Finvasia Stock Trading, Demat, Brokerage and Reviews 2021


76.76% 10,070 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 2021

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

Trading Brokerages

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

Equity Intraday

Equity Delivery

Equity Futures

Equity Options

Currency Futures

Currency Options

Commodity (MCX)

A/C opening charge

Rs 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

Rs 325/crore

Rs 325/crore

Rs 190/crore

Rs 5000/crore of premium

Rs 115/crore

Rs 4000/crore of premium

Rs 260/ crore

Clearing Fees

Rs 0

Rs 50/Cr

GST

18%

SEBI Fees

Rs 5/crore

Stamp Duty*

As per UT Rs 10

Rs 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 Rs 5 per Crore.

Other Charges (Finvasia Hidden Fees):

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

Rs 0

2

Stamp Charges payable upfront (at actual)

Rs 199

3

Annual Maintenance Charges (AMC):

a. Individuals

Rs 0 Per Year

b. Corporates

Rs 1000 + GST (Payable upfront every year)

4

Transaction Charges per ISIN (Market Trades):

a. Buy (Receive)

Rs 0

b. Sell (Debit)

Rs 9 (including CDSL Fee)

5

Inter Depository Transfer (Off-Market Trades):

a. Buy (Receive)

NIL

b. Sell(Debit)

Rs 9 (including CDSL Fee)

6

Demat (Per certificate)

Rs 15 + Rs 99 Courier charges

7

Remat (Per ISIN)

Rs 15 + Rs 99 Courier charges

8

Courier charges per Demat/ Remat request

Rs 99

9

Pledge per ISIN

Rs 25 + NSDL Charges

10

Unpledge per ISIN

Rs 25 + NSDL Charges

11

Pledge Invocation per ISIN

Rs 19

12

Periodic Statements

Email: Free | Physical: Rs 99 Courier Charges

13

Adhoc / Non Periodic Statement

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

14

Delivery Instructions

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

15

Check Bounce

Rs 299

16

Failed Transaction

Rs 49 per transcaction

17

Modification in Client Information

Rs 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 4.5 stars 4.5/5
Fees Rated 4.7 stars 4.7/5
Brokerage Rated 4.9 stars 4.9/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 4.4 stars 4.4/5
Research Capabilities Rated 2.6 stars 2.6/5

Based on 34 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 10,070 28 0.28%
NSE 2019-20 5,697 15 0.26%
BSE 2019-20 356 2 0.56%
NSE 2018-19 3,335 4 0.12%
NSE 2017-18 1,998 8 0.4%
NSE 2016-17 894 2 0.22%
NSE 2015-16 617 1 0.16%

* 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


39 Comments

Srikar
39. Srikar  Feb 22, 2021 14:08 I Like It. | Report Abuse Reply 0
0 brokerage means 0 brokerage. This is a great way to get customers. I am about to complete 1 year of my account with Finvasia and I am very satisfied with all the happenings.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Excellent
Overall Experience - Excellent
Rajeev Tikekar
38. Rajeev Tikekar  Feb 11, 2021 21:48 I Like It. | Report Abuse Reply 0
After introducing new platform, I will recommend this to new comers.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Excellent
Abhay
37. Abhay  Feb 4, 2021 19:00 I Like It. | Report Abuse Reply 0
no RM available

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Excellent
Sameer Pandey
36. Sameer Pandey  Jan 20, 2021 16:59 I Like It. | Report Abuse Reply 0
With the new platform shoonya being implemented a while ago which means that they are paying attention to what customers are asking for. Can’t wait to see more updates like that in future.
Jainam shah
35. Jainam shah  Jan 19, 2021 16:14 I Like It. | Report Abuse Reply 0
If we have placed a order.
some times its not executing even if we are seeing price is at the exact point.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Above Average
Kapil Gaind
34. Kapil Gaind  Jan 15, 2021 19:42 I Like It. | Report Abuse Reply 0
Top class service. Start providing tips as well.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Tux
33. Tux  Jan 14, 2021 23:41 I Like It. | Report Abuse Reply 0
Absolutely mind blowing customer experience. Much better than brokers who charge for everything.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Arvind
32. Arvind  Dec 12, 2020 04:47 I Like It. | Report Abuse Reply 0
IPO, FPO, OFS and others things you need not available.
No integrity
Only 0 brokerage .


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Average
Yogesh
31. Yogesh  Dec 11, 2020 17:56 I Like It. | Report Abuse Reply 0
very good service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
Baljit Kaur
30. Baljit Kaur  Dec 5, 2020 16:41 I Like It. | Report Abuse Reply 0
Excellent customer support and providing best services free of cost

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Anand shukla
29. Anand shukla  Nov 27, 2020 21:50 I Like It. | Report Abuse Reply 0
Awesome

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Jitesh Monga
28. Jitesh Monga  Oct 20, 2020 15:22 I Like It. | Report Abuse Reply 0
King of brokerage-free trading.
Vihaan Verma
27. Vihaan Verma  Oct 8, 2020 13:39 I Like It. | Report Abuse Reply 0
Nothing competes with Finvasia when it comes to brokerage, so Kudos to the company for such a customer-friendly business model.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Excellent
Pranjal Dargan
26. Pranjal Dargan  Sep 21, 2020 18:42 I Like It. | Report Abuse Reply 0
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
25. BASANT KUMAR GAYKWAD  Sep 16, 2020 00:24 I Like It. | Report Abuse Reply 0
LIKE

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Excellent
Overall Experience - Excellent
Raj Kumar
24. Raj Kumar  Aug 12, 2020 23:49 I Like It. | Report Abuse Reply 0
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
23. Shivam  Aug 2, 2020 22:55 I Like It. | Report Abuse Reply 0
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
22. Utkarsh  Jan 9, 2020 08:09 I Like It. 1 | Report Abuse Reply 0
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
21. Raaj  Jul 17, 2020 02:09 I Like It. | Report Abuse Reply 0
Excellent, Very genuine
RAMESH KUMAR MONGA
20. RAMESH KUMAR MONGA  Jul 12, 2020 22:18 I Like It. | Report Abuse Reply 0
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

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