Table of Contents
Flattrade Vs Finvasia Comparison: Features
Flattrade Vs Finvasia Comparison: Pros & Cons
Flattrade Vs Finvasia Comparison: Investment Options
Flattrade Vs Finvasia Comparison: Order Types
Looking for a proper Flattrade Vs Finvasia comparison? Flattrade and Finvasia are discount brokers with comparable features like a single margin facility and zero brokerage charges. Established in 2012 and 2004 respectively, Finvasia offers access to NSE, BSE, MCX, and NCDEX while Flattrade covers BSE, NSE, and MCX.
Finvasia has no physical branches, while Flattrade operates from 6. Both brokers provide a fee-free trading structure, catering to investors seeking cost-effective trading solutions. Go through our Flattrade Vs Finvasia comparison and take a look at the features, pros and cons, investment options and more about the two discount brokers.
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Flattrade Vs Finvasia Comparison: Features
Here is a Flattrade Vs Finvasia comparison of features:
Online Portfolio
- Finvasia: Yes
- Flattrade: Yes
Algo Trading
- Finvasia: Yes, offers various platforms like Blitz Trader and Symphony Presto for algorithmic trading.
- Flattrade: Not mentioned.
Margin Trading Facility
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
Call & Trade Facility
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
Referral Program
- Finvasia: Not mentioned.
- Flattrade: Yes, offers a referral program.
Collateral Margin
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
Online Demo
- Finvasia: Yes, offers an online demo.
- Flattrade: Not mentioned.
3 in 1 Account
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
Charting
- Finvasia: Yes, offers charting features.
- Flattrade: Not mentioned.
Intraday Square-off Time
- Finvasia: Equity & F&O 3:20 PM | Currency 4:45 PM | Commodities 11:15 PM.
- Flattrade: Equity & F&O 3:20 PM | Currency 4:30 PM | Commodity 11:30 PM.
Trading Platform
- Finvasia: Offers ScalperT (Web & Mobile Trading App), NEST (Omnysis powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), Symphony Presto.
- Flattrade: Offers a Share Trading App and Web Trading platform.
SMS Alerts for Trades
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
Direct Mutual Fund
- Finvasia: Not mentioned.
- Flattrade: Not mentioned.
As you go through our Flattrade Vs Finvasia Comparison, you will also love to check out our FlatTrade Review 2023 – Services, Charges, Pros, Cons and More.
Flattrade Vs Finvasia Comparison: Pros & Cons
Here is a Flattrade Vs Finvasia comparison of advantages and disadvantages:
Flattrade Pros
- Flattrade offers free account opening and annual maintenance charges.
- It has a strong hold on the southern part of India, which could be advantageous for customers in that region.
- The availability of offline branches can be beneficial for customers who prefer in-person assistance.
- Flattrade provides various customer services that could enhance the trading experience.
- Like Finvasia, Flattrade also offers zero brokerage across all trading segments.
Flattrade Cons
- Flattrade has a limited number of trading and investment products compared to some other brokers.
- The company has only one in-house trading platform (a mobile app), and it might not be as technologically advanced as platforms offered by some other brokers.
- The scope of fortune trading with Flattrade is limited, which could be a drawback for certain investors.
- Flattrade’s exchange transaction charges are higher compared to some other discount brokers, which could impact the overall cost for traders.
Finvasia Pros
- Finvasia offers truly commission-free trading, where customers only pay taxes and monthly charges for certain trading software.
- Both Trading and Demat account opening is free of cost.
- It provides online chat support on their website, which can be helpful for customer queries.
- Finvasia allows customers to apply for IPOs online, making the process convenient.
- The company offers a five-minute online paperless account opening process through eKYC and AADHAAR ESign.
Finvasia Cons
- Finvasia primarily offers a DIY stock trading facility with minimal broker support, making it less suitable for beginners or casual investors.
- The Scalpter trading website has limited charting options, with only a 1-minute charting frame available.
- Finvasia does not provide a 3-in-1 account, which could be a drawback for customers who prefer seamless fund transfers between trading, demat, and bank accounts.
- Certain trading platforms like NEST and NOW come with charges, which might not be ideal for traders seeking free platforms.
Flattrade Vs Finvasia Comparison: Investment Options
Here is a Flattrade Vs Finvasia comparison of the investment options offered by the two brokers:
Currency Trading
- Flattrade: Information not provided.
- Finvasia: Offers currency trading options, allowing investors to trade in various currency pairs in the forex market.
IPO (Initial Public Offering) Investments
- Flattrade: Information not provided.
- Finvasia: Information not provided.
Commodity Trading
- Flattrade: Information not provided.
- Finvasia: Provides access to commodity trading, allowing investors to trade in various commodities like gold, silver, oil, etc.
Debt Instruments
- Flattrade: Information not provided.
- Finvasia: Information not provided.
Other Investment Options
- Flattrade: Information not provided.
- Finvasia: Information not provided.
Stock Cash / Equity Trading
- Flattrade: Information not provided.
- Finvasia: Offers stock cash and equity trading, allowing investors to buy and sell shares of publicly listed companies in the stock market.
Mutual Funds
- Flattrade: Information not provided.
- Finvasia: Information not provided.
Bond / NCD (Non-Convertible Debenture) Investments
- Flattrade: Information not provided.
- Finvasia: Information not provided.
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Flattrade Vs Finvasia Comparison: Order Types
Here is a Flattrade Vs Finvasia comparison of the order types offered by the brokers:
Bracket Order/BO/OCO
- Flattrade: Provides similar Bracket Order and OCO functionalities, helping traders manage risk and profit targets effectively.
- Finvasia: Offers Bracket Orders (BO) and One-Cancels-the-Other (OCO) orders, allowing traders to place an entry order, a target order, and a stop-loss order simultaneously.
BTST (Buy Today Sell Tomorrow)
- Flattrade: Probably offers BTST orders as well, enabling traders to perform quick buy-sell transactions within a short timeframe.
- Finvasia: Likely supports BTST orders, allowing traders to buy stocks and sell them the next trading day before delivery.
Cover Order/CO
- Flattrade: Likely offers similar Cover Order functionality, ensuring risk management for traders in volatile markets.
- Finvasia: Provides Cover Orders, allowing traders to place market orders along with a compulsory stop-loss order to manage risk.
Good till Cancelled (GTC)
- Flattrade: Probably offers GTC orders too, enabling traders to keep their orders open across multiple trading sessions.
- Finvasia: Supports GTC orders, where the order remains active until it’s executed or manually canceled by the trader.
Buy Above/Sell Below (SL-M)
- Flattrade: Probably offers similar SL-M orders, helping traders to automate order execution at specific price points.
- Finvasia: Likely provides Stop-Loss Market (SL-M) orders, allowing traders to trigger market orders when the price reaches a certain level.
After Market Order (AMO)
- Flattrade: Likely offers AMO functionality as well, allowing traders to plan their trades outside of regular market hours.
- Finvasia: Supports After Market Orders (AMO), enabling traders to place orders after regular trading hours for execution in the next trading session.
STBT (Sell Today Buy Tomorrow)
- Flattrade: Likely offers STBT orders too, enabling traders to perform short-selling transactions within a specific timeframe.
- Finvasia: Possibly supports STBT orders, allowing traders to sell stocks today and buy them back the next trading day before delivery.
Once you finish reading on Flattrade Vs Finvasia Comparison, check out our post on Flattrade Vs Kotak Securities: Features, Investment Options Offered and Order Types.
Conclusion
Loved this Flattrade Vs Finvasia Comparison article? Both Finvasia and Flattrade have their own sets of advantages and disadvantages. Finvasia is strong in terms of commission-free trading and online convenience, but it might lack extensive support for beginners. On the other hand, Flattrade has a strong regional presence and offers various customer services, but it might have limitations in terms of technology and product range. Your choice between the two would depend on your individual trading preferences and priorities.
Before making any investment decisions, it is advisable to thoroughly research and compare the other aspects of the two brokers, such as fees, customer reviews, charges and overall reputation. You may also want to directly contact both companies for detailed information about their investment options and services.
