Finvasia

[josh1]

I used their NOW for some time. RTD is not able to capture their market watch - NOW 1.13.3. So I told them to shift to Nest Trader. If that is also not captured, then I may have to move to another broker.

 

[TraderRavi]

Hi finvasia , above is a snapshot from PRISM. can you explain about this POA thing? what are these charges ?


.

 

[Finvasia]

View attachment 29597

Hi finvasia , above is a snapshot from PRISM. can you explain about this POA thing? what are these charges ?

Hi TraderRavi,

POA is an alternative service in CDSL DP which allows transfer of shares from your Demat account to Broker’s Beneficiary and/or Pool account without sending DIS slip. This is an ease of transfer in case you have shares lying in your DP. Once you have sold the shares, we can auto transfer shares to our Pool account on the settlement day. Also, since POA shall be activated, you can view the shares lying in your DP account in your trading terminal to sell. In this process, we shall send you a physical POA (including stamp paper) to sign and send us back the original to enable the service.

Thanks

 

[mbhardwaj82]

I used their NOW for some time. RTD is not able to capture their market watch - NOW 1.13.3. So I told them to shift to Nest Trader. If that is also not captured, then I may have to move to another broker.

I think RTD to Excel is available in NEST.

 

[josh1]

I think RTD to Excel is available in NEST.

Their Nest 3.16 is working well. RTD_1.60 can capture its market watch so backfill is also working.

 

[Finvasia]

Dear TJ Members,

We are glad to inform that Finvasia has received approval to merge its MCX membership with the Capital Market Membership under a single entity. This will allow our clients to trade on commodity and equity exchanges (namely NSE and BSE) from a single trading account.

This unified trading account will allow our clients to share a single financial balance for all exchanges and will allow a real time margin sharing between the exchanges they wish to trade on. For example, clients will also be able to utilize all available margin in NSE towards trading in MCX after the capital markets close.

Please note that this change comes into effect on “5th November 2018”. To ensure that the transition is smooth, it is mandatory for clients to complete the formalities listed below on or before 31st Oct, 2018

1. Please log in to PRISM and click “CONSENT LETTER” button located towards top centre of the webpage.
2. On the next page you will be asked to review the information and click “SUBMIT”.
3. Once you submit, you will be required to Esign the consent letter using Aadhaar. In case you don’t have Aadhaar or do not wish use it, kindly download and print the page and send us the original signed copy at our Chandigarh Corporate Office before 31th Oct 2018.
4. Once the consent letter is Esigned, you will receive a confirmation SMS from our side.

After we have received the Esigned or physical consent, we will take the following steps on 3rd Nov 2018 :

1. At the end of trading day of 2nd Nov 2018, MCX will automatically transfer all your open positions from Finvasia India Pvt Ltd to Finvasia Securities Pvt Ltd
2. And, a the same time, all your available balance in Finvasia India Pvt Ltd will be transferred to your trading account in Finvasia Securities Pvt Ltd

In case you do not Esign or send a physical consent letter on or before 31st Oct 2018 :

• You will be asked to close your open positions, if any before EOD 2nd Nov 2018 and you will not be able carry on any positions post 2nd of Nov. In these particular cases, where we do not receive the consent letter, we shall be refunding all your final balance back to your designated bank accounts on 3rd Nov 2018 since your account at Finvasia India Pvt Ltd will be closed.
  
  
• And if you miss the deadline to submit a consent letter, you will be required to open a new trading account in MCX with Finvasia Securities Pvt Ltd after 5th Nov 2018 to begin trading in MCX. Please note that there be no effect to your NSE, BSE positions and balances in Finvasia Securities Pvt Ltd.

Furthermore, we’d also like to announce that Finvasia has received NCDEX membership and we will be extending our zero brokerage services to all clients who wish to trade on the NCDEX exchange. Just like MCX, you will be able to share your entire ledger balance with NCDEX and vice versa. Clients will be able to open an account on NCDEX after 5th November with Finvasia Securities Pvt Ltd.

You will be able to trade on all exchanges NSE, BSE, MCX & NCDEX from a single trading account 5th November onwards.

We hope these changes will prove beneficial to all our clients and will further reduce compliance and operational issues.

In case of any query, please reach your RM, Client Support or our Live Chat agents.

Thanks, FINVASIA

 

[monkeybusiness]

Dear TJ Members,

We are glad to inform that Finvasia has received approval to merge its MCX membership with the Capital Market Membership under a single entity. This will allow our clients to trade on commodity and equity exchanges (namely NSE and BSE) from a single trading account.

This unified trading account will allow our clients to share a single financial balance for all exchanges and will allow a real time margin sharing between the exchanges they wish to trade on. For example, clients will also be able to utilize all available margin in NSE towards trading in MCX after the capital markets close.

Please note that this change comes into effect on “5th November 2018”. To ensure that the transition is smooth, it is mandatory for clients to complete the formalities listed below on or before 31st Oct, 2018

1. Please log in to PRISM and click “CONSENT LETTER” button located towards top centre of the webpage.
2. On the next page you will be asked to review the information and click “SUBMIT”.
3. Once you submit, you will be required to Esign the consent letter using Aadhaar. In case you don’t have Aadhaar or do not wish use it, kindly download and print the page and send us the original signed copy at our Chandigarh Corporate Office before 31th Oct 2018.
4. Once the consent letter is Esigned, you will receive a confirmation SMS from our side.

After we have received the Esigned or physical consent, we will take the following steps on 3rd Nov 2018 :

1. At the end of trading day of 2nd Nov 2018, MCX will automatically transfer all your open positions from Finvasia India Pvt Ltd to Finvasia Securities Pvt Ltd
2. And, a the same time, all your available balance in Finvasia India Pvt Ltd will be transferred to your trading account in Finvasia Securities Pvt Ltd

In case you do not Esign or send a physical consent letter on or before 31st Oct 2018 :

• You will be asked to close your open positions, if any before EOD 2nd Nov 2018 and you will not be able carry on any positions post 2nd of Nov. In these particular cases, where we do not receive the consent letter, we shall be refunding all your final balance back to your designated bank accounts on 3rd Nov 2018 since your account at Finvasia India Pvt Ltd will be closed.
  
  
• And if you miss the deadline to submit a consent letter, you will be required to open a new trading account in MCX with Finvasia Securities Pvt Ltd after 5th Nov 2018 to begin trading in MCX. Please note that there be no effect to your NSE, BSE positions and balances in Finvasia Securities Pvt Ltd.

Furthermore, we’d also like to announce that Finvasia has received NCDEX membership and we will be extending our zero brokerage services to all clients who wish to trade on the NCDEX exchange. Just like MCX, you will be able to share your entire ledger balance with NCDEX and vice versa. Clients will be able to open an account on NCDEX after 5th November with Finvasia Securities Pvt Ltd.

You will be able to trade on all exchanges NSE, BSE, MCX & NCDEX from a single trading account 5th November onwards.

We hope these changes will prove beneficial to all our clients and will further reduce compliance and operational issues.

In case of any query, please reach your RM, Client Support or our Live Chat agents.

Thanks, FINVASIA

That's Good news,
will open account after 5th Nov.

 

[timepass]

Yes, very good news.

Well done, Finvasia

 

[TraderRavi]

Done. But my commodity account need to be reactivated.

 

[curiousv]

There is a broker named Robinhood in United states. They don't charge any brokerage but in their disclosure to govt. agency they declared that they are selling clients order to high frequency trading firms and they get paid for that.

So how do we know brokers like finvasia are not doing the same.

In comparison to USA , India is not as strict about disclosures so I assume they are doing the same?