"Finvasia is a discounted stock broker that offers lifetime zero brokerage on all equity delivery and intraday trades on BSE, NSE, NCDEX, and MCX. In addition to that, Finvasia offers a free Demat account, unlimited call & trade, and zero clearing fees for trading on NSE & BSE irrespective of the trade volume. "
Why FINVASIA?
- The first discounted stockbroker in India offers lifetime brokerage free Demat + Trading account with Zero AMC, Free call & trade services, zero clearing services, and lowest transaction charges on equity delivery, intraday, and F&O.
- Finvasia offers a wide range of products under one roof — stock trading, commodities, currencies, mutual funds, IPOs, FPI (Foreign Portfolio Investors), NRI trading, wealth management to High Net Worth Individuals (HNIs), investment in real estate, and many more.
- Finvasia offers five excellent trading platforms to cater to different types of traders — ScalperT, NEST (Omnisys Powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), and Symphony Presto.
- Finvasia offers quick paperless online account opening within 5 minutes.
- Finvasia trading platforms are available on Windows, MacBook, Android, and iOS platforms.
- Other features: advanced market search, live streaming prices, quick order execution, interactive charts, global indices, and many more.
- Finvasia offers a user-friendly trading platform with a global buy and sells window.
- Finvasia offers financial trading services to the NRIs, PIO (Person Indian Origin)/OCI (Overseas Citizens of India), Foreign Nationals, and QFI (Qualified foreign investor) that are interested to invest in the Indian market.
- Finvasia offers FPI (Foreign Portfolio Investors) from globally. FPI is offered by limited brokers in India and Finvasia is one of them even being a discounted broker.
- Finvasia offers excellent wealth management resolutions to High Net Worth individuals based in India and NRIs.
Positives
- Finvasia offers lifetime free brokerage to its users which means they don’t charge any brokerage on trades, the customers is supposed to pay govt taxes , Stock exchange charges and monthly trading platform charges for using some advance tools & trading platforms.
- Finvasia offers free Demat + trading account opening and unlimited call & trade.
- Finvasia also offers free trade clearing.
- MCX Commodity trading offers GTC orders for all users
- Finvasia offers free trading software — ScalperT where the users can do trading on the web and through mobile apps.
- Finvasia offers APIs and Algo trading tools.
- Finvasia offers seamless KYC and Aadhar eSign facility to fasten the account opening process.
- Finvasia offers users advanced order types — cover order and bracket at the lowest fees.
- In addition to stock trading, Finvasia also offers Investment opportunity in Bonds, IPO and Mutual Funds.
- Finvasia offers excellent NRI trading.
- Finvasia Scalper trading platform allows its users to place various orders in one go and invest in multiple segments through a single platform.
- Online Chat support is available
- Online IPO Application facility is available for its customers
- Finvasia Scalper trading platform allows its users to place various orders in one go and invest in multiple segments through a single platform.
Needs Improvement
- There is no dedicated relationship manager in Finvasia; thus the traders need to look out for their portfolios themselves
- Does not provide 3in1 account facility.
- Finvasia charges for Advance order types like Bracket orders etc.
- Trading platforms like NEST and NOW are chargeable.
- GTC orders are not available at NSE and BSE. They are available at MCX.
- Finvasia is online broker and does not have any branches for local support.
- Scalpter (trading website) has only 1 min charting frame.
Overview :
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| Year of Incorporation | 2013 |
| Products | Mutual Fund, Broking , NPS , Global Stocks, ETF |
| Demat Services | No |
| Active Exchange Memberships | BSE, NSE, MCX |
| Website | https://finvasia.com/ |
| Contact Details | +911726670000 |
| Total Number of Clients | 81,004 |
| Total Number of Branches | 1 |
Finvasia is a FinTech company based in Mohali (Punjab, India), founded in Canada, offering excellent financial services as a discounted stock broker that aims to develop an affordable and accessible financial ecosystem by providing investors lifetime free brokerage on unlimited trading.
Finvasia offers stock trading, asset management, currency hedging, advisory, and investment banking. In addition to this, Finvasia offers various other financial services such as IPO, mutual funds, NRI services, corporate services, and many more.
Finvasia was founded in 2009 but entered the brokerage market in 2013, offering to trade in MCX and NSE. After two years, Finvasia became a member of BSE. In 2018 Finvasia became a member of NCDEX allowing the traders to trade in NSE, MCX, BSE, and NCDEX. Finvasia is one of the fastest-growing financial companies in India that offers a wide range of services under one roof with zero fees and some services at discounted rates.
Though Finvasia offers a lifetime free brokerage on trading, only GST, SEBI fees, and stamp duty, it charges fees from the users for using their software — trading platform.
Even though Finvasia is a discounted broker the platform offers full-service brokers in addition to offering wealth management solutions to the high net value clients (more than INR 25 lakh investors), and the only discounted brokers that offer FPI (Foreign Portfolio Investors) in India.
Finvasia has three offices globally — Mississauga, Canada; Chandigarh, India; and London (UK). Along with India, Finvasia also offers its excellent financial services in 14 countries globally.
Finvasia Account Opening Charges 2024
Finvasia does not charge for online account opening for Trading Account & Demat Account. There are no AMC charges on the Trading and Demat account, which means account opening and account maintenance with Finvasia is completely free
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Finvasia Trading Account | ₹0 | ₹0 |
| Finvasia Demat Account | ₹0 (Rs 199 for Power of Attorney) | ₹0 (Rs 1000 for corporate clients) |
Finvasia Equity Delivery & Intraday Charges 2024
Please find below Finvasia Brokerage charges for Delivery & Intraday Trades. Finvasia provides Delivery & Intraday trade both at Zero Brokerage charges
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | ₹0 (Free) | ₹0 (Free) |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell-side |
| Transaction / Turnover charges | NSE: 0.00325%, BSE Rs. 1 each on buy trade & sell trade | NSE: 0.00325%, BSE Rs. 1 each on buy trade & sell trade |
| SEBI Charges | ₹ 5/Crore | ₹ 5/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.003% |
Finvasia F&O Brokerage Charges 2024
Please find below the Finvasia Brokerage Charges list for Equity Futures & Equity Options. Finvasia provides Equity Future Trading and Options Trading Free of Brokerage charge.
| Charges | Equity Future | Equity Option |
|---|---|---|
| Brokerage | ₹0/Trade | ₹0/Trade |
| STT | 0.01% On the Sell-side | 0.05% On the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.0021%, BSE ₹ 1 each on buy trade & sell trade | NSC : 0.053%, BSE ₹ 1 each on buy trade & sell trade |
| SEBI Charges | ₹ 5/Crore | ₹ 5/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Finvasia Currency Trading Brokerage Charges 2024
Please find below Finvasia Brokerage Charges for Currency Future & Currency Options. Finvasia does not charge any brokerage for Currency Future and Options Trading.
| Charges | Currency Future | Currency Option |
|---|---|---|
| Brokerage | ₹0/Trade | ₹0/Trade |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.00135% | NSE: 0.044% |
| SEBI Charges | ₹ 5/Crore | ₹5 /Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Finvasia Commodity Brokerage & Other Charges 2024
Please find below the Finvasia Charges list for Commodity Trading. Finvasia does not charge any brokerage for commodity trading.
| Charges | Commodity |
|---|---|
| Brokerage | ₹0/Trade |
| STT/CTT | 0.01% on Sell |
| Transaction / Turnover charges | Non-Agri: 0.0031% | Agri: 0.00175% |
| SEBI Charges | 20 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
Finvasia Other Charges | Finvasia Hidden Charges:
- The software uses charges (Per Month):
- ScalperT - Free
- NSE NOW: NSE: Rs 0 | BSE: Rs 149 per segment per month
- NEST: Rs 49 per exchange per month, Rs 99 for bracket order
- Presto: Rs 1599
- Blitz Trader: Rs 2999
- Call & Trade -Free
- DP charges for delivery-based equity selling - Rs 9 per transaction.
Finvasia Mutual Fund Fee Structure 2024
Finvasia offers various mutual funds that cater to different investors' interests and goals — tax saving schemes, and short-term or long-term saving plans with zero brokerage. Finvasia offers investors to invest in Mutual Funds through SIP or lumpsum amounts.
At The Time of Buying
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
At The Time of Selling / Switching
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
Finvasia Trading Platforms & Tools | Finvasia Trading Software
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ScalperT (Web & Mobile Trading App)- Free of Cost
Finvasia ScalperT is an integrated trading platform across all trading segments and exchanges — equity, currency, F&O, and commodities at BSE, NSE, and MCX. ScalperT is developed on Omnesys APIs, RMS (Risk Management System), and OMS (Order Management System).
ScalperT allows users to do trading in different types of orders — Normal, SL, SL-Market, Bracket Order, MIS Order, Cover Order, and Stop Order. In addition, there are up to 40 various technical indicators in ScalperT
ScalperT is a trading free platform for all users on Web and Android Mobile applications. However, ScalperT is not available for iOS users.
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NEST (Omnisys Powered Trading Terminal)
Standard Plan INR 149/exchange per month and INR 99 for bracket order | Premium Plan (BSE, NSE, MCX) INR 777 per month and FREE bracket order
NEST is considered one of the stable and fastest trading platforms on the desktop. It is specially designed for substantial volume traders with lightning-speed order execution. NEST also integrates RMS (Risk Management System) and OMS (Order Management System). NEST offers trading at NSE, BSE, Currency, MCX, and NCDEX Commodity
NEST offers a complete analysis of stocks using advanced charts and streaming data. In addition, NEST has integrated various plug-ins and built-in strategies of Algo Trading for advanced traders.
Finvasia users need to pay extra to use NEST trading. The standard plan cost is INR 149/exchange per month and INR 99 for bracket orders. All segments (BSE, NSE, MCX) are INR 777 per month and free bracket orders.
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NSE NOW — NSE: FREE | BSE: INR 149 per segment/month
NSE NOW is a trading platform by NSE (National Stock Exchange) licensed to over 100 stock brokers in India, allowing traders to trade in equities, currency & derivatives. NOW trading platform is developed with a robust technology offering more than 80 technical indicators and 15 charts with lightning-speed order execution.
In addition, NSE NOW also offers online mutual funds and IPOs investments to its users. NSE NOW offers trading on NSE for free; however, the users who wish to trade on BSE need to pay INR 149 per month per segment.
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Blitz Trader (Algorithmic Trading Platform) —INR 7777 + GST/ month
Blitz Trading is an Algo trading platform designed by Symphony Technologies. Blitz platform allows the HNIs, hedge funds, professional traders, high-grade investors, and propriety traders to use a cutting-edge trading platform cost-effectively and automate their high-frequency trading strategies.
Blitz Trader is available for Finvasia premium users for INR 7777 per month + GST.
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Symphony Presto — INR 1599
Symphony Presto is an automated Algo trading platform to perform an exchange on BSE, NSE, and MCX designed by Symphony Fintech. Presto is designed for expert Hedge fund managers for small traders.
Presto costs INR 1599 per month, and the license cost will be extra.
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Shoonya
Finvasia’s comprehensive trading platform allows users to trade in stocks, commodities, derivatives F&O, SIP, ETF, and mutual funds seamlessly. Shoonya has 100+ technical indicators, watch lists, chart IQ, historical data, and many more.
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APIs
Finvasia API allows the user to design their trading portal according to their requirement.
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Calculator
enables the user to calculate brokerage, margin, government charges, and stamp duty.
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Prism
Finvasia's custom customer portal allows them to open an account, view their portfolio, and many more.
Final Thoughts
Finvasia is one of the best-discounted brokers in India, offering ultimate complete services such as stock trading services in equity, currency derivatives, commodity, and mutual funds across NSE, BSE, MCX, and NCDEX with lifetime free brokerage. In addition, Finvasia offers an excellent five-trading platform that caters to different users with blazing speed.
Trading is one of the best methods to diversify your financial portfolio; however, it is best to consult a financial expert before starting trading and investment in any segment. It is beneficial to understand the complete financial pros and cons before beginning the trading journey.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
Frequently Asked Questions:
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1. Is Finvasia a trustable stockbroker?
Finvasia is registered with NSE, BSE, MCX, CDSL, AMFI, NCDEX, NBFC, SEBI, and SEC (US Securities and Exchange). In 2016, Finvasia got FDI funding from top Venture Capitalists against an estimate of 1.5 Billion INR that enabled the company to offer its users flexibility in trading, allowing them to trade on multiple technology platforms with a lifetime zero brokerage.
Finvasia is currently holding a solid place in the Indian stock market for being one of the most trustable discount brokers offering full services.
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2. How to open a Demat and Trading account with Finvasia?
Finvasia offers quick and paperless online account opening by eKYC and eSignature (Aadhar Card-based eSignature).
- Go to Finvasia website https://finvasia.com/
- Enter your email id and mobile number.
- Enter OTP you have received via SMS.
- Enter your PAN number, DOB, your email id, and password.
- Click on submit.
- On the next page, enter your bank details as asked — Bank Name, Account Number, Branch, Bank Account Type, IFSC Code, and MICR code.
- Select Segment — NSE and BSE (Cash, F&O, and CDS), MCX F&O
- Upload the documents as required.
- Select the software you want to perform trading (ScalperT is the only trading software free to use for all users, other trading platforms are chargeable.
- Enter the OTP you have received on your registered mobile number and email id.
- Check your profile information.
- Enter your Aadhaar number for confirmation and eSignature.
- Enter the OTP you have received on your registered mobile number.
- Your account opened in less than 5 minutes.
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3. How to open an NRI account with Finvasia?
- Go to Finvasia NRI site https://www.finvasia.com/nri
- Click on “Open a Bank Account”
- Follow the procedure —provide KYC details along with the attached documentation mentioned.
- Submit the PIS letter given by your bank.
- Once it’s done, follow the procedure to open a Demat and trading account.
Please note that the NRIs can choose either to open a bank account under the category of NRO — Non-Resident Ordinary or NRE — Non-Resident External. However, NRO allows trading in Equity F&O while NRE allows trading in Equity Delivery only. Therefore, if you wish to trade in both Equity Delivery and F&O, you need to open two accounts — NRO and NRE.
NRE accounts allow the user to repatriate an unlimited amount to India, while the NRO account limits up to USD 1 million/year after taxes.
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4. Why is Power of Attorney (POA) needed to open a Demat account with Finvasia?
Power of Attorney (POA) is needed when opening an account with Finvasia because it gives the broker authority on the trader's behalf to sell the stocks under CNC order type. Hence, it is mandatory to sign a Power of Attorney.
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5. Can I apply for an IPO through a Finvasia stockbroker?
Finvasia doesn't offer online IPO applications on its platform, but the user can apply in IPO through net banking provided by their bank (attached to the Demat account)
- Log in to your bank net banking.
- Click on "online investment."
- Click on "invest in IPO."
- Choose your bank account (in case you have multiple accounts in one bank)
- Confirm your details.
- Select the IPO you wish to apply for.
- Fill in the Demat account details — Depository, Finvasia DP ID (your Demat user ID), DP Account Number (Demat account number), and DP Name-Finvasia Securities Private Limited.
- Confirm and submit the application
Once it's done, the bank will send you the confirmation, and the IPO amount will be in the lock-in period and released once the allotment is done.
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6. What are the Finvasia stockbroker DP charges?
Finvasia DP (Depository Participant) charges are INR 9/script.
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7. How much are the auto-square-off charges in Finvasia?
There is no charge for the auto-square-off in Finvasia.
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8. Is Finvasia suitable for the beginner?
Finvasia offers a user-friendly free trading platform — ScalperT, available on the web and Android OS smartphones. ScalperT fits all the requirements for beginner traders. In addition to this, Finvasia offers lifetime free brokerage that befits the beginner to learn about stock trading with minimal investment.
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9. What is the trading software offered by Finvasia?
Finvasia offers five robust technology-derived trading platforms to cater to different types of traders — ScalperT, NEST (Omnisys Powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), and Symphony Presto.
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10. How much brokerage does Finvasia charge for delivery, intraday, commodity, and F&O?
Finvasia offers lifetime free brokerage to its users on equity delivery, equity intraday, currency, and MCX commodity.
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11. Does Finvasia offer mutual funds?
Yes. Finvasia offers various mutual funds that cater to different investors' interests and goals, such as tax saving schemes and short-term or long-term saving plans. In addition, Finvasia offers zero brokerage on mutual funds investments.
Finvasia’s mutual fund's partners are HDFC Mutual Funds, Birla Sun Life Insurance, SBI Mutual Fund, BOI, AXA Mutual Funds, Edelweiss Mutual Fund, Bajaj Allianz, Reliance Mutual Funds, DSP Black Rock Mutual Fund, IDFC Mutual Funds, and many more.
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12. What are clearing services in Finvasia?
Clearing Services is a process of clearing and settling trades performed by the FPI — Foreign Portfolio Investors and Trading Members (TMs) in Equity F&O, Currency Derivatives segments of BSE and NSE. To avail of the Clearing Services through Finvasia, the trader needs to sign a clearing agreement, submit the required documents, and avail of the cleaning services.
Finvasia offers a detailed report on risk activities, collateral, financial, and positions of the trading members. Finvasia is among a few brokers in India offering clearing services.
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13. What are the other charges in Finvasia?
Finvasia is a discounted broker that has zero brokerage plan for the lifetime, however, Finvasia charge the traders to use their trading platforms:
- NEST (Omnisys Powered Trading Terminal) — Standard Plan INR 149/exchange per month and INR 99 for bracket order | Premium Plan (BSE, NSE, MCX) INR 777 per month and FREE bracket order
- NSE NOW — NSE: FREE | BSE: INR 149 per segment/month
- Blitz Trader (Algorithmic Trading Platform) — INR 7777 + GST/ month
- Symphony Presto — INR 1599
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