Upstox

(3.4)
3.4/5

Backed by Tiger Global & Ratan Tata, Upstox is a discount broker that provides free third-party premium subscriptions at the time of account opening

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Pros

Advantages and Strengths of this broker.

Cons

Disadvantages of this broker that it needs to improve upon.

Upstox Ratings & Reviews

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3.7)
3.7/5

Usability

(4)
4/5

Customer Service

(2.5)
2.5/5

Charges Review

  • Offers minimal brokerage based on type of plan.
  • Equity delivery is free with both Priority Plan and Basic Plan.
  • Their call & trade charges are lower than other brokers.
  • Demat Transaction Charges are higher for the Basic Plan.
  • Advanced trading platform is provided for free which makes it more popular among traders.
 

Customer Service Review

  • Upstox provides email & call support but not satisfactorily.
  • As per customer reviews, support is provided if you raise a ticket but the response is delayed.
  • No Relationship Manager is provided upon opening of the account
 

Ease of Use Review

  • The trading platforms are quite advanced and user friendly.
  • They offer numerous third-party platforms (Dartstock, NEST Trader and Fox Trader) for trading.
  • Upstox’s mutual fund investment platform offers both Direct and Regular plans, but the investor needs to be cautious while placing an order.
 

Account Opening Procedure Review

  • For individual accounts, the online account opening process is quite simple and convenient.
  • The offline procedure is cumbersome and time consuming (even for individual accounts) due to a lesser number of physical branches.
  • Paid subscriptions of research tools (like Moneycontrol Pro, StockEdge Premium etc.) and educational courses are provided complimentary with Upstox’s account.

Why Choose Upstox?

Verdict

 

 

Upstox offers minimal brokerage and affordable plans. Backed by Mr. Ratan Tata, Upstox enjoys the second highest number of active clients. It provides advanced software for trading with terminal experience. Priority Plan comes with more leverage as compared to Basic Plan. Thus, Upstox can serve you better if you are a trader.

 

 

If you are a trader, the broker provides you with

  • A trading platform to analyse the market with the help of charting tools, backtesting & live scanning for strategic decision making.

  • Dartstock software platform provides live & trend scanner, opportunity finder, recover & fall tracker & many more tools.

  • Nest trading software platform provides a terminal experience to traders.

 

If you are an investor, the broker provides you with

  • Provides free subscriptions to premium educational content.
  • Investors can invest globally through upstox’s platforms.
  • Mutual Fund investments in direct plans are available.
  • Platforms have a user-friendly interface and are easy to understand.
  • For an investor, the basic plan is sufficient to transact in every segment.

 

 

Trading Tools

 

Pro Web Trading Platform

Upstox Pro Web offers a variety of trading features like charting with technical indicators, shortcuts (hotkeys) for faster trading, etc. The traders may need some guidance in understanding the features of the platform which is available as an online demo on the website.

 

Upstox Pro Mobile (Mobile Trading App)

Pro Mobile is a mobile trading application offered by Upstox for Android & iOS users. It facilitates trading in multiple segments including NSE cash, Futures and Options, and Currencies along with Technical indicators on real-time charts.