Upstox – Open Free Demat Account | Upstox – Become A Pro Trader. Upstox Start Trading in Share Market, SIP, IPOs, Mutual Fund, Indices and Commodity – Trade Now!
Upstox is a rising player in the discount broking market, loved for its simple and affordable approach, including zero brokerage on equity delivery and affordable intraday trading. With over 10 million users, it’s outpacing rivals at a valuation of $3.5 billion. Comprehensive research reports, giving traders valuable insights for smart investment decisions and lots of useful tools, make it perfect for both newbies and experienced traders.
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Demat Account Opening Procedure & Steps for Beginners
If you’re looking to buy securities (like shares, mutual funds or ETFs) online, a dematerialized account is absolutely essential. Apart from the obvious benefits it offers (it’s cheaper and faster), it’s also a requirement when you wish to register yourself with any brokerage.
Steps to open a demat account
In today’s digital world, there really shouldn’t be any reason for you to be filling out physical forms when almost the entirety of your information can now be stored digitally. Fortunately, some brokers have the online processing part figured out. Customers can sign up and complete the registration process online. As long as you have an Aadhaar card with your mobile number linked to it, you’re good to go!
- Head to the Upstox online demat account opening page.
- Enter your basic details, and click Sign Up.
- Keep scanned copies (i.e. soft copies) of your documents (Aadhaar, PAN, Cancelled Cheque, and your latest bank statement) with you for when you are directed to upload them.
- Enter your Aadhaar details and the OTP you receive on your linked mobile number in order to verify your identity.
- That should be it. Your demat account should now be created.
Upstox Key Features:
- Annual Maintenance Charge: ₹0 for trading and ₹150 for Demat account
- Intraday Charges: 0.03% of trade value or ₹20, whichever is lower
- Types of Investments Options/Assets: Stocks, mutual funds, ETFs, IPOs, futures, and options
- Account Opening Charge: ₹0
- Brokerage Charges: Delivery: 0.1% or ₹20, whichever is less
- Tools Available: Brokerage Calculator, 2X Margin Pledge on over 450 Stocks, Option Chain With Greeks, F& O Smartlists, Live News, etc
- Customer Support: 24/7 customer support via email, chat, and phone
- Ease of Use: User-friendly trading platform, web and mobile app for Android and iOS, simple and intuitive interface, easy-to-understand charts and graphs
- Account Types: Regular trading account, Demat account, Trading account for minors
- Educational Resources: Resources like Trading Glossary, Knowledge Base, Market Talk, Stock Market Holidays Calendar 2024
- Market Access: Access to all major Indian stock exchanges, Trading in NSE, BSE, MCX, and NCDEX
- Safety and Security: 2-factor authentication, Data encryption, Secure servers, SEBI-registered broker
- Compliance: Upstox is regulated by SEBI, also registered with BSE, NSE, MCX, CDSL and NSDL.
- Violations: Upstox has no history of significant violations of SEBI regulations
Services Offered:
- Online trading in equity intraday, delivery, derivatives, commodities, and currency segment
- Upstox Invest
- Stocks
- Mutual Funds
- IPOs
- Sovereign Gold Bonds
- Trade (Futures & Options, Commodities, Currency)
- Demat Account
- Trading Account
- Online Trading
- Intraday Trading
- Future and Options
- Share Market
- Post-Trade actions
Pros:
- Competitive margins for intraday and F&O trading
- Comprehensive research reports
Cons:
- Limited customer support options