Does Upstox is safe?

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Are you a day trader?

Yes, Upstox is a safe broker. It is a registered member of SEBI, BSE, NSE, MCX and CDSL. The company is regulated by the stock broker regulations. It is audited regularly by the exchanges. No major violations are reported so far.

Upstox is safe for the following reasons:

  • In the business for over 10 years.
  • Profit making company
  • Backed by investors like Mr. Ratan Tata and Tiger Global.
  • Same product for all customers.
  • Same margin for all customers.
  • No margin funding
  • No PMS or Asset Management services.
  • No proprietary trading.

 

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