Finvasia

[Finvasia]

Dear Finvasia, if CCA account is not allowed can't you guys continue to take shares in brokers pool account ending with 47 like before CCA account 53 came for delivery selling? eDIS looks almost uncertain when your team can't even update an app.

Hi @2021! Unfortunately this is not possible. Shares cannot be transferred to Pool account without settlement instructions. Without POA we would not be able to transfer shares from client’s Demat account to Pool account. Thanks

 

[Finvasia]

@Finvasia I transferred a scrip from my demat to your CCA . I sold the same scrip as MIS limit order and at the end it was auto squared off and bought back. Is it necessary to square off from the holding so that it is out from my holding ? Or i should have sold them as CNC instead of MIS ?

Hi @cybersurfer! You need to use CNC for selling shares from your Demat or CCA account. MIS is for intraday trading only. Thanks

 

[aditya007374]

Can we trust Finvasia ? Without charging single rupee, they are providing zero brokerage. Will it become like Karvy ?

Karvy wasn't free. I bet it wasn't cost-competitive even other players too. So, They weren't free. Charges were quite healthy so why don't your genius explain why that failed? LOL

 

[Finvasia]

@Finvasia, Your margin requirements in MIS equity and futures is double than Zerodha. For writing 2 lots of nifty options in MIS mode you ask 140,000 and Zerodha ask only 72,000. Same problem with MIS trades in equity also. This makes very difficult to trade with you. Can you please explain.

Hi @skn! We offer 2X margin. Currently for 2 lots, Options selling exchange margin is 2,80,000. Accordingly margins are required. Please note as per recent SEBI circulars, in near future, broker would not be able to offer any additional intraday margin even in derivatives. Similarly in equity segment, the margin is based on VAR+ELM. Thanks

 

[Ganesh_M]

Karvy wasn't free. I bet it wasn't cost-competitive even other players too. So, They weren't free. Charges were quite healthy so why don't your genius explain why that failed? LOL

So how they are earning income ? in nseindia , brokers list finvasia not showing ?
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2013_14.htm

 

[bpr]

So how they are earning income ? in nseindia , brokers list finvasia not showing ?
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2013_14.htm

that link is old for 2013-14 year probbably finvasia did not exist
here is the latest link
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2020_21.htm

btw the link is not broker list ...but compaints against broker ...so if a broker does not have a single complaint will not come under the list ...
there is another link in nse which you can use to validate nse membership
https://www1.nseindia.com/membership/dynaContent/find_a_broker.htm

 

[Ganesh_M]

that link is old for 2013-14 year probbably finvasia did not exist
here is the latest link
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2020_21.htm

btw the link is not broker list ...but compaints against broker ...so if a broker does not have a single complaint will not come under the list ...
there is another link in nse which you can use to validate nse membership
https://www1.nseindia.com/membership/dynaContent/find_a_broker.htm

So Can I trust ? Can I move my whole funds to finvasia ?

 

[icytrader]

I had contacted customer care 5 days ago regarding an issues I am facing:

1) I cannot open any MCX Futures contracts Nest Plus charts. All I get is a grey screen in Nest for both the mcx chart and data table.
I can add and see the MCX scrips in Marketwatch, no issues. Even VWAP works but nest plus doesn't work on MCX segment for me.

Could you please look into it and give me a call back I will pm you my alternate number since my main number is having issues with incoming calls.

 

[Finvasia]

I had contacted customer care 5 days ago regarding an issues I am facing:

1) I cannot open any MCX Futures contracts Nest Plus charts. All I get is a grey screen in Nest for both the mcx chart and data table.
I can add and see the MCX scrips in Marketwatch, no issues. Even VWAP works but nest plus doesn't work on MCX segment for me.

Could you please look into it and give me a call back I will pm you my alternate number since my main number is having issues with incoming calls.

Hi @icytrader! We’ll have someone from the team get in touch. Regards

 

[aditya007374]

So how they are earning income ? in nseindia , brokers list finvasia not showing ?
https://www1.nseindia.com/invest/content/arbitration_reports/report_1c_2013_14.htm

They don't charge brokerage which is no big deal(20 bucks on each leg of a trade is hardly anything).
That being said they do charge other things like transaction fees just like zerodha.

Ps; there is no need for you to come to this thread with can I trust? Don't trust! Go away!