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LKP Securities Vs Finvasia – Share Brokers Comparison
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LKP Securities Vs Finvasia
Here is a point by point comparison of LKP Securities Vs Finvasia. LKP Securities is a full service stock broker based out of Mumbai and has presence in more than 2300 locations across 200 cities of India. Started as a securities brokerage house in 1948, LKP Securities is a listed public company that posted a networth of ₹158 Crore for the FY 2016-17.
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. Full service brokers such as LKP Securities 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 LKP Securities 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
 |  | |
| LKP Securities Review | Finvasia Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1948 | 2013 |
| Number of branches across India | 17 | 1 |
| Exchanges | NSE, BSE, MCX & MSEI | NSE, BSE, MCX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹250 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹200 | ₹0 |
| Transaction Charges | LKP Securities Transaction Charges | Finvasia Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | ₹149 per month per segment |
| Intraday Delivery | 0.01% | ₹149 per month per segment |
| Equity Futures | 0.01% | ₹149 per month per segment |
| Equity Options | ₹10 per lot | ₹149 per month per segment |
| Currency Futures | 0.007% | ₹149 per month per segment |
| Currency Options | ₹10 per lot | ₹149 per month per segment |
| Commodity | 0.01% | ₹149 per month per segment |
| Brokerage Calculator | LKP Securities Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday 4 times, Carry forward 1 time | Upto 10 times for Intraday |
| Equity Futures | Upto 2 times Intraday | Upto 2 times |
| Equity Options | Buying No Margin, Shorting upto 2 times for Intraday | NA |
| Currency Futures | Upto 1.5 times Intraday | NA |
| Currency Options | Upto 2 times Intraday | NA |
| Commodities | Upto 2 times 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) | LKP Blue, Trade Smart LKP Mobile App, LKP Boss | NOW, Nest, AMI Broker, Presto, Blitz |
| Total BSE+NSE Complaints | 32 | 4 |
| 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 LKP Securities Vs Finvasia for the benefits of other readers. Please feel free to share in the comments below.
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LKP Securities Vs Finvasia
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