Upstox Vs Finvasia – Comparison | Which Discount Broker is Better For Traders & Investor

Upstox Vs Finvasia – Comparison Review

Comparing Upstox vs Finvasia in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Upstox started as a stockbroker in the year 2009 with backend support from notable and renowned stock traders like Ratan Tata,

GVK Davis, and Capital Kalaari and is a member of BSE, NSE, MCX, and MCX-SX and lets one trade in Equity, Futures, Options, Currency and Commodity.

Finvasia is a renowned discount broker established in the year 2013 and within a very less period, it has got huge popularity.

Apart from their services in India, Finvasia also advises its clients on investments in fourteen other countries from Australia to Brasil.

The company also acts as FPI – Foreign Portfolio Investors for the companies who want to make investments in the Indian market and also who want to do cross border investments.

Upstox Vs Finvasia Overall Services: 

After deriving from different public domains, if we compare overall services of Upstox and Finvasia into segment-wise, we find that the scores are 80% and above for each of them in every parameter except, customer service is a bit concern for Finvasia.

Upstox Vs Finvasia AOC & AMC: 

While assessing Finvasia vs Upstox based on AOC & AMC it’s quite prominently noticeable that Finvasia provides all services free of cost while Upstox provides free service for only AMC of Trading and DP Service.

Upstox Vs Finvasia Brokerage Plan: 

When it comes to Brokerage plans, we find that both Upstox and Finvasia don’t have any such with them.

Comparison on Brokerage Charge: 

A piece of consolidated information available from various sources gives a clear vision that Finvasia surprisingly doesn’t charge any brokerage.

However, Upstox has a policy of charging a fixed amount from its customers. We here have compared Upstox vs Finvasia as below: 

Comparison on Transaction Charge: 

Transaction charges are a part of every transaction done and vary from company to company. When considered Upstox and Finvasia, the below table shows that charges are nearly the same for both. In few cases like Equity Futures and Options, Currency Futures and Options and also in Commodity, Upstox charges more than Finvasia.

Upstox Vs Finvasia Account Feature: 

Regarding Account Features, both Finvasia and Upstox have similar features except that Upstox also sends SMS alerts to their customers.

Upstox Vs Finvasia Trading Platform: 

In terms of usage of technology, choosing the right tool along with a robust platform is very important in terms of accuracy, ease of business and profitability, report generation and analysis and customer satisfaction.

The table below shows that both Finvasia and Upstox use various technologies, except no Mac version of Desktop computers found for both and Finvasia doesn’t have any Mobile and iPad Apps for the IOS platform.

Comparison of Products: 

In Products, we find that Finvasia and Upstox have quite a variety to serve their clients, while Finvasia has few more than Upstox, like online IPO Application, Bond / NCD and MF SIP Investment.

Upstox Vs Finvasia Margin / Exposure/ Leverage

In terms of Leverage, there are no differences between both Finvasia and Upstox.

Comparison on Customer Support: 

Both Finvasia and Upstox provide a variety of ways of customer support, except Upstox extends their additional support to their clients through their Branches as well.

Upstox Vs Finvasia DEMAT Account Feature: 

A whole lot of DEMAT account features are found in both Finvasia and Upstox. The only point to be noted is, Finvasia in some cases charges a fixed amount while Upstox charges on percentage bases with certain conditions.

Here we have compared Upstox vs Finvasia as below: 

Upstox Call Back Request

Conclusion: 

As a service provider both Finvasia and Upstox have their ways and approach of business policies and serving their customers, and each of them has pros and cons when compared. It is one’s individual choice and needs to choose the right broker between Upstox and Finvasia as per their exact need.