Finvasia Review 2023

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Finvasia Brokerage Plan, Fees and Charges

Finvasia is India’s first commission-free online trading platform which makes it the cheapest discount broker for customers. The broker provides a lifetime zero brokerage Plan to customers on trading across all segments and all exchanges. This means on the brokerage front, it has the most competitive brokerage plan of zero pricing compared to top discount brokers like Zerodha, Upstox, 5paisa, etc.

Finvasia Brokerage Plan with closest competitors

Here we are comparing Finvasia with its 5 close competitors, who are currently market leader in brokerage industry.

Type of Account offered by Finvasia

Open a zero brokerage stock trading account online with Finvasia without any paperwork following the complete digital account opening process. The broker allows residents to open an integrated Demat & Trading account to trade on multiple exchanges.

Finvasia Demat & Trading Account

• Finvasia been an active member of BSE, NSE, MCX, and NCDEX and a DP with CDSL allows customers to open a 2-in-1 account, Finvasia Trading Account + Finvasia Demat Account. Its trading account supports trading on all the exchanges in equity, derivatives, commodities, and currency segments. You can also apply for IPOs, and invest in direct mutual funds for free. You can add funds instantly via the UPI payment gateway and start online trading across segments on your preferred platform.
• Not just the Finvasia offers free Demat & Trading account opening but also charges absolutely zero brokerage fee on all intraday and F&O trades.

Finvasia NRI Trading Account

• Finvasia provides a simplified account opening process to cater to the NRI's trading and investment requirements. NRIs can open a Demat cum trading account with FInvasia to invest in stocks, derivatives, IPO, and mutual fund investment products. NRIs can invest in shares listed on the BSE and NSE under the Portfolio Investment Scheme (PIS) either on repatriation or non-repatriation basis. NRIs have to keep a 100% upfront margin to buy and sell stocks as no leverage is offered to NRI clients. Further, they cannot do intraday trading and commodity & currency trading.

How to open Finvasia Account online?

Finvasia the technology-focused discount broker offers a 100% digital eKYC-based process to open an account online. The broker facilitates a simplified account opening process that hardly takes 5-10 minutes to open a Finvasia account.

Steps to open Finvasia Trading and Demat Account Online;

1. Visit to the official website of Finvasia.
2. On the right-hand side, click on the “Open an Account” option.
3. Free sign-up or registration: Enter your email, and mobile number, and verify the details with OTP.
4. Fill up the form by providing basic details like name, PAN number, DOB as per PAN, etc.
5. Verify the information fetched from the central KYC registry.
6. Validate the details with Aadhaar OTP to fetch the document or upload the copy of scanned documents manually.
7. E-sign the account opening form.
8. Your account will is opened and will get activated within 24 hours after verification.

Finvasia Mobile App and Trading Platforms

Shoonya is a powerful multi-asset trading platform that provides out-of-the-box usability. The Shoonya platform is available in web, mobile app, and desktop software exe versions to allow customers to trade on their choice of device. The intuitive features on the Shoonya platform simplify your trading & investing experience to the next level, and are built for ultimate flexibility, speed, and performance. Have a quick glance at the important features available on each of these online trading platforms;

Finvasia Shoonya Mobile App

• Shoonya mobile trading app is a reliable, safe & secure stock trading app. Finvasia customers can trade in stocks, F&O, currencies, and commodities with the Shoonya app. Guest login, multiple personalized watchlists, multiple order placement (including GTT order and basket order), trading view and chart IQ charting libraries with over 15 scanners, 100+ technical indicators, square off multiple positions, apply for IPO and mutual funds, etc. are some of the most prominent features available for traders and investors.
• Manage your Finvasia Trading Account and trade on the go with Finvasia Shoonya Android and iOS trading app.

Finvasia Shoonya Web Trading Platform

• Finvasia has Shoonya web portal accessible via any browser across laptop, desktop, or mobile devices. Users can login to the trading website to trade across different exchanges, and access historical pricing data at multiple time intervals, advanced charting with more than 100 technical indicators & studies, option chain analytics, and many more.

Finvasia Shoonya Desktop Trading Terminal

• Professional day traders or high-frequency traders can download the Finvasia Shoonya exe desktop trading terminal on their laptops or desktop devices. The installable desktop trading software comes with exceptional speed and helps traders to carry out stock fundamental and technical analysis with powerful charting at multiple time intervals, 100+ technical studies, advanced screeners & analytics, and complete option chain analytics.

Finvasia Shoonya API

• Build a customized/personalized trading platform using Finvasia Shoonya Developer API for free. You can create your own platform using cloud-based technology and any of your preferred languages like Python, .Net SDK, and Node js. The Shoonya API provides customers access to the order placement window, fetching user info, bracket order, and getting real-time data streaming using a web socket.

Finvasia HFT Algo

• Finvasia offers a high-frequency algo trading platform that uses powerful computers to place a large number of orders at a fast speed. The platform uses powerful algorithms to analyze the market and execute trading orders based on market conditions.

For detail review of mobile app and download please visit Finvasia Trading Platform Review.

Finvasia Trading Pros

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.

Finvasia Trading Cons

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.

Finvasia Customer Care info

Finvasia broking firm provides all the required assistance to clients via customer care helpline number, and email. It has a dedicated sales & support customer service executives to resolve any customer query at the earliest. Prism is Finvasia&rsquo's in-house custom client portal where they can view their investment, leave a query, and raise an online ticket that will be resolved within the query resolution time of 24 hours. You can also do a live chat with the service team at Finvasia.

It also has a dedicated FAQ page on the website to resolve basic or general problems that most users face while trading.

However, being a discount broker, it neither has any toll-free number nor has branches across the country, thus, 24*7 customer service is not provided.

• Finvasia Customer Care Phone Number: Support: +91 9779 097 777/Sales: +91 9098 001 001
• Finvasia Customer Support Email: [email protected]/[email protected]
• Finvasia Knowledge Center: https://finvasia.com/announcements

Final thought about Finvasia

If you are looking for a Do-It-Yourself (DIY) kind of trading platform, you can open a Finvasia trading account online to trade on the BSE, NSE, and MCX at zero brokerage fees. Finvasia is the most cheapest discount broker in India with free intraday & delivery trading, zero account opening, zero call & trade facility, no hidden charges, no clearing fee, and the lowest DP charges.

However, if you are new to the world of trading and investing then you should open an account with full-service brokers like HDFC Securities, ICICI Direct, Kotak Securities, etc. who offer research & advisory services to help you take rationalized decision but be aware of the high brokerage charges.

Finvasia Securities User Reviews