Are you looking for upstox free account opening offer than you should check out this brief review on what to expect from upstox stockbroker and also get the free coupon code for upstox in this post.
Upstox with more than 21,41,095 (2.1 million) active clients Upstox has secured the second position in India as per NSE latest data. They are reaching very close to the top broker i.e. Zerodha and have recently outpaced ICICIDirect.
You need to understand Upstox have achieved this feat in less than 9 years which is great.
RKSV Securities later changed to Upstox was founded in 2011, it was founded by Ravi Kumar, Raghu Kumar and Shrinivas Viswanath. RKSV stands for the initials of their names (RK for Ravi and Raghu Kumar and SV for Shrinivas Viswanath) later in 2016 the name has been changed to Upstox.
Upstox is backed by none other than Ratan Tata, Kalaari Capital, GVK Davixa and Tiger Global, recently they have announced building technology and platform to trade in US markets as well by next year.
Upstox is a SEBI registered discount broker and member of NSE, BSE, MCX.
You can trade and invest in different segments such as Equity, Derivatives, Commodity, Currency Futures, Mutual Funds, IPOs, Gold, ETF etc. They are depository participant (DP) for both NSDL and CDSL.
Recently Upstox have also officially partnered with VIVO IPLO 2021, which certainly going to increase its brand value as well as will attract more clients to its user base.
Recently Upstox have announced building technology and platform to trade in US markets as well by Mid of 2021 this year.
Let us first check out what kind of services and features you can expect from upstox broker later we will see the free account offer step by step.
Upstox Review in 9 Simple Points:
- Upstox is a discount broker not full time broker such as ICICIDirect, so do not expect stock recommendation as of now, may be in the future they come up with this things. Although even stock recommendation services at full time brokers are chargeable.
- Having said that Upstox does send free stock market reports everyday to its users on registered email address as well as other good to know info for it’s users.
- Upstox have fantastic trading platform for desktop/web/mobile app, you can do fundamental as well as technical analysis quite easily online.
- Upstox brokerages are quite lower, Rs.20 or 0.05% (Whichever is lower) per order, they also offers free equity delivery trades as well.
- Upstox offers brokerage or say commission free mutual funds investment and platform for its users.
- Upstox stock brokers are allowing free 3-in-1 Trading/ Demat/Bank account online paper-less
- You can earn up to 6% interest rates with amount held in your trading account with upstox
- Square-off timing at Upstox is 3:20 for equity and derivatives. Call and trade charges are Rs.20
- If you open account with upstox, for people who not only do intraday trade but make other investments, such as investment in ELSS, PPF, SIP’s, FD, RD, ETF’s etc., or looking for Loans or credit cards, Insurance etc. they can open 3-in1 account.
You will just need Pancard, Aadhar card and a signature on white paper while doing the online registration so keep this handy with you if you are only opening Equity cash (Stocks) segment and mutual fund account.
Whereas, It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency. You can submit one of the below documents.
- Income tax returns acknowledgment
- 6-month Bank statement
- Latest salary slip
- Demat holding statement, or
- A CA certifying your net worth
If you are thinking about margin offered at upstox than please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India due to SEBI Latest Margin Rule In Intraday Trading.
Let us check out the upstox free account opening offer in detail below, by the way you can read the complete review of upstox broker here.
Upstox Free Account Opening Offer Review:
Usually the account opening charges at upstox depends on the plans you take:
For Retail Clients:
Demat and Trading account– You can choose from a plan of Rs 249 and get brokerage credit worth Rs 400. A plan of 499 and get brokerage credit worth Rs 1000. A plan of 999 and get brokerage credit worth Rs 2500.
Keep in mind this charges are only a one time fee for opening the account as per your wish.
There will be a monthly maintenance charge of Rs 25 (excluding GST), which will be charged at the end of every month.
The AMC charges will be debited from your Trading a/c.
However, as a limited period through Upstox Free Account Opening offer you can open an trading and demat account absolutely free in upstox and also Get additional benefits with Upstox when you open an account through this link.
Free Digital Gold worth Rs.51 with every sign up
Open Free demat + trading account
Zero brokerage* on Stocks, Mutual Funds, Digital Gold, IPO and NFOs
Best online trading platform to do technical and fundamental research online
Keep in mind Upstox Free Account Opening Offer is for limited time period so do not wait and do the registration as soon as possible, you may not get the deal later on.
My Opinion On Upstox Broker:
Upstox as an stockbroker has made its place in the Indian stock broker industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.
They are now at the second position in India for having the most active clients and can be trusted without any doubt. The charges and brokerages are very much reasonable in comparison to other brokers, if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought.
So, if you are more of a trader making intraday trades on daily basis and looking for other segments such as Fixed deposits (FD), Recurring deposits (RD), PPF, ELSS, Loans like personal loan, home loan, insurance etc. than you should go with Upstox without any doubt.
To open an free account with Upstox right away click on this link.
If I have to rate upstox overall as an leading discount broker I will give it 9 out of 10, So, go ahead and open an free account with upstox online now there is nothing to lose its a win-win deal.
If you are a beginner in trading and investing, please read this amazing guide on how share market works in India?
Are you looking to invest a lumpsum amount in any fund, than you must know the future value of your investment. Use moneycontain lumpsum sip calculator with inflation here to calculate it easily in 3 steps.
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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.
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