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Upstox | Algo Trading

Upstox Broker Information​

:For any queries reach out to us!

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Upstox

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https://upstox.com/open-demat-account/

Upstox Web Trading Terminal​

https://login.upstox.com/

Upstox Brokerage & Charges​

https://upstox.com/brokerage-charges/

Upstox Customer Support​

https://help.upstox.com/support/home

Upstox API Charges​

Free

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What You’ll Need For Upstox Algo Trading​

AlgoTest Account​

You need to have an AlgoTest account. If you don’t have an AlgoTest account, you can create it by clicking on this link.

Upstox Demat Account​

You need to have an active Demat account in Jainam Duck. If you don’t have an account, Open a demat account in Upstox. Make sure to activate F&O on your account.

Connecting Upstox with AlgoTest​

  • Go to AlgoTest.in. Login your account. Click on the profile icon at the top right and select Broker Setup.

Upstox

  • Click on the setup icon located on the right side of the Upstox

Upstox

  • Now we need API Key and API Secret to add Upstox in AlgoTest. For API Key and API Secret, we need to create an API App in Upstox. For now, Copy the redirect URL as shown in the image below. We will use this redirect URL while creating the API App.

Upstox

  • Now go to login.upstox.com and login your upstox account by entering your mobile number and otp.

Upstox

  • Go to my account section and click on my app.

Upstox

Via upstox

Upstox

  • Click on New App

Upstox

  • Now enter any random name in “App Name”. Paste redirect URL in “Redirect URL” box that we copied from algotest broker setup page. Click on continue and then click on confirm plan.

Upstox

Upstox

  • We have successfully created an API. Now we just need to copy API Key and API Secret and paste it into the AlgoTest broker setup page as shown in the image below.

Upstox

Upstox

  • We have successfully added an Upstox broker to our AlgoTest Account. Now we just have to login to the Upstox account in AlgoTest. To log in, click on the Login button. After clicking the button, you will be taken to the Upstox broker login page where you can enter your login credentials.

    Note :- Broker Login timing is 08:30 AM to 3:28 PM

Upstox

  • Once you are logged in, the system will display a status message confirming your login status, as shown in the image below.

Upstox

Upstox: An Overview​

Upstox is one of India's leading discount brokerage firms, offering a wide range of financial services, including equity trading, derivatives, commodities, and mutual funds. Known for its user-friendly platform and low brokerage charges, Upstox has become a popular choice among both beginner and experienced traders. The firm provides advanced tools like the Upstox margin calculator and brokerage calculator to help traders optimize their strategies and manage costs effectively.

Key Features of Upstox​

  • User-Friendly Platform: Upstox Pro is the firm's advanced trading platform, offering seamless access to multiple asset classes with real-time data, advanced charting, and intuitive interfaces.

  • Comprehensive Trading Tools: Traders can utilize tools like the Upstox charges calculator and brokerage calculator to estimate trading costs and manage margin requirements efficiently.

  • Customer Support: Upstox customer care is available to assist clients with any trading-related queries or issues, ensuring a smooth trading experience.

Upstox Pricing​

  1. Account Opening Charges:

  • Trading Account Opening Fee: â‚ą0 (Free)

  • Demat Account Opening Fee: â‚ą0 (Free)

  1. Annual Maintenance Charges (AMC):
  • Demat Account AMC: â‚ą150 per annum after the first year
  1. Brokerage Charges:

  • Equity Delivery: â‚ą0 (Zero brokerage on delivery trades)

  • Equity Intraday: â‚ą20 per order or 0.05% of turnover (whichever is lower)

  • Futures & Options: â‚ą20 per order

  • Currency Futures & Options: â‚ą20 per order

  • Commodity Trading: â‚ą20 per order

  1. Other Charges:

  • Call and Trade Charges: â‚ą50 per call

  • DP Charges: â‚ą18.5 per debit transaction

  • Margin Charges: Based on the margin used, as calculated using the Upstox margin calculator

FAQs on Upstox​

  1. Is Upstox Pro different from Upstox?

Upstox Pro is the advanced trading platform offered by Upstox, featuring real-time data, advanced charting tools, and seamless order execution. It's part of the broader Upstox service, tailored for active traders.

  1. Is Upstox Pro paid?

No, Upstox Pro is not a paid service. It is provided for free to all Upstox clients who have an active trading account.

  1. What is the minimum deposit in Upstox Pro?

There is no specific minimum deposit required to start trading on Upstox Pro. However, you must maintain sufficient funds in your account to meet the margin requirements for your trades.

  1. Is Upstox owned by Ratan Tata?

While Upstox has received investment from Ratan Tata, the firm is owned and operated by RKSV Securities India Pvt. Ltd.

  1. How do I talk to Upstox customer care?

You can contact Upstox customer care at 022-41792999, Monday through Friday, 8 AM to 5 PM. You can also email Upstox at support@upstox.com.

  1. How do I connect to Upstox?

To connect with Upstox, you can reach out via their customer care number, email support, or through their mobile app.

  1. How do I raise a complaint against Upstox?

Complaints can be raised through the Upstox customer support portal, via email, or by calling their helpline. You can also lodge complaints through the SEBI SCORES platform.

  1. What is the call and trade number of Upstox?

If you want to place a buy or sell order using the Call and Trade service, you can call Upstox at 022-61309998 or 022-71309998. You'll need to use your Call and Trade T-Pin to place the order.
There's a â‚ą59 charge for each order placed using Call and Trade.

  1. Does Upstox charge any fee?

Yes, Upstox charges a nominal brokerage fee for intraday, F&O, and other trades. There are also annual maintenance charges for the Demat account after the first year.

  1. Is Upstox AMC charged after 1 year?

Yes, Upstox charges an AMC of â‚ą150 per annum after the first year of account opening.

  1. Is Upstox completely free?

No, while Upstox offers zero brokerage on equity delivery trades, other trades such as intraday, F&O, and commodities are charged at â‚ą20 per order.

  1. Which is better, Upstox or Zerodha?

Both Upstox and Zerodha are leading discount brokers in India. While Zerodha is known for its comprehensive trading tools, Upstox offers competitive pricing and a user-friendly platform. The choice depends on individual trading needs.

  1. Does Upstox have a refer and earn program?

Yes, Upstox offers a refer and earn program where you can earn rewards by referring new users to open accounts with Upstox.

  1. How much money does Upstox give for referrals in 2024?

The referral reward varies but can be up to â‚ą1200 per successful referral in 2024, depending on ongoing promotions.

  1. What are Upstox brokerage charges?

Upstox brokerage charges include â‚ą0 for equity delivery trades, â‚ą20 per order for intraday and F&O trades, and â‚ą20 per order for commodities and currency trading.

  1. Why are Upstox charges so high?

Upstox offers competitive charges, but some users may find additional fees, such as DP charges and call and trade fees, higher compared to other brokers. These fees are part of the overall cost structure in the industry.

  1. Is Upstox safe?

Yes, Upstox is a SEBI-registered broker and follows strict regulatory guidelines, making it a safe platform for trading and investments.

  1. Which is better, Groww or Upstox?

Upstox is better suited for traders looking for advanced trading features and low brokerage charges, while Groww is more beginner-friendly and focused on mutual fund investments.

  1. What are the disadvantages of Upstox?

Some of the disadvantages of Upstox include additional charges for services like call and trade and DP charges, and a slightly higher learning curve for new users compared to more beginner-focused platforms.

  1. Is Upstox good for beginners?

Yes, Upstox is a good option for beginners due to its low brokerage charges and user-friendly interface, though it offers more advanced tools that may also appeal to experienced traders.