FundsIndia Vs Finwave
FundsIndia
FundsIndia's overall views, updates & reviews. All about Services, Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account & more
Finwave
Finwave Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
FundsIndia Vs Finwave - Broker Details
| FundsIndia | Finwave | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2009 | 2014 |
| Exchanges | Sebi | NSE, BSE, MCX and NCDEX |
| Branches | Zero | 25 |
| Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Broker Type | Full Service Broker | Full Service Broker |
FundsIndia Vs Finwave - Account Opening & AMC Charges
| FundsIndia | Finwave | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹200 /-(Service Tax) 2nd Year onwards | 1st Plan- ₹160 Yearly | 2nd Plan- ₹999 Onetime | 3rd Plan- ₹100 Yearly |
| Trading Account AMC | N/A | 1st Plan- ₹160 Yearly | 2nd Plan- ₹0 (Free) | 3rd Plan- ₹100 Yearly |
FundsIndia Vs Finwave - Brokerage charges & Plans
| FundsIndia | Finwave | |
|---|---|---|
| Commodity Futures | N/A | ₹20 per order |
| Currency Futures | N/A | ₹20 per order |
| Equity Delivery | 0.01% | ₹20 per order |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Commodity Options | N/A | ₹20 per order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Currency Options | N/A | ₹20 per order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
FundsIndia Vs Finwave - Other Charges
| FundsIndia | Finwave | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹20/Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
FundsIndia Vs Finwave - Transaction Charges
| FundsIndia | Finwave | |
|---|---|---|
| Currency Options | N/A | BSE: 0.001% | NSE: 0.035% |
| Equity Futures | 0.0035% on turnover | NSE: 0.002% |
| Equity Intraday | 0.0035% on turnover | BSE: 0.00345% | NSE: 0.00345% |
| Equity Options | 0.0035% on turnover | NSE: 0.053% |
| Commodity | N/A | 0.0026% |
| Currency Futures | N/A | NSE: 0.0009% | BSE: 0.00022% |
| Equity Delivery | 0.1% on the transaction amount | BSE: 0.00345% | NSE: 0.00345% |
FundsIndia Vs Finwave - Margin (Exposure)
| FundsIndia | Finwave | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure)) |
FundsIndia Vs Finwave - Features
| FundsIndia | Finwave | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. Finwave Trade, 2. Finwave Web Trade, 3. Finwave Best Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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FundsIndia Vs Finwave - Review & Rating
| FundsIndia | Finwave | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
FundsIndia Vs Finwave - Request a call back from Broker
| FundsIndia | Finwave | |
|---|---|---|
FundsIndia Vs Finwave - Investment Options
| FundsIndia | Finwave | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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FundsIndia Vs Finwave - Order Type
| FundsIndia | Finwave | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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FundsIndia Vs Finwave - Research & Report
| FundsIndia | Finwave | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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FundsIndia Vs Finwave - Daily Market Report
| FundsIndia | Finwave | |
|---|---|---|
| Daily Market Reports & News |
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FundsIndia Vs Finwave - Suitable For Investor
| FundsIndia | Finwave | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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FundsIndia Vs Finwave - Pros & Cons
| FundsIndia | Finwave | |
|---|---|---|
| Pros | 1.FundsIndia is the best investment platform in India. 2. Mutual fund services are free. 3) No Demat Charges 4) It is a trustworthy broker 5) For Customers’ convenience, the mobile trading app is available. 6) It has the best team for research analyst. | 1. Reliable and experienced brokerage firm, 2. Wide range of investment options, 3. Excellent customer service and support, 4. RWide range of investment products and options, 5. Competitive pricing and low fees. |
| Cons | 1.No support in the currency or commodity markets. 2.Low exposure values are available. 3.Customer service response can improve. | 1. Market volatility and potential investment risks, 2. Possibility of financial losses, 3. Dependency on market conditions and economic factors, 4. Potential conflicts of interest, 5. Regulatory compliance challenges, 6. Potential for high trading fees and expenses. |
FundsIndia Vs Finwave - Background
| FundsIndia | Finwave | |
|---|---|---|
FundsIndia Vs Finwave - Compare All Brokers
| FundsIndia | Finwave | |
|---|---|---|
FundsIndia Vs Finwave - STT/CTT
| FundsIndia | Finwave | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on sell side |
| Commodity Options | N/A | 0.05% on sell side |
FundsIndia Vs Finwave - Demat transaction charges
| FundsIndia | Finwave | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | ₹18.5 + GST per scrip |
FundsIndia Vs Finwave - GST
| FundsIndia | Finwave | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
FundsIndia Vs Finwave - SEBI Charges
| FundsIndia | Finwave | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
FundsIndia Vs Finwave - Account Opening & AMC Charges
FundsIndia
Finwave
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200 /-(Service Tax) 2nd Year onwards
1st Plan- ₹160 Yearly | 2nd Plan- ₹999 Onetime | 3rd Plan- ₹100 Yearly
Trading Account AMC
N/A
1st Plan- ₹160 Yearly | 2nd Plan- ₹0 (Free) | 3rd Plan- ₹100 Yearly
FundsIndia Vs Finwave
| FundsIndia | Finwave | |
|---|---|---|
FundsIndia Review 2024FundsIndia is an online investment brokerage platform that was incorporated in the year 2009 by Fundsindia founders C.R. Chandrasekar and Srikanth Meenakshi, who completed their education at the University of Hyderabad. FundsIndia is India’s friendliest online-only investm .. + " Vs "+ Finwave |
Finwave Account Opening Process and Charges Details |
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Finwave
Finwave Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
FundsIndia Vs Finwave - Brokerage charges & Plans
| FundsIndia | Finwave | |
|---|---|---|
| Commodity Futures | N/A | ₹20 per order |
| Currency Futures | N/A | ₹20 per order |
| Equity Delivery | 0.01% | ₹20 per order |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Commodity Options | N/A | ₹20 per order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Currency Options | N/A | ₹20 per order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Call Back Open Account |
FundsIndia Vs Finwave - Margin (Exposure)
| FundsIndia | Finwave | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure)) |
| Call Back Open Account |
FundsIndia Vs Finwave - Other Charges
| FundsIndia | Finwave | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹20/Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20 per order |
FundsIndia Vs Finwave - STT/CTT
| FundsIndia | Finwave | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | 0.025% on the sell side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on sell side |
| Commodity Options | N/A | 0.05% on sell side |
FundsIndia Vs Finwave - Demat transaction charges
| FundsIndia | Finwave | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | ₹18.5 + GST per scrip |
FundsIndia Vs Finwave - GST
| FundsIndia | Finwave | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
FundsIndia Vs Finwave - SEBI Charges
| FundsIndia | Finwave | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
FundsIndia Vs Finwave - Features
| FundsIndia | Finwave | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. Finwave Trade, 2. Finwave Web Trade, 3. Finwave Best Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |