angel broking

Zerodha Vs Finvasia – Which One Is Better? Side-By-Side Comparison

angel broking

Zerodha Vs Finvasia – Comparison

Both Zerodha and Finvasia offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively. It will lead him to a better decision making ability.

Here we have compared Zerodha vs Finvasia to highlight the areas where the investor needs to know & analyze more. 

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.

On the other hand, renowned discount broker Finvasia is famous in the stockbroking industry which established in the year 2016 based at Chandigarh.

The mentionable feature of this broker is it facilitates commission-free online trading with sound technical support to their investors.

Notable Points: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
Related Post:   FYERS One Vs Angel SpeedPro: A Comprehensive Comparison of Two Leading Broking Firms

Finvasia:

  1. Zero cost call & trade facility.
  2. Research & stock analysis for free.
  3. It enables the opening of accounts as a paperless way.
  4. Provides commission-free online trading without brokerage. 
  5. They don’t have offline support or branches.
Zerodha Vs Finvasia
Zerodha Vs Finvasia

Zerodha Vs Finvasia Overall Customer Review: 

Comparing Zerodha vs Finvasia based on overall customer service we derived the below-mentioned details.

Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

 ParticularsFinvasiaZerodha
Overall Rating4 out of 54.5 out of 5
Brokerage Charges5 out of 54.5 out of 5
Trading Platform4 out of 54.5 out of 5
Investments Offering4 out of 54 out of 5
Customer Service3 out of 54.5 out of 5
Broker Type Discount BrokerDiscount Broker
Exchanges Supported BSE, NSE, MCX,
MCX-SX,NCDEX
NSE, BSE, MCX-SX,
and MCX

Comparison on AOC & AMC:

Comparing Zerodha vs Finvasia based on AOC & AMC we get the below information. Both the broker offers trading AMC & DEMAT account opening fee-free. Apart from that Finvasia offers free DEMAT AMC also. 

ChargesFinvasiaZerodha
Trading Account Opening FeesFreeOnline Rs 200 (T+D), Rs 300 (T+D+C).
Offline Rs 400 (T+D), Rs 600 (T+D+C).
T*Trading, D*Demat, C*Commodity
Trading AMCFreeFree
Demat Account Opening FeesRs 0 (Rs 199 for POA)Free
Demat AMCFreeRs 300 PA
Provide DP Service

Zerodha Vs Finvasia Brokerage Plan: 

Both Zerodha & Finvasia don’t offer any brokerage plan to the customer. Details of brokerage plans are mentioned here below: 

Related Post:   Upstox Vs Trade Bulls Comparison: Find the Best Discount Broker
Plan TypesFinvasiaZerodha
Multiple Plans
Monthly Plans
Yearly Plans

Zerodha and Finvasia Brokerage Charge: 

Comparing Zerodha and Finvasia based on brokerage fee offering we get the below-mentioned information. We can see in the below table that Zerodha offers a flat fee-based trading plan, whereas Finvasia offers a zero brokerage plan.

Which means no brokerage will be charged to facilitate trading. Also, both the broker doesn’t have any minimum brokerage charge available. 

ParticularsFinvasia BrokerageZerodha Brokerage
Plan NameZero Brokerage Trading PlanMax Rs 20 per order Trading Plan
Equity DeliveryRs 0Free
Equity IntradayRs 00.01% or Rs 20 whichever is lower
Equity FuturesRs 00.01% or Rs 20 whichever is lower
Equity OptionsRs 0Flat Fee Rs 20
Currency FuturesRs 00.01% or Rs 20 whichever is lower
Currency OptionsRs 0Flat Fee Rs 20
Commodity TradingRs 0Flat Fee Rs 20
Minimum BrokerageNILNIL
Hidden ChargesNoNo
FundingYes, 24% interest PAInfo Not Available
Call & Trade ChargesCall and Trade is free of costRs 20 Per Executable Order

Comparison on Transaction Charge:

Contrasting Zerodha vs Finvasia based on transaction charge we derived the below details. Here we can see that the transaction charge for Zerodha & Finvasia is similar in the majority aspect.

Only in respect of Currency future, currency options & commodity, the charge of Zerodha is costlier than Finvasia. 

ParticularsFinvasiaZerodha
Equity DeliveryRs 325 Per CrRs 325 Per Cr
Equity IntradayRs 325 Per CrRs 325 Per Cr
Equity FuturesRs 190 Per CrRs 190 Per Cr
Equity OptionsRs 5000 Per CrRs 5000 Per Cr
Currency FuturesRs 115 Per CrRs 135 Per Cr
Currency OptionsRs 4000 Per CrRs 4400 Per Cr
CommodityNon-Agri: Rs 260 Per Cr |
Agri: Rs 175 Per Cr
Non-Agri: Rs 360 Per Cr |
Agri: Rs 275 Per Cr

Zerodha or Finvasia Account Feature:

Comparing Zerodha or Finvasia based on account feature we derived the below-mentioned table.

Related Post:   5Paisa Vs SAS Online Comparison- Which For Trading
ParticularsFinvasiaZerodha
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Available
Combined Ledger for
Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILNIL

Zerodha Vs Finvasia Trading Terminal: 

A trading media is a significant part of any broker’s offering. Nowadays investors attract mostly over better & smarter technology. Here we have compared Zerodha vs Finvasia based on their trading terminal offering: 

ParticularsFinvasia TradingZerodha Trading
Desktop Trading PlatformOMNESYS NESTZerodha PI
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detailtrade.finvasia.comkite.zerodha.com
Mobile Site
Mobile Trading
Mobile Trading AppSCALPERTZerodha Kite
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesBasic platforms are free, advance platforms are chargeable.Free

Comparison on Product: 

Comparing Zerodha vs Finvasia based on their product offering we derived this below information.

ParticularsFinvasiaZerodha
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment OptionsNILNIL

Zerodha Vs Finvasia Margin/ Exposure/ Leverage 

Considering the Leverage/Margin we here have compared Zerodha vs Finvasia online as below: 

ParticularsFinvasia MarginZerodha Margin
Equity Delivery Leverage No margin/leverage for equity delivery.No Delivery margin.
Equity Intraday Leverage Max 10x or 10% considering Variable and ELM.Max 10x or 10% considering Variable and ELM.
Futures Leverage 1x implies real SPAN + Exposure.1x implies real SPAN + Exposure.
Options Leverage 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.
Equity CO Leverage Max 10x or 10% considering Variable and ELM, no future margin for Cover Order.Max 10x or 10% considering Variable and ELM, no future margin for Cover Order.
Futures CO Leverage 1x implies real SPAN + Disclosure margin, No further Leverage for Futures Cover Order.1x implies real SPAN + Disclosure margin, No further leverage for Futures Cover Order.
Options CO Leverage 1x implies real SPAN + Disclosure margin(Sell) or Superior Margin(Purchase), No further Margin for Options Cover Order.1x implies real SPAN + Disclosure margin(Sell) or Superior Margin(Purchase), No further Margin for Options Cover Order.
Commodity Leverage 1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.1x implies real SPAN + Disclosure in Sell and Superior Margin in Buy.

Zerodha & Finvasia Customer Support: 

Better customer support is nowadays a mentionable point to attract customers. Zerodha & Finvasia is no exception to this. In terms of customer assistance, we have compared Zerodha vs Finvasia as below: 

ParticularsFinvasiaZerodha
24/7 Customer Service 
Email Support 
Onine Live Chat 
Phone Support 
Toll Free Number 
Through Branches 
Customer Care Number +911726670000/
+911724770000/
+919779097777
“+ 91 80 4040 2020”
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Center/Education Info Not Availablesupport.zerodha.com
Head Office Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd.
Tech Park,
Chandigarh -160101
Zerodha Headquarter
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore – 560078
Website finvasia.comzerodha.com
Open Demat Account with Finvasia
Zerodha vs Finvasia – Open Demat Account with Finvasia

Comparison of DEMAT Account Feature: 

Comparing Zerodha vs Finvasia based on the DEMAT account feature we derived the below-mentioned information. 

Particulars  Finvasia DEMAT Account Zerodha DEMAT Account
DP SourceCDSLCDSL
DP ID 8430081600
Demat Account Annual Maintenance Charges(AMC)Free₹300 pa
Advance DepositRs 0Nil
Statutory chargesNil₹50
Transaction Charges on Debit (Per ISIN)₹9 + ₹5.50 (CDSL Charges) for every transaction₹8 + ₹5.50 (CDSL Charges) per transaction
Demat₹15 per certificate₹150 per certificate + ₹100 courier charges
Remat₹15 for every hundred securities + CDSL Charges₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation₹25 per transaction₹20 + ₹12 CSDL charges
Pledge Creation ConfirmationNILNil
Pledge Closure₹25 per transaction₹20 + ₹12 CSDL charges
Pledge Closure ConfirmationNILNil
Pledge Invocation₹19 per transaction₹20
Failed Instruction Charges₹49₹50 per instruction
Other ChargesNilNil

Zerodha Call Back Request

Conclusion: 

Both Zerodha and Finvasia are renowned in their segments for various amenities they offer to the customers. Zerodha is renowned for being remarkable in terms of online assistance and economic charge.

Whereas, Finvasia is a trusted brand with millions of tech-savvy customers with reasonable charge structure. But choosing of broker between Zerodha and Finvasia should be done keeping in mind the exact & individual needs.

open zerodha demat account
angel broking