Compare Upstox
Upstox

Background

Year of Incorporation 2008 - Retail operations from 2012 as RKSV
Website http://www.upstox.com
Phone 022-61309999
Exchanges enabled NSE, BSE & MCX
Demat (NSDL/CDSL) NSDL- Partnership with ILFS
Background Rating


Financial Health

Equity & Commodity Consolidated

Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet, watch out for the brokerages with and

Profit after Tax FY11/12 - Rs 16.17 Lakhs
Profit after Tax FY12/13 Rs 24 lakhs
Profit after Tax FY13/14 - Rs 68.7 Lakhs
Profit after Tax FY 14/15 - Rs 0.57 Lakhs
Profit after Tax FY 15/16 - Rs 4.4 Crores
Debt FY11/12 0
Debt FY12/13 0
Debt FY13/14 Rs 1.38 Crores
Debt FY14/15 Rs 1.30 Crores
Debt FY15/16 0
Profit to Equity(%) FY11/12 (3.48)
Profit to Equity(%) FY12/13 5.10
Profit to Equity(%) FY13/14 (13.73)
Profit to Equity(%) FY14/15 0.01
Profit to Equity(%) FY15/16 (96)
Balance Sheet Size FY11/12 Rs 6.2 Crores
Balance Sheet Size FY12/13 Rs 15.1 Crores
Balance Sheet Size FY13/14 Rs 27.9 Crores
Balance Sheet Size FY14/15 Rs 45.9 Crores
Balance Sheet Size FY15/16 Rs 79.4 Crores
Financial Health Rating


Online Presence
Online Presence

Google trend over time



Active clients

Active clients data source: NSE, as on end of every calendar year. Active client is one who has traded atleast once a year. Brokers whose active clients are trending up, would mean happy clients and hence better to trade with.

Active clients - 2013 4,631
Active clients - 2014 7,372
Active clients - 2015 10,622
Active clients - 2016 13,774
Active clients Rating


Brokerage

Equity 0 (free) for equity delivery & Rs 20/executed order or 0.01% (intraday)
Equity Futures Rs 20/executed order or 0.01% whichever is lower
Equity Options Rs 20/executed order or 0.01% whichever is lower
Currency Futures Rs 20/executed order or 0.01% whichever is lower
Currency Options Rs 20/executed order or 0.01% whichever is lower
Commodity Rs 20/executed order or 0.01% whichever is lower
Brokerage Rating


Account Opening Costs

Trading only Nill
Trading & Demat Nill
Commodity Nill
Account Opening Costs Rating


Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover
Futures 0.0021% on Turnover
Options 0.059% on Premium Turnover
Commodities 0.0036% on Turnover
AMC charge Nill
DP Transaction Charge Rs 15.50 per debit instruction
Offline order placing Charge Rs 20 per executed order
Transparency & other costs Rating


Platforms

Software
Web/HTML 5
Mobile
Platforms Rating


Charting

Intraday 22 days
End of Day 10 years
Coding/Backtesting
Charting Rating


Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Reporting Rating


Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery
Equity Futures Upto 4 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday
Currency Futures Upto 4 times for intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday
Commodity Upto 3 times for intraday
Margins Rating


Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Support & Tools Rating


Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Convenience Rating

Our Review

Upstox formerly RKSV is one of the well-known names in discount broking. Pros: Good platforms and pricing. Cons: Unreliable support, no mutual funds platform, no margin funding. Read More