What is Upstox?
Upstox is an Indian digital stockbroker offering trading and investing services through its mobile and web platforms.
Best suited for: Active traders and investors.
Key highlights: Trading and Investing Tools and Charting & Order Management.
Upstox Brokerage and Important Charges
The table below focuses on the costs most traders and investors should check first. Brokerage is not the total cost of a trade: taxes, exchange fees and other applicable charges may be additional.
| Charge | Amount |
|---|---|
| Account opening | Free |
| Demat AMC | First year free; thereafter ₹300 + GST for non-BSDA accounts. |
| Equity delivery | ₹20 per executed order |
| Equity intraday | ₹20 or 0.1%, whichever lower per executed order |
| Equity futures | ₹20 per executed order or 0.05% (whichever is lower) |
| Equity options | Flat ₹20 per executed order |
| DP charges on delivery sell | ₹20 + GST / ISIN |
| Call & trade | ₹75 + GST |
| Auto square-off | ₹75 per order on Basic; ₹50 per order on Upstox Plus |
Rates are drawn from the central broker database. Confirm the latest applicable tariff, taxes and account-specific conditions with the broker.
Understanding these charges
Brokerage is the broker's fee for executing a trade. DP charges can apply when shares are sold from a demat account, even where delivery brokerage is zero. AMC is an account maintenance fee that can vary by account category. Traders should also consider auto square-off fees, applicable taxes and financing costs before estimating their total expense.
Upstox Trading Platforms and Services
Upstox combines investing services with web and mobile trading tools. The Upstox app is intended for managing investments and orders on the move, while Upstox Pro offers a more analytical workspace for frequent traders.
Upstox App: Stocks, Funds and IPOs
Investors can use the app to monitor watchlists, view holdings and positions, invest in eligible stocks and mutual funds, and apply for IPOs. Stocks and mutual funds can also be evaluated through available SIP and investment-planning workflows.
Upstox Pro Web and Advanced Charts
Upstox Pro Web supports charts with tick-by-tick data, more than 100 technical indicators and a range of drawing tools. Traders can analyse price trends, review market depth, manage watchlists and use trade-from-chart functionality instead of switching between separate analysis and order windows.
Options Chain, Greeks and Strategy Analytics
For derivatives users, Upstox Pro provides option-chain data, open interest (OI), Greeks, put-call ratio (PCR), max pain and payoff visualisations. These help traders examine positions and possible outcomes, but do not remove market or leverage risk.
GTT, Basket Orders and Trading Controls
Advanced workflows include Good Till Triggered (GTT) orders, basket orders, trailing stop-loss features and supported margin trading and securities pledging. Availability and order rules can differ by product or plan.
Equity, F&O, Currency and Commodities
Upstox serves equity delivery and intraday traders, and provides access to supported futures, options, currency and commodity contracts. Applicable margins and brokerage depend on the instrument and order type; see the live charges table above for tariff details.
Upstox APIs and Additional Investment Services
Upstox also provides trading APIs for eligible developers and supports mutual funds and IPO applications. API-based strategies need careful monitoring, robust risk controls and a review of service terms.
How to Open an Upstox Account
Upstox supports digital account opening for eligible applicants. Follow the current onboarding process and review any account-processing fee shown before submitting your application.
Documents and details to keep ready
- PAN: For identity and tax-related verification.
- Aadhaar and linked mobile number: For applicable digital KYC and e-sign steps.
- Mobile number and email address: For registration and account communications.
- Bank account details: With supporting proof if requested.
- Signature and photograph: Where required during verification.
- Income proof: May be needed for futures, options or other derivatives segment activation.
Account-opening process
- Start registration: Open the Upstox account application using the link below.
- Verify your contact details: Complete the requested mobile and email verification.
- Enter PAN and personal information: Ensure the details match your documents.
- Complete KYC: Follow the identity, address and verification steps shown.
- Add your bank account: Provide bank details and any requested proof.
- Request trading segments: Select eligible segments and supply additional documentation where required.
- Review charges, e-sign and submit: Check the displayed fees and finish the application.
Upstox Pros and Cons
These strengths and limitations focus on platform functionality and the costs a typical self-directed investor or trader may encounter.
Advantages of Upstox
Versatile web and mobile platforms: The Upstox app supports investing and trading, while Upstox Pro Web adds detailed charting and trader-focused workflows.
Advanced technical analysis: Tick-by-tick charts, 100+ indicators, drawing tools and direct chart-based order entry can support active trading decisions.
Useful F&O analytics: The option chain, Greeks, OI, PCR and payoff views help derivatives traders analyse contracts and strategies.
Flexible order management: GTT, basket orders, trailing stop-loss functions and supported pledging facilities extend beyond basic buy-and-sell orders.
Multiple exchange segments: Access to equity, derivatives, currency and commodity products can suit users who trade more than one segment.
Investment products in one ecosystem: Stocks, mutual funds, SIPs and IPO applications support longer-term investment use cases.
API and learning resources: Trading APIs and educational material may help developers and traders who want to deepen their understanding of the platform.
Disadvantages of Upstox
Equity delivery brokerage: Standard delivery orders attract brokerage of ₹20 per executed order, unlike brokers offering zero delivery brokerage.
AMC after the first year: Upstox lists first-year AMC as free for newly onboarded customers, followed by ₹300 + GST per year for standard non-BSDA accounts.
Relatively high DP charges: Selling delivery shares attracts ₹20 + GST / ISIN, above the ₹13.50 + GST comparison threshold we use for editorial disadvantages. DP charges apply across brokers, but the amount varies.
Extra charges for assisted and automatic orders: Call & Trade is listed at ₹75 + GST, and auto square-off costs depend on the Basic or Plus plan.
Who Should Consider Upstox?
Upstox is worth comparing for self-directed investors who want digital access to stocks, mutual funds and IPOs, and for active traders who need equity derivatives or other supported market segments. Investors focused mainly on long-term delivery holdings should compare brokerage and demat AMC with competing brokers. Frequent traders should also evaluate platform tools, support, order execution and the complete cost of trading.
Our Upstox Review Verdict
Upstox combines an accessible investing app with Upstox Pro's stronger charting, derivatives analytics and order-management features. It is worth comparing for users who want both long-term investments and active trading tools. Delivery brokerage, non-BSDA AMC, higher DP charges and plan-specific trading fees make total-cost comparison important.
View additional service and account charges
| Account Opening Charges | Free |
|---|---|
| AMC Charges | First year free; thereafter ₹300 + GST for non-BSDA accounts. |
| DP Charges | ₹20 + GST / ISIN |
| Call & Trade Charges | ₹75 + GST |
| Auto Square-Off Charges | ₹75 per order on Basic; ₹50 per order on Upstox Plus |
| Delayed Payment / Debit Balance | 0.05% per day |
| Intraday Auto Square-Off Time | CAS stocks: 3:10 PM Non-CAS stocks: 3:25 PM F&O (indices and stocks): 3:25 PM Currency: 4:45 PM Commodities: 11:00 PM / 11:25 PM, depending on seasonal market hours and daylight-saving adjustments |
| Payment Gateway / Netbanking | ₹7 per netbanking transaction on Basic; free on Upstox Plus |
| Instant Withdrawal | ₹20 per transaction on Basic; free on Upstox Plus |
| Stock Pledging | ₹20 + GST/scrip |
| Stock Unpledging | ₹20 + GST/scrip |
| API Subscription | Free |
| Off-Market Transfer | ₹20 + GST/ISIN |
| Buyback | Rs 20 + GST per order |
| Take Over | Rs 20 + GST per order |
| Offer for Sale (OFS) | Rs 20 + GST per order |
View additional platform and service specifications
| NRI Accounts | Yes |
|---|---|
| Non-Individual Accounts | Yes |
| Trading API | Yes |
| IPO Applications | Yes |
| Mutual Funds | Yes |
| MTF | Yes |
| Stock Pledging | Yes |
| Web Trading | Yes |
| Mobile App | Yes |
| Platform / App | Upstox |
