Upstox is one of the leading platforms for investment. In India stock market is achieving new milestones day by day and everyone wants to invest in the stock market. But there are a lot of brokers available like Groww, Upstox, 5paisa, etc. Choosing the right broker can help you to manage your money easily so RevenueReview.in is one of the best platforms that offer genuine research-based blogs regarding Loan & Investment apps.
Upstox – Stocks & Demat Account app available on the Google Play Store & App Store and you can also invest money through their website upstox.com. Before investing & downloading it make sure to read the complete review & I hope you will enjoy it.
In today’s blog post, I am going to review the most popular broker platform Upstox. In this review, I will share Upstox Charges, How to buy & sell stocks, refer & earn program, and more mentioned below.
Upstox Broker App Details
| App Name | Upstox – Stocks & Demat Account |
| App Category | Finance |
| App Version | 2.2.24 |
| App Downloads | 10M+ downloads |
| Released on | Sep 13, 2021 |
| Play Store Rating | 4.4 out of 5.0 |
| Offered by | Upstox – Stock Market Trading & Demat Account App |
Upstox is one of the most popular stock brokers in India. With upstox users can easily invest in different segments like equities, commodities, currency, futures & options. We can easily access it through their website upstox.com or with their mobile app. Upstox can be your best companion because of its lower charges and good customer support. Let’s explore more about upstox and find out how it is better than other brokers.
Upstox Refer & Earn Program
Upstox has its own refer and earn program in which it pays you for referring upstox to new users. If you don’t have much money to start trading and investment then you can earn through their referral program. As of today, they pay up to 150rs per refer but sometimes upstox also pay 1,000rs per refer. So, I suggest you open a demat account on Upstox and start referring your friends.
| Upstox Referal Link | https://link.upstox.com/S79gCsnR7xBz7eJq6 |
Upstox Customer Care
Having some issues with upstox? If Yes, don’t worry just reach out the customer support with the following information given below:
| Email ID | support@upstox.com |
| Phone Number | 022-41792999 |
| Address | 30th Floor, SunshineTower, Senapati Bapat Marg, Dadar(W), Mumbai, Maharashtra 400013 |
Upstox Charges
Upstox is one of the best brokers in India and offers many investment opportunities. If you are looking for a stock broker then you must be required to know about their charges. Many brokers in the market have high charges but upstox is different from others. You don’t require any charge for upstox account opening but for annual maintenance upstox charges 150/- per annum. Let’s see more charges.
Upstox Equity Delivery & Intraday Charges
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 20 per executed order or 2.5% (whichever is lower) | Rs 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 | NSE Rs 345 per Cr (0.00345%) BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 345 per Cr (0.00345%) BSE Rs 300 per Cr (0.003%) (each side) |
| Demat Transaction Charges | Rs 18.5 per scrip (only on sell) | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox F&O Charges
| Charges | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order |
| STT | 0.1% (on Sell Side) | 0.05% (on Sell Side) |
| Transaction Charges | Rs 190 per Cr (0.0019%) | Rs 5000 per Cr (0.05%) (on premium) |
| Demat Transaction Charges | Rs 0 | Rs 0 |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Upstox Currency Charges
| Charges | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order |
| STT | No STT | No STT |
| Transaction Charges | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Upstox Commodity Charges
| Charges | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.05% (whichever is lower) | Flat Rs 20 per executed order |
| STT | 0.01% on sell trade (Non-Agri) | 0.05% on sell trade |
| Transaction Charges | Group A – Rs 260 per Cr (0.0026%) | – |
| GST | 18% (on Brokerage + Transaction Charges) | 18% (on Brokerage + Transaction Charges) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Duty | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Other Upstox Charges
| Charges | Details |
|---|---|
| Call & Trade | Rs 20 per executed order |
| Physical contract notes | Rs 25 per contract note plus courier charges. (Digital contract notes are free.) |
| Instant Money Transfer Fee | Rs 7 per transfer |
Feature of Upstox
Upstox is one of the leading stock brokers in India. Here are some features that upstox offers:
Pros & Cons of Upstox
| PROS | CONS |
|---|---|
| User-friendly Interface | Limited Investment Options |
| No Account Opening Charges | Limited Research & Analysis |
| Offer Marginal Trading | Technical Glitches |
| Good Customer Support | Some user face bad customer support |
| Earn money by referring friends | |
| Secure & Easy to use |
How to open a demat account in Upstox?
Wanna start your investment journey with Upstox? If Yes then now I will share how you can create an account on upstox. You can create an account through upstox official website or mobile app. Let’s get started with the process.
Requirements
2. You have a valid government ID like an Aadhar Card or PAN Card.
3. You must have a bank account linked with your PAN Card.
Upstox Account Opening Process Step-By-Step
Firstly, download the upstox app from Google Play Store. You can also try their website upstox.com for account opening (https://link.upstox.com/S79gCsnR7xBz7eJq6). After downloading just open the app.
After downloading you need to sign up with upstox using your mobile number & email address.
Next, you need to add some KYC documents so I will recommend you to watch the given video & complete the process.
Referral Link: https://link.upstox.com/S79gCsnR7xBz7eJq6
How to buy stocks in the Upstox App?
- Firstly Open the Upstox app or upstox.com and select a stock that you want to buy. In our case, we are going to buy Wipro stock.
- You can see the buy button as given in the image. Just click on the buy button.
Now select a stock quantity and order type. We want to buy WIPRO at market price and for the long (Delivery). After that, Click on the “Review Buy Order” button.
Now you can see all the charges placed to buy a stock. If you agree with all charges then click on the “submit order” button. Hurry you buy your first stock with upstox.
Make sure to watch the video given below for better understanding. Note that before buying any stock make sure to research company fundamentals.
How to sell stocks in Upstox?
Wanna sell stock on Upstox? If Yes then you must follow the following instructions:
You can watch the given video for a better understanding of selling stocks on Upstox.
How to add a nominee in Upstox?
Wanna add a nominee to your Upstox Demat account? If Yes, then you are at the right place. Follow the instructions given below:
- Go to Upstox.com
- Visit to “My Account” section.
- Here you can see the nominees’ options. Just fill in all the details like Name, Relationship, DOB, and PAN Card.
- Once completed click on the “Continue” button.
- Now you need to verify it through OTP on your mobile number.
- It will take 2 or 3 working days to verify your nominee’s details.
Hurry! we added our nominee’s details to the Upstox Demat Account.
How to close an Upstox account?
Before closing your Upstox account ensure you have no active holdings, mutual funds, SIPs, and clear balance. Follow the given instructions to close your upstox account:
- Visit Upstox.com website.
- Login with your registered mobile number.
- As given in the image, you can see the “My Account” section. Go to the “My Account” section. After that open the profile section.
- In the profile section, you can see the “Close Account” section as given in the image.
- Go to the close account section you need to fill account closure reason.
- Select a valid reason and click on the “Continue” button.
- In the next step, you can see your holdings, mutual funds, SIPs, and account balance. If upstox shows everything clear then click on the “Close Account” button.
Is Upstox safe to invest in?
Upstox is a safe and secure broker with an easy-to-use interface. If you are looking for a broker that can help you start your investment journey then upstox can be a better option. These days upstox become one of the most popular brokers providing safe & secure payment options.
Upstox Review
Upstox
Summary
Upstox is one of the leading stock brokers in India. According to me, Upstox can be a better choice if you want to start your investment journey in the stock market. Its easy interface & safe and secure payment options always keep your money safe. Upstox has a lot of benefits over other brokers like minimal charges, good customer support, and best investment opportunities. Don’t forget to use my referral link.