Upstox Review Review
4.5 (450,000+ ratings) on Google Play
Upstox Review
★★★★★★★★★★5.0
4.5 (450,000+ ratings) on Google Play
Upstox Overview
Upstox is one of Indias largest discount brokers, offering equity, F&O, commodity, currency, and mutual fund investing through a polished mobile-first trading platform. In this Upstox review by thebusinesstrades.com, we look at its account opening, brokerage, platform UX, regulation, and ratings on Google Play, the App Store, and Trustpilot. Upstox is regulated by SEBI, NSE, BSE, and MCX, with backing from Ratan Tata, Tiger Global, and GVK Davix, and serves over 12 million customers across India. Upstox Pro Web and the Upstox mobile app cover live charts, F&O strategies, basket orders, smart orders, and IPO applications, with brokerage starting at zero on equity delivery and ₹20 per executed order on intraday and F&O.
Our analysis of public Upstox reviews shows the platform holds a 4.5/5 rating across 450,000+ Google Play ratings and a 4.5/5 on the iOS App Store. Reviewers most often praise the speed of order execution, the polished mobile UX, the reliable login experience during volatile market hours, and the responsive customer support team. For Indian retail investors and active traders looking for a SEBI-regulated discount broker with low brokerage and a strong mobile app, Upstox is one of the most trusted choices in 2026.
Upstox Features – What You Get?
Upstox packages a complete retail-trading and investing experience around a polished mobile app and Pro Web platform. Equity delivery, intraday, F&O, commodity, currency, mutual funds, and IPO applications all live in one account. Upstox supports basket orders, GTT (good-till-triggered) orders, F&O strategy templates, smart orders, technical charts, and live news from Reuters and Bloomberg. What separates Upstox from rival discount brokers is the combination of investor backing, mobile-first UX, and the breadth of Pro Web charting tools. Most Indian discount brokers compete on price; Upstox competes on price plus polish, with consistent reviews praising the apps stability and design.Equity delivery with zero brokerage
Intraday and F&O at flat ₹20 per executed order
Commodity and currency trading
Mutual fund investing with zero commission
IPO applications and SIP setup
Basket orders and GTT (good-till-triggered) orders
F&O strategy templates and smart orders
Live Reuters and Bloomberg news in-app
Mobile apps for iOS and Android plus Pro Web platform
SEBI, NSE, BSE, and MCX regulated
Top Upstox Services
Equity Delivery (Zero Brokerage)
Intraday and F&O Trading (Flat ₹20)
Commodity and Currency Trading
Direct Mutual Funds (Zero Commission)
IPO Applications and SIP Setup
Pro Web Charting Platform With F&O Strategies
Mobile Apps for iOS and Android
SEBI, NSE, BSE, and MCX Regulated
Upstox is more than a stockbroker — it bundles a full retail investing and trading suite for Indian investors. Alongside the core equity and F&O platform, Upstox offers commodity and currency trading, direct mutual funds, IPO applications, SIP setup, and a Pro Web charting platform with F&O strategy templates.
Based on our research of Upstox reviews on Google Play and the App Store, customers most often credit Upstox with mobile-app reliability, low brokerage, and the breadth of investment products available from a single account.
Upstox Price Plans
Upstox uses a discount-broker pricing model with no monthly subscription. Brokerage is per executed order, with most regulatory and exchange charges passed through transparently in contract notes.
Equity Delivery
Zero brokerage. Only regulatory and exchange charges apply.
Intraday Equity
Flat ₹20 per executed order or 0.05%, whichever is lower.
F&O (Futures and Options)
Flat ₹20 per executed order regardless of trade size.
Commodity and Currency
Flat ₹20 per executed order.
Mutual Funds
Zero commission on direct mutual fund investing through Upstox.
Account Opening
Free or promotional pricing depending on current offers — verify the latest fees on Upstox official pages.
Pros and Cons of Upstox
Pros ✅ Zero brokerage on equity delivery ✅ Flat ₹20 on F&O and intraday ✅ Polished mobile app with reliable execution ✅ Direct mutual fund investing with zero commission ✅ 4.5/5 across 450,000+ Google Play ratings Cons ❌ Occasional login slowness during extreme volatility ❌ Phone support secondary to chat and email ❌ Some account opening offers have limited-time validity ❌ F&O exchange transaction charges and STT are pass-through ❌ Pro Web learning curve steeper than mobile appWhat real users say
Verified Google Play reviewer • February 25, 2026
Upstox has been my main trading app for two years now. The chart engine is responsive even on weak networks, the brokerage on equity delivery is zero, and intraday charges of 20 rupees per executed order are very reasonable. Fund transfers via UPI clear in seconds. The mutual fund and IPO sections are well-built. The only downside is occasional slowness during volatile market opens, but that is true of every broker. Solid choice for Indian retail traders.
EASE OF USE5.0
VALUE FOR MONEY4.0
CUSTOMER SUPPORT4.0
FUNCTIONALITY4.0
Top Upstox Alternatives
If Upstox isn't the right fit, these are the alternatives most often compared against it:
Zerodha
India's largest discount broker.
Groww
Beginner-friendly investing app.
Angel One
Full-service broker with flat fees.
ICICI Direct
Bank-backed full-service brokerage.
Frequently Asked Questions
Upstox is one of Indias largest SEBI-regulated discount brokers, serving over 12 million customers. This section answers the most common questions based on our research of public Upstox reviews on Google Play, the App Store, and Trustpilot.
Q. Is Upstox regulated and safe?+
Yes. Upstox is regulated by SEBI and is a registered member of NSE, BSE, and MCX. It is backed by investors including Ratan Tata, Tiger Global, and GVK Davix and serves over 12 million customers in India.
Q. What is the brokerage on Upstox?+
Equity delivery is zero brokerage. Intraday and F&O are charged at flat ₹20 per executed order. Commodity and currency are also flat ₹20 per executed order. Mutual funds are zero commission.
Q. Can I invest in mutual funds on Upstox?+
Yes. Upstox offers direct mutual fund investing with zero commission, plus SIP setup and goal-based portfolios.
Q. Does Upstox support IPO applications?+
Yes. You can apply for IPOs through the Upstox app using UPI, with status tracking and allocation notifications inside the app.
Q. Is the Upstox app reliable during market hours?+
Most days the app is reliable. Like all Indian brokers, occasional login slowness can occur during extreme market volatility — this is industry-wide and not Upstox-specific.
Q. How long does Upstox account opening take?+
Account opening through Aadhaar e-KYC is typically completed in 24–48 hours, depending on document verification.
Q. Are Upstox reviews on Google Play positive?+
Yes. Upstox holds a 4.5/5 rating across 450,000+ Google Play ratings and a 4.5/5 on the iOS App Store. Reviewers most often praise execution speed, mobile UX, and brokerage transparency.
Q. Does Upstox offer F&O strategy templates?+
Yes. Pro Web and the Upstox mobile app include pre-built F&O strategy templates for spreads, condors, and butterflies, with one-click order placement.
Q. Can I use Upstox on desktop?+
Yes. Upstox Pro Web is the desktop charting and trading platform with full F&O capabilities, technical charts, and integrated news feeds.
Q. Who should use Upstox?+
Upstox fits Indian retail investors and active traders who want a SEBI-regulated discount broker with low brokerage, a polished mobile app, and access to equity, F&O, commodities, currency, mutual funds, and IPOs from one account.
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