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IIFL Securities Vs Finvasia NRI Account Comparison

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

Find out IIFL Securities Vs Finvasia which is better NRI Trading Account. See IIFL Securities Vs Finvasia which is best NRI Demat Account.

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

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IIFL Securities Vs Finvasia

  IIFL Securities Finvasia
 
  IIFL Securities Ltd Logo Finvasia Securities Pvt Ltd Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd 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
Account Type NRI Account NRI Account
Special Offer
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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.


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IIFL Securities Vs Finvasia Charges

  IIFL Securities Finvasia
NRI Account Opening Fees ₹750 ₹199
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 250 (Free for 1st year) Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Open IIFL Securities Account

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IIFL Securities Vs Finvasia NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account Finvasia NRI Account
Equity Delivery 0.50% ₹0
Equity Futures ₹0
Equity Options ₹0
Open IIFL Securities Account

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ₹0
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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IIFL Securities Vs Finvasia NRI Account Taxes/Fees

  IIFL Securities Finvasia
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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IIFL Securities Vs Finvasia NRI Account Margin

  IIFL Securities Margin Finvasia 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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IIFL Securities and Finvasia NRI Account Features

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

  IIFL Securities Review Finvasia Review
  124 Customer Reviews    Rate IIFL Securities 50 Customer Reviews    Rate Finvasia
Fees 2.8 4.8
Brokerage 2.6 4.9
Trading Platform 3.2 3.6
Customer Service 2.6 4.3
Overall Rating Rated 2.7 stars Rated 4.5 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 124 customer reviews Finvasia is Rated 4.5 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Finvasia Enquire
Contact Broker Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. 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.
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IIFL Securities Vs Finvasia NRI Investment Options

  IIFL Securities Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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IIFL Securities Vs Finvasia NRI Customer Service

  IIFL Securities Finvasia
Customer Care Number +91 22 4007 1000 +91 172 667 0000
Customer Care Email cs@iifl.com contactus@finvasia.com
Open IIFL Securities Account

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IIFL Securities Vs Finvasia Order Type Offered for NRI Account

  IIFL Securities Finvasia
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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IIFL Securities Vs Finvasia - NRI Account Advantages and Disadvantages

  IIFL Securities Finvasia
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  • 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
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  • 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.
Conclusion

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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.

Promo / Offers

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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
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