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 30,27,803 (3 millions) active clients Upstox has secured the second position in India as per NSE latest data.
They are reaching very close to Zerodha and will certainly going to beat them within few more months, they have recently outpaced ICICIDirect by a long margin in term of active and total clients overall.
You need to understand Upstox have achieved this feat in less than 8 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 end 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:
- As per the latest data on NSE available, Upstox have highest number of active clients (users) in India, close to 30,27,803(3 millions) and overall 5 millions users.
- Upstox have one of the best trading platform for all devices known as Upstox Pro for Mobile and Desktop. You can do fundamental as well as technical analysis quite easily.
- Upstox trading platform have partnered with third party service integration as well such as Smallcase, Sensibull etc. They also send free market reports everyday at the market end for analysis.
- Upstox Pro mobile app is highest rated app in the stockbroking industry with 4.5 rating on playstore.
- You can Invest and trade in all segments at Upstox i.e. Equity (Stocks), FNO, Commodity, Currency on both NSE, BSE & MCX.
- Upstox Brokerage charges are lowest in industry, they charge Rs.20 or 0.05% (whichever is lower) and also offers free equity (stocks) delivery trades as well.
- Upstox also offers brokerage or say commission free direct mutual funds investment (SIP’s)
- If we talk about Margin at Upstox, after SEBI Rules on Intraday margin every stockbroker is giving same margin throughout India, hence this does not matter anymore.
- With Upstox you can also invest and trade in IPO’s, NFO’s, ETF, SGB, Digital Gold and many other financial products with so much ease.
- Upstox is also the Official Sponsor for IPL 2021 in India.
Overall, Upstox is one of the best stockbroker if you want to invest and trade in stock market without any doubt, hence rest assured and click here to open an Upstox account online for free for a limited time period within minutes.
You will just need Pancard, Aadhar card 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.
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 9.4 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?
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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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