Sykes & Ray Review, Brokerage Charges, Demat Account & More

Sykes & Ray Equities is one of the market leading online shares trading company in India. The company is the corporate member of both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

This article will primarily brief you about Sykes & Ray Equities Reviews, Sykes & Ray Equities brokerage and account opening charges procedure, Sykes & Ray Equities customer support and many more.

Sykes & Ray Ratings & Review by Top10StockBroker

About Sykes & Ray

Sykes & Ray Equities as the market leading online share trading company made its presence in the year 1990 in Mumbai, Maharashtra.

The company has its strong presence in over 200 locations across India through a network of business associates and branches.

It is a single gateway for online stock trading which serves customers on both offline and online trading platforms.

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Sykes & Ray Brokerage Charges

Sykes & Ray Equities brokerage charge is cheap and straightforward. The broker imposes 0.10% for trading in Equity delivery and 0.01% for trading in Equity Intraday.

Equity option trading and currency option trading can be done just at Rs.10 per trade. For getting these brokerage charges, it is necessary to have company demat account along with trading account

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Sykes & Ray Other Charges

Sykes & Ray Equities impose transaction fee for share trading. Either you buy or sell you will be liable to pay transaction charge which rely on the scheme you have choosen.

Other than Transaction charges, traders are also required to pay STT, SEBI turnover charges, Stamp Duty and GST.

Sykes & Ray Demat Account Opening Fees

Opening demat account does not impose any charges with Sykes & Ray Equities. However the company levies demat account maintenance charges (AMC) of Rs.300 but the trading account maintenance charges (AMC) is completely free of cost.

Traders are also obliged to maintain minimum margin money of Rs.5000 with the company.

Sykes & Ray Offers

Beside the above mentioned offers, the company also provides offers mentioned in the below.

• The company offers investment solutions which serve the financial needs of its high net worth customers.
• It offers best in class portfolio management services
• The company also offers flexible brokerage plans to the traders

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How to Open a Demat Account with Sykes & Ray Equities?

• The very step for opening a your demat account is to either approach to the company directly or fill up the online demat account form – Fill the form here
• The second step is to fill up all the necessary details asked in the form and upload all your required KYC documents
• The third step is to tick mark the block in which rules and regulations are stated and sign the account opening form
• After signing your account opening form, your account will be verified by one of the company agent
• After the successful verification, your account will be activated in 1-2 days

Why Open Sykes & Ray Trading Account?

The traders should choose Sykes & Ray Equities trading account services because of the following reasons

• Speedy settlement process of traders securities
• Personalized service of trained help desk
• No charge for extra transaction statement and holding statement
• Effortless automated pay-in for the traders sell obligations with no requirement for physical instruction

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Sykes & Ray Products & Services:

Here are the list of Products & Services provided by Sykes & Ray:

Sykes & Ray Products

Sykes & Ray Equities is indulged to provide unique online products tailored for investors and traders such as

• Investment products including shares, debentures and mutual funds to NRI
• Future and option trading
• Commodity trading
• Currency trading
• Debentures and bonds
• Insurance products

Sykes & Ray Service Offerings:

Along with services mentioned in the below table, the company also provides following services to its customers:

• Online and offline share trading
• NRI services
• Research and advisory services
• Depositary services
• Investment advisory services on foreign direct investment

Sykes & Ray Research, Advisory and Stock Tips

With a group of extensively qualified professionals and dedicated research team, the company follows a client-centric approach to provide customized solution to NRI and foreigners desire to fulfill their dream in India.

The company investment advisory team follows tailor-made approach for maximizing returns and minimizes volatility of the client’s portfolio. It also offers personalized investment advice and research reports to clients.

Sykes & Ray Exposure or Leverage

Here are the exposure values of Sykes & Ray Equities distinct market segments.

Exposure or Leverage is primarily a short term loan provides by distinct stock brokers at a specific interest rate. It is recommended to be cautious before using it as it is a risky concept and can lose your trading capital.

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Sykes & Ray Trading Platforms

Here are the thorough details on various trading platforms offered by Sykes & Ray to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

Sykes & Ray Equities Desktop-Based Trading Platform

Some features of the platforms are –

• Market examining with information on top market movers
• Livestock update and recommendations on the trading screen
• Charting within 21 day-intraday and more than 4o indicators
• It can be easily downloads on desktop or laptop
• Historical data available for both technical and fundamental analysis

Sykes & Ray Equities Web Trading Platform

Some major features are –

• Customized market watch according to user preference
• Alerts and notifications are available through email and SMS.
• Comprehensive research reports and market tips is available with just a single-click
• Real-time portfolio tracking

Sykes & Ray Equities Mobile Trading App

Few of the important features of the app are –

• Square off order-The traders can pick nay option from the report and place a square off order
• The App provides news on equities, derivatives, mutual fund, IPOs.
• It provides forthcoming, top performing and open IPOs reports
• This App has quotes on day high and low as well as the last traded price
• It provides ledger report for equity trading, order book, demat balance, trade book and limit card

Sykes & Ray Customer Care

The broking company offers the following networks of communications to its users as given below:

The quality of customer service provided by the company is superior in comparison with other stock brokers. The company representatives take a bit time to solve your concern.

Sykes & Ray Complaints and Feedback

Find the list of complaint against Sykes & Ray

Sykes and Equities have received limited number of complaints in the last financial year.

The company has received only 0.01% of complaints from its active clients whereas complaint lodged against the company in NSE is 1 and BSE was 0.

Sykes & Ray Advantages and Disadvantages:

PROS

• Traders can access information anytime and from anywhere
• The company provides quarterly demat statements with valuation
• Free sms alert for all transaction and corporate action
• Availability of demat A/s statement online
• Highly skilled and dedicated research team

CONS

• The company does not offer 3 in 1 account
• Facility to place order after trading hours is not available
• Personalized advisory service is not provided

Sykes & Ray Conclusion

Sykes & Ray Equities is one of the leading and prestigious shares trading company in India.

The company not only eases its clients by offering user-friendly online trading platform for buying and selling but also offers services that help the traders to make the most of the opportunities in the stock market.

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