Finvasia: Trading & Demat Account, Reviews, Charges: 2024

Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.

Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.

Finvasia: an overview

Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides brokerage services in commodities, Equity and forex, currency hedging, corporate funding, asset management, research advisory, and MF solutions. It also deals in real estate investments unlike any brokers in the Indian arena. The goal was to eliminate any middleman one might have and directly make smart investments via Finvasia.

Initiated in August 2016, the stockbroking arm is affiliated with NSE, BSE, and MCX exchanges. They are currently planning to expand their base by introducing Margin Funding, depository, and clearing services soon. The USP of Finvasia is its lifetime zero brokerage offer. It means that you need to pay absolutely zero commission while trading with Finvasia across all channels of exchange. Although the client has to pay taxes and transaction charges, the account opening, Demat account, and Account maintenance (AMC) are cost-free with Finvasia. 

Apart from this, the research factor is also strong in the company. It offers various tools for trading as well as technical, fundamental, and analytical market research not subjected to human intelligence. 

A fast growing fintech company, the wide range of Finvasia services expand towards:

• Investment Banking

• Asset Management

• Capital Advisory services

• Hedging

• Treasure Management

• Brokerage Services in different segments

A Zero-brokerage model! You don't pay any account opening fee, Demat and Trading AMC, and you get it for free. That sound really attractive! Let's catch up with some more insights on Finvasia, its account opening charges, brokerage and other relevant details.

Finvasia: Trading Tools and Platforms

Due to its leverage of cost-free trading, some of the platforms which it offers, require a certain amount of subscription to use. The platforms offer high-frequency trading, and features like Latency sensitive API, Institutional order book, Algo plug-ins, and algorithmic FIX engine. 

ScalperT:

It is a web-based trading application accessible on mobile phones, tablets, laptops, or desktop. With 40 in-built technical indicators, it facilitates fund transfer from over 30 banks. It is a free platform to trade online in currency, commodity, equity, futures, options, etc. and shows real-time chats and indicators of your portfolio. Along with all the necessary features, it has advanced trade options like cover orders, Bracket orders, and more. 

NEST:

NEST or OMNESYS NEST is a terminal-based platform needed to be installed on the desktop. It facilitates trading in various commodities at a super-fast order execution. Enriched with advanced calculators like options calculator, advanced volatility calculator, VWAP calculator, and more, NEST is the leading platform by the Omnesys company. 

NOW:

It is an installable trading terminal affiliated with an NSE program. NSE NOW offers a website, terminal, and a mobile app for trading. It is widely used by discount brokers in India and is highly compatible with all kinds of browsers including Chrome, Safari, Firefox, and IE. It is known for its high speed and compatibility across all channels.

Symphony Presto:

It is an automated trading platform to design, test, execute, and monitor trading and execution algos. Presto is a subsidiary of a Mumbai based fintech company, Symphony and facilitates trading in Equity, futures, commodity, and forex. It is designed to cater to the needs of everyone from a small trader to sophisticated hedge funds.