Rakuten Securities

4.2(1400)

FSA Japan

Upstox

3.9(1600)

SEBI

Rakuten Securities vs Upstox

Head-to-Head Comparison 2026

Our Verdict

Rakuten Securities has a higher rating of 4.2/5 compared to Upstox (3.9/5). Rakuten Securities has been in the market since 1999, making it the more experienced provider.

Comparison Table

Criteria	Rakuten Securities	Upstox
Rating	4.2/5 (1400 reviews)✓	3.9/5 (1600 reviews)
Regulation	FSA Japan	SEBI
Fees	¥0 commission for Japanese stocks (Super Discount), US stocks from 0.495%	₹0 for delivery, ₹20 per intraday/F&O order
Min. Deposit	0 ¥	0 ₹
Instruments	Japanese Stocks, US Stocks, Mutual Funds, Bonds, F&O, FX	Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs
Platforms	MarketSpeed II, iSPEED App, Rakuten Web	Upstox Pro App, Upstox Pro Web
Options Trading	Yes, stock options on OSE	Yes, F&O on NSE/BSE
Founded	1999	2009
Headquarters	Tokyo	Mumbai

Detailed Comparison

Fee Comparison

Rakuten Securities: ¥0 commission for Japanese stocks (Super Discount), US stocks from 0.495%. Minimum deposit: 0 ¥.

Upstox: ₹0 for delivery, ₹20 per intraday/F&O order. Minimum deposit: 0 ₹.

Product Range

Rakuten Securities (6 categories)

Japanese StocksUS StocksMutual FundsBondsF&OFX

Upstox (6 categories)

Indian StocksF&OCommoditiesCurrencyMutual FundsIPOs

Trading Platforms

Rakuten Securities

MarketSpeed II
iSPEED App
Rakuten Web

Upstox

Upstox Pro App
Upstox Pro Web

Regulation & Security

Rakuten Securities is regulated by FSA Japan (HQ: Tokyo).

Upstox is regulated by SEBI (HQ: Mumbai).

Who Is It For?

Rakuten Securities

Japan's leading online broker with Rakuten ecosystem integration

✓ Free trading of Japanese stocks (Super Discount)

✓ Integration with Rakuten Points and Rakuten Bank

✓ Over 25 years of experience, FSA-regulated

✗ Platform mainly in Japanese

✗ International stocks with higher fees

Upstox

Indian discount broker with Ratan Tata investment and modern app

✓ Free delivery trading on NSE and BSE

✓ Modern Upstox Pro platform with TradingView charts

✓ Notable investors (Ratan Tata, Tiger Global)

✗ Only Indian markets accessible

✗ Occasional server outages during high volume

Frequently Asked Questions

Is Rakuten Securities or Upstox cheaper?

Rakuten Securities charges ¥0 commission for Japanese stocks (Super Discount), US stocks from 0.495%. Upstox charges ₹0 for delivery, ₹20 per intraday/F&O order. The minimum deposit is 0 ¥ at Rakuten Securities and 0 ₹ at Upstox.

Which broker offers more products: Rakuten Securities or Upstox?

Rakuten Securities offers Japanese Stocks, US Stocks, Mutual Funds, Bonds, F&O, FX. Upstox offers Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs.

Which broker is better regulated?

Rakuten Securities is regulated by FSA Japan. Upstox is regulated by SEBI.

Is Rakuten Securities or Upstox better for beginners?

Rakuten Securities has a minimum deposit of 0 ¥ and offers MarketSpeed II, iSPEED App, Rakuten Web as platforms. Upstox has a minimum deposit of 0 ₹ and offers Upstox Pro App, Upstox Pro Web. Rakuten Securities has the lower entry barrier.

Rakuten Securities vs Upstox: Which broker is better overall?

The choice between Rakuten Securities (4.2/5, 1400 reviews) and Upstox (3.9/5, 1600 reviews) depends on your needs. Rakuten Securities: Japan's leading online broker with Rakuten ecosystem integration. Upstox: Indian discount broker with Ratan Tata investment and modern app.