Upstox NEST Trader Review
Upstox Track Record Of Best Online Stock Broker In India
Upstox Nest Trader Review
NEST is the abbreviation used for Next Generation Electronic Securities Trading platform. It is a third-party desktop application that provides a lot of perks. This software is used for equity trading, commodity trading, currency trading and stock trading products.
It is a powerful advanced share trading web-based software in India. This helps in monitoring markets, placing orders fluently and buying and selling shares in real time.
Features of Upstox Nest Trader
1. Customizable Interface: It facilitates the users to edit layouts, fonts, colours and shortcuts as per their need. Thus, it helps in carrying out the trades smarter and faster.
2. Multiple Monitor Support: The software supports multiple screens. It means the users can trade and stream data on the multiple monitors.
3. Advanced charting: It avails customers to monitor the market by using the advanced charting tools that are available on the platform. This allows technical analysis and helps in spotting trends.
4. Low latency and enterprise level stability: It is one of the most remarkable features of Nest Trader as it has the fastest refresh rates of streaming and it remains stable in heavy load or traffic.
5. Order Types: The user can place all types of Upstox complex orders such as Upstox OCO order, cover order, bracket order and more.
Setting up Upstox Nest Trader
To set up the Upstox Nest Trader on your desktop you need to follow the following steps:
1. Download the Nest Trader from Upstox website.
2. After downloading the file, use WinZip/WinRar to extract the file you have downloaded.
3. Now open the file “NEST_Trader_Setup.EXE” and click on the “Next” button.
4. A “Terms and Conditions” page will appear. Put a tick on the checkbox and then click on “Next”.
5. Enter the details like your user name and company name. Then, click on “Next”.
6. In the next step, choose “Complete” and click on “Next”.
7. And then install the software by clicking on “Install” and click on “Finish” as the installation procedure gets completed.
1. Choose date and time.
2. Then, right click on the NEST launcher.
3. Move to “Properties” and click on the “Properties” button present under the Properties tab.
4. Move on by clicking on the “Advanced option” present under the shortcut tab.
5. Tick on the “Run as Administrator” box and then click on “Ok” button.
6. Now, double click on NEST launcher and you are done.
Upstox Nest Trading Terminal is simply an excellent arrangement that serves as a perfect blend of stock trading tools for institutional and retail brokers, restrictive work areas and trades. The tools showcase information, trade network and much more.
Upstox Nest is considered as the market head in institutional trading. It provides its users the innovation in their tasks with the speed and adaptability.
Frequently Asked Questions
A stop-loss order is an order placed with a broker in order to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed in order to limit an investor's loss on a security position.
While carrying Intraday orders, we trade using margins and thus the trade goes in loss showing the negative balance. It will show the negative balance till the time we square off our trade or their RMS team do so. Your AMC might be deducted and this is the reason why it shows negative balance.
Rs.20 brokerage and 15x intraday margin are the most suited for a new trader. Whereas, the Priority plan is best for the experienced traders who require higher (20x) leverage. The brokerage charges (Rs. 30 per trade) are also higher under the Priority Plan.
The Upstox has pioneered the low-cost brokerage model. Thus while trading with Upstox, equity delivery trades are free of cost. For intraday trading on BSE, NSE and MCX and F&O. It is 0.05% or up to Rs. 20 per order traded.
The Upstox provides three trading platforms. There is Upstox Pro web that you can access from your favorite browser. The other software Upstox Mobile which is available on both Android and iOS will help you in trading on the go.
Upstox runs a partner program wherein you can become a sub-broker and start referring customers from your network. You can earn commissions when they trade. You can receive earnings in two ways in this program either earn a part of the brokerage paid by your referrals or earn incentives for referrals when they open an Upstox account.
The Account opening is free. But if you pay Rs.149, you will get a brokerage credit worth Rs.250 with the validity of 30 days.
You can withdraw money from your Upstox account directly from the application. You go to the balance section of the app and choose to “withdraw funds” from your securities or commodities account. Once after selecting the account, click on the “withdraw” screen. Now enter the amount you want to withdraw and click on “submit”.
Upstox is an online broker and a POA is compulsory during the account opening. This is done in order to keep your information safe and secure.
There is no limit of how many banks accounts you can link with Upstox. One bank account will be marked as the primary account and rest of them will be marked as the secondary bank accounts.
The monthly maintenance charge for the demat account is Rs.25 (excluding GST). This amount will be charged at the end of every month.
The trading with Upstox is completely safe. The company started offering its services in 2012 and since then it has grown exponentially. It has lakhs of trusted customers and over 5 lakh customers traded in January 2020. This made it rank as the second largest discount stock broker in India. The company is registered with the SEBI, BSE, NSE, MCX, CDSL and NSDL. It is regularly audited by the exchanges and no violations have been noticed so far. The company is backed with the leading investors like Ratan Tata, Tiger Global and GVK Davix.
The client can freeze his account in case he does not wish to do any transaction in the near future. This helps in curbing the unauthorized use of demat account & prevention of frauds. The account will be de-freeze only on the instructions of the account holder.
To reactivate your Upstox account, all you need to do is to fill the reactivation form and email it to us at email@example.com. You also need to send a bank statement of the last three months that have been self-attested. Once after we receive this, your account will be reactivated within 24–48 business hours.
Upstox core services does not include providing trading or stock tips. As an online broker, Upstox believes in keeping costs as low as possible.
There is no minimum balance that you are obliged to maintain in an Upstox Mutual Fund account once after the first time when you purchase the SIP.
You can upgrade your Upstox account by just sending an email from the registered email Id to firstname.lastname@example.org. Remember to keep the subject line "Request to change brokerage plan." Make sure that you mention your Name and UCC in the email. The request for changing brokerage plans will be processed in 24-48 hours during business days.
One of the major advantages of having trading account with Upstox is their low-cost structure. As a result, they do not provide any RM (Relationship Manager) services, even in Mumbai.
The Trigger price in Upstox is the pre-set price on a buy or sell order in trading. The order here is a special order such as a “stop-loss order”, a “take-profit order”, “bracket order” and a “cover order”.
The withdrawal of money procedure is an online process. Thus, every request is processed within 24 business hours after the trading day has ended. The Upstox staff get notified of your withdrawal request and hence they process all withdrawals once at the end of each day.
Yes, the account opening in Upstox is free with a ₹249 prepaid brokerage plan. Currently the company does not charge any account opening fee for the individual trading accounts.
In order to change your phone number in the Upstox account, you will have to open an online service request. To change phone number in Upstox, follow the below mentioned steps: a) Go to www.upstox.com b) Click on 'Sign in' > 'Dashboard' c) Login to the dashboard (Upstox back office) d) Choose and click on the 'Service Request' box e) Then, click on 'Change your Mobile Number" f) Enter the new phone number and verify the OTP. Once after the request is submitted, it will be processed in 24 to 72 hours.
Upstox is not a listed company. It is a privately owned company run by the promoters of the company including Mr. Ravi Kumar and Mr. Shrinivas Viswanath. Four major investors that include Mr. Ratan Tata, Tiger Global Management, GVK Davix and Kalaari Capital Partners invested in this company.
The “Validity in Upstox” means the tenure or period for which a placed order is valid. The price of a stock moves up and down on a regular basis and thus the order is executed only when the matching price is available.
If you are deciding to close your account then you can delete it, then you can delete it. Upstox does not charge any fees to close your demat or trading account. Just make sure that all your dues are clear and transfer all existing securities from your Upstox demat account.