Aditya Birla Money Vs Finvasia (Compare Aditya Birla Money and Finvasia)


Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ("NSDL") and the Central Depository Services (India) Limited ("CDSL"). The comp... Know more about Aditya Birla Money Ltd


Finvasia
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... Know more about Finvasia Securities Pvt Ltd

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Aditya Birla Money Vs Finvasia

Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Aditya Birla Money Finvasia
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994 2013
Number of Branches 800 1
Open an Online Trading Account with Aditya Birla Money.Open an Online Trading Account with Finvasia.
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Aditya Birla Money Vs Finvasia Charges & AMC

Aditya Birla Money trading account opening charges is Rs 750 while Finvasia account opening changes is Rs 0 (Free). Aditya Birla Money Demat Account AMC Charges is Rs 436 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

  Aditya Birla Money Finvasia
Trading Account Opening Charges Rs 750 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 436 Rs 0 per year (Lifetime Zero AMC)
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Aditya Birla Money Vs Finvasia Brokerage Charges & Plans

Aditya Birla Money Vs Finvasia Brokerage

Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03% whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

  Aditya Birla Money Finvasia
Account Type Standard
Fixed Charges NA
Equity Delivery 0.30% Rs 0
Equity Intraday 0.03% Rs 0
Equity Futures 0.03% Rs 0
Equity Options Rs 50 per lot Rs 0
Currency Futures 0.03% Rs 0
Currency Options Rs 50 per lot Rs 0
Commodity Futures 0.03% Rs 0
Commodity Options Nil Rs 0
Special Offer

Aditya Birla Money Charges Vs Finvasia

Minimum Brokerage Rs 20 per executed order Rs 0
Other Charges Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Nil Rs 0
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Aditya Birla Money Vs Finvasia Transaction Charges

Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

  Aditya Birla Money Finvasia
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures Rs 190 per Cr (0.0019%) NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 110 per Cr (0.0011%) Rs 115 per Cr (0.00115%)
Currency Options Rs 4000 per Cr (0.04%) (on premium) Rs 4000 per Cr (0.04%) (on premium)
Commodity MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%) Rs 260 per Cr (0.0026%)
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Aditya Birla Money Vs Finvasia Leverage (Margin)

Aditya Birla Money margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Finvasia margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Aditya Birla Money Finvasia
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Aditya Birla Money and Finvasia Features

The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

  Aditya Birla Money Finvasia
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No
Trading Platform Etrade, Advanced web, Mobile invest Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:15 3:15 PM
Other Features Insurance and Pension scheme available Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Aditya Birla Money Vs Finvasia Review

Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

  Aditya Birla Money Finvasia
  21 Customer Reviews    Rate Aditya Birla Money 40 Customer Reviews    Rate Finvasia
Fees 3.1 4.7
Brokerage 3.1 4.9
Trading Platform 3.0 3.6
Customer Service 2.8 4.5
Research Capabilities 3.7 2.9
Overall Ratings Rated 2.9 stars Rated 4.6 stars
Broker Rating Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews Finvasia is rated 4.6 of 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

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Aditya Birla Money Vs Finvasia Investment Options

  Aditya Birla Money Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Mutual Funds
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Aditya Birla Money Vs Finvasia Order Type Offered

  Aditya Birla Money Finvasia
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Aditya Birla Money Vs Finvasia Research Report

  Aditya Birla Money Finvasia
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Aditya Birla Money Vs Finvasia Suitable For Investor Type

  Aditya Birla Money Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
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Aditya Birla Money Vs Finvasia - Pros and Cons

  Aditya Birla Money Finvasia
Pros
  1. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.
Cons
  1. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
  • Scalpter, the web-based trading platform has only 1 min charting frame.
  • Bracket orders are chargeable.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.
  • Finvasia is an online stock broker. It doesn't have branch offices.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding.
  • Leverage offered is on the lower side in comparison with other discount brokers.
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