Overall Score51 / 100The Wikilix trust rating of upstox, out of 100, built from the five factors below.The licences it claims have not been checked on any official register.Regulation39%Identity64%Client terms52%Trading offer69%Service44%Score last calculated 2026/10/24
Trading Conditions
Min Deposit:
N/A
Max Leverage:
1
Account Types
Basic
Basic
Official website
upstox.com
Online · checked Sep 10, 2026
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
Up to 4 hours
Fee:Free
Fee:Free
Cheque
bank transfer
Up to 4 days
Fee:Free
Fee:Free
Instant Withdrawal (IMPS)
bank transfer
Instant
Fee:Free
Fee:₹23.60
Instant Withdrawal (UPI)
bank transfer
Instant
Fee:Free
Fee:₹23.60
Standard Withdrawal (Bank Transfer)
bank transfer
Up to 2 days
Fee:Free
Fee:Free
Trust rating
Fair50 to 64. A mixed record: some strengths, some open questions. Read the details before you deposit.Why: The licences it claims have not been checked on any official register.
51 out of 100 · 63% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.· Provisional
Do not trust
High risk
Fair
Good
Excellent
The licences it claims have not been checked on any official register.
We checked upstox on 2026-10-24 across its regulation, company record, client terms, trading offer and service, and could verify 63% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 51 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.
Score last calculated 2026/10/24
Regulation
Is someone watching them?
39out of 100
Poor
Counts for 35% of the score93% checked
What we checked
Best licence in force50
SEC INZ000315837 claimed, not checked on the register · Sep 7, 2026
No licence checked on a register yet · Sep 7, 2026
Extra licences in force0
1 claimed licence(s), none checked · Sep 7, 2026
What this measures
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
64out of 100
Fair
Counts for 15% of the score81% checked
What we checked
Registry-verified entity50
2 entity(ies) recorded with a registration number
Verified age83
Oldest registered entity established 2021-02-10
Transparency50
2 of 4 transparency checks met (entity, address, complaints, ownership)
Site integrity100
Website reachable and not redirecting · Sep 10, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
52out of 100
Fair
Counts for 15% of the score13% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal rails67
9 rail(s): 7 fee-free of 9 known, 5 instant of 9 known, minimum unknown · Feb 22, 2026
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
69out of 100
Good
Counts for 20% of the score55% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account type67
4 of 6 pricing cells filled across 2 account type(s) · Feb 22, 2026
Instrument breadthNot checked yet
No instrument counts known
Platforms100
2 platform(s) (MetaTrader 4, MetaTrader 5), web · Feb 22, 2026
Leverage vs regulated cap100
Maximum leverage 1:1 · Dec 29, 2025
Minimum deposit100
Minimum deposit $0 · Dec 29, 2025
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
44out of 100
Poor
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels33
2 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Dec 29, 2025
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
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 (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 (pro). The (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.
upstox is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.
0 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
0
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
1
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Securities and Exchange CommissionINZ000315837
Recorded from the firm's own disclosure. Not yet checked against the register.
Jurisdiction
India
Authority strength
Tier 1 (securities)
Licence type
Dealing in securities
Effective
Dec 1, 2023
Shown on the upstox website
Shown
Not yet checked on the register
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.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
Standard Withdrawal (Bank Transfer)Bank TransferEnsure bank account details are correctly linked to Upstox account. Available to users with registered bank accounts.
1Ensure your UPI app is linked to your bank account. Available to users with UPI-enabled bank accounts. · applies to 2 methods
2Ensure your bank supports IMPS transactions. Available to users with banks supporting IMPS. · applies to 2 methods
3Cheque 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. · applies to 2 methods
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 4 and MetaTrader 5.
MetaTrader 4 (MT4) is a popular trading platform for Forex and CFDs, offering advanced charting, automated trading via Expert Advisors, and fast, reliable execution.
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Runs on
Web
Details
Websites
Global Domains
One domain on record. All active and served over HTTPS.
1 domain
upstox.comMain siteActiveHTTPS
Social channels
Social Presence
5 official channels on record.
5 channels
Legal entities
Corporate Network
2 legal entities behind the upstox brand.
2 entities
RKSV COMMODITIES INDIA PRIVATE LIMITEDActiveIndia·Registration U65190DL2012PTC236371·Established Sep 16, 2024
UPSTOX SECURITIES PRIVATE LIMITEDActiveIndia·Registration U65100DL2021PTC376860·Established Feb 10, 2021
Peer comparison
Brokers worth comparing
4 other brokers on the record share what upstox offers — its country, regulator, account types or platforms — set beside it on the same measures.
Upstox offers a maximum leverage of 1, indicating that it does not provide leveraged trading options beyond this level.
The minimum deposit amount for Upstox is zero USD, meaning there is no required minimum deposit to start trading with this broker.
Upstox offers customer support via live chat during business hours and email at support@upstox.com. They also maintain active social media channels including Facebook, Twitter, LinkedIn, Instagram, and YouTube for additional contact.
According to WIKILIX data, Upstox does not have a specified regulatory license. It operates in India but is listed as having no formal regulation. Users should consider this when assessing safety and compliance.
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