Is Upstox the right app for starting your investment journey?

Raghu Kumar, Ravi Kumar, and Srinivas Viswanath, called RKSV, started the Upstox app in 2009. It is a SEBI-registered company which is located in Mumbai, India. The app provides online stock trading, investment, and currency derivative trading services to large and small-scale investors. It is also a part of NSE, BSE, MCX, NCDEX, NSDL, and CDSL. With more than 50 lakh investors, it is among the best investment platforms in India.

However, the question is- does it worth the hype? So worry not; today, we will discuss all the aspects of the Upstox pro trading app to understand its features and advantages.

Understand Upstox better

Upstox pro trading app is India’s second biggest discount online stock broker. The parent company RKSV has strong backing from the likes of Ratan Tata. Therefore, Upstox is the solution if you’re seeking an entirely online platform to start your investing career. It had over 1 lakh customers and sales of about Rs. 15 crores in 2018. It provides low-cost brokerage services with complete credibility and no bother in the cutthroat trading platform market.

Additionally, consumers have access to flat-rate trading plans, where a single executed order only costs Rs. 20. Additionally, intraday leverage of 20x is available. The Upstox app’s Upstox Pro, Upstox Mutual Funds, Upstox DEV, and Partner platforms are where RKSV offers trading services.

Top features of Upstox

Due to its sophisticated technology innovations for offering extremely precise and thorough analysis of various assets, Upstox is undoubtedly a preferred option among many investing gurus. So let’s examine the app’s best attributes in more detail to determine whether it is worthwhile.

• Advanced charting tool

Guesswork doesn’t work in trading; instead, data-driven decisions do. And Upstox app has understood it entirely with its advanced charting tool. It enables the users to compare and study the stocks by incorporating comprehensive interactive charts. It also provides indicators like a bar, line, candlestick, etc.

• Real–time market news feed

In the trading world, staying updated about even the smallest of developments is crucial. So Upstox offers real-time market feed where you get immediate about net change, share volume, etc.

• Unrestricted watchlist

With Upstox, you can build a customized watchlist with as many stocks as you want. You also get to see the real-time pricing incorporated in different time frames. Moreover, it offers script addition on the watchlist for excel or spreadsheets. So you can easily transport data for analysis and study.

• Diversified investment support

Upstox works as a one-stop solution for all your financial investment solutions. You can invest in stocks, IPO, mutual funds, intraday, and F&O.

Advantages of using Upstox

You know about its top features; now let’s see the advantages it offers to the users over other apps.

• Low operational charges

Upstox offers a basic plan of Rs. 2 brokerage charge. This makes the app accessible from large investors to small ones. You can easily trade large volumes at minimal prices. It is especially suitable for beginners who are still experimenting with different platforms. There is another plan called the ‘priority plan’ for large-scale professional investors at Rs. 30. However, it is still cost-effective compared to other platforms like Sharekhan, Motilal Oswal, etc., which charge 0.50% brokerage.

• Good trading margins

Margins can help you trade more efficiently without restricting the available money limit. Upstox offers high trading margins, including 15X for their basic plan and  20X for their priority plan. It is especially beneficial for new traders compared to the high risk of losses in margins of 50X on other platforms.

• Feature for directly ordering from charts

If you want a seamless trading experience, then Upstox checks that box. It offers direct orders from the chart section. You can analyze an asset and directly make a purchase or sale action.

Conclusion

Because of its user-friendly UI, cutting-edge features, and cost-effective plans, Upstox is one of the top financial trading and investment applications. Users can receive real-time news and updates on their assets, which aids in their decision-making. Furthermore, using the platform is free of any additional fees. The finest thing is that you may get in-depth feedback on the stock or asset using their technical analysis features. Additionally, they provide adequate customer service support, which aids new investors in understanding the app, its features, and the market. In conclusion, all investors should buy into the buzz around the RKSV Uptox app. You can check out the app here. 

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