Table of Contents
Flattrade Vs Finvasia: Account Opening & AMC Charges
Flattrade Vs Finvasia: Brokerage Charges
Flattrade Vs Finvasia: Transaction Charges
Flattrade Vs Finvasia: Margin (Exposure)
Flattrade Vs Finvasia: STT/CTT
Flattrade Vs Finvasia: Demat Transaction Charges
Flattrade Vs Finvasia: SEBI Charges
Flattrade Vs Finvasia: Other Charges
Flattrade and Finvasia are two of the biggest brokers in India. Both of these platforms cater to diverse investor categories, casual investors, active investors, and traders, providing various features and tools tailored to their respective needs. Casual investors looking for user-friendly interfaces and simplified investment options might find both Flattrade and Finvasia suitable. Active investors seeking more advanced trading capabilities and a wider range of investment instruments would also find options on both platforms. Additionally, traders, who focus on frequent buying and selling of assets, can explore the offerings of both Flattrade and Finvasia to determine which aligns better with their trading strategies.
Read on and find out all about the similarities and differences between the Flattrade and Finvasia charges.
Flattrade Vs Finvasia: Account Opening & AMC Charges
Here are the differences between Flattrade and Finvasia account opening and AMC charges:
Trading Account Opening Charge:
- Flattrade: ₹200 + GST
- Finvasia: ₹0 (Free)
Demat Account Opening Charge:
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
Demat Account AMC:
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
Trading Account AMC:
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
Open an account with Upstox, or read about the Flattrade and Finvasia brokerage charges.
Flattrade Vs Finvasia: Brokerage Charges
Both Flattrade and Finvasia offer free brokerage charges across various trading categories. For both platforms, trading in Commodity Futures, Currency Futures, Equity Delivery, Equity Options, Commodity Options, Equity Futures, Currency Options, Fixed Charges, and Equity Intraday involves no brokerage fees, with both brokers providing these services at no cost.
Looking for detailed information about Flattrade? Check out our FlatTrade Review 2023 – Services, Charges, Pros, Cons and More.
Flattrade Vs Finvasia: Transaction Charges
Here are the differences in the Flattrade and Finvasia transaction charges.
Currency Options:
- Flattrade: NSE: 0.035% | BSE: 0.001%
- Finvasia: ₹4000/Cr of premium
Equity Futures:
- Flattrade: 0.0020%
- Finvasia: ₹325/Cr
Equity Intraday:
- Flattrade: NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50), BSE: 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
- Finvasia: ₹325/Cr
Equity Options:
- Flattrade: 0.053% (on premium)
- Finvasia: ₹5000/Cr
Commodity:
- Flattrade: 0.0026% 0.0013% (FAR MONTH CONTRACT), Commodity option: 0.05%
- Finvasia: ₹260/Cr
Currency Futures:
- Flattrade: NSE: 0.0009% | BSE: 0.00022%
- Finvasia: ₹115/Cr
Equity Delivery:
- Flattrade: NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE: 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
- Finvasia: ₹325/Cr
Flattrade Vs Finvasia: Margin (Exposure)
Here are the differences in Flattrade and Finvasia margin.
Equity Options:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Equity Intraday:
- Flattrade: 5x (Up to 20% of trade value)
- Finvasia: 5x (Up to 20% of trade value)
Currency Options:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Commodity Options:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Commodity Futures:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Equity Delivery:
- Flattrade: 1x (100% of trade value)
- Finvasia: 1x (100% of trade value)
Currency Futures:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Equity Futures:
- Flattrade: 1x (100% of NRML margin)
- Finvasia: 1x (100% of NRML margin)
Flattrade Vs Finvasia: STT/CTT
Know about the differences:
Commodity Futures:
- Flattrade: 0.01% on sell side
- Finvasia: 0.01% on sell side (Non-Agri)
Currency Futures:
- Flattrade: No STT
- Finvasia: No STT
Equity Intraday:
- Flattrade: 0.025% on Sale side
- Finvasia: 0.025% on the Sell Side
Equity Options:
- Flattrade: 0.05% on sell side (on premium)
- Finvasia: 0.05% on Sell Side (on Premium) | Option Excised 0.125%
Currency Options:
- Flattrade: No STT
- Finvasia: No STT
Equity Delivery:
- Flattrade: 0.1% Buy & Sell
- Finvasia: 0.1% on both Buy and Sell
Equity Futures:
- Flattrade: 0.01% on sell side
- Finvasia: 0.01% on Sell Side
Commodity Options:
- Flattrade: 0.05% on sell side
- Finvasia: 0.05% on sell side
Flattrade Vs Finvasia: GST
There are no differences between Flattrade and Finvasia charges for Equity/Currencies/Commodities (Delivery & FNO):
- Flattrade: 18% on (Transaction Charges + Brokerage + SEBI Charges)
- Finvasia: 18% on (Transaction Charge + Brokerage + SEBI Fee)
Flattrade Vs Finvasia: SEBI Charges
In terms of SEBI charges, Flattrade and Finvasia have a similar fee structure for Equity, Currencies, and Commodities (Delivery & FNO) trading at ₹10 per Cr.
Need to know more than just Flattrade and Finvasia charges? Check our post on Flattrade Vs Finvasia Comparison: Features, Pros and Cons, Investment Options and Order Types.
Flattrade Vs Finvasia: Other Charges
Here are the other Flattrade and Finvasia charges to know about:
Minimum Brokerage
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
Other Brokerage Charges
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
Call & Trade Charges
- Flattrade: ₹50 +GST | Equity Options & Currency Options: ₹20 + GST
- Finvasia: ₹0 (Free)
API Charges
- Flattrade: ₹0 (Free)
- Finvasia: ₹0 (Free)
RMS Square Off Charge
- Flattrade: ₹50 +GST | Equity Options & Currency Options: ₹20 + GST
- Finvasia: ₹0 (Free)
Flattrade Vs Finvasia: Demat Transaction Charges
- Flattrade: ₹20 + GST per scrip only on sell
- Finvasia: ₹9 + GST per scrip only on sell
Open an account with Angel One, or continue reading about the Flattrade and Finvasia charges.
Conclusion
To sum up, that was all about the Finvasia and Flattrade charges. Both Flattrade and Finvasia exhibit a commitment to offering competitive and cost-efficient trading experiences. The Zero Brokerage Model is a common feature between the two, catering to investors and traders seeking to optimize their trading costs. The choice between the two ultimately hinges on individual preferences, trading strategies, and priorities, whether it comes to the account opening process, fee structures, or additional services provided. By comprehending the nuances of charges presented by each platform, traders can make informed decisions aligned with their financial goals and trading preferences.
Loved our article on Flattrade and Finvasia charges? You will surely also love to check out our YouTube video.