Upstox is one of the fastest-growing stock brokers in India. The broking firm is primarily known for its reliability, speed, and ease-of-use. The discount broker has carved a niche in the segment by offering innovative technology at great prices. The broker offers across various segments like equities, commodities, futures, currency, and options that can be bought using Upstox Pro Web and Upstox Pro Mobile Trading platforms. Upstox is sponsored by a cluster of investors like Kalaari Capital, Ratan Tata, and GVK Davix.
Upstox trading platform provides trading, analysis, charting and many more amazing trading features. This platform makes it simpler to put orders through mobile phones and web browser. Upstox trading platform is based on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).
Upstox offers totally free of cost trading account and free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is also possible through Upstox Pro. UpStox Pro is the paid version of UpStox for traders.
Upstox Account Opening
Upstox account opening charges are ₹249 in case of a trading account and ₹0 (Free) for Demat account. Upstox levies only ₹300 AMC for managing Demat account.
Some interesting things about Upstox are:
· Provides a wide range of financial services for around 10 years. In business since 2009.
· Has a client base of over 1 lakh.
· Offer in-house build innovative trading software Upstox.
· Equity delivery trades are provided at free of brokerage charges.
· Offer ₹20/order low-cost brokerage plan for Intraday, F&O, and Currencies & Commodities.
· Supported by leading investors.
· Attractive leverage plans are available for additional ₹10 brokerage.
· Member of SEBI, BSE, NSE, MCX, and CDSL.
To start trading in equities, currency or any other asset category on NSE and BSE, you would need to open a trading account, a demat account and a bank account associated with the same. With Upstox, you can open a trading account and a demat account with a single application. Connect your existing bank account with it and you are good to trade!
After opening an account with Upstox, you can count on their platforms like Upstox Pro Web and/or Upstox Pro Mobile to access NSE and BSE markets and trade in equities, derivatives, and currencies etc. With them, you can also choose to invest in mutual funds online.
What do I need for Upstox account opening?
To open an online account with Upstox, you would need the following information or scan documents:
· Aadhar Number
· PAN Number
· Canceled Cheque (Scanned)
· Bank Statement (Scanned)
· Signature Copy (Sign on an empty paper and scan)
Do ensure that your Aadhar Number is linked with your active mobile number. The process of online account opening would ask you for Aadhar number validation through OTP.
Upstox offers mobile and website based trading. Upstox's trading platform is build in-house by RKSV to make it super simple to place orders through mobile as well as web browser. As of now no trading terminal is available via Upstox. However, it is better to go through Upstox review before taking a step towards investing.
