Geojit Vs Finvasia (Compare Geojit and Finvasia)

Geojit Vs Finvasia

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

	Geojit	Finvasia
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX-SX	BSE, NSE, MCX
Year of Incorporation	1987	2013
Number of Branches	509	1
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Geojit Vs Finvasia Charges & AMC

Geojit trading account opening charges is Rs 425 while Finvasia account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 700 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

	Geojit	Finvasia
Trading Account Opening Charges	Rs 425	Rs 0 (Free)
Trading Account AMC Charges	NIL	Rs 0 (Free)
Demat Account Opening Charges	NIL	Rs 0 (Free)
Demat Account AMC Charges	Rs 700	Rs 0 per year (Lifetime Zero AMC)

Geojit Vs Finvasia Brokerage

Geojit 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.

	Geojit	Finvasia
Account Type	Online Trading	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 125 per contract	Rs 0
Currency Futures	0.03%	Rs 0
Currency Options	Rs 125 per contract	Rs 0
Commodity Futures	NA	Rs 0
Commodity Options	NA	Rs 0
Special Offer

Geojit Charges Vs Finvasia

Minimum Brokerage	1p per share or Rs 20/contract whichever is higher	Rs 0
Other Charges		Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges		Rs 0

Geojit Vs Finvasia Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

	Geojit	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 210 per Cr (0.0021%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options	Rs 5500 per Cr (0.05%)	Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 145 per Cr (0.00145%)	Rs 115 per Cr (0.00115%)
Currency Options	Rs 4730 per Cr (0.0473%) on premium	Rs 4000 per Cr (0.04%) (on premium)
Commodity	NA	Rs 260 per Cr (0.0026%)
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Geojit Vs Finvasia Leverage (Margin)

Geojit 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.

	Geojit	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 Geojit and Finvasia Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

	Geojit	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	Selfie Platinum, Selfie Gold, Mobile App	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time		3:15 PM
Other Features		Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Geojit Vs Finvasia Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

	Geojit	Finvasia
	102 Customer Reviews	40 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.7 of 5 based on 102 customer reviews	Finvasia is rated 4.6 of 5 based on 40 customer reviews

Geojit Vs Finvasia Investment Options

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

Geojit Vs Finvasia Order Type Offered

	Geojit	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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Geojit Vs Finvasia Research Report

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

Geojit Vs Finvasia Suitable For Investor Type

	Geojit	Finvasia
Casual Investor
Active Investor
Trader

Geojit Vs Finvasia - Pros and Cons

	Geojit	Finvasia
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.
Cons	1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.	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
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