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Geojit Vs Finvasia: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Geojit Max .03 to .3% per trade while the brokerage of Finvasia ranges between Rs 0. Geojit is a Full Service Broker where Finvasia is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Geojit is 2,38,218 where number of active customer for Finvasia is 94,480. Geojit is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Geojit vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Geojit vs Finvasia's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Geojit vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Geojit vs Finvasia's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Geojit vs Finvasia on Service

  Geojit Compare
Geojit
Finvasia Compare
Finvasia
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 2,38,218 94,480
Broker Overview Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce... Know more about Geojit Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Geojit vs Finvasia on Trading & Demat Account Opening Charges

Comparison of Geojit with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where Geojit charges Rs 700 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Geojit with Finvasia
Charges Geojit Finvasia
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 700 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Geojit vs Finvasia on Plan Options

Plans are the most important feature you look when compare Geojit with Finvasia. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Geojit with Finvasia on Plan Options
Plan Types Geojit Finvasia
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Geojit vs Finvasia on Brokerage Charges

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare Geojit with Finvasia
Brokerage Charges Compare Geojit Finvasia
Plan Name Online Trading Plan (Percentage Based) Zero Brokerage Trading Plan
Equity Delivery 0.30% or 30 paisa Rs 0
Equity Intraday 0.03% or 3 paisa Rs 0
Equity Futures 0.01% Rs 0
Equity Options Rs 50 Per Lot Rs 0
Currency Futures 0.03% or 3 paisa Rs 0
Currency Options Rs 50 Per Lot Rs 0
Commodity Trading 0.05% (Buy and sell)| Options: Rs. 150/lot| Option Rs 0
Minimum Brokerage 1p per share or Rs 20/contract whichever is higher NA
Hidden Charges Info Not Available No
Funding Yes - 20% interest PA Yes, 24% interest PA
Call & Trade Charges Free Free
Auto Square off Charges Free Free
Brokerage Calculator Brokerage Calculator for Geojit Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare Geojit vs Finvasia on Transaction Charges

Compare Geojit with Finvasia on transaction charges and PCM fee by segment.

Transaction Charges - Compare Geojit with Finvasia
Transaction Charges Compare Geojit Finvasia
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for geojit Complete Brokerage Plans for finvasia
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Account Features

Compare Geojit vs Finvasia on Account Features

Compare Geojit with Finvasia on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where Geojit doesn't offers Algo Trading. Margin Funding - Geojit offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Geojit with Finvasia
Account Features Compare Geojit Finvasia
3 in 1 Account No Geojit have 2-in-1 account. Only Demate and Trading account. No Geojit have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Geojit vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Geojit and Finvasia. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Geojit with Finvasia
Trading Platform Compare Geojit Finvasia
Desktop Trading Platform SELFIE Platinum OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://selfie.geojit.net/ https://trade.finvasia.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SELFIE Geojit SCALPERT
Mobile Trading App Demo SELFIE Geojit Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod SELFIE Geojit Download Andriod SCALPERT Download
iPhone Mobile App (IOS) No No
iOS App Download iOS SELFIE Geojit Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Geojit Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for Geojit Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for Geojit Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for geojit Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare Geojit vs Finvasia on User Rating

  Geojit Finvasia
  79 Customer Reviews    Rate Geojit 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.6 4.3
Trading Brokerage Rating 3.4 4.6
Trading Platform Usability 3.9 4.0
Customer Service Ratings 3.8 3.5
Overall Ratings 3.7 4.2
Broker Rating Geojit is Rated 3.7 / 5 based on 79 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare Geojit vs Finvasia on Investment Offerings

Compare Geojit with Finvasia on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Geojit provide PMS Service where Finvasia doesn't offer

Investment Offerings - Compare Geojit with Finvasia
Investment Offerings Compare Geojit Finvasia
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options Insurance NIL
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Order Types

Compare Geojit vs Finvasia on Order Types

Order Type - Compare Geojit with Finvasia on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Finvasia provides Cover Orders (CO) where Geojit doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Finvasia provides Bracket Orders (BO) where Geojit doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Geojit offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Geojit with Finvasia
Order Type Compare Geojit Finvasia
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Geojit vs Finvasia on Customer Service

Compare Geojit with Finvasia on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Geojit with Finvasia
Customer Service Compare Geojit Finvasia
24/7 Customer Service Geojit vs Finvasia - 24x7 customer support No No
Email Support Geojit vs Finvasia - Email Support Yes Yes
Onine Live Chat Geojit vs Finvasia - Onine Live Chat No Yes
Phone Support Geojit vs Finvasia - Phone Support Yes Yes
Toll Free Number Geojit vs Finvasia - Toll Free Number Yes No
Through Branches Geojit vs Finvasia - Through Branches Yes No
Customer Care Number Geojit vs Finvasia - Customer Care Number 1800-425-5501/1800-103-5501/91-484-2405822 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process Geojit vs Finvasia - Account Opening Process Offline Online/Paperless
Customer Support Email Geojit vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education Geojit vs Finvasia - Knowledge Center/Education https://insights.geojit.com/ https://finvasia.com/announcements
Head Office Address Geojit vs Finvasia - Head Office Address/Corporate Address Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website Geojit vs Finvasia - Company Website https://www.geojit.com/ https://www.finvasia.com/
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Tips/Research/Reports Published

Compare Geojit vs Finvasia on Research Reports, Tips

Compare Geojit with Finvasia on research reports and tips provided by the broker.

Research Reports - Compare Geojit with Finvasia
  Geojit Finvasia
Research Mutual Funds Geojit vs Finvasia - Research Mutual Funds Yes No
Research Equity Reports Geojit vs Finvasia - Research Equity Reports Yes No
Research ETF Geojit vs Finvasia - Research ETF Yes No
Daily Market Report Geojit vs Finvasia - Daily Market Report Yes No
Free Tips Geojit vs Finvasia - Free Tips Yes No
Quarterly Result Analysis Geojit vs Finvasia - Quarterly Results Yes No
News Alerts Geojit vs Finvasia - Yes No
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Demat Account

Compare Geojit vs Finvasia on Demat Account

Compare Geojit with Finvasia on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for Geojit is ₹600 pa. Finvasia is a better choice in terms of Demat AMC compare to Geojit.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges where for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Geojit with Finvasia
  Geojit Finvasia
DP Source CDSL CDSL
DP ID Geojit vs Finvasia - DP ID 48900 84300
Demat Account Annual Maintenance Charges(AMC) ₹600 pa Free
Advance Deposit NIL Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value (Max ₹40) + CDSL charges ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹100 per demat request max 5 + ₹20 each additional certificate ₹15 per certificate
Remat ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation ₹50 per transaction ₹25 per transaction
Pledge Creation Confirmation Nil NIL
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation Nil NIL
Pledge Invocation ₹50 per transaction ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Geojit vs Finvasia on Special Offers and Promotion

Compare Geojit with Finvasia on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Geojit vs Finvasia on Special Offers and Promotion
  Geojit Finvasia
Pay In and Pay Out Options Geojit vs Finvasia - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time Geojit vs Finvasia - Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 hrs except for bank holidays.
Bank Supported and Charges Geojit vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail Info Not Available FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Likes
  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

Detail Review...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Dislikes
  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Detail Review...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-12T06:18:34+00:00