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Upstox logoUpstox review

Low-cost broker with fast trading tools

4.3/ 5App: 4.3/5
  • Since 2009
  • Delivery ₹20 per order
  • AMC ₹0 first year, then ₹300/year
Open an account with UpstoxCompare Upstox →SEBI-registered stockbroker | Member: NSE, BSE, MCX

Reviewed by LetsInvest Research DeskUpdated 13 Sept 2026Pricing verified 13 Sept 2026How we test

Fees & pricing4.4
Trading platforms4.3
Customer support3.7
Research & education3.0
Ease of opening4.4

Overview

Upstox is a discount broker backed by major investors, offering equity, F&O, IPOs and mutual funds with a focus on fast execution and API-based trading.

Best for: Mobile-first traders and developers who use trading APIs.

Pros & cons

What we like

  • Free account opening
  • Fast Pro web + mobile platforms
  • Good API for algo traders
  • Competitive flat pricing

Watch out for

  • AMC and platform nuances change often — verify
  • Support quality is inconsistent
  • Margin-trading funding costs add up

Fees & charges

Account charges

Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
₹0 (free)✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified
Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
₹0 first year, then ₹300/year✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified

Equity

Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
₹20 per order✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified
IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
₹20 or 0.1% per order✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified

Derivatives (F&O)

OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
₹20 per order✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified
FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
₹20 or 0.05% per order✓ Verified 13/9/2026Source: Upstox brokerage charges page · Static-verified
Source & freshness
Source
Each broker's official pricing page (per-row source links above)
Timeliness
Static-verified
Verified
13/9/2026
Method
reported
Note
Re-checked against official pages; unverified rows show Confirming. Never a live tick.

Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.

What you can invest in

Stocks (delivery)
✓ Yes
Intraday
✓ Yes
Futures & options
✓ Yes
Mutual funds
✓ Yes
IPOUPI-based IPO applications
✓ Yes
US stocks
—
Trading APIFree historical + websocket APIs
✓ Yes

Platforms & features

research

  • Research & advisory—

trading

  • Trading API✓ · Free historical + websocket APIs

investing

  • IPO investing✓ · UPI-based IPO applications

platforms

  • Mobile app✓ · Upstox Pro
  • Web platform✓ · Upstox Pro Web

Support & company

Customer support

Support channels not yet listed — check the broker's contact page.

Company facts

Founded
2009
Regulation
SEBI-registered stockbroker | Member: NSE, BSE, MCX
Our verdict
Upstox is a solid low-cost alternative to the big two, especially for API users. Confirm current AMC and plan details before opening an account.

How to open a Upstox account

  1. Start your application

    Open the Upstox signup with your mobile number and email — it takes about 10 minutes.

  2. Complete e-KYC

    Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).

  3. E-sign documents

    Digitally sign the account-opening form and nomination details via Aadhaar e-sign.

  4. Get your client ID

    Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.

Start your Upstox application

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Upstox FAQs

Is Upstox good for algo trading?

Yes — Upstox offers well-documented free APIs (historical data + websockets) that developers and algo traders rate highly versus most Indian brokers.

Is Upstox safe?

Upstox (RKSV Securities India Pvt Ltd, SEBI INZ000315837) is a registered broker and member of NSE, BSE and MCX, with demat via CDSL. Shares sit with the depository in your name and funds in segregated client accounts. Market risk remains yours; guard against phishing like at any broker.

What is Upstox AMC and account opening charge?

Account opening is ₹0. Demat AMC is free for the first year (users onboarded from 14-Feb-2025) and ₹300 + GST a year after that for regular accounts; BSDA slabs apply for small single-demat holders. Per-trade brokerage is a flat ~₹20 per order — see the verified fee table above.

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Brokerage history

No price changes recorded since tracking began — current fees verified 13/9/2026. How monthly tracking works →

Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.
Open an account with Upstox

Official site — pricing varies by plan, verify before acting.