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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 Limited 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 Limited 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 Limited 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
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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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 ₹0 ₹0 (Free)
NRI Demat Account AMC ₹400 per year ₹0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

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

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 ₹15 per Crore ₹15 per 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 Exposure Margin

  IIFL Securities Finvasia
Equity Delivery
Equity Futures
Equity Options
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IIFL Securities and Finvasia NRI Account Feature Comparison

  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 Finvasia
  110 Customer Reviews    Rate IIFL Securities 17 Customer Reviews    Rate Finvasia
Fees 2.8 4.5
Brokerage 2.6 4.8
Trading Platform 3.3 3.1
Customer Service 2.7 4.6
Overall Rating Rated 2.7 stars Rated 4.6 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 110 customer reviews Finvasia is Rated 4.6 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Finvasia
Contact Broker
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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@indiainfoline.com contactus@finvasia.com
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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.

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IIFL Securities Vs Finvasia - More Reviews

  IIFL Securities Finvasia
NRI Trading Review IIFL Securities NRI Account Review Finvasia NRI Account Review
Enquire IIFL Securities Enquire Finvasia
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