4 Overall

Upstox is a discount brokerage company headquartered in Mumbai, India that holds memberships with the NSE, BSE, MCX, and MCX-SX. The company allows retail investors and institutional corporations in India the ability to invest in financial market at lower rates compared to traditional full-service brokers.

Brokerage Charges4.5
Platforms & Tools 3.5
Customer Service 3.5
  • No Provision to Invest in IPOs & Mutual Funds.
  • Margin funding and margin against shares is not available.
  • Average Customer Service.

Upstox Overview

Upstox, formerly known as RKSV Securities is the second largest discount broker that offers multiple opportunities in Equity, Currencies, & Commodity trading services at BSE, NSE, & MCX. They are low-cost broking firm with more than 20,000 customers across the country, and a turnover of INR 7000 crore on a daily basis. This stock broking firm was launched in retail trading segment in January, 2012 by Raghu Kumar, Ravi Kumar and Shrinivas Viswanath and is backed up by some of the prominent names such as  Ratan TataKalaari Capital and GVK Davix.

Upstox Brokerage Charges

Upstox offers low brokerage charges similar to Zerodha in equity Investment for brokerage free and 0.01% or Rs 20 whichever is lower per executed order for all other segments be it equities intraday, currencies, FnO, or commodities.

Trading Segment Brokerage Charges
Equity Delivery Rs 0 (Free Unlimited Equity Delivery Trades)
Equity Intraday 0.01% or Rs 20 per trade whichever is lower
Equity Future 0.01% or Rs 20 per trade whichever is lower
Equity Options Rs 20 per executed order
Currency Futures 0.01% or Rs 20 per trade whichever is lower
Currency Options Rs 20 per executed order
Commodity 0.01% or Rs 20 per trade whichever is lower

Upstox Other Charges


Upstox Platforms & Tools


Upstox Education & Research


Upstox Customer Service


Upstox Closing Thoughts

Upstox provides its investors all types of communication channels such as web chat, toll-free numbers and also some automated bots that help traders to have a smooth trading experience. Although there are numerous ways of communication that the discount broker provides, there are certain areas of improvement. Thus, clients who trade regularly might find the overall trading quality below average.

Upstox is a great choice for trading as it offers an advanced suite of platforms and tools. If you are a beginner, you will like the features of zero brokerage and the availability of advanced trading platforms. Although the web platform is well organized and user-friendly, it takes time to get used to viewing and does not look good on smaller screens. Overall, it doesn’t matter if you are a beginner or an experienced trader if you are looking for a broker Upstox should be in your shortlist.