Finvasia Vs Indira Securities (Compare Finvasia and Indira Securities)

Finvasia Vs Indira Securities

Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Finvasia	Indira Securities
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX and NCDEX
Year of Incorporation	2013	1987
Number of Branches	1	335
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Finvasia Vs Indira Securities Charges & AMC

Finvasia trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC) and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

	Finvasia	Indira Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 0 per year (Lifetime Zero AMC)	Rs 450 (Free for 1st year)

Finvasia Vs Indira Securities Brokerage

Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0 whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Finvasia	Indira Securities
Account Type	Standard	Traditional Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 0	0.10%
Equity Intraday	Rs 0	0.01%
Equity Futures	Rs 0	0.01%
Equity Options	Rs 0	Rs 25 per lot (both side)
Currency Futures	Rs 0	0.01%
Currency Options	Rs 0	Rs 25 per lot (both side)
Commodity Futures	Rs 0	0.01%
Commodity Options	Rs 0	Rs 25 per lot (both side)
Special Offer		Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Finvasia Vs Indira Securities Brokerage Plan 2

	Finvasia	Indira Securities
Account Type	Standard	Discount Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 0	Rs 20 per executed order
Equity Intraday	Rs 0	Rs 20 per executed order
Equity Futures	Rs 0	Rs 20 per executed order
Equity Options	Rs 0	Rs 20 per executed order
Currency Futures	Rs 0	Rs 20 per executed order
Currency Options	Rs 0	Rs 20 per executed order
Commodity Futures	Rs 0	Rs 20 per executed order
Commodity Options	Rs 0	Rs 20 per executed order
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Finvasia Charges Vs Indira Securities

Minimum Brokerage	Rs 0	Rs 20 per executed order
Other Charges	Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges	Rs 0	Rs 0 (Free)

Finvasia Vs Indira Securities Transaction Charges

Finvasia transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Finvasia	Indira Securities
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)	NSE Rs 325 per Cr (0.00325%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)	NSE Rs 325 per Cr (0.00325%)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)	NSE Rs 190 per Cr (0.0019%)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 115 per Cr (0.00115%)	NSE Rs 120 per Cr (0.0012%)
Currency Options	Rs 4000 per Cr (0.04%) (on premium)	NSE Rs 500 per Cr (0.005%) (on premium)
Commodity	Rs 260 per Cr (0.0026%)	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Finvasia Vs Indira Securities Leverage (Margin)

Finvasia margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities 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.

	Finvasia	Indira Securities
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 Finvasia and Indira Securities Features

The trading platforms offered Finvasia include Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto. Indira Securities offers ODIN trading software.

	Finvasia	Indira Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto	ODIN
Intraday Square-off Time	3:15 PM	3:15 PM
Other Features	Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Finvasia Vs Indira Securities Review

Finvasia is rated 4.6 of 5 based on 40 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

	Finvasia	Indira Securities
	40 Customer Reviews	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Finvasia is rated 4.6 of 5 based on 40 customer reviews	Indira Securities is rated 4.0 of 5 based on 3 customer reviews

Finvasia Vs Indira Securities Investment Options

	Finvasia	Indira Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Finvasia Vs Indira Securities Order Type Offered

	Finvasia	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Finvasia Vs Indira Securities Research Report

	Finvasia	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Finvasia Vs Indira Securities Suitable For Investor Type

	Finvasia	Indira Securities
Casual Investor
Active Investor
Trader

Finvasia Vs Indira Securities - Pros and Cons

	Finvasia	Indira Securities
Pros	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.	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
Cons	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.	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers		Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.
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