Upstox
Depends
Confidence: Medium
A legitimate, low-cost Indian broker that works fine if you trade cheaply and never need help.
New check
Comparison
Upstox vs Angel One
Upstox and Angel One both land on Depends.
Angel One
Depends
Confidence: Medium
A reasonable low-cost, all-in-one broker for Indian retail investors who accept platform risk.
| Compare | Upstox | Angel One |
|---|---|---|
| Verdict | Depends | Depends |
| Best for | Cost-sensitive active traders in India | Indian retail investors wanting one app for everything |
| Who it's not for | Anyone who might need responsive customer support | Anyone who treats data security as a dealbreaker |
| Privacy | Major April 2021 data breach disclosed; now runs a bug bounty program and public trust-and-security page.⁸ | Breached: Feb 2025 AWS compromise leaked personal data of ~8 million users; company says it is assessing impact.16 |
| Support quality | SEBI referrals, horror threads, negative Trustpilot | 1.9/5 Trustpilot; Reddit demat horror threads |
| Public sentiment | Long-term users accept the pricing and app, but Reddit and Trustpilot repeatedly flag bad support, new AMC fees, and difficult account closure.¹ | Reviews are split: users praise the app's smart, user-friendly tools, while Reddit and Trustpilot are full of complaints about charges and support. |
| Biggest gotcha | Account maintenance charges introduced/raised; users report surprise fees on existing accounts³ | Support reviews are poor; expect slow grievance resolution |
Pick Upstox when
- Cost-sensitive active traders in India
- Beginners wanting stocks, MFs, IPOs in one app
- Chart-focused intraday traders
When Upstox is not a fit
- Anyone who might need responsive customer support
- Idle or small account holders hit by AMC fees
- Non-India users . the broker is India-focused
- Users unwilling to accept its 2021 data breach history
Pick Angel One when
- Indian retail investors wanting one app for everything
- F&O and IPO investors
- Beginners wanting guided, low-cost trading
- Algo traders via SmartAPI
When Angel One is not a fit
- Anyone who treats data security as a dealbreaker
- Users needing fast, reliable customer support
- Traders outside Indian exchanges (NSE/BSE only)
- Privacy-sensitive investors wary of breached platforms
Sources
- Upstox customer service reviews on Trustpilottrustpilot.comreview
review
- Reddit: HIGH Upstox AMCreddit.comreview
- Reddit: Upstox charging ₹20 per orderreddit.comreview
- Upstox Brokerage Charges (official)upstox.comofficial
official
- Upstox data breach . Have I Been Pwnedhaveibeenpwned.comsecurity
security
- Upstox Bug Bounty Program (official)upstox.comofficial
- Upstox launches US equities trading via Alpacaalpaca.marketsnews
- Upstox partners with TradingView for desktop platformibsintelligence.comnews
- Tiger Global-backed Upstox FY24 profit jumps 8xvccircle.comnews
- How Upstox secured 10 million+ user basezebralearn.comnews
- Angel One homepageangelone.inofficial
security