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IDBI Direct Vs Finvasia: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Finvasia offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Finvasia ranges between Rs 0. IDBI Direct is a Full Service Broker where Finvasia is a Discount Broker. IDBI Direct is having overall lower rating compare to Finvasia. IDBI Direct is rated only 3.5 out of 5 where Finvasia is rated 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for IDBI Direct is 55,285. Finvasia is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Finvasia's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IDBI Direct vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Finvasia's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IDBI Direct vs Finvasia on Service

  IDBI Direct Compare
IDBI Direct
Finvasia Compare
Finvasia
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 55,285 1,05,160
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs Finvasia on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Finvasia
Charges IDBI Direct Finvasia
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Finvasia on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Finvasia. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Finvasia on Plan Options
Plan Types IDBI Direct Finvasia
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Finvasia on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare IDBI Direct with Finvasia
Brokerage Charges Compare IDBI Direct Finvasia
Plan Name Flat Brokerage PLan Zero Brokerage Trading Plan
Equity Delivery 0.20% Rs 0
Equity Intraday 0.02% Rs 0
Equity Futures Flat Rs 15 per order Rs 0
Equity Options Flat Rs 15 per order Rs 0
Currency Futures Flat Rs 15 per order Rs 0
Currency Options Flat Rs 15 per order Rs 0
Commodity Trading NA Rs 0
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NA
Hidden Charges Info Not Available No
Funding Info Not Available Yes, 24% interest PA
Call & Trade Charges Free Free
Auto Square off Charges NA Free
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare IDBI Direct vs Finvasia on Transaction Charges

Compare IDBI Direct with Finvasia on transaction charges and PCM fee by segment.

Transaction Charges - Compare IDBI Direct with Finvasia
Transaction Charges Compare IDBI Direct Finvasia
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for finvasia
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Account Features

Compare IDBI Direct vs Finvasia on Account Features

Compare IDBI Direct with Finvasia on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Finvasia offers only 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Finvasia
Account Features Compare IDBI Direct Finvasia
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Finvasia. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IDBI Direct with Finvasia
Trading Platform Compare IDBI Direct Finvasia
Desktop Trading Platform Infinity OMNESYS NEST
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://trade.finvasia.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App SCALPERT
Mobile Trading App Demo Info Not Available SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare IDBI Direct vs Finvasia on User Rating

  IDBI Direct Finvasia
  31 Customer Reviews    Rate IDBI Direct 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.0 4.3
Trading Brokerage Rating 2.5 4.6
Trading Platform Usability 2.6 4.0
Customer Service Ratings 2.7 3.5
Overall Ratings 2.7 4.2
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare IDBI Direct vs Finvasia on Investment Offerings

Compare IDBI Direct with Finvasia on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Finvasia offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare IDBI Direct with Finvasia
Investment Offerings Compare IDBI Direct Finvasia
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Finvasia on Order Types

Order Type - Compare IDBI Direct with Finvasia on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with Finvasia
Order Type Compare IDBI Direct Finvasia
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IDBI Direct vs Finvasia on Customer Service

Compare IDBI Direct with Finvasia on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IDBI Direct with Finvasia
Customer Service Compare IDBI Direct Finvasia
24/7 Customer Service IDBI Direct vs Finvasia - 24x7 customer support No No
Email Support IDBI Direct vs Finvasia - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Finvasia - Onine Live Chat No Yes
Phone Support IDBI Direct vs Finvasia - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Finvasia - Toll Free Number Yes No
Through Branches IDBI Direct vs Finvasia - Through Branches Yes No
Customer Care Number IDBI Direct vs Finvasia - Customer Care Number 022-3913 5001 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process IDBI Direct vs Finvasia - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education IDBI Direct vs Finvasia - Knowledge Center/Education Info Not Available https://finvasia.com/announcements
Head Office Address IDBI Direct vs Finvasia - Head Office Address/Corporate Address Info Not Available Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website IDBI Direct vs Finvasia - Company Website https://www.idbidirect.in/ https://www.finvasia.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Finvasia on Research Reports, Tips

Compare IDBI Direct with Finvasia on research reports and tips provided by the broker.

Research Reports - Compare IDBI Direct with Finvasia
  IDBI Direct Finvasia
Research Mutual Funds IDBI Direct vs Finvasia - Research Mutual Funds Yes No
Research Equity Reports IDBI Direct vs Finvasia - Research Equity Reports Yes No
Research ETF IDBI Direct vs Finvasia - Research ETF Yes No
Daily Market Report IDBI Direct vs Finvasia - Daily Market Report Yes No
Free Tips IDBI Direct vs Finvasia - Free Tips Yes No
Quarterly Result Analysis IDBI Direct vs Finvasia - Quarterly Results Yes No
News Alerts IDBI Direct vs Finvasia - Yes No
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Demat Account

Compare IDBI Direct vs Finvasia on Demat Account

Compare IDBI Direct with Finvasia on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for IDBI Direct is ₹350 pa. Finvasia is a better choice in terms of Demat AMC compare to IDBI Direct.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IDBI Direct with Finvasia
  IDBI Direct Finvasia
DP Source CDSL CDSL
DP ID IDBI Direct vs Finvasia - DP ID No 84300
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Free
Advance Deposit NO Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹5 per certificate + ₹30 courier charges ₹15 per certificate
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹25 per transaction
Pledge Creation Confirmation Nil NIL
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹25 per transaction
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher NIL
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Finvasia on Special Offers and Promotion

Compare IDBI Direct with Finvasia on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs Finvasia on Special Offers and Promotion
  IDBI Direct Finvasia
Pay In and Pay Out Options IDBI Direct vs Finvasia - Pay In and Pay Out Options Info Not Available Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time IDBI Direct vs Finvasia - Payout Time Info Not Available Up to 24 hrs except for bank holidays.
Bank Supported and Charges IDBI Direct vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail Info Not Available FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-08-21T03:25:00+00:00