Side-by-Side Comparison Independent Updated Jul 30, 2026
Darwinex vs Upstox 2026: Which Broker is Better?
Compare Darwinex and Upstox side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Darwinex
Upstox
VS
| Darwinex | Upstox | |
|---|---|---|
| BrokerRank Score | 3.0/5 | 3.1/5 ✓ |
| Min. Deposit | $500 | $0 ✓ |
| Spread from | 0.8 pips | 0 pips ✓ |
| Max Leverage | 1:30 ✓ | 1:5 |
| Regulation | FCA | SEBI |
| Platforms | MT4, MT5, Proprietary | Proprietary Web, Proprietary Mobile |
Quick VerdictBrokerRank recommends
Best for Beginners
UpstoxDarwinex
Best for Low Fees
UpstoxDarwinex
Best for Regulation
DarwinexUpstox
Best Overall
UpstoxDarwinex
Quick Answer
Upstox is the better choice overall, scoring 3.1/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Upstox offers lower spreads (0 pips).
See full side-by-side comparison belowDarwinex vs Upstox: Key Differences
Feature
Darwinex
Upstox
WinnerOur Rating
3.0 / 5
3.1 / 5
Min. Deposit
$500
$0
Spread From
0.8 pips
0 pips
Commission
$3.5/lot
$0.05/lot
Platforms
MT4, MT5, Proprietary
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Indices, Commodities
Stocks, Indices, Commodities
Founded
2012
2009
Headquarters
London, UK
Mumbai, India
Score
1 / 5
4 / 5
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Find my matchFees Comparison
Fee
Darwinex
Upstox
Lower feesSpread From
0.8 pips
0 pips
Commission
$3.5/lot
$0.05/lot
Deposit Fee
None
None
Withdrawal Fee
None
None
BrokerRank Verdict
Darwinex scores 3.01/5 while Upstox scores 3.10/5 in our independent rating.
Upstox edges ahead overall, but Darwinex may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Who Should Choose Which?
Darwinex
3.0/5
Choose Darwinex if you want…
- Higher leverage (up to 1:30)
- More market types (4)
- More platforms (3 supported)
Upstox
3.1/5
Choose Upstox if you want…
- Higher overall rating (3.1/5)
- Tighter spreads (from 0 pips)
- No minimum deposit
- More established (est. 2009)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Darwinex & Upstox are available in
Frequently Asked Questions
1Is Darwinex better than Upstox?
Upstox scores higher overall on our independent rating system. Darwinex holds a 3.0/5 rating vs Upstox's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Darwinex or Upstox?
Darwinex offers spreads from 0.8 pips, while Upstox starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Darwinex vs Upstox?
Darwinex requires a minimum deposit of $500. Upstox requires $0.
4Which broker is safer, Darwinex or Upstox?
Darwinex is regulated by FCA, while Upstox holds licences from SEBI.
5What trading platforms do Darwinex and Upstox support?
Darwinex supports MT4, MT5, Proprietary. Upstox supports Proprietary Web, Proprietary Mobile.
6Can I use both Darwinex and Upstox?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
Upstox
Capital at risk · T&Cs apply