Upstox is a SEBI-registered broker and member of NSE and BSE. Your investments are held in a separate Demat account and are not exposed to broker risk. SEBI regulations provide investor protection.

What is Upstox brokerage for delivery?

Upstox charges Zero brokerage for equity delivery trades.

Can I apply for IPO through Upstox?

Yes, Upstox allows IPO applications directly through their trading platform using UPI ASBA. You can apply for both Mainboard and SME IPOs.

Home BrokersUpstox Review

Upstox Review 2026

★★★★★

4.4/518,600 reviewsDiscount Broker

Equity Delivery

Zero brokerage

Equity Intraday

₹20 per order

Account Opening

Free

Annual Maintenance

Free first year, ₹150/year after

IPOGenie Rating

4.4/5

★★★★★

Open Free Account →

100% free · Takes 10 minutes

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About Upstox

Upstox (formerly RKSV) has emerged as one of India's fastest-growing discount brokers, backed by notable investors including Ratan Tata, Tiger Global, and GIC Singapore. The company has democratized trading further with zero-brokerage delivery trades and free account opening. Its focus on technology and user experience has helped it accumulate 1 crore+ customers. Upstox's mobile-first approach resonates particularly well with younger investors.

Upstox — Pros & Cons

Pros

Zero brokerage on equity delivery
Backed by marquee investors including Ratan Tata and Tiger Global
Fast 10-minute digital account opening
Good mobile app with advanced charting
Competitive pricing for active traders

Cons

Trading platform perceived as slightly inferior to Zerodha Kite
Customer support quality inconsistent
Some users report occasional technical glitches
Limited research and advisory services

IPOGenie's Upstox Review

Upstox is a strong Zerodha alternative that earns its place in our top recommendations. Zero delivery brokerage, a credible investor roster, and fast account opening make it especially attractive for first-time investors. The Pro mobile app offers a clean, functional experience though Zerodha's Kite remains marginally superior for active traders. Customer support can be improved. Rating: 4.4/5 — Recommended.

Upstox Brokerage Charges 2026

Segment	Brokerage
Equity Delivery	Zero brokerage
Equity Intraday	₹20 per order
Equity F&O	₹20 per executed order
Mutual Funds	Zero (Direct MF)
Account Opening	Free
Annual Maintenance (Demat)	Free first year, ₹150/year after

FAQs — Upstox

Is Upstox safe for investing?

Upstox is a SEBI-registered stockbroker and member of NSE and BSE. Your investments are held in your Demat account, separate from the broker. SEBI's Investor Protection Fund provides additional safety net. Upstox has been operating since 2011 with a strong track record.

How to open a Upstox account?

Opening a Upstox account is entirely digital and takes about 10-15 minutes. You need: PAN card, Aadhaar card, bank account details, and a smartphone with a camera for video KYC. Visit the official website or app, fill in your details, complete KYC, and your account is typically activated within 24 hours.

Can I apply for IPOs through Upstox?

Yes. Upstox supports IPO applications through UPI ASBA. Simply log into your account, navigate to the IPO section, select the IPO, enter the quantity and UPI ID, and approve the mandate on your UPI app. The application amount is blocked (not debited) until allotment.

What trading platforms does Upstox offer?

Upstox offers the following trading platforms: Upstox Pro Web, Upstox Pro Mobile, CDSL Tpin App. These are available on web browser, iOS, and Android.