Are you looking for a platform to start your investment in the stock market? Upstox is a popular broker in India. More than 6 million Indians choose Upstox platform for trading in the stock market. Upstox provides various types of offers to their users. In this article we will discuss Upstox, types of account, how to open an upstox account, type of account and account opening charges.
Table of Contents
- What is Upstox?
- Types of Upstox Accounts
- Upstox Account Opening Process
- Documents Required
- Steps to Open an Upstox Account
- Upstox Account Opening Charges
- Account Opening Fee
- Annual Maintenance Charges
- Advantages of Opening an Upstox Account
- Frequently Asked Questions (FAQs)
What is Upstox ?
Upstox is one of the most popular discount brokers in India. Upstox has more than 6 million users on their platform. Upstox was founded in 2011 and it allows investors to invest in stock market. Upstox offers various types of features such as you can trade in stocks, futures, options, commodities, and currencies with a user -friendly platform where users can easily trade in stock market.
Types of Upstox account
Upstox provides two types of account :
Upstox Demat account
A demat account is a digital account where you can hold your shares and other securities in electronic form. Upstox provides a demat account where you can hold your shares in electronic form. Demat account is mandatory for trading in the stock market.
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Upstox Trading Account
Trading account is used for buy and sell in stock market, upstox provide trading account to their user to buy and sell stocks in the stock market
Upstox Account opening
Step to open an Upstox account
- Go to the upstox website or download the upstox App.
- Click on “Open an account” and enter your mobile number and email id.
- Give your PAN card Details and date of birth
- Give aadhar card details and upload aadhar card photocopy
- Enter bank details and upload photocopy of your bank statement
- Verified your mobile number and email id
- Verify KYC document with E- signature
- After compare KYC verification you need to wait 2-3 working days to activate your account
Open demat account in upstox you need the following documents
- PAN Card
- Aadhar card
- Bank statement
- Address proof
- Income Proof ( F&O trading )
Upstock account opening charges
Account opening Fee
Upstox does not charge to open a demat account or trading account online. you can open upstox account free of cost.
Annual Maintenance charges
Upstox does not charge any annual maintenance charge for a demat account.
Advantage of opening upstox account
Here are some advantage of opening demat account with Upstox
Low brokerage charges : one of the most popular broker upstox who charges lowest brokerage fee in India. Upstox brokerage fee Rs 20/- every execute order.
User friendly platform : upstox provides a user friendly platform for web as well as mobile apps, where users can easily trade in stock market.
Zero account opening fees : Upstox does not charge to open an account to their investor. You can open a demat account with upstox free of cost.
Zero Annual maintenance Fee : Upstox also does not charge an annual maintenance fee to their users.
Wide range of securities trade : Upstox offers a wide range of securities trade such as stocks, futures, options, commodities, and currencies.
Opening an Upstox account will be a great way to start your investment journey. Upstox offers a wide range of facilities with security trade. Upstox does not charge to open a demat account or annual maintenance fee. You can open a demat account with upstox completely online.
Upstox is one of the most popular discount brokers in India. Who allows their investors to invest in stock market.
A Broker is a person or a firm who will help you to invest in the stock market. Without a broker you can invest in the stock market directly.
You need some of your personal documents like PAN card, Aadhar card, bank details , photocopy .
Upstox does not charge to open an upstox account. You can open an upstox account free of cost.
Yes, Upstox is a safe and reliable platform for trading in the stock market. It is registered with SEBI.