To unlock this trophy, you must purchase all the Character Upgrades, as well as all of the Web/Suit Upgrades. You will need to reach level 21 in order to have enough points for all the Character Upgrades, and you will collect more than enough Tech Pieces throughout the game to afford all of the Web/Suit Upgrades. Buy all of these, and the trophy will unlock.
Potentially Glitched – It has been reported that people have not received all of the upgrades as they play through the game, such as the Spider-Tracer upgrade that is meant to unlock at a certain point. There is currently no known fix for this glitch.