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upstox

Regulated
India
,
Since 2009
Last Updated:
43/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
BasicBasic

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Net Banking

bank transfer
Instant
Fee:
₹7
Fee:
Free

UPI Transfer

bank transfer
Instant
Fee:
Free
Fee:
Free

IMPS

bank transfer
Instant
Fee:
Free
Fee:
Free

NEFT

bank transfer
4 hours
Fee:
Free
Fee:
Free

Cheque

bank transfer
4 days
Fee:
Free
Fee:
Free

Instant Withdrawal (IMPS)

bank transfer
Instant
Fee:
Free
Fee:
₹24

Instant Withdrawal (UPI)

bank transfer
Instant
Fee:
Free
Fee:
₹24

Standard Withdrawal (Bank Transfer)

bank transfer
2 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 34%, 2: License 74%, 3: Software 51%, 4: Spread 0%, 5: Account Type 10%, 6: Symbol 0%
Regulation
34%Poor
License
74%Good
Software
51%Fair
Spread
0%Poor
Account Type
10%Poor
Symbol
0%Poor

Company Information

Full Name:upstox
Founded:2009
Headquarters:India
Enterprise Offices:2offices

Customer Support

Phone:
+91 022-41792999
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about upstox: its history, the licences it holds, its trading conditions and its fees.

Overview of Upstox, Characteristics, Conditions, and Customer Experience

To be competitive in today's marketplace, having a trustworthy broker is very important. Upstox is a technology-based company that was established to provide technology-driven brokerage services to both new and seasoned investors. By concentrating on allowing investors to trade more seamlessly through a host of tools that can be accessed via mobile devices (Smartphones/Tablet), Upstox has developed its focus to deliver a wide range of instruments across many markets, including the commodities, equity, and foreign exchange markets.

What follows is an overview of all aspects surrounding the Upstox Company, including background information, company objectives, and company offerings, as well as up-to-date information regarding trading conditions, company regulations, and regulatory compliance and fee/Fee Structure (Customer experience).

Upstox Company Background and Profile

There is little information available publicly regarding the background of Upstox, but they can be described as a financial services provider specializing in brokerage and market access. What they have set out to accomplish with technology is to make investing easier for everyday investors and to improve the overall efficiency and effectiveness of investing for retail investors.

To succeed in such a highly competitive environment, Upstox continues to develop and enhance its platform capabilities to provide more services to their clients.

Key Features of Upstox

To meet the needs of active traders and long-term investors, Upstox has created a variety of tools for its users and client base:

Advanced Charts/Live Market Data

Multiple Financial Instruments Available for Trading

Desktop/Mobile Apps for Making Trades Irrespective of Location

User-Friendly Interface and The Ability to Execute Trades Quickly and Easily

Together, these features provide the investor with an efficient way to evaluate market trends, execute trade actions successfully, and remain connected to their position when on the go, through their mobile device.

Trading Instruments Offered by Upstox

A complete list of instruments offered by brokers like Upstox is not available publicly, but based on what we know, they would have access to some or all of the following instruments:

Equities (Countries Globally across countries)

Derivatives

Commodities

Forex/Currency Pairs

This large variety of instruments provides traders with the ability to create a diversified portfolio and follow multiple strategies depending on the market.Overview of Regulations

The trader's confidence is greatly influenced by understanding how the broker is regulated. Still, detailed information about Upstox's Licensing Procedures is hard to find.

Regulatory Information

Licensing Authority - There is little to no information available on this area at present.

Trading Technology and Conditions

Upstox has a strong focus on ICT, i.e. Innovative and Advanced Trading Technologies with its proprietary platform Upstox.com (Pro), while there are still many details around the specific Trading Conditions available.

Trading Technologies and Conditions

There is no information on Upstox's trading conditions (spreads, leverage, minimum deposit requirements etc.) - the product contains a technology platform called Upstox.com (pro). The Upstox.com (Pro) Platform has most of the contemporary features of other current platforms including real-time market data and real-time trading support, as well as multiple types of orders, and risk management.

Fee Structure

It is important for traders to know the costs associated with choosing a broker. Currently, there is no publicly available information on Upstox' fees.

Fee Information

At this stage, most potential Upstox users will want to contact Upstox to ask questions about the Fee Schedules before they set up an account.

User Experience

The Upstox platform aims to provide its users with reliable and flexible trading choices through the ease of use of the UI and many different devices. Although the majority of reviews available focus on the broker's technology, several other reviews do highlight the broker's focus on ease of use and user-friendliness, which is likely to represent a commonality throughout the Upstox experience.

Current Events

At the present time, there have only been a limited number of updates and modifications available via public channels about Upstox. In such a fast-moving industry, this is not surprising, and as of now, no significant announcements have been made.

Summary

The focus of Upstox appears to be on being an innovative, technology-driven trader that provides easy and efficient access, functionality, and processes. Due to the limitations of publicly available information regarding regulatory status, fee structure, and detailed trading conditions, the Upstox platform has demonstrated its unique capacity to continuously adapt and enhance its trader's experience through ongoing innovation.

Therefore, prospective traders should:

1) Confirm all Upstox regulation information directly.

2) Request detailed information about fees and up-to-date Trading Conditions.

3) Compare Upstox's tools against other broker services.

With a growing need for transparency and trustworthiness within the financial Industry, so too will be the need for understanding how these aspects align with the trader's goals and risk tolerance levels.

Regulation check

Regulatory Licenses

upstox is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 1 checked
1Licences on record
0Confirmed on register
1Tier 1 or 2
0Offshore

How far our check got

  • 1 not yet checked
  • SECTier 1 (securities)IndiaDealing in securitiesNo. INZ000315837

    What the register says

    Licence number
    INZ000315837
    Type
    Dealing in securities
    Effective
    Dec 1, 2023
    Expires
    No expiry shown
    Shown on the upstox website
    Shown

    Client protection under this licence

    • Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
    • Complaints routeSEC Tips/Complaints/Referral
    • Maximum leverage1:50

    These are the rules SEC sets for the firms it licenses. They are not a statement about how upstox applies them, or about which of its companies would hold your account.

    About Securities and Exchange Commission

    Onshore regulatorGovernment bodyCompensation: SIPC insures up to $500,000 per customer (including $250,000 cash)Public registerTransparency: medium
    Typical cost of this licence
    Varies; FINRA and SEC registration fees
Where we have checked a licence, it was checked against the issuing regulator's own register. Register wording is quoted as found.See all tier-1 regulated brokers
Trading accounts
Updated

Account Types

2 account types on record. Leverage up to 1:1.

2 account types
AccountMin DepositLeverageCommission
BasicStandardNot recorded1:1Up to ₹20 per executed order
BasicStandardNot recorded1:1Up to ₹20 per executed order
Account names and conditions as published by upstox, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

9 ways to fund an account. 8 with no deposit fee. 5 credit instantly. The costliest way in is Net Banking at INR 7.

9 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Net BankingBank TransferEnsure your bank supports Net Banking transactions. Available to users with registered bank accounts supporting Net Banking.INR 7FreeNot recordedNot recordedNot recordedInstant
UPI TransferBank TransferEnsure your UPI app is linked to your bank account. Available to users with UPI-enabled bank accounts.FreeFreeNot recordedNot recordedNot recordedInstant
IMPSBank TransferEnsure your bank supports IMPS transactions. Available to users with banks supporting IMPS.FreeFreeNot recordedNot recordedNot recordedInstant
NEFTBank TransferEnsure your bank supports NEFT transactions. Available to users with banks supporting NEFT.FreeFreeNot recordedNot recordedNot recorded4 hours
ChequeBank TransferCheque must be drawn in favor of "Upstox Securities Pvt Ltd - USCNB A/C" and deposited at an HDFC Bank branch. Available to users with access to HDFC Bank branches.FreeFreeNot recordedNot recordedNot recorded4 days
Instant Withdrawal (IMPS)Bank TransferEnsure your bank supports IMPS transactions. Available to users with banks supporting IMPS.FreeINR 23.6Not recordedNot recordedNot recordedInstant
Instant Withdrawal (UPI)Bank TransferEnsure your UPI app is linked to your bank account. Available to users with UPI-enabled bank accounts.FreeINR 23.6Not recordedNot recordedNot recordedInstant
Standard Withdrawal (Bank Transfer)Bank TransferEnsure bank account details are correctly linked to Upstox account. Available to users with registered bank accounts.FreeFreeNot recordedNot recordedNot recorded2 days
Standard Withdrawal (Cheque)Bank TransferCheque must be drawn in favor of "Upstox Securities Pvt Ltd - USCNB A/C" and deposited at an HDFC Bank branch. Available to users with access to HDFC Bank branches.FreeFreeNot recordedNot recordedNot recorded4 days
Fees, limits and processing times as published by upstox, recorded by Wikilix.
Trading software

Trading Platforms

2 trading platforms on record: MetaTrader 4 and Meta Trader 5.

2 platforms
  • MetaTrader 4by MetaQuotes Software Corp. · 2005WindowsMacWebAndroidiOS
    Details
  • Meta Trader 5by MetaQuotes Software Corp · 2010WindowsMacLinuxWebAndroidiOSAPI
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • upstox.comMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

5 official channels on record.

5 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

2 legal entities behind the upstox brand.

2 entities
  • RKSV COMMODITIES INDIA PRIVATE LIMITEDActiveIndiaRegistration U65190DL2012PTC236371Established Sep 16, 2024
  • UPSTOX SECURITIES PRIVATE LIMITEDActiveIndiaRegistration U65100DL2021PTC376860Established Feb 10, 2021
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

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