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Upstox / RKSV Review

upstox / rksv

Upstox / RKSV Brokerage Review

Upstox is one of the leading discount broker in India. More then 35,000 Active customer put him on 2nd place in Discount Broker Ledge. Upstox is new Brand name of RKSV Securities Pvt Ltd. Jan 2012 RKSK launched its retail broking business. Company is 1st in Industry to launch unlimited trading plans in India.

Promoter

  • Ravi Kumar – Ravi’s key role to manage Corporate strategy
  • Raghu Kumar –Raghu looking Sales strategy and Media relationship of upstox
  • Shrini Viswanath – his product head as well as Technical Brain of Upstox

They are backed by some of the best in the industry

  • Kalaari Capital
  • Ratan N Tata
  • GVK Davix

Upstox Presence:

  1. Gujarat
  2. Maharastra
  3. Delhi
  4. Assam
  5. Rajasthan
  6. Kerala
  7. Uttar Pradesh

UpstoxPricing :

Also Read :  Top 10 Discount Stock Brokers in India

Account Opening

  • Trading Account Opening Fee –Rs 200
  • Brokerage Account AMC – RS 0
  • Demat Account Opening Fee – Rs 100
  • Demat Account AMC – Rs 300

Brokerage:

  • Monthly Fee – Nil
  • Equity Delivery – Free Delivery Brokerage – NSE , BSE
  • Equity Intraday – Rs 20 Flat Per Order
  • Future & Option – Rs 20 Flat Per Order
  • Commodity – Rs 20 Flat Per Order

 Turnover Charges:

  • Equity Delivery – Rs 325 Per Cr.
  • Equity Intraday – Rs 325 Per Cr.
  • Future – Rs 210 Per Cr.
  • Option – Rs 5500 Per Cr.
  • Currency Future – Rs 135 Per Cr
  • Currency Options – Rs 6000 Per Cr.
  • Commodity – Rs 210 Per Cr.

 Other Charges

  • Minimum Brokerage – Rs 20
  • Call N Trade Charges – Rs 20 Per Order
  • Dp Slip Charges – Rs 15 Per Scrip
  • Stamp Duty – Charges as per State Resident

Upstox Margin / Exposures / Intraday Leverage

  • Equity Intraday – Upto 20 Times
  • Equity Delivery – No Delivery Leverage
  • Future – Upto 4 times with BO/CO Product ( Intraday )
  • Option – Upto 4 times on Only Short Position with BO/CO Product ( Intraday )
  • Currency Future – Upto 4 times ( Intraday )
  • Currnecy Option – Upto 4 Times on Short Position with BO/CO ( Intraday )
  • Commodity – Upto 3 Times ( Intraday ) with BO/CO

Upstox Trading Platform

  • Upstox Web Pro

After Foray of Discount Broking Model in India. And Cheap Internet Service Cost. more and more people moving towards online trading, Upstox has Launched Pro Web Platform for Pro traders. Upstox Pro Web is most powerful and easy to use HTML base trading platform, their web-based platform into the most sophisticated and cutting-edge tool which helps traders and investors to calculate fast and place trades in live markets quickly. Upstox Pro web is a light weight browser based trading platform that can be accessed using internet on your computer,laptop or tablet-without having to download anything.Trading with Upstox means that you can say Goodbye to those large .exe files that crowd your desktop.

Also Read : Compare online Brokerage charges

Key Features of Upstox Pro are:

  • Live and Streaming  market feeds
  • Bank transfer available with 40+ banks.
  • Real time margin – alert for margin changes.
  • One click trades.
  • Keyboard shortcuts like desktop, you can use shortcuts for trade in browser.
  • Trade on all exchanges & all segments with a single sign-in.
  • Real time quotes.
  • Instant notifications.
  • Account balance, historical reports, daily order status reports and much more.

Upstox Mobile App

Upstox Mobile app available on Android as well as Iphone. App allowed to Open Paperless trading account with Upstox once you downloaded from App store / PlayStore.

Android

  • 100 Thousand downloads
  • 3 Rating by 6403user

IOS ( IPHONE )

  • 9 Rating by 169 user

Upstox also offers LoginLess feature on their Upstox Pro mobile app.

  • Easily search for stocks, even the complex ones.
  • Access all NSE cash, Futures and Options and Currencies scrips.
  • Use cutting edge charting tools.
  • Create charts with multiple intervals, drawing studies and types.
  • Apply 100+ technical indicators on real-time charts.
  • Set unlimited no of price alerts for instant updates.
  • Create unlimited customized watch-lists.
  • Receive real-time market feeds to stay on top of your scrips.
  • Access predefined watch-list of Nifty 50.

Customer Service & Support

  • Online Customer Care support
  • Email Support
  • Branch Support – Presence in 7 States
  • Social Media
  • Web Form

Other Product and Services

  • Online Mutual Fund Platform
  • Trade Academy – Educational platform by Upstox
  • Upstox DEV WEB API
  • Fox Trader partnered with Reliable Software ( Charged base )
  • Dartstock Partnered with iDarts

Pros

  • Lowest Brokerage Rs 20 Flat per Order
  • Delivery Free Brokerage for BSE / NSE
  • Provide Own Demat Account
  • EASY to use HTML 5 base Trading platform
  • Partnership with Leading Software Company

Cons

  • No provision for Online IPO , FPO
  • Call n Trade Charges
  • Average Customer Service
  • GTC not available
  • No Advisory or Research Report.
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