Regulation & Safety
Is Upstox Regulated? (2026)
Complete regulatory breakdown for Upstox (headquartered in Mumbai, India). Licensed by 1 regulator.
1
Licence
Tier-3 / Offshore
Highest tier
No
Compensation scheme
2009
Founded
Tier-3 / Offshore Regulated Broker
Light-touch regulation. Higher leverage available but limited investor protection. Fund segregation may not be enforced.
Upstox is regulated by SEBI — providing regulatory oversight for your account.
See full licence details belowUpstox Regulatory Licences
| Regulator | Jurisdiction | Tier | Leverage Cap | Compensation | Fund Seg. |
|---|---|---|---|---|---|
SEBI SEBI | International | Tier-3 / Offshore | — | None |
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Deriv
4.0Capital at risk · T&Cs apply
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Upstox vs Regulated Competitors
| Broker | Rating | Regulators | Highest tier |
|---|---|---|---|
| Upstox | 3.2 | SEBI | Tier-3 / Offshore |
 Interactive Brokers | 4.4 | SEC, MAS, FCA, ASIC | Tier-1 |
 Forex.com | 4.4 | MAS, CFTC, FCA, ASIC | Tier-1 |
 OANDA | 4.3 | KNF, ASIC, MAS, CFTC | Tier-1 |
 Kraken | 4.3 | CFTC, FCA | Tier-1 |
 IG Group | 4.3 | SEC, MAS, FCA, ASIC | Tier-1 |
 Coinbase | 4.3 | FCA, SEC | Tier-1 |
 ForTrade | 4.3 | FCA, CySEC, FSC, DFSA | Tier-1 |
 Upbit | 4.2 | MAS, FSC | Tier-1 |
Compare Upstox regulation in detail
Upstox Regulation — What You Need to Know
Regulation is one of the most important factors when choosing a broker. A well-regulated broker must segregate client funds from its own operating capital, maintain minimum capital reserves, and submit to regular audits. This protects your money in the event of broker insolvency.
Upstox holds 1 regulatory licence from SEBI. The broker has been operating since 2009, giving it 17 years of track record.
When evaluating broker safety, look beyond the licence itself: check for investor compensation schemes, negative balance protection, and whether the broker publishes audited financial statements. Our rating methodology weights regulation at 25% of the overall broker score — the single largest factor. See our broker regulation map for a global overview of which regulators oversee the most brokers.
About Upstox's regulator
Regulation Map
Which regulators oversee the most forex brokers worldwide
What is Regulation?
Glossary definition of broker regulation
Rating Methodology
How regulation weighs in our broker scores
Risk warning: Trading CFDs and forex carries significant risk. Ensure you understand the risks and that the broker is properly regulated in your jurisdiction before depositing funds.
Frequently Asked Questions
1Is Upstox regulated?
Yes, Upstox is regulated by SEBI. Check the details above for the specific protections each licence provides.
2Is my money safe with Upstox?
Upstox is regulated, but the level of fund protection depends on the specific licence. Always check whether your specific account is covered by an investor compensation scheme.
3What is the difference between tier-1 and offshore regulation?
Tier-1 regulators (FCA, ASIC, SEC, BaFin) enforce the strictest rules: mandatory fund segregation, high capital requirements, regular audits, and investor compensation schemes. Offshore regulators (FSA Seychelles, VFSC, IFSC) have lighter requirements, which means higher leverage is available but with less investor protection.
4Can I trust Upstox with a large deposit?
For large deposits, regulatory status is critical. Consider whether Upstox's regulatory framework provides sufficient protection for your deposit size. Tier-1 regulated brokers offer the strongest guarantees. Always start with a smaller amount to test withdrawals before depositing large sums.
5How do I verify Upstox's licence?
You can verify Upstox's regulatory status directly on each regulator's website. Look up the licence number on the regulator's official register.
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