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.
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.
How far our check got
- 1 not yet checked
SECTier 1 (securities)
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
Account Types
2 account types on record. Leverage up to 1:1.
| Account | Min Deposit | Leverage | Commission |
|---|---|---|---|
| BasicStandard | Not recorded | 1:1 | Up to ₹20 per executed order |
| BasicStandard | Not recorded | 1:1 | Up to ₹20 per executed order |
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.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| Net BankingBank TransferEnsure your bank supports Net Banking transactions. Available to users with registered bank accounts supporting Net Banking. | INR 7 | Free | Not recorded | Not recordedNot recorded | Instant |
| UPI TransferBank TransferEnsure your UPI app is linked to your bank account. Available to users with UPI-enabled bank accounts. | Free | Free | Not recorded | Not recordedNot recorded | Instant |
| IMPSBank TransferEnsure your bank supports IMPS transactions. Available to users with banks supporting IMPS. | Free | Free | Not recorded | Not recordedNot recorded | Instant |
| NEFTBank TransferEnsure your bank supports NEFT transactions. Available to users with banks supporting NEFT. | Free | Free | Not recorded | Not recordedNot recorded | 4 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. | Free | Free | Not recorded | Not recordedNot recorded | 4 days |
| Instant Withdrawal (IMPS)Bank TransferEnsure your bank supports IMPS transactions. Available to users with banks supporting IMPS. | Free | INR 23.6 | Not recorded | Not recordedNot recorded | Instant |
| Instant Withdrawal (UPI)Bank TransferEnsure your UPI app is linked to your bank account. Available to users with UPI-enabled bank accounts. | Free | INR 23.6 | Not recorded | Not recordedNot recorded | Instant |
| Standard Withdrawal (Bank Transfer)Bank TransferEnsure bank account details are correctly linked to Upstox account. Available to users with registered bank accounts. | Free | Free | Not recorded | Not recordedNot recorded | 2 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. | Free | Free | Not recorded | Not recordedNot recorded | 4 days |
Trading Platforms
2 trading platforms on record: MetaTrader 4 and Meta Trader 5.
- MetaTrader 4WindowsMacWebAndroidiOSDetails
- Meta Trader 5WindowsMacLinuxWebAndroidiOSAPIDetails
Global Domains
One domain on record. All active and served over HTTPS.
Corporate Network
2 legal entities behind the upstox brand.
- RKSV COMMODITIES INDIA PRIVATE LIMITEDActive
- UPSTOX SECURITIES PRIVATE LIMITEDActive

Comments
Share your thoughts and experiences with upstox