Finvasia vs Alice Blue Comparison: 2024
About Finvasia
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
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
Finvasia vs Alice Blue Account Opening Charges: 2024
| Charge | Finvasia | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹0 | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (Free) | ₹400 |
Finvasia vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | Finvasia | Alice Blue |
|---|---|---|
| Plan Name | Standard | Freedom 15 Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹0 | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | ₹0 | ₹15 per order or 0.01% whichever is lower |
| Equity Options | ₹0 | ₹15 per order |
| Currency Futures | ₹0 | ₹15 per order or 0.01% whichever is lower |
| Currency Options | ₹0 | ₹15 per order |
| Commodity Options | ₹0 | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
Finvasia vs Alice Blue Margin / Exposure: 2024
| Segment | Finvasia | Alice Blue |
|---|---|---|
| Equity Delivery | 1x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | Upto 10x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | 2x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | 1x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | 1x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | 1x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | 2x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | 1x | N/A |
Finvasia vs Alice Blue Currency Charges and Plans: 2024
| Charge | Currency Futures (Finvasia) | Currency Options (Finvasia) | Currency Futures (Alice Blue) | Currency Options (Alice Blue) |
|---|---|---|---|---|
| Brokerage | Based on Brokerage Plan Selected | Based on Brokerage Plan Selected | ||
| Securities Transaction Tax (STT) | ₹0 | ₹0 | No STT | No STT |
| Transaction / Turnover Charges | ₹115/crore | ₹4000/crore of premium | BSE ₹200 per crore | BSE ₹2000 (on premium) per crore (0.02%) |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
| Stamp Charges | As per UT ₹10 or State-wise for some states | As per UT ₹10 or State-wise for some states | State-wise | State-wise |
Finvasia vs Alice Blue Commodity Charges and Plans: 2024
| Charge | Commodity Futures (Finvasia) | Commodity Options (Finvasia) | Commodity Futures (Alice Blue) | Commodity Options (Alice Blue) |
|---|---|---|---|---|
| Brokerage | 0.01% or Based on Brokerage Plan Selected | ₹15 per lot or Based on Brokerage Plan Selected | ||
| Securities Transaction Tax (STT) | 0.01% (on Sell side) | 0.01% (on Sell side) | 0.01% on Sell Side (Non-Agri) | 0.01% on Sell Side (Non-Agri) |
| Transaction / Turnover Charges | ₹260/ crore | ₹260/ crore | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore | Non-Agri ₹260 (0.0026%) | Agri ₹260 per Crore |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
| SEBI Charges | ₹5/Crore | ₹5/Crore | ₹5/Crore | ₹5/Crore |
| Stamp Charges | ₹0 | ₹0 | State-wise | State-wise |