Last Updated on October 27, 2023 by Wenivesh Team
Upstox is an online discount brokerage firm that offers trading and investment services in the Indian stock market. It was founded in 2011 and is based in Mumbai, India. Upstox provides its clients with a user-friendly trading platform that can be accessed via a web browser or mobile app. The platform offers a range of features including real-time market data, charting tools, research reports, and advanced order types. In this article, we will be helping you in explaining How to Use Upstox App in just 9 easy staps for stock trading and investment.
What is Upstox
Upstox is known for its low brokerage fees, which make it an affordable option for traders and investors. With Upstox, users can trade in equities, futures, options, currencies, and commodities. The company also offers a variety of educational resources to help users learn more about the stock market and investing. Upstox is a user-friendly stock trading and investment platform designed to help individuals invest in the stock market seamlessly. In this step-by-step guide, we will take you through the process of how to use Upstox App to trade in the stock market.
Also Read : Zomato Share Price History, Current Price Live, Targets And Risk
Here are the 9 Steps on How to Use Upstox App
1. Download And Install Upstox App
The first step to using Upstox App is to download and install it from Google Play Store or App Store on your mobile device.
2. Create An Upstox Account
Once you have downloaded the Upstox App, the next step is to create an account. You will need to provide your mobile number and email ID to create an account.
Click Here To Open Upstox Demat Account
3. Complete The KYC Process
The next step is to complete the KYC (Know Your Customer) process. This is a mandatory process that helps to verify your identity and ensures that you are eligible to invest in the stock market.
4. Add Funds To Your Upstox Account
To start investing, you will need to add funds to your Upstox account. To do this, go to the “Add Funds” option in the App, and select your preferred mode of payment. You can add funds via UPI, Net Banking, Debit Card, or RTGS.
5. Start Trading
Once you have added funds to your account, you can start trading. To buy or sell stocks, go to the “Trade” option in the App and select the stock you want to buy or sell. You can search for stocks by name, symbol, or ISIN.
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6. Place Your Order
After selecting the stock, enter the quantity you want to buy or sell, and the price at which you want to buy or sell the stock. You can place orders in three different ways:
a) Limit order: Buy or sell stocks at a specific price.
b) Market order: Buy or sell stocks at the current market price.
c) Stop-loss order: A pre-defined order to buy or sell a stock when it reaches a certain price.
7. Monitor Your Portfolio
After placing your order, you can monitor your portfolio in the App. You can view the status of your orders, the profit or loss, and other important information related to your investments.
8. Withdraw Your Funds
If you want to withdraw your funds, go to the “Withdraw Funds” option in the App and select the mode of payment. You can withdraw funds via UPI, Net Banking, or RTGS.
9. Stay Updated
Finally, to stay updated with the latest news and trends in the stock market, go to the “Market News” option in the App. Here you can get real-time market updates, news, and analysis.
Click Here To Open Upstox Demat Account
Conclusion:
In conclusion, using Upstox App is a simple and convenient way to invest in the stock market. By following these steps, you can start investing and make the most of your money. Also we hope that our article on How to Use Upstox App was really helpful for you in trading and investing.
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Frequently Asked Questions (FAQ’s)
How can I open an account with Upstox?
To open an account with Upstox, you can visit their official website or download the Upstox App from the app store. Follow the account opening process, which includes providing your personal and financial details, submitting required documents for verification, and completing the KYC process.
Is Upstox a reliable platform for trading?
Yes, Upstox is considered a reliable platform for trading. It is registered with regulatory authorities like the Securities and Exchange Board of India (SEBI) and follows the necessary compliance and security measures to safeguard users’ data and investments.
What is Upstox Pro?
Upstox Pro is a comprehensive trading platform offered by Upstox. It provides advanced charting tools, technical analysis indicators, real-time market data, and allows you to place various types of orders like market orders, limit orders, stop-loss orders, etc.
Does Upstox offer mobile trading?
Yes, Upstox provides mobile trading through its Upstox App. The app is available for both Android and iOS devices, allowing you to trade on the go, access market information, and manage your portfolio.
Can I trade in derivatives with Upstox?
Yes, you can trade in derivatives like futures and options using Upstox. It offers the facility to trade in equity derivatives, currency derivatives, and commodity derivatives.
Can I invest in mutual funds through Upstox?
Yes, Upstox offers a platform to invest in mutual funds as well. It provides access to a wide range of mutual funds from different asset management companies (AMCs) through its app and website.
Also Read : Zomato Share Price History, Current Price Live, Targets And Risk
Hope our blog on How to Use Upstox App was helpful to you !!