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India|5-10 years|
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+91 (022) 24229920
30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013


No valid regulatory information, please be aware of the risk!

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Broker Information


Company Name

RKSV Securities

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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upstox · Company Summary


Upstox, formerly known as RKSV Securities, is an online private discount broker from India offering commodities, equities, futures, mutual funds, IPOs, currencies and options. Upstox was founded and established in 2011 by owners Raghu Kumar, Ravi Kumar and Shrinivas Viswanath. It was formerly known as RKSV Securities India Pvt. Ltd. The brokerage is backed by a group of investors, which include Kalaari Capital, Ratan Tata and GVK Davix. Additionally, the broker is registered with the National Securities Depository Limited (NSDL), Securities and Exchange Board of India (SEBI) and Central Depositories Services India (CDSL). Upstox offices are currently headquartered in Mumbai, India but the broker has partner offices all over the country, including in Kerala and Gujarat. The broker claims to have over 4 million users as of 2021. The broker is most suited to Indian residents but opens up its services to non-resident Indians (NRI) under specific account opening processes.


No valid regulatory information

Please be aware of the risk!


Upstox offers a wide range of asset classes and investing options that can be traded from one platform: Upstox Pro. These include:

· Stocks on the BSE, NSE and MCX exchange, as well as major global stocks

· 2000+ mutual fund schemes

· Futures & Options (F&O)

· Equities

· IPOs

In 2020, Upstox expanded its global investments to include 60 exchanges across 25 countries, such as US stocks on the NYSE.


As a discount broker, Upstox offers low trading fees across its asset classes. The pricing model features include the following charges:

· Zero commission in mutual funds

· Zero brokerage plan on mutual funds and IPOs

· Flat INR 20 fee or 0.1% (whichever is lower) on Equity Delivery orders

· Flat INR 20 fee or 0.05% (whichever is lower) on Equity Intraday, Futures and Options, Currency and Commodity. The flat INR 20 fees remain, regardless of the size of your order.

Upstox has a comprehensive charge list of brokerage rates on its website, with no hidden charges. This includes SEBI charges, Demat transaction charges, joining fees, holding charges and stamp charges


Under SEBI guidelines updates, Upstox offers up to 1:5 leverage on intraday and cover orders (CO) in equities. Additionally, the broker is permitted up to 1:1.33 margins on intraday and CO orders in futures and stock futures, indices and stock options (selling), NSE currency futures, and MCX futures. However, margins are not applicable to options buying.


Demat Account

Upstox‘s Demat Account allows you to hold your shares in an electronic format. Indian traders cannot invest without a Demat account to store their positions. These accounts also let you monitor all your stocks and funds in one place, also providing access to the mutual fund’s platform page.

Demat accounts must be paired with a trading account to actually link to the exchanges and place the orders. Upstox Demat accounts can be opened individually, providing storage but no trading services (you would open a trading account with a different broker).

Demat accounts with Upstox incur a yearly “annual maintenance charge” (AMC) of INR 150 and an account opening charge of INR 249.

Trading Account

The trading account acts like the cash you use to purchase on the market. This account allows you to place orders on Upstox Pro, trade across multiple asset segments and easily transfer funds from your bank to your trading account. This account has a zero AMC fee and you can enjoy free equity delivery trading with no hidden charges.

Upstox offers a 2-in-1 joint account, which combines the Demat and trading accounts, providing a holistic trading solution


Upstox offers the following methods for funding accounts, with varying processing times and fees:

· Smart Fund Transfer: Instant (Free. Deposit up to INR 5,000,000 in one transaction with an unlimited number of transactions).

· NetBanking: 1 – 10 minutes (INR 7 every transfer)

· UPI Transfer: 1 – 10 minutes (Free)

· Google play: 1 – 10 minutes (Free)

· Cheque: 3 – 5 working days (Free)

· IMPS/RTGS: 30 minutes (Free)

· NEFT: 3 – 4 hours (Free)

Withdrawing funds can be done directly from the Upstox Pro app. Withdrawals are automatically returned to your primary registered bank account. Withdrawals are usually processed within two working days from the time of request. You can withdraw up to the amount available on your account and there are no withdrawal charges.

Upstox has partnered with 23 banks, which allows you to transfer funds via ATOM instantly. Banks include the Bank of India, YES Bank, HDFC Bank, IDBI Bank and ICICI Bank


· Upstox Pro Web

· HTML-based trading platform


Trading times on Upstox adhere to the following market hours:

· NSE Cash, BSE Cash and NSE F&O: 09:15 to 15:30 IST

· NSE Currency Derivatives: 09:00 to 17:00 IST

· MCX: 10:00 to 23:30 IST from April to October, 10:00 to 23:55 IST from November to March. On Saturdays, the market timings are between 10:00 and 14:00 IST.


If you encounter login issues on Upstox Pro or have any queries, contact the Upstox customer care team:

For New Accounts:

· Helpline Numbers: 022 4179 2991, 022 6904 2291, 022 7130 9991 (every day from 09:00 to 23:00 IST)

· Email:


Upstox accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries


WIKIFX REPORT: Upstox Adds Good-till-Triggered to Its Platform To Protect Users From Market Fluctuat

NewsWIKIFX REPORT: Upstox Adds Good-till-Triggered to Its Platform To Protect Users From Market Fluctuat

2022-08-23 14:31

The Indian online stock trading platform Upstox has added new features to its platform that will allow its users to better protect the interests of their investments.

2022-08-23 14:31
WIKIFX REPORT: Upstox Adds Good-till-Triggered to Its Platform To Protect Users From Market Fluctuat
WIKIFX REPORT: Upstox continues partnership with Tamil Nadu Premier League 2022 as associate partner

NewsWIKIFX REPORT: Upstox continues partnership with Tamil Nadu Premier League 2022 as associate partner

2022-08-23 14:28

As per the company, the partnership will further strengthen Upstox’s position in the state, while allowing it to expand its reach into other parts of southern India

2022-08-23 14:28
WIKIFX REPORT: Upstox continues partnership with Tamil Nadu Premier League 2022 as associate partner
WIKIFX REPORT: Zerodha, Upstox's stock trading platforms face connectivity issues

NewsWIKIFX REPORT: Zerodha, Upstox's stock trading platforms face connectivity issues

2022-08-23 14:24

Cloudflare is currently experiencing issues in India, due to which some services may be temporarily inaccessible

2022-08-23 14:24
WIKIFX REPORT: Zerodha, Upstox's stock trading platforms face connectivity issues
WIKIFX REPORT: Upstox announces appointment of new Chief Technology Officer

NewsWIKIFX REPORT: Upstox announces appointment of new Chief Technology Officer

2022-06-20 15:09

Thippesha Dyamappa, a former director of software development, international retail at Amazon, has been named Chief Technology Officer of Upstox, one of India's leading investment platforms (CTO). Meanwhile, co-founder Shrini Viswanath, who was in charge of the company's technical stack, will now take on a more strategic role.

2022-06-20 15:09
WIKIFX REPORT: Upstox announces appointment of new Chief Technology Officer

User Reviews

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more than one year
PURE SCAM! STAY AWAY! First things first, Upstox is not a reliable broker! When I started to make money, they immediately tried to disable my account not to lose money from their treasury.
2023-02-23 15:51
more than one year
This company does not have any regulatory license, so it would be very dangerous to do business with it rashly. Thankfully, I didn't see any exposure of the victim on wikifx.
2023-02-16 14:04
more than one year
Upstox used to be good but not anymore, they can change the policy anytime for their own benefits.. Do not invest with them! They are not reliable at all!
2022-12-08 10:19
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