Upstox is certified with the market regulator Securities and Exchange Board of India (SEBI). It has exchange memberships with all the leading exchanges in India, including the NSE, BSE, and MCX. It is safe and a convenient option for all your stock market trading needs. And there are many benefits for trading with Upstox over any other brokerage firm in India.
As a low-cost broker, the first obvious benefit is you save tremendously. You are bound to save costs tremendously. Most brokers in India charge brokerage as a percentage of turnover, but not Upstox. So, you don’t pay brokerage on your trades with Upstox.
Another benefit with Upstox is the fact that we are an industry heavyweight. Despite beginning operations in 2012, our customers already account for Rs 5000 crore-worth daily turnover across all exchanges. This amounts to almost 2% of the total turnover on the NSE. We have tens of thousands of customers all across India in each and every state. This includes a lot of tier I, II, and III cities.
The market regulator Securities and Exchange Board of India (SEBI) has mandated that every broker verify the details of their customers as part of the Know Your Customer (KYC) norms. This includes conducting an In-person Verification (IPV). We conduct this process over the web. So, your account opening process is seamless as well as quick. The whole process of opening an account, thus, usually takes 1-2 working days. While most brokers take days, sometimes weeks, to open up trading accounts for their clients, we strive to open yours as quickly and seamlessly as possible.
Upstox is also a strong proponent of leveraging technology. In fact, we consider ourselves as a technology-based firm that is placed in the financial services space. We look to constantly innovate and provide you with tools to help make better and wiser trading decisions. Our brokerage calculator, SPAN calculator, and options builder tool are just some examples of how we leverage technology to provide you with superior trading tools.
We pride ourselves in having one of the best customer service teams in India. We strive to answer all calls within 30 seconds to minimize hold times, and our online ticketing system ensures that queries are answered promptly.
This is why you are in safe hands when trading with Upstox.