Finvasia vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Finvasia vs IIFL Securities Account Opening Charges: 2024
| Charge | Finvasia | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (Free) | ₹400 per year |
Finvasia vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Finvasia | IIFL Securities |
|---|---|---|
| Plan Name | Standard | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹0 | 0.05% |
| Equity Options | ₹0 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹0 | 0.05% |
| Currency Options | ₹0 | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | ₹0 | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Finvasia vs IIFL Securities Margin / Exposure: 2024
| Segment | Finvasia | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x | Upto 3x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | 2x | Upto 3x |
| Equity Options | 1x | Upto 3x |
| Currency Future | 1x | Upto 2x |
| Currency Options | 1x | Upto 2x |
| Commodity Future | 2x | Upto 3x |
| Commodity Options | 1x | N/A |