

Upstox (earlier known as RKSV Securities) is a discount broker,
good for traders who look for low brokerages, high margins, and decent trading
platforms.
Upstox is best for you if you want to save your money on
brokerage. Upstox charge fix brokerage of only Rs. 20 per trade irrespective of
the trading volume.
(Here is the direct link to open a demat account with upstox
instantly )
Is Upstox Good
No Doubt, Uptstox
is one of the best discount brokers in India, especially for the traders. It is
completely safe reliable to start your investment & trading.
One side the Upstox
provides the fastest trading platforms which are the main need to book the high
profits in day trading.
On the other side,
you only need to pay flat Rs 20 per trade irrespective of your trade volume.
You can save huge
money on your brokerage as compared to the other service providers.
Upstox is a member of BSE, NSE, MCX and MCX-SX and
allows you to trade in:
·
Equity
·
Futures
·
Options
·
Currency
·
Commodity
What I liked about Upstox is their high tech and advanced trading
platforms.
My Experience with Account
Opening Process
The account opening process of Upstox is very fast when compared
to other discount brokers. The whole account opening process is online.
You can quickly open Upstox Demat and Trading account with the
help of Aadhaar Card and PAN Card.
You just have to keep following documents handy to fast track
your application.
Documents Required
·
Aadhaar Card
·
PAN Card
·
Cancelled Cheque
·
Address proof (other than Aadhar)
·
Latest Bank Statement with IFSC/MICR Code. (Cancelled cheque recommended)
·
Specimen Signature
(For any help or query feel free to call on 8737012345 / 7776012345)
You can start trading
immediately without signing any documents. Upstox may take up to 48 hours to
generate your trading login password (post completion of the application), but
I got my password the very next day.
You only need to
Sign PoA (Power of Attorney) document and courier to Upstox if you want to sell
and transfer Mutual Funds & Shares through them.
(Click to Visit Account Opening Page)
Zerodha Vs Upstox :
Online trading and mutual funds are becoming very popular these days for
investment. In order to invest in mutual funds and perform trading, one needs
to have a demat account and a trading account.
Demat account or dematerialized
account is an account that facilitates the customers to hold shares and
securities in the electronic format. Demat account keeps hold of all the
investments done by a customer in the form of shares, mutual funds, exchange
trading funds or government securities.
Online
trading account is an account which is needed to perform all the trading
activities with the help of unique trading id provided to each customer having
trading account. I will share the details about the requirements and charges of Zerodha vs Upstox and will make comparison between these two.
Account opening charges of Zerodha is Rs.300/-
(Demat and Trading Account: Rs 200
& Commodity Account: Rs 100) Whereas, in Upstox the account opening chrages is Nil.
Annual
Maintenance charges in Zerodha is Rs.300/- (excluding 18% GST ) Whereas AMC
(Annual Maintenance Charges) in Upstox is Rs.150/- (excluding 18% GST)
Equity
Delivery Charges are Nil in both Zerodha & Upstox
(For
better knowledge watch this video)
If you are looking for easy and advance trading platforms you
should go with Upstox.
Start Account Opening with Upstox
You would also get low brokerage charges and high margins which
are key points for trading.
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Wouldn't it be a good idea to create a course?