Upstox
Rakuten Trade
VS
Higher Rated
Upstox
Capital at risk · T&Cs apply
Compare Upstox and Rakuten Trade side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Upstox
Rakuten Trade
| Upstox | Rakuten Trade | |
|---|---|---|
| BrokerRank Score | 3.1/5 ✓ | 2.9/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | SEBI | SC |
| Platforms | Proprietary Web, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
Upstox is the better choice overall, scoring 3.1/5 vs 2.9/5 on BrokerRank's independent rating. On fees, Upstox offers lower spreads (0 pips).
See full side-by-side comparison belowUpstox
WinnerRakuten Trade
Upstox
Lower feesRakuten Trade
Upstox scores 3.10/5 while Rakuten Trade scores 2.93/5 in our independent rating.
Upstox edges ahead overall, but Rakuten Trade may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Upstox
3.1/5
Choose Upstox if you want…
Rakuten Trade
2.9/5
Choose Rakuten Trade if you want…
Similar strengths to Upstox — compare below.
Upstox scores higher overall on our independent rating system. Upstox holds a 3.1/5 rating vs Rakuten Trade's 2.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Upstox offers spreads from 0 pips, while Rakuten Trade starts at 0 pips. Check the fees section above for a full breakdown.
Upstox requires a minimum deposit of $0. Rakuten Trade requires $0.
Upstox is regulated by SEBI, while Rakuten Trade holds licences from SC.
Upstox supports Proprietary Web, Proprietary Mobile. Rakuten Trade supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
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.