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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.

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IIFL Vs Finvasia

  IIFL Finvasia
Find more info about broker
IIFL Securities Limited Logo Finvasia Securities Pvt Ltd Logo
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... Know more about IIFL Securities Limited 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... Know more about Finvasia Securities Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX BSE, NSE, MCX
Account Type Standard Account Standard
Broker Enquiry Open an Online Trading Account with IIFL. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
Year of Incorporation 1996 2013
Number of Branches 900 1
Enquire IIFL Enquire Finvasia
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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
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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

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
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IIFL Vs Finvasia Taxes

  IIFL Finvasia
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% 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.
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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%)
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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
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IIFL and Finvasia Feature Comparison

  IIFL 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 Available No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
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
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IIFL Vs Finvasia Review

  IIFL Finvasia
  106 Customer Reviews    Rate IIFL 10 Customer Reviews    Rate Finvasia
Fees Ratings 2.9 4.5
Trading Brokerage Rating 2.6 4.8
Trading Platform Usability 3.3 3.1
Customer Service Ratings 2.7 4.7
Overall Ratings Rated 2.7 stars Rated 4.7 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 106 customer reviews Finvasia is Rated 4.7 / 5 based on 10 customer reviews
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Contact Broker / Request A Call Back

  IIFL Enquire Finvasia Enquire
Contact Broker
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IIFL Vs Finvasia Investment Options

  IIFL Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No
Debt Yes No
Other Investment Options
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IIFL Vs Finvasia Customer Service

  IIFL Finvasia
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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IIFL Vs Finvasia Order Type Offered

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

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

  IIFL Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
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IIFL Vs Finvasia - Advantages and Disadvantages

  IIFL Finvasia
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. 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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. 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
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