Upstox Review 2021 Brokerage Charges, Margin, Demat Account & Documentation
Nowadays everything has gone online, in such a situation, many people think about making money online. Well, there is a great way to earn money, but there are many ups and downs in it and we need a little more money to invest in it. If you want, you can invest money in the stock market even with less money, that too sitting at home online. If you are interested in things like Share Market, Mutual friend, then with the help of Upstox, you can invest in them sitting at home and earn good profits. In the below section you will also learn more about Upstox Review & Rating to know that you are investing your money at the right place or not?
What is Upstox?
Upstox is a platform that gives you the opportunity to invest in places like the stock market, mutual funds. It is one of the Leading Brokerage Companies in India that offers Trading Solutions like Discount brokers, Equity, Commodity. At present, there are very few companies that give you low price trading services for NSE, BSE, and MCX. Here you do not have to do any kind of paperwork. You can easily start trading by creating your account online.
How is Upstox Company Review & Rating 2021?
Before putting your money through any company, every person wants to know how that company is. Talking about Upstox, it is the app to get the best reviews and ratings in all the Online Discount Brokerage Apps in India. About 30 thousand people have given reviews on this and those who have downloaded have given it a 4.2-star rating.
Apart from this, it offers you such as Trading, Demat and Mutual Fund Investment. For this, you give fast customer support so that you can contact them immediately if you have any problems. There is also the risk of server down with them.
Whenever you buy a share, you have to pay its charge, but here you can buy the stock at a very low price. Many times some charges are not taken in your share on their behalf.
Whenever you invest or trade in the stock market, you have to give many types of papers, but here it is not so, you can scan all documents online and give them here and open your Demat account for free.
How to Open a Free Demat Account?
If you want to open a Demat account for free, you can open it with the help of Upstox. For this, you should have a scanned copy of some of your important documents, after which you can easily open a Demat account with the help of your phone or computer.
How To Open Demat Account in Upstox?
To open a Demat account, first of all, visit the website of Upstox https://upstox.com/.
Here, you will see an option named Open Demate Account, click on it.
Here you will see a Signup Box. In this, you have to enter your email and mobile number so that your number and email ID can be verified. An OTP will come to your mobile number, enter it here and proceed.
In the next step, you have to enter your PAN number and Date of Birth. After entering it, click on Next.
Now you have to give some personal information related to your account.
After this, you have to select Trading Preference and Account Type.
Now you have to give the bank details and you have to upload the related document.
After this, you have to upload your scanned Signature here. Along with this, proof of your income is also to be uploaded.
After this, you have to give your Address Detail and upload different scan copies of the front and backside of the Aadhaar card.
Now you have to scan the PAN card and photo and upload it here.
After submitting all the documents, you have to sign in, for which you are given two options. It contains 1) E Sign with Aadhaar Card OTP and 2) I Will courier the form. If your Aadhaar card is linked to your mobile number, then you should choose the first option. This will do your work immediately. If you want to choose another option, then you have to download and courier the form at the address given below. It takes 5-6 days.
RKSV” Securities India Private Limited
Salasar Business Park,
Off 150 feet flyover road,
Bhayandar West Thane- 401101 Maharashtra
Required Documents for open a Demat Account in Upstox
- Pan Card
- Aadhar Card
- Address Proof
- Income PRoof Salary Proof
- Scan Signature
- Bank Passbook
How to Earn Money by Upstox?
To earn money from Upstox, you have to invest, but if you create an account, then it is not necessary that you earn money only by investing. You can also earn money by participating in its Refer and Earn program. For this, all you have to do is refer this app to your friends. The more people who install the Upstox through your referrer, the more you will be able to earn money.
Apart from this, you can invest directly here by adding your account and after that, you can earn on the basis of the result of the stock market. Suppose today that you have traded in a company and its price has increased completely, then you will earn if its price decreases then you will lose.
If you are interested in the stock market and mutual funds, you can easily trade through Upstox. For this, you do not need to take the help of any broker or open a Demate account by taking many documents. With the help of this platform, you can easily do trading and invest in the stock market. If you want, you can earn money by referring to the app without any investment.