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Upstox Pro discount broker All you want to know


Upstox Pro

Upstox is a leading discount broker in India and one of the fastest growing discount broker. Ratan Tata invested in this company a few years ago. Recently Tiger global invested 25 million in upstox. It is growing fast with cutting edge technology and low brokerage and gaining market share. Upstox added 1 lakh clients in December month 2020 only. They are providing some of the best trading platforms for traders and investors and making it better with frequent updates. Upstox pro is upstox web trading platform.

Things I liked about upstox are,

  • Clean web interface with good charts. 
  • Basket order for option orders which is very useful for multi leg order placements.
  • Simple and user-friendly mobile application.
  • Free account opening and low brokerage.
  • Complete online account opening process.

How to open demat account in upstox or upstox account opening process

To trade in share market or commodity or currency market, you need a trading account. To buy and hold a share in share market you need a demat account also. You can easily open your trading and demat account with upstox by filling their account opening form. Link is given below. 

Upstox account opening process is completely online and you can open trading and demat account in a few minutes by going to this link Upstox.

7 Steps to open upstox demat account

  1. Visit Upstox account opening page
  2. Fill email and mobile number
  3. Fill personal details, bank details, pan card details
  4. Upload photo and signature, bank statement (only for f&o)
  5. Esign with adhar OTP
  6. Upload IPV video if asked.
  7. You will get unique id and password as email.

Is sending POA and nominee form mandatory ?

Its upto you whether you want to send hard copy of POA or power of attorney and nominee form. Power of attorney or POA makes it easier to sell a share from your holding. But if you didnt courier hard copy of POA, you can buy and sell shares with eDIS facility of Upstox by filling OTP during selling a stock. So its not a big issue and its more safe. There is a limit of Rs. 20 Lakhs per order. eDIS is applicable only in delivery trades.
In case of nominee form it is better to send it. 

Upstox account opening charges

Currently they have an offer to open account completely free if you open account with registered partners link. You can use our link to open free demat and trading account with upstox.
Use coupon code UPSTOX500  while account opening to get Flipkart voucher worth RS300, and  another 200 if you trade within 7 days of account opening.
coupon code is available till 20th December 


Documents required to open upstox account

  • Any one Identity Proof like Pan card, adhar card, passport, voter id, driving license, any id card issued by central or state government.
  • Address proof.
  • Bank account proof like cancelled cheque with your name printed on it or Passbook with IFSC Copy.
  • Any income proof like bank statement or ITR, salary certificate etc ( For F&O and Commodity Segment ).

Upstox annual maintenance or amc charges

Upstox charge very low amc charge or annual maintenance charge. It was Rs.150. But from January 2020, they updated it. Now monthly Maintenance Charges for Demat Account is per month basis. Customer has to pay monthly maintenance charges of Rs.25 + GST i.e. Rs.29.50/- each month. Henceforth there will be no AMC for Demat Account only MMC or monthly maintainance charge will be applicable. These charges will be debited in advance from the customer. (Eg. Charges for the month of February will be deducted in start of the month). These charges are applicable for New as well as existing customer's. MMC charges will be debited from the Trading Account.

Update Upstox Monthly maintenance charge or MMC

Now upstox is charging monthly maintenance charge or MMC instead of AMC. Currently charge is Rs.25 + GST.

Upstox trading platforms and mobile app

 Upstox provides a feature rich web platform - Upstox pro web, leading desktop trading platforms like NEST and DART trader.

Upstox pro web is a popular trading platform with many features. Upstox pro web platform is customisable. Not many brokers provide a customisable interface for trading in India. It has a good chart with all indicators and tools needed for analysis. Upstox pro web also have trade from chart facility which is very useful for traders. They Recently they introduced dark theme in upstox pro web, which many people liked. Dark themed apps are todays trend and upstox pro web have it.

Upstox mobile app is also very smooth and work in almost all mobile. Upstox mobile app also have a good chart with all indicators and drawing tools for analysis. I have written another blogpost about mobile platform. Check it Upstox pro mobile. There is also a video of this mobile platform there. Its smooth functioning help to trade intraday, future and options (f&o), commodity etc from mobile itself. You can try demo version of upstox mobile app and trading platform to test before opening account.

Upstox has desktop platforms for all type of traders based on their need. Upstox desktop platforms are nest trader, fox trader and dart stock. Nest and dart stock trader platforms are provided for free. Nest is best for fast order placing and trading. But Dart stock and fox trader are advanced platforms with features useful for all type of traders including intraday, positional and futures and options. Fox trader is an advanced tool for traders. Upstox provide this platform for clients for a small fee. Fox trader is very useful for advanced charting, analysis, automation and back testing your strategies.

How to buy and sell stocks in upstox

Upstox has a very simple user interface. You can easily buy and sell shares using this platform. Step by step procedure of buying and selling a share and process of generating TPIN for selling shares in demat account is explained in this blog post. Please check it.

Upstox Mutual fund platform

Using upstox mutual fund platform you can buy mutual funds. More than 2000 mutual funds are available in this platform. You can use it to analyze and study about various mutual funds. Multi year returns, portfolio and all other details of mutual funds are give in this platform.

Upstox International

Upstox is planning to launch a platform for investing in international markets. To read more about this check this post in oun website : Upstox International .

Other features

Upsrox provides complex order types like cover order, bracket order etc. Upstox also support bucket order, api services etc.
Cover order and bracket order is a popular feature in trading platforms. Bracket helps to put both limit, stoploss and target order in one order. Cover order comes with limit and stoploss together.
Bracket order in Upstox is called OCO order. You can find this option under order complexity feature in upstox pro web and mobile application.

Upstox brokerage charges

Upstox is a discount broker with 0 brokerage on delivery trades and 0.01 or Rs.20 whichever is smaller for intraday similar to zerodha. For brokerage calculation You can use upstox brokerage calculator webpage. Brokerage structure is almost similar to other leading brokers like zerodha and fyers. These companies provide low brokerage with good reliable platform for traders. 

Upstox leverage

Upstox provide 20 times leverage in basic plan and 25 times in priority plan. It provides more leverage on cover order and bracket order. You can use upstox margin calculator for more details. Upstox also provide a pdf file for margin calculation in their web page which they update daily.

Upstox margin trading facility

Upstox provide margin trading facility in delivery traders for a small fee. Normally discount brokers dont have BTST or provide margin for delivery trades. ut upstox now provides it. Upstox margin trade charges are Rs. 20/day for each slabs of Rs.50000.

Upstox 3 in 1 account

Upstox partnered with Indusind bank to provide 3 in 1 account for traders and investors. 3 in 1 account integrates your savings, trading and demat accounts which will help to trade without moving fund from your savings account.

Upstox vs zerodha, upstox vs 5 paisa -

 Eventhough zerodha is leader, upstox has advantage of better platforms here. Comparing zerodha, 5 paisa, upstox mobile apps, upstox pro and zerodha are fastest and easy to load charts and trade.

Upstox contact or Upstox customer care

The feature I liked most in their service is option to chat with customer care directly from their mobile app. You can find chat option in mobile app and clear doubts from mobile app itself while trading. You can also contact upstox through email or number provided on their website.

Upstox backoffice or upstox keystone

Upstox back office or upstox keystone is one of the most refined and fearure rich back office among brokers in India. Any new user can use it as it have a simple and user friendly interface.
You may not be able to find offices of discount brokers like zerodha, upstox in every city. For example in my city Kasaragod, you cant find upstox or zerodha office in kasaragod. Upstox has only one office in Kerala itself. So you can use our link and complete account opening online. Any one in Kasaragod in Kerala can visit our office also to open upstox account.
You can check How to use upstox mobile app tutorial post here :Upstox pro mobile application

Watch my video below in Malayalam to know more about upstox.



Check out our share market malayalam youtube page for more share market related videos in Malayalam

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