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Finvasia Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. Finvasia is having overall lower rating compare to Upstox. Finvasia is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for Finvasia is 94,480. Upstox is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Finvasia vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs Upstox's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs Upstox share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs Upstox's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs Upstox on Service

  Finvasia Compare
Finvasia
Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 94,480 24,01,555
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare Finvasia vs Upstox on Trading & Demat Account Opening Charges

Comparison of Finvasia with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Finvasia offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Finvasia with Upstox
Charges Finvasia Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Upstox on Plan Options

Plans are the most important feature you look when compare Finvasia with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Finvasia with Upstox on Plan Options
Plan Types Finvasia Upstox
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Finvasia vs Upstox on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare Finvasia with Upstox
Brokerage Charges Compare Finvasia Upstox
Plan Name Zero Brokerage Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Rs 0 2.5% or Rs 20 whichever is lower
Equity Intraday Rs 0 0.05% or Rs 20 whichever is lower
Equity Futures Rs 0 0.05% or Rs 20 whichever is lower
Equity Options Rs 0 Flat Fee Rs 20
Currency Futures Rs 0 0.05% or Rs 20 whichever is lower
Currency Options Rs 0 Flat Fee Rs 20
Commodity Trading Rs 0 Flat Fee Rs 20
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Info Not Available
Call & Trade Charges Free Rs 50 + 18% GST
Auto Square off Charges Free Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Finvasia vs Upstox on Transaction Charges

Compare Finvasia with Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Upstox
Transaction Charges Compare Finvasia Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for upstox
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Account Features

Compare Finvasia vs Upstox on Account Features

Compare Finvasia with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Finvasia offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Upstox offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Finvasia offers NRI where Upstox doesn't offers NRI Trading.

Account Features - Finvasia with Upstox
Account Features Compare Finvasia Upstox
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. Yes, Finvasia have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Upstox. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with Upstox
Trading Platform Compare Finvasia Upstox
Desktop Trading Platform OMNESYS NEST Upstox Pro
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://pro.upstox.com/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Upstox
Mobile Trading App Demo SCALPERT Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Upstox Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Finvasia vs Upstox on User Rating

  Finvasia Upstox
  17 Customer Reviews    Rate Finvasia 12 Customer Reviews    Rate Upstox
Fees Ratings 4.3 3.5
Trading Brokerage Rating 4.6 3.8
Trading Platform Usability 4.0 3.7
Customer Service Ratings 3.5 3.5
Overall Ratings 4.2 3.7
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Finvasia vs Upstox on Investment Offerings

Compare Finvasia with Upstox on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with Upstox
Investment Offerings Compare Finvasia Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs Upstox on Order Types

Order Type - Compare Finvasia with Upstox on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Upstox offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Upstox
Order Type Compare Finvasia Upstox
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Finvasia vs Upstox on Customer Service

Compare Finvasia with Upstox on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with Upstox
Customer Service Compare Finvasia Upstox
24/7 Customer Service Finvasia vs Upstox - 24x7 customer support No No
Email Support Finvasia vs Upstox - Email Support Yes Yes
Onine Live Chat Finvasia vs Upstox - Onine Live Chat Yes Yes
Phone Support Finvasia vs Upstox - Phone Support Yes Yes
Toll Free Number Finvasia vs Upstox - Toll Free Number No No
Through Branches Finvasia vs Upstox - Through Branches No Yes
Customer Care Number Finvasia vs Upstox - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 +91 22 6130 9999
Account Opening Process Finvasia vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs Upstox - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Upstox - Knowledge Center/Education https://finvasia.com/announcements https://upstox.com/help-center/
Head Office Address Finvasia vs Upstox - Head Office Address/Corporate 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 Finvasia vs Upstox - Company Website https://www.finvasia.com/ https://upstox.com/
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Tips/Research/Reports Published

Compare Finvasia vs Upstox on Research Reports, Tips

Compare Finvasia with Upstox on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with Upstox
  Finvasia Upstox
Research Mutual Funds Finvasia vs Upstox - Research Mutual Funds No No
Research Equity Reports Finvasia vs Upstox - Research Equity Reports No No
Research ETF Finvasia vs Upstox - Research ETF No No
Daily Market Report Finvasia vs Upstox - Daily Market Report No No
Free Tips Finvasia vs Upstox - Free Tips No No
Quarterly Result Analysis Finvasia vs Upstox - Quarterly Results No No
News Alerts Finvasia vs Upstox - No No
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Demat Account

Compare Finvasia vs Upstox on Demat Account

Compare Finvasia with Upstox on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for Upstox is ₹300 PA. Finvasia is a better choice in terms of Demat AMC compare to Upstox.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for Upstox is ₹13 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with Upstox
  Finvasia Upstox
DP Source CDSL CDSL
DP ID Finvasia vs Upstox - DP ID 84300 81800
Demat Account Annual Maintenance Charges(AMC) Free ₹300 PA
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹13 + ₹5.50 CDSL charges
Demat ₹15 per certificate ₹20 + ₹50 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹25 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation NIL 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹25 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation NIL 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹19 per transaction 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹49 ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Upstox on Special Offers and Promotion

Compare Finvasia with Upstox on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs Upstox on Special Offers and Promotion
  Finvasia Upstox
Pay In and Pay Out Options Finvasia vs Upstox - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Finvasia vs Upstox - Payout Time Up to 24 hrs except for bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Finvasia vs Upstox - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00