Upstox Account Opening Process
Upstox was established in 2011 under the name of ‘RKSV Securities’ in Mumbai. Raghu Kumar, Ravi Kumar, and Srinivas Vishwanath founded it. The Upstox. It has received funding from reputed names like GVK Davix, Kalaari Capital, and Ratan Tata.
It became popular due to its easy account opening procedure which is free, and a flat trading cost of ¹20. Upstox helps customers trade across domains of equity (delivery & intraday), derivatives (future & options), and currencies.
Upstox is a trading platform that offers discount broker facilities. It provides trading services in Currency derivatives, Equity, Commodity, etc. Moreover, trading services are available at MCX, NSE, and BSE. Upstox has two types of trading platforms: one desktop-based and one web-based. Upstox app is free of cost and the broker is safe. In addition to that, it is a registered member of BSE, NSE, MCX, CDSL, and SEBI. As the exchanges audit Upstox regularly it is a safe and secure platform to trade from.
Upstox is one of the top discount brokers in India with high-graded technology at a very low cost. Moreover, some investors that have backed Upstox are GVK Davix, Ratan Tata, and Kalaari Capital. Upstox platform provides facilities for analysis, charting, trading with ample features. You can also trade in Equity Intra-day, F&O, and much more. There are two types of trading accounts under Upstox: Upstox Basic Plan and Upstox Priority Pack.
Trading Account helps for easy trading and execution of a trade by the traders in order to participate in the stock market. The trading account can be opened with the Upstox and you can do that online while sitting at your home.
First, you need to know if you have excess cash that you can use for investing rather than taking money on a loan. Moreover, you should not invest all of it no matter how tempting it will be, save for your needs and expenses. You should decide what is type of investment you will be going for like intra-day or long-term investment. Additionally, there is zero brokerage charged on delivery trades and Rs.20 on intraday.
Here are the tips that you need to follow for opening a trading account with Upstox in two different methods:
The new and high-tech Aadhar based registration requires no paperwork and is easy. In this method, you will provide your Aadhar card details for completion of the entire process of registration online. Additionally, you need to have an authentic/valid number that is linked to your Aadhar card. You will also require scanned copies of documents like Aadhar Card, PAN card, and a cancelled cheque on the device. As you will require to upload all these mentioned personal documents while the registration process will be going on after the Aadhar card is linked.
Here’s what you’ve got to do for Traditional paper registration of Trading Account:
Now after you complete these steps you need to send the form to the address mentioned below:
Upstox/RKSV Securities India Private Limited,
Online Account Opening Method
Here are the steps to open a Demat Account with Upstox in the Online method:
Trading Account Charges
There are three main charges that brokers levy on trading accounts. Those are:
You can even go for a demat account and trading account both at once. Moreover, you should explore what are the services provided by the broker and find the one that suits you the most. If you go for an online method for both trading and Demat accounts then you can do the whole procedure sitting at home. But if you are not so well versed with the technology and would rather prefer the traditional method you can do that too by the steps given above. Additionally, know the choices and chose right for your needs.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
I am an IT Professional, who really likes writing technical Stuffs.