Upstox earlier known as RKSV Securities is one of India’s fastest-growing discount broker, good for traders who look for low brokerages, high margins, and decent trading platforms with paperless account opening.
Incorporated in 2009, Upstox is an online investment brand of RKSV Securities. RKSV is a Mumbai base discount broker, India. Upstox founded by Raghu kumar,Ravi Kumar and Shrinivas Viswanath. SEBI registered financial service provider. +1 million happy customers. RKSV offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and demat account. RKSV Sec is a member of NSE, BSE, MCX, NCDEX, NSDL, and CDSL.
Upstox offers low-cost trading services. The equity delivery (cash & carry) trading is offered for free to the customer. No brokerage is charge for orders placed in this segment. For all other trading segments across exchange, upstox charge flat ₹20 per trade brokerage.
Upstox is a company that has significantly invested in technology. It provides excellent trading platforms and tools to its customers. This includes Upstox Pro Web, Upstox MF, Upstox Pro Mobile, and Algo Lab, etc. It also offers partner platforms like Nest Desktop, AmiBroker, Dart Stock, and Fox Trader.
Why should you open a demat account at upstox?
With opstox, you can start trading in stocks, derivative, commodities and currencies with a broking house having over one decades in the market. Here are a few of the key factor about upstox:
- 2nd largest discount broker
- Over 1+ Million happy customers
- Offering low-cost brokerage service
- Free equity investments–No charge involved in delivery trading
- Flat Rs 20 per trade for Intraday, Futures & Options, Commodity and currency trading.
- Paperless instant account opening in less than 1 hour
- Get up to 20x margin on day trading
- Back up by Ratan Tata, Kalaari Capital, and GVK Davix
- Daily national exchange turnover Rs 1lakh Crore +
- Open account Free of cost.
- In-house build trading platform available for free to all customers.
Services Offered: Upstox offers its services in Equity, Commodity, Currency, & Mutual Funds.
Two type of brokerage fee
1. Upstox Basic Plan
Rs.0 equity delivery brokerage and flat Rs.20 per trade for equity F&NO, commodity and currency, or 0.05% whichever is Low.
The plan offers basic trading features in Equity Delivery segment through mobile and website. Upstock doesn’t change any brokerage for trading in Equity Delivery segment.
Upstox basic plan offers upto 20x leverage on Cash segment.
2. Upstox Priority Pack
Rs.0 equity delivery brokerage and flat Rs.30 per trade for equity F&NO, commodity and currency, or 0.10% whichever is Low.
Upstox Pro is the trading platform for frequent traders; who trade in Indra-day and F&O segments. This plan offers up to 25x leverage on the cash segment.
Along with the standard features offered in Upstox Basic Plan, Upstox Pro offers stock search, analyze, trade, and monitor stocks, currencies, F&O, and commodities. Upstox Pro provides advance charting for professional traders for technical analysis. It also offers wide range of indicators, chart types, data rich user interface
Documents required to open a demat account at upstox.
The “demat” is a short form dematerialized account. It’s the securities equivalent of your bank account, holding your financial instruments like bonds, shares, mutual funds, government securities and exchange-traded funds (ETFs). It’s called so because it holds all of them in a dematerialized or electronic format. You as an investor (or a shareholder) have the advantage of holding shares in electronic form rather than physical form. Hence, there are few governments approved documents required for your demat account
Documents required to Open demat Account
Proof Of Identity
- Any one document need below list
- PAN Card
- UID (Aadhaar)
- Driving Licence
- Voter Identity Card
- NREGA Job Card
- Any document notified by the central government
Proof of address
- : Any one document need below list as proof of address
- UID (Aadhaar)
- Voter Identity Card
- State issues Driving License
- NREGA Job Card
- The utility bill is not over two months old of any service provider (electricity, telephone, post-paid
mobile phone, piped gas, water bill).
- Bank account or Post Office savings bank account statement.
- Documents issued by Government departments of foreign jurisdictions and letters issued by the Foreign Embassy or Mission in India.
Proof of bank
You’ll have to show proof of the bank account that you wish to connect with your account.
1 Cancelled cheque
2 Bank Account Statement
Account opening charges at upstox
- Account opening charge: FREE )
- Annual Maintenance Charge: Rs 300 per year (paid monthly)
Special Offer: Right now, 1million traders offer zero brokerage for 30 days, free beginner’s course on the stock market at elearnmarkets worth Rs.999 and free stockedge premium membership worth Rs. 999. account open FREE Here’s a quick link to open your FREE account with upstox
Why Choose Upstox?
Upstox is certified with the market regulator Securities and Exchange Board of India (SEBI). It has exchanged memberships with all the leading exchanges in India, including the NSE, BSE, and MCX. It is safe and a convenient option for all your stock market trading needs. And there are many benefits of trading with over any other brokerage firm in India.
As a low-cost broker, the first obvious benefit is—you save tremendously. You are bound to save costs. Most brokers in India charge brokerage as a percentage of turnover, but not Upstox. So, you don’t pay brokerage on your trades.
Another benefit of Upstox is an industry heavyweight. Despite beginning operations in 2012, 1million plus happy customers already account open. Daily turnover Rs.1lakhs crore plus across all exchanges. Back up by Ratan Tata, Kalaari Capital and GVK Davix
Paperless account opening procedure
The market regulator Securities and Exchange Board of India (SEBI) has mandated that every broker verify the details of their customers as part of the Know Your Customer (KYC) norms. This includes conducting an In-person Verification (IPV). We conduct this process over the web. So, your account opening process is paperless and quick. The complete process of opening an account, thus, usually takes 1-2 hours.
Various trading Platform and Tools
Upstox also provides the best trading platform like Upstox Pro Web, Upstox MF, Upstox Pro Mobile App both android and IOS, and Algo Lab, etc. It also offers partner platforms like Nest Desktop, AmiBroker, Dart Stock, and Fox Trader. upstox brokerage calculator, SPAN calculator, and options builder tool provides superior trading tools.
Quality customer service
Upstox has the best customer service team support through telephone, emails and online ticketing system ensures that they answer promptly queries.