Comparison of AMarkets and Upstox
| Feature | AMarkets | Upstox |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2011 |
| Broker Type | ECN, STP | DMA |
| Dealing | A-book, B-book | A-book |
| Execution | Instant, Market | Market |
| Regulation | FSC, MISA, SVGFSA | SEBI, NSE, BSE, MCX |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Upstox Pro Web, Upstox Pro Mobile |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:3000 | 1:5 |
| Minimum Deposit | $100 | $1 |
| Base Currencies | USD, RUB | INR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) | UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | from 1.8% via credit card | ✖ |
| Investor Protection | Financialcommission.org | Investor Protection Fund (IPF) |
| Protection Size | €20 000 | ₹2500000 |
| Segregated Accounts | ✖ | ✔ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✖ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities | Equities, Futures & Options, Commodities, Currency Derivatives, Mutual Funds, IPOs |
| Review | AMarkets Review | Upstox Review |
About AMarkets
Established in 2007, AMarkets has built a solid reputation in the forex and CFD trading industry. Operating from the island of Mwali (Comoros), AMarkets offers traders access to a diverse range of trading instruments, including currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies. Catering to a global clientele across Latin America, Asia, and the Commonwealth of Independent States (CIS), AMarkets provides various account types tailored to different trading preferences. Notably, their ECN accounts feature competitive floating spreads starting as low as 0 pips. Traders can choose from three robust trading platforms: the widely acclaimed MetaTrader 4 and MetaTrader 5, as well as an intuitive web-based platform. Additionally, AMarkets supports copy trading through its proprietary platform and integrates third-party tools like AutoChartist to enhance trading strategies.
Pros
- Advanced trading platforms
- Wide range of trading instruments
- Multiple account types
- Comprehensive research and educational resources
- Copy trading
- Support for copy trading and third-party tools
- 24/7 customer support
- VPS hosting available for automated trading
Cons
- Limited regulatory oversight
- Withdrawal fees applicable
About Upstox
Upstox is a leading Indian discount broker founded in 2011. Regulated by SEBI and a member of NSE, BSE and MCX, it charges a flat ₹20 per executed order and requires no minimum deposit. Traders get leverage up to 5× intraday, advanced Upstox Pro platforms and market depth data across more than 5000 Indian stocks and derivatives.
Pros
- Flat ₹20 brokerage with zero delivery fee
- SEBI‑regulated; member of NSE, BSE & MCX
- Fast, intuitive Upstox Pro Web & Mobile
- Paperless account opening and no minimum balance
- Comprehensive market depth and charting tools
Cons
- Available only to Indian residents/NRI
- Leverage capped at 5× by regulation
- No global FX, CFD or crypto products
AMarkets & Upstox Regulation
| Feature | AMarkets | Upstox |
|---|---|---|
Companies | AMarkets LLC, AMarkets LTD | Upstox Securities Pvt Ltd (ex RKSV Securities India Pvt Ltd) |
Countries | Cook Islands, Comoros, Saint Vincent and the Grenadines | India |
Regulators | FSC, MISA, SVGFSA | SEBI, NSE, BSE, MCX |
Investor Protection | Financialcommission.org | Investor Protection Fund (IPF) |
Investor Protection Size | €20 000 | ₹2500000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
AMarkets
AMarkets LLC, AMarkets LTD
Upstox
Upstox Securities Pvt Ltd (ex RKSV Securities India Pvt Ltd)
Countries
AMarkets
Cook Islands, Comoros, Saint Vincent and the Grenadines
Upstox
India
Regulators
AMarkets
FSC, MISA, SVGFSA
Upstox
SEBI, NSE, BSE, MCX
Investor Protection
AMarkets
Financialcommission.org
Upstox
Investor Protection Fund (IPF)
Investor Protection Size
AMarkets
€20 000
Upstox
₹2500000
Publicly Traded
AMarkets
Upstox
Segregated Accounts
AMarkets
Upstox
Guaranteed Stop Loss
AMarkets
Upstox
Negative Balance Protection
AMarkets
Upstox
Account Types
| Account | AMarkets | Upstox |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.3 | — |
| Fee | No | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 20% | — |
| Margin Call | 50% | — |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.2 | — |
| Fee | $5 per 1 lot | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 40% | — |
| Margin Call | 50% | — |
Zero Account | ||
| Account Name | Zero | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $5 per 1 lot | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 40% | — |
| Margin Call | 50% | — |
Fix Spread Account | ||
| Account Name | Fixed | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Fixed | — |
| Execution | Market | — |
| Min Spread | 3 | — |
| Fee | No | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 20% | — |
| Margin Call | 50% | — |
DMA Account | ||
| Account Name | — | Equity & F&O |
| Min Deposit | — | $1 |
| Lot Size | — | 1 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | ₹20 per 1 lot |
| Max Leverage | — | 1:5 |
| Stop Out | — | - |
| Margin Call | — | - |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
AMarkets
Standard
Upstox
—
Min Deposit
AMarkets
$100
Upstox
—
Lot Size
AMarkets
0.01
Upstox
—
Spread Type
AMarkets
Floating
Upstox
—
Execution
AMarkets
Market
Upstox
—
Min Spread
AMarkets
1.3
Upstox
—
Fee
AMarkets
No
Upstox
—
Max Leverage
AMarkets
1:3000
Upstox
—
Stop Out
AMarkets
20%
Upstox
—
Margin Call
AMarkets
50%
Upstox
—
ECN Account
Account Name
AMarkets
ECN
Upstox
—
Min Deposit
AMarkets
$200
Upstox
—
Lot Size
AMarkets
0.01
Upstox
—
Spread Type
AMarkets
Floating
Upstox
—
Execution
AMarkets
Market
Upstox
—
Min Spread
AMarkets
0.2
Upstox
—
Fee
AMarkets
$5 per 1 lot
Upstox
—
Max Leverage
AMarkets
1:3000
Upstox
—
Stop Out
AMarkets
40%
Upstox
—
Margin Call
AMarkets
50%
Upstox
—
Zero Account
Account Name
AMarkets
Zero
Upstox
—
Min Deposit
AMarkets
$200
Upstox
—
Lot Size
AMarkets
0.01
Upstox
—
Spread Type
AMarkets
Floating
Upstox
—
Execution
AMarkets
Market
Upstox
—
Min Spread
AMarkets
0
Upstox
—
Fee
AMarkets
$5 per 1 lot
Upstox
—
Max Leverage
AMarkets
1:3000
Upstox
—
Stop Out
AMarkets
40%
Upstox
—
Margin Call
AMarkets
50%
Upstox
—
Fix Spread Account
Account Name
AMarkets
Fixed
Upstox
—
Min Deposit
AMarkets
$100
Upstox
—
Lot Size
AMarkets
0.01
Upstox
—
Spread Type
AMarkets
Fixed
Upstox
—
Execution
AMarkets
Market
Upstox
—
Min Spread
AMarkets
3
Upstox
—
Fee
AMarkets
No
Upstox
—
Max Leverage
AMarkets
1:3000
Upstox
—
Stop Out
AMarkets
20%
Upstox
—
Margin Call
AMarkets
50%
Upstox
—
DMA Account
Account Name
AMarkets
—
Upstox
Equity & F&O
Min Deposit
AMarkets
—
Upstox
$1
Lot Size
AMarkets
—
Upstox
1
Spread Type
AMarkets
—
Upstox
Floating
Execution
AMarkets
—
Upstox
Market
Min Spread
AMarkets
—
Upstox
0
Fee
AMarkets
—
Upstox
₹20 per 1 lot
Max Leverage
AMarkets
—
Upstox
1:5
Stop Out
AMarkets
—
Upstox
-
Margin Call
AMarkets
—
Upstox
-
Additional Features
Demo Account
AMarkets
Upstox
VIP Account
AMarkets
Upstox
Swap-Free Account
AMarkets
Upstox
Copy Trading
AMarkets
Upstox
VPS
AMarkets
Upstox
PAMM/MAM Accounts
AMarkets
Upstox
Funding and Fees
| Feature | AMarkets | Upstox |
|---|---|---|
Base currencies | USD, RUB | INR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) | UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee | from 1.8% via credit card |
Base currencies
AMarkets
USD, RUB
Upstox
INR
Deposit and withdrawal methods
AMarkets
Bank Wire, Credit Card, Debit Card, Neteller, Perfect Money, Tether (USDT), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH)
Upstox
UPI, NetBanking, IMPS/NEFT/RTGS, Debit/Credit Card, Cheque
Inactivity fee
AMarkets
Upstox
Interest on margin
AMarkets
Upstox
Withdrawal fee
AMarkets
from 1.8% via credit card
Upstox
Trading Platforms and Conditions
| Feature | AMarkets | Upstox |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Upstox Pro Web, Upstox Pro Mobile |
Execution Speed | 30 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
AMarkets
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Upstox
Upstox Pro Web, Upstox Pro Mobile
Execution Speed
AMarkets
30 ms
Upstox
-
Scalping
AMarkets
Upstox
Expert Advisors (EAs)
AMarkets
Upstox
Depth of Market (DOM)
AMarkets
Upstox
Spread
AMarkets
low
Upstox
low
Trading Assets
| Asset | AMarkets | Upstox |
|---|---|---|
Currencies | 42 | 4 |
Indices | 16 | 0 |
Stocks | 437 | 5000 |
Cryptocurrencies | 27 | 0 |
Bonds | 2 | 0 |
Metals | 7 | 0 |
Energies | 4 | 0 |
Soft Commodities | 7 | 0 |
ETFs | 0 | 0 |
Currencies
AMarkets
42
Upstox
4
Indices
AMarkets
16
Upstox
0
Stocks
AMarkets
437
Upstox
5000
Cryptocurrencies
AMarkets
27
Upstox
0
Bonds
AMarkets
2
Upstox
0
Metals
AMarkets
7
Upstox
0
Energies
AMarkets
4
Upstox
0
Soft Commodities
AMarkets
7
Upstox
0
ETFs
AMarkets
0
Upstox
0
Education and Analytics
| Feature | AMarkets | Upstox |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
AMarkets
Upstox
Indicators
AMarkets
Upstox
Robots
AMarkets
Upstox
Signals
AMarkets
Upstox
Autochartist
AMarkets
Upstox
Expert Analytics
AMarkets
Upstox
News Feed
AMarkets
Upstox
Education Articles
AMarkets
Upstox
Webinars
AMarkets
Upstox
Seminars
AMarkets
Upstox
Bonuses
| Bonus | AMarkets | Upstox |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | 100%, up to $10000 | — |
| Details | Learn More | — |
Welcome Bonus
Is available
AMarkets
Upstox
Size
AMarkets
100%, up to $10000
Upstox
—
Details
AMarkets
Upstox
—
Customer Support
| Contact | AMarkets | Upstox |
|---|---|---|
Email | support@amarkets.com | support@upstox.com |
Phone | +44 330 777 22 22 | 022-41792999 |
Telegram | Telegram | Telegram |
Whatsapp | — | |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — |
Email
AMarkets
Upstox
Phone
AMarkets
Upstox
Whatsapp
AMarkets
—
Upstox
Twitter
AMarkets
—
Upstox
Which Broker is Better?
After comparing AMarkets and Upstox, AMarkets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
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Upstox Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.