Open a trading account with Upstox

You provide identity proofs and financial documents in order to open a bank account. You need similar proofs in order to open a trading account.

The process of opening a trading account with Upstox is simple. With online discount brokers like Upstox, you can open an account for trading. You can connect this account with bank accounts of all major banks.

In order to open a trading account with Upstox you would need to keep your Aadhaar Card and PAN Card handy. If you are KYC verified, then once we have your Aadhaar Card number, the system would be able to populate all your details in the online form.

With a trading account you can purchase and sell shares directly through your online account. You can use a sophisticated trading platform like Upstox Pro Web and/or Upstox Pro Mobile and place your trades. These trades will be carried out online via your broker.

The transactions conducted through a trading account with a broker get processed at the exchange level.

Opening a trading account with a traditional full-service broking firm involves a lot of paperwork. When opening a trading account with traditional brokers, traders have to provide multiple forms for opening an account, identity proofs and address verification documents.

Paperless Account Opening

It is less complicated to open an online trading account with an online discount broker like Upstox. Just make sure that your Aadhaar Card and PAN Card are KYC verified. Once you go to the online account opening form, enter your Aadhaar Card number and PAN Number. If you are KYC verified, then our system will populate all your information into the form. Please verify your personal details and ensure that your physical address and mailing address are current and updated.

You will be asked to submit the online form after which you can verify the details or change any particular information and submit your application.

Hence, all the documents that are required can be submitted online. You can go completely paperless.