ICISL vs upstox
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick upstox leads on safety — winning 2 of 2
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
46
✓29
Verdict
Guarded
Guarded
Regulatedⓘ
No
Yes
Licenses
0
✓1
Tier-1 regulatorsⓘ
0
0
Trustpilot score
—
1.7
Reviews collected
—
38
Exit riskⓘ lower = safer
—
Severe
Known clonesⓘ
0
0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
—
—
Max leverage
—
—
Min spread (best acct)
—
—
Commission
—
—
Cost grade
—
—
Account types
0
0
Best for
Suits
Indian investors seeking a full-service stockbroker with demat and trading accounts, Traders interested in equity, derivatives, currency, and commodity markets under one roof, Clients desiring research reports and trading calls, especially for intraday and delivery strategies
Indian‑market newcomers who need a basic, mobile‑first demat account for long‑term investing in stocks and mutual funds, Traders willing to tolerate slow support and delayed settlements in exchange for flat brokerage pricing
Not for
Retail forex/CFD traders looking for leveraged forex trading with tight spreads and international platforms, International clients outside India, as the broker appears focused on the domestic market, Traders who require transparent fee structures upfront, as pricing details are not publicly available
Active intraday or F&O traders who demand fast execution and reliable margin visibility, Anyone who relies on prompt withdrawals or responsive customer service, Users hypersensitive to unexpected fees and opaque charging structures
Products & Funding
Instruments
—
—
Deposit methods
—
—
Withdrawal
—
—
Execution
Speed
—
—
Slippage
—
—
Swap cost
—
—
Company
Founded
2022-09-27
2019-03-15
Headquarters
India
India
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.