What is Upstox
RKSV(Upstox) is an India-based discount brokerage company headquartered in Mumbai, India that holds memberships with the NSE, BSE, MCX, and MCX-SX. The company allows retail investors and institutional corporations in India the ability to invest in stocks, futures, options, currencies and commodities at lower rates compared to traditional full-service brokers.
Investors can place their orders using an electronic trading platform or by phone.
RKSV was formed in 2009 by three cofounders: Raghu Kumar, Ravi Kumar and Shrinivas Viswanath.In 2011-12, RKSV opened up to general public by entering into retail brokering, and launched online-only unlimited trading plan that allowed retail traders to cut down considerably on their brokerage costs.
Backed By Ratan Tata
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