If you look forward to opening a Upstox account, you are on the right page. In this Upstox review, I will explain all the essential points you need to know about this demat and trading account platform, including its charges, features, pros and cons, and support. 

Upstox entered the online discount broking industry in 2009, and the trading platform allows you to trade in Stocks, IPOs, Mutual Funds, and Futures & Options. Upstox is a reliable demat account platform with a decent user base and investors like Ratan Tata and Tiger Global. 

Upstox Review – Our Verdict

Upstox Charges

You can open an account with Upstox for free; the platform doesn't charge any Annual Demat Account Maintenance Charges. It gives Upstox an edge over leading online brokers such as Zerodha, Angel One, or ICICI Direct.

Brokerage Charges

Next, it's essential to look at the brokerage charges in Upstox. Here are the Upstox brokerage charges:


Brokerage charges

Equity Delivery

₹20 or 2.5% (whichever is lower) per order on stocks

Mutual Funds

₹0 brokerage Charges

Equity Intraday

₹20 or 0.05% (whichever is lower)

Upstox Demat Account Opening Process

The Online Demat Account Opening Process always seems too intimidating and cumbersome. However, with our step-by-step guide, you can complete the Upstox Account Opening Process in 10 minutes without difficulty. Here are the steps you need to follow:

  • Get to the Upstox official website, enter your Aadhaar-linked mobile number, and complete the OTP verification.
  • After that, you will be asked to create a 6-Digit PIN and note down your PIN and place it safely.  
  • Next, you must verify your email address using the OTP you receive in your Email account.
  • In the next step, you will need to specify your PAN details and Date of Birth; besides, you will have to provide the website with more personal information such as gender, annual income, trading, and experience.
  • You will get an option to activate the F&O segment on the same page.
  • Next, you must accept the Taxpayer Declaration by scrolling down to the bottom of the page.
  • After that, you will need to provide Upstox with your Digital Signature.
  • Next up, you shall be redirected to the DigiLocker website, and you can connect your DigiLocker to Upstox by completing the Aadhaar-linked mobile OTP verification.
  • In the next step, you will be asked to enable your device camera to take your selfie and upload it to Upstox.
  • Next, you need to link your Bank Account to your Upstox account. You must provide Upstox with our Bank Account number and IFSC.
  • Next up, you can opt for the Upstox limited-time account.
  • After that, you must upload your six-month bank statement as income proof to activate the F&O segment. 
  • Next, you will get the option to add a nominee, and you can skip it since you can add it later anytime.
  • Afterwards, you will be taken to the NSDL e-Sign page to enter your Aadhaar card number and complete the OTP verification.
  • Once you e-Sign your document and submit it, you can expect your credentials in your email inbox in 24 to 48 hours.

Upstox Pros and Cons


  • ₹0 charges on Account opening and ₹0 Annual Maintenance Charges
  • Leverage trading 
  • Sensibull Integration
  • Ready-made strategies
  • Advanced order types like GTT order 
  • Decent trading applications with advanced charting tools
  • Excellent support


  • Equity Delivery is not brokerage-free
  • P&L reporting needs to get better

Upstox Features 


UpLearn is Upstox's dedicated platform to impart essential financial education to beginners in investing and trading. The platform offers users fundamental to advanced trading essentials, including technical analysis, fundamental analysis, programmatic trading, and personal finance. You can use the platform for free and make the most of it to improve your trading skills.

Deposits and Withdrawals

Deposits and Withdrawals are seamless in Upstox. You can fund your trading account in just a minute through UPI or Netbanking. Withdrawing funds is equally simple. I have been using Upstox for the past two years and have never faced any problem withdrawing funds from Upstox.

Leverage Trading

Upstox offers leverage trading, meaning you can buy more quantities of equity stocks for intraday trading than your actual funds allow you to buy. It helps you earn more, provided you take good trades. You can get up to 5x leverage on Upstox. 

Trading Applications

It's time to talk about Upstox's applications. Upstox has excellent trading applications across web and mobile devices – Upstox Pro mobile & Upstox Pro web apps. Upstox's trading application comes with lots of insights for traders and investors. 

It offers you the option to choose between Tradingview and ChartIQ charting tools. Besides, it provides multiple time frames and indicators for your analysis. The application also comes with decent fundamental analysis data. Further, users can choose from various order types. 

There is one caveat about Upstox Pro. While the Upstox Pro mobile app works seamlessly, the Upstox Pro web lags sometimes. I prefer using the external Tradingview chart to plan my orders at times like these.

GTT Order

Among the various order types that the Upstox app comes with, the GTT order is an advanced type that can be exceptionally useful for safe trading. You can place stop loss and target using GTT when placing your order. Hence, it can help you maintain good risk-to-reward. 

Ready-made Options Strategies

Upstox is known for its ready-made options strategies for bullish, bearish, volatile, and neutral markets. These strategies come with insights on the probability of profit/loss, fund requirements, interactive pay-off graph, and multi-leg order placement & tracking. Users can win trades with these ready-made strategies. 

Sensibull Integration

Upstox allows users to integrate their Upstox accounts with Sensigull Integration. With Sensibull, users can create and backtest Options strategies with Options analysis tools and Real-time prices. 

Upstox Vs. Competitors

If we consider Upstox's Competitors, Zerodha gives Upstox tough competition. Even though the two trading platforms have a lot of features in common, Zerodha has a leading edge over Upstox in some places. For example, Zerodha has better P&L reporting than Upstox. Besides, Zerodha's web trading interface is faster than Upstox. I have used both platforms and I always felt that order placement is faster on Zerodha than Upstox. Zerodha's KillSwitch is another unique feature that Upstox misses.

Upstox is better than Zerodha in terms of customer support. Upstox's phone support is faster and more responsive than Zerodha's since users need support codes to get executive over the phone. I always feel the support code makes the process unnecessarily lengthy and complicated. Apart from this, Upstox doesn't charge any account opening fee and AMC, unlike Zerodha. If we compare Upstox with trading platforms such as Angel One, or ICICIDirect, it's certainly more reliable.

Dhan is a platform that, despite being a new online trading platform, has advanced features and offers an excellent trading experience. Like Upstox, Dhan doesn't charge any account opening charges and AMC. Besides, Dhan offers APIs for free, unlike Upstox and Zerodha. Further, the platform has many advanced features, such as Trader's Diary and an external Tradingview. Most importantly, Dhan offers exceptional trading experience and support.

Upstox Support

Upstox has the industry's best support team. Upstox offers users excellent technical assistance through live chat, phone, and email. The chat and phone support is exceptionally fast, while the email support is just as good in other trading platforms. With Upstox, you can expect the most reliable customer support service.


Can Upstox be trusted?

Upstox is one of the most reliable trading and investment platforms. Upstox applications come with a lot of insights and are easy to use. Deposits and withdrawals are seamless in Upstox. The platform also comes with exceptional support.

Is Upstox better than Zerodha?

Upstox may not be better than Zerodha, but it's as reliable as Zerodha. Upstox has better support than Zerodha. Besides, Upstox doesn't charge any account opening fee, and AMC, unlike Zerodha. However, Zerodha has better P&L reporting than Upstox. Further, Zerodha has advanced features like KillSwitch, which still needs to be added in Upstox.

Can we make a profit on Upstox?

You can definitely make profits on Upstox as long as you trade wisely. You can make profits on any trading platform, and it has nothing to do specifically with your trading platform. It has to do a lot with your technical and fundamental analysis.

Is Upstox suitable for beginners?

Upstox has a user-friendly interface, and everything is self-explanatory, from funding the trading account to placing orders. Besides, Upstox has a dedicated financial education platform called UpLearn to help beginners become expert traders and investors. Further, the platform has a dedicated support team to assist users with their technical difficulties. 

Is Upstox free or paid?

Upstox is free since the platform doesn't charge any account opening fee. Besides, the platform doesn't charge any AMC. However, the platform does charge brokerage fees, just like other trading platforms. Hence, the platform will charge you for every executed order. 


I have walked you through various aspects of Upstox, including its charges, features, and pros and cons. As you have seen in this Upstox review, Upstox is a reliable trading platform. Besides, it doesn't charge you any fee for account opening. However, Upstox needs to put some thoughts and efforts on making the order placement faster. Hence, you can open an account with Upstox to try its various features.


What types of trading does Upstox support? 

Upstox supports various types of trading, including stock market trading, commodity trading, equity options, currency options, and mutual fund investments. The Upstox trading platform caters to a diverse range of trading preferences.

What is the difference between Upstox and RKSV Securities? 

Upstox was formerly known as RKSV Securities. In 2015, RKSV Securities rebranded itself as Upstox while expanding its offerings and services.

How can I open an Upstox trading account? 

To open demat account with Upstox, you can visit the official Upstox website and follow the account opening process. The platform requires some documents for verification, and you will need to pay Upstox account opening charges.

What sets Upstox's customer support apart from other brokerage firms in the industry? 

Upstox's customer support team strives to go the extra mile to ensure a positive trading and investing experience.

Upstox provides multichannel customer support, allowing customers to seek assistance through various channels, including phone, email, live chat, and social media platforms.

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