Upstox is an online brokerage firm in India that offers discounted trading services in a wide range of financial instruments, including equities, commodities, currencies, derivatives, and mutual funds. Their platform enables customers to trade and invest in financial markets conveniently from their homes or offices.
Established in 2011 and headquartered in Mumbai, Upstox is a registered stockbroker with the Securities and Exchange Board of India (SEBI) and a member of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Upstox provides a variety of trading products and services to its customers, which include:
- Equity Trading: Customers can buy and sell stocks listed on the NSE and BSE.
- Derivatives Trading: Customers can trade futures and options contracts on the NSE and BSE.
- Commodities Trading: Customers can trade commodities like gold, silver, crude oil, and natural gas.
- Currency Trading: Customers can trade currency pairs like USD/INR, EUR/INR, and GBP/INR.
- Mutual Fund Investments: Customers can invest in mutual funds through the Upstox platform.
One of the advantages of Upstox is its flat brokerage fee of Rs. 20 per order, which is lower than what many traditional full-service brokerage firms charge. Moreover, Upstox offers educational resources and tools to help customers make well-informed trading decisions.
The Upstox trading platform is available on desktop, mobile, and web-based applications, ensuring easy access to accounts and trading from any location. The platform also provides advanced trading tools such as charts, technical analysis features, and real-time market data.
To summarize, Upstox is an Indian online discount brokerage firm that offers trading services in various financial instruments.
They provide a range of trading products and services at a lower cost compared to traditional full-service brokers. With its accessible trading platform and advanced tools, Upstox aims to assist customers in making informed trading decisions.
How to Create Upstox Account
To create an account on Upstox, please follow these steps:
- Visit the Upstox website at https://bit.ly/3wlnRNJ
- On the homepage, locate and click on the “Open An Account” button.
- Enter your mobile number in the provided field and click on the “Get Started” button.
- You will receive an OTP (One-Time Password) on your mobile number. Enter the OTP and click on the “Verify & Continue” button.
- Fill in your personal details, including your name, email address, and date of birth.
- Provide your address details, including your address, city, state, and pin code.
- Enter your bank details, including the bank name, account number, and IFSC code.
- Upload scanned copies of your PAN card, address proof, and a passport size photograph.
- Indicate your trading preferences, such as the type of trading account you wish to open and your trading experience.
- Agree to the terms and conditions of the Upstox account opening process.
- Review the information you have entered and click on the “Submit” button.
- You will receive an email confirmation from Upstox containing your account details and a link to download the Upstox trading platform.
- Download and install the Upstox trading platform on your computer or mobile device.
- Log in to your Upstox account using the credentials provided in the confirmation email.
- Transfer funds to your Upstox account to begin trading.
It is important to note that you may be required to complete the KYC (Know Your Customer) process before your Upstox account is activated. This may involve additional steps, such as providing physical copies of your documents and having a face-to-face meeting with a Upstox representative.
In conclusion, creating a Upstox account involves providing personal and financial details, uploading scanned copies of necessary documents, and agreeing to the terms and conditions. Once your account is activated, you can start trading using the Upstox trading platform.
Upstox Refer and Earn
Upstox provides a refer-and-earn program that allows customers to earn rewards by referring their friends and family to open a Upstox account. Here’s how you can participate:
- Log in to your Upstox account.
- Look for the “Refer and Earn” option in the menu and click on it.
- Share your unique referral link with your friends and family through email, social media, or messaging apps.
- When someone clicks on your referral link and successfully opens a Upstox account, you will receive a referral bonus.
- The referral bonus will be credited to your Upstox account after the referral completes the account opening process and starts trading on the Upstox platform.
The amount of the referral bonus depends on the number of successful referrals you make. Here is the referral bonus structure:
- For 1 to 5 successful referrals, you earn a bonus of Rs. 300 per referral.
- For 6 to 10 successful referrals, you earn a bonus of Rs. 500 per referral.
- For 11 to 25 successful referrals, you earn a bonus of Rs. 700 per referral.
- For 26 to 50 successful referrals, you earn a bonus of Rs. 1000 per referral.
- If you make more than 50 successful referrals, you earn a bonus of Rs. 10,000 per referral.
It’s important to note that the referral program is subject to terms and conditions. The referral bonus will only be credited to your Upstox account once the referred person successfully opens an account and starts trading on the platform.
In summary, the Upstox refer-and-earn program offers customers an opportunity to earn rewards by referring others to open a Upstox account.
The program provides a referral bonus based on the number of successful referrals, and the bonus amount can be as high as Rs. 10,000 per referral.
