Upstox review

Each stock trade costs INR 20. There is also an account fee of INR 150. The brand follows a low fee model, so costs sit in a predictable place rather than varying by size of trade.

The minimum deposit is INR 0, so an account can be opened and funded with a small starting amount. That makes it the most open entry point among the brokers compared here, and it ranks 1 of 213 brands on this measure.

An options contract costs INR 20 on Upstox, and futures sit in the same product range. The stocks, etfs and forex list also carries stocks, ETFs, forex and funds, so a single account covers cash and derivative trades.

Trading runs through Upstox App and Upstox Pro Web, so one account works on a phone and on a desktop browser. The mobile app is the main route in, and a demo account lets a new user place practice orders before any real money goes in.

On minimum deposit it ranks 1 of 213 brands, the strongest showing of its three cost measures. On account fee it sits at 106 of 138, and on stock trade fee at 99 of 161.

The account fee is INR 150, and most brands on the comparison charge nothing: the median is €0 and the upper quartile €0. So this fee is the main thing to weigh against the flat trade charges.

It suits traders who want a low cost broker with a INR 0 entry point and a mobile app. Beginners can use the demo account, and more active traders get options and futures in the stocks, etfs and forex list from the same account.