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Broker Review

Upstox (India) Review 2026

7.3
Overall Score
SEBI
Reviewed by FXTopBrokers Editorial Team · Updated January 2026

Upstox (India) is a retail broker regulated by SEBI. We tested this broker with a live account and assessed trading conditions, platform quality, withdrawals and customer support.

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Quick Facts
Founded
2011
Headquarters
Mumbai, India
Primary Regulation
SEBI
Min. Deposit
$10
Typical Spread
1.2 pips
Broker Type
Retail Broker
Scoring breakdown
How Upstox (India) Scored
Regulation & Safety
7.9
Spreads & Costs
7.3
Execution Quality
7.7
Platform & Tools
7.1
Withdrawals
7.8
Customer Support
7.3
Verdict
Our Verdict

Upstox (India) is a registered forex and CFD broker regulated by SEBIbased in Mumbai, India. It operates primarily in emerging markets and offers accessible entry conditions.

Our testing found execution to be consistent and the platform reliable under normal conditions. Withdrawals were processed within the stated timeframe.

Best for: India Broker looking for a accessible broker in Mumbai, India.

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⚠ Risk Warning: Trading forex and CFDs involves significant risk. 68–89% of retail investor accounts lose money when trading CFDs. Consider whether you can afford the high risk of losing your money.
7.3
★★★★
Overall Score / 10
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Key Numbers
Min. Deposit$10
Spread from1.2 pips
RegulationSEBI
Founded2011
HQMumbai, India