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Finvasia Stock Trading, Demat, Brokerage and Reviews 2023


16.42% 28,283 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Finvasia Charges 2023

  • 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 10/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 10 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.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 Margin Exposure

Finvasia margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Finvasia F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Finvasia F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

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 3.4 stars 3.4/5
Customer Service Rated 4.1 stars 4.1/5
Research Capabilities Rated 2.8 stars 2.8/5

Based on 54 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 2022-23 39,638 22 0.06%
NSE 2021-22 24,293 47 0.19%
BSE 2021-22 3,115 2 0.06%
NSE 2020-21 12,018 44 0.37%
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

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


57 Comments

57. VISHAL   I Like It. |Report Abuse|  Link|Jan 17, 2023 6:48:50 PMReply
hang shoonya platform many time. your order stuck and you have to bear huge losses due to failure

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
56. Gosangi Sreenivasulu Reddy   I Like It. |Report Abuse|  Link|Dec 30, 2022 12:31:05 AMReply
Good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Excellent
55. vikash kumar   I Like It. |Report Abuse|  Link|Dec 8, 2022 9:28:33 AMReply
bad broker cant do trade in morning time app is useless after complaining to customer care they are saying only you have problem not other i recommend dont open account other wise your money will become soonya.
54. Binu   I Like It. |Report Abuse|  Link|Oct 11, 2022 9:59:02 AMReply
The major advantage of finvasia is zero brokerage. I have account with zerodha also but I use finvasia for intra day and futures trade which saves me 100-200 per day. Finvasia mobile platform is poor compared to Zerodha but It is manageable once gets used to. I am using finvasia for last one year and till now not faced any major issues. Some times their app freezes that can be solved by reopening the app.
54.1. Kalu   I Like It. |Report Abuse|  Link|Oct 28, 2022 2:40:48 PM
Good-Information
53. narashimhululimgam   I Like It. |Report Abuse|  Link|Sep 23, 2022 4:33:43 PMReply
improve moible app for scalper to intraday trading,it much better and price is not auto refresh.it will take some time.Most of the traders want the price for trading.


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Above Average
52. sunil bhadana   I Like It. |Report Abuse|  Link|Sep 15, 2022 11:27:07 AMReply
all customers care number is wrong number.so avoid this company go for another broking company 😑

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
52.1. RAMANNA N   I Like It. |Report Abuse|  Link|Sep 21, 2022 3:29:29 PM
Brokerage - zero
Account Maintenance Fees - zero
Website Usability - Average
Research Capabilities - NA
Customer Service - Average
Overall Experience - Good
51. MOHIT   I Like It. |Report Abuse|  Link|Nov 19, 2021 4:06:23 PMReply
Best Brokerage firm

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
51.1. kamlesh   I Like It. |Report Abuse|  Link|Sep 2, 2022 11:13:46 PM
Ghanta Best broker - check their web app for intra day trading, u will loose all money a day. Don't mis guide people. just check below mention issues

Finvasia's web and desktop is worst for intra day trading among any other broker, I had open account and closed within a week, reason are below,
Web app-
1. no multi chart support in web, u can open only one chart.
2. u can not save chart indicator setting, it means moving to other tab, all indicator setting get lost.
3. moving and coming back to chart tab take lot of time to load.
4. you can not see executed order price/position from in chart page, u need switch other tab, by that time u will loose all setting and chart.
4. not at all intra day trader friendly web tool

Desktop app
1 very few chart indicator supported.
2. loading time is very high.
3. not intra day friendly web tool
50. kamlesh   I Like It. |Report Abuse|  Link|Sep 2, 2022 11:11:09 PMReply
Finvasia's web and desktop app is worst for intra day trading among any other broker, I had open account and closed within a week, reason are below,
Web app-
1. no multi chart support in web, u can open only one chart.
2. u can not save chart indicator setting, it means moving to other tab, all indicator setting get lost.
3. moving and coming back to chart tab take lot of time to load.
4. you can not see executed order price/position from in chart page, u need switch other tab, by that time u will loose all setting and chart.
4. not at all intra day trader friendly web tool

Desktop app
1 very few chart indicator supported.
2. loading time is very high.
3. not intra day friendly web tool

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
49. kamlesh   I Like It. |Report Abuse|  Link|Sep 2, 2022 11:06:40 PMReply
Finvasia's web and desktop is worst for intra day trading among any other broker, I had open account and closed within a week, reason are below,
Web app-
1. no multi chart support in web, u can open only one chart.
2. u can not save chart indicator setting, it means moving to other tab, all indicator setting get lost.
3. moving and coming back to chart tab take lot of time to load.
4. you can not see executed order price/position from in chart page, u need switch other tab, by that time u will loose all setting and chart.
4. not at all intra day trader friendly web tool

Desktop app
1 very few chart indicator supported.
2. loading time is very high.
3. not intra day friendly web tool

I raised complain to there customer support with screen shot, but they close complain saying in future might be fix. if this basic bug they can fix, how as intraday trader u can trade.

Suggestion - Don't open account with Finvasia until they fix very-very basic issue in their software other wise u r going to loose money only with their platform.
if u want, i can share snippet of complain raised


48. Ashish Anil Tade   I Like It. |Report Abuse|  Link|Jan 11, 2022 12:45:32 PMReply
Finvasia is very smart & they make advertisement of zero brokerage but i have used it & those who are using please check your contact note they charge Exchange transaction charges 0.1% instead of 0.00345. so any how you are paying (0.1-0.00345) = 0.09655% as commission. very smart to make investors full, if you really care for your money please do check, i have laredy closed their account. Fake compnay. Even i have proof of my contract notes.
48.1. Sameer   I Like It. |Report Abuse|  Link|Jul 28, 2022 9:54:06 AM
It's right
47. Suresh   I Like It. |Report Abuse|  Link|Nov 22, 2021 3:34:30 PMReply
Finvasisia is good brokerage firm for most of the segments except for intraday trading. Because it's infrastructure for connectivity to NSE is unstable and gets stuck up more often compared to other brokers. One can lose months profit in a day. I have given up intraday trading in Finvasia. I do not think they will improve on this issue. I fail to understand what could be the possible reason........
So be careful.
46. murali   I Like It. |Report Abuse|  Link|Nov 4, 2021 9:17:58 PMReply
really good broker there desktop platform is same as like nest terminal

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Excellent
45. Farhan   I Like It. |Report Abuse|  Link|Nov 2, 2021 5:22:49 PMReply
it is very cheap best for starters and their trading app has gotten better. it is very easy to use.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Average
Overall Experience - Above Average
44. Chandan gm   I Like It. |Report Abuse|  Link|Oct 31, 2021 7:45:43 PMReply
Web app is unusable, but desktop app and mobile app is really good. Sometimes your order gets stuck when the market opens, but apart from that quick resolution of problems and truly zero brokerage.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Excellent
Overall Experience - Excellent
43. Virendra kumar   I Like It. |Report Abuse|  Link|Sep 28, 2021 9:50:37 PMReply
Finvasia is fantastic in terms of brokerage but its trading tools web/mobile/desktop experience is horrible. Its disconnected with nse frequently and orders went into transit status at that moment youay stuck in beteen as neither you can place new order or cancle alreay placed order and when this situation occure never expect to connect with customer support as their phone will have out of order.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Average
42. Raju mukherjee   I Like It. |Report Abuse|  Link|Sep 24, 2021 8:21:30 AMReply
Their mobile app and interface is a pain gtt order shown but not useable app a bit mess customer service fund transfer is lagging behind they charge 99 per month for bracket order since i don't use it its no issu I reccomend every one to them
Fa25223

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Average
Overall Experience - Above Average
41. Dev Asish   I Like It. |Report Abuse|  Link|Aug 22, 2021 3:52:33 PMReply
the trading platform is very bad...very slow....expect that every thing is good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Average
40. Rajeev   I Like It. |Report Abuse|  Link|Aug 19, 2021 9:18:46 AMReply
Lowest brokerage in the industry.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Below Average
Customer Service - Above Average
Overall Experience - Excellent
39. Vijay Kumar   I Like It. |Report Abuse|  Link|Jul 24, 2021 7:40:53 PMReply
I have only a problem with customer service. you should work on it.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Excellent
38. phanesh   I Like It. |Report Abuse|  Link|Jul 3, 2021 12:09:38 PMReply
Awesome Customer service. Answered my question with patience...Though I have just opened an account and had a word with them before I do fund answer, I feel more confident and comfortable now... I am ready to trade with them...

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