Is Finvasia better than Zerodha for new traders as it is zero brokerage?
Anyone using both finvasia and zerodha, please suggest.
Has anyone switched to Finvasia from Zerodha?
In the initial period, new traders losses are increased due to brokerage costs. Finvasia seems excellent option.
This comparison is very useful:
May be zerodha can reduce the charges further.
By the way, when we buy or sell, brokers get money from both buyer and sellers. So, they get to charge on buy, sell, buy, sell from both buyer and seller !!
No matter traders make profit or loss , brokers get very good money !! It is best to be a broker than a trader even though brokers so painful in any field !
But they charge Zero brokerage.
This was general remark for any trade with low cost broker( Rs 20 per order). You can only save that Rs 20 per order in Finvasia
1.) Finvasia is good for Intraday Trading particularly.
2.) Bracket Order is also given there.
3.) Their chat support is excellent.
4.) Back Office is not upto the mark.
5.) Trading Platform is also not good.
P.S. Zerodha was started by a person (Nithin Kamath) who was a trader himself for almost a decade. All other brokerage houses will always be two steps behind him in everything related to trading/investing.
Curious to know since it provides all of its services free of cost (almost) specially the trading, still has very less user base comparative to Zerodha?
Still fivesia’s free of cost model relevant?
Is it safe to work with finvasia (Shoonya)?
I asked this question because to trade in Zerodha the move in your direction should be more than 50 rs (40 rs for brokerage and 10 for various charges).
This makes very difficult to take advantage of fluctuations.
In finvesia, we can play for these small moves as well as it offers free of cost trading.
Finvasia for setting mind right, zerodha for life
You will get by experience… brokerage will not matter much…
Finvasia has relatively higher margins (5-8%) and haircut is also (5-10%) more
Brokerages tend to add up gradually, and well for people who mind brokerages but care trading with a reliable broker/platform, try Espresso. Zero brokerages on 1 leg of your losing trades.
Other features of Espresso which I like:
Bracket orders : espresso has a unique bracket order which they call MIS+. This doesn’t slice orders into different suborders. You have a unique child order and a parent order.
Espresso’s desktop terminal– Binge.
Espresso charts has accurate bar prints. Fyers has also good bar prints. But Espresso has seen some better days. If you rely on colour of charts for trading, this is critical for decision making.
Instant fund withdrawal. You can add funds the same day, and withdraw the same day and credit the same day.
and most important – reliability. I trade the morning session and orders are at times placed as early as 9:17. I have come across 2 recent glitches with espresso so far. 21st – 22nd Aug 2023. Glitches equals where you cannot modify orders or exit. But it was soon resolved within an hour – 9:30-10:30.
I have seen worst glitches with Z.
- We rarely need customer support but their live chat is always handy if you need to ask a real person not a bot.
And I have traded SASONLINE, UPSTOX, ZERODHA, ALICEBLUE , FINVASIA , DHAN. But I have seen better days with Espresso.