Upstox Overview
| Website | upstox.com |
| Year Founded | 2011 |
| Countries of Registration | India |
| Website Languages | English, Hindi |
| Regulators | SEBI, NSE, BSE, MCX |
| Broker Type | DMA |
| Dealing | A-book |
| Minimum Deposit | $1 |
| Account Currencies | INR |
| Spread | low |
| Trading Platforms | Upstox Pro Web, Upstox Pro Mobile |
| Trading Assets | Equities, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs |
In the bustling landscape of Indian finance, Upstox emerged with a vision to democratize trading for everyone. Founded over a decade ago, this innovative broker has consistently championed the cause of accessibility, ensuring that both seasoned investors and newcomers alike can navigate the complexities of the market with ease. With a user-friendly approach, Upstox offers powerful trading platforms that allow individuals to dive into a myriad of assets—from equities and commodities to mutual funds and IPOs—empowering them to make informed decisions. At Upstox, the focus is on providing a seamless experience, whether through their intuitive web interface or mobile app. Traders benefit from advanced tools, detailed market data, and a flat, predictable fee structure, making it ideal for cost-sensitive scalpers and those who seek to maximize their returns. By eliminating barriers like minimum deposits and inactivity fees, Upstox invites everyone to embark on their trading journey, fostering a vibrant community of investors eager to explore the vast possibilities of the financial world.
Brief look at Upstox
Upstox is a leading Indian discount broker founded in 2011. Regulated by SEBI and a member of NSE, BSE and MCX, it charges a flat ₹20 per executed order and requires no minimum deposit. Traders get leverage up to 5× intraday, advanced Upstox Pro platforms and market depth data across more than 5000 Indian stocks and derivatives.
Pros
- Flat ₹20 brokerage with zero delivery fee
- SEBI‑regulated; member of NSE, BSE & MCX
- Fast, intuitive Upstox Pro Web & Mobile
- Paperless account opening and no minimum balance
- Comprehensive market depth and charting tools
Cons
- Available only to Indian residents/NRI
- Leverage capped at 5× by regulation
- No global FX, CFD or crypto products
Is Upstox available in my country?
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Upstox doesn't accept clients from United States!
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Upstox Reviews
Upstox has been a fantastic broker for my trading needs. The app is user-friendly, and I love the various account types they offer. The demo account helped me get comfortable before I made my first real trade. Highly recommend!
9/15/2023I've enjoyed trading with Upstox. The spreads are competitive, and I appreciate the quick withdrawal time. The platform is easy to navigate after the initial login. Overall, a solid experience.
10/2/2023As a beginner, I found Upstox's sign-up process straightforward, but I wish the minimum deposit was lower. The demo account was helpful, but I struggled a bit with the app's navigation. Still, it's a decent broker.
8/20/2023Upstox offers a variety of account types, which is great for different trading styles. The leverage options are also appealing. I had a good experience with their customer support when I had questions about bonuses and rebates.
7/30/2023I love trading with Upstox! I appreciate their educational resources. The withdrawal time is impressive, and I've made decent profits with their trading platform. Definitely a top-notch broker!
9/25/2023Leave a Review
Is Upstox regulated?
| Companies | Upstox Securities Pvt Ltd (ex RKSV Securities India Pvt Ltd) |
| Countries | India |
| Regulators | SEBI, NSE, BSE, MCX |
| Investor Protection | Investor Protection Fund (IPF) |
| Investor Protection Size | ₹2500000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
Upstox Account Types
| Property | Equity & F&O |
|---|---|
| Min Deposit | $1 |
| Lot Size | 1 |
| Spread Type | Floating |
| Execution | Market |
| Min Spread | 0 pips |
| Fee | ₹20 per 1 lot |
| Max Leverage | 1:5 |
| Stop Out | - |
| Margin Call | - |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
Upstox Funding and Fees
| Base currencies | INR |
| Deposit and withdrawal methods | UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque |
| Inactivity fee | |
| Interest on margin | |
| Withdrawal Fee |
Upstox Trading Platforms and Conditions
| Trading Platforms | Upstox Pro Web, Upstox Pro Mobile |
| Execution Speed | - ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | low |
Upstox Trading Assets
| Currencies | 4 |
| Indices | 0 |
| Stocks | 5000 |
| Cryptocurrencies | 0 |
| Bonds | 0 |
| Metals | 0 |
| Energies | 0 |
| Soft Commodities | 0 |
| ETFs | 0 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
Upstox Support
| support@upstox.com | |
| Phone | 022-41792999 |
| Telegram | Telegram |
| YouTube | YouTube |
Upstox Alternatives
| Broker | Upstox | Zerodha | Interactive Brokers |
|---|---|---|---|
| Type | DMA | DMA | DMA |
| Minimum Deposit | $1 | $1 | $1 |
| Regulators | SEBI, NSE, BSE, MCX | SEBI, NSE, BSE, MCX | SEC, FINRA, FCA, CBI, CIRO, ASIC, SFC, SEBI, JFSA, MAS |
| Platforms | Upstox Pro Web, Upstox Pro Mobile | Kite Web, Kite Mobile, Varsity | Trader Workstation (TWS), IBKR Mobile, Client Portal, IBKR GlobalTrader, FXTrader |
| Spread | low | low | low |
| Leverage | 1:5 | 1:20 | 1:50 |
| Assets | Equities, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs | Stocks, ETFs, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs | Stocks, ETFs, Options, Futures, Forex, Bonds, Mutual Funds, Cryptocurrencies, Commodities, CFDs |
Is Upstox Right for You?
Upstox stands out as a leading discount broker in India, offering a flat ₹20 brokerage per executed order and zero delivery fees. Its SEBI regulation and membership in major exchanges like NSE, BSE, and MCX provide traders with a sense of security. The platform's advanced Upstox Pro tools and market depth data across more than 5000 stocks make it an attractive choice for active traders seeking a robust trading experience. However, potential users should be aware of some limitations. Upstox services are only available to Indian residents and NRIs, which restricts access for international traders. Additionally, the leverage offered is capped at 5×, and there are no options for global FX, CFD, or cryptocurrency trading, which may deter some investors. Overall, Upstox is highly recommended for Indian traders looking for a cost-effective and user-friendly platform to engage in equities, derivatives, and mutual funds. However, those seeking a more diverse asset range, including international options or higher leverage, may want to consider alternative brokers.
FAQ
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.
