In this article, I am going to provide insights of the mobile app from Upstox, a leading discount broker of India. The app is named as Upstox Pro and i will review it in detail. We will understand various features of Upstox Pro, advantages and disadvantages of it and set up process etc.
I have written a detailed post about India’s 10 best trading apps for superior trading, you can read that also if you wish. In this Upstox Pro mobile app review, we will discuss exclusively about Upstox mobile app.
About Upstox Pro Mobile Trading App
Upstox Pro Mobile App is in house built trading app from Upstox.
Upstox is a discount stock broker incorporated in year 2012. They were earlier known as RKSV securities and rebranded themselves as Upstox in 2016.
I recommend you to read my detailed review of Upstox which covers their brokerage structure, account opening charges, AMC charges and all related information.
Upstox Pro mobile app is offered free to all the customers of Upstox. Before they built this app, they used to provided NEST platform.
Upstox competes with the apps from the other discount brokers such as Zerodha KITE and Angel One.
Using Upstox App, users can invest and trade in stock market. This single app is sufficient for all segments like equities, commodities, futures and options and currencies.
The app is available for both Android and IOs platform providing flexibility to the customers independent of the phones.
Upstox Pro Mobile App – Features I Like Most
Upstox Pro app comes with many power packed features that any trader wish to have in a trading app. Below I have listed some of the best features which I liked in the app.
Unlimited Watch list:
This is some thing even the Zerodha Kite lags. In Upstox Pro app, you can add unlimited watch list where as in Kite, one can have only 5 watch list.
We can customise the watch list by few clicks. One can even export the list to excel and spreadsheet.
Check below video to know how you can set watchlist in Upstox pro.
Universal Search Tool:
One of the most frequesntly used feature of the app is search tool. It is very easy to search any stock and its numbers.
Suppose, If I want to know about Infosys, just type first few letters of the company and it will list down all the companies which matches your search.
Form there you can get all the information about the company such as real time price, latest news and upcoming events etc in few clicks.
Set Unlimited Number Of Alerts:
You can set any number of alerts and notification on a specific scrip. There are multiple options availble such as price conditional and percentage conditional etc
Upstox Pro Mobile App Review & Ratings
At the time of writing this review, the average ratings of Upstox Pro mobile app is 4.4 with more than 3.3 lakhs user reviews. You can visit Upstox Pro app in google playstore to know the current ratings.
In my opinion, this ratings of 4.4 is not bad when compared to apps from other stock brokers.
Why Choose Upstox Pro?
Apart from some of the cool features which I discussed above, there are multiple reasons why one can consider Upstox Pro for their investment purpose
Invest In Stocks:
- Upstox offers one of the lowest brokerage charges (Rs20/trade)
- Secure, easy and fast way to invest in stock market
- Get all financial information, stock price and news at fingertips
Invest In Mutual Funds:
- Upstox offers zero commission, direct mutual fund platform for more than 2000 schemes
- Check and track all your investment in real time
- Get short term and long term capital gain information
- All your investment across multiple AMCs under single platform
Invest In IPOs:
- Apply and track your IPO application in real time
- Apply to IPO using UPI process
- Get chance to have your shares at allotment price and make profit on listing day
Intraday and F&O :
- View OHCL (Open High Close Low) data to make better trading decisions
- Use stop-loss feature to minimize loss
- Access pre and post-trade analytics, intelligent drawing tools, 100+ charts, 250+ indicators with ChartIQ and Trading View
- Place an order from where you are, be it charts, scrip details, or market depth
How To Use Upstox Pro Mobile App?
To use Upstox Pro Mobile App, you need to open a demat account with Upstox First.
Upstox regularly comes with various offers on account opening such as brokerage credit etc.
Check out the latest offer by visiting the Upstox account opening page. Use below button to go directly to their account opening page.
Once the account is opened, you will get email with the details of the login ID and password. Download the app from play store or Upstox app iOS app store page. Use the credentials obtained to login and start using.
Advantages of Upstox Pro Mobile App
Let’s also look at the consolidated list of pros and cons of Upstox mobile app. Below are some of the benefits of the app.
- The app offers guest login with limited features. One can explore the features before opening the account itself
- App can be used in the language of your choice. App is most user friendly and customer convenient
- Security of the App : This mobile app has fully encrypted firewall to protect you data. The 256 bit data encryption is equivalent to that being used by banks
- Fingerprint 2 Factor Authentication is provided for better security and seamless login
- Apply 100+ technical indicators on any rea time charts
- Trade directly from charts – TFC feature without using other window
- Have access to all the information about a company such as Balance Sheet, Profit/loss statement, P/E and P/B ratios, major news and corporate actions etc
- Get real time market feeds on any of your favourite scrip
- Predefined watch list such as NIFTY 50, SENSEX, FINNIFTY and others.
- Invest in various avenues such as ETFs, Gold, Mutual funds.
- Third party integrations like small case, Sensibull and Tickertape etc
- As I said before, set unlimited watch list, universal search, set price alerts etc
Disadvantages of Upstox Pro Mobile App
- If you read the review on playstore, many customers recommended that the app’s usability needs to be improved
- There is no margin calculator to check the margin required to place the order
- Not suitable for users with slower internet speeds.(2G and 3G)
Upstox Pro App – Final Thoughts
Mobile apps nowadays are not only used for trading but also for quick information gathering and technical analysis also to some extent.
All in all, Upstox Pro Mobile app is one of the best trading app available in India for both beginners and experts of stock market.
It has rich list of desirable features built in and is providing high competition to Zerodha Kite.
As far as Upstox as a broker is considered, they are one of the most trusted brokerage house backed by Mr. Ratan Tata. They are also registered under SEBI and affiliated to NSE and BSE.
The brokerage charges are also reasonable.
I will definitely give rating of 9.5 out of 10 for Upstox Pro Mobile app. You can definitely consider opening account with them.
Upstox App – FAQs
Question – Is Upstox Mobile App Free to use?
Answer : Yes, Upstox mobile is app is completely free and customers dont have to pay any charges to use it. But there will be other charges related to account such as AMC charges and brokerage charges. But these are not levied for using mobile app
Question – Does Upstox provide iOS app?
Answer : Yes, Upstox app is also available for apple phones for iOS platform. One can download it from apple playstore and start using it. The login credentials are provided after the client registration is complete.
Question – Does Upstox App provide tips?
Answer : No, Upstox belongs to discount broker category hence they do not provide any stock tips or recommendations. The app provides all the information regarding the stock of your interest. But it is you who have to take the decision based on the information.
Question – Does Upstox app has EKYC Option?
Answer : Yes, the demat account in Upstox can be opened completely online. No need to visit any branch or send form and documents. Many brokers provide EKYC options through which account can be opened online and start any financial transactions.
Have you already used Upstox Pro Mobile app?. if yes please share your review and ratings through comments so that other readers can benefit.
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