SEBI — India
UPSTOX SECURITIES PRIVATE LIMITED
Regulated · No. INZ000315837
upstox Review — Overview
Regulation
Offshore regulated
Licence
SEBI · No. INZ000315837
Licence status
Regulated
Platforms
upstox APP
Instruments
Stocks, Indian Indices, Mutual Funds, IPO
Typical spread
/
Operating
Est. 2011
Main market
IN
Entity
UPSTOX SECURITIES PRIVATE LIMITED
Website
Unknown
upstox is a forex & CFD broker based in India, established in 2011. On Trust Broker Hub it holds a Trust Score of 4.1 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
upstox's licence comes from an offshore jurisdiction (SEBI). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
upstox provides access to Stocks, Indian Indices, Mutual Funds, IPO. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, upstox has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
upstox currently scores 4.1/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a SEBI licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Trading conditions and fees not publicly disclosed
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Stocks, Indian Indices, Mutual Funds, IPO, Futures & Options, Currencies, and Commodities |
| Minimum deposit | Not disclosed |
| Maximum leverage | Not disclosed |
| Typical spread | / |
| Platforms | upstox APP |
| Demo account | / |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on upstox
Our analysis · editorial
4.1/10
A mixed risk profile
upstox is regulated in an offshore jurisdiction (SEBI), which offers lighter oversight than tier-1 regimes. Based in India, it has been operating for about 15 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 4.1/10 — a mixed profile.
Strengths
- Long 15-year operating track record
- No complaints on record with us
- Supports upstox APP trading
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
upstox — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag upstox here if that changes.
Full specifications
Regulated region
India
Operating period
5-10 years
Main market
IN
Licensed entity
UPSTOX SECURITIES PRIVATE LIMITED
License status
Regulated
Instruments
Stocks, Indian Indices, Mutual Funds, IPO, Futures & Options, Currencies, and Commodities
Year founded
2011
Frequently asked
Is upstox a safe broker?
upstox scores 4.1 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the upstox trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from upstox?
upstox doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.