Fyers Vs Finvasia (Compare Fyers and Finvasia)

Fyers Vs Finvasia

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

	Fyers	Finvasia
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2015	2013
Number of Branches	0	1
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Fyers Vs Finvasia Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Finvasia account opening changes is Rs 0 (Free). Fyers Demat Account AMC Charges is Rs 300 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

	Fyers	Finvasia
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 300	Rs 0 per year (Lifetime Zero AMC)

Fyers Vs Finvasia Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

	Fyers	Finvasia
Account Type	Flat Fee Brokerage Plan	Standard
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 0
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	Rs 0
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 0
Equity Options	Rs 20 per executed order	Rs 0
Currency Futures	Rs 20 per executed order or .03% whichever is lower	Rs 0
Currency Options	Rs 20 per executed order	Rs 0
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 0
Commodity Options	Rs 20 per executed order	Rs 0
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Fyers Charges Vs Finvasia

Minimum Brokerage	Intra-day: Rs 7 or 2.5% whichever is lower	Rs 0
Other Charges	Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)	Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges	Rs 20 per trade	Rs 0

Fyers Vs Finvasia Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

	Fyers	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 240 per Cr (0.0024%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options	Rs 5900 per Cr (on premium) (0.059%)	Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 240 per Cr (0.0024%)	Rs 115 per Cr (0.00115%)
Currency Options	Rs 5900 per Cr (on premium) (0.059%)	Rs 4000 per Cr (0.04%) (on premium)
Commodity	NA	Rs 260 per Cr (0.0026%)
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Fyers Vs Finvasia Leverage (Margin)

Fyers 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.

	Fyers	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 Fyers and Finvasia Features

The trading platforms offered Fyers include Fyers One (In-house build). Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

	Fyers	Finvasia
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	Fyers One (In-house build)	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time	3:20 PM	3:15 PM
Other Features	Brokerage free thematic investing is available	Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Fyers Vs Finvasia Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

	Fyers	Finvasia
	21 Customer Reviews	40 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 3.2 of 5 based on 21 customer reviews	Finvasia is rated 4.6 of 5 based on 40 customer reviews

Fyers Vs Finvasia Investment Options

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

Fyers Vs Finvasia Order Type Offered

	Fyers	Finvasia
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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Fyers Vs Finvasia Research Report

	Fyers	Finvasia
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Fyers Vs Finvasia Suitable For Investor Type

	Fyers	Finvasia
Casual Investor
Active Investor
Trader

Fyers Vs Finvasia - Pros and Cons

	Fyers	Finvasia
Pros	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!	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	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.	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.
Reviews
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
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