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Upstox Complaints

Upstox Account Opening

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Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo...

Complaint against Upstox Broker

Upstox brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Upstox customers. The Upstox complaints report analyzes the Upstox online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Upstox broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Upstox complaint no. report also provides Upstox’s number of active clients. This shows the growth of the broker year on year.

Upstox Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2023-24	37	783,887
NSE	2023-24	209	2,401,555
BSE	2022-23	28	766,578
NSE	2022-23	402	2,880,604
BSE	2021-22	43	499,893
NSE	2021-22	502	5,215,523
BSE	2020-21	7	143,126
NSE	2020-21	862	2,141,095
BSE	2019-20	11	142,797
NSE	2019-20	164	619,305
BSE	2018-19	7	22,381
NSE	2018-19	58	92,781
BSE	2017-18	2	24,483
NSE	2017-18	35	43,889
BSE	2016-17	1	3,910
NSE	2016-17	21	17,229
BSE	2015-16	1	3,049
NSE	2015-16	10	10,622
NSE	2014-15	4	7,372
BSE	2013-14	1	340
NSE	2013-14	1	4,631

Upstox complaint at NSE

	2023-24	2022-23	2021-22
Active Clients	2401555	2880604	5215523
Complaints	209	402	502
Resolved through the exchange	196	347	402
Non actionable	8	36	77
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	5	19	23
No. of arbitration filed by clients	1	4	3
Decided by arbitrators in favour of the clients	1	4	2
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	1

Upstox complaint at BSE

	2023-24	2022-23	2021-22
Active Clients	783887	766578	499893
Complaints	37	28	43
Resolved through the exchange	34	24	43
Non actionable	7	8	5
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	3	4	0
No. of arbitration filed by clients	0	0	0
Decided by arbitrators in favour of the clients	0	0	0
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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110 Comments

50. Prasad Jadhav

| Link|May 21, 2020 2:59:05 PMReply

The Upstox Platform many times give error while trading in Options even having more than enough funds (BTW, the same F&O scripts i was able to trade on other brokers site). The worst part is when I tried to resolve issue or find out the reason by sending mail to their customer support, they just closed the ticket without even informing or providing any solution. I am their customer, earlier their platform was showing continuous error and now the platform is working but it doesn't it blocks orders for no reason.
I referred my friend there now i think its big mistake.

49. Sridhar

| Link|May 13, 2020 12:36:44 PMReply

I have added funds to my upstox account. Amount has been debited from savings account, but not yet credited to upstox. I have raised complaint yesterday, till now no response from support team.

48. Sabys

| Link|May 13, 2020 10:49:42 AMReply

Not able to login into Upstox app for last few days. I am never certain to be able to enter the app, it keeps on giving meaningless errors randomly.

47. Nita

| Link|April 22, 2020 12:40:07 PMReply

My ticket id 1240951

Very poor service from upstox. They closed my MCX account without giving any notice.

When I mailed them on support@upstox.com i got reply as "With the current lockdown imposed due to the COVID-19 situation, we stopped taking tickets directly to support@upstox.com"

When I contacted CHAT they said, mail so and so document to support@upstox.com
On 9th April I sent all required documents and 1 recorded video as per their requirement to support@upstox.com

I again on email got reply as " With the current lockdown imposed due to the COVID-19 situation, we stopped taking tickets directly to support@upstox.com"

When I contacted chat again regarding they also provided copy-pasted reply to send so and so documents to support@upstox.com

We poor service. I am stuck badly.

46. ASHISH KUMAR RATHORE

| Link|April 20, 2020 7:06:29 AMReply

IT IS SHOWING "YOU HAVE NOT ANY HOLDING AND ZERO BALANCE" ON MY UPSTOX ACCOUNT....Sometimes I ALSO FACE LOGIN ISSUE....PLS SOLVE ASAP

45. Govind

| Link|April 16, 2020 5:58:02 PMReply

Hi,
I am not able to place orders in OC or OCO rejections notice comes. Can anyone help me with this issue to resolve the same.

Also, i am not able to place order for sell. The notification says you cant sell shares without buying the same.

44. Santhosh Reddy

| Link|April 15, 2020 8:52:51 PMReply

Hi,
First Issue
Daily Morning I am facing Login Issues.
I could not login till i create a ticket and get it resolved.

Second issue -
Please see the transactions
I have 9900 qty on hold from 1 month - IDEA

On Monday I bought additional 2100 quantity so total would be 9900+2100 =12000 and on the same day Monday I sold 2100
My balance qty should be - 9900
How come it is showing 7800/-

I lost money some money because of this
This is a severe issue
Please resolve ASAP

43. rohit Chandel

| Link|April 15, 2020 12:44:57 PMReply

Iam facing issues in login order and placementsome.times i dont even know my order is placed or not
My porfolio page won't open
What are you guys doing we are losing money because of you
When your app is not working atleast drop us an announcement that please dont trade today so we wont lose our money .

42. vivek

| Link|April 15, 2020 11:05:48 AMReply

experiencing a worst trading experience with upstox.. not even opening the app or web.
totally worst application..
never suggest to use for losing your hard earn money here.

42.1. Dushyant

| Link|April 15, 2020 12:02:58 PM

Not able to login
Support ticket closed automatically
No Support : No one there to support one
Even if you are logged in anyhow , trade will not execute or It execute after sometime .

42.2. Userbnp

| Link|April 15, 2020 12:17:47 PM

Hope broker. Highly unstable software. Irresponsible mangement team. When you place order nobody where it goes. No support. Just you have got chat-bot support, once you leave message you don't get response. It's a piece of shit software managed by ....

41. Udit

| Link|April 15, 2020 12:16:43 PMReply

Upstox is totally unreliable. I am losing money because of its unreliability.
Customer support is non existent.
Half the day you cant even see your holdings or positions.

40. kartheek

| Link|April 15, 2020 12:11:25 PMReply

Because of this app and site only I'm losing my money worst app experience no support getting from the customer care not even picking the call.

39. Kirtan acharya

| Link|April 15, 2020 12:02:47 PMReply

I am facing issue to login and it happened from last few days during morning hours and also had problem to place order for buy and sell due to your server issue I am facing money loss please do needful

38. vinay

| Link|April 15, 2020 12:02:43 PMReply

HI I'm not able to login its shows service unavailable and no one is response in support to its an worst case i have ever felt and who is responsible for the order, i got struck while placing the order and i didnt gent any notification of the order now how i need to assume the order has placed or not? If placed i am not able trade now who is responsible for the money.

37. Shubham jadhav

| Link|April 15, 2020 11:59:22 AMReply

Today i am in loss because of upstox were not login

36. Navdeep sharma

| Link|April 15, 2020 11:55:36 AMReply

Bahut hi gatiya service h. Kabhi bhi login issu hota h. Or kai bar order palace hi nhi hota ek bar me. Jisse time pr koi trade nahi kar pate h. Or upstox broker ki taraf se kisi bhi trha ka support nhi milta. Na inka customer care par baat ho pati h or na hi chat pr full support milta. Jyda tar problem login karne me hoTi h account login hi nhi hota h kai bar karne pr bhi

35. Shailesh

| Link|April 15, 2020 10:58:25 AMReply

Performance of Upstox has deteriorated significantly and the application has become highly unstable and unreliable.
There are login issues, and after umpteen login attempts if you are successful then there are order placement issues. You don't know where the order goes, it doesn't appear in the Order Box. There is huge delay in placement of order and actual execution and by that time the price has moved significantly- putting you in loss or eating away your profits significantly.

Suggest new guys not to open account and use Upstox till these issues are resolved.

34. JOBY ABRAHAM

| Link|April 10, 2020 8:24:24 PMReply

For the last one week,Upstox's service is very poor. Whenever there is a good movement in market, the application crashes. If this issue persists, I will surely deactivate this account. Also while selling there is a significant difference in amount after processing. I am waiting for this month's statement to determine whether there is some fraud happening. Two weeks before, some stocks of IBUL were missing,and I got it back only after complaining to the customer care. If this situation going on, I will complain to NSE And SEBI for sure

33. Gobu

| Link|April 10, 2020 1:07:09 PMReply

Last 27 March I withdraw amount 5000 rs from upstox still not credited in my bank account, I rise the issue for several times,still your side transaction success ,

32. Shilpa sahasrabudhe

| Link|April 9, 2020 10:51:18 PMReply

Facing login problem from last two days. Specially in morging hours it's very difficult to place orders. N after writing mail getting msg that ticket resolved all our executives not able to work since lockdown...

31. TAHA MEHDI

| Link|November 10, 2019 10:00:43 PMReply

i am having account with upstox since past seven years (7 years),
upstox launched mobile app in the year 2016,since then i am using mobile application.
on 20th june 2019 actual fraud came to my notice, i.e different prices on terminal and different on mobile app. difference was approximately 0-100 points, i raised complaint at NSE for this carelessness.
company's director (Amit Lalan) had a talk on this and agreed to pay compensation.
I am proceeding with the case further for justice through all legal sources available.
if any one faced such issues and faced losses by following mobile app (by trading, making decisions etc) can raise complaint at nse e-complaint against RKSV UPSTOX.

31.1. AVINASH

| Link|March 17, 2020 10:30:44 PM

DAILY MY CASH IS DEDUCTED WITHOUT ANY REASON EVENTHOUGH MY TRADE WAS IN PROFIT, REAL CHEATING