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Finvasia Review – Services, Brokerage Charges, Margin, Demat Account, Platforms, Research Reports & More

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Finvasia Review

Page Contents Table

Finvasia is a brokerage service company headquartered in India, with technology-focused. In India and 14 neighboring nations Finvasia provides a wide variety of financial services.

The main services include equity, commodity and currency retail trading, corporate finance, commercial banking, consulting, and commodity hedging. Finvasia serves corporate, institutional, and international clients. The brokerage firm was founded by Mr. Natty Virk (CEO) and the Co-founder Mr. Sarvjit Singh Virk.

Finvasia Securities have its headquarters in Chandigarh, India. As of August 2013, they have been providing stock brokerage solutions in India. The broker holds membership with all major exchanges including, NSE, BSE, and MCX. They expect to deliver, in the immediate future, Clearance Services, Margin Financing, and Depository Services.

Finvasia Securities provides zero-brokerage exchange facilities in the BSE, NSE and MCX segments. When dealing with Finvasia customers are paying completely zero charges. Free-trading facilities are accessible in all networks and categories. Finvasia will not owe the Clearing Fee, however. The client will pay all the taxes and share adjustments in the trade.

The brokerage services with zero commissions make the broker extremely famous across investors. But in contrast to all the other brokers in the same group, the flexibility provided for investing is smaller. The service provides Stock Intraday dealing flexibility of close to 10x.

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However, In comparison to Finvasia review to other budget brokers, FINVAISA imposes extra subscription fees for utilizing certain of its trading systems (platform fees). Consumers switching from conventional brokers to Finvasia prevent the brokerage about 90 percent in fee payments. Finvasia has a record of nearly 5,318 registered customers for this economic year.

Here are the trading and investments options the broker offers to its clients:

  • Equity trading
  • Derivative Trading
  • Currency trading
  • IPOs
  • Bonds
  • Commodity Trading
  • NRI trading
Finvasia Review
Finvasia Review

Finvasia and Its Trading Platforms

The brokerage firm offers a wide variety of trading platforms for both technical and fundamental trade analysis. The portals provided for trade broking are ScalperT, Omnysis NEST, NSE Now, Symphony, and Algos.

1. ScalperT – A Web and Mobile-Based Trading Platform

ScalperT provides a (web browser-based) web portal and can also be used in a smartphone device for NSE and MCX investing. This trading portal is open to all its consumers for free. This interface has all the typical functionality of a commercial trading terminal.

That covers electronic equity exchange, futures, shares, currencies, and assets, movement of money, monitoring Demat reserves, real-time graphs, watch list, and authenticity of order forms of special instructions such as cover orders and bracket directives.

Some of the Best Features of ScalperT are:

  • The platforms offer more than 40 technical trade indicators.
  • It allows the investor to access multiple charts for the best trading analysis.
  • Easy fund transfer facility is integrated
  • Placing various types of orders within a single application with ease.

2. Omnesys Powered NEST – A Desktop Based Trading Platform

NEST is a Desktop based trading application that can be installed. The NEST is an Omnesys corporation backed by Thomson Reuters, a large trading group. NEST provides extremely quick trade in bonds, F&Os, and services.

Packed with lots of features this interface is intended for regular investors. This is probably India’s most successful and reliable trading application today.

Some highly effective Features of NEST are:

  • Provision with an online transaction with payment.
  • Order positioning across multiple capital groups and market divisions.
  • Customizable charting features for several indicators on the same window.

3. NSE Now – A Web, Desktop, Mobile-Based Trading Platform

NOW it is the flagship trading tool of a National Stock Exchange. It provides an installable trading app, a web portal, and a trading smartphone application.

This is one of the biggest trading sites because the databases are pre-located in the same network infrastructure as the software of the trade exchanges. NSE Now is provided for investing by most discount brokers in India.

The best features of NSE Now are:

  • Includes investing through equity markets, derivatives, currencies and investment funds.
  • Aftermarket Transactions (AMOs) are permitted.
  • Design interface configurations as per consumer preferences.
  • Compatible through iOS, Windows and Android mobile smartphones.

4. Blitz Trader – An Algorithmic Trading platform

Blitz Trader is an online consumer trading application for Algo. It’s the first of all its type in India providing to individual investors.

Open source Broker, Investment firms, HFT buyers, and Arbitragers make extensive use of the same tool. Until implementation, it has a simulation built in to check the investment strategies.

Some of its features are:

  • Multi-asset trading through various locations, coupled with robust risk control, ensures the process remains safe.
  • All of the techniques which can be used on the trading platform include – Contract Twist Arm, Calendar Set, and Cash to Future.
  • Total automatic trading with end-to-end overall demand, inventory management program, cost control, and so on.
  • Consumers may create personalized investment strategies where parameters can be changed at every moment.
  • The technological research provided for even more than 40 integrated markers.

5. Symphony Presto – An automated trading platform.

Presto is a portal to exchange on MCX, NSE, and BSE with automatic trade Algos. Presto is a service of Symphony Fintech, an Algorithmic trading Solutions software maker located in Mumbai for equity markets, contracts, futures, derivatives, and currency trading.

Presto is built for advanced Hedge fund managers for small businesses. This project is developing, reviewing, delivering, running, and tracking Algos for completely integrated exchange or implementation.

Some of the best functions of Presto are:

  • Modified APIs for frameworks such as. NET, JAVA, Python, and C#.
  • True-time business analysis to Operate.
  • Many methods are dependent upon algorithms.
  • Enabled customized query related approaches.

Finvasia Customer Care, Support and Office Addresses

The discount based brokerage firm gives its customers the appropriate contact methods, including:

  • Via web-based chat
  • Over phone call
  • Via Email
  • Webform support

As a discount stock broker, thus, almost all of the contact sources are virtual in scope because there are no physical offices or branches from all across India.

So far as response time is involved, it is fairly fast and you should be able to address your problems in just a defined period.

Sometimes, the consistency of the solution can be unsatisfactory. The capabilities collection of company managers may be strengthened over the period by on-going preparation as well as other applicable strategies.

So don’t keep strong standards, but ultimately the standard of the facility will remain on average.

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Finvasia Competitor:

Broker NameRatingA/c Opening ChargesApplication
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1. Customer Services Numbers, Office Addresses, and E-Mail Helpline, Fax Details.

Office LocationIndiaFinvasia Centre D-179, Phase – 8 B (Sector – 74) Mohali -160055 Punjab India
Phone SupportBusiness

Support

Trading
+91-172-6670000 , +91-977-909 7777

+91-172 4740000 , +91-172 6750000

+91-172 4740040 , +91-172 6750050
ComplianceNSE/BSE/MCX/NCDEX: Yogesh Singh

CDSL DP: Yogesh Singh

SEC: S Singh

FII: SEBI

Phone

Online Support
[email protected]


[email protected]

[email protected]

[email protected]

+91 172 6670000

[email protected] [email protected]
Important EmailsAny Complaint:

General Information:

CDSL DP:

Technical Support:

Suggestions:

Sales:

Seminars:

Trading:

Foreign Investors:
[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

[email protected]

Finvasia Prices and Charges

The experience of trading with this broker is different when compared with other discount stockbrokers.

There are several forms of fees charged and customers must also be reported (or e-mailed) before accessing the transactions with the brokerage. Below are the precise details:

1. Finvasia Trading & Demat Account Opening Charges

The following are expenses for opening the account:

Particulars Opening Charges
For Trading Account Rs.0
For DEMAT Account Rs.0
AMC For Trading Account Rs.0
AMC for DEMAT Account Rs.0

So, the brokerage firm does not bill its customers anything for opening or managing an account. In respect, it’s a successful way of acquiring clients by eliminating a possible barrier, particularly for starters.

2. Finvasia Brokerage Charges and Plans

The discount brokerage firm has a straightforward selling policy without any set or margin-based fee to its customers. It bills its customers based on a trading platform in which it prefers to satisfy their financial requirements.

Below are the specific charges based on the trading platform and services:

Trading PlatformsCharges
NOWFor NSE – Rs.0/ segment For BSE – Rs.120/segment
NESTFor standard plan – Rs. 149/ trade segment & Rs.99/ BO
For Premium plan – Rs.777 all segment and Rs. 0 for bracket order
Symphony PrestoRs.1599/month and the license cost is extra
Blitz TraderRs.7777/month and taxes extra

Platform selection largely determines the kind of investor the consumer is, for example – whether the consumer uses a simple NEST system – the trader is light in his trading volumes.

Whereas if someone utilizing a robust and detailed trading platform such as Presto then he/she outlines day-to-day investment strategies and is a strong investor in general.

3. Finvasia Transaction Charges

Here are the details of the transaction charges levied by the broker to its users:

Segments Transaction Charges
Equity Delivery 0.00325%
Equity Options 0.05%
Currency Options 0.04%
Equity Futures 0.00190%
Currency Futures 0.00115%
Commodity 0.00260%
Equity Intraday 0.00325%

Transaction fees shall be paid on the terms of the business interest and, in any situation, transaction charges shall go completely overboard with market norms.

This is specified although few stockbrokers charge their customers much greater trading costs by trying to link them with a small brokerage plan. Users are expected to become very vigilant regarding such minor finer details.

Finvasia Margin and Exposure

The below-mentioned table offers comprehensive detailed information about the broker’s trade exposure offered to its customers:

Segments Exposure and leverage
Equity Delivery Not Applicable
Equity Options Not Applicable
Currency Options Not Applicable
Equity Futures Margin up to 2 times is allowed
Currency Futures Not Applicable
Commodity Margin up to 2 times is allowed
Equity Intraday 10 times leverage

As seen above, you’re not going to be given much leverage through categories as a customer. These principles are typically challenging to compromise at the beginning, so consumers seeking to be using power in the trading will be frustrated.

Finvasia Comparison with its Best Competitors

1. Finvasia Comparison With Closet Discount Brokers

Brokerage FirmFinvasiaStoxkartUpstoxFyers
Type Of Service OfferedA Online Discount BrokerAn Online Discount broking service ProviderA Online Discount BrokerA Online Discount Broker
Range Of Brokerage  ChargesRs.0Rs.15/-Rs.20/-Rs.20/-
Type Of Trading AccountsTrading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1
Equity IntradayRs.0/-Rs.15/-Rs.20/-Rs.20/-
Currency OptionsRs.0/-Rs.15/-Rs.20/-Rs.20/-
CommodityRs.0/-Rs.15/-Rs.20/-Not Applicable
Equity DeliveryRs.0/-Rs.0/-Rs.0/-Rs.0/-
Equity OptionsRs.0/-Rs.15/-Rs.20/-Rs.20/-
Currency FuturesRs.0/-Rs.15/-Rs.20/-Rs.20/-
Equity FuturesRs.0/-Rs.15/-Rs.20/-Rs.20/-
Rating4.0 out of 5.04.5 out of 5.04.3 out of 5.04.0 out of 5.0

2. Finvasia Comparison with Closet Full Service Broker.

Brokerage FirmFinvasiaAngel BrokingEdelweissSharekhan
Type Of Service OfferedA Online Discount BrokerA Full Service BrokerA Full Service Brokerage FirmA Full Service broking service provider
Range Of Brokerage  ChargesRs.0Rs.15/- to Rs.30/-Rs.10/- or 0.5%0.10% to 0.50%
Type Of Trading AccountsTrading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1
Equity IntradayRs.0/-Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/-0.01% of Rs.10/-Rs.0.10/- or 0.1%
Currency OptionsRs.0/-Rs.30/-Rs.10/-Rs.25/- or 2.5%
CommodityRs.0/-Rs.30/-Not ApplicableRs.0.10/- or 0.1%
Equity DeliveryRs.0/-Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/-0.01% of Rs.10/-Rs.0.50/- or 0.5%
Equity OptionsRs.0/-Rs.30/-0.01% of Rs.10/-Rs.25/- or 2.5%
Currency FuturesRs.0/-Rs.30/-0.01% of Rs.10/-Rs.0.10/- or 0.1%
Equity FuturesRs.0/-Rs.30/-0.01% of Rs.10/-Rs.0.10/- or 0.1%
Rating4.0 out of 5.04.3 out of 5.04.1 out of 5.04.0 out of 5.0

Finvasia Complaints received at BSE/NSE

The customers claimed complaints against stock brokerage Finvasia Securities Pvt Ltd. The customer grievances from Finvasia Securities Pvt Ltd include a list of the dispute that went to exchanges for settlement.

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ExchangeFinancial YearNumber of Clients *Total Complaints **
NSE 2019-20 5,318 10
NSE 2018-19 3,335 4
NSE 2017-18 1,998 8
NSE 2016-17 894 2
NSE 2015-16 617 1

Finvasia Pros And Cons

Finvasia Pros

  • A broad variety of trading platforms for its users
  • No account opening fees or trade-based trading charges are available.
  • Economic transactions rates.
  • Robo Consumer Investment management required.

Finvasia Cons

  • A new identity in the broking sector, but achieving customer confidence may take years.
  • Relatively poorer performance among categories.
  • The utilization of a few trading platforms is paid monthly.
  • The pricing paradigm is not ideal for novice traders.
  • Customer care can be enhanced, particularly in the area of settlement efficiency.
  • Small exposure or leverage offered through trading categories.
Finvasia
Open Finvasia Demat Account

Conclusion

Finvasia is a never-ending Indian Interactive broker. No Brokerage Fee, No Account opening cost, No Demat & Trading AMC. Because they say, they accept cash for offering high-end software platforms. A business strategy in the Indian financial market environment is very special.

Finvasia is attempting to doing something unique in the brokerage business. With its focus on offering several trading systems and brokering depending solely on the kind of payment service selected, the firm is trying to build a kind of confusion.

However, to follow that up, that needs to maintain its client support, efficiency through in-house trading platforms and other principles to appear as a successful brand in the herd of other stock brokers.

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Finvasia FAQs

Q1. Does Finvasia offer banking services?

Ans. No, Finvasia offers banking services.

Q2. Does Finvasia offer all types of financial services?

Ans. No, Finvasia offers all types of financial services.

Q3. When Finvasia came into existence?

Ans. In the year 2013 FINVASIA Securities started its services all across the country.

Q4.Who is the CEO of Finvasia?

Ans. Mr. Natty Virk is the CEO of Finvasia.

Q5. Mention the name of the Co-founder of Finvasia brokerage?

Ans. Mr. Sarvjit Singh Virk is the Chief Financial Officer of FINVASIA Securities.

Q6. Does FINVASIA Securities charge extra fees for using their trading platforms?

Ans. Yes, FINVASIA Securities charges extra fees for using their trading platforms

Q7. Does FINVASIA Securities offer offline branches for customers?

Ans. No, the offline branch customer service facility is available by the brokerage firm.

Q8. Does Institutional broking is allowed with FINVASIA Securities?

Ans. Yes, Institutional broking is allowed with FINVASIA Securities.

Q9. Is it trustworthy to rely on research reports of Finvasia?

Ans. Yes, it is trustworthy to rely on research reports of Finvasia.

Q10. Is it trustworthy to rely on advisory reports of Finvasia?

Ans. Yes, it is trustworthy to rely on advisory reports of Finvasia.

Q11. Does FINVASIA Securities offer 3 in 1 Trading account facility to its users?

Ans. No, FINVASIA Securities offers a 3 in 1 trading account facility to its users.

Q12. Does Finvasia Offer an integrated fund transfer option to its users?

Ans. Yes, Finvasia Offers an integrated fund transfer option to its users.

Q13. Does Equity trading facility is available with FINVASIA Securities?

Ans. Yes, Equity trading facility is available with FINVASIA Securities.

Q14. Investing in Mutual funds is allowed by the FINVASIA Brokerage firm?

Ans. No, Investing in Mutual funds is allowed by the FINVASIA Brokerage firm.

Q15. Investing in Fixed Deposits is allowed by the FINVASIA Brokerage firm?

Ans. No, Investing in Fixed Deposits is allowed by the FINVASIA Brokerage firm.

Q16. Is Trading with derivatives is allowed with Finvasia?

Ans. Yes, Trading with derivatives is allowed with Finvasia.

Q17. Is Trading with Currency is allowed with Finvasia?

Ans. Yes, Trading with Currency is allowed with Finvasia.

Q18. Is Trading with Futures is allowed with Finvasia?

Ans. Yes, Trading with Futures is allowed with Finvasia.

Q19. Being a discount broker Does Finvasia offers IPO investment?

Ans. Yes, Finvasia offers IPO investment to its clients.

Q20. Being a discount broker Does Finvasia offers Bonds investment?

Ans. Yes, Finvasia offers Bonds investment to its clients.

Q21. Being a discount broker Does Finvasia offers NCDs investment?

Ans. No, Finvasia offers NCDs investment to its clients.

Q22. Is there any e-locker facility available with FINVASIA Securities?

Ans. No, an e-locker facility available with FINVASIA Securities.

Q23. Does FINVASIA Securities provide a desktop-based trading platform?

Ans. Yes, FINVASIA Securities provide a desktop-based trading platform.

Q24. Does FINVASIA Securities provide a web-based trading platform?

Ans. Yes, FINVASIA Securities provides a web-based trading platform.

Q25. Does FINVASIA Securities provide a mobile-based trading platform?

Ans. Yes, FINVASIA Securities provide a mobile-based trading platform.

Q26. What is the name of the web-based trading platform of FINVASIA Securities?

Ans. The names of the web-based trading platform of FINVASIA Securities are ScalperT and NSE Now.

Q27. Is trading with a desktop trading platform is effective to gain profits?

Ans. Yes, trading with a desktop trading platform is effective to gain profits.

Q28. What is the name of the mobile-based trading platform of FINVASIA Securities?

Ans. The names of the mobile-based trading platform of FINVASIA Securities are ScalperT and NSE Now.

Q29. Is there any facility of Annual report publication with Finvasia?

Ans. Yes, there is a facility of Annual report publication with Finvasia.

Q30. Does FINVASIA Securities offer trade recommendations?

Ans. Yes, FINVASIA Securities offer trade recommendations.

Q31. Is there any facility of Company report publication with Finvasia?

Ans. Yes, there is a facility of Company report publication with Finvasia.

Q32. Does FINVASIA Securities offer support from Relationship managers?

Ans. Yes, FINVASIA Securities offer support from Relationship managers.

Q33. Is there any facility of real-time stock reports with Finvasia?

Ans. Yes, there is a facility of real-time stock reports with Finvasia.

Q34. Is there any facility of Daily market reports with Finvasia?

Ans. Yes, there is a facility of Daily Market reports with Finvasia.

Q35. Is there any facility of monthly research reports with Finvasia?

Ans. Yes, there is a facility for monthly research reports with Finvasia.

Q36. Is there any facility offered by FINVASIA Securities via EMAIL for its customers?

Ans. Yes, the Email Service facility is offered by FINVASIA Securities for its customers.

Q37. Is there any facility offered by FINVASIA Securities over the phone for its customers?

Ans. Yes, over phone Service facility is offered by FINVASIA Securities for its customers.

Q38. Is there any support offered by FINVASIA Securities via offline branches for its customers?

Ans. No, offline branch support is offered by FINVASIA Securities for its customers.

Q39. Mention the customer care number of FINVASIA Securities?

Ans. The customer care numbers of FINVASIA Securities are +91-172 4740000 and +91-172 6750000.

Q40. How much does FINVASIA Securities impose on its user for opening a Trading Account?

Ans. FINVASIA Securities imposes no charge on its user for opening a Trading Account.

Q41. How much does FINVASIA Securities impose on its user for opening a DEMAT Account?

Ans. FINVASIA Securities imposes no charge on its user fort opening a DEMAT Account.

Q42. How much does FINVASIA Securities impose on its clients for the AMC of a DEMAT Account?

Ans. FINVASIA Securities imposes no charge on its user for AMC of a DEMAT Account.

Q43. How much does FINVASIA Securities impose on its clients for the AMC of a Trading Account?

Ans. FINVASIA Securities imposes no charge on its user for AMC of a Trading Account.

Q44. How much does FINVASIA Securities impose on its clients as minimum margin money for trading?

Ans. FINVASIA Securities imposes no charge on its user as minimum margin money for trading.

Q45. How much does Finvasia charges for Currency option brokerage fees?

Ans. Finvasia charges nothing for Currency option brokerage fees.

Q46. How much does Finvasia charges for Equity option brokerage fees?

Ans. Finvasia charges nothing for Equity option brokerage fees.

Q47. How much do Finvasia charges for Equity Delivery brokerage fees?

Ans. Finvasia charges nothing for Equity Delivery brokerage fees.

Q48. How much does Finvasia charges for Equity intraday brokerage fees?

Ans. Finvasia charges nothing for Equity intraday brokerage fees.

Q49. How much do Finvasia charges for Equity Futures brokerage fees?

Ans. Finvasia charges nothing for Equity Futures brokerage fees.

Q50. How much do Finvasia charges for Currency Futures brokerage fees?

Ans. Finvasia charges nothing for Currency futures brokerage fees.

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