Understanding brokerage charges is one of the most important steps before you start investing or trading in the stock market. Many beginners focus only on “₹0 brokerage” offers, but the real cost often includes multiple hidden charges that can impact your profits over time.

In this detailed guide, we will break down Upstox brokerage charges in 2026, including delivery, intraday, F&O, and all additional costs. If you are new to investing, you should first read What Is a Demat Account and How to Start Investing in Stock Market to build a strong foundation.

What is Upstox?

Upstox is one of India’s leading discount brokers offering low-cost trading and investing services. It provides a demat and trading account that allows you to invest in stocks, mutual funds, IPOs, and derivatives.

If you are still deciding which broker to choose, you should also compare Zerodha vs Groww vs Upstox and Upstox vs Angel One to get a complete picture.

Upstox Brokerage Charges (2026)

Upstox follows a flat-fee model, which means it charges a fixed amount per trade instead of a percentage-based brokerage.

Equity Delivery (Long-Term Investing)

Brokerage: ₹0
This means you can buy and hold stocks without paying brokerage.

If your goal is long-term investing, you should also explore Which Demat Account is Best for Long-Term Investment in India?.

Intraday Trading Charges

Brokerage: ₹20 per trade or 0.05% (whichever is lower)

For active traders, brokerage plays a crucial role. You can also check Best Broker for Intraday Trading in India (2026) to compare options.

Futures & Options (F&O)

Brokerage: ₹20 per executed order

F&O trading can generate high returns but also involves higher risk. If you’re new, it’s better to first understand the basics through How to Build a Stock Portfolio for Beginners in India.

Upstox Account Opening Charges

Upstox usually offers competitive account opening charges:

Account Opening: Low or free (depending on offers)
AMC (Annual Maintenance Charges): Around ₹150–₹300 per year

You should compare this with:

Hidden Charges You Must Know

Many beginners only focus on brokerage, but there are several other charges involved.

1. STT (Securities Transaction Tax)

Charged by the government on every trade.

2. Exchange Transaction Charges

Small fees charged by NSE/BSE.

3. GST (18%)

Applied on brokerage and transaction charges.

4. SEBI Charges

Nominal regulatory fees.

5. DP Charges

Charged when you sell stocks from your demat account.

To fully understand all costs, you must read Demat Account Charges Explained (2026 Guide).

Example: Actual Cost Breakdown

Let’s say you buy stocks worth ₹10,000 and sell them later.

Even though delivery brokerage is ₹0, you will still pay:

STT
GST
Exchange charges
DP charges

This is why understanding the full cost structure is important.

You can also estimate your cost using a Brokerage Calculator available on our site.

Upstox vs Other Brokers (Charges Comparison)

While Upstox offers competitive pricing, it’s important to compare it with other brokers.

You can read:

For a full comparison, check Zerodha vs Angel One vs Upstox.

Is Upstox Really Cheap?

Upstox is considered one of the cheapest brokers in India, especially for beginners and investors who prefer low-cost trading.

However, the actual cost depends on:

Your trading frequency
Type of investment
Hidden charges

If you want to minimize costs, also explore Lowest Brokerage Demat Account in India for Beginners (2026).

Who Should Use Upstox?

Upstox is ideal for:

Beginners who want a simple platform
Traders looking for flat brokerage
Investors who want low-cost delivery

If you are just starting, you should also read:

Upstox for SIP & Long-Term Investing

Many beginners don’t realize that after opening a demat account, they can start long-term investing through SIP-style investing in stocks or mutual funds.

To understand this better, read:

You can also use a SIP Calculator and CAGR Calculator to plan your investments.

Pros and Cons of Upstox Charges

Upstox offers ₹0 delivery brokerage and flat ₹20 per trade, making it affordable. However, like all brokers, additional charges still apply.

The platform is cost-efficient for both investors and traders, but frequent traders should always calculate total costs carefully.

Final Verdict

Upstox brokerage charges are simple, transparent, and competitive, making it a great option for beginners and experienced traders alike.

However, choosing a broker should not be based only on charges. You should also consider platform experience, support, and reliability.

If you’re still confused, start with a small investment and learn gradually. You can follow How to Open a Demat Account in India (2026) – Step-by-Step Guide to begin your journey.

FAQs

What is Upstox brokerage for delivery?

Upstox charges ₹0 brokerage for equity delivery.

What are intraday charges in Upstox?

₹20 per trade or 0.05% (whichever is lower).

Are there hidden charges in Upstox?

Yes, charges like STT, GST, and DP charges apply.

Is Upstox good for beginners?

Yes, it is beginner-friendly with low-cost structure.

Upstox Brokerage Charges Explained (2026): Complete Cost Breakdown for Beginners