Last Updated - 2018-12-04
Rated 4/5 based on 8 customer reviews
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.
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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).
Here we are comparing Finvasia with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Finvasia | Zerodha | ICICIDirect | Sharekhan | ProStocks |
| Service Type | Discount Broker | Discount Broker | Full Service Broker | Full Service Broker | Discount Broker |
| Brokerage | Rs 0 | Rs 20 | 0.05 to .55% | 0.1 to 0.5% | Rs 15 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Monthly Plans | No | No | No | No | Yes |
| Rating |
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.
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| Brokerage Plan | Zero Brokerage Plan |
| Flat Fee | NA |
| Equity Delivery | Free |
| Equity Intraday | Free |
| Equity Futures | Free |
| Equity Options | Free |
| Currency Futures | Free |
| Currency Options | Free |
| Commodity | Free |
For complete brokerage charges and trading plans detail please visit Finvasia Brokerage Charges.
To start trading with Finvasia, an investor has to open a trading account. Following are the ways to open an account with Finvasia:
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.
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:
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 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.
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.
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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.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent