What is Upstox? How to Make Money with Upstox? | Discount Broker in India
There are several ways to make money. Today, I am going to teach you new internet tactics to make fast money online. If you are someone interested in Mutual Funds and Stock Market, then the Upstox trading medium is a golden opportunity for you. Let’s look at how to make money with Upstox trading and how to open a free Demat account.
If you are a person with business mindset, you must be familiar with the fact that by investing in the share market you can make lakhs of rupees in a very short time. You may also know that Mutual Funds is a better option for long-term investment.
There are a very few online trading companies that provide a free Demat account, Upstox is one of them. Now, we are going to gain insight on how to open a free Upstox Demat account? Also, how to make money with Upstox without necessarily investing in share market? Before that, let’s see what is Upstox India?
What is Upstox India?
Upstox trading platform is India’s leading brokerage company that offers discount broker, equity and commodity trading solutions. If Mr. Ratan Tata has invested in the Upstox trading platform, then you can guess the popularity of the platform as well as the quality of its trading solutions.
Upstox India is a unique platform that offers BSE, MCX and NSE trading services for the lowest cost and has more than 1 Lakh active Demat accounts. This is because Upstox has an easy to use and reliable platform that is fully transparent.
There are several trading platforms out there that initially offer easy plans with various investment benefits to attract users only to reveal hidden terms and conditions once users turn into customers. Upstox is not one such platform. It is very easy to open an account with Upstox and use their products and services. There is no paperwork involved, all document verification is done online.
If you are a share market trading or Mutual fund investment enthusiast, then you will be looking for a platform in which you can complete the entire process at the same place. While there are several such platforms available online, why is Upstox better than others? Please read on to know why.
Upstox Review & Rating
Whenever customers go for an online purchase, be it a product or an investment, first and foremost they look at the reviews for the product or plan and decide to or not to shell out their hard-earned money. In this context, Upstox is the best online discount brokerage app that has over 30000 reviews and a 4.2-star rating.
It is very important for all online service & support providers who offer trading, Demat and mutual fund plans to have the best in class customer support. Also, they are expected to use a fast and reliable server as finance-related servers go down often and customers face problems.
Upstox’s customer support is world class and there is no risk of server going down as their server downtime is nearly 0.
Low Brokerage Charges
With other platforms, if you share trade, there are charges for holding a share. It is not the case with Upstox where even if you buy a share for a day, you pay 0 equity charges.
Full Online Services
When you want to share a trade, other platforms require you to submit paper documents offline and also demand Power Of Attorney (POA). With Upstox, it is up to you to submit documents, however you get open access to full trading document.
How to open Demat & Trading Account Online?
In order to open a Upstox trading or Demat account, you need scanned copies of a few basic documents. You can open the account entirely online on your smartphone or computer with the easy to use interface.
Documents required to open a Upstox trading or Demat account are:
- Pan Card
- Aadhar Card
- Address Proof: Latest electricity bill, voter card
- Bank Proof: 6 month bank statement, Passbook, Cancel Check
- Income Proof: Form 16, salary slip (only for commodity and derivatives trading)
- Signature: Scan signature
Note: You are required to have scanned copies of all documents so that you are able to upload them. Whatever Bank Proof you provide, please make sure that the IFSC code and MICR code is visible clearly.
With scanned copies of all mentioned documents, you are now ready to open Upstox Free Demat Account. Please follow the steps below and open your account.
Step 1. Open this link from your browser – Upstox account
As soon as you open the link, you can see the message, “Open a FREE Demat Account with India’s Fastest-Growing Broker” on your screen. On the right side there is an option to “Sign Up” wherein you can enter your Email address and Mobile number and “Send OTP” to your mobile number.
Step 2. Please enter your PAN number and Date of Birth and please click on “Next”.
Step 3. Here you have to enter your personal and account-related information
Step 4. Now, you should select your trading preferences and account type. Select the options for trading account and select “Basic” under Leverage Plan Option.
Step 5. You must enter your bank account details and upload a bank account proof.
Step 6. After putting in your bank account, you must upload your signature. If you selected commodity trading, then you must upload income documents as well.
Step 7. Enter Address details and upload front and back side scanned copies of your Aadhar card.
Step 8. Now upload PAN card copy and a photo.
After you have uploaded all documents, there is a little something that you will have to do to verify your account before you can sign in.
1. E-Sign with Aadhaar Card OTP
2. I will courier the form.
IF your Aadhar card is linked to your mobile number, then you can select option 1. Your account will be created right away.
If your Aadhar card is not linked to your mobile number, then you have to download the entire form and courier it to the address below. In this case it takes 5 to 6 days for your account to get created.
- RKSV Securities India Private Limited,
- Salasar Business Park,
- Off 150 Feet Flyover Road,
- Bhayandar West, Thane – 401101,
Step 9. If your Aadhar card is linked to your mobile number and you selected option 1 to create your account, then you will be led through a few steps to complete the process of account creation. Please watch the video below for guidance.
So friends, this is how you open a Upstox Demat account. However, we have another important information for you from the title, how to make money with Upstox? How can you earn money without trading? Please read on to know how.
How to make money with Upstox?
I have earned Rs. 8000 so far using Upstox’s Earning Program without any investment. You can also earn like me if you wish to. Before that, let me show you the Income proof of how I made money with Upstox.
When you successfully set up your account, you get access to Refer & Earn Program. You may refer your friends and make money with Upstox just like me. You can transfer your earnings to your bank account and invest the money in trading or Mutual Funds.
Create your Upstox account Today – Create Upstox account
Friends, if you want to invest in Mutual funds or trade using mobile, web or desktop, use Upstox discount brokerage platform. In this article, we showed you how to create Upstox trading account and how to make money with Upstox. Hope this was helpful to you, if you have any questions or doubts, please post them in the comments
Check Upstox Demat Account Full Process Here
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