Upstox Stock Trading, Demat, Brokerage and Reviews 2025

Upstox offers instant paperless online account opening to people who have an Aadhaar Card linked to their current phone number.

Steps to open Upstox account online

1. Visit www.upstox.com website.
2. Enter Email and Mobile Number
3. Validate with OTP
4. Enter personal and bank details
5. Upload Aadhaar Card, PAN Card, Income Proof (for derivatives trading), Signature (on a blank paper) and photograph.
6. Review, confirm and submit the application.

You can expect your account to be activated within the next 24 - 48 hours. The company will inform you through email and SMS.

 

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Upstox is an online discount broker offering trading services in stocks and commodities. It is one of the 200+ large stock broker offering retail trading services, who are in the business for 10 to 25 years.

No broker is good or bad. It depends if a broker suites your requirement for trading and investment.

Read upstox review and compare it with top brokers to find which broker best suits you:

• Upstox Vs Zerodha
• Upstox Vs ICICI Direct
• Upstox Vs Sharekhan

Here are a few pros and cons of Upstox which may help you determine if upstox is good for you.

 

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Upstox is a private limited company owned by Mumbai based RKSV Securities Pvt Ltd. Mr. Ravi Kumar, Mr. Raghu Kumar and Mr. Shrini Viswanath are the co-founders of the company.

The company is also backed by a group of investors including Ratan Tata, Tiger Global and GVK Davix.

Upstox investor includes:

• Tiger Global Management - 31.1% stake
• Kalaari Capital Partners - 15.21% stake
• GVK Davix Technologies - 2.54% stake.
• Ratan Tata - 1.33% stake

Remaining 50% stacks are with the promoters of the company which includes Mr. Ravi Kumar and Mr. Shrinivas Viswanath.

The above shareholding is as of Jan 2020.

 

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Upstox is not free. It charges brokerage fee at flat Rs 20 per executed order across all segments and exchanges. In addition, customers have to pay government taxes, exchange turnover charges, demat debit transaction fees etc.

Note: Other discount brokers like Zerodha offers brokerage-free equity delivery trades. This means the customer doesn't have to pay any brokerage when they buy and sell shares in a demat account.

 

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Yes, Upstox is a trusted stock broker. Here are a few facts which make upstox trustworthy:

• In the business for over 10 years.
• Lakhs of retail customer trading online with upstox daily
• SEBI registered broker.
• Member of BSE, NSE and MCX exchanges.
• No major violations reported in the audits by the exchanges so far.
• Backed by prominent investors like Mr. Ratan Tata.
• Profit making company with zero debt.

 

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To buy shares, ETFs and mutual funds, you need to first open an account with upstox. Upstox opens 2 accounts, a trading and a demat account. The trading account is for buy/sell or securities and a demat account is to hold your securities in electronic format.

Once your accounts are opened, you can then take the following steps to buy at Upstox:

• Go to www.upstox.com or download Upstox Mobile App.
• Login using user ID and password
• Search for the desired security by entering a few characters of its name, say REL for Reliance
• Enter the quantity, select order type, position etc.
• Review your order and Confirm

To watch a live demo of placing a buy order on the Upstox Pro web, you can watch this demo video.

 

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Upstox offers an online IPO application. Upstox customers can apply in any IPO at BSE and NSE using their UPI ID.

Steps to apply IPO through Upstox

• Login to Upstox Pro Web or Upstox mobile app
• Click on your customer name and customer ID on top right
• Click on Apply for IPO link
• Select the IPO you wish to apply by clicking the 'Details' button
• Go to the bottom on IPO Detail page and click 'Place Bid' button
• Enter UPI ID and choose Investor Type
• Enter order quantity and price
• Choose Cutoff-price checkbox if applying in the retail category
• Review and place order
• Approve the notification received on the BHIM app in 2 to 12 hours.

If you have a upstox demat account, you can also apply in IPO using an online IPO facility offered by your bank using net banking. Almost all popular banks including ICICI, HDFC, SBI, Kotak, Axis Bank offer online IPO.

You just have to mention your upstox demat account information in the IPO application form. The allocated shares are automatically delivered to your upstox demat account. You can sell them on the IPO listing day.

 

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To transfer money from your Upstox trading account to the bank account, you need to submit a 'Payout' request in the Upstox Pro Trading Website or Upstox Pro Mobile App.

Steps for Fund Withdrawal using Upstox Website

• Visit www.upstox.com
• Hover over link 'Sign In' in the top navigation and click 'Pro Web'
• Log in to the trading website
• Click the 'Balance' link in the top right.
• In the popup window, click the 'WITHDRAW FUNDS' button.
• Enter the amount and click 'WITHDRAW' button

Steps for Fund Withdrawal using Upstox Pro Mobile App

• Login to the Upstox Pro Mobile App.
• Click on the 'Funds' button in the bottom right
• Click on 'Withdraw Funds' link
• Enter the amount and click 'Withdraw Funds' button

 

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Upstox runs a Partner Program wherein you can become a sub-broker and start referring customers from your network and outside, and earn commissions when they trade. You can earn 2 ways in this program:

• Earn a part of the brokerage paid by your referrals
• Earn incentives for referrals when they open a Upstox account

Note:

• Any individual or company can become a upstox partner.
• No need for physical office or infrastructure.
• Website, YouTube channel, Blog, etc. owners can also become a partner.
• Only brokerage earnings are shared. Earnings from other sources i.e. Demat AMC, Demat Charges, Transaction Charges, Interest earning, software charges, etc. are not shared with a partner.
• Partners get absolute freedom. No targets and no sells-pressure.
• Excellent online partner portal to track your earnings and manage your clients.

 

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Upstox account can be closed online through the Upstox mobile app or the web portal by submitting an Account Closure request. It takes 7 days for Upstox to close your account post the account closure request is submitted.

Steps to close Upstox account

1. Login to the Upstox app or website.
2. Click on the Name at the top left corner.
3. Go to the Account tab.
4. Click on Profile.
5. Click on View All option placed next to Account.
6. Click on the three lines on the top left corner.
7. Click on Account Closure under the Account section that lands you on the Account closure page.
8. Click on "Close account".
9. Click on the link that will take you to the "Account Closure Request page".
10. Choose the reason for closing your account.
11. Click on "Close account".

Before submitting the Upstox Account Closure request

• Clear all outstanding dues.
• Close all open F&O trade positions.
• Sell or transfer holdings from your Demat account.
• Redeem any Mutual Funds in your account.
• Clear off any Digi Gold balance from your account.

Note:

• The account closure link generated is sent on the registered mobile number and email id and is valid for 30 days. 
• If you are using the old version of the Upstox mobile app, you will find the account closure option under the My Account section in your Profile.

 

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No, Upstox doesn't allow BTST (Buy Today Sell Tomorrow) facility.

They stopped offering BTST from 1st September 2020 after SEBI introduces the new margin policy.

If you buy 1000 shares of TCS on 1st September 2020, you would be able to sell these shares only after these shares are credited in your demat account on T+2 days. It means you cannot sell these shares before 4th September 2020.

 

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Upstox 3 in 1 account (IndusStox account) can be closed online using the Upstox Mobile Trading app or trading website. The account closure request process is simple and takes a few minutes. It takes 7 days for upstox to close the request once the request is received.

Steps to close 3 in 1 Upstox account/ IndusStox account:

1. Login to your Upstox web or mobile account.
2. Look for the "Account closure" section under your Profile >> Account.
3. Click on "Close account".
4. Click on the link to confirm account closure.
5. Select the reason for closure on the account closure form. 
6. Click on the "Close account" button.

Before submitting an account closure request, ensure to:

• Clear any pending dues.
• Transfer/Sell off the holdings.
• Square off open positions, if any.

Note:

If you close your 3 in 1 IndusStox within 14 days, there are no charges. However, if the account is closed after 14 days and within six months, you get charged with Rs 200, or the account balance, whichever is lesser.

 

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