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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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Where does Upstox rank for your style?

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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.

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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.