Upstox Review



  • 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 Licenses:

  • RKSV Securities India Pvt. Ltd. - authorized by SEBI (India) registration no INZ000185137
  • RKSV Securities India Pvt. Ltd. - member of NSE, BSE, MCX, & CDSL (India)

Top 3 Forex Brokers

  1. What is Upstox?
  2. Upstox Pros and Cons
  3. Is Upstox Safe or a Scam?
  4. Margin Trading
  5. Accounts
  6. Products
  7. Fees
  8. Commission
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Stock and Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about Upstox.

What is Upstox?

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.

Is Upstox Stock Broker?

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.

Upstox Pros and Cons

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.

$0 minimum depositNo top-tier license
Trading PlatformsSome 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

Upstox Review Official Website

Upstox Review Summary in 10 Points
🏢 HeadquartersIndia
🗺️ RegulationSEBI
🖥 PlatformsUpstox Pro Web, Mobile, NEST Desktop, Upstox Developer Trading Platforms, TradingView
📉 Trading ProductsStocks, Mutual Funds, Bonds, Commodities, Futures, Options, ETFs, Currencies
💰 Stock CommissionFrom ₹20/$0,24
🎮 Paper Trading/ Demo AccountAvailable
💳 Minimum Deposit$0
💰 Base CurrenciesEUR, USD, GBP, INR
📚 EducationProvided
☎ Customer Support24/5

Overall Upstox Ranking

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.

  • Upstox Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesBrokerage RatesTrading ConditionsTrading Platforms

Upstox Alternative Brokers

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.

Is Upstox Safe or Scam?

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.

Is Upstox Legit?

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:

  • Our Ranked Upstox Trust Score is 8.7 out of 10 for the good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
Upstox Strong PointsUpstox Weak Points
Professional investing environmentNo additional or top-tier license
Member of NSE, BSE, MCX, and CDSL
Two-factor authentication

Customer Trading Protection

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 Review License

Upstox Margin Calculator

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:

  • Indian traders may use a maximum of up to 1:50 for major currency pairs.

Upstox Review Margin Calculator

Account Types

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.

Fast and easy account openingNone
No minimum deposit

How to Open Upstox Live Account?

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:

  • Select and Click on the “Open Demat Account Upstox” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your data by uploading documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

Upstox Review Opening Account

Trading Products

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.

  • Upstox Markets Range Score is 8.9 out of 10 for trading products overall which we rank high also for offering some unique opportunities and investment options.

Upstox Review Trading Products

Upstox Fees

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.

  • Upstox Fees are ranked low or average with an overall rating of 7.9 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. Some services are free of charge and others may apply some charges. See more comparison details below:
FeesUpstox FeesE-Trade FeesTradeStation Fees
Deposit feeYesYesYes
Withdrawal feeYesYesYes
Inactivity feeYesNoYes
Investment PlansYesYesYes
Fee rankingLow/AverageAverageAverage

Upstox Review Fees

Trading Commission

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.

  • Upstox Commission is ranked good with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found fees are competitive, transparent, and suitable for investment.
Asset/ PairUpstox CommissionE-Trade CommissionTradeStation Commission
Stocks FeesFrom ₹20From $0From $0
Fractional SharesNoNoNo
Options FeesFrom ₹20From $0,65From $0,60
ETFs FeesFrom ₹20From $0From $0
Free StocksNoYesYes

Upstox Review Commissions

Upstox Trading Hours

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.

Deposits and Withdrawals

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.

  • Upstox Funding Methods we ranked good with an overall rating of 8.5 out of 10. Fees are low, and you can also benefit from various funding methods.

Here are some good and negative points for Upstox funding methods found:

Fast digital depositsNo credit/debit cards for funding
Variety of funding methods

Upstox Minimum Deposit

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

Upstox Withdrawals

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.

Withdraw Funds from Upstox

To initiate a withdrawal fund from your trading account, the firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with the requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Upstox Review Payment Methods

Upstox Trading Platform

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.

  • Upstox Platform is ranked good with an overall rating of 8.7 out of 10 compared to over 500 other brokers. We mark it as good since the broker offers advanced trading platforms and tools.
PlatformsUpstox PlatformsE-Trade PlatformsTradeStation Platforms
Own PlatformsYesYesYes
Mobile AppsYesYesYes

Upstox Pro

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.

Upstox Review Trading Platform

Customer Support

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.

  • Customer Support in Upstox is ranked good with an overall rating of 7.5 out of 10 based on our testing. However, some users have reported occasional delays in response times.

See our find and ranking on Customer Service Quality:

Relevant answersNo 24/7 customer support
Live chat, email, phone support

Upstox Education

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.

  • Upstox Education ranked with an overall rating of 8.7 out of 10 based on our research. We found that the broker provides good learning materials and research that are beneficial for traders looking to improve their understanding of trading strategies.

Upstox Review Education

Upstox Review Conclusion

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:

  • Indian traders
  • Investing
  • Stocks and Options trading
  • Currency trading
  • Advanced traders
  • Professional trading
  • Commission based trading
  • Direct market access
  • Competitive trading environment
  • Good educational materials and research

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