Finvasia Review 2020

Rated 4/5 by Top Share Brokers Team
Finvasia Securities Review

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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).

Review 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.


  • 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.


  • 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.

Special Offer

Free Account Opening+Free Demat AMC+Free Trading. Sign up now.

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Finvasia Investment Options Compare

Here we are comparing Finvasia with its 5 close competitors on investment options.

Broker Finvasia Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Finvasia Brokerage Plan, Fees and Charges

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

There are absolutely no brokerage charges charged by Finvasia for trading in any segment across any exchange. Finvasia is the only broker offering free trading across all segments, one step ahead of Zerodha and Upstox who offer free equity delivery trading.  Only you pay is the trading platform using charges depend on the platform you choose. Also, you have to pay government taxes.  Since Finvasia is a clearing member of NSE, so there are no clearing charges as well. Trading Account and DP Account opening is free as well as no AMC charges for trading and demat accounts.

If you are using Scalpert, NSE NOW trading platform which is available for Free of cost then there are practically zero charges for your trading. Other Trading platform are charged some minimum amount.

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

Finvasia with closest competitors

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

Broker Finvasia Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 0 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Rs 0 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Rs 0 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Rs 0 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 0 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Rs 0 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs 0 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 0 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20

Please refer unique and accurate Finvasia Brokerage Calculator

Finvasia Securities Margin Details

  • Finvasia Equity Delivery Margin(CNC): 1x leverage (No Margin)
  • Finvasia Equity Intraday Margin: Up to 10x leverage in equity category "A" stocks.
  • Finvasia Equity Future Intraday Margin (MIS): 2x leverage
  • Finvasia Currency Future Intraday Margin: 2x leverage
  • Finvasia Equity & Currency Options Margin : 1x (No Margin)

Open Trading and Demat Account with Finvasia Securities

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


Finvasia Trading Platform and Tools

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.


      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.


      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.


      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 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 Platform Compare

Here we are comparing Finvasia with its 5 close competitors on Trading Platform.

Broker Finvasia Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes No
iPad App No Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Finvasia

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.

If you like what you have read and want to open an trading and demat account with Finvasia, leave your contact information with us and we will guide you.

Last updated on 2019-09-24

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Finvasia Securities User Reviews

8. Nitin Gupta 2/6/2020 5:56:55 PM Reply
Really good broker! There charges are very very less as compare to others and customer support is nice.
7. Rohit 11/11/2019 10:52:46 AM Reply
Commission free brokerage.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
6. Raman 11/6/2019 4:15:54 PM Reply
I decided to test this broker for 6 months but their trading services were so good that itís 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!
5. Sunrose kumar 10/25/2019 9:20:47 PM Reply
Margin of trade
4. kunjiechachan 10/16/2018 10:37:56 PM Reply
first is purely zero brokerage second is good customer care good software I will recommend to every body to join finvasia become they are awesome


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
3. Parveen K 7/5/2018 5:23:48 PM Reply
Rated them 5 stars cos of cheapest in brokerage, their support team is very helpful and prompt, there are no AMCs on any type of account opening and website is very informative. We need more brokers like them. Never had any problem trading with them.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
2. Sharanya 6/11/2018 4:15:01 PM Reply
I have been trading with them at zero cost and zero issues... satisfied


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
1. Mohan lal dad 6/5/2018 12:19:58 AM Reply
Cool, Great to see someone is coming with Zero brokerage Plan. Need more details on margin, for day trader like me we need more margin.

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