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Finvasia Vs Indira Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of Indira Securities ranges between 0.01% to 0.10%. Finvasia is a Discount Broker where Indira Securities is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for Indira Securities is 8,736. Finvasia is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of Finvasia vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs Indira Securities'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 Finvasia vs Indira Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs Indira Securities'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 Finvasia vs Indira Securities on Service

  Finvasia Compare
Finvasia
Indira Securities Compare
Indira Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 1,05,160 8,736
Broker Overview 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 Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs Indira Securities on Trading & Demat Account Opening Charges

Comparison of Finvasia with Indira Securities 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 Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with Indira Securities
Charges Finvasia Indira Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Indira Securities on Plan Options

Plans are the most important feature you look when compare Finvasia with Indira Securities. 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 Finvasia with Indira Securities on Plan Options
Plan Types Finvasia Indira Securities
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 Finvasia vs Indira Securities on Brokerage Charges

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

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare Finvasia with Indira Securities
Brokerage Charges Compare Finvasia Indira Securities
Plan Name Zero Brokerage Trading Plan Traditional Brokerage Plan
Equity Delivery Rs 0 0.10%
Equity Intraday Rs 0 0.01%
Equity Futures Rs 0 0.01%
Equity Options Rs 0 Rs. 25 per lot (both side)
Currency Futures Rs 0 Flat Fee Rs 20
Currency Options Rs 0 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Rs 0 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage NA NA
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Yes - 18% interest PA
Call & Trade Charges Free Free
Auto Square off Charges Free Free
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare Finvasia vs Indira Securities on Transaction Charges

Compare Finvasia with Indira Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Indira Securities
Transaction Charges Compare Finvasia Indira Securities
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for indira-securities
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Account Features

Compare Finvasia vs Indira Securities on Account Features

Compare Finvasia with Indira Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Indira Securities offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Finvasia vs Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Indira Securities. 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 Finvasia with Indira Securities
Trading Platform Compare Finvasia Indira Securities
Desktop Trading Platform OMNESYS NEST ODIN Diet
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://www.indiratrade.com/trade-online
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT TradeInsta
Mobile Trading App Demo SCALPERT Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod TradeInsta Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS TradeInsta Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare Finvasia vs Indira Securities on User Rating

  Finvasia Indira Securities
  17 Customer Reviews    Rate Finvasia 1 Customer Reviews    Rate Indira Securities
Fees Ratings 4.3 2.0
Trading Brokerage Rating 4.6 4.0
Trading Platform Usability 4.0 2.0
Customer Service Ratings 3.5 2.0
Overall Ratings 4.2 3.0
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Finvasia vs Indira Securities on Investment Offerings

Compare Finvasia with Indira Securities 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 - Both broker offers trading options in Commodity (MCX). 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 Finvasia with Indira Securities
Investment Offerings Compare Finvasia Indira Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs Indira Securities on Order Types

Order Type - Compare Finvasia with Indira Securities 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- Indira Securities offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Indira Securities
Order Type Compare Finvasia Indira Securities
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 No Yes
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Customer Service Offered

Compare Finvasia vs Indira Securities on Customer Service

Compare Finvasia with Indira Securities 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 Finvasia with Indira Securities
Customer Service Compare Finvasia Indira Securities
24/7 Customer Service Finvasia vs Indira Securities - 24x7 customer support No Yes
Email Support Finvasia vs Indira Securities - Email Support Yes Yes
Onine Live Chat Finvasia vs Indira Securities - Onine Live Chat Yes Yes
Phone Support Finvasia vs Indira Securities - Phone Support Yes Yes
Toll Free Number Finvasia vs Indira Securities - Toll Free Number No Yes
Through Branches Finvasia vs Indira Securities - Through Branches No Yes
Customer Care Number Finvasia vs Indira Securities - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 +91-(0)731-4797105/115/146
Account Opening Process Finvasia vs Indira Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs Indira Securities - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Indira Securities - Knowledge Center/Education https://finvasia.com/announcements https://www.indiratrade.com/blog
Head Office Address Finvasia vs Indira Securities - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website Finvasia vs Indira Securities - Company Website https://www.finvasia.com/ https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare Finvasia vs Indira Securities on Research Reports, Tips

Compare Finvasia with Indira Securities on research reports and tips provided by the broker.

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

Compare Finvasia vs Indira Securities on Demat Account

Compare Finvasia with Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards). Finvasia is a better choice in terms of Demat AMC compare to Indira Securities.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for Indira Securities is ₹20 or 0.02% whichever is higher.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 Finvasia with Indira Securities
  Finvasia Indira Securities
DP Source CDSL CDSL
DP ID Finvasia vs Indira Securities - DP ID 84300 752000
Demat Account Annual Maintenance Charges(AMC) Free ₹450 pa (Second year onwards)
Advance Deposit Rs 0 Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹20 or 0.02% whichever is higher
Demat ₹15 per certificate ₹5 per certificate + ₹35 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹50 per RRN
Pledge Creation ₹25 per transaction ₹50
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction ₹50
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction ₹50 or 0.02% whichever is higher
Failed Instruction Charges ₹49 ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Indira Securities on Special Offers and Promotion

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

Compare Finvasia vs Indira Securities on Special Offers and Promotion
  Finvasia Indira Securities
Pay In and Pay Out Options Finvasia vs Indira Securities - Pay In and Pay Out Options 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.

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time Finvasia vs Indira Securities - Payout Time Up to 24 hrs except for bank holidays.

Max 24 hrs except bank holidays

Bank Supported and Charges Finvasia vs Indira Securities - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail 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
HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Likes

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...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

Dislikes

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...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00