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Finvasia Vs Nirmal Bang: 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 Nirmal Bang ranges between .02% to .20%. Finvasia is a Discount Broker where Nirmal Bang is a Full Service Broker. Finvasia is having overall higher rating compare to Nirmal Bang. Finvasia is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for Nirmal Bang is 1,41,246 where number of active customer for Finvasia is 1,13,306. Nirmal Bang is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Finvasia vs Nirmal Bang 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 Nirmal Bang'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 Nirmal Bang 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 Nirmal Bang'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 Nirmal Bang on Service

  Finvasia Compare
Finvasia
Nirmal Bang Compare
Nirmal Bang
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 BSE, NSE, MCX, NCDEX
Active Clients 1,13,306 1,41,246
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 trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of Finvasia with Nirmal Bang 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 Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with Nirmal Bang
Charges Finvasia Nirmal Bang
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare Finvasia with Nirmal Bang. 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 Nirmal Bang on Plan Options
Plan Types Finvasia Nirmal Bang
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 Nirmal Bang on Brokerage Charges

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

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different segments.

Brokerage Charges - Compare Finvasia with Nirmal Bang
Brokerage Charges Compare Finvasia Nirmal Bang
Plan Name Zero Brokerage Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Rs 0 0.2% or 20 paisa
Equity Intraday Rs 0 0.02% or 2 paisa
Equity Futures Rs 0 0.02% or 2 paisa
Equity Options Rs 0 Rs 35 Per Lot
Currency Futures Rs 0 0.02% or 2 paisa
Currency Options Rs 0 Rs 20 Per Lot
Commodity Trading Rs 0 0.02% or 2 paisa
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare Finvasia vs Nirmal Bang on Transaction Charges

Compare Finvasia with Nirmal Bang on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Nirmal Bang
Transaction Charges Compare Finvasia Nirmal Bang
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 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for nirmal-bang
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Account Features

Compare Finvasia vs Nirmal Bang on Account Features

Compare Finvasia with Nirmal Bang 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 - Nirmal Bang offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Finvasia offers NRI where Nirmal Bang doesn't offers NRI Trading.

Account Features - Finvasia with Nirmal Bang
Account Features Compare Finvasia Nirmal Bang
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 No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Nirmal Bang. 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 Nirmal Bang
Trading Platform Compare Finvasia Nirmal Bang
Desktop Trading Platform OMNESYS NEST ODIN Diet
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.finvasia.com/ https://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Beyond
Mobile Trading App Demo SCALPERT Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Beyond Download
iPhone Mobile App (IOS) No No
iOS App Download Info Not Available iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare Finvasia vs Nirmal Bang on User Rating

  Finvasia Nirmal Bang
  17 Customer Reviews    Rate Finvasia 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 4.3 3.5
Trading Brokerage Rating 4.6 4.0
Trading Platform Usability 4.0 3.0
Customer Service Ratings 3.5 3.5
Overall Ratings 4.2 3.5
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Finvasia vs Nirmal Bang on Investment Offerings

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

Compare Finvasia vs Nirmal Bang on Order Types

Order Type - Compare Finvasia with Nirmal Bang 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) - Finvasia provide Cover Orders (CO) where Nirmal Bang doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Finvasia provide Bracket Orders (BO) where Nirmal Bang doesn't offer.With the name its cleare 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 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Finvasia vs Nirmal Bang on Customer Service

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

Compare Finvasia vs Nirmal Bang on Research Reports, Tips

Compare Finvasia with Nirmal Bang on research reports and tips provided by the broker.

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

Compare Finvasia vs Nirmal Bang on Demat Account

Compare Finvasia with Nirmal Bang 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 Nirmal Bang is ₹360 pa. Finvasia is a better choice in terms of Demat AMC compare to Nirmal Bang.

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 Nirmal Bang is 0.03% of the transaction value (Min ₹15).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 Nirmal Bang
  Finvasia Nirmal Bang
DP Source CDSL CDSL
DP ID Finvasia vs Nirmal Bang - DP ID 84300 No
Demat Account Annual Maintenance Charges(AMC) Free ₹360 pa
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction 0.03% of the transaction value (Min ₹15)
Demat ₹15 per certificate ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹15 for every hundred securities + CDSL Charges 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹25 per transaction 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Nirmal Bang on Special Offers and Promotion

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

Compare Finvasia vs Nirmal Bang on Special Offers and Promotion
  Finvasia Nirmal Bang
Pay In and Pay Out Options Finvasia vs Nirmal Bang - 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.
Info Not Available
Payout Time Finvasia vs Nirmal Bang - Payout Time Up to 24 hrs except for bank holidays. Info Not Available
Bank Supported and Charges Finvasia vs Nirmal Bang - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Info Not Available
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
Info Not Available
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...

  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) 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...

  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-05T02:25:49+00:00