Trading account & DEMAT account is required to trade in equities or any other asset class on NSE and BSE. With Upstox you can open a trading and DEMAT account linked with your existing bank account. Now you can go for trading!!
Upstox is India’s fastest growing & reliable brokerage platform in India. Along with its robust services great support services are also provided to the clients. Understanding the needs and requirements of the trader at different levels, for an instance, beginner investor seeks for more advice in order to play at least risk by picking up right stocks and mutual funds and an experienced trader is looking for low brokerage rates and high margins.
Upstox charges fix brokerage fees i.e., Rs.20 per trade irrespective of the trading volume of the trader. This made it one of the best discount brokers in India.
Documents Required For Trading Account Opening
Paperless Account Opening
- Aadhar Number
- PAN Number
- Canceled Cheque (Scanned)
- Bank Statement (Scanned)
- Signature Copy (Sign on an empty paper and scan)
Online Account Opening
Mobile Number linked with your Aadhar number that is also validated with OTP.
Pro Web By Upstox
Pro Web by Upstox offers the best charting tools with technical indicators that help a trader to understand the market trends and make decisions according to them.
One can adjust its chart according to their needs. There is 100+ pre-build indicators available to choose from. The order placement is so neat and clean & accurate that there are least chances of making mistakes. With its very amazing feature i.e. quick trade one can set their preferences so that they can quickly buy and sell at one tap.
Pro Mobile By Upstox
Trading on mobile has become a new trend and a must-have feature for any brokerage firm. Upstox has designed a mobile app with a combination of all web-based Upstox features for the convenience of traders and investors.
Download the mobile app and get registered for free. With a mobile app, you can place advance trading orders like bracket orders and cover orders. By setting price triggers in the mobile app of Upstox one can get real-time price alerts in the app with minimal data usage.
Benefits of opening Upstox Trading Account
Upstox is a complete trading platform for investors who consider making money on the stock market a serious game. Below mentioned are the major benefits of having an account with Upstox
▶️ Free DEMAT & Trading Account
➡️ Free Tips of Investing on account opening
▶️ Account opening in less than 10 minutes
➡️ Brokerage credit of Rs 500 (limited period offer)
▶️ Charting Tools with more than 100+ indicators
➡️ Rs. 20 brokerage fees irrespective of trading volume of the trader
▶️ Get access to web and mobile app of Upstox for transaction
➡️ Live Chat Support for every query
▶️ Get access to partner platforms of Upstox like Dartstock, Fox trader and NEST
➡️ Available in 2 languages- Hindi & English
▶️ One of the highest rates trading app with 1 lakh + Happy Customers
➡️ Low Account Opening and Maintenance Charges i.e. Rs 25 per month.
How to Open a FREE Account with Upstox?
➡️ Now enter your email address and mobile number(make sure that the mobile number you are providing must be linked with your Aadhar card)
▶️ Click on the “Send OTP” option. The OTP will be sent to your mobile number and email address
➡️ Enter the OTP and click on submit.
▶️ Control will be redirected to the next screen, it will ask for your PAN number and date of birth
➡️ Enter PAN number and date of birth and click on “NEXT”
▶️ Now fill out the basic details as these are the requirement from SEBI to open a DEMAT account.
➡️ Select appropriate details and click on “NEXT”
▶️ Now, it will ask you to choose your trading account preferences.
From the available two options user need to select the segment in which they want to trade. You can go for all the segments or either set one from the following.
First Set – Equity, Equity F&O and Currency F&O
Second Set – Commodity Trading
It is suggested that if you are new to stock market then you can go for first set only. Next you need to select from the “Priority” or “Basic” brokerage plan.
Select the segment in which you want to trade, select the plan of your choice and then click “NEXT”
▶️ Now, enter your bank details (this is required to link your bank account)
➡️ Then you have to upload your passport size photo and income proof
▶️ You can upload your bank statement of last 6 months, ITR return or salary slip as income proof
➡️ Upload your address proof like Passport, driving license, Aadhaar card
▶️ Now upload your PAN card and passport size photo
➡️ The last step is to sign the application digitally with an e-Aadhaar (if you have Aadhaar linked with your mobile number)
▶️ Alternatively, you can download the form, sign, and courier it to Upstox
Upstox 3 in 1 Account Review
Upstox provides free 3-in-1account (DEMAT, trading & saving account) in collaboration with Indusind bank. The savings account is a zero balance account and you will earn interest on the funds allocated from your saving a/c for trade.
You will also earn up to 6X rewards points per 200 rupees spent on all your debit card transactions. You can use the rewards towards brokerage charges.
Upstox’s brokerage attracts lots of potential traders, no matter that whether they are big or small. Moreover, its low brokerage rates welcome new investors, and people who are already paying more brokerage rates find it best.
In a nutshell, we can consider Upstox a versatile platform with web and mobile applications. The best this about Upstox is designed in such a way that a new investor can learn so much from it and grow their strategy by picking the right stock and on the other hand great platform for experienced professionals to invest and earn profits from their investments.