Finvasia vs Upstox Comparison: 2024

About Finvasia

Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.

Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.

Finvasia: an overview

Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

Finvasia vs Upstox Account Opening Charges: 2024

ChargeFinvasiaUpstox
Demat Account Opening Charges₹0 (Free)₹0
Trading Acc Opening Charges₹0₹249
Trading Account AMC₹0₹0
Demat Account AMC₹0 (Free)₹300 per year (paid monthly)

Finvasia vs Upstox Brokerage Charges and Plans : 2024

ChargeFinvasiaUpstox
Plan NameStandardBasic
Equity Delivery₹0₹0 (FREE)
Equity Intraday₹0₹20 per trade or 0.05% (whichever is lower)
Equity Futures₹0₹20 per trade or 0.05% (whichever is lower)
Equity Options₹0₹20 per trade or 0.05% (whichever is lower)
Currency Futures₹0₹20 per trade or 0.05% (whichever is lower)
Currency Options₹0₹20 per trade or 0.05% (whichever is lower)
Commodity Options₹0₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

Finvasia vs Upstox Margin / Exposure: 2024

SegmentFinvasiaUpstox
Equity Delivery1x1x (no margin)
Equity IntradayUpto 10xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Future2xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options1xBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Future1xBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options1xBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Future2xBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options1xN/A

Finvasia vs Upstox Currency Charges and Plans: 2024

Finvasia charge ₹0 for Currency Futures and ₹0 for Currency Options whereas Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.
ChargeCurrency Futures (Finvasia)Currency Options (Finvasia)Currency Futures (Upstox)Currency Options (Upstox)
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)₹0₹0No STTNo STT
Transaction / Turnover Charges₹115/crore₹4000/crore of premiumNSE: 0.00013% | BSE: 0.00062%NSE: 0.065% | BSE: 0.026% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore₹5/Crore₹5/Crore
Stamp ChargesAs per UT ₹10 or State-wise for some statesAs per UT ₹10 or State-wise for some statesState-wiseState-wise

Finvasia vs Upstox Commodity Charges and Plans: 2024

Finvasia charge ₹0 for commodity and Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity.
ChargeCommodity Futures (Finvasia)Commodity Options (Finvasia)Commodity Futures (Upstox)Commodity Options (Upstox)
BrokerageBased on Brokerage Plan SelectedBased on Brokerage Plan Selected
Securities Transaction Tax (STT)0.01% (on Sell side)0.01% (on Sell side)0.01% on sell trade (Non-Agri)\t0.05% on sell trade
Transaction / Turnover Charges₹260/ crore₹260/ crore0.0031%\t0.002%
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges₹5/Crore₹5/Crore₹5/Crore₹5/Crore
Stamp Charges₹0₹0State-wiseState-wise
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