Upstox review

A stock trade costs INR 20 and an options trade costs INR 20. The account itself carries an account fee of INR 150, so the trade charge is only part of what you pay. There is no minimum deposit of INR 0 to start.

There is no minimum deposit of INR 0, which makes Upstox one of the cheapest brokers here to open. You can test the platform with a demo account first, listed among mobile app and demo account, before committing any money to stocks, etfs and forex.

The account covers stocks, etfs and forex, so equities, exchange traded funds, currency, options, futures and funds sit under one login. That breadth suits traders who move between market types rather than sticking to a single asset class.

Upstox runs on Upstox App and Upstox Pro Web, so you can trade from a phone or a desktop browser. Mobile trading and a demo account both appear under mobile app and demo account, which helps if you want to rehearse an order before risking funds.

Support is offered through email, phone and help centre, covering email, phone, a help centre and a community. Insurance claims are narrower: they run through mobile app, so a policy claim is handled in the app rather than by phone or email.

It does. Upstox offers life, auto and health, with premiums starting at INR 17. Cover includes Health cover up to INR 1 crore, and monthly payments are available, so a policy can be arranged alongside an investment account.

Upstox acts as a broker, so it introduces borrowers to lenders rather than lending its own money. The personal loan rate is 13.99% and Money in your account within minutes, with terms of 6 to 60.

Eligibility is limited to Indian citizens residing in India within a stated age band, and applicants can be salaried or self-employed. The lending business sits under Upstox Securities Private Limited, with loan types limited to personal.