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:
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
Finvasia:
- Zero cost call & trade facility.
- Research & stock analysis for free.
- It enables the opening of accounts as a paperless way.
- Provides commission-free online trading without brokerage.
- They don’t have offline support or branches.
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.
| Particulars | Finvasia | Zerodha |
| Overall Rating | 4 out of 5 | 4.5 out of 5 |
| Brokerage Charges | 5 out of 5 | 4.5 out of 5 |
| Trading Platform | 4 out of 5 | 4.5 out of 5 |
| Investments Offering | 4 out of 5 | 4 out of 5 |
| Customer Service | 3 out of 5 | 4.5 out of 5 |
| Broker Type | Discount Broker | Discount 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.
| Charges | Finvasia | Zerodha |
| Trading Account Opening Fees | Free | Online 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 AMC | Free | Free |
| Demat Account Opening Fees | Rs 0 (Rs 199 for POA) | Free |
| Demat AMC | Free | Rs 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:
| Plan Types | Finvasia | Zerodha |
| 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.
| Particulars | Finvasia Brokerage | Zerodha Brokerage |
| Plan Name | Zero Brokerage Trading Plan | Max Rs 20 per order Trading Plan |
| Equity Delivery | Rs 0 | Free |
| Equity Intraday | Rs 0 | 0.01% or Rs 20 whichever is lower |
| Equity Futures | Rs 0 | 0.01% or Rs 20 whichever is lower |
| Equity Options | Rs 0 | Flat Fee Rs 20 |
| Currency Futures | Rs 0 | 0.01% or Rs 20 whichever is lower |
| Currency Options | Rs 0 | Flat Fee Rs 20 |
| Commodity Trading | Rs 0 | Flat Fee Rs 20 |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | No | No |
| Funding | Yes, 24% interest PA | Info Not Available |
| Call & Trade Charges | Call and Trade is free of cost | Rs 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.
| Particulars | Finvasia | Zerodha |
| Equity Delivery | Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Intraday | Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Futures | Rs 190 Per Cr | Rs 190 Per Cr |
| Equity Options | Rs 5000 Per Cr | Rs 5000 Per Cr |
| Currency Futures | Rs 115 Per Cr | Rs 135 Per Cr |
| Currency Options | Rs 4000 Per Cr | Rs 4400 Per Cr |
| Commodity | Non-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.
| Particulars | Finvasia | Zerodha |
| 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 Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
| Other Features | NIL | NIL |
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:
| Particulars | Finvasia Trading | Zerodha Trading |
| Desktop Trading Platform | OMNESYS NEST | Zerodha PI |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | ✖ | ✖ |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | trade.finvasia.com | kite.zerodha.com |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | SCALPERT | Zerodha Kite |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✖ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✖ | ✔ |
| Trading Software Charges | Basic 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.
| Particulars | Finvasia | Zerodha |
| 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 Options | NIL | NIL |
Zerodha Vs Finvasia Margin/ Exposure/ Leverage
Considering the Leverage/Margin we here have compared Zerodha vs Finvasia online as below:
| Particulars | Finvasia Margin | Zerodha 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:
| Particulars | Finvasia | Zerodha |
| 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/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center/Education | Info Not Available | support.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.com | zerodha.com |
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 Source | CDSL | CDSL |
| DP ID | 84300 | 81600 |
| Demat Account Annual Maintenance Charges(AMC) | Free | ₹300 pa |
| Advance Deposit | Rs 0 | Nil |
| Statutory charges | Nil | ₹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 Confirmation | NIL | Nil |
| Pledge Closure | ₹25 per transaction | ₹20 + ₹12 CSDL charges |
| Pledge Closure Confirmation | NIL | Nil |
| Pledge Invocation | ₹19 per transaction | ₹20 |
| Failed Instruction Charges | ₹49 | ₹50 per instruction |
| Other Charges | Nil | Nil |
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.
