Finvasia is a Chandigarh-based ultra-discount broker. Start trading with Finvasia only after you completely know about the fees, charges, financial instruments, account types, customer support, etc available in this trading platform. Let’s take a closer look at Finvasia Securities and have a better knowledge of the broker in this review. Read further to get all the information about Finvasia.
Finvasia Broker Review- An Intro
Finvasia founded in 2016, is a discount broker that provides trading and investing at zero cost. Finvasia is a new broker based in Chandigarh that offers trading in equities, derivatives, currency, and commodities through its multiple trading platforms, which include in-house built Scalpert, Omneys Nest, NSE NOW, Blitz Trader, Amibroker, Presto, and a wide range of tools such as Algo Plugins, HFT trading, IOB, and more.
Table 1: Finvasia Overview
Regulation: Securities and Exchange Board of India (SEBI)
Account Types: Demat account, trading account
Demo Account: YES
Islamic Account: NO
Market Instruments: Equity, Derivatives, Currency, IPOs, Bonds, Commodity, Mutual Funds, SIPs, Futures, Options and NRI trading
Trading Platforms: Scalpert, Omnesys Powered NEST, NSE Now, Blitz Trader, Symphony Presto, Shoonya
Maximum Leverage: 10x
Customer Support (24/7): NO
Knowledge bites
Finvasia is a new financial services company founded to meet the needs of Indian and international investors and traders. Zero brokerage across all sectors and exchanges, supported by in-depth research, cutting-edge technology, and excellent customer service, are the company’s highlights. Foreign Portfolio Investors (FPI), formerly known as Foreign Institutional Investors (FII), Indian brokers, and retail consumers can use the company’s Commercial Clearing services.
Regulations & Trustability Review of Finvasia Broker
Mr. Natty Virk (CEO) and Mr. Sarvjit Singh Virk (Co-Founder) formed the brokerage company. The
headquarters of Finvasia Securities is located in Chandigarh, India. They started offering stock brokerage services in India in August 2013. The Finvasia group of organizations is a SEBI-registered FII, an NSE Commercial Clearing and Trading Member, a BSE Trading Member, an MCX Trading Member, and a member of the Association of Mutual Funds in India (AMFI).
Table 2: Finvasia Regulation details
| Entities name | Regulation | Headquarters |
|---|---|---|
| Finvasia Securities Private Limited | Securities and Exchange Board of India (SEBI) | Chandigarh |
| Finvasia Membership details | ||
| SEBI Reg | INZ000176037 | |
| NCDEX Member ID | 01259 | |
| MCX Member ID | 55135 | |
| BSE Member Code | 4043 | |
| NSE Member Code | 14846 | |
| AMFI ARN | 103331 | |
| CDSL DP ID | 12084300 | |
F2 (Financial assets and instuments review of Finvasia Broker)
Finvasia Broker’s global network includes India, Hong Kong, Japan, China, Singapore, Dubai, the United Kingdom, Israel, Brazil, Mexico, the United States, and Canada.
Review on Accepted countries of Finvasia Broker
The financial assets and instruments that users of Finvasia can trade are listed below.
Trading Platforms Review of Finvasia Broker
Finvasia provides a variety of trading platforms and tools to make trading easy and convenient. There are desktop, online, and mobile trading systems accessible. Some trading platforms need payment.
Different Trading Platorms available in Finvasia to trade:
Scalpert
The Scalpert displays a real-time chart suitable for online financial transfers to over 30 banks. Charting and trading applications are available for both Web and mobile.
Omnesys Powered NEST
NEST is a trading terminal software. Multiple indicators and charts are displayed on the same screen.
NSE Now
Now is an NSE web trading platform that allows you to view market dynamics from any mobile or
desktop device. Unfortunately, NSE Now stopped functioning in 2020.
Blitz Trader
Blitz Trade is a model for speedier executions based on APIs other strategies used include POV, TWAP, VWAP, scalping, cross-market, and so on.
Symphony Presto
Presto is an API-based platform that enables users to execute customized trading through the use of multiple trading algorithms.
AmiBroker
You may use it to investigate and back-test data in real-time. As a result, trading performance improves and human error is reduced.
Shoonya
Users may trade stocks, commodities, derivatives, F&O, SIP, ETF, and mutual funds using Finvasia’s Shoonya trading platform. Shoonya offers more than 100 technical indicators, watch lists, chart IQ, historical data, and other features.
Mobile Application Review of Finvasia Broker
Mobile apps are available for all platforms. Shoonya Beta and Scalpert mobile trading applications are available for free download and are compatible with iOS and Android smartphones. Active traders may manage their accounts, open and close trades, check current prices and see charts using the Finvasia mobile application.
Trading Tools Review of Finvasia Broker
There are many efficient Trading Tools provided by Finvasia for the feasibility of the traders. Some of the important Finvasia Trading Tools are,
Finvasia APIs Review
The Finvasia API allows users to customize their trading site to meet their own needs.
Finvasia Trading Calculator Review
The calculator allows users to figure out brokerage, margin, government fees, and stamp duty.
Finvasaia Prism
Customers may use Finvasia’s unique Prism site to create an account, examine their portfolio, and more.
Finvasia HFT Algo Review
Finvasia provides high-frequency trading software for your trading platform, which employs powerful computers to process a huge number of orders at a rapid pace. It analyses several markets and executes orders depending on the market circumstances using complicated algorithms.
Review on Types of Account of Finvasia Broker
Finvasia does not charge for opening a trading account or a Demat account online. The trading and Demat accounts have no AMC fees, which means that creating and maintaining an account with Finvasia is entirely free. If you have previously completed KYC and have your Aadhar number connected to your phone, creating an account with Finvasia is simple and quick.
Demo Account Review of Finvasia Broker
A free demo account is not currently available from the broker. Customers can contact the customer
service team for login information for the demo facility. Live market prices and data are available through the virtual account & demo platform, but simulated trading is not possible.
Fees & Commissions Review of Finvasia Broker
Finvasia is the first no-commission trading app in India. There are certain external costs to consider.
When investing with Finvasia, you will be subject to government and statutory fees. SEBI charges, GST, STT/CTT, and stamp duty are among them.
Table 3: Fees details on the Finvasia website
| Finvasia Account opening charges | ||
|---|---|---|
| Demat account | $0 | |
| Trading account | $0 | |
| AMC for Demat account | $0 | |
| AMC For trading account | $0 | |
| Finvasia Trading Platform and Services | ||
| Symphony Presto | Rs.1599/month | |
| Blitz Trader | Rs.7777/month | |
| NOW | For BSE – Rs.120/segmentFor NSE – Rs.0/ segment | |
| NEST | For Premium plan – Rs.777 for all segments and Rs. 0 for bracket order For standard plan – Rs. 149/ trade segment & Rs.99/ BO | |
| AMI Broker | Rs.299 per month + tax | |
| Finvasia Transaction Charges | ||
| Equity Delivery | 0.00325% | |
| Equity Options | 0.05% | |
| Currency Options | 0.04% | |
| Equity Futures | 0.00190% | |
| Currency Futures | 0.00115% | |
| Commodity | 0.00260% | |
| Equity Intraday | 0.00325% | |
| Finvasia other Brokerage Charges | ||
| Minimum Brokerage Charges | Zero | |
| Transaction Brokerage Charges | 0.00325% of Total Turnover | |
| SEBI Turnover Charges | 0.00015% of Total Turnover | |
| Stamp Duty Charges | As per the state | |
| GST Charges | 18% of (Brokerage + Transaction Charges | |
| STT Charges | 0.025% of selling value | |
| Call and Trade Charges | Rs 0 | |
Funding & Withdrawal methods Review of Finvasia Broker
Finvasia allows bank wire transfers, UPI, checks, and NEFT/RTGS/FT/IMS as account funding methods. It permits withdrawals only to the primary bank account linked with a live investment account. There are no minimum or maximum deposit or withdrawal limitations set by the broker. There are no fees for deposits, withdrawals, or fund transfers.
Leverage Review of Finvasia Broker
In comparison to other brokers, Finvasia provides lower leverage rates:
Table 4: Leverage details for all financial assets available in Finvasia
| Finvasia Leverage Ratio for various Financial Instruments | |
|---|---|
| Currency futures | 1x |
| Currency options | 1x |
| MXC (Commodity) | 2x |
| Equity futures | 2x |
| Equity Options | 1x |
| Equity delivery | Up to 5x |
| Equity Intraday | Up to 10 x |
Trading Hours Review of Finvasia Broker
Trading hours on Finvasia differ by the type of instrument.
Bonus Review of Finvasia Broker
Finvasia does not provide any financial incentives, such as a welcome bonus. Alternatively, there is a Refer-and-Earn Programme. Every successful new account referral will earn you 50 bonus points. Points can be accumulated and redeemed for gift cards redeemable at well-known retailers.
Education and Research Review of Finvasia Broker
Finvasia does not provide new investors with any educational resources or trading recommendations. Some YouTube videos and the Help desk section are quite helpful. The Demat account opening procedure is explained in more detail, as well as client-base login and platform problem-solving. Finvasia’s researc and advisory services are totally dependent on its robot advising platform. This robot advice platform offers daily stock recommendations, weekly stock performance, and other services.
Advantages and Disadvantages of Finvasia Indian Broker
Though Finvasia is a zero commission broker, it also has its Pros and Cons which are listed in Table 5.
Table 5: Pros and Cons of the Finvasia website
 Pros |  Cons |
|---|---|
| Users get access to a wide range of trading platforms. | A fresh face in the broking industry, but gaining consumer trust might take years. |
| There have been no account opening charges or trade-based trading expenses. | Poorer performance in comparison to other categories. |
| Rates of economic transactions. | The use of certain trading platforms is charged on a monthly basis. |
| Consumer investment management by robots is essential. | Customer service might be improved, especially in terms of settlement efficiency. |
| Trading categories provide limited exposure or leverage. |
Customer Support Review of Finvasia Indian Broker
Customer assistance is provided via online chat, email, helpline numbers, discussion forums and email. The social media support includes Facebook, Instagram, YouTube, Twitter and LinkedIn. The hours of operation for technical assistance and the dealer desk are 9 a.m. to 11 p.m. (IST).
Table 6: Customer support numbers on the Finvasia website
| Finvasia Contact number | |||
|---|---|---|---|
| Sales | Client Support | Business | |
| +91 9098 001 001 | 0172-474 0000 +91 9779 097 777 +91 1726 750 000 | +911726670000 | |
| Finvasia Physical Address | |||
| India | United Kingdom | Canada | Cyprus |
| Plot No D-179 Finvasia Centre Phase 8b Industrial Area G F Sector 74 Sas Nagar Mohali Mohali 160054 Punjab | Building # 3, 566 Chiswick High Road, London, W4 5YA | 6740 Davand Drive, Unit #10 Mississauga, ON, Canada L5T 2K9 | 319, 28th October Street, Kanika Business Center, Office 201B, 3105, Limassol, Cyprus. |
Social media links of Finvasia
Facebook – @finvasia
YouTube – Finvasia Zero Brokerage
Twitter – @finvasia
Instagram – finvasia
LinkedIn – Finvasia
Email – [email protected]
In a Nutshell
To get details about other India brokers and trading platforms check the Broker Reviews section of tradingcritique.com. Have you used Finvasia trading platform? If so, share your feedback about Finvasia in the comments below. Your feedback will be really useful for the other traders who like to start trading with Finvasia.
