

Visit UPSTOX MF PLATFORM through this URL – https://upstox.com/mutual-funds or by clicking here.

Step 2 – Login to your Account

Login to your Upstox Account by clicking the Login Button present in the top-right corner of the platform. Once you click on Login, you will be redirected to the login page where you will need to enter your 6 digit UCC ID allocated to your account by Upstox and the password you have set for your account during the account opening process. After that, a Year of Birth verification will be done where you will be asked to punch-in the Year of Birth you have provided to Upstox while opening your account.

Step 3 – Search Funds

Once you have logged in to your account, now you can choose between Regular and Direct Funds. Use the filters given on the left side of the platform to fine-tune the search. Or you can use the search bar given at the top of the platform to find your preferred fund. You can also search for funds by the objective of your investment like Tax Savings, New Fund Offer, Low Risk or Growth Booster by clicking on the Collection section provided by Upstox on the top left corner of the platform.

Step 4 – View Details

Once you have found your preferred scheme, click on it to see the portfolio, historical performance and other relevant details of that scheme.

The platform provides a lot of important data, so take your time to know your fund properly.

Different Important Details About The Fund are Provided Here and More

Step 5 – Invest

You can invest in via either lumpsum or SIP, that is Systematic Investment Plan method. Once you are happy and confident with your selection, click Invest One Time to invest through lumpsum method or click Start Monthly SIP to invest through SIP method.

Troubleshooting (Optional)

If you face any problem during the whole process, Upstox provide Live Chat Support to help you through the process. Or you can dial the Upstox Customer Care Number at +91-22-6130-9999 or write to Upstox directly at [email protected]

That was it!

You are all set to achieve the goal of your investment. If you stay disciplined throughout your investment horizon.

Disclaimer- Mutual Fund Investments Are Subject To Market Risk. Please Read All The Scheme Related Document Carefully.

How to Buy International Stocks From India?

Upstox has brought for their users “The Upstox Global Investments Service”. With the global investment service, Upstox made buying shares of global blue-chip companies like Microsoft, Apple, Amazon, and Tesla, possible for their users. That too without leaving the borders of India. Upstox users can actually invest in stocks in over 60 Stock Exchanges across 25 Countries. With Upstox it is now easy to access global markets worth $90 trillion.

It is an amazing opportunity for the Upstox users to diversify their portfolio in International stocks. Whether you like Windows (which is made by Microsoft) or reading this article in an Android Phone (Android OS is made by Google) or a big old trusty iPhone user (Made by world’s number one company Apple) or you support the environmental movement brought by Elon’s electric automotive push (Tesla is a world leader in Electric Car manufacturing). Owning the stocks of such companies is now in the fingertips of Upstox users.

Upstox is excelling in every way possible and keeps surprising their users each and every day. And here too they have surprised their user with “ZERO COMMISSION” Investing and Trading in US Stock Market and that too with NO ACCOUNT OPENING FEE and NO MINIMUM INVESTMENT. And they even support FRACTIONAL SHARES. OMG!
You cannot ask for anything more.

Then the question remains is……

How to Open a Upstox International Account and Buy International Stocks From India?

Step 1

Open a Upstox Demat Account.

Open a Upstox Demat Account by clicking on the button below.

Step 2

Opt for Upstox Global Investment Account.

After you have opened your Upstox Demat Account, go to the Upstox Pro Platform and Upgrade your account for global investing.

Step 3

Ding! – Get access to Upstox Global Investment Platform

You receive your login credential and you are on your way to buying the MICROSOFTs and APPLEs of the world.

At the moment of writing this article, the Upstox Global Investment is not open for retail Investors. But you can apply for early access by following the method mentioned below.

First visit the Upstox International page by clicking here.

Then click on “Apply for early access”. Remember, to avail this feature you need to have a valid Upstox account which you can get by clicking here.

After that, you will be asked to enter your registered mobile number. Enter the mobile number associated with your Upstox Account.

Enter the 10 Digit Mobile Number and Press Enter or Click Submit.

Now you will get your invitation when Upstox starts giving out access to Upstox Global Investment.

Opening a Upstox Account

In this section of the Upstox Review, we will provide you a Step by Step guide on How to Open a Upstox Account.

How to Buy Shares in Upstox Pro Web?

In this part of the Upstox Review, we will be showing you in details how you can buy shares through Upstox Pro Web, the Browser-based platform and take delivery of the shares.

Step 1

You must have a Upstox Account, to begin with. By now if you still do not have a Upstox Account click on the button below to open one.

Step 2

Open the Upstox Pro Web login page in your preferred Web Browser by entering “pro.upstox.com” in the address bar. Or click on this link to open the page.

Step 3

After you have landed on the login page. Please enter your login credentials provided by Upstox.

You need to enter your 6-Digit User ID or UCC ID and your password. (UCC stands for Unique Client Code)

Step 4

After you have entered your login credential, click on the Sign into Upstox Pro button.

Step 5

Now you will be asked to enter your 4-Digit Passcode. Most of the time this 4-Digit Passcode is the Year of Birth you have provided to Upstox.

The moment you enter the correct 4-Digit Passcode, you will be redirected to the main console of the platform.

Step 5

Now find your preferred scrip using the Search function located above the chart.

For this example, we will be buying shares of ITC Limited.

(If you want a basic guide on how to analyze a stock so it doubles your investment, read our article on How to Double Your Money.)

Step 6

Once you have found the particular scrip that you are looking for, now it is time to place the buy order.

To buy any particular stock, right click anywhere in the chart and you will be presented with 2 options, either to Buy a stock or to Sell a stock. Click on “Buy Order” to buy a stock.

Step 7

Once you click on “Buy Order” a side window will open up. Now you need to enter the details of your order here.

In this example, we are buying 5 shares of ITC at a price of Rs. 184/- per share on a delivery basis. That means these shares will be added to our Demat account after T+2 days and we will be the proud owner of the shares.

Step 8

On the Order Details window, you need to fill up your order details.

1. Quantity – How many shares do you want to buy? Here we will enter 5 for this example.
2. Product – What kind of order do you want to place? Is it an Intraday Order or a Delivery Order? For this example, we will select “Delivery”.
3. Complexity – There are multiple kinds of complex orders like Cover Order or OCO, which are mainly used for Intraday Trading. We will select “Simple”.
   AMO or After Market Order, as the name suggests is used to place an order after the closing of the market.
4. Order Type – Do you want to buy the shares at Market Price or at your Preferred Price? We want to buy the shares at our Preferred Price so we will select “Limit”. Selecting “Market” will automatically buy your shares at whatever the Current Trading Price is.
5. Price – At what price do you want to buy your shares? Here we will enter 184 as we want to buy each share at a price of Rs. 184/-.
6. Disclosed Quantity – The number of shares in a single order in a batch of orders.
   Disclosed Quantity is mainly used by Intraday Traders or while placing Bulk Order to mask the actual order quantity so it doesn’t show up in the Market Depth.
   In India, you have to disclose at least 10% of the whole order. So if your total order quantity is 100 then you have to disclose at least 10 shares. If 500 then minimum 50. You get the idea.
   We will leave this field empty as it is not important in such a low quantity order. We might have used the “Disclosed Quantity” if we were buying 5000 shares instead of just 5.
7. Validity – How long does the order remain valid?
   Selecting “Day” will make your order valid for the whole trading day. “IOC” or “Immediate or Cancel” will make your order valid as soon as your release it. If the order fails to get executed then it will be cancelled immediately. Even if the order is partially filled then the remaining half will also get cancelled.
   IOC Order is mainly used Intraday Trader and it is mostly of no use for Delivery Buyers.

After you have properly checked and filled every necessary field, click on “Review Buy Order”.

Step 9

Once you click on Review Buy Order, you will be allowed for one last time to recheck everything. Go through the order details and review it for any kind of anomalies. If everything is properly filled in the order details then click on “Place Buy Order”.

Step 10

Once you click on “Place Buy Order”, you order will go LIVE on the market. And your order will get filled when the Market Price reaches your Order Price. And you can see your placed order in the Order Section below the chart. The Status of the Order will remain “Open” until it is filled when your order gets filled the Status will change to “Complete” indicating that the order has been filled.

You can also Modify your order until it is filled. To Modify your order, click on the “Modify” button present in the right-hand side window.

Congratulation, you are now a proud shareholder of a company. 😊

How to Close Upstox Account?

If the unfortunate situation arises where you need to close your Upstox account then you need to do that by filling up and mailing Upstox the account closure request form.

But before you start your account closing process, do clear all your dues, close your open positions and either sell or transfer your holding to a different Demat account.

Step 1

Visit upstox.com

Step 2

Click on “Support” from the top menu.

Step 3

Click on “Download Forms” from the drop down menu.

Step 4

Scroll down and you will see a section named “Account Modification Forms”.

Step 5

Now click on “Demat Account Closure”.

Step 6

A form will start downloading in PDF extension. After you have downloaded the form, do take a print out of the form, fill it up and mail it the address mentioned in the top of the form as “Correspondence Office”

Now after you have mailed the filled up form to the proper address, now wait for at least 7 days. You will get your confirmation within 7 days. After seven days if your account has still not been closed then do contact Upstox’s Customer service and they will solve your problem.

How to close Upstox Account online?

Unfortunately Upstox doesn’t support account closure through Online or Telephonic process. You need to manually fill up the Demat Account Closure form and mail it to Upstox in order to close your account.

Conclusion

If you have read this Upstox Review till the end, then you know we had a very detailed discussion about Upstox until now. We talked in-depth about each and every section of Upstox. So to conclude we find Upstox, one of the best Discount Broker in India with low brokerage and a very sophisticated and cutting edge Investing and Trading Platform. What we liked the most was the customer service of Upstox, they have an on-platform Chat System where an actual human immediately replies to all your query and their Telephone Line directly connects to a human to solve your problem and they reply within 24 hours of an email query.

So without any doubt we will recommend Upstox. Upstox will suit a novice trader to an experienced one.

After reading our Upstox Review, if you still have any queries or questions, do let us know in the comment section. We will be happy to help!

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