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Upstox Review 2026
★★★★★
4.4/51,92,000 reviewsFull Service BrokerEquity Delivery
Zero (Rs.0)
Equity Intraday
Rs.20 or 0.05% whichever is lower
Account Opening
Free (Online, Aadhaar-based)
Annual Maintenance
Rs.0 (No AMC)
About Upstox
Upstox (formerly RKSV Securities) was founded in 2009 and is backed by Ratan Tata, Tiger Global, and GIC Singapore. With 1.2 crore+ active clients and zero AMC, it is the most cost-efficient broker for buy-and-hold investors. The Upstox Pro platform has improved significantly in 2024-25.
Upstox — Pros & Cons
Pros
- Zero delivery brokerage + zero AMC = lowest possible cost
- Backed by Ratan Tata and Tiger Global
- Good mobile app with clean UI
- Fast digital KYC, account opens in minutes
Cons
- Platform has had stability issues during high-volatility
- Customer service can be slow during market hours
- No advisory or research capabilities
IPOGenie's Upstox Review
Upstox is a strong Zerodha alternative with zero delivery charges and no annual maintenance cost — making the total cost of investing literally zero for buy-and-hold investors. The IPO application process is smooth. Good choice if you want to avoid Zerodha's Rs.300 annual demat charge.
Upstox Brokerage Charges 2026
| Segment | Brokerage |
|---|---|
| Equity Delivery | Zero (Rs.0) |
| Equity Intraday | Rs.20 or 0.05% whichever is lower |
| Equity F&O | Rs.20 per executed order |
| Mutual Funds | |
| Account Opening | Free (Online, Aadhaar-based) |
| Annual Maintenance (Demat) | Rs.0 (No AMC) |
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 2009 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, Upstox Pro Desktop. These are available on web browser, iOS, and Android.