Looking for Low Brokerage, High Margin & Free Tips?
Trade Plus Online Vs Finvasia – Indian Share Brokers Comparison
| | Broker Comparison, Trading | No Comments
Trade Plus Online Vs Finvasia
Here is a point by point comparison of Trade Plus Online Vs Finvasia. Finvasia is a discount broker launched in 2013 with a unique proposition of zero brokerage charges on trading. The broker charges its clients on the basis of the trading platform(s) subscribed to. Based out of Chandigarh, Finvasia allows to trade in Equity, Commodity and Derivatives and not in currency.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Everything about discount brokers such as Finvasia and Trade Plus Online is internet based, be it – customer service, trading, account opening and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Trade Plus Online Vs Finvasia to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Finvasia Review | Trade Plus Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2013 | 1995 |
| Number of branches across India | 1 | 300 |
| Exchanges | NSE, BSE, MCX | NSE, BSE, MCX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | Finvasia Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹149 per month per segment | 0.1% |
| Intraday Delivery | ₹149 per month per segment | 0.01% |
| Equity Futures | ₹149 per month per segment | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹149 per month per segment | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹149 per month per segment | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹149 per month per segment | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | ₹149 per month per segment | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Brokerage Calculator | TradePlus Online Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 2 times | NA |
| Equity Options | NA | Upto 2 times for Intraday |
| Currency Futures | NA | NA |
| Currency Options | NA | Upto 2 times for Intraday |
| Commodities | Upto 2 times | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | |  |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | NOW, Nest, AMI Broker, Presto, Blitz | Nest On Web, Infini Trader, TradPlus Mobile |
| Total BSE+NSE Complaints | 4 | 140 |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Trade Plus Online Vs Finvasia for the benefits of other readers. Please feel free to share in the comments below.
Check out more comparisons here.
In case you are looking to open a Demat account, get started by entering basic details below:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Trade Plus Online Vs Finvasia
Overall Rating
