Upstox was founded in 2009 as RSKV securities by Ravi Kumar, Raghu Kumar, and Shrinivas Vishwanath, which later was opened to the general public in 2011. RSKV was later rebranded to Upstox in 2016.
It has raised a series of private equity investments from Kalaari Capital, Ratan Tata, Tiger Global and GVK Davik which helped them accelerate their technology operations.
It has pioneered the completely online model right from the start. As of today, around 98.5% of its orders are placed through the online model (web and mobile platforms). Its trading turnover has his 4000 Cr mark in 2016, during which they were contributing over 1% trade turnover at NSE.
Upstox Pro Mobile (Mobile Trading App) Pro Mobile is a mobile trading software built by Upstox for iOS and Android users. The mobile app enables Upstox customers to trade from anywhere. The Pro Mobile app has been downloaded by 2.5+ lakh users and has got high ratings (4.4/5) from the users in the app stores. It offers a range of features like. Apple Mac OC and Linux OS i.e. Ubuntu are not very popular in India's computer market; where Windows dominates. A rare but a true requirement for traders in India who uses Apple Mac machine or Linux computers is a trading platform that works on OS other than Windows. Note: Almost all stock brokers in India offer Mobile Trading App for Apple phones. If you are considering opening a demat account online, then Upstox is just the right place for you. World Investor Week November 23-29, 2020 being celebrated under the aegis of IOSCO and SEBI. Click here to know more: ICCL. Download Upstox Pro: Stock trading app for NSE, BSE & MCX version 3.19.25 for PC - free download Upstox Pro: Stock trading app for NSE, BSE & MCX for PC/Mac/Windows 7,8,10, Nokia, Blackberry, Xiaomi, Huawei, Oppo - free download Upstox Pro: Stock trading app for NSE, BSE & MCX Android app, install Android apk app for PC, download free android apk files at choilieng.com.
Awards: Received an award by Central Depository Services Limited (CDSL) for opening 1 lakh Demat accounts in December 2019, a record for the highest addition ever in a single month by a broker.
Founders: RSKV
Headquarters: Mumbai
Upstox – Key Metrics for Evaluation
1. Brokerage Charges
2. Technology Platforms
a. Upstox Pro Web: Light weight Trading platform for equities, commodities and currency trade
Compatible with:
b. Upstox MF: Desktop and mobile platform for mutual fund purchase
Compatible with:
c. Upstox Nest: Desktop only platform for advanced trading needs
Features:- Customizable interface – Each component can be fully customized – layouts, fonts, colours, and keyboard shortcuts.
- Low latency and enterprise-level stability – streams data with fastest refresh rates, remains stable even at high loads.
- Multi-Monitor support – Supports multiple components on multiple monitors.
- Advanced Charting
- Advanced Order Types – Cover and Bracket orders with ease
d. Upstox Dev: Option to build your own app on the Upstox platform API, with libraries that can integrate with your existing stack for desktop, web, and Android
Compatible with: (based on whatever interface we can created out of it)- Desktop Windows
- Desktop Mac
- Mobile – Android
- Mobile – iOS
- Tablet – Android and iOS
3. Products
4. Services
5. Advisory
Upstox doesn’t offer any advisory services
6. Support
- 24×7 customer care
- Email Support
- Chat Support
Note: The company doesn’t offer a dedicated RM, toll-free customer care number and does not have any brick and mortar (physical) branches.
Investor Suitability
For a detailed comparison with other discount providers, visit our Broker Comparison page.
Pros and Cons:
Pros:
- Ideal for tech-savvy and knowledgeable investors who prefer a digital platform
- Intraday traders who deal in large volumes and are looking for a low brokerage option
- One of the best low-cost alternative for long-term investors as they could ideally make all transactions at zero brokerage
Upstox App For Pc
Cons: