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Geojit Vs Finvasia Vs Nuvama Wealth: Which one is better?

The brokerage of Geojit ranges between .03 to .3%, the brokerage of Finvasia ranges between Rs 0, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker Finvasia and Nuvama Wealth are a discount brokers where Geojit is a full service broker. Overall rating for Geojit is 4, Finvasia is rated 4, Nuvama Wealth is rated 3.5 out of 5.

Here we present side-by-side comparison of Geojit vs Finvasia vs Nuvama Wealth stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Geojit vs Finvasia vs Nuvama Wealth on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Geojit vs Finvasia vs Nuvama Wealth in this setion with 360 degree view of broker information.

Compare Geojit vs Finvasia vs Nuvama Wealth on Service

  Geojit Compare
Geojit
Finvasia Compare
Finvasia
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
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 One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare Geojit vs Finvasia vs Nuvama Wealth on Trading & Demat Account Opening Charges

In this section we have compared Geojit vs Finvasia vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Geojit charges Rs 700 PA as AMC for Demat account, Finvasia charges Free AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Geojit vs Finvasia vs Nuvama Wealth
Charges Geojit Finvasia Nuvama Wealth
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 700 PA Free Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Geojit vs Finvasia vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Geojit vs Finvasia vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Geojit and Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Geojit vs Finvasia vs Nuvama Wealth on Plan Options
Plan Types Geojit Finvasia Nuvama Wealth
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Geojit vs Finvasia vs Nuvama Wealthon 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.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare Geojit vs Finvasia vs Nuvama Wealth
Brokerage Charges Compare Geojit Finvasia Nuvama Wealth
Plan Name Online Trading Plan (Percentage Based) Zero Brokerage Trading Plan Nuvama Lite
Equity Delivery 0.30% or 30 paisa Rs 0 Flat Rs. 10 per executed order
Equity Intraday 0.03% or 3 paisa Rs 0 Flat Rs. 10 per executed order
Equity Futures 0.01% Rs 0 Flat Rs. 10 per executed order
Equity Options Rs 50 Per Lot Rs 0 Flat Rs. 10 per executed order
Currency Futures 0.03% or 3 paisa Rs 0 Flat Rs. 10 per executed order
Currency Options Rs 50 Per Lot Rs 0 Flat Rs. 10 per executed order
Commodity Trading 0.05% (Buy and sell)| Options: Rs. 150/lot| Option Rs 0 0.01%
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 Yes - 24% interest PA
Call & Trade Charges Free Free Rs 20 per call
Auto Square off Charges Free Free Rs 20
Brokerage Calculator Brokerage Calculator for Geojit Brokerage Calculator for Finvasia Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Geojit vs Finvasia vs Nuvama Wealth on Transaction Charges

Compare Geojit vs Finvasia vs Nuvama Wealth on transaction charges and PCM fee by segment.

Transaction Charges - Compare Geojit vs Finvasia vs Nuvama Wealth
Transaction Charges Compare Geojit Finvasia Nuvama Wealth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for geojit Complete Brokerage Plans for finvasia Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Geojit vs Finvasia vs Nuvama Wealth on Account Features

Compare Geojit vs Finvasia vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Geojit and Nuvama Wealth offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

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

Compare Geojit vs Finvasia vs Nuvama Wealthon Trading Platform

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

Trading Platform - Compare Geojit vs Finvasia vs Nuvama Wealth
Trading Platform Compare Geojit Finvasia Nuvama Wealth
Desktop Trading Platform SELFIE Platinum OMNESYS NEST Xtreme Trader
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://selfie.geojit.net/

https://trade.finvasia.com/

https://tlounge.edelweiss.in/Login

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App SELFIE Geojit SCALPERT Nuvama Mobile Trader
Mobile Trading App Demo SELFIE Geojit Demo SCALPERT Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod SELFIE Geojit Download Andriod SCALPERT Download Andriod Download
iPhone Mobile App (IOS) No No Yes
iOS App Download iOS SELFIE Geojit Download Info Not Available iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes Yes
iPad App (IOS) No No Yes
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Geojit Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Geojit Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Geojit Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for geojit Detail on Trading Platforms for finvasia Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Geojit vs Finvasia vs Nuvama Wealth on User Rating

  Geojit Finvasia Nuvama Wealth
  79 Customer Reviews    Rate Geojit 17 Customer Reviews    Rate Finvasia 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Geojit is Rated 3.7 / 5 based on 79 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Geojit vs Finvasia vs Nuvama Wealth on Investment Offerings

Compare Geojit vs Finvasia vs Nuvama Wealth 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Geojit and Nuvama Wealth offers PMS facility where Finvasia doesn't offers PMS facility.

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

Compare Geojit vs Finvasia vs Nuvama Wealth on Order Types

Order Type - Compare Geojit vs Finvasia vs Nuvama Wealth on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Finvasia and Nuvama Wealth provides Cover Orders (CO) facility where Geojit doesn't provides Cover Orders. Bracket Orders (BO) - Finvasia provides Bracket Orders (BO) facility where Geojit and Nuvama Wealth doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Geojit offers Good Till Cancelled (GTC) orders facility where Finvasia and Nuvama Wealth doesn't provides GTC.

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

Compare Geojit vs Finvasia vs Nuvama Wealth on Customer Service

Compare Geojit vs Finvasia vs Nuvama Wealth on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Geojit vs Finvasia vs Nuvama Wealth
Customer Service Compare Geojit Finvasia Nuvama Wealth
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes No
Phone Support Yes Yes Yes
Toll Free Number Yes No Yes
Through Branches Yes No Yes
Customer Care Number 1800-425-5501/1800-103-5501/91-484-2405822 Support: +91 9779 097 777/Sales: +91 9098 001 001 1800 102 3335
Account Opening Process Offline Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected]/[email protected] [email protected]
Knowledge Center/Education https://insights.geojit.com/ https://finvasia.com/announcements https://www.nuvamawealth.com/investology
Head Office 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
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website https://www.geojit.com/ https://www.finvasia.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Geojit vs Finvasia vs Nuvama Wealth on Research Reports, Tips

Compare Geojit vs Finvasia vs Nuvama Wealth on research reports and tips provided by broker.

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

Compare Geojit vs Finvasia vs Nuvama Wealth on Demat Account

Compare Geojit vs Finvasia vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Geojit vs Finvasia vs Nuvama Wealth
  Geojit Finvasia Nuvama Wealth
DP Source CDSL CDSL CDSL
DP ID 48900 84300 19100
Demat Account Annual Maintenance Charges(AMC) ₹600 pa Free Free (₹1500 one time charges)
Advance Deposit NIL Rs 0 NIL
Statutory charges Nil 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 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹100 per demat request max 5 + ₹20 each additional certificate ₹15 per certificate ₹2 per certificate + ₹30 courier charges
Remat ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges ₹15 for every hundred securities + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹50 per transaction ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil NIL Nil
Pledge Closure Nil ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil NIL Nil
Pledge Invocation ₹50 per transaction ₹19 per transaction 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil ₹49 Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Geojit vs Finvasia vs Nuvama Wealth on Special Offers and Promotion

Compare Geojit vs Finvasia vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Geojit vs Finvasia vs Nuvama Wealth on Special Offers and Promotion
  Geojit Finvasia Nuvama Wealth
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.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 hrs except for bank holidays. Upto 24 Hrs except Bank Holidays.
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. NA
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
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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