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Finvasia Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 24-Sep-2019
Finvasia Securities Review

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Finvasia Review 2022 - Quick Summary

Finvasia is an emerging financial service provider created keeping in mind the need of Indian and global Investors and traders. The company’s highlights are zero brokerage across all segments and exchanges backed by in-depth research, cutting-edge technology and quality customer service.


Rated 4 stars

Finvasia Top Highlight for 2022

  • Zero Brokerage Account in all segment.
  • Zero Account and demat opening charges, Zero AMC for Demat.
  • Paperless account opening with AADHAAR.
  • Robust Trading Platform “Scalpert”, Available in Web & Mobile Trading App for free to all its customers.
  • Research and Stock Analysis.
  • Free Call n Trade facility.
  • Cover and Bracket Order options available with Finvasia.
  • Algo Trading for retail customers.

About Finvasia

Incorporated in 2016, Finvasia is a discount broker offering Trading and Investing at Absolute Zero Pricing. The company begin its journey as a Foreign Institutional Investor (FII now FPI) and advisory services provider offering services of asset management, investment banking, capital market advisory, currency hedging and now initiated broking services in equity, derivative, currency and commodity segments directed at retail and institutional clients and also mutual fund investment, IPOs, bonds etc. Since the company offers a wide range of services, their client base includes Corporates, Hedge Funds, Asset Management Companies, High Net Worth IndividuaNon-Residentdent Indians, Foreign Institutional Investors and Retail Customers.

Finvasia group of companies is registered as FII with SEBI, Commercial Clearing and Trading Member of NSE, Trading Member of BSE, Trading Member of MCX and Member with Association of Mutual Funds in India (AMFI). Their network spreads across all major countries around the world namely India, Hong Kong, Japan, China, Singapore, Dubai, UK, Israel, Brazil, Mexico, USA and Canada. The company offers Commercial Clearing facilities to Foreign Portfolio Investors (FPI) previously known as Foreign Institutional Investors (FII), Indian brokers and retail clients.

Finvasia as a broker is new entrant based in Chandigarh, offering trading in equities, derivatives, currency and commodity through its multiple trading platforms that include in-house built -Scalpert, Omneys Nest, NSE NOW, Blitz Trader, Amibroker, Presto and also offer wide range of tools like Algo Plugins, HFT Trading, IOB etc. Other than common services, Finvasia also offers advanced services to its clients like NRI Trading, Portfolio Management, Proprietary trading services, IPO investment.

Finvasia offers High-frequency trading (HFT) program which is a type of algorithmic trading for your trading platform that uses powerful computers to transact a large number of orders at very fast speeds. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions.

The broker has a whole new part of their website dedicated to Mutual Fund Investment where you get facilities like money against your MF Investment, backtesting of Mutual Funds, Mutual Fund Analyzer, MF Monitoring and Thematic Investment.

The broker offers zero brokerage trading plans across all segments on NSE, BSE and MCX, though they have charges for few software usage. The broker is DP with CDSL. There is no demat account opening fee and AMC associated with DP Account.

Finvasia offers brokerage calculator and Margin calculator onsite to calculate the cost of trading and margins upfront. Account opening with Finvasia is quick and hassle-free if you are already KYC approved and your Aadhar is linked to your mobile. Customer service is taken care through online chat, email([email protected],[email protected]) and phone support (+91 172 667 0000,+91 172 477 0000,+91 977 909 7777).

Zerodha Promotion Offer

Current promotion offer from Zerodha for TopShareBrokers Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App
  • Open Instant Zerodha Account Now!

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Finvasia Brokerage Plan, Fees and Charges

Rated 5 stars Brokerage and Commission Rated 5/5

Finvasia Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Rs 0 (Rs 199 for POA)
Demat Account AMC: Free

Finvasia Brokerage Plan with closest competitors

Here we are comparing Finvasia with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Finvasia 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 0 Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Rs 0 Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday Rs 0 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures Rs 0 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Rs 0 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity Rs 0 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Rs 0 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 0 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Call and Trade is free of cost
  • RMS Auto Square Off Charges: Call and Trade is free of cost
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit Finvasia Brokerage Charges.

Please refer unique and accurate Finvasia Brokerage Calculator


How to open Finvasia Account online?

To start trading with Finvasia, an investor has to open a trading account. Following are the ways to open an account with Finvasia:

  • Finvasia claims 100% online account online process. To Open an online account you need Digital copy of
    1. PAN Card
    2. Aadhar Card
    3. Address Proof
    4. Latest Photo
    5. Bank Statement
    6. Canceled Cheque
  • Contact on Sales email.
  • Contact on Chandigarh Corporate Office.

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Alternatives to Finvasia

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Finvasia Mobile App and Trading Platforms

Rated 4 stars Trading Platforms Rated 4/5

Finvasia offers a bunch of trading platforms and tools for smooth and hassle free trading experience. With the help of trading tools like Institutional Order Book, ALGO Plug-ins and Algorithmic FIX engine, latency sensitive APIs, Pre Approved Automated Strategies, you can deploy HFT strategies for equities, futures and options trading and get in and out tens of thousands of orders per second at sub-millisecond latency.

Desktop base, web-based and mobile based trading platforms are available. Some of the trading platforms are chargeable.

Scalpert Web and Mobile App:

    This is in-house Web & Mobile based Charting & Trading Application of Finvasia. It is offered free of cost to all Finvasia customers. It has all the basic features to efficiently trade across equities, FnO, currency and commodity on NSE and MCX. Scalpert Mobile App can be downloaded from Google Play Store. The features are:

    • Real-time charts and indicators
    • List of all your holdings
    • Use around 40 Technical Indicators
    • Online fund transfer from over 30 banks
    • Instant limits available after payment from the application
    • Historical Data with multiple time period options
    • Real-time update on your portfolio, positions and PnL
    • Custom market watch list & trade from Charts
    • Various order types : Normal, MIS, Stop Limit, Market, Limit, Stop, Cover, Bracket Order & more.

NSE NOW

    The broker provides NOW trading platform powered by NSE at free of cost to trade in equity, derivative, currency and mutual fund. It is available over the web and mobile app named NSE MOBILE. The basic features of NSE NOW are real-time price data feed, advanced charts and indicators, email alerts, customized market watch etc.

AMIBROKER:

    It is an advanced technical analysis tool that allows a trader to evaluate the markets with ease and can directly trade from AmiBroker software in the semi-automated or fully-automated way based on his own strategies.

OMNESYS NEST

    The OMNESYSNEST is the software-based trading application that can download on your desktop. It is an intuitive front-end solution that connects to a robust back-end server and executes orders at a lightning fast speed. For using NEST you have to pay Rs 49 per month per exchange.

BLITZ Trader:

    BLITZ Trader is open and flexible algorithmic trading and execution platform for professional traders and quant developers for rapid development, testing and deployment of simple to sophisticated trading strategies into constantly evolving financial markets. You have to pay Rs 2999 for taking monthly subscription of Blitz Trader.

PRESTO:

    PRESTO is a comprehensive platform to implement automated trading ALGOS for equities, futures, options and commodities on MCX, NSE and BSE. It has multiple pre-approved algo strategies and also custom strategies can be built on request. The charges to use Symphony Presto are Rs 1499 per month.

FOX Trader:

    This is again an application with advanced charting, trading system development, manual and automated trading. This application can be used by paying Rs 3350- 4000 quarterly depending on the segment you choose.

For detail review of mobile app and download please visit Finvasia Trading Platform Review.


Finvasia Trading Cons

  • Software usage charges.
  • Leverage offered is low as compared to other stock brokers.
  • Lack of branches and local offices.
  • Scalpert Mobile App lacking important features and not available for IOS users.

Finvasia Customer Care info

  • Finvasia Customer Care Phone Number: +911726670000/+911724770000/+919779097777
  • Finvasia Customer Support Email: [email protected]
  • Finvasia Knowledge Center:

Final thought about Finvasia

Rated 4 stars Rated 4/5 by 20 users

Finvasia is founded by Ex-Wall St professionals with deep financial expertise which can be visualized from various platforms, tools and array of service for investors and traders.

Finvasia serves both corporate and retail investors with their multiple product lines meant for both. However, as a broker, they are newbies and still have to capture market share with their sincere efforts toward customer’s need. Zero brokerage, choice of trading platforms, various trading tools, research reports, investment options across multiple asset class and additional services is plus in Finvasia if you are looking for something as one stop shop for all your investment needs.

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Last updated on: 2019-09-24


Finvasia Securities User Reviews

avatar
15. h anuradha Jul 21 2022 12:38:31 AM Reply
Live chat is excellent. Interface is also pretty good but fares well below zerodha. Given the free brokerage model, I think finvasia needs to be rated better than zerodha unless someone is using some features in zerodha extensively. Also wish finvasia ties up with sensibull.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
14. Param Jun 24 2022 03:20:11 PM Reply
Because of Finvasia, I don''''t have to pay any brokerage. Shoonya is an excellent app for intraday trading.
avatar
13. Deepak Jun 11 2021 08:31:47 AM Reply
Best service with zero brokerage, little bit problem in software and SL problem in Option trading

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
12. Maruti KHEDEKAR Mar 09 2021 04:01:59 PM Reply
Please send me future & commodity margin calculator on mail
avatar
11. Maruti KHEDEKAR Mar 09 2021 03:59:42 PM Reply
Please send me future & commodity margin calculator on mail
avatar
10. Chintamani barik Sep 05 2020 12:22:07 AM Reply
Trading platform should be improve

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
9. rajender Apr 10 2020 06:06:23 AM Reply
I have been using since year

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
8. Nitin Gupta Feb 06 2020 05:56:55 PM Reply
Really good broker! There charges are very very less as compare to others and customer support is nice.
avatar
7. Rohit Nov 11 2019 10:52:46 AM Reply
Commission free brokerage.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
avatar
6. Raman Nov 06 2019 04:15:54 PM Reply
I decided to test this broker for 6 months but their trading services were so good that it’s been a year now. Scalpert is quite good. Easy user interface. They keep on adding new features which makes trading super easy. Good job guys!