Finvasia

[TradeOptions]

Finvasia, Welcome to the Traderji Forum.

Please do not mind the initial few posts, and do not get a wrong impression about the whole Traderji Community based on that. All these doubts got raised in an abrupt manner, because these are very natural DOUBTS which would come up into any traders mind, seeing absolutely zero brokerage, which is really hard to believe. Because everyone knows broker is not for charity in this business, they must earn profits, otherwise they will shut shop sooner or later.

If you are honest and really have a proper game plan and are genuinely offering these features at zero cost, then there is going to be a Big DHAMAKA in the Indian Brokerage Business for sure. Slowly and slowly, more and more people will come to know about you and many of them might find you worthy of signing up.

Please clarify all the above doubts in genuine manner, so that the same questions do not keep on being asked to you on a daily basis. And please remember that traderji is the Biggest Online Community of Indian Traders. If you could handle this thread professionally, then you can get a thousand+ subscribers from traderji alone. Just look at the zerodha threads, how they started here and see their status now.

There could be a few guys from competing broker houses as well, who would try their best to spoil this thread, but traderji community is wise enough to judge that. So please do not be too bothered about this issue. All other broker threads also face such issues, to some extent or the other, so you are not the only one.

Wish you a great success in this business.

With Best Regards from traderji community.

 

[TradeOptions]

And I forget to mention, please pay special attention to bpr posts. Because he is our main research guy, who keeps a tab on the best offers from discount brokers. A lot of members have benefited immensely from the hard work he has done, for comparing different brokers and putting all that information in single excel sheet. Lots of members use that excel sheet, whenever they are thinking about changing over to other brokers, for some reason.

Thanks to bpr brother, for his hard work in this direction. A very big help for the whole traderji community. :clap::clapping:

Best Regards

 

[timepass]

1) Hello Finvasia, Welcome to Traderji and thanks for your participation.

2) Becoming a clearing member of the exchange would cost you and also entail some continuing fee. Also, if today's email servers become paid services tomorrow, it will mean higher costs for you. So will the brokerage charges increase?

3) Bracket orders are not currently available.

4) The point made by another member here is valid. Why charge for NEST trader ? It is given free by all the other brokers.


Hope you will continue active participation here.

 

[iTrade]

Finally, welcome to traderji. I already have a account with you guys.

I want to know
1. When are you going to support trading in BSE?
2. When are you going to support your own DMAT account rather than having it with a third party?
3. By 500% margin do you mean 5x? For intraday other brokers are offering 15x and 20x. What are the chances to increase this margin/leverage for intraday?

 

[travi]

Dear TJ Investors,
Before we discuss the launch date, let us throw some light on what ScalperT is?
...Team Finvasia

1. Reading your post, really thought the launch date or some timeline guidance would have been made available.
2. Even the website does not throw a little light on what ScalperT is.
Even for Beta access after registering, a few points on what it would be much appreciated.

 

[Finvasia]

Can you reply

Why you are charging for NestTrader, when other brokers are providing it for free.

Dear Niftyaajkal,

Kindly note that NEST is a third party software sold by Omnesys (now owned by Reuters). For us to be able to offer this software to our clients, we have to pay Omnesys a license fees. Omnesys charges a per segment per user fees to us and we pass the license cost for NEST as is to our clients.

Other brokers offer it for free because they more than make up for its cost by the brokerage they charge, but in case of Finvasia, we dont charge any brokerage so we have to pass this cost to our clients.

If you would like to use a free trading software, we would recommend that you opt for NOW. Its a software directly provided by NSE and hence is free of cost to the brokers.

NOW allows you to trade via desktop application, it also has a web trader and a mobile trader. You can get all three for Free when you open an account with Finvasia.

Many Thanks

Team Finvasia

 

[Finvasia]

1) Hello Finvasia, Welcome to Traderji and thanks for your participation.

2) Becoming a clearing member of the exchange would cost you and also entail some continuing fee. Also, if today's email servers become paid services tomorrow, it will mean higher costs for you. So will the brokerage charges increase?

Dear timepass

Becoming a clearing member is a part of our service focusing on our business from FPI clients. Please note that we had been investing in India as an FII since 2010 and we also service other FPI's as a business.

The reference we made to the email and whatsapp was a proverbial one. We have no relationship to the cost of sending an email.

3) Bracket orders are not currently available.

We plan to offer bracket orders with the launch of Scalpert, which should be before the end of this fiscal year.

4) The point made by another member here is valid. Why charge for NEST trader ? It is given free by all the other brokers.

.

Please note that NEST is third party software provided by Thomson Reuters (previously Omnesys). Hence, it’s pass though cost. Other brokers charge a brokerage fees and hence are able to cover this cost via the brokerage that they earn but in case of Finvasia, we dont charge any brokerage hence we have to pass this cost to our traders.

If you would like to avoid software charges, please consider using NOW as its a software that we get from NSE and we can give it to our clients for Zero charges. Its available in desktop, web and mobile version.

Many Thanks

Team Finvasia

 

[Snake.Head]

@Finvasia
As you guys working new backoffice
Have Tax P&L report in it
Check those option by those brokers two Link 1 and link 2

In both link scroll down to Tax P&L Reports sections

 

[Snake.Head]

What is you scalability plan for your infrastructure or platform ?

Because soon you will face these problem.

I think they already facing this issue
Nest stop updating quotes and delayed few quotes happens most of day

I have compared this with RKSV nest
Both settings in RKVS/Finvasia Nest are same

Time set as exchange last feed below

Time set as System date and time below

p.s my Internet is working fine :lol:

 

[niftyaajkal]

Dear Niftyaajkal,

Kindly note that NEST is a third party software sold by Omnesys (now owned by Reuters). For us to be able to offer this software to our clients, we have to pay Omnesys a license fees. Omnesys charges a per segment per user fees to us and we pass the license cost for NEST as is to our clients.

Other brokers offer it for free because they more than make up for its cost by the brokerage they charge, but in case of Finvasia, we dont charge any brokerage so we have to pass this cost to our clients.

If you would like to use a free trading software, we would recommend that you opt for NOW. Its a software directly provided by NSE and hence is free of cost to the brokers.

NOW allows you to trade via desktop application, it also has a web trader and a mobile trader. You can get all three for Free when you open an account with Finvasia.

Many Thanks

Team Finvasia

Thanks for detailed reply
But then how you will accommodate MCX traders. As one can not trade MCX in NOW. Any free trading software for MCX trading.

BTW, what are/will be your charges for Scalpert.