Upstox Review: Brokerage, Margin & Charges, Demat Account, Trading 2020

RKSV securities are also known as Upstox. It is the second-largest discount broker in India. The broker charges are very cheap and affordable. Founded by Ravi Kumar, Shrini Viswanath, and Raghu Kumar, RKSV was started in 2012. The company’s name R.K.S.V is derived from the first letter of name and surname of founders. The company has a turnover of 13,000 clients and accounts for 2% of the total daily turnover at the NSE.

The company offers services at the NSE, BSE, and the MCX. They offer Equity, F & O, Currency, and Commodity trading. The system is user friendly and makes it easier for users to place orders through web browsers and mobile applications as it is built on Omnisys NEST OMS. A lot of investors have invested effectively in the company. The company is backed up by the Kalaari Group, Mr Ratan Tata, and GVK Davix. It is one of the first technological low-cost brokerage firms.

RKSV offers a fee trading account. But the trading in Equity F&O, Commodities, equity Intra-Day, and the currency derivatives will come at a fee of Rs.20 per order traded regardless of the amount traded. The company also has a trading academy. It specializes in the trading and educating people about the financial markets. It also explains how they can benefit and make profits from them. To make this education system easy the classes are conducted online.

Through online classes, they are able to reach a lot of students whether it be local or international. They teach about the basics of the stock market to option trading strategies and also introducing algorithmic trading to more experienced traders in the markets.
Upstox’s trading platforms

Upstox’s Trading Platforms

The broker firm is diverse and has 3 trading platforms. The users can access the firm’s services through the web, mobile, and desktop. The trading platform of the RKSV is Upstox. It is developed by the in-house team of RKSV. The platform offers analysis, charting, trading, and other features that are rich in content. The whole platform is constructed by a team of specialized and professional engineers of Upstox. It has been developed at the head office of the company in the Sunshine Tower.

1. The Upstox Pro Web

Times have changed and people are turning towards online trading. There has been an increase in the number of people who have turned to online trading and to cope up with that the Upstox website has been turned to a tool. Now, the website is a tool that is more sophisticated and cutting edge to make it calculate and place trades at a fast pace in accordance with the movement of the live market. the website or the browser is extremely user friendly, it is very lightweight. Explaining lightweight means, it can be accessed via any means. The website can be accessed using a laptop, desktop, or any other form of media. One of the privileges is that you don’t have to download any application for this.

2. Mobile platform application

The application is very easy to use, the user has to download and install the application in their phones, and after which they can create a trading account easily. once the account is created they can start placing the trades. The application also has a log in less feature. The app is great as it allows the user to easily such for stocks, gain access to all the NSE cash, futures, currencies, and options, providing cutting edge charting tools plus a host of many other features.

3. Desktop platform

Upstox becomes the official trading terminal of any broker as it offers NSET tool using the Omnisys NEST feature on download. It also gives access to advanced trading charts, user portfolios, fund transfer, margin reports, multi-monitor support, customizable shortcuts, and interfaces.

Upstox Trading Plan

There are two different types of accounts that the broker offers to the user on registering and each one will suite them. The two types of accounts are:

1. Upstox Basic: This is the basis of all. It just offers basic trading features of Equity Delivery. It is supported on both mobile and website.
2. Upstox Priority Plan: This account offers a variety of options. It comes at a fee of Rs.20. The account provides stock analysis, search, trade, and monitoring stocks, commodities, currencies, and F&O. It also provides advanced charting for technical analysis. It is used by professional traders and it has a wide range of chart types and indicators with a data-rich user interface.

Upstox Brokerage

• Upstox Trading account opening charges (one time): Rs. 150 for Equity and F&O, Rs. 150 for commodity
•  Upstox Trading annual maintenance charges (AMC): Rs. 0
•  Upstox Demat account Opening ChargesOne Time): Rs.0
•  Upstox Demat Account Annual Maintenance Charges(AMC): Rs. 150 per year
• Total Account opening Fee: Rs.531 (as Rs. 150 +Rs. 150+ Rs. 150 +Rs. 81(18% GST))

Plan 1: Upstox (Upstox Basic): Equity Delivery Based Trades: Rs. 0 (no trade limit)

2. Plan 2: Upstox Pro

• Equity Delivery Based Trades: Rs. 0 (free Unlimited Equity Delivery Trades)
• Equity Intraday Trades: 0.01% per Rs 20 per executed order (whichever is lower)
• Equity Future: 0.01% or Rs.20 per executed order (whichever is lower)
• Equity Options: Rs 20 per executed order (On turnover)
• Currency Futures: 0.01% or Rs.20 per executed order (whichever is lower)
• Currency Options: Rs. 20 per executed order
• Commodity Futures: 0.01% or Rs.20 per executed order (whichever is lower)

Upstox Brokerage Fee in Detail

Upstox Charge Explained

• STT: If Intraday and F&O are being sold these charges are applied. It is charged on both sides for Delivery trades in equity.
• Stamp Duty: the charges based on the state the customer is located on.
• Goods and Services Tax (GST): this is charges at 18% pf the total cost of brokerage plus transaction charges.
• SEBI Turnover Fees: This is charged at Rs. 15 per Crore.
• Transaction or Turnover Charges: This is charged at Rs. 350 per crore for Equity, Rs 210. Per crore for Futures, Rs 5500 per Crore on premium for options.

Other Charges (Upstox Broker Hidden Charges / Fees):

1. Call and Trade: Rs 20 per executed order
2. Physical Contract notes: Rs 25 per contract note plus courier charges
3. Instant Money Transfer Fee: Rs 7 per transfer.

Upstox Demat Account Charges

Upstox offers Demat account service (or DP or depository services). The Upstox fees for Demat account transitions are as below:

Upstox Exposure Margin

Upstox Exposure Margin for intraday, delivery, options, currency and commodities. 

Advantages and Disadvantages of RKSV Upstox

Advantages:

• The customer does not have to pay any brokerage fee as the Equity delivery segment is brokerage trading free and they don’t have to pay anything in the equity segment.
• The mobile application is compatible with both iOS and Android devices. There are no software charges as well.
• The After Market order, The brokerage order, and the cover order are available for mobile and web applications.
• The Upstox Pro has a major advantage as it comes with a number of indicators to monitor the markets live.
• The Upstox Amibroker Bridge also helps users to code their own strategy and execute it using the AFL editor.
• There is a developer console it helps the user to build their own coded trading apps using languages like python.

Disadvantages

One of the disadvantages is the good till cancelled and the good till orders are not generic Cialis http://www.slaterpharmacy.com/available in the Equity segment. Though they are available in commodity trading.

There is an option for higher leverage in the Upstox Pro but there is no option for margin funding.
The brokerage fee is higher than other brokerage fees offered at different platforms. Also, monthly trading plans are limited.

Who Is The Owner Of Upstox

Ravi Kumar is now the co-founder and CEO of Upstox. Upstox is a leading fintech brokerage firm based in Mumbai. Ravi has been trading in stock markets since he was 16. Under the leadership of Ravi, in the past one year Upstox has improved a lot and has doubled its number of clients.

Ravi Kumar has a degree in Computer Science from the University of California Irvine. He started algorithmic high-frequency trading funds out of Chicago with his brother. Since he was a teenager he was passionate about trading and the stock market. After the recession in the US in 2010, Ravi Kumar saw India as a potential and emerging market in stocks. Keeping this in mind he co-founded RKSV with his brother Raghu Kumar and Shrini Viswanath.

In 2011, the founders and the co-founders of RKSV decided to make RKSV Securities as an easier trading platform at a low brokerage. Their aim was to make software trading accessible for every Indian citizen ao that they can start trading and investing in the stock market. In 2016, they changed the named RKSV Securities to Upstox.

Upstox is a private limited company. It is backed by a group of investors. These investors include Ratan Tata, Tiger Global, and GVK Davix. Upstox Investor includes:

Tiger Global Management: 31% stake

Kalaari Capital Partners: 15.21% stake

GVK Davix Technologies- 2.54% stake

Ratan Tata: 1.33% stake.

The remaining 50% of the stakes belong to the promoters of the company who are Ravi Kumar and Shrinivas Vishwanath.