Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
The brokerage of IIFL Securities ranges between Rs 20, 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 IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Finvasia is rated 4, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Finvasia vs Nuvama Wealth in this setion with 360 degree view of broker information.
 IIFL Securities |
 Finvasia |
 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 | IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...  |
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... |
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... |
| Broker Enquiry |
|
|
|
In this section we have compared IIFL Securities 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 - IIFL Securities charges Rs 250 PA (Free for 1st year) 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.
| Charges | IIFL Securities | 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 250 PA (Free for 1st year) | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
| Provide DP Service |  |
|
|
Plans are the most important feature you look when compare IIFL Securities 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 IIFL Securities and Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Multiple Plans |  |
|
|
| Monthly Plans | |
|
|
| Yearly Plans | |
|
|
| IIFL Securities | Zerodha | Nuvama Wealth | |
|---|---|---|---|
| Account Opening Request |
IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
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 | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Plan Name | IIFL iSERVE Brokerage Plan | Zero Brokerage Trading Plan | Nuvama Lite |
| Equity Delivery | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Equity Intraday | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Equity Futures | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Equity Options | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Currency Futures | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Currency Options | Flat Rs 20 per order | Rs 0 | Flat Rs. 10 per executed order |
| Commodity Trading | Flat Rs 20 per order | Rs 0 | 0.01% |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Funding | Yes - 18% interest PA | Yes, 24% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | Rs 50 Per Call + GST | Free | Rs 20 per call |
| Auto Square off Charges | Rs 50 Per Call + GST | Free | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Finvasia | Brokerage Calculator for Nuvama Wealth |
Compare IIFL Securities vs Finvasia vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | 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 iifl-securities | Complete Brokerage Plans for finvasia | Complete Brokerage Plans for nuvama-wealth |
Compare IIFL Securities 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 - IIFL Securities and Nuvama Wealth offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| 3 in 1 Account | |
|
|
| Charting | |
|
|
| Algo Trading | |
|
|
| SMS Alerts | |
|
|
| Online Demo | |
|
|
| Online Portfolio | |
|
|
| Margin Trading Funding Available | |
|
|
| Combined Ledger for Equity and Commodity | |
|
|
| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:15PM |
| NRI Trading | |
|
|
| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Desktop Trading Platform | IIFL Trader terminal | OMNESYS NEST | Xtreme Trader |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
| Desktop Platform (Windows) | |
|
|
| Desktop Platform (Mac) | |
|
|
| Web Trading Platform | |
|
|
| Web Trading Detail |
https://ttweb.indiainfoline.com |
https://trade.finvasia.com/ |
https://tlounge.edelweiss.in/Login |
| Web Trading Demo | Info Not Available | Info Not Available | Info Not Available |
| Mobile Site | |
|
|
| Mobile Trading | |
|
|
| Mobile Trading App | IIFL Markets | SCALPERT | Nuvama Mobile Trader |
| Mobile Trading App Demo | IIFL Markets Demo | SCALPERT Demo | Nuvama Mobile Trader Demo |
| Android Mobile App | |
|
|
| Android App Download | Andriod IIFL Markets Download | Andriod SCALPERT Download | Andriod Download |
| iPhone Mobile App (IOS) | |
|
|
| iOS App Download | iOS IIFL Markets Download | Info Not Available | iOS Nuvama Mobile Trader Download |
| Android Tablet App | |
|
|
| iPad App (IOS) | |
|
|
| Trading Software Charges | Free | Basic platforms are free, advance platforms are chargeable. | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IIFL Securities | Equity Intraday and Delivery Brokerage Calculator for Finvasia | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for Nuvama Wealth |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for Nuvama Wealth |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for nuvama-wealth |
| IIFL Securities | Finvasia | Nuvama Wealth | ||
|---|---|---|---|---|
82 Customer Reviews
 |
17 Customer Reviews
|
4 Customer Reviews
|
||
| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 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 |
Compare IIFL Securities 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) - IIFL Securities and Nuvama Wealth offers PMS facility where Finvasia doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Equity Cash and F&O | |
|
|
| Currency Deravitives | |
|
|
| Commodity | |
|
|
| Online IPO Application | |
|
|
| Mutual Funds | |
|
|
| Bond / NCD | |
|
|
| ETF | |
|
|
| Banking | |
|
|
| Insurance | |
|
|
| Forex | |
|
|
| MF SIP Investment | |
|
|
| Equity SIP Investment | |
|
|
| PMS Service | |
|
|
| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities 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) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) facility where IIFL Securities 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 - IIFL Securities offers Good Till Cancelled (GTC) orders facility where Finvasia and Nuvama Wealth doesn't provides GTC.
| Order Type Compare | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| CNC order | |
|
|
| MIS order | |
|
|
| NRML order | |
|
|
| Cover order | |
|
|
| Bracket order | |
|
|
| AMO-After Market Orders | |
|
|
| GTC-Good Till Cancelled | |
|
|
Compare IIFL Securities 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 Service Compare | IIFL Securities | Finvasia | Nuvama Wealth |
|---|---|---|---|
| 24/7 Customer Service | |
|
|
| Email Support | |
|
|
| Onine Live Chat | |
|
|
| Phone Support | |
|
|
| Toll Free Number | |
|
|
| Through Branches | |
|
|
| Customer Care Number | 022-40071000 | Support: +91 9779 097 777/Sales: +91 9098 001 001 | 1800 102 3335 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected]/[email protected] | [email protected] |
| Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://finvasia.com/announcements | https://www.nuvamawealth.com/investology |
| Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
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.indiainfoline.com/ | https://www.finvasia.com/ | https://www.nuvamawealth.com/ |
Compare IIFL Securities vs Finvasia vs Nuvama Wealth on research reports and tips provided by broker.
| IIFL Securities | Finvasia | Nuvama Wealth | |
|---|---|---|---|
| Research Mutual Funds | |
|
|
| Research Equity Reports | |
|
|
| Research ETF | |
|
|
| Daily Market Report | |
|
|
| Free Tips | |
|
|
| Quarterly Result Analysis | |
|
|
| News Alerts | |
|
|
Compare IIFL Securities vs Finvasia vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Finvasia | Nuvama Wealth | |
|---|---|---|---|
| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 84300 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free | Free (₹1500 one time charges) |
| Advance Deposit | Nil | Rs 0 | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹9 + ₹5.50 (CDSL Charges) for every transaction | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹15 per certificate | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 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 | ₹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 | Nil | ₹19 per transaction | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | Nil | ₹49 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Finvasia vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Finvasia | Nuvama Wealth | |
|---|---|---|---|
| Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. 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 | Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. | Up to 24 hrs except for bank holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. | NA |
| Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
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 |
|
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;
|
|
| Dislikes |
|
Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
|
|
| Special Offers/Promo | Free Account Opening+Free Demat AMC+Free Trading. | ||
| Enquire for IIFL Securities | Enquire for Finvasia | Enquire for Nuvama Wealth |
Last Updated on 2023-09-14T04:42:55+00:00
