Finvasia and Upstox are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Finvasia is listed as a Private Discount Broker , established in 2009 and headquartered in Mohali, while Upstox is listed as a Private Discount Broker , established in 2011 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Finvasia or Upstox is a better fit for your investment style, platform preference, and budget.
Finvasia is listed as a Private Discount Broker established in 2009 with headquarters in Mohali and founded by Tajinder Pal Singh & Sarvjeet Singh. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, live market tracking and multi-profile management. It follows a Standard Plan brokerage structure.
Upstox is listed as a Private Discount Broker established in 2011 with headquarters in Mumbai and founded by Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Finvasia vs Upstox — A Comprehensive Company Overview
| Company Overview | Finvasia | Upstox |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mohali | Mumbai |
| Founder | Tajinder Pal Singh & Sarvjeet Singh | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath |
| Establishment Year | 2009 | 2011 |
| Brokerage Plan | Standard Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Finvasia and Upstox.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Finvasia charges Free while Upstox charges Rs.20 per Trade or 2.5%, whichever is low.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Finvasia charges Free while Upstox charges Rs.20 per Trade or 0.05% (whichever is low).
Equity futures: This charge applies to futures contracts on stocks and indices. Finvasia charges Free while Upstox charges Rs.20 per Trade or 0.05% (whichever is low).
Equity options: This charge applies to equity option contracts. Finvasia charges Free while Upstox charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Finvasia charges Free while Upstox charges Rs.20 per Trade or 0.05% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. Finvasia charges Free while Upstox charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. Finvasia charges Free while Upstox charges Rs.20 per Trade or 0.05% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Finvasia charges Free while Upstox charges Rs.20 per Trade.
Finvasia vs Upstox — Detailed Brokerage Comparison
| Brokerage | Finvasia | Upstox |
|---|---|---|
| Brokerage Plan | Standard Plan | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Free | Rs.20 per Trade or 2.5%, whichever is low |
| Equity Intraday | Free | Rs.20 per Trade or 0.05% (whichever is low) |
| Equity Future | Free | Rs.20 per Trade or 0.05% (whichever is low) |
| Equity Option | Free | Rs.20 per Trade |
| Commodity Future | Free | Rs.20 per Trade or 0.05% (whichever is low) |
| Commodity Option | Free | Rs.20 per Trade |
| Currency Future | Free | Rs.20 per Trade or 0.05% (whichever is low) |
| Currency Option | Free | Rs.20 per Trade |
Finvasia provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Upstox provides mobile app access, web trading and algo trading support for its users.
Android app: Finvasia and Upstox both list an Android trading app.
iOS app: Finvasia and Upstox both list an iOS trading app.
Web trading platform: Finvasia and Upstox both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Upstox lists algo trading support, while Finvasia does not currently mention it.
Basket trading: Upstox lists basket trading, while Finvasia does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Finvasia and Upstox both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Finvasia vs Upstox — Complete Comparison of Trading Platforms
| Trading Platform | Finvasia | Upstox |
|---|---|---|
| Android App | Finvasia Android App Link | Upstox Android App Link |
| iOS App | Finvasia iOS App Link | Upstox iOS App Link |
| Web Trading Platform | Finvasia Web Trading Link | Upstox Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Finvasia highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, live market tracking and multi-profile management, while Upstox promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Finvasia and Upstox offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Finvasia and Upstox offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Finvasia and Upstox offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Finvasia and Upstox offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Upstox offers this; Finvasia does not currently highlight it.
Live market: Live updates on market movements and trends. Both Finvasia and Upstox offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Finvasia offers this; Upstox does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Finvasia and Upstox offer this feature.
Finvasia vs Upstox — Comprehensive Comparison of Trading Features
| Trading Feature | Finvasia | Upstox |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | No |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | No | No |
| Interactive Charts | No | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Finvasia and Upstox.
Free account opening: Finvasia and Upstox both list free account opening.
Free AMC: Finvasia lists free Demat AMC, while Upstox does not currently mention it.
Free brokerage: Finvasia lists free brokerage, while Upstox does not currently mention it.
Flat brokerage: Finvasia and Upstox both list flat brokerage pricing.
Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Finvasia lists free delivery trading, while Upstox does not currently mention it.
Free intraday trading: Finvasia lists free intraday trading, while Upstox does not currently mention it.
Free F&O trading: Finvasia lists free F&O trading, while Upstox does not currently mention it.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Finvasia offers 50 Reward Points per Client while Upstox offers Upto Rs.700 per Client for referrals.
Finvasia vs Upstox — Comparison of Latest Offers
| Offer | Finvasia | Upstox |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | No |
| Free Brokerage | Yes | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | Yes | No |
| Free Intraday Trading | Yes | No |
| Free F&O Trading | Yes | No |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | 50 Reward Points per Client | Upto Rs.700 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Finvasia highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Upstox highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options and mutual funds.
Finvasia vs Upstox — Complete Comparison of Products
| Product | Finvasia | Upstox |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Finvasia and Upstox both list Demat services.
Trading services: Finvasia and Upstox both list trading services.
Intraday services: Finvasia and Upstox both list intraday trading services.
F&O services: Finvasia and Upstox both list F&O services.
IPO services: Finvasia and Upstox both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Neither broker currently highlights stock research.
Stock recommendations: Neither broker currently highlights stock recommendations.
Trading education: Upstox lists trading education, while Finvasia does not currently mention it.
Share pledging: Finvasia and Upstox both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Finvasia lists NRI services, while Upstox does not currently mention it.
Finvasia provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while Upstox offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
Finvasia vs Upstox — In-Depth Comparison of Services
| Service | Finvasia | Upstox |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | No |
| Stock Recommendations | No | No |
| Trading Education | No | Yes, UpLearn |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | Yes | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Finvasia and Upstox.
Finvasia and Upstox — Detailed Comparison of Advisory Services
| Advisory | Finvasia | Upstox |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes, chargeable | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| IPO Reports | No | Yes |
| Technical Reports | No | No |
| Stock Tips | Yes, chargeable | No |
| Daily Top Stock Picks | Yes, chargeable | No |
| Daily Market Review | No | No |
| Monthly Review | No | No |
| Weekly Review | No | No |
| Relationship Manager | Yes, chargeable | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Finvasia and Upstox across different segments.
Finvasia and Upstox — Comprehensive Comparison of Trading Exposure
| Exposure | Finvasia | Upstox |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1.3x |
Finvasia and Upstox both list a sub-broker program. Finvasia and Upstox both list a partner program. Finvasia and Upstox both list a referral program.
Finvasia vs Upstox — Comparative Analysis of Programs
| Program | Finvasia | Upstox |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes, Limited | Yes |
| Referral Program | Yes | Yes |
Finvasia provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Upstox provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Finvasia and Upstox — Comprehensive Comparison of Customer Support
| Support Channel | Finvasia | Upstox |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | Available, Chargeable |
| Call Support | 0172-4740000, 0172-6750000 | 022-41792999 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | NA | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Finvasia carries an overall rating of 7.24 / 10, while Upstox carries an overall rating of 9.80 / 10.
Finvasia vs Upstox — Ratings Comparison
| Rating Parameter | Finvasia | Upstox |
|---|---|---|
| Overall Rating | 7.24 / 10 | 9.80 / 10 |
| Customer Support | 7.21 / 10 | 9.76 / 10 |
| Technology | 7.33 / 10 | 9.92 / 10 |
| Charges | 7.27 / 10 | 9.84 / 10 |
| Products & Services | 7.20 / 10 | 9.84 / 10 |
| Experience | 7.18 / 10 | 9.72 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Finvasia & Upstox — Comparison of Customer Complaints
| Complaint Metric | Finvasia | Upstox |
|---|---|---|
| Total Complaints Lodged | 31 | 299 |
| Total Complaints Resolved | 21 | 258 |
| % of Resolved Complaints | 67.74% | 86.29% |
| Non-Actionable Complaints | 3 | 28 |
| % of Non-Actionable Complaints | 9.68% | 9.36% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Finvasia and Upstox.
Finvasia vs Upstox — Detailed Comparison of Transaction Charges
| Transaction Charges | Finvasia | Upstox |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.0019% (NSE & BSE) | 0.0019% (NSE & BSE) |
| Equity Option | 0.05% (on premium) | 0.05% (on premium) |
| Commodity Future | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
| Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | 0.0009% (NSE) & 0.00022% (BSE) |
| Currency Option | 0.035% (NSE) & 0.001% (BSE) | 0.035% (NSE) & 0.001% (BSE) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Finvasia & Upstox — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Finvasia | Upstox |
|---|---|---|
| Pledge Creation Charges | Rs.20 per Request | Rs.50 per Request |
| Pledge Invocation Charges | Rs.20 per Request | Rs.50 per Request |
| Margin Trading Interest | 0.05% per day | 0.048% per day |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Finvasia and Upstox — Detailed Comparison of Hidden / Other Charges
| Charge | Finvasia | Upstox |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.30 per Scrip on Sell | Rs.18.5 per Scrip only on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Nil | Free |
| Reactivation Charges | Nil | Free |
| Dematerialisation Charges | Rs.30 per Certificate | Rs.20 per Certificate |
| Call & Trade Charges | Rs.30 per Trade | Rs.50 + 18% GST per Trade |
Finvasia lists account opening charges of Free and Demat AMC of Free. Upstox lists account opening charges of Free and Demat AMC of Rs.150 per Year + GST.
Finvasia vs Upstox — Detailed Comparison of Demat Charges
| Demat Charges | Finvasia | Upstox |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Free | Rs.150 per Year + GST |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Finvasia vs Upstox — Comparative Analysis of STT and CTT Charges
| STT & CTT | Finvasia | Upstox |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell |
| Equity Future | 0.0125% on sell | 0.0125% on sell |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | 0.01% on sell (Non-Agri) | 0.01% on sell (Non-Agri) |
| Commodity Option | 0.05% on sell | 0.05% on sell |
| Currency Future | Nil | Nil |
| Currency Option | Nil | Nil |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Finvasia and Upstox — Comparison of Stamp Duty Charges
| Stamp Duty | Finvasia | Upstox |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% on buy |
| Equity Intraday | 0.003% on buy | 0.003% on buy |
| Equity Future | 0.002% on buy | 0.002% on buy |
| Equity Option | 0.003% on buy | 0.003% on buy |
| Commodity Future | 0.002% on buy | 0.002% on buy |
| Commodity Option | 0.003% on buy | 0.003% on buy |
| Currency Future | 0.0001% on buy | 0.0001% on buy |
| Currency Option | 0.0001% on buy | 0.0001% on buy |