Upstox (earlier known as RKSV Securities) is a discount broker, good for traders who look for low brokerages, high margins, and decent trading platforms.

Upstox is best for you if you want to save your money on brokerage. Upstox charge fix brokerage of only Rs. 20 per trade irrespective of the trading volume.

(Here is the direct link to open a demat account with upstox instantly )      

Is Upstox Good

No Doubt, Uptstox is one of the best discount brokers in India, especially for the traders. It is completely safe reliable to start your investment & trading.

One side the Upstox provides the fastest trading platforms which are the main need to book the high profits in day trading.

On the other side, you only need to pay flat Rs 20 per trade irrespective of your trade volume.

You can save huge money on your brokerage as compared to the other service providers.

Upstox is a member of BSE, NSE, MCX and MCX-SX and allows you to trade in:

·         Equity

·         Futures

·         Options

·         Currency

·         Commodity

What I liked about Upstox is their high tech and advanced trading platforms.

How to Open the Account with Upstox

My Experience with Account Opening Process

The account opening process of Upstox is very fast when compared to other discount brokers. The whole account opening process is online.

You can quickly open Upstox Demat and Trading account with the help of Aadhaar Card and PAN Card.

You just have to keep following documents handy to fast track your application.

Documents Required

·         Aadhaar Card

·         PAN Card

·         Cancelled Cheque

·         Address proof (other than Aadhar)

·         Latest Bank Statement with IFSC/MICR Code. (Cancelled cheque                           recommended)

·         Specimen Signature

(For any help or query feel free to call on 8737012345 / 7776012345)

You can start trading immediately without signing any documents. Upstox may take up to 48 hours to generate your trading login password (post completion of the application), but I got my password the very next day.

You only need to Sign PoA (Power of Attorney) document and courier to Upstox if you want to sell and transfer Mutual Funds & Shares through them.

(Click to Visit Account Opening Page)     

Zerodha Vs Upstox : Online trading and mutual funds are becoming very popular these days for investment. In order to invest in mutual funds and perform trading, one needs to have a demat account and a trading account.

Demat account or dematerialized account is an account that facilitates the customers to hold shares and securities in the electronic format. Demat account keeps hold of all the investments done by a customer in the form of shares, mutual funds, exchange trading funds or government securities. 

Online trading account is an account which is needed to perform all the trading activities with the help of unique trading id provided to each customer having trading account. I will share the details about the requirements and charges of Zerodha vs Upstox and will make comparison between these two.

Account opening charges of Zerodha is Rs.300/- (Demat and Trading Account: Rs 200 & Commodity Account: Rs 100) Whereas, in Upstox the account opening chrages is Nil.

Annual Maintenance charges in Zerodha is Rs.300/- (excluding 18% GST ) Whereas AMC (Annual Maintenance Charges) in Upstox is Rs.150/- (excluding 18% GST)

Equity Delivery Charges are Nil in both Zerodha & Upstox

(For better knowledge watch this video)         

Best For (Final Review on Upstox)

If you are looking for easy and advance trading platforms you should go with Upstox.

Start Account Opening with Upstox      

You would also get low brokerage charges and high margins which are key points for trading.