Fyers vs Finvasia Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
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
Fyers vs Finvasia Account Opening Charges: 2024
| Charge | Fyers | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹400 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹0 (Free) |
Fyers vs Finvasia Brokerage Charges and Plans : 2024
| Charge | Fyers | Finvasia |
|---|---|---|
| Plan Name | Flat Fee Plan | Standard |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | ₹0 |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | ₹0 |
| Equity Options | ₹20 per executed order | ₹0 |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | ₹0 |
| Currency Options | ₹20 per executed order | ₹0 |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | ₹0 |
| Mutual Fund | N/A | N/A |
Fyers vs Finvasia Margin / Exposure: 2024
| Segment | Fyers | Finvasia |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x | Upto 10x |
| Equity Future | Upto 4x | 2x |
| Equity Options | Upto 5x | 1x |
| Currency Future | Upto 3x | 1x |
| Currency Options | Upto 3x | 1x |
| Commodity Future | Upto 3x | 2x |
| Commodity Options | Upto 3x | 1x |