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

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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.

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 ParticularsFinvasiaUpstox
Overall Rating4 out of 54.5 out of 5
Brokerage Charges5 out of 54.5 out of 5
Trading Platform4 out of 54.5 out of 5
Investments Offering4 out of 54 out of 5
Customer Service3 out of 54.5 out of 5
Broker Type Discount BrokerDiscount Broker
Stock ExchangesBSE, NSE, MCX,MCX-SX,NCDEXBSE, NSE, MCX
Upstox Vs Finvasia
Upstox Vs 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.

ChargesFinvasiaUpstox
Account Opening Fees- TradingFree150 Rupees
AMC of TradingFreeFree
Account Opening Fees- DEMAT0 Rupees (199 Rupees for POA)150 Rupees
AMC of DEMATFree150 Rupees PA (Waived for 1st year)
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.

ParticularsFinvasia BrokerageUpstox Brokerage
Multiple Brokerage Plans
Monthly Brokerage Plans
Yearly Brokerage Plans

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: 

ParticularsFinvasiaUpstox
Plan NameZero Brokerage Trading PlanMax 20 Rupees Per Order Trading Plan
Equity Delivery0 RupeesFree
Equity Intraday0 Rupees0.01% or 20 Rupees whichever is lower
Equity Futures0 RupeesFlat Fee 20 Rupees
Equity Options0 RupeesFlat Fee 20 Rupees
Currency Futures0 RupeesFlat Fee 20 Rupees
Currency Options0 RupeesFlat Fee 20 Rupees
Commodity Trading0 RupeesFlat Fee 20 Rupees
Minimum BrokerageNILNIL
Hidden ChargesNoInfo Not Available
FundingYes, 24% interest PAInfo Not Available
Call & Trade ChargesCall and Trade is free 20 Rupees Per Executable Order

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.

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ParticularsFinvasiaUpstox
Equity Delivery325 Rupees Per Cr325 Rupees Per Cr
Equity Intraday325 Rupees Per Cr325 Rupees Per Cr
Equity Futures190 Rupees Per Cr210 Rupees Per Cr
Equity Options5000 Rupees Per Cr5500 Rupees Per Cr
Currency Futures115 Rupees Per Cr150 Rupees Per Cr
Currency Options4000 Rupees Per Cr6000 Rupees Per Cr
CommodityNon-Agri: 260 Rupees Per Cr 
Agri: 175 Rupees Per Cr
Non-Agri: 360 Rupees Per Cr 
Agri: 275 Rupees Per Cr

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.

ParticularsFinvasiaUpstox
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILNIL

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.

ParticularsFinvasiaUpstox
Desktop Trading PlatformOMNESYS NESTDartStock/Nest Trader/Fox Trader
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailhttps://trade.finvasia.com/https://pro.upstox.com/
Mobile Site
Mobile Trading
Mobile Trading AppSCALPERTUpstox
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesBasic platforms are free, advance platforms are chargeable.Free

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.

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ParticularsFinvasiaUpstox
Equity Cash and F&O
Currency Derivatives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment OptionsNILNIL

Upstox Vs Finvasia Margin / Exposure/ Leverage

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

ParticularsFinvasia MarginUpstox Margin
Equity Delivery Leverage Leverage is not available for equity delivery.Leverage is not available for Equity Delivery.
Equity Intraday Leverage Maximum 10x or 10% considering Variable & ELM.Maximum 10x or 10% considering Variable & ELM.
Futures Leverage 1x implies real SPAN + Disclosure.1x implies real SPAN + Disclosure.
Options Leverage 1x implies real SPAN + Disclosure in Sell & Superior Leverage in Purchase.1x implies real SPAN + Disclosure in Sell & Superior Leverage in Purchase.
Equity CO Leverage Maximum 10x or 10% considering Variable & ELM, no future leverage for Cover Order.Maximum 10x or 10% considering Variable & ELM, no future leverage for Cover Order.
Futures CO Leverage 1x implies real SPAN + Disclosure leverage, No future Leverage for Futures Cover Order.1x implies real SPAN + Disclosure leverage, No future Leverage for Futures Cover Order.
Options CO Leverage 1x implies real SPAN + Disclosure leverage (Sell) or Superior Leverage (Purchase), No future Leverage for Options Cover Order.1x implies real SPAN + Disclosure leverage (Sell) or Superior Leverage (Purchase), No future Leverage for Options Cover Order.
Commodity Leverage 1x implies real SPAN + Disclosure in Sell & Superior Leverage in Purchase.1x implies real SPAN + Disclosure in Sell & Superior Leverage in Purchase.
Upstox demat account

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.

ParticularsFinvasiaUpstox
24/7 Customer Service 
Email Support 
Online Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number +911726670000/
+911724770000/
+919779097777
+91 22 6130 9999
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected] 
Knowledge Centre/Education Info Not Availablehttps://upstox.com/help-center/
Head Office Address Finvasia Securities Pvt Ltd
Plot #10,Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Upstox Corporate Office
Sunshine Tower,30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai – 400 013
Website https://www.finvasia.com/https://upstox.com/

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: 

 Particulars FinvasiaUpstox
DP SourceCDSLCDSL
DP ID 8430081800
DEMAT Account Annual Maintenance Charges(AMC)Free150 Rupees pa
Advance Deposit0 RupeesNIL
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)9 Rupees + 5.50 Rupees (CDSL Charges) for every transaction13 Rupees + 5.50 Rupees CDSL charges
Demat15 Rupees per certificate20 Rupees + 50 Rupees courier charges
Remat15 Rupees for every hundred securities + CDSL Charges100 Rupees for every hundred securities or 25 Rupees per certificate (whichever is higher)
Pledge Creation25 Rupees per transaction0.02% of the transaction value (Min 50 Rupees) + CDSL charges
Pledge Creation ConfirmationNIL0.02% of the transaction value (Min 50 Rupees) + CDSL charges
Pledge Closure25 Rupees per transaction0.02% of the transaction value (Min 50 Rupees) + CDSL charges
Pledge Closure ConfirmationNIL0.02% of the transaction value (Min 50 Rupees) + CDSL charges
Pledge Invocation19 Rupees per transaction0.05% of the transaction value (Min 50 Rupees)
Failed Instruction Charges49 Rupees50 Rupees
Other ChargesNilNil

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.

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