I have been using this app for more than one year Here’s my personal review. Upstox is the most unreliable app for trading. For instance, the platform failed exactly on the day of the budget announcement where large bid volume transactions take place. The platform started working the next day and the company head posted mail stating a technical glitch. This shows companies unpreparedness and lack of vision
Upstox pro disadvantages: The app has been around for a while since its launch, however, the number of features offered is relatively limited in number. This becomes a concern, especially for intermediate-advanced level traders. Relatively tough to use, especially for beginners. But no means provides a sub-optimal user experience. The market is getting tough and most of the stockbroking firms are putting in their efforts to bring the best trading solution for clients. upstox does not allow you to invest in Mutual funds so you want to be able to invest in MFs through the software.
UPSTOX PRO CHARGES: Since upstox pro comes from a discount broker, the charges levied in terms of brokerage are flat in nature, irrespective of the trade turnover value.
Some of the different kind of charges levied by Upstox Pro are:
>Brockrage Charges
>Account Opning charges
>Transaction Charges
>Taxes and Stamp Duty
>Depository Participant Charges Upstox charges AMC on time but fails to serve its user’s needs the platform the most. In my opinion, It’s unfair to charge when they are not providing quality service. I don’t recommend this app for an investor as well because the app falls to alert the user has a defined price alert in the app. Another Disadvantage in using upstox is that they Don’t offer free transfer of shares among family members who have accounts in Upstox. Upstox Competitors offers free and hassles transfer among family members who have accounts in Upstox. The option comes in handy while ipo is allowed.
#myopinion