IIFL Vs Finvasia (Compare IIFL and Finvasia)
The side-by-side comparison of IIFL and Finvasia. Compare IIFL Vs Finvasia brokerage, charges, exposure margin, demat account. Read Finvasia and IIFL review.
Find out IIFL Vs Finvasia which is better and IIFL Vs Finvasia which is best.
Our IIFL Securities Limited comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between IIFL and Finvasia.
IIFL Vs Finvasia
IIFL
Finvasia
Find more info about broker
About the Broker
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
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, in...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
NSE, BSE, MCX
BSE, NSE, MCX
Account Type
Standard Account
Standard
Broker Enquiry
Year of Incorporation
1996
2013
Number of Branches
900
1
Enquire IIFL
Enquire Finvasia
IIFL Vs Finvasia Charges
IIFL
Finvasia
Trading Account Opening Fees
₹750
₹0 (Free)
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹555
₹0 (Free)
Demat Account AMC
₹ 400 (One time)
₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory?
No
No
IIFL Vs Finvasia Brokerage
Brokerage Plan 1
IIFL
Finvasia
Account Type
Standard Account
Standard
Fixed Charges
Equity Delivery Brokerage
0.50%
₹0
Equity Intraday Brokerage
0.05%
₹0
Equity Futures Brokerage
0.05%
₹0
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
₹0
Currency Futures Trading Brokerage
₹25 per lot
₹0
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
₹0
Commodity Futures Trading Brokerage
0.05%
₹0
Commodity Options Trading Brokerage
₹0
Special Offer
Other Charges
Minimum Brokerage Charges
₹0.05 per share
₹0
Other Brokerage Charges
Advisory SMS - ₹50 per month
Bracket Orders in NEST: ₹99 per month
Call & Trade Charges
₹50 per call
₹0
IIFL Vs Finvasia Taxes
IIFL
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) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
IIFL Vs Finvasia Transaction Charges
IIFL
Finvasia
Equity Delivery
0.00325%
NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday
0.00325%
NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Futures
0.0021%
NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options
0.051% on premium
₹5000 per Cr (0.05%) (on premium)
Currency Futures
0.0021%
₹115 per Cr (0.00115%)
Currency Options
0.051% on premium
₹4000 per Cr (0.04%) (on premium)
Commodity
0.0028%
₹260 per Cr (0.0026%)
IIFL Vs Finvasia Exposure Margin
IIFL
Finvasia
Equity Delivery
Upto 3x with 18% interest per year
1x
Equity Intraday
Upto 20x
up to 10x
Equity Futures
Upto 3x
2x
Equity Options
3x for shorting
1x
Currency Futures
Upto 2x
1x
Currency Options
2x for shorting
1x
Commodity Futures
Upto 3x
2x
Commodity Options
1x
IIFL and Finvasia Feature Comparison
IIFL
Finvasia
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
TT Exe, TT Web, IIFL Markets
Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time
3:15 PM
Other Features
Market Mantra, Loyalty Points
Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
IIFL Vs Finvasia Review
IIFL
Finvasia
108 Customer Reviews
14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
IIFL is Rated 2.7 / 5 based on 108 customer reviews Finvasia is Rated 4.5 / 5 based on 14 customer reviews
IIFL Vs Finvasia Investment Options
IIFL
Finvasia
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
IIFL Vs Finvasia Customer Service
IIFL
Finvasia
24/7 Customer Service
Onine Live Chat
Through Branches
IIFL Vs Finvasia Order Type Offered
IIFL
Finvasia
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Vs Finvasia Research Report
IIFL
Finvasia
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
IIFL Vs Finvasia Suitable For Investor Type
IIFL
Finvasia
Casual Investor
Active Investor
Trader
IIFL Vs Finvasia - Advantages and Disadvantages
IIFL
Finvasia
Pros
4000+ branches in 900+ cities make them your neighborhood broker.
Being a full service broker, they offer wide range of financial products and services.
IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
India Infoline Ltd is a publicly traded company listed at BSE and NSE.
More Advantages...
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.
More Advantages...
Cons
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
Doesn't offer a 3-in-1 account.
Doesn't offer margin funding. The company is planning to launch this service in future.
Leverage offered is on the lower side in comparison with other discount brokers.
NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
GTC orders are not available at NSE and BSE.
More Disadvantages...
Reviews
Promo / Offers
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Zerodha
Zero Account Opening Fee