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Finvasia Complaints

Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In...

Complaint against Finvasia Broker

Finvasia brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Finvasia customers. The Finvasia complaints report analyzes the Finvasia online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Finvasia broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Finvasia complaint no. report also provides Finvasia’s number of active clients. This shows the growth of the broker year on year.

Finvasia Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2021-22	2	3,115
NSE	2021-22	27	18,340
NSE	2020-21	44	12,018
BSE	2019-20	2	356
NSE	2019-20	15	5,697
NSE	2018-19	4	3,335
NSE	2017-18	8	1,998
NSE	2016-17	2	894
NSE	2015-16	1	617

Finvasia complaint at NSE

	2021-22	2020-21	2019-20
Active Clients	18340	12018	5697
Complaints	27	44	15
Resolved through the exchange	18	33	12
Non actionable	5	7	2
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	4	4	1
No. of arbitration filed by clients	1		1
Decided by arbitrators in favour of the clients	1		1
Decided by the arbitrators	1		1
Pending for redressal with arbitrators	0		0

Finvasia complaint at BSE

	2021-22	2019-20
Active Clients	3115	356
Complaints	2	2
Resolved through the exchange	1	1
Non actionable	0	0
Advised / Opted for arbitration	0	0
Pending for redressal with exchange	1	1
No. of arbitration filed by clients	0	0
Decided by arbitrators in favour of the clients	0	0
Decided by the arbitrators	0	0
Pending for redressal with arbitrators	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

Read more about Finvasia

15 Comments

15. SANTOSHKUMIAR May 2, 2020 4:07:05 PM

I have an account in your securities . My id is FA20561.I DEPOSITED RS 2000. BUT IT IS NOT REFLECTING.

15.1. Abhishek Yadav Oct 18, 2021 11:03:08 PM

i Have Opened Today Account In Finvasiya Rs 701 But Not Reflected In My Account Of Shoonya I Don't Think This Broker Will Cheat Verry Bad Service Don't Use

14. Pushpalata Shukla Dec 29, 2019 5:45:45 PM

I m in market for last 20 plus years and trading with Finvasia for last 3 years.
I found Finvasia the best .
Only one staff is proudy and pays less attention otherwise all is well.
If u r in any difficulty contact client support.
In nutshell I shall give 8 out of 10 marks
One R M is proudy and non cooperative but u can get rid him off after u recognize.

14.1. sandeep varma Oct 4, 2021 2:33:19 PM

Are you employee of Finvasia who is taking their side. I can share the evidence that i created for the buggy website and the app they created, there IT team is worse than the govt department of BSNL. your comment seems a fake one. i have been using this app for 3 months now and seen frequent bugs and has been very much buggy. The basic features do not work as it is mentioned. I will not recommend this broker to anyone i know, infact i have just adviced and helped opening accounts for 10 - 15 friends of mine in Zerodha, Angel, and ventura. their app is many times far better than finvasia's.

14.2. Mack Fernandes Oct 15, 2021 1:07:52 AM

i am diagree with u.....dont make foolish to people finavia is very very poor in service....dont go with finsavia

13. Kumar Oct 6, 2021 9:12:44 PM

For people thinking of opening account with Finvasia, better stick to Zerodha and other discount brokers. One time glitch can erode away lacs of rupees. For long term investors, you wont save much with zero brokerage from Finvasia. I faced issues with Tradetron algo trading with Finvasia. They Shoonya app is not user friendly. They cant even provide what are the open positions while trading.

13.1. Sachin Kumar Oct 11, 2021 7:33:04 PM

Does zerodha not have any issue? Never?
All the broker have issue some time.

12. shweta Oct 11, 2021 11:11:56 AM

shoonya app is not taking order, error is server not connected to NSE at 9.30am but it was connected from 9am. If it was not connected then trade should not execute in the morning itself. Who will bear loss in such case? even customer care number was busy for half an hour. they said we can not enter order right now because of IT problem. And they ask me to connect to IT.

11. k sandeep varma Oct 4, 2021 11:53:16 AM

After reading complaints also i made the mistake of opening the account just got trapped by the charges that charge which is lowest among all brokers. I want to shift the account now. It is not worth, the app and application is very buggy. Today is 10 Oct 2021 and their app is not working nor is their web application. I am not sure how can this company be so careless in having the worst application. I have had accounts in 3 brokers and since i did not close, i can check other applications and can easily state this is the worst among the lot.

10. Sachin Nivrutti Gaikwad Sep 7, 2021 9:24:20 PM

I have very very bad experience. I took position and when I tried to sqareoff it shown me error 'Transit' in order . I was seen profit in to loss. I tried to call customer care but they not respond. After 25 min it shown me ' expire' and after that I sqareoff my position. I request to finvasia kindly take some help from reputed broker to solve queries off your app.

9. Raghav May 5, 2021 11:31:23 PM

hi,
I was using there platform, let me tell my experience.
In short: Very Very Bad

My positions were running into loss so, I left it open.
But when I logged in next day I was shocked to find that all my positions were converted into a single position at a different strike price.
Don't fall for there free brokerage trap.

8. Mohan Rathod Jul 24, 2020 7:49:54 PM

Sir iam Mohan Rathod( Solapur Maharashtra) having the demat and trading account with you (finvasia) since 2 years. And my code is FA9440.
Hence I have the strong complaints against finvasia securities.... Are as below...
1. Since five months iam trying to contact you on the phone but no one is giving any response.
2. Even iam sending messages via watsup, but no one is seeing those messages.
3. And in my demat account there is arround ₹ 60 k amount stocks are laying. And even I couldn't sell because of ( POA).
4. And i actually wanted to re activate my account for trading and to sell my delivery.
But there is no one properly responsible person to handle the case.
5. And some times some one lifting the phone but no proper response or guidance.
6. So with seeing all this iam fedup with the company. And also I can close my account or else I may complete at local police commissioner concerned.
So I think this my message can do better for me and even the company.
And waiting for your earliest response from your end..... Thanks.

7. vikas Jun 30, 2020 3:11:32 PM

My balanced review after a week with Finvasia. Account opening process was ok. Not intuitive. I feel there should be a proper presentation to take us through the account opening process. It could be an interactive presentation on their web or a proper video. Finally through guidance of RM I was able to complete the process.
Software : The Scalpert on Web is from the stone ages. I think it was developed as a one time project. There should be a development team which constantly keeps updating. Scalpert mobile app is full of bugs. Forget technical analysis on any of its software. Nest platform also has problems. not so user friendly. Since they try to work on Zero brokerage I think development of software is non existent. I took back my money and went back to my old broker. But still you can give it a try as you dont have to lose money trying.

6. PREM CHANDRA Mar 30, 2020 2:35:57 PM

my ID 19529
NON CREDIT OF FUND
TODAY ON 30.03.2020 AT ABOUT 12.30 PM I TRANSFERRED RS.500 THROUGH SCALPART NET BANKING BUT MY ACCOUNT IS NOT REFLECTING. PLEAS SOLVE THE PROBLEM IMMEDIATELY TO ENABLE ME TRADING.

5. Venky V Mar 24, 2020 12:43:44 AM

Folks. After NSE circuit break today, these are my observations on my account.

One lot of ONGC 40 PE 26th March......went kaput....just disappeared from the system
Two lots of ONGC 40 PE 26th March (bought to cost average my losses) mysteriously changed strike price to 35 and promptly squared off (and I use my own money.....no MARGIN and no need for any square off) resulting in a loss

Wrote to them to audit my account and make my money and options good.

Else, have to complain to NSE or SEBI.........learnt folks....help me on approaching FinVasia and other competent authorities for rectification.

Any help is appreciated. Thanks!!

4. Manish Agarwal Jan 16, 2020 12:03:05 PM

1 |

Poor Broker, there is no free lunch in this world.Better to check local broker.

4.1. Narendra Mar 17, 2020 2:43:03 PM

Sir aapne reception per jo bhi bande bitha rakhe h vo bina response ke phone disconnected kar dete h

3. Subhash saxena Mar 2, 2020 11:38:23 AM

I have purchased shares in pidilite 50, Sbi 25 and Vedanta 400 but the shares are shown less pidilite 30 Sbi 25 and Vedanta 300 only. I am trying to contact customer care but nobody is picking phone. Where should I complain for finvasia please tell someone to me.

2. Kuldeep Prajapati Dec 13, 2019 10:41:29 AM

1 |

It's been 8 to 10 days I have started process of account opening in finvasia and I am getting no reply from the team. I have requested and call back to whom I spoke ms. Bhavna baliyan but no reply on calls or SMS. Very very very pathetic service I am getting in account opening...and I am imagining what if I get similar things while doing trade or in worst case scenarios..these people are not listening in even account opening then what they would do if I have problems in my share for trading. Such a WORSE service. You must be SHAME for making fools to customers..this time limits were in paper processing time not in online. I have submitted all documents in email.

2.1. Manish Agarwal Jan 16, 2020 11:58:23 AM

Yes, same happens to me, I had submitted application for opening of account with original documents, but broker refused after a one and half month due to multiple rejections, also there is clause in application form if you close the account, broker withheld upto Rs. 10000/-,so this is not free broker, even they refused to returned my documents and claimed that signature not matched and if I do online application there is no necessity of submitted the documents.Customer Relationship Manager said that they will tore my cheque, and this is their previlage.

1. KULDEEP PRAJAPATI Dec 18, 2019 1:26:54 PM

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Dear all new comers.. Never pay attention to those zero AMC and all messages. The all other positive reviews are paid. You will not find the right review from the online reviews. These guys have no time for their customers even for account opening. My broker(Ms. BHAVNA BALIYAN) cut my call 2 times though I have sent all documents to them.
A VERY VERY VERY VERY VERY PATHETIC EXPERIENCE AT THE STARTING. Now I am shifting to Zerodha.
All have to know the rule that "There are no free lunches in the world."

Don't pay attention to paid reviews write by idiots.