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Finvasia Stock Trading, Demat, Brokerage and Reviews 2019


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.

Finvasia Ratings

Overall Rating Rated 4.8 stars 4.8/5
Fees Rated 5.0 stars 5.0/5
Brokerage Rated 5.0 stars 5.0/5
Usability Rated 2.8 stars 2.8/5
Customer Service Rated 4.6 stars 4.6/5

Based on 5 Votes by Finvasia Customers

Do you trade with Finvasia? Rate Finvasia

Information about Finvasia account opening, Finvasia open account, Finvasia opening charges, Finvasia account opening charges, Finvasia account opening status, Finvasia amc charges, Finvasia account charges, Finvasia account closure

Finvasia's 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.

Find info about Finvasia platform, Finvasia trading platform, Finvasia trading software, Finvasia trading demo, Finvasia Demo, Finvasia download, Finvasia software download, Finvasia software, Finvasia stop loss, Finvasia trading and Finvasia trading account.

Finvasia Special Offers

Sorry no special offers available by Finvasia at this time.

Visit Exclusive Promotions / Offers from Stock Brokers in India webpage for more offers.

Finvasia Brokerage Charges 2019

  • 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

₹20/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

  • Securities Transaction Tax (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 ₹15 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

Get detail about Finvasia pricing, Finvasia brokerage calculater, Finvasia brokerage, Finvasia plans, Finvasia brokerage review, Finvasia brokerage plans, Finvasia fund transfer, Finvasia intraday brokerage, Finvasia charges, Finvasia charge list, Finvasia charges calculator, Finvasia prepaid brokerage plans, Finvasia yearly charges, Finvasia fees, Finvasia yearly maintenance charge, Finvasia option brokerage and Finvasia trading charges.

How to open account with Finvasia Securities Pvt Ltd?

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.

Get information about Finvasia broker, Finvasia branches, Finvasia sub broker, Finvasia support, Finvasia customer care, Finvasia user reviews, Finvasia user manual, Finvasia website, Finvasia review and Finvasia toll free number

Contact Finvasia / Request Call Back

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EmailCity
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Finvasia Pros and Cons

Finvasia Advantages

  • 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 Disadvantages

  • Some of the trading platforms are available at a monthly fee.
  • Finvasia is an online broker. It doesn’t have branches for local support.

Finvasia Complaints received at BSE / NSE:

Number of customer complained against Finvasia Securities Pvt Ltd share broker. The Finvasia Securities Pvt Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Finvasia Securities Pvt Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
NSE 2018-19 3,128 3
NSE 2017-18 1,998 8
NSE 2016-17 894 2
NSE 2015-16 617 1

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

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

Enquiry Form

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

Finvasia Securities Pvt Ltd Reviews

avatar
9. Tamal Manna  Oct 4, 2018 10:37 Reply
Truly 0 brokerage. Very transparent pricing. Customer service is supportive but sometimes lags behind. Their own trading platform SCALPERT is very ordinary (performance lags sometimes and not so user friendly and interactive) respect to other discount broker's trading platform (ie. Zerodha) but also atleast they have their own trading platform as most discount brokers do not have their own platform. Overall I'm very satisfied with FINVASIA. Hope they will continue to maintain their transparency.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
avatar
9.1. Haradhan Manna  Nov 17, 2018 11:05
Tamal Manna,BANKNIFTY options selling exposure i.e. leverage milta ha Kya? Also how many brokerage they charge?
avatar
8. Karan  Jul 26, 2018 13:52 Reply
This one is amazing as all segments commissions are truly zero. No software charges either. Wonder how they can managing giving everything for free. I was doubtful the start but after getting my contract notes I jumped out of my bed. They are the only zero commission broker IMHO

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
8.1. SirthaBhattacharyya  Oct 20, 2018 20:52
Dont jump too much their Sell rates are chargeable at 9/-.
avatar
8.2. Simar  Oct 22, 2018 09:54
this is new sirthabhattacharyaa! im with them since they started zero brokerage and never had any charge expect the govt/tax charges or the platform charge. Can you share details of the specific charges you are talking about
avatar
7. pavankumar  Oct 16, 2018 10:32 Reply
since eight months I am doing trading in Finvasia, I can say One of the all time Best Discount Broker in India which support( IPO, MUTUAL FUNDS free of cost) when compare to zerodha/other discount brokers.

Pros
1) No AMC cost,account opening charges.
2) No Brokerage cost,free on all Segments( Equity,F&O, MCX).
3) Trading Platform (scalpert) is one of the best software for Web/mobile.
4) Customer support is one of the majore advantage,staff is supportive and friendly in chat/call. Directely call connects no hold etc.
5) Fund add within 10mins via Bank (NEFT/IMPS) on both call/chat.
6) Every month RM Team will call and take feedback.
7) Detailed Trading report forwarded through SMS and email at the end of the day. (The detailed sms report is very useful)
8) No clearing charges.
9) CO,BO added additional advantage

Cons:
1) Intrady leverage is very low.
2) No stock buy/sell suggestion and research analysis.
avatar
6. rajkot rajkot  Sep 25, 2018 04:39 Reply
Kindly ignore the paid reviews...

Bracket order is chargeable!!
avatar
5. Manish  Aug 30, 2018 18:25 Reply
It's very nice broker. The commissions are the best of all. As a NRI, the process was bit longer and complicated than expected but their support is just great to get it all fixed and done. Trading experience is also good so far. So far no major complaints. I can recommend this to other NRI friends.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
4. Nikhil  Aug 9, 2018 14:24 Reply
Good broker with zero charges - no commission at all. Read about them on traderji and set up an account and have not been disappointed.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
3. Raghav M.  Aug 3, 2018 17:35 Reply
I like how they are revolutionizing the brokerage industry, sach mein yeh, sirf zero brokerage nahi, client support bhi really nice. Very satisfied with their services.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
2. dhanesh  Jul 18, 2018 22:34 Reply
SCALPE WEB SITE IS TOO SLOW

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Excellent
avatar
1. Sanjeev Singh  May 30, 2018 10:00 Reply
Expect exposure I like everything about them. I hope they will increase the leverage soon.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

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