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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 offers


Sykes & Ray Ratings & Review by Top10StockBroker

Experience 3.4/5
Products & Services 3.1/5
Brokerage Charges & Fees 3.3/5
Stock Research & Advisory 3.0/5
Trading Platforms 3.2/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆

 


About Sykes & Ray

Company Type Public
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Yogesh gupta
Established Year 1990

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

    Equity Delivery Trading 0.10%
    Equity Intraday Trading 0.01%
    Commodity Options Trading NA
    Equity Futures Trading 0.01%
    Equity Options Trading Rs.10 per Lot
    Currency Futures Trading 0.01%
    Currency Options Trading Rs.10 per Lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.300 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,000
    Brokerage Calculator Sykes & Ray Brokerage Calculator

    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

    Transaction Charges 0.00285%
    STT 0.0126% of Total Turnover
    SEBI Turnover Charges 0.0002% of Total Turnover
    Stamp Duty Depends on State (very minimal)
    GST 18% of (Brokerage + Transaction 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

    Depository Source CDSL & NSDL
    Account Opening Charges Zero
    Demat AMC Charges Rs.300 per Annum
    Trading AMC Charges Free
    Margin Money Minimum Rs.5,000
    Offline to Online Yes

    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

    Free Demat Account Yes
    Free Trading Account Yes
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans Yes
    1 Month Brokerage Free No
    Holiday Offers Yes
    Referral Offers No
    Zero Brokerage for Loss Making Trades No

    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

    To know about offers of other stock brokers check below

    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

      Equity Trading Yes
      Commodity Trading No
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds No
      Forex No
      Banking No
      SIP No
      Insurance Yes

      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:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Acount No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations Yes
      Robo Advisory No
      PMS No
      Trading Institution Yes
      Trading Exposure Upto 5X

      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

      Fundamental Reports Yes
      Research Reports Yes
      Company Reports No
      Annual Reports No
      Company Stock Review No
      Free Stock Tips Yes
      IPO Reports Yes
      Top Picks No
      Daily Market Review Yes
      Monthly Reports Yes
      Weekly Reports Yes
      Offline Advisory Yes
      Relationship Manager Yes

      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.

      Equity Delivery Upto 3X
      Equity Intraday Upto 5X
      Equity Futures Upto 3X
      Equity Options Upto 6X
      Currency Futures Upto 2X
      Currency Options Upto 2X
      Commodities Upto 3X
      Margin Calculator Sykes & Ray Margin Calculator

      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.

      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform Yes
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platform No
      Real time Updates Yes
      Portfolio Details Yes
      Online MF Buy No
      News Flash Yes
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory No
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi Account Management No

      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:

      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll Free Number No
      Branches 380

      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

      Lodged in BSE 0
      Resolved in BSE 0
      Lodged in NSE 1
      Resolved in NSE 1
      Percentage of No. of Complaints Received Against Number of Active Clients 0.01

      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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