Finvasia Review – Charges, Trading Platforms, Demat Account, Offers & more

Find out all details related to Finvasia Review. ‘Simply Commission Free’ is an appropriate tagline to describe Mohali-based Finvasia.

Tajinder Pal Singh and Sarvjeet Singh incorporated this private financial service company in 2009.

The broker is registered with and regulated by 30+ regulators worldwide, including SEBI, NSE, BSE, MCX, CDSL, NCDEX, and more.

Moreover, it has 12 physical offices across the UK, India, Dubai, Mauritius, Greece, Australia, Japan, and Cyprus.

Finvasia is a leading-edge platform that offers retail trading in commodity, equity, currency, asset management, currency hedging, investment banking, and advisory at honest Finvasia Charges.

Finvasia Review will uncover all about the firm, such as brokerage charges, SWOT analysis, trading platforms, offers, and more.

Why Trade or Invest with Finvasia?

Here are the reasons to trade or invest with it:

• Finvasia’s active clients can access lifetime free brokerage. The broker doesn’t ask traders to pay for brokerage on intraday and delivery trading.
• You can open Finvasia Account free of cost, with zero AMC.
• This technology-driven firm offers free trading applications. APIs, and Algo trading tools.
• Traders and investors can opt for advanced order types, like cover orders, bracket orders, or basket orders, at little to no fees.
• You can invest in equities, commodities, currencies, bonds, IPOs, F&Os, and mutual funds.
• Finvasia facilitates free unlimited call & trade and trade clearing.

Active clients can subscribe to Finvasia’s standard brokerage plan with no charges. Regarding Finvasia Brokerage charges, the broker doesn’t charge for equity delivery and intraday trading.

Moreover, you can trade in Futures and Options across equity, commodity, and currency without brokerage charges.

Finvasia Calculator

Calculate Brokerage Charges of Finvasia.

How to Open Finvasia Demat Account?

The Finvasia Demat Account opening process is relatively short and straightforward:

1. Enter all necessary details in the form displayed below to start the process.
2. An executive will connect with you, & will share an online account opening link.
3. Sign-up or register for free by providing your email address and phone number. Verify the details by asking for OTP.
4. Next, fill up the account opening form by entering basic information, such as your name, DOB as per PAN, Aadhaar card number, PAN number, etc.
5. The information procured from the central KYC registry is verified.
6. Upload a copy of the necessary scanned documents.
7. Next, e-sign your form.
8. Once verification is complete, the firm will activate your account within 24 hours.

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This technology-focused broker offers Shoonya an online trading platform in the Finvasia App, desktop-based, and web-based software.

In addition, Finvasia offers Mutual Fund Investment platform for mutual fund investors. These trading platforms have various exciting features and intuitive tools.

You can access multiple chart setups, seamless account management, technical indicators, historical price data, and many other features for free.

A technology-driven discount broker, Finvasia offers multi-asset trading platforms offering exceptional usability.

The advanced and intuitive features of Shoonya trading platforms will simplify your trading and investing experience.

Additionally, Finvasia provides users with several Shoonya APIs, enabling them to develop a customized trading platform free of cost.

Here is the quick Finvasia Review of each online trading platform:

ScalperT: Mobile and Web Trading App

ScalperT is a newly launched web and mobile-based trading platform allowing traders to trade at MCX and NSE. This free version includes multiple features, some of which are:

• 40 technical indicators and multiple charts, like candle-stick charts, enable users to conduct a comprehensive technical analysis.
• The platform lets users view their day and net trading positions and holdings.
• Clients can avail of the limits as soon as funds are transferred.
• You can transfer funds online to and from 30+ Indian banks.
• Historical price data is available, enabling users to conduct fundamental analysis and make informed trade decisions.
• Multiple types of orders can be placed in a single click. These orders include cover, normal, market and limit, basket, bracket, MIS, stop limit, and stop order.
• Traders can customize the market watch list per their requirements and preferences.

Shoonya App

Shoonya mobile trading app is a reliable, safe, and secure app for trading in the stock market. Its users can trade in equities, futures & options, commodities, and currencies by logging in to this trading app.

The Shoonya app offers the following listed features:

• Guest login
• trading view and chart IQ libraries comprising 15+ scanners.
• Over 100 technical indicators to help users analyze their preferred investment options.
• Multiple watchlists that you can customize according to your needs.
• Place multiple orders, including bracket orders, normal orders, GTT orders, etc.
• You can apply for and invest in IPOs and mutual funds.

Shoonya Trading Terminal

If you look forward to trading frequently, the Shoonya desktop trading terminal is the right platform. Users can install it on their computer, laptop, or other desktop.

Moreover, you can conduct fundamental and technical analysis with the following features:

• Powerful charting
• 100+ technical indicators
• Complete option chain analytics
• Advanced screeners

Shoonya Web Trading Platform

Finvasia’s active clients can access the Shoonya web portal via any browser on their computers, laptops, mobile devices, or other desktop devices.

This trading platform allows users to trade and invest across different exchanges. Like the Shoonya desktop trading terminal, the Shoonya web trading platform has these features:

• Option chain analytics
• Advanced screeners
• 100+ technical indicators
• Powerful charting

HFT Algo

The discount broker’s high-frequency algo trading platform leverages multiple powerful computers to place orders for several users faster.

Furthermore, the platform helps users analyze the market with powerful algorithms. Also, you can execute trading orders depending on market conditions.

You can avail of many Finvasia offers by opening an account with the company:

• Cost-free account opening and maintenance facility.
• Flat brokerage plans with no charges.
• Finvasia allows delivery and intraday trading for free.
• You can trade in Futures and Options across equities, currencies, and commodities with no brokerage charges.
• Referral programs are available and allow agents to earn 50 reward points per new client.
• Margin funding or pledging is provided for stress-free trading.

Finvasia SWOT Analysis

Check out the detailed SWOT Analysis on Finvasia.

Strength

• The biggest strength of Finvasia is that it’s a commission-free discount broker. The firm doesn’t ask for brokerage charges from traders.
• It is a technology-leading brokerage house that offers multiple mobile-based, web-based, and desktop-based trading platforms.
• The firm facilitates BTST (Buy Today, Sell Tomorrow).
• Clients can place advanced orders, like after-market orders (AMO), normal orders, basket orders, cover orders (CO), bracket orders, and more.
• Finvasia charges the lowest possible depositary participant (DP) charges.

Weakness

• Clients can’t avail themselves of flexible brokerage plans.
• Traders and investors can’t open a 3-in-1 (Demat, trading, and bank) account.
• Finvasia doesn’t offer foreign stocks trading, basket trading, or bonds investment platform.

Opportunities

• The discount broker can expand its reach beyond the retail brokerage market.
• Finvasia can attract more clients by offering PMS or PCG services.
• It can tap diverse customer segments by offering foreign stocks, bonds, banking, and insurance products.

Threat

• Competing firms offering top-notch research support at affordable prices can be a significant threat to Finvasia.
• Brokerage houses extend free dedicated relationship manager support to manage traders’ portfolios for higher returns.
• Finvasia can miss out on significant revenue by offering trading options with no brokerage charges.

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Finvasia renders limited research and advisory support to its active clients.

• Traders with Finvasia Trading Account can’t have fundamental, company, annual, technical, or IPO reports.
• Even though research reports are available, you must pay for them.
• Moreover, stock tips and daily stock pick recommendations are also chargeable.
• Traders can manage their portfolios with chargeable relationship manager support.

Finvasia Margin or leverage figures are as follows:

• The discount broker has fixed the same margin or exposure for equity delivery; equity F&O carry forward, commodity F&O carry forward, and currency F&O, i.e., 1x.
• You can trade in equity intraday and retain a maximum margin of 5x.
• When trading in futures and options across equity and commodity intraday, the margin is 1.3x.

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The broker offers decent customer care service with a credible rating of 7.21 for customer support. 

Regarding Finvasia Customer Care, the organization extends trading and dedicated dealer support for pre-determined charges.

The brokerage house provides all required assistance to its active clients via call, email, website, Facebook, and Twitter support.

You can call Finvasia’s customer support department at 0172-4740000 and 0172-6750000. Alternatively, email your query to [email protected].

Wanting to discover whether Finvasia offers friendly customer support? If yes, the best way to uncover the same is knowing its Finvasia complaints statistics.

As per recent statistics, the company received 31 complaints and resolved 21. It means the resolved complaints percentage is 67.74%, which is relatively good.

Out of 31 complaints, Finvasia finds it impossible to take action on 3, making 9.78% non-actionable complaints.

Finvasia Charges

Here is the different pricing of Finvasia.

Finvasia Account Opening Charges

• Individuals can open and maintain their Finvasia accounts without depositing any charges.

STT & CTT Charges

• Traders are asked to pay 0.1% charges for Equity Delivery trading.
• Equity Intraday’s sell-side STT & CTT charges are 0.025%.
• You can sell Options across equity and commodity after paying 0.0625% and 0.05% charges, respectively.

Stamp Duty Charges

• Pay 0.015% charges on the buy side when opting for Equity Delivery.
• You can buy Equity and Commodity Options by incurring 0.003% stamp duty charges.
• Currency F&O can be bought by paying 0.0001% charges.

Transaction Charges

BSE and NSE fix Finvasia’s transaction charges:

• Equity Delivery and Intraday trading is possible only after paying 0.00375% per BSE and 0.00325% per NSE.
• 0.05% are the transaction charges for Equity and Commodity Options.
• To transact in Currency Options, you must pay 0.035% per NSE and 0.001% per BSE.

Pledge Charges

• Finvasia asks for Rs. 20/request charges from customers requesting Pledge Creation and Invocation.

Finvasia Hidden Charges

• Clients have to pay Rs. 30/Scrip in sell as DP charges.
• You can get your certificates dematerialized after depositing Rs. 30/certificate.

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Finvasia Review – Conclusion

Uncovering Finvasia Review, the brokerage house, believes in enhancing the quality and value of financial products and services rather than asking for brokerage.

The organization allows retail, institutional, and foreign customers to trade without brokerage charges.

Moreover, the discount broker offers DIY trading platforms, allowing traders to trade on CSDL, NSE, MCX, BSE, and many other Indian stock exchanges.

Now you can give your trading journey a headstart with little to no investment via the cheapest Indian brokerage house.

FAQs on Finvasia

Find out various FAQs related to Finvasia Review.

Is Finvasia a Safe Broker?

Finvasia is registered with SEBI and many other stock exchanges, including NSE, BSE, MCX, CDSL, NCDEX, etc.

Therefore, you can avoid losing money when trading or investing with Finvasia. It’s a safe and reliable discount broker.

Is Finvasia Good for Beginners?

Finvasia is a commission-free discount broker. It means that the company doesn’t charge a single penny as brokerage.

A newbie investor having a limited budget can choose Finvasia to kickstart his investing or trading journey.

How many active clients does Finvasia have?

Finvasia has acquired approximately 43,000 active clients by targeting the retail brokerage market.

Who is the Founder of Finvasia?

An ex-Wall Street Banker, Tajinder Pal Sing, and his brother Sarvjeet Singh are the co-founders of Finvasia.

Does Finvasia provide Free Delivery Trading?

Yes, it does! You can go for equity delivery trading without worrying about paying brokerage charges.

What are Intraday Trading Charges in Finvasia?

There are no intraday trading charges in Finvasia.

What are Finvasia F&O Charges?

Finvasia allows traders to trade in futures and options across equities free of charge.

Does Finvasia charge for Commodity Trading?

Finvasia’s brokerage charges for trading in Futures and Options across commodities are zero.

Does Finvasia charge for Currency Trading?

Finvasia’s brokerage charges for trading in Futures and Options across currencies are zero.

Does Finvasia provide Research?

Yes! Finvasia extends research support, but it’s limited and chargeable. Traders can’t have fundamental, company, annual, technical, or IPO reports but research reports.

Moreover, stock tips, daily stock pick recommendations, and relationship manager support are available.

How to contact Finvasia Customer Care?

You can call Finvasia’s customer support department at 0172-4740000 and 0172-6750000.

Alternatively, email your query to [email protected] or access website, Facebook, and Twitter support.

How much is AMC in Finvasia?

Individuals can maintain their Finvasia accounts without depositing AMC (account maintenance charges).

What are Account Opening Fees in Finvasia?

People can open Finvasia accounts without depositing any fees.

What are Pledge Creation Charges in Finvasia?

Finvasia asks for Rs. 20/request charges from customers requesting Pledge Creation.

How much are Pledge Invocation Fees in Finvasia?

Finvasia asks for Rs. 20/request charges from customers requesting Pledge Invocation.

Does Finvasia levy any Interest on Margin Trade Funding?

Yes, it does! You need to pay 0.05% each day as Interest on Margin Trading.

What are DP Charges in Finvasia?

Finvasia asks its clients to pay Rs. 30/Scrip in sell as DP charges.

Does Finvasia levy any Account Closure Fees?

Clients are allowed to close their Finvasia account without paying for it.

What are Account Reactivation fees in Finvasia?

Finvasia’s customers can reactivate their Demat account free of cost.

What are Call & Trade Charges in Finvasia?

You can access Finvasia’s call and trade facility after paying Rs. 30 for each trade.