Finvasia FAQs (Frequently Asked Questions)


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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 foreig... Know more about Finvasia Securities Pvt Ltd

Do you have questions about Finvasia share trading account or Finvasia Demat account?

Get all your share trading doubts and questions answered by reading the Finvasia demat, trading account information FAQ. All Finvasia questions, Finvasia q&a, Finvasia faq and Finvasia questions and answers.

Frequently Asked Questions

  1. 1. How do I get additional leverage with Finvasia?

    At Finvasia, the leverage charges are calculated based on your available balance in your trading account and the stock category for which the leverage is requested. Here are the steps to get additional leverage:

    1. Log in to back office PRISM and select 'Leverage Request'
    2. You will see multiple categories including 2x (Free), 3x (Bronze), 4x (Silver) and 5x (Platinum). The default is 2x (Free).
    3. Based on the need, you can select the category. Once selected, you can see all the information such as Effective Date, Leverage Cost, Minimum Balance Required, and Auto Square Off %.
    4. Once you click 'Submit', you will receive an OTP on your mobile.
    5. Once confirm OTP, additional limits are activated from the Effective Date choose.
    6. To discontinue the service, select 'Deactivate' button on the same page. The services will be disabled on the effective date.

    Please Note:

    • All requests (activate or deactivate leverage) received before 2 PM shall be enabled on next working day.
    • Charges are only debited for the days you have availed the services.
    • The additional leverage is available for trading at NSE, BSE and MCX.
    • Based on your daily MTM, limits and charges are auto adjusted.
    • Same day activation is not available at this time.

     

  2. 2. What if I don't sign the POA document with the Finvasia broker?

    If POA is not active, you cannot sell the shares under order type Cash & Carry (CNC). This is because Finvasia cannot access to your demat account to withdrew the sold shares for settlement.

     

  3. 3. Is Finvasia charge brokerage for auto square off?

    Unlike most other discount stock broker, Finvasia doesn't charge for the auto square of your positions on the day of contract expiry.

     

FAQs

  1. What is AMC for Finvasia?

    Finvasia charges ₹0 (Free) Annual Maintenance Charge (AMC) for a trading account and ₹0 per year (Lifetime Zero AMC) for a Demat account. AMC is charged to maintain the accounts.

  2. How much Finvasia charge for delivery?

    Finvasia charge ₹0 for equity delivery trade. These trades are also known as cash & carry trades or CNC.

  3. How much Finvasia charge for intraday?

    Finvasia charge ₹0 for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

  4. How much Finvasia charge for futures?

    Finvasia charge ₹0 for equity, currency and commodity futures trading.

  5. How much Finvasia charge for options?

    Finvasia charges ₹0 for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much Finvasia charge for commodity?

    Finvasia brokerage charges for commodity futures is ₹0 and commodity options is ₹0. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  7. How much Finvasia charge for currency trading?

    Finvasia charge ₹0 for currency futures trading and ₹0 for currency options trading.

  8. What are transaction charges in Finvasia?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    Finvasia Transaction Charges 2020
    SegmentTransaction Fee
    Equity DeliveryNSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
    Equity IntradayNSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
    Equity FuturesNSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
    Equity Options₹5000 per Cr (0.05%) (on premium)
    Currency Futures₹115 per Cr (0.00115%)
    Currency Options₹4000 per Cr (0.04%) (on premium)
    Commodity₹260 per Cr (0.0026%)
  9. Does Finvasia offer IPO?

    Yes. Finvasia offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  10. Do Finvasia offer Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Finvasia. In a Mutual Fund, asset management companies (AMC) collect money from several investors and invest them into certain stocks, bonds, debt funds, etc.

  11. Do Finvasia offer margin funding for share/commodity trading?

    No. Finvasia doesn't provide margin funding.

  12. What is Finvasia intraday auto square-off time?

    Finvasia auto square-off all open intraday positions at 3:15 PM.

  13. Does Finvasia provide trading tips or investment strategies?

    No. Finvasia doesn't provide trading tips for stock and commodity trading to its customers.

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Information on this page was last updated on Wednesday, June 10, 2020


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