Upstox Review 2026: Brokerage Charges, Demat Account, Features, Margin & Ratings
Modern discount broker offering fast trading platforms, flat brokerage and investment products for traders and investors.
Upstox has established itself as one of India's most popular discount brokers by combining affordable brokerage plans with modern trading technology. Whether you're a first-time investor or an active trader, the platform offers access to stocks, derivatives, commodities, currencies, mutual funds, ETFs, and IPOs through a single Trading and Demat account. In this Upstox Review 2026, we evaluate its brokerage charges, trading platforms, account opening process, investment products, features, and overall experience to help you decide if it is the right broker for your investment needs.
One of the biggest reasons investors choose Upstox is its transparent pricing and technology-driven ecosystem. The broker follows a flat brokerage model for most trading segments, making trading costs more predictable. Along with online trading, users can invest in direct mutual funds, IPOs, ETFs, and other financial products without switching between multiple platforms. The paperless account opening process also allows new users to complete registration quickly through online KYC.
Upstox offers trading on major Indian exchanges, including NSE, BSE, and MCX. Its investment portfolio covers equity delivery, intraday trading, futures & options, commodity trading, currency trading, IPO investments, mutual funds, and exchange-traded funds. This wide product range makes it suitable for investors who want to diversify their portfolios while managing all investments from one account.
The broker's technology is one of its strongest advantages. Upstox provides an intuitive web trading platform, a feature-rich mobile application, and developer APIs for algorithmic trading. Investors can access advanced charts, option chain analysis, multiple order types, watchlists, portfolio tracking, price alerts, and real-time market data. Features such as Good Till Triggered (GTT) orders and Margin Trading Facility (MTF) further enhance the trading experience for active market participants.
Opening an Upstox Trading and Demat account is completely online. Investors can complete the registration process by verifying their PAN, Aadhaar, bank account, and other required documents digitally. Once the verification is approved, the account is activated, allowing users to start investing and trading without visiting a physical branch.
From a security perspective, Upstox is a SEBI-registered stock broker and a member of recognized stock exchanges, providing investors with a regulated trading environment. It follows industry-standard security practices, secure login methods, and verification processes to help safeguard customer accounts and transactions.
Upstox is an excellent choice for beginners seeking a simple investment platform as well as experienced traders looking for advanced trading tools. Its competitive brokerage structure, digital account opening, multiple investment options, and technology-focused approach make it one of the leading discount brokers in India. However, before opening an account, investors should compare brokerage charges, trading features, customer support, and investment services with other brokers to determine which platform best matches their financial goals and trading style.
Overall, this Upstox Review 2026 finds that the broker delivers a balanced combination of affordability, ease of use, and advanced trading capabilities. If you are looking for a reliable discount broker with modern trading platforms and access to multiple investment products, Upstox is a strong option worth considering.
About Upstox
Upstox is one of India's leading discount stock brokers, offering online trading and investment services across equities, derivatives, commodities, currencies, mutual funds, IPOs and ETFs. Founded in 2009, the broker focuses on providing technology-driven trading solutions through its web platform, mobile application and developer APIs. Upstox enables investors to manage their portfolio digitally with paperless account opening, real-time market data and a range of investment products. It also offers advanced features such as GTT orders, Margin Trading Facility (MTF) on eligible stocks, and APIs for developers and algo traders.
| Broker type | Discount Broker |
|---|---|
| SEBI Registration | INZ000185137 |
| NSE Member code | 13942 |
| Net worth | Upstox Securities Pvt. Ltd. |
| Year of incorporation | 2009 |
| Account opening charge | ₹0 (Online) |
| Demat AMC | ₹300 + GST/year (applicable after promotional period for eligible accounts) |
Upstox brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | ₹20 per executed order |
| Equity Intraday | ₹20 or 0.1% (whichever is lower) |
| Equity Futures | ₹20 or 0.05% (whichever is lower) |
| Equity Options | Flat ₹20 per executed order |
| Currency F&O | ₹20 or 0.05% (whichever is lower) |
| Commodity F&O | ₹20 or 0.05% (whichever is lower) |
Upstox trading platforms
Upstox Pro Web Web
Browser-based trading platform with market watch, charts, order management and portfolio tracking.
Upstox Mobile App Android & iOS
Mobile trading application for investing and trading across multiple market segments.
Upstox Developer API API
REST APIs and SDKs for algorithmic trading, portfolio management and market data integration.
Upstox Developer Console Web
Platform for creating API applications, authentication and managing developer access.
Upstox pros & cons
Pros
- Flat brokerage model with a maximum brokerage per executed order on eligible segments.
- Paperless online Demat and Trading account opening.
- Feature-rich web and mobile trading platforms.
- Supports investing in Stocks, ETFs, IPOs, Mutual Funds and more.
- Margin Trading Facility (MTF) available for eligible stocks.
- GTT (Good Till Triggered) order facility.
- Developer APIs available for algorithmic trading and third-party integrations.
- Supports multiple order types and advanced charting tools.
Cons
- Call & Trade service is chargeable.
- Physical branch presence is limited compared to traditional full-service brokers.
- Some advanced services and pricing depend on the selected account plan.
- Certain trading facilities are available only for eligible exchanges or approved securities.
Upstox margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | Up to 5x |
| Equity F&O | SPAN + Exposure Margin | 1x |
| Currency F&O | SPAN + Exposure Margin | 1x |
| Commodity F&O | SPAN + Exposure Margin | 1x |
Upstox ratings & reviews
How to open a Upstox account
Visit the Upstox account opening page.
Register using your mobile number and email ID.
Verify your PAN and Aadhaar details through online KYC.
Upload the required documents and bank account details.
Complete Aadhaar-based eSign verification.
After successful verification and approval, your Trading and Demat account is activated and you can start investing or trading.
Upstox complaints (exchange data)
Complaints filed against Upstox at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025–26 | 32,45,678 | 1,245 | 0.038% |
| NSE | 2024–25 | 29,84,112 | 1,086 | 0.036% |
| NSE | 2023–24 | 25,72,901 | 1,214 | 0.047% |
Compare Upstox with other brokers
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