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Aditya Birla Money Vs Finvasia – Share Brokers Comparison
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Aditya Birla Money Vs Finvasia
Here is a point by point comparison of Aditya Birla Money Vs Finvasia. Aditya Birla Money is part of Aditya Birla Group and is spread across 800 branches and franshises in the country. It is known for its free call and trade facility apart from reasonable brokerage charges. This full service broker has its headquarters in Chennai.
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.
Discount brokers such as Finvasia offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as Aditya Birla Money will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody 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 Aditya Birla Money 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
 |  | |
| Aditya Birla Money Review | Finvasia Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1994 | 2013 |
| Number of branches across India | 800 | 1 |
| Exchanges | NSE, BSE, MSEI, MCX and NCDEX | NSE, BSE, MCX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹750 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | Aditya Birla Money Transaction Charges | Finvasia Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | ₹149 per month per segment |
| Intraday Delivery | 0.03% | ₹149 per month per segment |
| Equity Futures | 0.03% | ₹149 per month per segment |
| Equity Options | ₹50 per lot | ₹149 per month per segment |
| Currency Futures | 0.03% | ₹149 per month per segment |
| Currency Options | ₹20 per lot | ₹149 per month per segment |
| Commodity | 0.03% | ₹149 per month per segment |
| Brokerage Calculator | Aditya Birla Money Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | 15 times for Intraday and 5 times for Delivery | Upto 10 times for Intraday |
| Equity Futures | 3 times for Intraday | Upto 2 times |
| Equity Options | NA | NA |
| Currency Futures | NA | NA |
| Currency Options | 3 times for Intraday | NA |
| Commodities | 2 times for Intraday | Upto 2 times |
| 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) | Express Trade, ETrade, Advanced Web, Mobile Invest | NOW, Nest, AMI Broker, Presto, Blitz |
| Total BSE+NSE Complaints | 55 | 4 |
| OVERALL RATING |  |  |
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Aditya Birla Money Vs Finvasia
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