Upstox
Indian discount broker app for stocks, F&O, commodities, mutual funds and IPOs.
Updated · AppBreakup editorial · Web, Android, iOS
Is Upstox free?
Free plan, plus paid plans
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About Upstox
Upstox is a Mumbai-based discount broker whose app and web platform let Indian investors trade stocks, futures and options, currencies and commodities, and invest in mutual funds, IPOs and US stocks. It got its broking licence in 2010, and it now says more than 2 crore Indians use it. Pricing follows the flat-fee model: equity delivery, intraday and F&O orders cost up to ₹20 per executed order, while mutual funds and IPO applications have no brokerage and there's no account maintenance charge for the first year. Traders can switch between Upstox's own charts and a built-in TradingView chart, use option chains and screeners, and connect their own code through a trading API and the Algoverse algo platform. Uplearn courses and webinars cover the basics for new investors. Upstox runs on Android, iOS and the web, and it is one of the main alternatives to Zerodha for people who want low, predictable fees.
Best for: Indian traders who want flat-fee F&O trading with TradingView charts and API access.
Upstox pricing (checked Nov 8, 2026)
Each line is quoted from Upstox's own site, with the page it came from.
| Plan or term | What it says | Checked | Source |
|---|---|---|---|
| Equity delivery brokerage | ₹20 per executed order | Nov 8, 2026 | upstox.com |
| Mutual funds and IPOs | ₹0 brokerage | Nov 8, 2026 | upstox.com |
| Account maintenance | ₹0 in the first year, then ₹300 + GST (non-BSDA) | Nov 8, 2026 | upstox.com |
| Equity options brokerage | Flat ₹20 per executed order | Nov 8, 2026 | upstox.com |
Pros and cons
What works
- Flat ₹20 maximum brokerage per order across segments
- No brokerage on mutual funds and IPOs
- TradingView charts and a trading API built in
Why people leave
- Equity delivery trades cost ₹20 per order, not free
- Account maintenance charge applies after the first year
- No research or stock advisory like a full-service broker
Upstox vs Zerodha Kite, Groww and Angel One
From each app's listing and the prices verified on its own site. A dash means we haven't verified it yet.
| Attribute | Upstox | Zerodha Kite | Groww | Angel One |
|---|---|---|---|---|
| Pricing | Free plan + paid | Free plan + paid | Free plan + paid | Free plan + paid |
| Verified price | — | — | — | Lower of ₹20 or 0.1% per executed equity order |
| Free plan | Yes | Yes | Yes | Yes |
| Open source | No | No | No | No |
| Self-hostable | No | No | No | No |
| Platforms | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS | Web, Android, iOS |
Full Upstox vs Zerodha Kite comparisonFull Upstox vs Groww comparisonFull Upstox vs Angel One comparison
Top Upstox alternatives
See all 3- 1
Zerodha Kite68.8Free equity delivery trades and a long track record, with 20-level market depth for active traders.
- 2
Groww64.8No account maintenance charge at all and a simpler app for mutual fund and stock investors.
- 3
Angel One61.8Adds research reports and advisory from a full-service broker with a large branch network.
Why people left Upstox
In reviewers' own words, from reviews of the apps they moved to. These are their opinions, not ours.
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Upstox: common questions
What is Upstox?
Upstox: Indian discount broker app for stocks, F&O, commodities, mutual funds and IPOs. Best for indian traders who want flat-fee F&O trading with TradingView charts and API access. Available for Web, Android and iOS.
Is Upstox free?
Upstox has a free plan and paid plans.
How much does Upstox cost?
Upstox is free with paid plans. Equity delivery brokerage: ₹20 per executed order; Mutual funds and IPOs: ₹0 brokerage; Account maintenance: ₹0 in the first year, then ₹300 + GST (non-BSDA); Equity options brokerage: Flat ₹20 per executed order. Checked on Upstox's own site, November 2026.
Is Upstox open source?
No, Upstox is not open source.
What platforms does Upstox run on?
Upstox is available for Web, Android and iOS.
What are the best alternatives to Upstox?
The highest-ranked Upstox alternatives right now are Zerodha Kite, Groww and Angel One. See the full ranked list for pricing, platforms and verified facts.
Upstox vs Zerodha Kite: what's the difference?
Both Upstox and Zerodha Kite are free with paid plans. Both run on Web, Android and iOS.