What are advantages and disadvantages of opening Demat & Trading account with Finvasia?
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- Updated On:05-Feb-2021
- Replies:1
Short Answer
Finvasia is growing well amid other popular stock brokers in India. Know the advantages and disadvantages of opening a demat and trading account with Finvasia.
Detailed Answer
Are you looking for the benefits and drawbacks of account opening with Finvasia? Let's discuss some of them.
Advantages of Account Opening with Finvasia:
Here are some of the negatives about Finvasia:
- Zero brokerage on trading all segments with no T&Cs + Zero clearing charges + Lowest DP Charge.
- Customer Support is indeed well-trained with specialized knowledge (I’m referring to RM Mr. Gurjot Sodhi). Live chat and ticket system are helpful to act the requests
- Able to use two platforms (Scalpert and NEST) which is indeed a great option, but one login at a time. For that, we can access to all devices including Web, Software and Mobile App.
- As compared to other brokers, they have a very good execution order.
Disadvantages of Account Opening with Finvasia
Here are some of the negatives about Finvasia:
- Charts are not developed properly on in-house Scalpert. There is no history price in chart. Only 1-minute on 1 day timeframe is available.
- NEST Platform is not free. It’s chargeable at Rs. 49 per month in an exchange. However, all the other platforms listed is free except NOW for BSE segment.
- Bracket Order is chargeable at Rs. 99 monthly.
- These issues in first negative point I’ve raised complaint with them, they assured that they are working on these since they released the revamped version of Scalpert app this year. But it’s not a problem for me since I’m able to use NEST and NEST Plus Chart. Since they don’t charge on brokerages and gave me other convenience option, I must be thankful at least. Scalpert is useful for mobile trading app and also good trading orders.
Now I leave you decisions with both positive and negative in hands about them as per current situation. I’ll keep it updated if needed. Do share your views.
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Discussion (0)
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