Upstox Review 2026: Brokerage Charges, Safety & Features
Upstox is one of India’s most widely used discount stockbroking platforms, reflected in its 4.3/5.0 overall review score in this assessment, offering a full-featured trading environment for both long-term investors and high-frequency derivative traders. Originally incorporated in 2009 as RKSV Securities India Private Limited, the platform provides trading and investment access across Indian equities, futures and options, currencies, commodities, IPOs, and mutual funds.
This Upstox review 2026 evaluates Upstox across statutory compliance, fee structures, trading technology, deposit mechanisms, and support quality to help you decide if it aligns with your financial goals.
Upstox Overview
- Broker Type: Discount Stock Broker
- Founding Year: 2009 (as RKSV Securities India Pvt. Ltd.)
- Depository Participant: CDSL (CDSL Reg. No. IN-DP-761-2024)
- Active Client Base: Over 20 million registered traders and investors across India
- Official Website: Upstox
Note: This link leads to the platform’s specifications page only. This website does not offer account opening or direct financial transaction services. Investing carries significant risk — please verify the legal status in your own country before use.
Disclaimer: This website’s content is provided for informational and educational purposes only. Upstox is a business duly licensed and registered with the Securities and Exchange Board of India (SEBI) (SEBI Reg. No. INZ000315837). Investing in securities and derivatives is regulated by SEBI, but investing carries risk from market volatility, and investors may lose their entire capital. Please read the prospectus and assess your risk before investing.
Pros and Cons of Upstox
Pros
- Comprehensive Asset Access: Offers execution across equity delivery, intraday, stock & index F&O, currency derivatives, commodities, mutual funds, and IPOs on a single portal.
- Advanced Charting Tools: Integrates TradingView and ChartIQ library charts with over 100 indicators and direct order placement from charts.
- Developer REST API: Features a free subscription for the Upstox Developer API to build, test, and execute algorithmic trading strategies.
- Transparent Option Brokerage: Charges a flat ₹20 per executed order for equity, currency, and commodity options.
- Zero Annual Maintenance Charge (AMC) Options: Provides ₹0 AMC for Basic Services Demat Accounts (BSDA) holding portfolio values under ₹4,00,000.
Cons
- Delivery Brokerage Fees: Charges ₹20 per executed order or 0.1% (whichever is lower) on equity delivery trades, unlike brokers that offer flat zero brokerage on delivery.
- Net Banking Fee: Imposes a ₹7 convenience fee per fund transfer via net banking payment gateways.
- Peak Market Delays: Occasional UI latency and order status update lags during extreme market volatility sessions.
- Depository Sell Fee: Charges a DP charge of ₹20 + GST per scrip per day on equity delivery sell orders.
Upstox Review Score
| Category | Score | Notes |
|---|---|---|
| Safety and Regulation | 4.6/5.0 | Registered with SEBI, member of NSE, BSE, and a depository participant with CDSL |
| Pricing and Fees | 4.2/5.0 | Transparent flat ₹20 fee model; equity delivery incurs up to ₹20 per order |
| Deposits and Withdrawals | 3.6/5.0 | Free instant UPI funding; net banking incurs ₹7 gateway fee |
| Range of Tradable Assets | 4.4/5.0 | Covers Equities, F&O, Currency, Commodities, IPOs, and Mutual Funds |
| Platform Quality | 4.2/5.0 | High-performance Upstox Pro web/app with TradingView integration and free APIs |
| User Experience and Interface | 4.4/5.0 | Clean dual-mode UI (“Invest” and “Pro”), quick online KYC onboarding |
| Account Types & Min Deposit | 5.0/5.0 | Zero minimum deposit requirement; supports BSDA and Standard Demat accounts |
| Learning Resources | 4.4/5.0 | Upstox Learn provides structured courses, market insights, and option analytics |
| Service and Support | 4.4/5.0 | Customer care available via phone, email, and 24/7 AI chatbot assistance |
| Overall Score | 4.3/5.0 | SEBI Registered — Full Uncapped Score |
This Upstox review rating reflects our independent assessment at the time of publication and does not constitute financial, investment, or trading advice. Broker offerings, fees, and regulatory status may change — please verify directly with the broker before deciding. Monetyra is not a SEBI-registered investment adviser; Indian users should consult a SEBI-registered adviser before making any investment decision.
Please verify directly with the broker before deciding. Monetyra is not a SEBI-registered investment adviser; Indian users should consult a SEBI-registered adviser before making any investment decision
Safety and Regulation
Upstox operates through Upstox Securities Private Limited and is regulated by India’s financial authorities:
- SEBI Registration: SEBI Reg. No. INZ000315837
- NSE Member Code: 13942
- BSE Member Code: 6155
- Depository Participant: CDSL Reg. No. IN-DP-761-2024
To verify the credentials of intermediaries operating in Indian capital markets, traders can review our guide on SEBI Registered Investment Advisors. Conducting a complete Upstox company review involves assessing both compliance history and investor asset protections.
Because Upstox holds direct trading memberships with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), client orders route straight into official exchange matching engines. All investor demat holdings reside directly with Central Depository Services (India) Limited (CDSL) in segregated Demat accounts under the user’s PAN. This operational architecture ensures that your shares remain ring-fenced and protected even in the unlikely event of broker insolvency.
Range of Tradable Assets
Upstox provides retail market participants access to key market segments on major Indian exchanges:
- Equity Segment: Cash delivery and intraday equity trading on NSE and BSE.
- Futures & Options (F&O): Index and stock futures and options contracts.
- Currency Derivatives: Currency pair derivatives on USDINR, EURINR, GBPINR, and JPYINR.
- Commodities: MCX derivative trading across Bullion, Energy, and Metals.
- Mutual Funds: Commission-free direct mutual fund investments.
- Initial Public Offerings (IPO): Online UPI-based application facility for mainboard and SME IPOs.
Deposits and Withdrawals
Upstox supports electronic fund transfers linked directly to registered primary bank accounts.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| UPI (Unified Payments Interface) | ₹0 | N/A | Instant credit |
| Net Banking Gateway | ₹7 per transfer | N/A | Instant credit |
| NEFT / RTGS / IMPS | ₹0 | N/A | 1 to 3 hours |
| Standard Withdrawal (NEFT/IMPS) | N/A | ₹0 | Same-day batch cut-offs |
| Instant Withdrawal | N/A | ₹0 | Within 15 minutes (9 AM to 4 PM on trade days) |
Source: Upstox official brokerage charges page — Verified as of: 10/08/2026
Note for Indian Traders: All fund transfers into Upstox must originate strictly from bank accounts linked and verified under your Demat profile. Third-party transfers are rejected automatically by gateway compliance engines.
Pricing and Fees
Upstox uses a flat-fee discount brokerage model across market segments. Traders looking to evaluate cost efficiency can compare these charges against overall market rates detailed in our guide on Intraday Brokerage Charges.
| Segment | Brokerage Fee | Suitable For |
|---|---|---|
| Equity Delivery | ₹20 per order | Long-term investors |
| Equity Intraday | ₹20 per order or 0.1% (whichever is lower) | Active day traders |
| Equity Futures | ₹20 per order or 0.05% (whichever is lower) | Derivative position holders |
| Equity Options | Flat ₹20 per executed order | Options buyers and sellers |
| Currency Futures | ₹20 per order or 0.05% (whichever is lower) | Forex risk hedgers |
| Currency Options | Flat ₹20 per executed order | Currency option traders |
| Commodity Futures | ₹20 per order or 0.05% (whichever is lower) | Commodity hedgers |
| Commodity Options | Flat ₹20 per executed order | Commodity option traders |
Source: https://upstox.com/brokerage-charges/ — Verified as of: 10/08/2026
Additional Statutory Charges: Demat DP charge is ₹20 + GST per scrip per day on equity delivery sell orders. Standard statutory taxes, including STT/CTT, Exchange Turnover Fees, SEBI Turnover Charges, Stamp Duty, and 18% GST apply as mandated by regulatory authorities.
Account Types & Min Deposit
Upstox offers structured account tiers based on investor needs and portfolio values.
| Account Feature | BSDA (Basic Services Demat Account) | Standard Demat Account |
|---|---|---|
| Minimum Initial Deposit | ₹0 | ₹0 |
| Account Opening Fee | ₹0 | ₹0 |
| Account Maintenance Charge (AMC) | ₹0 (Holding value < ₹4 Lakhs), or Max ₹100/yr (Holdings ₹4 Lakhs – ₹10 Lakhs) | ₹150 per year |
| Holding Value Threshold | Up to ₹10 Lakhs (no AMC up to ₹4 Lakhs; capped at ₹100/yr thereafter) | Unlimited portfolio value |
| KYC Requirements | PAN, Aadhaar, Bank Proof, IPV | PAN, Aadhaar, Bank Proof, Income Proof (for F&O) |
Source: Upstox official brokerage charges page — Verified as of: 10/08/2026
Opening a Demat account requires submission of SEBI-mandated identification proofs. You can review documentation rules in our guide on KYC for Demat Account.
Platform Quality
Upstox offers multi-device trading infrastructure tailored to varying operational needs.
Upstox Pro Web
The web application provides advanced charting capabilities powered by TradingView and ChartIQ engines. Traders can deploy 100+ technical indicators, trade directly from chart layouts, analyze multi-leg option strategies, and access 5-depth order books.
Upstox Pro Mobile App
Available on Android and iOS platforms, the mobile app features customizable watchlists, GTT (Good-Till-Triggered) order types, real-time price alerts, option chain analytics, and biometric security verification.
Upstox Developer API
For quantitative and systematic traders, the Upstox Developer API suite enables automated order placement, WebSocket live market data streams, historical candle downloads, and portfolio management.
User Experience and Interface
Upstox emphasizes user-friendly digital navigation for both beginners and active traders.
Onboarding & KYC
Account opening is completely paperless using Aadhaar e-Sign. Applicants uploading valid PAN, Aadhaar, bank details, and income statements (for derivative segment activation) typically gain trading access within 24 hours.
Navigation Modes
The interface allows users to toggle between a simplified “Invest” mode (tailored for direct Mutual Funds and delivery stock investments) and a “Pro Trading” mode (tailored for technical charting and derivative order books).
Learning Resources
Upstox offers educational materials through its dedicated learning hub:
- Upstox Learn Portal: A knowledge portal containing structured articles, video guides, and market webinars covering stock market fundamentals, chart patterns, and risk management.
- Option Strategy Builders: Built-in tools explaining option Greeks (Delta, Gamma, Theta, Vega) and multi-leg strategies with payoff diagrams.
- Daily Market Insights: Daily market news, pre-market technical briefings, and sector performance updates.
Service and Support
Upstox provides customer service via digital and voice assistance channels:
- Email Support: [email protected]
- Phone Helpline: 022-41792999 / 022-69042299
- Support Hours: Trading days from 8:00 AM to 5:00 PM
- AI Chatbot: 24/7 automated portal assistance
Final Thoughts on Upstox Review
Upstox presents a competitive discount broking solution for Indian market participants. Its strength lies in robust charting tools, flat-fee options pricing, free developer API access, and zero initial account opening costs.
Evaluating feedback across an Upstox review shows that while flat delivery fees and net banking transaction charges apply, its technology framework and regulatory compliance establish it as a reliable broker for retail traders and long-term investors alike.
Past reliability and current regulatory standing do not guarantee future service quality or returns — please verify current terms directly with Upstox before opening an account.
FAQs
Upstox is a SEBI-registered discount stockbroker in India (SEBI Reg. No. INZ000315837) providing online investment services across equities, futures, options, currencies, commodities, mutual funds, and IPOs.
To close an Upstox account, clear all outstanding ledger balances, sell or transfer all Demat share holdings, square off open derivative positions, and submit a digital account closure request via the Upstox web portal or mobile app using Aadhaar e-Sign.
Yes, Upstox app review analysis shows high user satisfaction due to its dual-mode interface, allowing new investors to start in simplified “Invest” mode before transitioning to advanced “Pro” charting features.
An Upstox review highlights the broker’s SEBI regulatory status (INZ000315837), backing by prominent global investors, transparent flat ₹20 brokerage model, and free developer APIs.
Upstox charges ₹0 AMC for BSDA holdings under ₹4 Lakhs in portfolio value, or max ₹100/yr when holdings are ₹4 Lakhs – ₹10 Lakhs. Standard non-BSDA Demat accounts incur an annual maintenance charge of ₹150 per year.
Full Disclaimer: This review is published strictly for educational and informational purposes and does not constitute financial, investment, or trading advice. Monetyra is not a SEBI-registered investment advisor. Stock trading and derivative investments involve substantial financial risk, including the possible loss of principal capital. Readers must verify current fee schedules, regulatory filings, and account terms directly on Upstox’s official platform and consult a qualified financial advisor prior to opening an account or executing market transactions.
This article was created with AI assistance and reviewed by our editorial team.