Finvasia - Safe, Reliable & Trustworthy Broker

Finvasia is a trustworthy broker and offers a zero brokerage model. Some brokers may allude investors with a free brokerage plan and offer only one free segment or for a limited period. As compared to many discount brokers, Finvasia truly offers completely free brokerage plans across all the segments.

Finvasia is a Chandigarh based reliable discount broker. The company is a registered SEBI member. It also has membership with BSE, NSE, MCX, and NCDEX. It is also a depository participant (DP) of CDSL(Central Depository Services Ltd).

Finvasia offers trading services across equity, commodity, currency, derivatives, and mutual funds. It is an online discount broker that focuses on digital presence and technology advanced software.

About Finvasia

Finavasia is a technology-driven financial services provider. Key facts about Finvasia as on 3rd July 2020:

• Founded in Aug 2016
• Offers lifetime zero brokerage services
• Zero commissions on trading with Finvasia
• Saves 90% commission of customers over traditional brokers
• Offers 3rd party trading software
• Presto provides Algo trading for frequent and hedge fund traders
• Margin is low as compared to other brokers

Why is Finvasia safer than other brokers?

1. No Pooled Account

   Finvasia doesn't offer facilities to keep securities in the pooled account. All the securities purchased on the Finvasia platform are directly credited to the Demat account of the investors. The company is planning to open pool account services for NSE brokers.

2. Simple Pricing Model

   Finvasia has a simple pricing model. It charges absolutely nothing for trading in equity, F&O, currency, and commodities. It sticks on its zero pricing model and doesn't confuse the investors by offering it for a particular segment like other brokers.

3. No Advisory Services

   Finvasia is a discount brokerage firm that focuses on offering online trading facilities at a discounted price. It doesn't offer any advisory services to the investors.

4. Low Complaints to Active Clients Ratio

   Finvasia's ratio of complaints to active clients is lower which makes it one of the reliable discount brokers.

5. Technology Focused Company

   The company updates the trading speed and efficiency of the software from time to time with various technical tools. The risk management system and monitors help in keeping check of the risk across different asset classes.

Finvasia Risks

Finvasia is a safe broker but there are still some points you should consider to know the risks involved in the process.

1. Not a listed company

   Finvasia is not a listed company in BSE and NSE. As the shares of the company are not traded in the stock market, Finvasia doesn't need to reveal the financial data of the company in the public.

2. Proprietary Trading

   Finvasia allows proprietary trading where it can use the inside information of clients to generate profits. Second, the profits generated from proprietary trading are also volatile.

Finvasia Memberships

Finvasia is a SEBI registered broker and stock exchange member with NSE, BSE, MCX, and NCDEX. Finvasia offers depository services with CDSL.

Finvasia's various memberships details are as follows:

• SEBI Reg: INZ000176037
• CDSL DP ID: 12084300
• AMFI ARN: 103331
• NSE Member Code: 14846
• BSE Member Code: 4043
• MCX Member ID: 55135
• NCDEX Member ID: 01259

Conclusion

Finvasia has been in depository services for the last four years. It doesn't have that much experience in the industry as compared to other brokers. But, it is a reliable discount broker and offers a true free brokerage pricing model. It is a technology advanced trading platform of 3rd parties.

Must Read:

• 10 Steps to safeguard trading and Demat account

Frequently Asked Questions

Finvasia Competitors Review

Information on this page was last updated on Thursday, November 23, 2023