Is Upstox Safe?

Yes, Upstox is a safe broker for trading. While logging into Upstox you have to use 2-step verification. So it can’t be hacked until you share your login credentials with others. Apart from that UPSTOX is a licensed broker in each segment. Its SEBI and FMC registration numbers can be seen at the bottom of all pages on its official website.

All your investments done through your Upstox account are stored in your CDSL Demat account, which is the depository in India. If any unfortunate event happens with Upstox, your investments will still be safe at the depository.