Upstox vs OANDA 2026: Which Broker is Better?
Compare Upstox and OANDA side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Upstox
OANDA
| Upstox | OANDA | |
|---|---|---|
| BrokerRank Score | 3.2/5 | 4.3/5 ✓ |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:5 | 1:50 ✓ |
| Regulation | SEBI | CFTC, FCA, ASIC ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.3/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Upstox offers lower spreads (0 pips).
See full side-by-side comparison belowUpstox vs OANDA: Key Differences
Upstox
OANDA
WinnerStill deciding between Upstox and OANDA?
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Fees Comparison
Upstox
OANDA
BrokerRank Verdict
Upstox scores 3.22/5 while OANDA scores 4.34/5 in our independent rating.
OANDA edges ahead overall, but Upstox 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?
Upstox
3.2/5
Choose Upstox if you want…
- Tighter spreads (from 0 pips)
OANDA
4.3/5
Choose OANDA if you want…
- Higher overall rating (4.3/5)
- No per-trade commission
- Higher leverage (up to 1:50)
- More regulatory licences (7)
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 Upstox & OANDA are available in
Frequently Asked Questions
1Is Upstox better than OANDA?
OANDA scores higher overall on our independent rating system. Upstox holds a 3.2/5 rating vs OANDA's 4.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Upstox or OANDA?
Upstox offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Upstox vs OANDA?
Upstox requires a minimum deposit of $0. OANDA requires $0.
4Which broker is safer, Upstox or OANDA?
Upstox is regulated by SEBI, while OANDA holds licences from CFTC, FCA, ASIC, MAS, CIRO, BVI FSC, KNF.
5What trading platforms do Upstox and OANDA support?
Upstox supports Proprietary Web, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
6Can I use both Upstox and OANDA?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research
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58% of Brokers Hold a Single Licence
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71% of Retail Traders Lose Money
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76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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