Finvasia Stock Trading, Demat, Brokerage and Reviews 2020


38.48% 7,889 Clients

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, India. They are offering stock broking services in India since August 2016. The company is the member of BSE, NSE, and MCX. They are planning to launch Clearing Services, Margin Funding, and Depository Services in near future.

Finvasia offers lifetime zero brokerage trading services across the segment on BSE, NSE, and MCX. Customers pay absolutely no commission while trading with Finvasia. The brokerage free trading is available in all the exchanges and segments. Finvasia also doesn't charge Clearing Fee. The client has to pay the taxes and exchange transaction changes. Unlike other discount brokers, FINVAISA charge additional per month fee for using most of its software's for trading (platform charges). Customers who move from traditional brokers to Finvasia saves over 90% in commission paid to the broker.

The zero commission trading services make the broker very popular among traders. But the leverage offered for trading is lower in comparison to other brokers in the same category.  The company gives leverage of up to 10x for Equity Intraday trading.

Finvasia offers a wide range of tools for trading, technical, fundamental, statistical analysis. The trading platforms offered are ScalperT, Omnysis NEST, NSE Now, Symphony, Amibroker, and Algos. The trading tools offered include High-frequency trading, Institutional Order Book, Algo Plugins, Algorithmic FIX Engine and Latency Sensitive API.

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Finvasia Charges 2020

  • Finvasia Trading Account Opening Charges: ₹0 (Free)
  • Demat account Opening Fee: ₹0 (₹199 for Power of Attorney)
  • Trading Account AMC: ₹0 (Free)
  • Demat Account AMC: ₹0 per year (₹1000 for corporate clients)

Trading Brokerages

  • Equity Delivery Brokerage: ₹0
  • Equity Intraday Brokerage: ₹0
  • Equity Future Brokerage: ₹0
  • Equity Options Brokerage: ₹0
  • Currency Futures Brokerage: ₹0
  • Currency Options Brokerage: ₹0
  • MCX Commodity Brokerage: ₹0
Finvasia Brokerage Charges Explained

Equity Intraday

Equity Delivery

Equity Futures

Equity Options

Currency Futures

Currency Options

Commodity (MCX)

A/C opening charge

₹0 (Free)

Leverage

Up to 10x

1x

2x

1x

1x

1x

2x

STT/CTT

0.025% (on Sell side)

0.1% (both sides)

0.01% (on Sell side)

0.05% (on Sell side)
0.125% (where option is exercised)

0

0

0.01% (on Sell side)

Transaction Charges

₹325/crore

₹325/crore

₹190/crore

₹5000/crore of premium

₹115/crore

₹4000/crore of premium

₹260/ crore

Clearing Fees

₹0

₹50/Cr

GST

18%

SEBI Fees

₹5/crore

Stamp Duty*

As per UT ₹10

₹0

*Stamp duty for all states will be charged as per UT Chandigarh except for DELHI, RAJASTHAN, GUJRAT, MAHARASTRA, KERALA, AP, KARNATAKA, TELANGANA, WEST BENGAL, TAMILNADU and HARYANA. (For these states you will be charged as per their Stamp duty).

Finvasia Charges (Fee Structure) Explained

  • STT: Charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charged based on the state where customer lives.
  • GST: Charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at ₹5 per Crore.

Other Charges (Finvasia Hidden Fees):

  • Software uses charges (Per Month):
    • ScalperT - Free
    • NSE NOW: NSE: ₹0 | BSE: ₹149 per segment per month
    • NEST: ₹49 per exchange per month, ₹99 for bracket order
    • Presto: ₹1599
    • Blitz Trader: ₹2999
  • Call & Trade is available free of cost.
  • DP charges for delivery based equity selling - ₹9 per transaction.

Finvasia Demat Account Charges:

Finvasia provides depository services (Demat Account) through its membership with CDSL. Finvasia's demat account charges are as below:

Finvasia Brokerage Charges Explained

ID

Transaction

Charges

1

Demat Account Opening Charges

₹0

2

Stamp Charges payable upfront (at actual)

₹199

3

Annual Maintenance Charges (AMC):

a. Individuals

₹0 Per Year

b. Corporates

₹1000 + GST (Payable upfront every year)

4

Transaction Charges per ISIN (Market Trades):

a. Buy (Receive)

₹0

b. Sell (Debit)

₹9 (including CDSL Fee)

5

Inter Depository Transfer (Off-Market Trades):

a. Buy (Receive)

NIL

b. Sell(Debit)

₹9 (including CDSL Fee)

6

Demat (Per certificate)

₹15 + ₹99 Courier charges

7

Remat (Per ISIN)

₹15 + ₹99 Courier charges

8

Courier charges per Demat/ Remat request

₹99

9

Pledge per ISIN

₹25 + NSDL Charges

10

Unpledge per ISIN

₹25 + NSDL Charges

11

Pledge Invocation per ISIN

₹19

12

Periodic Statements

Email: Free | Physical: ₹99 Courier Charges

13

Adhoc / Non Periodic Statement

Email: Free | Physical: ₹5 per page + ₹99 Courier Charges

14

Delivery Instructions

First Booklet: Free | Additional: ₹99 for 10 leaves

15

Check Bounce

₹299

16

Failed Transaction

₹49 per transcaction

17

Modification in Client Information

₹19 per request

18

Demat Closure Account

Nil

19

Delay Payment Charges

2% per month on T+2 days

Visit Finvasia Brokerage Charges Review for more detail.


Finvasia Online Account Opening

Finvasia Securities is an online stock broker. To trade with them, you have to open an account with them. Following are the ways to open an account with Finvasia Securities:

  • Fill an Online Application Form for instant account opening using AADHAAR.
  • Call Finvasia sales phone line.
  • Visit Finvasia Corporate office at Chandigarh, India.

Finvasia Trading Software (Finvasia Trading Platforms)

Finvasia is a technology-focused stockbroker. It offers a verity of online trading platform to its customers for trading in stock market. Some of the trading applications are available for free to its customer.

  1. ScalperT (Web & Mobile Trading App)

    Finvasia ScalperT Review - Read detail review of ScalperT Trading Platform

    ScalperT offers a website (browser-based) and a mobile app for trading at NSE and MCX. This trading platform is available for free to all its customers. This platform has all standard features in a trading app. This includes online trade in stocks, futures, options, currency and commodities, fund transfer, view demat holdings, real-time charts, watch list, and verity of order types including advance orders like cover order and bracket orders.

    ScalparT, Finvasia Trading Plan

  2. NEST (Omnysis powered Trading Terminal)

    NEST is an install-able trading terminal for Windows computer. The NEST is a leading trading platform by Thomson Reuters owned company Omnysis. NEST offers trading in stocks, F&O and commodities at an exceptionally fast speed. Loaded with tons of feature this platform is designed for frequent traders. This is among the most popular and stable trading platform available in India today.

  3. NSE NOW

    NOW is a National Stock Exchange's flagship trading platform. It offers an installable trading terminal, a website and a mobile app for trading. This is among the fastest trading platform as the servers are co-located in the same data centers as the exchange software. Most discount brokers in India offer NSE Now for trading.

  4. Blitz Trader (Algorithmic Trading Platform)

    Blitz Trader is an Algo trading platform for retail customer. It is first of its kind offering for retail investors in India. This platform is widely used by Proprietary Trader, Investment Managers, HFT investors, and Arbitragers. It has an in-built simulator to test your trading strategies before execution.

  5. Symphony Presto

    Presto is a platform to for automated trading algos to trade on MCX, NSE and BSE. Presto is a product of Symphony Fintech, a Mumbai based solution provider of Automated Trading Systems for equities, futures, options, commodities and forex. Presto is designed for small Traders to sophisticated Hedge Funds. This platform is to Design, Test, Deploy, Execute and Monitor fully automated trading or execution algos.

 

Visit Finvasia Trading Software Review for more detail.

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Finvasia Pros and Cons


Finvasia Pros (Advantages)

The following are the advantages of Finvasia. You must read Finvasia advantages and disadvantages before opening an account with Finvasia. Finvasia pros and cons help you find if it suits your investment needs.

  • They offer truly commission-free online trading. They don't charge any brokerage. Customer pay only taxes and monthly trading platform uses charges for few trading software's.
  • ScalperT, the flagship Web & Mobile Trading App is available for free of charge to all its customers.
  • A wide range of trading platforms are available including NSET, NOW, ScalperT etc.
  • A discount broker who also provide research and stock analysis.
  • Trading and Demat Account opening is FREE.
  • Five minutes online paperless account opening is available through eKYC and AADHAAR eSign.
  • Call & Trade is available for free of charge.
  • Finvasia is among very few brokers who offer tools for Algo trading to retail customers.
  • Online Chat support is available on its website.
  • Online IPO Application is available with Finvasia.
  • Advance order types like bracket orders and cover orders are available.

Finvasia Cons (Disadvantages)

The following are the cons of Finvasia. Check the list of Finvasia drawbacks.

  • Finvasia offers online do-it-yourself (DIY) stock trading faculty with minimum or no support from the broker. They are not suitable for beginners or casual investors.
  • Margin/Leverage offered is very low in comparison with other brokers.
  • Scalpter (trading website) has only 1 min charting frame.
  • Advance order types like Bracket orders are chargeable.
  • Trading platforms like NEST and NOW are chargeable.
  • While there is no brokerage charge, you still have to pay for demat changes, taxes, software charges, etc.
  • GTC orders are not available at NSE and BSE. They are available at MCX.
  • Finvasia is an online broker. It doesn't have branches for local support.
  • Doesn't offer Margin Funding.
  • Doesn't offer a 3-in-1 account.

Finvasia Securities Pvt Ltd Enquiry Form

Finvasia Margin / Exposure

Finvasia leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery1x
Equity Intradayup to 10x
Equity Future2x
Equity Options1x
Currency Future1x
Currency Options1x
Commodity Future2x
Commodity Options1x

Visit Finvasia Margin Review for more detail.


Finvasia Ratings

Overall Rating Rated 4.4 stars 4.4/5
Fees Rated 4.6 stars 4.6/5
Brokerage Rated 4.9 stars 4.9/5
Usability Rated 3.2 stars 3.2/5
Customer Service Rated 4.4 stars 4.4/5
Research Capabilities Rated 2.5 stars 2.5/5

Based on 25 Votes by Finvasia Customers

Do you trade with Finvasia? Rate Finvasia


Finvasia Complaint

The number of Finvasia customer complaint received by the exchanges. The Finvasia consumer complaint report helps understanding the Finvasia Securities Pvt Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 7,889 14
NSE 2019-20 5,697 15
BSE 2019-20 356 2
NSE 2018-19 3,335 4
NSE 2017-18 1,998 8
NSE 2016-17 894 2
NSE 2015-16 617 1

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Finvasia Complaints at BSE, NSE and MCX for detail report.


Finvasia Exposures

  • Finvasia Margin Delivery (Cash): 1x leverage (2x in limited stocks for T+5)
  • Finvasia Margin Intraday: 10x leverage in Equity category A stocks.
  • Finvasia Margin Equity Future Intraday: MIS (Margin Intraday Squareoff) positions with 2x NRML(Normal) margin.
  • Finvasia Margin Currency Future Intraday: 2x
  • Finvasia Margin Options: 1x (no margin)

Note: Additional paid leverage available to customer.

Finvasia Membership Information

Finvasia is a genuine broker registered and regulated by SEBI, the capital market regulator in India. Finvasia Securities Private Limited is member of BSE, NSE and MCX. 

  • NSE Member Code: 14846
  • BSE Member Code: 4043
  • MCX Member ID: 55135
  • NSE Clearing Member: M51912
  • SEBI Registration Number: IN-DP-317-2017
  • CDSL DP ID: 12084300


29 Comments

Pranjal Dargan
29. Pranjal Dargan  Sep 21, 2020 17:42 I Like It. | I Don't Like It. | Report Abuse Reply
A good experience, when compared with other discount brokers. Their charges are way less than others. Only suggestion is to work on the app a little bit. Otherwise a big thumbs up!
BASANT KUMAR GAYKWAD
28. BASANT KUMAR GAYKWAD  Sep 15, 2020 23:24 I Like It. | I Don't Like It. | Report Abuse Reply
LIKE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Excellent
Overall Experience - Excellent
hp
27. hp  Aug 27, 2020 12:18 I Like It. | I Don't Like It. | Report Abuse Reply
Best Brokerage Service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
Raj Kumar
26. Raj Kumar  Aug 12, 2020 22:49 I Like It. | I Don't Like It. | Report Abuse Reply
Bad scalpert mobile app.some stocks cannot be put into watchlist

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Shivam
25. Shivam  Aug 2, 2020 21:55 I Like It. | I Don't Like It. | Report Abuse Reply
Zero brokerage excellent for beginners.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
Utkarsh
24. Utkarsh  Jan 9, 2020 07:09 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Trading with Finvasia for the last 2 years. Barring a few glitches with SCALPERT it has been an excellent experience. Even the customer care is very good.
4.5 stars..
Raaj
23. Raaj  Jul 17, 2020 01:09 I Like It. | I Don't Like It. | Report Abuse Reply
Excellent, Very genuine
RAMESH KUMAR MONGA
22. RAMESH KUMAR MONGA  Jul 12, 2020 21:18 I Like It. | I Don't Like It. | Report Abuse Reply
All over excellent in all service/segment.especially for ZERO brokerage.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Excellent
venky v
21. venky v  Jul 1, 2020 13:08 I Like It. | I Don't Like It. | Report Abuse Reply
Had few growing up challenges with them (from platform plus expectations perspective) and after 4 months, saving tons and tons of money (am both a passiveaggressive plus day trader (whatever multibagger means) with absolutely no guidance from no one.

have one more account with another low cost trader and after spending few thousands on brokerage fees (for nothing), finvasia is like manna from heaven

very simple user interface (am not in to exotic stop-loss etc. trading...and having no margin facilities aid me to control my gambling instincts to only the money in my account (hehehehehhehehe) really thanks to finvasia......this platform is only for folks who have money to play, not the emi morons expecting millions on day trading with OPM (other peoples money)

customer service is really very amenable and friendly for absolutely necessary tasks. if you make a mistake, you better own it.....as you're in absolute control of your account

Anyways, to make the long story short......folks are just crazy to use other brokers

FINVASIA is Our own indian Robinhood !!!!!!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
arpians
20. arpians  Jun 11, 2020 08:48 I Like It. | I Don't Like It. | Report Abuse Reply
its true that they dont take any brokerage. Few issues which i observed are as below:

1. Their web based platform Scalpter have only 1 min charting frame
2. No multiple login allowed
3. bracket order is chargeable

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Above Average
Overall Experience - Below Average
Shridhar. R.T
19. Shridhar. R.T  May 15, 2020 16:15 I Like It. | I Don't Like It. | Report Abuse Reply
It is a very good brokerage firm , very helpful for traders in all respects, (except low leverage). Over all i am very happy about finvasia

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Excellent
BIRESH BARMAN
18. BIRESH BARMAN  May 10, 2020 12:51 I Like It. | I Don't Like It. | Report Abuse Reply
I like very much and cooperative but you should have the allready must have sound person in this field otherwise for beginer its not simple.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Very Poor
Customer Service - Above Average
Overall Experience - Excellent
vibhuti
17. vibhuti  Apr 2, 2020 20:44 I Like It. | I Don't Like It. | Report Abuse Reply
What is demat transfer charge in finvasia? how it calculate ?
Fa
16. Fa  Apr 24, 2019 20:22 I Like It. | I Don't Like It. | Report Abuse Reply
Free trading software is not at all proper, logging out every 3 min., if inactive, and also very slow.

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
Senju
16.1. Senju  Dec 5, 2019 23:41 I Like It. 2 | I Don't Like It. | Report Abuse
"Brokerage average"...? Is brokerage zero not enough for you?
Then what about a -10 or -20 bokerage like when you do a trade finvasia will pay you 10 or 20 rs. Is that enough?
Ravindra
15. Ravindra  Jan 25, 2020 12:22 I Like It. | I Don't Like It. | Report Abuse Reply
Scalpert trading is not good but overall is good.......
many tading plateform availble.......next , fox etc...
so keep on trading......

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Average
Rathi
14. Rathi  Sep 18, 2019 13:48 I Like It. | I Don't Like It. | Report Abuse Reply
Scalpert & NSE NOW platforms are excellent, online customer support is very good.
For quarterly settlement, Finvasia force you to trade, for a large amount, other wise, all your holding stocks will go to Demat account, no more available for trade, they charge 9/- per scrip, for returning it back to trading account again you have to pay 9/- per scrip, so for investors, consider it as 9/- per trade. If Finvasia can avoid these charges, then they are the
best.
Sharma pg
13. Sharma pg  Sep 9, 2019 17:57 I Like It. | I Don't Like It. | Report Abuse Reply
Everything from brokerage to customer care is excellent. Trading softwares are just adequate. And yes no hidden charges.
Shahid Ali
12. Shahid Ali  Jul 13, 2019 16:14 I Like It. | I Don't Like It. | Report Abuse Reply
Best broker to go with! I used to trade with zerodha but their pathetic customer service and platform glitches forced me to look for another broker. Then I switched to finvasia and it's been more than a year now and I feel it was the best decision to go with these guys. My costs have reduced significantly besides zero brokerage other services are also free. Platform is stable and glitch free, best thing about them is that they really care about their customers; whenever I need them they always respond promptly.
Jabir abdulkader
11. Jabir abdulkader  Jul 3, 2019 16:33 I Like It. | I Don't Like It. | Report Abuse Reply
1 - Better experience
2 - Customer care executive ever some support
3 - Immediate customer care respond
4 - Brokerage is zero
5 - Fund transferring part only little bit delay
6 - Trading platform Scalpert very simple
7 - IOS support Platform not available
8 - Leverage upto 5x only
9 - Account opening paper less,very fast and very easy

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
Murali
10. Murali  Jan 26, 2019 15:56 I Like It. | I Don't Like It. | Report Abuse Reply
Great service but scalpert is waste so use now-online

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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