Upstox is a popular online brokerage firm in India that provides a trading platform for buying and selling financial instruments such as stocks, derivatives, mutual funds, and exchange-traded funds (ETFs). The Upstox app is a mobile application that allows you to access the Upstox trading platform from your smartphone or tablet.
There are several Upstox benefits to opening a trading account. Some of the account opening benefits of Upstox are listed below:
- Upstox Convenience benefit: Upstox provides a user-friendly platform that allows you to buy and sell financial instruments online, without having to visit a physical brokerage office.
- Upstox Cost benefit: Upstox offers competitive brokerage rates, which can help you save money on trading fees.
- Upstox Research and analysis tools benefit: Upstox provides a range of tools and resources to help you make informed investment decisions, including market news and analysis, charts, and technical indicators adding another Upstox account opening benefit.
- Upstox Portfolio tracking benefit: Upstox allows you to track your portfolio and investments in real-time, so you can stay on top of market movements and make timely decisions.
- Upstox Mobile app benefit: Upstox has a mobile app that allows you to trade and manage your account from your smartphone or tablet.
- Upstox refer and earn benefits: Refer your friend to Upstox and get up to ₹200 referral bonus. In addition, become a Upstox partner and earn up to ₹1200 on each referral with 40% brokerage sharing.
- Upstox Customer support benefit: Upstox has a dedicated customer support team that is available to assist you with any questions or issues you may have.
In addition to these Upstox benefits, Upstox also offers a Demat account, which allows you to hold your securities in electronic form, and a savings account, which allows you to earn interest on your uninvested cash. Check the comparison between Groww vs Upstox.
Upstox account opening benefits for Intraday trading
The ease to do Intraday trading is another Upstox account opening benefit to trade using the app. Advanced trading view live charts is available for free. Follow these steps for Upstox intraday trading:
- Transfer money from your bank account to your Upstox account so that you can start investing.
- Through the use of your trading account, you have the ability to make a variety of orders, such as intra-day orders (in which stocks are purchased and sold over the course of a single market session), delivery orders (in which stocks may be held for as long as you desire), etc.
- To place an order, first, choose the kind of order you want to make (intra-day or delivery), then quote the price at which you want to purchase or sell shares, and then submit the information on the e-platform or by calling the brokerage over the phone.
- A transaction is considered to have taken place when someone in the market accepts the conditions of the offer that you have put out. There is a transaction involving both money and shares.
- You may also take advantage of margin trading via Upstox, which is another benefit of Upstox that involves the broker lending you a portion of the money you need to complete a short-term trade (mostly for intra-day trades).
- You may also trade in instruments other than equities, such as commodities or derivatives which is another Upstox account opening benefit
Upstox benefits of trading trading
Providing zero AMC charge is another one of the great Upstox benefits. The brokerage costs for Equity Delivery (purchasing Stocks and selling them after a few days, weeks, months, or years) are 20 or 2.5%, whichever is lesser per order. This charge applies to buying and selling Stocks after a few days, weeks, months, or years.
The brokerage costs for Equity Intraday trades (buying and selling stocks on the same day), Equity Futures trades, Currency Futures trades, and Commodities Futures trades are either 20 or 0.05% per order, whichever is lesser. These fees apply to all of these types of trades.
Twenty rupees is charged as brokerage costs for each order that is completed for equity options, currency options, and commodities options.
100% FREE Demat account
Demat + Trading account with zero account maintenance charges
₹0 commission* Mutual Funds and IPO investing
₹20* per order brokerage on Equity, F&O, Currency & Commodity (Ultra-low brokerage)
Excellent online trading platform (Website and Mobile App)
Margin against share is available