Sykes & Ray is a public limited company that deals with stock trading products and services. Its main essence in business is the Intraday Brokerage fee they offer – just 0.01%. For the Delivery Brokerage, they offer only 0.10%, which is staggering.
However, they charge ₹300 for the AMC of the Demat account; but they quickly compensate that with a trading exposure which is up to 5x, and not to forget the minimum margin money which is ₹5,000.
The company was founded in the year 1994 by the evergreen Yogesh Gupta in our financial capital, Mumbai, which eventually became a full-service stockbroking company.
Sykes & Ray Highlights |
Broker Type |
Full-Service Broker |
Demat Account AMC |
Rs.300 per Annum |
Margin Required |
Minimum Rs.5,000 |
Intraday Brokerage |
0.01% |
Delivery Brokerage |
0.10% |
Exposure |
Upto 5X |
What do you know about Sykes & Ray?
About Sykes & Ray |
Know a few details about Sykes & Ray |
Which type of Company is it? – Public / Private |
Public |
Which type of Broker is it? – Full Service / Discount |
Full-Service Broker |
Where is the registered office of the Company Located? |
Mumbai, Maharashtra |
Who is the Founder of this Company? |
Yogesh Gupta |
When did the company start? |
1994 |
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What are the various Demat Account Opening Charges levied by Sykes & Ray?
Sykes & Ray Demat Account Opening Fees |
Check out the various fees charged for Opening a Demat Account with Sykes & Ray |
Which is the Depository Participant involved? |
CDSL & NSDL |
What are the Demat account opening charges? |
Zero |
How much is the Demat AMC? |
Rs.300 per Annum |
What is the Trading AMC? |
Free |
What is the initial Margin amount required? |
Minimum Rs.5,000 |
Is dematerialization available? |
Yes |
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Does Sykes & Ray provide any Offers to their Clients?
Sykes & Ray Offers |
Here are the various offers provided by Sykes & Ray |
Does the broker provide a Free Demat A/C offer? |
Yes |
Does the broker provide Free Trading A/C offer? |
Yes |
Is this broker offers a Discount on Brokerage? |
Yes |
Does the broker offer Happy hour trading to their clients? |
No |
Is the broking house provides a flexible brokerage plan? |
Yes |
Does the broker offer 1-month Free brokerage? |
No |
Are the Holiday offers provided by the broker? |
Yes |
Are there any referral offers shared by the broker? |
No |
Zero Brokerage for Loss-Making Trades |
No |
What are the Brokerage Charges levied by Sykes & Ray on various Segments?
Sykes & Ray Brokerage Charges |
Here you will find details of brokerage levied by Sykes & Ray on all segments |
What are the Equity Delivery Charges? |
0.10% |
What are the Equity Intraday Charges? |
0.01% |
How much brokerage charged for Commodity Trading? |
NA |
What is the brokerage on Equity Futures? |
0.01% |
How much brokerage charged for Equity Options? |
Rs.10 per Lot |
What is the brokerage on Currency Futures? |
0.01% |
What is the brokerage on Currency Options? |
Rs.10 per Lot |
How much is the Minimum Brokerage required? |
Percentage of Transaction |
What is the Demat AMC? |
Rs.300 per Annum |
How much is the Trading AMC? |
Free |
What is the Minimum Margin Required? |
Minimum Rs.5,000 |
Does Sykes & Ray levy any other charges apart from Brokerage?
Sykes & Ray Charges |
Get a deep understanding of all other charges levied by Sykes & Ray |
How much are the Transaction Charges levied? |
0.00285% |
What are the STT charges? |
0.0126% of Total Turnover |
What are the SEBI Turnover charges? |
0.0002% of Total Turnover |
How much is the Stamp Duty levied? |
Depends on State (very minimal) |
How is the GST charged? |
18% of (Brokerage + Transaction Charges) |
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What is the Limit or Exposure offered by Sykes & Ray?
Sykes & Ray Exposure or Leverage |
Here you will find the exposure or limit provided by Sykes & Ray |
How much is the limit on Equity Delivery? |
Upto 3X |
What is the limit on Equity Intraday? |
Upto 5X |
How much is the limit on Equity Futures? |
Upto 3X |
What is the limit on Equity Options? |
Upto 6X |
What is the exposure on Currency Futures? |
Upto 2X |
How much is the leverage on Currency Options? |
Upto 2X |
What is the limit on Commodity Trading? |
Upto 3X |
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What are the various Trading Platforms provided by Sykes & Ray?
Sykes & Ray Trading Platforms |
Here you will find all the important trading platforms available with Sykes & Ray |
Do they have Trading Terminals for Windows? |
Yes |
Do they have Trading Terminals for Mac? |
Yes |
Are they providing a Web Trading Platforms? |
Yes |
Do they have a Mobile Web Platform? |
Yes |
Does this broker provide Mobile Trading App for Android? |
Yes |
Does this broker provide Mobile Trading App for iOS? |
Yes |
Are they having Mobile App for Windows OS? |
No |
Do they have Mobile Trading App for Other OS? |
No |
What are the features available in Sykes & Ray Trading Applications?
Sykes & Ray Trading Application Features |
Here you will find various features available in Trading Platforms provided by them |
Are these platforms capable of Real-time Updates? |
Yes |
Do these Applications provide Portfolio Details? |
Yes |
Is this software providing Online MF Buy? |
No |
Do these platforms have News Flash? |
Yes |
Are these platforms providing Research Reports? |
Yes |
Are these platforms Easy to Install & use? |
Yes |
Do these Apps have Global Indices? |
Yes |
Are these platforms having Stock Tips? |
Yes |
Does this software provide Personalized Advisory? |
No |
Are these platforms capable of Interactive charting? |
Yes |
Do these Apps provide Live Markets data? |
Yes |
Do they provide SMS Alerts? |
Yes |
Are they providing Email Alerts? |
Yes |
Do these platforms have a Multi-Account Management solution? |
No |
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What are the various Products provided by Sykes & Ray?
Sykes & Ray Products |
Here are the various products provided by them |
Does the broker allow Equity Trading? |
Yes |
Does the broker allow Commodity Trading? |
No |
Do they have Currency Trading products available? |
Yes |
Do they provide Options trading? |
Yes |
Are the clients allowed to trade in Futures? |
Yes |
Do they have Mutual Funds as a product? |
No |
Does the broker allow Forex trading? |
No |
Does the broker have Banking products? |
No |
Is SIP allowed by the broker? |
No |
Do they have Insurance as a Product? |
Yes |
What are the various Services offered by Sykes & Ray?
Sykes & Ray Services |
Check out the various services provided by them |
Does the broking house provide Demat Services? |
Yes |
Does the broking house provide Trading Services? |
Yes |
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? |
No |
Do they provide Intraday Services? |
Yes |
Are they offering IPO Services to the client? |
Yes |
Do they have Stock Recommendations available? |
Yes |
Are they providing tools for Robo Advisory? |
No |
Does the broker provide PMS? |
No |
Do they have Trading Institution available? |
Yes |
What is the Trading Exposure this broker provides? |
Upto 5X |
Does Sykes & Ray provide Research & Advisory to their clients?
Sykes & Ray Research, Advisory & Stock Tips |
Here are the various research activities done by them |
Does the broker share Fundamental Reports? |
Yes |
Does the broker share Research Reports? |
Yes |
Do they provide Company Reports to their clients? |
No |
Are they analyzing the Annual Reports of Companies? |
No |
Do they share Company Stock Reviews? |
No |
Are they sharing Free Stock Tips with their clients? |
Yes |
Do they analyze & share IPO Reports? |
Yes |
Does the broking company provide Top Picks? |
No |
Are they sharing Daily Market Review? |
Yes |
Do they have Monthly Reports? |
Yes |
Does the broker provide Weekly Reports? |
Yes |
Are they having Offline Advisory? |
Yes |
Do they provide Relationship Managers to clients? |
Yes |
What are the Customer Care details of Sykes & Ray?
Sykes & Ray Customer Support |
Let’s have a better understanding of Customer Care Service |
Are they providing Dedicated dealers to their clients? |
Yes |
Do they allow Offline Trading? |
Yes |
Do they have facilities for Online Trading? |
Yes |
Are they providing 24*7 Support? |
Yes |
Does this broker provide Email Support? |
No |
Is this broker having Chat Support? |
No |
How many Branches the stock broker has? |
380 |
Are there any Complaints filed against Sykes & Ray by their clients?
Sykes & Ray Complaints |
Here you will learn about the Complaints lodged against them |
What is the total number of Complaints Lodged in BSE? |
0 |
How many of these complaints have been Resolved in BSE? |
0 |
What is the total number of Complaints Lodged in NSE? |
1 |
How many of these complaints have been Resolved in NSE? |
1 |
What is the Sykes & Ray Review & Ratings as per their Customer?
Sykes & Ray Ratings & Reviews |
We are looking at Companies’ Ratings on various parameters |
Stock Market Research & Broking Advisory |
3.4/5 |
Brokerage & other Charges like – Turnover, Transaction Charges, etc. |
3.1/5 |
Types of Products & Services the Brand provides |
3.3/5 |
Performance Mobile App, Trading Terminal & Web Trading Platform |
3.0/5 |
Experience in the Broking Business |
3.2/5 |
Total Avg. Rating of Broking House |
3.2/5 |
Star Rating given to Stock Broker |
★★★☆☆ |
Number of People Contributed to These Ratings |
219 |
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