Finvasia Consumer Complaints

 
 
 
 
 

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Finvasia Consumer Complaints

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.

Finvasia Consumer Complaints:

Financial Year

Exchange

Number of Clients

Total Complaints

Percentage

2021-22

NSE

12,689

2

0.02%

2020-21

NSE

12,078

46

0.38%

2019-20

BSE

379

2

0.53%

NSE

5709

17

0.30%

2018-19

NSE

3371

6

0.18%

2017-18

NSE

2013

10

0.05%

2016-17

NSE

902

2

0.22%

2015-16

NSE

633

1

0.16%

 

Finvasia Complaint at NSE

Entity

2021-22

2020-21

2019-20

Defaulter

No

No

No

Number of active clients

12,689

12,078

5709

Number of complaints received

2

46

17

Resolved through the exchange

1

35

14

Non-actionable

0

7

2

Advised/Opted for arbitration

0

0

0

Pending for redressal with exchange

1

4

1

No. of arbitration filed by clients

1

 

1

Decided by arbitrators in favour of the clients

0

 

1

Decided by the arbitrators

0

 

1

Pending for redressal with arbitrators

1

 

0

 

Finvasia Complaint at BSE

Entity

2017-18

Defaulter

No

Number of active clients

379

Number of complaints received

2

Resolved through the exchange

1

Non-actionable

0

Advised/Opted for arbitration

0

Pending for redressal with exchange

1

No. of arbitration filed by clients

0

Decided by arbitrators in favour of the clients

0

Decided by the arbitrators

0

Pending for redressal with arbitrators

1

 



Frequently Asked Questions


No because profits of the F&O segment used to credited to the ledger’s next working day, so, you can’t use the profit amount on the same day for new positions.
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.
No, Finvasia only offers 2-in-1 account on its platform.
Yes, any NRI around the world can invest in Indian Share market through Finvasia.
It is totally free; you don’t need to pay single penny for opening of demat and trading account on Finvasia.
Yes, you can place After Market Order (AMO) on Finvasia.
Square off timings are variable in different segments: • NSE CASH – 3:20 PM • NSE NFO – 3:25 PM • NSE CDS – 4:45 PM • NSE CDS cross currency – 4:45 PM • MCX (MAR to NOV) – 11:15 PM • MCX (DEC to FEB) – 11:40 PM
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.
Yes, Finvasia offers semi and fully Algo trading on its platform.
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.
No, every service is available online and you can also visit the Finvasia’s head office located in Chandigarh (India) for any offline support.
Penny Stocks are those types of shares that are traded at a very low price below Rs 10 and are usually listed on a smaller exchange. Finvasia does not offer leverage on penny stocks.
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.
Finvasia does not offer online IPO application facility but while applying through your bank account, you can enter Finvasia Demat Account Number to get your allotted shares in your demat account.
Finvasia offer following products to NRIs: • Equity trading in BSE & NSE (Delivery based) • Trade in F&O segment • Direct Mutual Fund • Bonds
No, Finvasia does not charge any extra brokerage on cancelling and modifying an order. Transparency is the key quality of Finvasia.
Yes, Finvasia offers free call and trade facility i.e. you don’t need to pay single penny for call and trade facility.

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