In 2010 August Zerodha has started the concept of discount broker in India. Till then brokerage was calculated on the basis of total trading volumes and traders were ending up paying really high brokerage end of the day. Zerodha has come up with the discount brokerage model where the brokerage part remained fixed irrespective of the trading volume. After Zerodha few other companies also implemented this model. RKSV Securities was one of them. RKSV has now been renamed as Upstox. In this post, I will discuss Upstox Pro Web demo and also will post the Upstox review. To test their platform you can ask for a demo from their official website.
What is Upstox Pro Web?
Upstox Pro Web is Upstox’s web based trading platform and it is much similar to the Zerodha Kite. But it has some other features which can be helpful for algo traders. You can trade as well as do the charting in Upstox Pro Web.
Step-By-Step Upstox Pro Web Demo:
First CLICK HERE to go to the login page of Upstox Pro Web. Login with your id and password or click TRY LIVE DEMO.
It will then ask for your year of birth as your passcode. Please enter your year of birth to continue.
Now this will login to the Upstox terminal and go to the home screen.
The home screen will be a blank screen unless and until you add few scrips there. You can click the plus symbol and write the name of a scrip to add it in the terminal. See the image below:
Once the scrip is added you can also remove a scrip by clicking on the REMOVE button as shown on the image below:
There are few menus on the top right corner of the Upstox Pro terminal. Click on the first menu denoted as “P” or profile. You can find the following options there:
- Market Status
- Change Password
- Keyboard Shortcuts
- Terms of Service
- Sign Out
The next menu is denoted by a Rupee symbol and that is the funds section. You can see your funds status like following:
- NET BALANCE
- TOTAL BALANCE
- USED MARGIN
- INSTANT PAYIN (ATOM)
- SPAN MARGIN
- EXPOSURE MARGIN
The next menu is denoted by a PLUS symbol and that deals with the watch list, charts, report books etc. The menu consists of the following:
- Quote Panel
- Order Book
- Trade Book
- Position Book
- Option Chain
- Option Strategy
In the Upstox Pro Web demo lets now see the charting. To open a chart just right click on a scrip on the market watch and click on OPEN CHART.
This will open the chart of the scrip in the Upstox Pro Web. In the chart you can change chart time frame (1 minute, 5 minute, daily etc), change chart type (bar/candle etc) and attach all major indicators.
Now we will see how to punch an order in the Upstox Pro Web. Same like opening a chart, just right click on a scrip in the watch list and select PLACE ORDERS. This will open the buy OR sell order window as shown below:
In the order window, you can click on ADD STOP LOSS AND TARGET to send advanced orders like bracket or cover orders. See the image below:
I have touched almost all aspects of Upstox terminal in my Upstox Pro Web demo. Now, lets check the Upstox review.
Upstox review as a company and in comparison to it’s peers?
- Upstox has made a lot of improvement in their trading terminal.
- The Upstox Pro Web is algo ready.
- The brokerage rate is zero for equity delivery and Rs. 20 maximum for FNO and intraday.
- Hassle free account opening with Aadhar.