Leverage: Margin Trading
Regulation: SEBI
Min. Deposit: $0
HQ: India
Platforms: Upstox Pro Web, Mobile, NEST Desktop, Upstox Developer Trading Platforms, TradingView
Found in: 2009
Upstox is an Indian-based Stock trading firm that allows users to trade in stocks, mutual funds, commodities, currencies, and more through its online trading platforms.
Based on our research, the broker is regulated by the Securities and Exchange Board of India (SEBI), which oversees various aspects of stock trading and brokerage operations to ensure transparency and protect investors’ interests.
Overall, the firm aims to make trading accessible and convenient for investors by offering a user-friendly interface and various tools for analysis.
Yes, Upstox is a Stock Trading brokerage firm. It provides a platform for individuals to buy and sell various financial instruments, including stocks, mutual funds, bonds, commodities, futures, options, and currencies. Users can trade online through Upstox’s platforms, and the company facilitates these transactions as a broker, connecting investors with the stock market.
Per our findings, the broker comes with its set of pros and cons. On the positive side, it offers a user-friendly interface, making it accessible for both beginners and experienced traders. The platform provides advanced charting tools and analytical features for in-depth market analysis. Moreover, Upstox is known for its competitive brokerage rates, which can be appealing to cost-conscious investors.
For the cons, some users have reported occasional technical and server issues, which could be a drawback for those who require seamless and uninterrupted trading experiences. Additionally, the broker lacks a top-tier license, which could be a concern for traders who prioritize brokers with higher regulatory credentials.
| Advantages | Disadvantages |
|---|---|
| $0 minimum deposit | No top-tier license |
| Trading Platforms | Some reported technical and server issues |
| Trading Products | |
| Direct Market Access | |
| Competitive trading conditions | |
| Charting tools and analytical features | |
| Learning materials | |
| User-friendly interface | |
| Secure investing environment |
| 🏢 Headquarters | India |
| 🗺️ Regulation | SEBI |
| 🖥 Platforms | Upstox Pro Web, Mobile, NEST Desktop, Upstox Developer Trading Platforms, TradingView |
| 📉 Trading Products | Stocks, Mutual Funds, Bonds, Commodities, Futures, Options, ETFs, Currencies |
| 💰 Stock Commission | From ₹20/$0,24 |
| 🎮 Paper Trading/ Demo Account | Available |
| 💳 Minimum Deposit | $0 |
| 💰 Base Currencies | EUR, USD, GBP, INR |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
According to our analysis, the broker has gained popularity in the Indian stock brokerage industry, providing a user-friendly platform, competitive brokerage rates, and a comprehensive range of financial instruments.
However, we recommend considering the specific investment needs, preferences, and potential limitations of the platform before making a decision.
| Ranking | Upstox | E-Trade | TradeStation |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Brokerage Rates | Trading Conditions | Trading Platforms |
While the broker offers a competitive trading environment for investors, other stock trading firms may offer additional benefits such as a wider range of trading products, trading platforms, etc. So, we have compiled a list of alternatives for you to consider.
No, Upstox is not a scam. It is a reliable Stock trading broker that follows the rules and guidelines established by the Securities and Exchange Board of India. This authority oversees the brokerage operations to ensure transparency and protect investors’ interests.
Yes, Upstox is a legitimate and regulated investing firm. It is regulated and authorized by SEBI (India), which has a good reputation in the financial market.
However, the broker lacks a top-tier license and operates under a single regulatory body, which could be a drawback for some traders seeking accounts with multiple regulatory authorities.
See our conclusion on Upstox Reliability:
| Upstox Strong Points | Upstox Weak Points |
|---|---|
| Professional investing environment | No additional or top-tier license |
| Member of NSE, BSE, MCX, and CDSL | |
| Two-factor authentication |
Upstox adheres to the regulations set by SEBI and employs secure and encrypted technologies to protect user data and financial transactions, enhancing the overall security of the trading experience.
However, traders should also be proactive in implementing security features such as two-factor authentication and staying informed about best practices to further enhance their trading protection.
Upstox offers margin trading facilities, allowing users to trade with borrowed funds, and amplifying their market positions.
The margin calculator provided by the broker helps investors determine the margin requirements for their trades by considering factors such as stock volatility and market conditions.
Upstox Margin Levels are offered according to the SEBI regulation:
Based on our findings, the broker primarily offers two types of trading accounts: Securities and Commodities. The Securities account allows users to trade in equities, currencies, futures, options, etc., while the Commodities account facilitates trading in commodities like gold, silver, commodity futures, options, and more.
| Pros | Cons |
|---|---|
| Fast and easy account opening | None |
| No minimum deposit |
Opening an account with a broker is considered quite an easy process, as you can log in and register within minutes. Just follow the opening account or Upstox login page and proceed with the guided steps:
The broker offers a diverse range of trading products, including Stocks, Upstox Mutual Funds, Bonds, Commodities, Futures, Options, ETFs, and Currencies. This diverse selection enables investors to diversify their portfolios and engage in various trading strategies based on their financial goals and risk preferences.
According to our findings, the firm is known for its competitive fee structure, offering cost-effective solutions for online trading. The broker has different fee structures for equity, commodity, and currency trading, including brokerage fees, Upstox share price, and other charges.
| Fees | Upstox Fees | E-Trade Fees | TradeStation Fees |
|---|---|---|---|
| Deposit fee | Yes | Yes | Yes |
| Withdrawal fee | Yes | Yes | Yes |
| Inactivity fee | Yes | No | Yes |
| Investment Plans | Yes | Yes | Yes |
| Fee ranking | Low/Average | Average | Average |
Based on our test trade, Upstox trading commission is typically applied per transaction and can vary based on the type of asset being traded, such as equities, commodities, or currencies.
As fees and commissions can be subject to change, users should check the broker’s official website or contact customer support for the latest and most accurate information regarding trading commissions.
| Asset/ Pair | Upstox Commission | E-Trade Commission | TradeStation Commission |
|---|---|---|---|
| Stocks Fees | From ₹20 | From $0 | From $0 |
| Fractional Shares | No | No | No |
| Options Fees | From ₹20 | From $0,65 | From $0,60 |
| ETFs Fees | From ₹20 | From $0 | From $0 |
| Free Stocks | No | Yes | Yes |
We found that the broker follows the trading hours set by the respective exchanges for different asset classes. For equity trading on Indian stock exchanges like NSE and BSE, the regular market hours typically run from 9:15 AM to 3:30 PM, Monday to Friday.
Commodities trading hours may vary depending on the commodity exchange. Traders should be aware of the specific trading hours for the asset classes they are interested in and check for any changes or updates, as market hours can be subject to adjustments based on regulatory decisions or other factors.
The broker provides various funding methods to facilitate deposits into users’ trading accounts. These methods typically include online bank transfers, net banking, Google Pay, Cheque, and the Unified Payments Interface (UPI).
Additionally, users can use the National Electronic Funds Transfer (NEFT), Real-Time Gross Settlement (RTGS), or Immediate Payment Service (IMPS) to fund their Upstox accounts.
Here are some good and negative points for Upstox funding methods found:
| Advantage | Disadvantage |
|---|---|
| Fast digital deposits | No credit/debit cards for funding |
| Variety of funding methods |
The broker does not have a mandatory minimum deposit requirement. Users can open an account and start trading with the amount they find suitable.
Upstox minimum deposit vs other brokers
| Upstox | Most Other Brokers | |
| Minimum Deposit | $0 | $500 |
Per our analysis, the broker allows traders to withdraw funds from their trading accounts through a straightforward process. Users can initiate withdrawals through the platform, and the funds are typically transferred to the registered bank account.
To initiate a withdrawal fund from your trading account, the firm provides a set of typical steps that can be followed:
Upstox offers proprietary trading platforms to cater to different preferences and needs. Upstox Pro Web provides a user-friendly web-based platform for seamless online trading. The Upstox Pro Mobile app allows users to trade on the go, providing a convenient and intuitive mobile trading experience.
For those preferring a desktop solution, the broker integrates with NEST Desktop, a comprehensive trading platform. Additionally, Upstox Developer Trading Platforms cater to users who want to customize and build their trading solutions. Furthermore, Upstox has collaborated with TradingView, a popular charting and analysis platform, enhancing traders’ technical analysis capabilities.
| Platforms | Upstox Platforms | E-Trade Platforms | TradeStation Platforms |
|---|---|---|---|
| MT4 | No | No | No |
| MT5 | No | No | No |
| cTrader | No | No | No |
| Own Platforms | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
According to our findings, Upstox Pro is a user-friendly trading platform designed for both beginners and experienced traders. With advanced charting tools, real-time market data, and a customizable interface, users can analyze markets and execute trades efficiently.
The platform is available both as a web-based application, Upstox Pro Web, and a mobile app, Upstox Pro Mobile, allowing traders to stay connected to the markets from anywhere.
The broker provides 24/5 customer support through email, Upstox customer care number, or the live chat feature available on their website. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Relevant answers | No 24/7 customer support |
| Live chat, email, phone support |
In the end, the broker provides a range of educational resources, including informative articles, tutorials, and webinars to help users understand various aspects of trading, market analysis, and risk management. Additionally, Upstox offers educational events and initiatives to further support users in their financial journey.
In conclusion, Upstox stands out as a comprehensive online brokerage platform in the Indian market, offering a user-friendly experience, diverse trading products, and cost-effective solutions. The broker is known for its accessibility and robust features as well as offering a range of educational resources and research.
Overall, we found that Upstox provides a competitive trading environment for investment. However, we advise conducting your research and evaluating whether the firm’s offerings suit your specific trading requirements.
Based on Our findings and Financial Expert Opinions Upstox is Good for:
No review found...
No news available.
