Upstox Review 2025: Pros, Cons & Charges
Introduction
Upstox is one of the fastest-growing discount brokers in India, backed by investors like Tiger Global and Ratan Tata. Known for its aggressive pricing and mobile-first approach, Upstox has attracted both new and experienced traders. In this 2025 review, we break down its features, pricing, strengths, and limitations to help you decide if it’s the right broker for you.
Upstox Overview
| Feature | Details |
|---|---|
| Account Opening | Free (Limited-time offers may apply) |
| Brokerage | ₹0 for delivery, ₹20/order for intraday & F&O |
| Trading Platform | Upstox Pro (App & Web) |
| Exchange Support | NSE, BSE, MCX |
| Customer Support | Chat, Email, Phone |
| Account Types | Demat + Trading + Commodity |
Notable Features
- Upstox Pro App – Fast and intuitive with TradingView and ChartIQ charting tools.
- Free Account Opening – Often available with promotional offers.
- Smartlists & Watchlists – Pre-curated lists to help beginners explore stocks.
- Advanced Orders – Includes bracket and cover orders for better risk management.
- Good UI/UX – Sleek and beginner-friendly dashboard and app interface.
Pros and Cons
Pros:
- ₹0 delivery trades and low intraday charges
- User-friendly app with customizable dashboards
- Supports commodity trading (MCX)
- Quick digital onboarding process
- Backed by reputed investors
Cons:
- Occasional app downtime during high volatility
- Lacks detailed educational content compared to Zerodha
- Charges ₹20 per order for F&O (same as peers, but no major pricing edge)
Upstox Brokerage Charges (2025)
| Type | Charges |
|---|---|
| Equity Delivery | ₹0 |
| Intraday & F&O | ₹20/order or 0.05% (whichever is lower) |
| Commodity & Currency | ₹20/order |
| Call & Trade Charges | ₹20/order |
| Demat AMC | ₹150/year |
Who Should Use Upstox in 2025?
- Beginners looking for an easy-to-use mobile app
- Intraday traders who want basic tools and quick order execution
- Cost-conscious investors who want low delivery charges
- Users who prefer clean interfaces and mobile-first platforms
FAQs
1. Is Upstox a safe platform to trade in 2025?
Yes, Upstox is registered with SEBI and is a member of NSE, BSE, and MCX. It uses 128-bit encryption for secure transactions.
2. Does Upstox charge for account opening?
No, account opening is often free, especially during promotional periods.
3. Can I invest in IPOs through Upstox?
Yes, Upstox supports IPO applications via UPI.
4. Is Upstox better than Zerodha?
Depends on your needs. Upstox offers a better app interface, while Zerodha is more stable and content-rich.
5. What is the demat AMC in Upstox?
The annual maintenance charge (AMC) for the demat account is ₹150.
