ReferUpstox Referral Code & Sign Up Bonus
Maximize your rewards when creating a new account.
Your Sign-Up Reward
5YCK7RBy using our link/code, we may earn a commission: "Earn Upto ₹200 when your friend successfully opens an Upstox account and completes their first trade.". This helps keep ReferBenefits free!
⚠️ SEBI Statutory Risk Disclaimer:
“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”ReferBenefits is an independent referral directory and does not provide investment advice. Brokerage rates and account terms are subject to exchange norms and broker policies.
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How to Claim Your Bonus
ℹ️ Outbound links on this page are affiliate links.Click on the referral link: https://upstox.onelink.me/0H1s/5YCK7RR. This link should auto-apply the referral code.
You will be redirected to the Upstox account opening page. Enter your mobile number and get an OTP to verify.
Proceed with the digital account opening process. You will need to provide your PAN, Aadhaar details, bank account information, and other personal details.
During the signup process, ensure that the referral code is visible or enter it manually if prompted (though usually it's pre-filled via the link).
Complete your KYC (Know Your Customer) verification by uploading necessary documents and completing in-person verification (IPV) if required, typically via a live video call or photo upload.
E-sign your application using Aadhaar OTP.
Once your account is successfully opened and activated, fund your Upstox trading account.
Make your first trade (e.g., buy a stock or invest in a mutual fund) to trigger the referral bonus.
Your bonus (Upto ₹200) will be credited to your Upstox account within the stipulated time frame, as per the offer terms and conditions.
✅ Pros
- 100% paperless 5-minute account opening via Aadhaar OTP & Digilocker.
- Zero account opening fee & zero AMC charges for the first year.
- Flat ₹20 or 2.5% (whichever is lower) on Intraday, F&O, Currencies, and Commodities.
- Zero commission on Direct Mutual Funds, Sovereign Gold Bonds (SGBs), and IPO applications.
- Advanced TradingView & ChartIQ integration with 100+ technical indicators and fast order execution.
❌ Cons
- Equity Delivery incurs a standard statutory DP charge of ₹18.50 + GST per company per day upon selling.
- Call & Trade orders carry an additional charge of ₹50 + GST per executed order.
- Physical branch advisory support is not available (100% digital discount broker).
Upstox Review 2026: Fast Charting, Zero Account Opening & Ultra-Low Brokerage
Upstox is a powerhouse discount broker backed by marquee investors including Ratan Tata and Tiger Global. Designed for retail investors and active traders alike, Upstox eliminates the heavy commissions charged by traditional legacy bank brokers while delivering high-speed execution through its Upstox Pro platform.
True Cost & Fee Structure:
- Account Opening Fee: ₹0 (Completely Free).
- Annual Maintenance Charges (AMC): ₹0 for the first year.
- Equity Delivery: Standard flat ₹20 or 2.5% (whichever is lower) per order.
- Intraday & F&O: Flat ₹20 per executed order across Equity, Currency, and Commodity derivatives.
- Direct Mutual Funds & IPOs: ₹0 commission — invest directly in asset management companies without distributor cuts.
Brokerage Savings Analysis:
Consider an investor executing 4 trades a month with an average trade size of ₹1,00,000:
- Traditional Bank Broker (0.50% fee): ₹500 per trade × 4 = ₹2,000/month (₹24,000 annually).
- Upstox (Flat ₹20 fee): ₹20 per trade × 4 = ₹80/month (₹960 annually).
- Total Annual Savings: ₹23,040 saved every single year, compounding directly into your wealth!
5-Minute Digital Account Activation:
Opening an Upstox account requires zero physical paperwork. Simply use code 5YCK7R, verify your Aadhaar via Digilocker, complete the quick IPV video selfie, and e-sign via NSDL. Your trading ID and CDSL Demat account number are generated within a few hours.
Support Our Independent Verification Research
If our in-depth fee comparisons and step-by-step guides helped you choose the right offer, kindly consider using our verified referral links/codes when signing up. It costs you absolutely nothing (you still receive the maximum verified sign-up bonus!), while directly supporting our editorial team to continue researching, testing, and bringing you genuine, high-paying referral benefits.
Frequently Asked Questions
What is Upstox?
Upstox is a leading discount brokerage firm in India, offering a platform for trading and investing in stocks, mutual funds, futures & options, commodities, and currencies at low brokerage charges.
How do I get the Upstox referral bonus?
To get the referral bonus, click on the provided referral link, complete your Demat and trading account opening process, ensure the referral code <strong>5YCK7R</strong> is applied, and then make your first trade. The bonus will be credited as per the offer terms.
Is Upstox safe for investing?
Yes, Upstox is a SEBI-registered stockbroker and a member of leading exchanges like NSE, BSE, and MCX. It employs robust security measures to protect your investments and personal data, making it a safe platform for investing.
What are the charges for trading on Upstox?
Upstox offers zero brokerage on equity delivery trades. For intraday, F&O, commodities, and currencies, they charge a flat fee of ₹20 per executed order or 0.05% (whichever is lower).
⚠️ Disclaimer
Please independently verify all details and terms of service of the third-party apps or platforms before participating. ReferBenefits is not responsible for any direct or indirect financial outcomes, profits, or losses.
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