Upstox(RKSV): Demat and trading Account Opening, Reviews, Brokerage Charges

(Last Updated On: June 15, 2017)

Upstox is a discount Broker. In this post, we will discuss Demat and Trading Account opening Charges, Reviews and Brokerage Charges while opening an account with Upstox.

RKSV Securities known as Upstox is discount broking company and is very much different from full-service broking company. It is established in 2011, with an objective “to provide an easier trading platform and at a low brokerage”. The company changed its name to Upstox in 2016, aligned with its mission “to make cutting-edge trading software accessible to every citizen of India so that trading and investing in the stock markets is possible for all.” Upstox provides its services through online mode.

Discount Brokers provides service at very low rates of brokerage and does not provide the value added services like Investment advisory, Research report, Relationship management and other services.


  • Low Pricing benefits
  • Power of advanced charting, lightning fast market data
  • The full bouquet of service is offered through its website
  • Web and mobile-based share trading terminal

Product and services offered

  • Equity Trading
  • Derivatives Trading
  • Commodity
  • Demat Services
  • NRI Trading
  • Mutual Funds
  • Tools and Calculators ( Brokerage, Margin, Options calculator)

Brokerage Plans and Charges

Account Opening charges and Annual Maintenance charges (AMC) for both Trading and Demat Account is NIL.

Upstox charges flat Rs. 20 brokerage/ trade from its customers irrespective of the volume. Brokerage for equity delivery is not charged from customers. Details of brokerage and margin by Upstox:

  • Flat Rs 20/ trade brokerage
  • Intraday leverage of 15x on equities for FNO listed scrips, 2x for scrips with 20% circuit limit, 3x on NSE F&O, 3x on BSE/NSE Currency F&O and 2.5x on MCX Futures
  • Special Margins (Cover Order or Bracket Order): 20x on NSE/BSE Cash, up to 6x in NSE Futures, Up to 4x in Currency futures, up to 3x in MCX.

Transaction Charges

Equity IntradayRs 325/ crore of turnover
Equity DeliveryRs 325/ crore of turnover
FuturesRs 190/ crore of turnover
OptionsRs 5000/ crore of turnover
Currency FuturesRs 110/ crore of turnover
Currency OptionsRs 4000/ crore of turnover
MCX- CommodityRs 260/ crore of turnover
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Trading Platform offered by Upstox

Upstox provides three trading platforms to its customer:

Upstox Pro web: The platform can be accessed from the web browser. Some advanced features of the platform are Depth of book widget (to spot imbalances quickly and liquidity), Real-time margin, one click trade and keyboard shortcuts.

Upstox Pro mobile: The platform can be accessed from ios and android mobile devices. The features of the app like cross platform( accessed from multiple devices), auto reconnect, easy fund transfer, instant notification, and Real-time quotes makes it a great user interactive platform to trade from.

Nest Trading terminal: It is the desktop based trading software developed for high-value elite traders for advanced trading needs. Features of the platform are:

  • Customizable Interference
  • Low latency and enterprise level stability
  • Multi-monitor support
  • Advanced Charting
  • Advanced order types
  • Mouse and keyboard friendly

Process and Documentation Required

One can open his/her account through online mode.

The account opening process and verification takes around 10 minutes. One need to upload the scanned copies of Aadhaar Number, PAN Card and Cancelled Cheque or latest bank statement with IFSC/MICR code mentioned on it. For verification, you will receive an OTP online on the mobile number registered to your Aadhar card.

Those who are not comfortable with the online process for opening account, they can download forms and fill it and send it by courier.

Upstox Review


  • Flat brokerage rate of Rs 20/ trade and no brokerage charged for equity delivery trade
  • One can open Demat and trading account in less than 10 minutes with digital KYC
  • Advanced trading platforms
  • Responsive customer support
  • No unnecessary value added services being offered to client


  • Doesn’t offer service for subscription in IPO
  • No research reports are generated for clients
  • Call and trade facility is charged Rs 20/ call
  • No facility of Relationship Manger


FeaturesUpstoxZerodhaAngel BrokingReliance SecuritiesKotak Securities
Service TypeDiscount BrokerDiscount BrokerFull ServiceFull ServiceFull Service
Account Opening CostNilRs 200 (couriered)
Rs 100 (form printed)
NilRs 950Rs 750
BrokerageFlat Rs 20Flat Rs 200.016- 0.4%0.05-0.5%0.05-0.5%
Margin ( Equity)Intraday- upto 25 times
Delivery- Nil
Intraday- 20 times
Delivery- Nil
Intraday- 10 times
Delivery- 3 times
Intraday- 10 times
Delivery- 4 times
Intraday- 15 times
Delivery- 3 times
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Upstox referral program

Upstox has designed a referral program for its existing customer in which for every new account which has been referred by you will give you earning 10% brokerage for every trade of referrers. This helps in bringing down the cost for investors and as well as the company


Upstox is an online brokerage firm provides services at very competitive rate. Discount brokers are most suitable for frequent traders and investors with high trade amount who does their own research and analysis before investing.

One of the key aspects of trading with upstox is advanced trading platforms which host advanced features for stock analysis and is not chargeable. This type of brokerage is suitable for traders and investors who depends on their Relationship Manager for execution and advisory services.

Frequently asked questions About Upstox

Q. What are your account opening charges and is there any AMC attached to it?

A. There is no annual maintenance fee (AMC) for Upstox trading plan. An opening of account is free with Upstox and only valid Identity proof is required ( Aadhar, PAN card). With new E-KYC Aadhaar technology, you need to fill in details of Aadhar Card, PAN card and picture of your documents which needs to be uploaded.

Q. Do you provide any trading/stock tips and advisory?

A. Upstox does not provide any advisory service related to stock trading and investing strategies. In order keep cost low for the customers, Upstox only focuses on its core service offerings with top-notch customer service and platform stability.

Q. What type of accounts can a client open with Upstox?

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A. Upstox only allows opening of an individual or an HUF account.  As of now, company, corporate or partnership types of accounts are not allowed. Commodities Trading is only allowed to individual accounts only.

Q. How do I open an Upstox account?

 A. Upstox provides multiple channels for the opening of an account. One can choose from online mode, through postage of documents and through executives assisting in completing the process.

Online: The easiest way to open an account is online. You have to visit and fill in your details, including Aadhar card number and Pan Number. Verification of documents will be done on real-time. You need to upload proofs of your identity, address and earnings online and your account will be opened. For verification, you will receive an OTP online on the mobile number registered to your Aadhar card.

Courier: By sending courier of filled printout of forms and necessary documents to office address

And, if any customer wants the documents to be collected from his/her home or office, they need to call on+91-22-6130-9999  or mail to

Q. How much margin is available with Upstox?

A. Intraday margins are provided on Equities, Futures and Currency Futures segment. Upstox does not provide any margin for delivery based trade.


Upstox Official Website

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  • Do you open demat and trading account in the name of minor having PAN.

    Jitesh Thakur 1 year ago Reply

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