These are some of the benefits of Upstox. Before opening an Upstox account, you should read the Upstox benefits and disadvantages. Upstox pros & cons will help you determine if it is right for your investment needs.
Maintaining an account with Rs 0 Demat is free.
Flat Rs 20 per trade brokerage in all segments, including intraday, delivery, and F&O at BSE or NSE.
Mobile trading app for Android and iOS. There are no software charges.
Both web and mobile versions of After Market Order (AMO), and Cover Order are both available.
Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
Orders for Good-Tilling-Triggered (GTT), are available in Equity or commodity.
Upstox Pro Web Trading Platform provides multiple indicators that allow you to monitor the markets wherever you are.
Upstox Bridge for AmiBroker allows you to code and execute your trading strategy with the AmiBroker FLE editor.
Upstox Developer Console allows you to create (code) your trading app using languages like Python.
Upstox Option Chain Tool allows traders to find Spot, Future rates, vertical comparison of rates, and details such as circuit levels. Customers can also use it to calculate volatility, open interest, performance indicator, and check greeks.
Upstox MF Platform has 1000's of mutual funds to choose from. Customers have the option to choose between SIP or Lumpsum investment.
Margin Against Shares is possible.
Online IPO Application (UPI), is now available.
These are the cons and drawbacks of Upstox. You can see the full list of Upstox drawbacks.
The cost of equity delivery brokerage is Rs 20 per trade. Brokerage free stock market investment is offered by most other brokers.
Margin Funding cannot be used on delivery trades.
Upstox does not offer unlimited monthly trading plans.
Additional Rs 20 is charged for call and trade fees per executed order (Rs20 Brokerage + Rs20 Call & Trade Fee).
For intraday square MIS/BO/CO order that are not squared off by the customer, an additional Rs 20 is added to each executed order.
It doesn't offer stock tips or recommendations.
Because the company does not offer banking services, 3-in-1 accounts cannot be opened.
Customer service is not available 24/7.
Since Jan 2018, Upstox NRI trading and demat accounts are no longer available
Upstox does not offer API access to automate trading.