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Review: Investors in India have voted this online stock trading platform as the most reliable stock broker

Review: An online private discount broker based in India, Upstox was originally known as RKSV Securities.

Review: They provide services in the areas of commodities, stocks, futures, mutual funds, initial public offerings (IPOs), currencies, and options.

Review: Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath are the proprietors of Upstox, and the company was developed and started by them in 2011.

Upstox has more over 4 million users.

 

Visit Upstox Website.

 

RKSV Securities India Pvt. Ltd. was the previous name for this company.

Review: The brokerage firm has received funding from a number of different investors, including GVK Davix, Ratan Tata, and Kalaari Capital, amongst others. In addition, the broker holds registrations with the Securities and Exchange Board of India (SEBI), the National Securities Depository Limited (NSDL), and the Central Depositories Services India (CDSL).

The present headquarters of Upstox can be found in Mumbai, India; nevertheless, the broker has partner offices spread out over the entirety of India, especially in Kerala and Gujarat.

Their HTML-based web trading platform that is exclusive to the broker is known as Upstox Pro. Users are not required to download the platform, and they may quickly log in to view this on a Windows PC or a Mac using a browser.

Review: The following are the primary characteristics of Upstox's trading terminal:

  • Charting tools that are quite powerful and can identify market patterns

  • Instantaneous a variety of different order kinds i.e. GTT order

  • Clear and easy to understand dashboard

  • 100+ configurable indicators

  • The most recent news stream from the market

  • Several kinds of widgets

  • Watchlists

 

To improve its users' overall trading experience, Upstox provides a selection of third-party software applications for download. The NEST trading program and Dartstock are both included in the packages.

Review: The NEST platform has a user-friendly interface for entering buy and sell orders for many types of securities. Although it does need download and installation, NEST is completely free for clients to use and works particularly well for active traders.

Review: Upstox offers a Programming Interface (API) for developers and algorithmic traders, with support for both Node JS and Python. In addition, the broker's back office technology enables you to access reports of your profit and loss, often known as P&L, as well as previous yearly statements.

Review: Upstox is a bargain broker, thus its trading costs are cheap across the board for all of its asset classes.

Review: The following fees and costs are included as features in the pricing model:

  • Zero commission in mutual funds

  • Free of charge brokerage for initial public offerings and mutual funds

  • On Equity Delivery orders, there is a flat cost of INR 20 or 0.1 percent (whichever is lower), whichever is greater.

  • On Equity Intraday, Futures and Options, Currency, and Commodity trades, you will be charged a flat fee of INR 20 or 0.05 percent, whichever is lesser.

  • On its website, Upstox includes a full price list of brokerage rates, and there are no hidden fees or additional costs.

 

Review: Upstox complies with the updated SEBI requirements by providing a maximum leverage of 1:5 for intraday and cover orders (CO) in equity markets. In addition, the broker is allowed up to 1:1.33 margins on intraday and CO orders for futures and stock futures, indices and stock options (selling), NSE currency futures, and MCX futures.

In case you have any questions regarding margin needs, the intraday margin and leverage calculator that Upstox provides will break down the entire amount that is necessary to build your portfolio.

Review: A unique mobile version of the Upstox Pro platform is available from Upstox and is referred to as Pro Mobile. You can trade anywhere you are thanks to the mobile app, which is accessible on both iOS and Android.

Charts, numerous order types, and price alerts are just some of the services that are still accessible to members through the desktop software. However, users of mobile apps have the advantage of receiving quick notifications.

Review: Upstox does not provide its users with a simulated demo account. However, traders get access to the broker's trading platforms even if they have not funded their accounts; all they need to do is establish an account.

You will get access to real-time market data and will be given a tour of the Upstox Pro platform, but you will not be able to trade with virtual funds or replicate any orders.

Review: Upstox holds a license with SEBI, identified by the registration number INZ000185137, which is held by RKSV Securities. In addition to that, it has registrations with the CDSL (IN-DP-CDSL- 00283831) and the NSDL (IN-DP-NSDL-11497282).

Review: "Learn With Upstox" is the name of a specialized video series that can be found on YouTube and contains videos that are both free and easy to grasp. These are suitable for novice traders who are wanting to start their investing adventure, as well as for more experienced traders who are trying to improve their existing investment plan.

The Demat account offered by Upstox gives you the ability to store your shares in an electronic format. Without a Demat account to hold their holdings, Indian traders are unable to invest in the stock market.

Review: A one-time "account starting charge" of INR 249 is required to create a Demat account with Upstox. Additionally, the "annual maintenance charge" (AMC) for the account is INR 150 per year.

Upstox provides a comprehensive trading solution in the form of a joint account that is both a trading account and a Demat account in one convenient package.

The following helpline numbers should be used for new accounts: 022 4179 2991, 022 6904 2291, and 022 7130 9991 (everyday from 09:00 to 23:00 IST)
Email: new.account@upstox.com

Helpline Numbers for Current Customers are as follows: 022 4179 2999, 022 6904 2299, and 022 7130 9999 (Monday through Friday from 8:00 to 23:00 IST; Saturday and Sunday from 09:00 to 23:00 IST)
Email: support@upstox.com

Review: Existing users may take advantage of Upstox's 3-in-1 account, which combines a Demat account, a trading account, and a savings account into an one convenient package. As a result, you won't need to worry about transferring cash in order to engage in smooth trading.

ForexBrokers.co.in fully endorses Upstox.

 

 

Written by Swarna Shrivastav

Swarna ShrivastavI'm an investment banker. But I also write for, and fact-check articles published by ForexBrokers.co.in. Full Bio.

 

 

 


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