What are advantages of Opening Demat and Trading account with Upstox?
- Asked By
- Updated On:30-Dec-2020
- Replies:1
Short Answer
Upstox is a great discount stock broker that provides excellent features at a lower cost. Some of the benefits of using Upstox are margin against shares, free equity delivery, ultra-low brokerage, bracket order, and cover order availability, mutual without any commission fee, excellent trading platforms, and more.
Detailed Answer
Upstox is a popular online discount stock broker offering services for traders and investors to trade in commodities and stocks associated with the stock market. The stockbroker is well-versed in what it has to offer as it’s in the stock broking business for many years and offers plenty of services for the same.
If you are looking for all the pros and advantages that the stockbroker has to offer, then we have enlisted them in great detail for you.
Advantages/ Pros of opening a Demat & Trading account with Upstox
- Upstox offers free equity delivery, and there is no brokerage associated with any transactions taking place in the respective segments.
- The mutual fund platform of the stockbroker offers several thousand mutual fund options. Traders or investors can choose any investment they want. It could be Sip or lump sum investments in the mutual funds.
- Once users open a Demat & Trading account with Upstox, they are enrolled in their iOS and Android mobile applications. It can be used without any additional charges.
- Upstox provides a unique chain tool that assists traders and investors in checking out comparison charts, circuit-level details, future prices, open low high close, in-depth market analysis, market volatility, public interest, and monitor several other market statistics for making a good investment.
- Through these web and mobile platforms, orders such as AMO, BO and OCO can be availed seamlessly.
- The stockbroker offers a unique tool where users can code their trading app or algorithms with Python to assist them in trading.
- Stop-loss features can be accessed from mobile as well as web applications.
- With the help of Amibroker AFL editor, users can execute all their codes and strategies quickly.
- There is a pro version of the trading platform with additional features such as indicators and market statistics to improve your trading experience further.
- There are standard trading tools and advanced trading tools that can be accessed by users without any hassles. But, the advanced tools require a monthly instalment for using its services and features.
- Irrespective of the trade you might carry out, there is a fixed or low brokerage scheme on every order.
- In the trading segment, there is a flat 20 rupee brokerage fee. The stockbroker is quite transparent about its fees that it charges.
- There a streamlined process in opening your Demat account without any hassles or hiccups.
- The stockbroker has tie-ups with more than forty banks across the country. Fund transfer to and from these banks can be availed easily.
In the end, almost all stock brokers offer services in their manner. Though some might offer extra things, others might offer you the bare bones of features that there is to offer. It comes down to the preferences of how traders, users and investors can use these advantages and convert them for their personal gains.
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Discussion (0)
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