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Finvasia Vs Alice Blue NRI Account Comparison

The side-by-side comparison of Finvasia and Alice Blue NRI Account. Compare Finvasia Vs Alice Blue NRI Account brokerage charges, exposure margin, demat account and AMC. Read Alice Blue and Finvasia NRI Account reviews.

Find out Finvasia Vs Alice Blue which is better NRI Trading Account. See Finvasia Vs Alice Blue which is best NRI Demat Account.

Our Finvasia Securities Pvt Ltd comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Finvasia and Alice Blue NRI Account.

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Finvasia Vs Alice Blue

  Finvasia Alice Blue
 
  Finvasia Securities Pvt Ltd Logo Alice Blue Financial Services Logo
About the Broker Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

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Finvasia Vs Alice Blue Charges

  Finvasia Alice Blue
NRI Account Opening Fees ₹199 NA
NRI Account AMC ₹0 NA
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 0 per year (Lifetime Zero AMC) Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Finvasia Vs Alice Blue NRI Account Brokerage Comparison

Account Type Finvasia NRI Account Alice Blue NA
Equity Delivery ₹0 NA
Equity Futures ₹0 NA
Equity Options ₹0 NA
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ₹0 NA
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Finvasia Vs Alice Blue NRI Account Taxes/Fees

  Finvasia Alice Blue
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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Finvasia Vs Alice Blue NRI Account Margin

  Finvasia Margin Alice Blue Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Finvasia and Alice Blue NRI Account Features

  Finvasia Alice Blue
3-in-1 Account No No
Automated Trading Yes No
Free Research And Tips No No
Other Features
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Finvasia Vs Alice Blue NRI Account Review

  Finvasia Review Alice Blue Review
  52 Customer Reviews    Rate Finvasia 37 Customer Reviews    Rate Alice Blue
Fees 4.7 3.7
Brokerage 4.8 3.7
Trading Platform 3.5 3.4
Customer Service 4.2 3.0
Overall Rating Rated 4.4 stars Rated 3.2 stars
Broker Rating Finvasia is Rated 4.4 / 5 based on 52 customer reviews Alice Blue is Rated 3.2 / 5 based on 37 customer reviews
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Contact Broker / Request A Call Back

  Finvasia Enquire Alice Blue Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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Finvasia Vs Alice Blue NRI Investment Options

  Finvasia Alice Blue
Stocks Yes No
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Other Investment Options

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Finvasia Vs Alice Blue NRI Customer Service

  Finvasia Alice Blue
Customer Care Number +91 172 667 0000
Customer Care Email contactus@finvasia.com
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Finvasia Vs Alice Blue Order Type Offered for NRI Account

  Finvasia Alice Blue
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No

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Finvasia Vs Alice Blue - NRI Account Advantages and Disadvantages

  Finvasia Alice Blue
Pros
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Alice Blue Special Offer

Free Equity Delivery Trade

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Alice Blue Account

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