Upstox is a prominent discount brokerage firm in India, providing a trading platform to trade in stocks, derivatives, commodities and mutual funds that is fast, reliable, and tech-enabled. Upstox is backed by Ratan Tata and is most recognized for its low price brokerage plans and easy-to-use mobile/web platform along with the features of advanced charting, swift order execution and research ideas for beginner and experienced traders alike. Through margin trading, IPO investment opportunities, and API based trading, Upstox aims to simplify investing with little cost and a high level of service. Upstox is also committed to transparency, security and innovation to meet today’s needs for the modern investor in India.
Explore an unbiased Upstox review: platform tools, costs, execution quality and whether it suits investors or active traders.
| Services Rating | Upstox |
|---|---|
| Overall Rating | ★★★★★ |
| Brokerage Charges | ★★★★★ |
| Trading Platform | ★★★★★ |
| Investments Offering | ★★★★★ |
| Customer Service | ★★★★★ |
| Broker Type | Discount Broker |
| Exchanges Supported | NSE, BSE |
| Active Clients | 23.78 lakh |
| Broker Overview | Upstox Review |
Account Opening Charges and AMC
Upstox offers a free trading account and demat account opening and charges an Annual Maintenance Charge (AMC) of ₹300.
| Charges | Upstox |
|---|---|
| Trading Account Opening | Free |
| Trading AMC | ₹300 |
| Demat Account Opening | Free |
| Demat AMC | ₹300 |
| Provide DP Service | Yes |
Brokerage Plans
Upstox offers multiple brokerage plans, including both monthly and yearly options — giving traders flexibility based on their trading volume.
| Plan Types | Upstox |
|---|---|
| Multiple Plans | - |
| Monthly Plans | - |
| Yearly Plans | - |
Brokerage Charges
Upstox charges Rs 20 or 0.1% for equity delivery and intraday and Rs 20 for futures, options, and commodities — ensuring a simple and transparent flat-fee pricing structure.
| Brokerage Charges | Upstox |
|---|---|
| Plan Name | - |
| Equity Delivery | ₹20 |
| Equity Intraday | ₹20 or 0.1% |
| Equity Futures | ₹20 or 0.1% |
| Equity Options | ₹20 |
| Currency Futures | ₹20 or 0.5% |
| Currency Options | ₹20 |
| Commodity Futures | |
| Commodity Options | |
| Hidden Charges | No |
| Call & Trade Charges | ₹75 + GST |
| Auto Square off Charges | ₹75 + GST |
| Brokerage Calculator | Upstox Brokerage Calculator |
Transactions Charges
| Transactions Charges | Upstox |
|---|---|
| Equity Delivery | NSE: 0.00297% per trade |
| Equity Intraday | NSE: 0.00297% per trade |
| Equity Futures | NSE: 0.00188% |
| Equity Options | NSE: 0.0495% (on premium) |
| Currency Futures | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | NSE: 0.0311% BSE: 0.001% |
| Commodity | 0.05% |
Account Features
Upstox offers several powerful features such as advanced charting and analysis tools, algo trading support for automation, instant SMS alerts for market updates, online demo sessions and video tutorials, ensuring a smooth and modern trading experience for all types of users. Overall, Upstox provides advanced account features including easy account setup, smart trading tools, interactive charts, algo trading, online demo guidance, and a personalized online portfolio, making it a complete trading and investment platform for all users.
| Compare Account Features | Upstox |
|---|---|
| 3-in-1 Account | No |
| Charting | Yes |
| Algo Trading | Yes |
| SMS Alerts | Yes |
| Online Demo | Yes |
| Online Portfolio | Yes |
| Margin Trading Funding Available | Yes |
| Combined Ledger for Equity and Commodity | Yes |
| Intraday Square-off Time | 3:20 PM |
| NRI Trading | No |
Trading Platforms
Upstox provides a seamless trading experience across multiple platforms including a modern web-based trading platform, a mobile-friendly trading interface, an Android trading app, an iPhone trading app, an Android tablet app, an iPad trading app. Traders can access their accounts anytime, whether on web or mobile devices. The software ensures fast execution, stability, and real-time performance for all users.
| Trading Platforms | Upstox |
|---|---|
| Web Trading Platform | Yes |
| Web Trading Detail | Upstox |
| Mobile Trading | Yes |
| Mobile Trading App | Yes |
| Android Mobile App | Yes |
| Android App Download | Upstox Pro |
| iPhone Mobile App (IOS) | Yes |
| iOS App Download | Download |
| Android Tablet App | Yes |
| iPad App (IOS) | Yes |
| Trading Software Charges | Free |
Broker Ratings
Upstox maintains impressive ratings with fees rated 4.3, brokerage rated 4.4, platform usability rated 4.4, and customer service rated 4.2. The broker’s overall rating stands at 4.3 out of 5, reflecting its balanced performance across key areas. Overall, Upstox is recognized for offering dependable service, fair pricing, and a user-friendly trading experience.
| Broker Ratings | Upstox |
|---|---|
| Fees Ratings | 4.3 |
| Trading Brokerage Rating | 4.4 |
| Trading Platform Usability | 4.4 |
| Customer Service Ratings | 4.2 |
| Overall Ratings | 4.3 |
Investment Offerings
Upstox offers a wide range of investment options including equity cash and F&O, currency derivatives, commodity trading, online IPO applications, mutual funds, bonds and NCDs, and more — giving investors complete portfolio diversification across equity, debt, and alternative products. Overall, Upstox ensures a comprehensive investment experience — from IPOs and mutual funds to derivatives and commodities — enabling investors to diversify effortlessly.
| Investment Offerings | Upstox |
|---|---|
| Equity Cash and F&O | Yes |
| Currency Derivatives | Yes |
| Commodity | Yes |
| Online IPO Application | Yes |
| Mutual Funds | Yes |
| Bond / NCD | Yes |
| ETF | Yes |
| Banking | No |
| Insurance | No |
| Forex | Yes |
| MF SIP Investment | Yes |
| Equity SIP Investment | Yes |
| PMS Service | Yes |
| Other Investment Options | Yes |
Customer Support Offered
Explore the range of customer support services offered by Upstox.
| Customer Support | Upstox |
|---|---|
| 24/7 Customer Service | No |
| Email Support | Yes |
| Online Live Chat | Yes |
| Phone Support | Yes |
| Toll Free Number | No |
| Through Branches | Yes |
| Customer Care Number | 022-41792999 |
| Account Opening Process | Online/Paperless |
| Customer Support Email | [email protected] |
| Knowledge Center/Education | https://upstox.com/uplearn/ |
| Head Office Address | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013 |
| Website | https://upstox.com/ |
Research and Reports
| Research | Upstox |
|---|---|
| Research Mutual Funds | Yes |
| Research Equity Reports | Yes |
| Research ETF | Yes |
| Daily Market Report | Yes |
| Free Tips | No |
| Quarterly Result Analysis | Yes |
| News Alerts | Yes |
Demat Account Charges
Upstox offers a Demat account with CDSL as DP source. The annual maintenance charge (AMC) is Rs 300, and transaction charges per ISIN are . Services like demat, remat, and pledge creation are available for seamless securities management. Demat account covers key aspects like DP source as CDSL, AMC of Rs 300 per year, and pledge creation charge of ₹20 + GST per scrip, ensuring efficient securities management.
| Demat Charges | Upstox |
|---|---|
| DP Source | CDSL |
| DP ID | 81800 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 300 |
| Advance Deposit | No |
| Transaction Charges on Debit (Per ISIN) | |
| Demat | |
| Remat | |
| Pledge Creation | ₹20 + GST per scrip |
| Pledge Creation Confirmation | Yes |
| Pledge Closure | ₹20 + GST per scrip |
| Pledge Closure Confirmation | Yes |
| Pledge Invocation | ₹20 + GST per scrip |
| Failed Instruction Charges | ₹50 per transaction |
| Other Charges | No |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Upstox |
|
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User Experience with Upstox
Account Opening Experience: Opening an account with Upstox is completely online with Aadhaar-based eKYC. Most users report fast verification and smooth onboarding.
Brokerage & Cost Transparency: Upstox offers free equity delivery which is ideal for long-term investors. Intraday brokerage is ₹20 or 0.1%, making it competitive for active traders. Charges are displayed clearly before order confirmation, reducing confusion around hidden costs.
Trading Platform Experience: The mobile trading platform of Upstox allows real-time execution, advanced charting, and instant portfolio tracking.
Advanced Features: Upstox provides algorithmic trading support, margin trading facilities, detailed research reports, making it suitable for serious traders.
Customer Support Experience: With a customer service rating of 4.2/5, Upstox offers support through multiple channels. Response time may vary during peak market hours.
Popularity & Trust: Upstox serves approximately 23.78 lakh active clients, reflecting strong market presence and investor trust.
Overall Verdict: Based on user feedback and platform usability, Upstox holds an overall rating of 4.3/5. It is best suited for active traders and intraday investors.
FAQs on Upstox Review
Yes, Upstox is considered one of the safest brokers in India. It is a SEBI-registered stockbroker, a member of NSE and BSE and has a strong track record of transparency and compliance.
Upstox offers competitive brokerage charges. Typically, it charges ₹20 for equity delivery and intraday trades and ₹Yes for F&O trades, making it one of the most affordable brokers in India.
Upstox provides multiple platforms for trading and investing including mobile and web platforms, offering a smooth, reliable, and user-friendly experience.
You can open an account with Upstox online through an eKYC process. Online/Paperless Generally, the account gets activated within 24–48 hours once the documents are verified.
Yes, you can invest in direct mutual funds via Upstox platform. It allows you to buy and manage all your mutual funds online without paying commissions.