How to Earn Money from Upstox 2023
Earning money is a necessity for our daily lives, and people are always searching for new ways to make money. Upstox app is one such way to earn money, which includes trading on Upstox, Upstox Refer & Earn, Upstox Partner Program, Mutual Funds, Gold, IPO, and more.
In this post, we will discuss in detail what Upstox is and how it works. Upstox is a mobile app that allows users to trade in stocks, commodities, currencies, and other financial instruments. Users can earn money by trading on Upstox, referring others to the app through the Upstox Refer & Earn program, and participating in the Upstox Partner Program.
Additionally, Upstox offers investment options in mutual funds, gold, IPOs, and other financial products. These options provide users with the opportunity to earn money through investment returns.
Overall, Upstox is a great option for individuals looking to earn money through trading and investment opportunities.
How to Open Upstox Demat & Trading Account
To open a Demat and trading account with Upstox, follow these steps:
1. Visit the Upstox website or download the Upstox app from the App Store or Google Play Store.
2. Click on the "Open Account" button on the homepage of the website or app.
3. Fill in your personal details such as name, email address, and phone number, and click on the "Next" button.
4. Enter your PAN card number and date of birth, and click on the "Next" button.
5. Fill in your bank details such as account number and IFSC code, and click on the "Next" button.
6. Upload the required documents, including a scanned copy of your PAN card, Aadhaar card, and a cancelled cheque or bank statement.
7. Once the documents are uploaded, a video call with an Upstox representative will be scheduled to verify your identity.
8. After the video call verification process is complete, your account will be activated.
9. You can then fund your account and start trading.
Note: Upstox offers two types of accounts - Basic and Priority. The Basic account is free, while the Priority account requires a subscription fee. The Priority account offers additional features such as higher leverage, priority customer support, and more.
Documents required for opening a demat account
To open a Demat account in India, the following documents are generally required:
1. PAN Card: A Permanent Account Number (PAN) card is mandatory for opening a Demat account. It serves as a unique identification number for the account holder.
2. Aadhaar Card: An Aadhaar card is also mandatory for opening a Demat account. It serves as a proof of identity and address.
3. Address Proof: An address proof such as a passport, driving license, voter ID card, or utility bill is required to verify the address of the account holder.
4. Bank Account Proof: A cancelled cheque or bank statement is required to verify the bank account details of the account holder.
5. Passport-size Photograph: One or two passport-size photographs are required for account opening and KYC (Know Your Customer) verification.
6. Income Proof: Some brokers or banks may require income proof such as salary slips, income tax returns, or Form 16 for opening a Demat account.
It is important to note that the specific documents required may vary depending on the broker or bank and the type of Demat account being opened. It is always advisable to check with the broker or bank for the exact documentation requirements before opening a Demat account.
How to create account in Upstox?
To create an account in Upstox, follow these steps:
1. Go to the Upstox website or download the Upstox app from the App Store or Google Play Store.
2. Click on the "Open Account" button on the homepage of the website or app.
3. Fill in your personal details such as name, email address, and phone number, and click on the "Next" button.
4. Enter your PAN card number and date of birth, and click on the "Next" button.
5. Fill in your bank details such as account number and IFSC code, and click on the "Next" button.
6. Upload the required documents, including a scanned copy of your PAN card, Aadhaar card, and a cancelled cheque or bank statement.
7. Once the documents are uploaded, a video call with an Upstox representative will be scheduled to verify your identity.
8. After the video call verification process is complete, your account will be activated.
9. You can then log in to your Upstox account and start trading.
Note: Upstox offers two types of accounts - Basic and Priority. The Basic account is free, while the Priority account requires a subscription fee. The Priority account offers additional features such as higher leverage, priority customer support, and more.
How to trade in upstox and earn money
To trade in Upstox and earn money, follow these steps:
1. Log in to your Upstox account using your credentials.
2. Fund your account with the desired amount.
3. Choose the scrip you wish to trade by searching for it in the search bar or using the market watchlist.
4. Click on the "Buy" or "Sell" button depending on whether you want to buy or sell the scrip.
5. Enter the quantity and price at which you want to trade.
6. Click on the "Place Order" button to confirm the trade.
7. Monitor the performance of your trade and exit the position when you think it's profitable.
8. Repeat the process for other scrips you wish to trade.
Additionally, you can also earn money through Upstox Refer & Earn program, where you can refer friends and family to Upstox and earn a commission for each successful referral. You can also participate in the Upstox Partner Program and earn money through commissions on brokerage fees.
It is important to note that trading involves risk and requires knowledge and experience. It is advisable to do thorough research and analysis before making any trades and to take precautions to manage risk.