I am looking towards Upstox demat account opening? Am I on right track?

When it comes to invest in stocks, people generally look for domain experts who possess detailed understanding of the markets and provide full-fledged helps to potential and existing clients. However, with the advancements in technology, it has become a lot easier to decode the complexity of stock markets and earn great returns. Upstox is one such technology-led platform that tends to bring in unprecedented levels of ease and comfort to both investors as well as traders.

If you’re planning to register yourself on Upstox, it is necessary for you to check its worthiness. This is because a smart decision taken in this regard is better decision for long time. If Upstox demataccount opening is in your mind, the following information would help you in taking a smart investment decision.

Earlier known as RKSV Securities, Upstox is one of the leading discount broking firms in today’s world and specializes in zero brokerage trading concept. Setup by Ravi Kumar, Raghu Kumar and Shrini Viswanath, Upstox now looks after nearly 2% of daily turnover of NSE. Upstox’ customers are able to trade on BSE, NSE and starting in 2016 on MCX.  (approx. Rs. 7000 crore daily traded turnover)

Upstox is supported by Mr. Ratan Tata, Kalaari Group and GVK Davix and hails itself as the country’s first technology-led low cost brokerage firm. This revolutionary trading platform is developed in-house by a team of software engineers at Upstox’ head office at Sunshine Towers in Lower Parel, Mumbai. Traders and investors can choose to employ state-of-the-art charting tools on Upstox Pro Web and Mobile platforms to examine the markets and make investments that guarantee great profits.

Upstox provides free brokerage on equity delivery trading and trading in Equity F&O, Equity Intraday, Commodities and Currency Derivatives can be performed for just ₹20 per order traded regardless of the order size. This simple means that even if you trade 10 lots of NIFTY in one trade, the brokerage would still be ₹20. Upstox also facilitate trading service in Mutual funds and you can manage the account from a single screen adding more convenience for customer with respect to trading.

In a big to deliver seamless trading experience to its traders and investors, Upstox offers LoginLess feature on their Upstox Pro mobile app. Loginless feature enables you to do several things, even if you don’t have an account, such as:

• ·         Quick and easy search for stocks, even the intricate ones
• ·         Get access to all NSE cash, Futures and Options and Currencies scrips
• ·         Use best-in-class charting tools
• ·         Create charts with multiple intervals, drawing studies and types
• ·         Apply 100+ technical indicators on real-time charts
• ·         Define unlimited no. of price alerts for instant updates
• ·         Generate unlimited customized watch-lists
• ·         Get real-time market feeds to stay updated on your scrips
•       Access preset watch-list of Nifty 50

Upstox’s brokerage plan is very easy and enticing. Trade in Equity Delivery is totaly free and for all other sections, you need to pay only ₹20 per order executed.

EQUITY DELIVERY BASED TRADES                              ZERO

Equity Intraday Trades                                                   0.01% per trade

Equity Futures/Options                                                 ₹20 per trade

Currency Futures/Options                                           ₹20 per trade

Commodity Futures                                                        ₹20 per trade

So, if you have Upstox account opening is mind, it is suggested to go with it without any doubt.

Why Upstox account opening is a win-win deal?

The first thing people love about Upstox demat account opening is that it employs mobile and web-based trading which means it takes away the hassles associated with demat accounts and stock trading.

In today’s fast-paced world, people have been running after money. And this is not just a fad but the growing inflation and rising commodity prices have compelled people to earn more and more money. No matter how much earn, you’re more likely to fall short of money for your lifestyle needs. For example, what if you wish to tour a remote place with your beloved wife but you came to know that is not enough funds for the tour. This is where getting extra income becomes necessary and there is nothing better than stock trading for this purpose.

And when it comes to invest in stocks, having a demat account is a prerequisite. There are lots of options available in regard to the opening of demat accounts but it is necessary to keep in mind that there are certain charges for each transaction you make. And technology also plays a key role in the utilization of these stock trading tools. Among various options, Upstox claims to be a fabulous option for traders and investors. Let’s know more details about this option below by checking its worthiness.

The first thing people love about Upstox demat account opening is that it employs mobile and web-based trading which means it takes away the hassles associated with demat accounts and stock trading. This trading platform is based out of a steadfast Omnisys NEST Order Management System and makes it a lot easier for you to trade without many glitches. There are lots of features this trading platform offers and there several other facilities offered by them which are exclusive to them only and that makes them one of the most preferred discount brokers in the country.

Upstox Demat Account Opening Procedure

Opening a Demat Account in Upstox is quite easy and the documents required and the procedure is as follow:

Documents: The documents needed for Demat and Trading account opening are –

• Identity proofs – Voter Id, Pan Card, and Passport, etc.
• Address Proofs – Electricity bills, Voter Id, AADHAR Card etc.
• Photographs – Two latest Passports sized photographs
• Any other documents as requested.
• There are two options – Choose the typical Account opening form or go paperless by filling the online form and frnish the AADHAR details to open your account.
• Procedure: Once the company gets the account opening form along with the requested documents –
• They would first verify the documents and the details you mentioned.
• Once the details are verified and the form is duly filled, your account will be opened from their end.
• You will get a Unique ID which means now you can start trading.
• The entire process takes around 24-48 hours for completion depending on the documents you have provided.
• If you are an NRI and opting for the paper forms, then download them and fill them duly and mail them to their mailing address with all the associate documents.
• There is a requirement of signing Power of Attorney document (POA) while opening the Demat and trading account with Upstox because the Stock Exchanges have defined the new rules for selling and transferring any shares from your Demat account you would require a POA.
• If you don’t have a KRA-register document, then you need to send a video to verify your identity at the end of the process.

Types of Accounts

There are primarily two types of Upstox demat accounts:

Basic Upstox Account: This account will only permit you to trade in the equity delivery segment using both mobile and website platform. The trading charges are nill for using the trading platform on Upstox for equity delivery and thus it is totally free.

Upstox Pro Account: In this case, you have to pay the brokerage for the trades in various segments. The procedure for opening the account is same as given above

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