Read soo many questions here on FANVASIA. Felt like a good platform it is!
I found one root cause of thinking your platform is not good.
"Real free charge trading"
I know the ower has started this platform for a good purpose by giving 0 brokerages on all, but you need to understand that this is where doubts come.
You also don't tell what are your total expenses and what are total earnings to see what is your financial status. That creates doubt in people's mind that they might be selling our data or recording the positions retail traders take and doing something out of them and many more.
But, a better solution is to charge Rs1/ trade, people will not mind paying such the lowest fee and it will satisfy them that at least they are earning something and they will not run.
This will help to upgrade your services too, Rs1/trade on all is also treated as 0 fees for retail traders like me.
The reason even after giving soooo many good things, is that Finvasia doesn't come in the top 10 brokers according to clients' base? Even Zerodha become 1st by saying 0 brokerages on equity. But see you are giving 0 on all, still so lack because the world works on personal benefits system. Zerodha, upstox, etc gave money or % share of brokerage to those who promote their them.
But as you have 0 brokerages then what will you give to others when people question on your existence.
So the solution is charge 1 or 2rs /trade on all segments and give 25% to 50% what ever suits you to the person who promote you.
Then see, i can guarantee zerodha / upstox, angle, etc will be nothing in front of you.
I trade only 1 banknifty lot, but if you charge me rs10 max (buy and sell) of 1 order then i have no problem. And i think no one will have. Just keep equity free, and put the fee of 1 to 10 per order in f&o and currencies
I found one root cause of thinking your platform is not good.
"Real free charge trading"
I know the ower has started this platform for a good purpose by giving 0 brokerages on all, but you need to understand that this is where doubts come.
You also don't tell what are your total expenses and what are total earnings to see what is your financial status. That creates doubt in people's mind that they might be selling our data or recording the positions retail traders take and doing something out of them and many more.
But, a better solution is to charge Rs1/ trade, people will not mind paying such the lowest fee and it will satisfy them that at least they are earning something and they will not run.
This will help to upgrade your services too, Rs1/trade on all is also treated as 0 fees for retail traders like me.
The reason even after giving soooo many good things, is that Finvasia doesn't come in the top 10 brokers according to clients' base? Even Zerodha become 1st by saying 0 brokerages on equity. But see you are giving 0 on all, still so lack because the world works on personal benefits system. Zerodha, upstox, etc gave money or % share of brokerage to those who promote their them.
But as you have 0 brokerages then what will you give to others when people question on your existence.
So the solution is charge 1 or 2rs /trade on all segments and give 25% to 50% what ever suits you to the person who promote you.
Then see, i can guarantee zerodha / upstox, angle, etc will be nothing in front of you.
I trade only 1 banknifty lot, but if you charge me rs10 max (buy and sell) of 1 order then i have no problem. And i think no one will have. Just keep equity free, and put the fee of 1 to 10 per order in f&o and currencies