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Nirmal Bang Vs Finvasia (Compare Nirmal Bang and Finvasia)


Nirmal Bang Securities Pvt Ltd Logo

Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd


Finvasia Securities Pvt Ltd Logo

Finvasia
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, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd

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Nirmal Bang Vs Finvasia

Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Nirmal Bang Finvasia
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX
Year of Incorporation 1986 2013
Number of Branches 2000 1
Open an Online Trading Account with Nirmal Bang.Open an Online Trading Account with Finvasia.
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Nirmal Bang Vs Finvasia Charges & AMC

Nirmal Bang trading account opening charges is Rs 0 while Finvasia account opening changes is Rs 0 (Free). Nirmal Bang Demat Account AMC Charges is Rs 200 and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

  Nirmal Bang Finvasia
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 200 Rs 0 per year (Lifetime Zero AMC)
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Nirmal Bang Vs Finvasia Brokerage Charges & Plans

Nirmal Bang Vs Finvasia Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

  Nirmal Bang Finvasia
Account Type Basic Plan Standard
Fixed Charges NA NA
Equity Delivery 0.2% Rs 0
Equity Intraday 0.02% Rs 0
Equity Futures 0.02% Rs 0
Equity Options Rs 35 Rs 0
Currency Futures 0.02% Rs 0
Currency Options Rs 20 Rs 0
Commodity Futures 0.01% Rs 0
Commodity Options Rs 0
Special Offer

Nirmal Bang Charges Vs Finvasia

Minimum Brokerage Rs 0
Other Charges Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Rs 0
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Nirmal Bang Vs Finvasia Transaction Charges

Nirmal Bang transaction charges for options is Rs 5700 while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

  Nirmal Bang Finvasia
Equity Delivery Rs 390 NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday Rs 390 NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures Rs 240 NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options Rs 5700 Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 240 Rs 115 per Cr (0.00115%)
Currency Options Rs 5700 Rs 4000 per Cr (0.04%) (on premium)
Commodity Rs 250 Rs 260 per Cr (0.0026%)
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Nirmal Bang Vs Finvasia Leverage (Margin)

Nirmal Bang margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Finvasia margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Nirmal Bang Finvasia
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Nirmal Bang and Finvasia Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

  Nirmal Bang Finvasia
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time 3:15 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
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Nirmal Bang Vs Finvasia Review

Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews whereas Finvasia is rated 4.5 of 5 based on 43 customer reviews.

  Nirmal Bang Finvasia
  19 Customer Reviews    Rate Nirmal Bang 43 Customer Reviews    Rate Finvasia
Fees 3.6 4.7
Brokerage 3.5 4.9
Trading Platform 2.6 3.5
Customer Service 2.3 4.4
Research Capabilities 3.0 2.9
Overall Ratings Rated 2.6 stars Rated 4.5 stars
Broker Rating Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews Finvasia is rated 4.5 of 5 based on 43 customer reviews
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Nirmal Bang Vs Finvasia Investment Options

  Nirmal Bang Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Nirmal Bang Vs Finvasia Order Type Offered

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

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

  Nirmal Bang Finvasia
Casual Investor Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs Finvasia - Pros and Cons

  Nirmal Bang Finvasia
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
  • 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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
  • 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.
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