Upstox Reviews & Ratings

Check out Upstox reviews by verified users. Discover what businesses are saying about Upstox on Techjockey.

Have recommended this product

Overall Score

4.6/5

Based on 10 Reviews

Features 4.8/5

Value for Money 4.6/5

Ease of Use 4.7/5

Customer Support 4.5/5

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Upstox Pros and Cons

Pros

pros_icon “I was looking for a platform to start my trading and found upstox. It has helped me to do so much in trading stocks with just a few steps” Lokesh V - Jan 20, 2022

pros_icon “I have been using Upstox to trade for a few months now and I have been getting great results. I am impressed by the level of service and accuracy provided.” Rahul Sharma - Jan 12, 2022

pros_icon “They have a few of the best brokers and the best trading software which I have ever seen.” Jignesh Dodia - Dec 21, 2021

Cons

cons_icon “Upstox trading platform can only be used for internet trading.” Rahul Sharma - Jan 12, 2022

cons_icon “Upstox doesn't offer unlimited monthly trading plans with optional charges.” Manish Jha - Dec 21, 2021

cons_icon “It does not provide a multi-account option. Furthermore, the customers cannot purchase and trade stocks offline as well.” Jai Parkash - May 20, 2021

Editorial Review for Upstox

Editorial Review Content

1. What is Upstox?
2. What are Some Pros and Cons of Upstox?
3. Pros & Cons
4. How Much Does Upstox Cost?
5. What Can Upstox Do?
6. What are a Few Limitations of Upstox Web Hosting Service?
7. Techjockey's Verdict

Reviewed by

Asheet Makhija

Head, E-commerce

Software user since: 2+ years

I used to see my friends trading online and making money. I had no idea until I came across this amazing platform Upstox. This really is an easy to access trading platform, perfect for beginners and the experienced alike.

What is Upstox?

Upstox is a prominent Indian online discount brokerage firm, that allows trading and investment services in the stock market and derivatives. It provides a user-friendly and easy to access trading platform, allowing investors to trade stocks, commodities, and currency derivatives at competitive rates. The platform boasts several features such as real-time market data, advanced charting tools, and a mobile app for on-the-go trading. This trading platform aims to empower retail investors by providing cost-effective access to financial markets and has gained popularity for its low brokerage fees, making it a popular choice among traders and investors in India.

Upstox offers a variety of trading platforms, including a web platform, mobile app, and desktop software. It also provides a number of tools and resources to help traders and investors make informed decisions, such as charting tools, technical indicators, and research reports.

What are Some Pros and Cons of Upstox?

Pros & Cons

Low brokerage charges
Easy to use trading platform
Margin trading facility
Good customer support
A wide range of assets
Provides research and analysis

Limited investment offerings
Limited monthly trading plans
No NRI trading and demat account
No API access for automated trading

How Much Does Upstox Cost?

Type	Pricing
*Brokerage On Mutual Funds and IPOs**	Rs 0
Equity Intraday, F&O, Currency & Commodity*	?20 or 0.05% (whichever is lower) per order on Stocks
Equity Delivery*	?20 or 2.5% (whichever is lower) per order on Stocks

What Can Upstox Do?

Upstox is a discount stockbroker that offers a variety of features to its customers such as low brokerage charges, a trading platform, margin trading, and much more. Let’s discuss this below in detail:

Competitive Brokerage Charges: Upstox comes with of the most economical fee structures in the Indian stock market, with a flat brokerage charge of just Rs. 20 per trade. This cost-effectiveness attracts traders who seek to minimize their expenses associated with brokerage fees, potentially resulting in significant savings over time.
Intuitive Trading Platform: The trading platform offered by Upstox is renowned for its user-friendliness and ease of navigation. It comprises several features, including technical charting tools, market scanning capabilities, and comprehensive order management utilities. This accessibility makes it a suitable choice for traders across the spectrum, from newbies to seasoned professionals.
Margin Trading Facility: Upstox's margin trading facility strengthens traders by enabling them to execute transactions with funds exceeding their account balance. While it creates the potential for higher profits, it concurrently heightens the risk of substantial losses. As such, traders are advised to exercise caution when utilizing margin trading, ensuring they fully comprehend the associated risks.
Customer Support: Upstox is often praised for its active customer support services, which can be accessed through multiple channels including telephone, email, and chat. Swift and effective customer support is indispensable for traders, as it ensures timely resolution of any account or platform-related issues that may arise during the trading journey.
Upstox Pro - Advanced Trading Platform: Upstox Pro is a premium trading platform that offers advanced features such as multi-charting and back-testing capabilities. It also supports algorithmic trading strategies. These sophisticated tools are invaluable for experienced traders who desire greater control and customization in their trading activities, facilitating more strategic decision making.
Upstox Learning Center: This platform also provides a ‘Learning Center’ that serves as an invaluable educational hub, providing a rich array of resources pertaining to stock market trading. These resources encompass comprehensive courses, insightful webinars, and informative articles, catering to novice traders looking to build foundational knowledge and experienced traders seeking to refine their skills.
Upstox API: Upstox API enables developers with the tools and infrastructure that are necessary to construct their own trading applications tailored to the clients' unique needs. This functionality is particularly advantageous for developers aiming to craft customized trading solutions, thereby enhancing the overall trading experience for their users.

What are a Few Limitations of Upstox Web Hosting Service?

Upstox is a discount stockbroker that offers a variety of features to its customers. However, it also has a few limitations such as brokerage charges for equity delivery traders, no presence of monthly trading plans, and the lack of API access for automated trading.

Brokerage Charges for Equity Delivery Trades: Upstox's brokerage charge is Rs. 20 per trade for equity delivery trades. While not a significant drawback, it is a factor traders should take into consideration. This fee structure is reasonable for most traders, but those who frequently engage in equity delivery trading may find it advantageous to explore brokerage firms that offer brokerage-free equity delivery trading. Such brokers can potentially provide cost savings for investors focused on long-term investments.
Absence of Unlimited Monthly Trading Plans: Upstox's omission of unlimited monthly trading plans may pose limitations for traders with high trading volumes each month. Traders who actively execute several transactions may find it beneficial to explore brokerage platforms that offer unlimited monthly trading plans. These plans typically offer a fixed monthly fee in exchange for unrestricted trading, which can be more cost-effective for frequent traders.
Lack of API Access for Automated Trading: Upstox's absence of API access is a potential drawback for traders seeking to automate their trading strategies. The ability to integrate with an Application Programming Interface (API) is crucial for algorithmic and automated trading. Traders with a preference for automated trading may want to consider brokers that provide API access to facilitate the implementation of custom trading algorithms and strategies.
No NRI Trading and Demat Accounts: Upstox's unavailability of NRI trading and demat accounts may limit non-resident Indians (NRIs) seeking to invest in the Indian stock market. NRIs interested in Indian stock market participation should explore brokerage firms that offer dedicated NRI trading and demat accounts. These specialized accounts are essential for NRIs to comply with regulatory requirements and engage in seamless trading and investment activities in India's financial markets.

Techjockey's Verdict

Overall, Upstox is a good choice for traders who are looking for a low-cost and easy-to-use trading platform. However, traders should be aware of the limitations of Upstox before opening an account. It is also important to compare Upstox to other brokers before making a decision.

Upstox User Reviews ( 10 )

Sort By :

manish jha

Verified reviewer:

, Logistics and Supply Chain

Individual

Software user since: < 6 months

Reviewed on: Dec 21, 2021

4.8/5

“Review of Upstox Trading Platform”

Pros : Upstox is an online trading platform that offers an array of investment options to the users. It has been built on the popular Meta Trader 4 platform. It offers users the ability to choose their trading account type, the volume of trading they wish to perform and the currency they wish to trade.

Cons : Upstox doesn't offer unlimited monthly trading plans with optional charges.

Switched from : Zerodha Kite

Reason to switch : It is one of the most popular trading platforms in India and is the best place to learn trading, where the users can learn trading through the practice account before moving to real account trading.

Features

5/5

Value for Money

5/5

Customer Support

4.5/5

Ease of Use

5/5

Jai Parkash

Verified reviewer:

Executive, IT

Software user since: 6-12 months

Reviewed on: May 20, 2021

4.7/5

“Upstox trading platform is very good for beginners”

Pros : It's a clear, simple, user-friendly website with a lot of features. I started with a demo account and worked my way to a live trading account. The platform is very easy to use and well-designed.I like how Upstox has a lot of tools and features, and the trading is fast. The website is constantly being updated with more features.It is a great platform for both experienced and beginner traders.

Cons : It does not provide a multi-account option. Furthermore, the customers cannot purchase and trade stocks offline as well.

Reason to switch : Upstox was easy to use and the interface was very good.

Features

5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

5/5

kirtan

Verified reviewer:

, Travel & Tourism

Individual

Software user since: 6-12 months

Reviewed on: Nov 18, 2021

4.7/5

“The Right place for online Stock trading with upstox”

Pros : Upstox offers different types of trading accounts to investors. They can open any trading account depending upon their needs and preferences. The broker is also offering trading accounts with different kinds of strategies. The investor can choose any one of them at their convenience. Upstox is unique and new in the market. What I like about them is that they offer a free demo account to new users.

Cons : NO CONS

Reason to switch : The investor can choose any one of them as per their convenience.

Features

5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

5/5

Fahad Afroz

Verified reviewer:

, IT

Individual

Software user since: 1-2 years

Reviewed on: Nov 11, 2021

4.7/5

“An overview of upstox trading platform review”

Pros : Upstox is an online platform for trading in the Indian stock market.It is an online trading platform that lets you buy and sell on the stock market.This web-based trading platform offers you a suite of trading tools and analytics that help you make the right decisions.

Cons : NO CONS

Reason to switch : Upstox is a digital trading platform that is designed to help you trade in securities and other financial instruments with ease.

Features

5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

5/5

Chandan kumar

Verified reviewer:

, Retail

Individual

Software user since: < 6 months

Reviewed on: Dec 29, 2021

4.7/5

“I would recommend the Upstox platform to active and beginner traders alike.”

Pros : I have been using the Upstox for a few weeks now and I have to say it's a great platform. The charting and trading software are very fast and easy to use. I really liked the trailing stop feature and the charting software.

Cons : Upstox doesn't provide unlimited plans.

Reason to switch : Upstox is also very affordable. The customer service is also great as they answer all the questions I have and are very responsive.

Features

5/5

Value for Money

4.5/5

Customer Support

5/5

Ease of Use

4.5/5

Rajiv

Verified reviewer:

Owner, Finance

Individual

Software user since: 1-2 years

Reviewed on: Jan 28, 2021

4.6/5

“The best way to find profitable stocks - upstox review”

Pros : I am using Upstox to trade in BSE, NSE and MCX. It's very easy to use, fast and saves a lot of time. Also it's totally free. I would recommend this to anyone who is interested in stock market.Upstox is one of the best platforms for stock trading in india. It is simple, easy and quick to use. The app is very user friendly and by the help of this i can trade on the go, whenever i have time. I have been trading through Upstox for a year and i have not faced any issues.

Cons : Upstox does not offer a percentage brokerage plan. We believe that taking a monthly commission instead of a percentage is much more fair and transparent for both customers and the brokerage.

Reason to switch : The charts are easy to use and the order entry is very fast. I've made a few trades and the platform has worked flawlessly.

Features

5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

4.5/5

Isaac

Verified reviewer:

Owner, IT

Individual

Software user since: 6-12 months

Reviewed on: Aug 18, 2021

4.6/5

“Get the most from your stock market investments with upstox platform”

Pros : This is one of the best offers that I have come across. The fact that I can do all my trading and investing activities through just one account is a huge relief and the best part is that I can trade online on NSE, BSE, or MCX through the same account.

Cons : NO CONS

Reason to switch : Upstox is a very user-friendly platform. I even got a good return on my investment and reached my financial goals before the year ends.

Features

4.5/5

Value for Money

5/5

Customer Support

4.5/5

Ease of Use

4.5/5

Jignesh dodia

Verified reviewer:

, Logistics and Supply Chain

Individual

Software user since: 2+ years

Reviewed on: Dec 21, 2021

4.6/5

“Upstox has an easy interface and it is very useful for the traders to automate their trading strategies.”

Pros : They have a few of the best brokers and the best trading software which I have ever seen.

Cons : NO CONS

Reason to switch : Upstox has really good customer service, I really like the way they have built their software and I find it very user-friendly and easy to use.

Features

5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

4.5/5

Rahul sharma

Verified reviewer:

, Finance

Individual

Software user since: < 6 months

Reviewed on: Jan 12, 2022

4.5/5

“Increase Your Profits with Upstox”

Pros : I have been using Upstox to trade for a few months now and I have been getting great results. I am impressed by the level of service and accuracy provided.

Cons : Upstox trading platform can only be used for internet trading.

Reason to switch : I highly recommend Upstox to any trader who is looking for a good trading platform and service. It offers users the ability to choose their trading account type.

Features

4.5/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

4.5/5