Finvasia is a well-known discount broker of India, started its operation in 2009 and facilitate you to invest in BSE, NSE, MCX and NCDEX. Finvasia is a SEBI registered broker and a depositary participant of CDSL. Finvasia offers to invest/trade in equity, derivative, futures, options and mutual funds. It is a very transparent platform without any hidden charges as Finvasia does not charges single penny as brokerage and also offers free demat and trading account opening with zero AMC charges. Finvasia has its presence in more than 14 countries including Australia & Brazil and its headoffice is located in Chandigarh (India). Offices are also located in some countries such as India, United Kingdom, Mexico and Cyprus through which any one can open an offline account.
Finvasia is a very modern and technology-driven platform which is equipped with new features and a wide range of attractive facilities. There are many trading software and tools available on this platform such as ScalperT, NSE NOW, Nest, Presto and Blitz Trader. In a very short span of time, Finvasia becomes a market leader of brokerage industry.
Complaint against Finvasia:
Post-analysis of any trade is very necessary to understand the mistake as share market is a vast field which is full of uncertainties and risk. Mostly, every trader or investor have their own strategy, various kind of problems can come from the broker’s side related to fund transfer, software, order execution, demat & trading account. leverage, account opening, NRI account, brokerage etc. Customers/clients used to register those complaints of broker at national exchanges BSE and NSE. Such complaints are serious grievances against Finvasia which the broker has failed to resolve. This complaint data is provided by BSE and NSE and it shows overall health of Finvasia.
These complaint report also provides the total no of active customers of Finvasia as well as it shows the growth of the broker year on year.
You can transfer shares from your another demat account to Finvasia demat account by following below two steps:
• Through DIS (Delivery Instruction Slip) – You can transfer your holdings or securities by filling DIS form and need to fill your DP details of Finvasia and submit it to the old broker.
• Through CDSL Easiest – You can transfer your holdings or shares through CDSL Easiest.
On a repatriable basis, for investing in equity delivery, NRIs can link their trading accounts with Axis bank and Yes bank only while on a non-repatriable basis, for investing in derivative segment, NRIs can link with any bank with us.
NRI/PIO are allowed to open only one account with any designated bank (Preferred bank - Axis bank or Yes bank) in a prescribed format for PIS account. After that, bank will issue a PIS approval letter to the investor.
You can say margin shortfall amount the difference value between SEBI mandated margin and available margin. If Margin shortfall amount first time is Finvasia then traders need to pay penalty 1% of the amount.
Finvasia is equipped with many unique features such as free demat & trading account opening, zero brokerage in every segment, zero clearing charges, zero commission on mutual fund, online account opening facility, trading software & tools etc.
First margin call will be given as soon as the MTM loss reaches 50% of the total available margin and client will be asked to submit fresh margin or reduce the positions. One the MTM reaches 80% , position will be squared off.