Upstox Review 2023 | My Honest Unbiased Review

April 9, 2023

Upstox Review 2023 – If you want to save brokerage on your money then Upstox is one of the best discount brokers, so you can consider Upstox. I have written for you my honest Upstox review with the pros and cons.

Why you choose Upstox?

Upstox is one of the best and fastest growing discount broker in India. Upstox fast, reliable and easy-to-use trading platform with paperless account opening. If you open an account with Upstox, then you get some benefits from Upstox like
1. You can save up to 90% brokerage
2. Upstox offers free Delivery trading for lifetime
3. Upstox charges very less brokerage of Rs.20 rupees per order

Upstox Limited Time Period Offer

  • Free Demat & Trading Account
  • Free Equity Delivery Trades


  • Open Free Demat & Trading Account
  • Fix & low brokerage Rs.20 per order
  • IndusStox 3-in-1 account
  • Free delivery trading for lifetime
  • Get Margin on stock Delivery (Upto Rs.5 Lakh)
  • Get Margin Against Shares
  • 100% Online Account Opening


  • Cannot invest in IPO through upstox
  • Upstox doesn’t offer the unlimited monthly trading plan

Is Upstox safe and best broker for you

Upstox is earlier known as RKSV SECURITIES INDIA PRIVATE LIMITED. Upstox is funded by Ratan Tata, Tiger Global, GVK Davix and Kalaari Capital, these names make Upstox a safe and best stock broker for your investment.

Upstox Review - Upstox is funded by Ratan Tata, Tiger Global, GVK Davix and Kalaari Capital
  • Upstox provides the best service with the lowest brokerage
  • Upstox currently has more than 10 lakh customers
  • Upstox provide transparent platform
  • you can access your P&L, tax report and another report in one click
  • Consumer complaints are much lower than the industry average (you can also check on NSE & BSE website)
  • Upstox provide desktop software, Mobile app and website trading platform
  • Good rating and reviews on Upstox mobile app (Google Play Store)

Upstox Plans Review

Upstox offers two plans, the Basic Plan & Priority Plan. These plans are very simple and affordable pricing schemes for traders and investors.

Upstox Brokerage plans Review

I will share my opinion and difference in these plans with you and these plans will be important for you when you open your Demat account.

Upstox Basic Plan Review

Upstox Basic Plan is made for investors and normal traders (who do not require a very high margin in intraday trading).

  • Get Upto 15x margin on Cash segment (Intraday Margin)
  • Brokerage charges – Rs.20 per trade or 0.05% (whichever is lower)
  • Free delivery trades forever

Upstox Priority Plan Review

Upstox priority plan is specially designed for intraday traders who look for higher margins in intraday trading. You will get higher margin as compared to the Upstox basic plan.

  • Get Upto 20x margin on Cash segment (Intraday Margin)
  • Brokerage charges – Rs.30 per trade or 0.10% (whichever is lower)
  • Free delivery trades forever

Difference Between Upstox Basic Plan & Priority Plan

Brokerage Charges

Upstox Basic PlanUpstox Priority Plan
BrokerageRs.20 per orderRs.30 per order

Margins on Intraday orders

SegmentUpstox Basic PlanUpstox Priority Plan
NSE/BSE Cash15x20x
Index Futures3x6x
Stock Futures3x3x
Index Option Sell3x6x
Stock Option Sell3x3x
NSE Currency4x4x
MCX Future2.5x3x

Margin on CO/OCO Orders

SegmentUpstox Basic PlanUpstox Priority Plan
NSE/BSE Cash20x27x
Index Futures20x28x
Stock Futures5x6x
NSE Option Buy1.33x2x
Index Option Sell3x4x
Stock Option Sell3x3x
NSE Currency4x5x
MCX Future3x4x

Upstox Trading Platforms Review

1. Upstox Pro Mobile App Review

For beginners of the stock market, the Upstox Pro mobile app has all the features to find the best shares through analysis. The interface of Upstox Pro Mobile App is clean so that you can get a better experience in stock market trading.

Upstox Pro Mobile App Review

Best Features of Upstox Pro Mobile App –

  • You can create a lot of watchlists in Upstox pro app
  • Invest directly in mutual funds through the Upstox pro mobile app
  • You can access your Holdings and positions through Upstox pro
  • You can also access specific stock Option Chain in one click

Upstox Pro mobile app is available for both android and ios platforms. The Upstox Pro mobile app has a rating of 4.2 on the Google Play Store, which is considered a good rating.

Upstox Pro mobile app is my personal favorite because I can access mostly everything about a stock like – a chart, 52 week low & high, volume, market depth (5 bid & ask price), and many more about the stock.

2. Upstox Pro Website Trading Platform Review

Upstox pro website trading platform mostly used for deep analysis for the particular stock. Upstox pro website design is very simple and you can learn all indicators within 2-3 days.

Upstox Review - Upstox Pro Website trading platfom Review

Best Features of Upstox Pro Website Trading Platform –

  • Browser-based trading platform that comes with All features of Upstox Pro Mobile App
  • You can get advanced features like API integration, technical indicators, charts, and algo trading.
  • Access Particular stock on full screen with buy and sell option
  • In one click you can access all Reports like – P&L statement, Tex statement, and other reports.

These Upstox pro website features help you in-depth analysis, researching and market understanding.

I personally use Upstox pro website trading platform for intraday trading and in-depth market recharging. This platform works very smoothly with a normal internet connection.

3. Upstox Trading Software Review (NEST Trader Desktop)

Mostly Upstox trading software use by professional traders who want very advanced indicators and a very fast platform for trading. That helps you to monitor markets, place orders, and buy & sell shares in real time.

Upstox provides third party trading software like nest trader trading platform, fox-trader trading platform, and dartstock trading platform. If you want to download this software then you visit the upstox website or contact the customer support.

Upstox’s Customer Support

Upstox provides one of the best support for its customers. You can talk with Upstox customer support via live chat, phone or email.

More About Upstox

RKSV was founded by Raghu Kumar, Ravi Kumar and Shriniwas Vishwanath in 2009. RKSV, known by the brand name Upstox, is one of the fastest-growing retail broking firms in India.

Pradeep Bhakhar

Pradeep Bhakhar

I talk about personal finance, stock market and share my opinion transparently so that you can learn and grow.

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