The side-by-side comparison of Zerodha and Finvasia NRI Account. Compare Zerodha Vs Finvasia NRI Account brokerage charges, exposure margin, demat account and AMC. Read Finvasia and Zerodha NRI Account reviews.
Find out Zerodha Vs Finvasia which is better NRI Trading Account. See Zerodha Vs Finvasia which is best NRI Demat Account.
Our Zerodha comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Zerodha and Finvasia NRI Account.
Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account...
Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE.
Finvasia is the only broker ...
Account Type
NRI Account
NRI Account
Special Offer
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
Zerodha Vs Finvasia NRI Account Margin
Zerodha Margin
Finvasia Margin
Equity Delivery
1x
1x
Equity Futures
1x
1x
Equity Options
1x
1x
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.
Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Zerodha Vs Finvasia Order Type Offered for NRI Account
Zerodha
Finvasia
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
Zerodha Vs Finvasia - NRI Account Advantages and Disadvantages
Zerodha
Finvasia
Pros
Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
India's largest stock broker in terms of active customers.
Offers access to best-in-industry trading software and tools.
Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
Doesn't offer Mutual Funds to NRI customers.
Doesn't provide research reports or analysis.
Finvasia charges technology costs to provide access to some of the trading platforms.
It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
Conclusion
Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.
Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.
Promo / Offers
Zerodha Special Offer
Free stock trading and mutual funds
Free account opening for all people.
Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +