Broker profile
Upstox Review (2026): Brokerage, Platforms, API & Execution - The Published Facts
Upstox is a Mumbai-based discount broker backed by, among others, Ratan Tata and Tiger Global. It pairs a flat-fee pricing model with a mobile-first platform and a free public API. Its execution-speed figure here (median ≈ 135 ms) is taken from the independent AlgoTest Broker Speedtest. Upstox separately markets "sub-millisecond" latency, but that refers to its internal datastore rather than a full place-order round-trip, so we cite the third-party measured figure instead.
At a glance
Upstox brokerage calculator · Compare Upstox with other brokers
- Type
- Discount broker
- Official website
- https://upstox.com
- Delivery brokerage
- ₹20 or 2.5% per order (whichever is lower)
- Intraday brokerage
- ₹20 or 0.05% per order (whichever is lower)
- F&O brokerage
- ₹20 per order (flat)
- Account opening
- Free (online)
- AMC
- ₹0 first year, then ₹300 + GST per year
- Platforms
- Upstox app, Upstox web (Pro)
- Trading API
- Upstox API - Free (per official developer page) (docs)
- Products
- Equity, F&O, Currency, Commodity, Mutual funds, IPO
- Exchanges
- NSE, BSE, MCX
- Algo support
- Yes - via Upstox API
- Reported execution speed
- ≈ 135 ms (median)
- Margin
- Intraday leverage per SEBI peak-margin rules
- Research
- Basic in-app market insights
Strengths (published)
- Free, documented public API
- Modern app with option-chain and market-depth tools
- Backed by, among others, Ratan Tata and Tiger Global
Limitations
- Delivery trades are not free, unlike several flat-fee rivals
- Fewer desktop/professional tools than some competitors
Who is it best for?
Intraday and options traders who prioritise app speed and a free API.
This profile is compiled only from the sources listed below. Fields marked Not Disclosed mean no verifiable published figure existed at review time - we never estimate or infer. This is information, not investment advice, and this site has no relationship with Upstox.
Frequently asked questions
What brokerage does Upstox charge?
Per its official pricing at our last review: delivery ₹20 or 2.5% per order (whichever is lower); intraday ₹20 or 0.05% per order (whichever is lower); F&O ₹20 per order (flat). Statutory charges apply on top. Verify the current schedule on the official pricing page, as rates change without notice.
Does Upstox offer a trading API?
Yes - Upstox API. Published pricing: Free (per official developer page). See the official documentation for rate limits and terms.
How fast is Upstox's order execution?
The published figure is ≈ 135 ms (median), from a published third-party comparison. It is approximate, not independently audited, and varies with device, network and market conditions.
Who is Upstox best suited for?
Intraday and options traders who prioritise app speed and a free API.
Related brokers
- Zerodha
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- Groww
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- Angel One
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- Dhan
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- Fyers
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- ICICI Direct
Full-service broker (bank-backed)
Head-to-head comparisons
- Upstox vs Zerodha
- Upstox vs Groww
- Upstox vs Angel One
- Upstox vs Dhan
- Upstox vs Fyers
- Upstox vs ICICI Direct
- Upstox vs Kotak Neo (Kotak Securities)
- Upstox vs 5paisa
Sources
- Upstox - official website - https://upstox.com
- Upstox - official pricing page - https://upstox.com/brokerage-charges/
- Upstox - official API page - https://upstox.com/developer/
- AlgoTest Broker Speedtest - https://openbroker.in/ (Independent, live place-order latency measured by AlgoTest and refreshed every 15 minutes during market hours. The figure shown is the median of AlgoTest’s 15-minute measurement windows; latency varies with network path and market conditions.)