Finvasia is a zero commission broker and as far as I know they are the first ones to bring a zero brokerage model in India. Not just that they also provide good services to their customers which is why they have earned a pretty good client base over the course of time.
I think it would make more sense to review them on the basis of three most important things that traders are usually interested in: trading costs, platform and customer service.
Trading costs: Finvasia has the most competitive fees compared to other brokers. They not only charge 0 brokerage but the AMC, account opening fee, clearing fee, Call & trade charges are also nil. If we look at the dp charges, then they charge Rs. 9 +gst which too is quite low.
Trading platform: Finvasia offers an efficient trading platform called Shoonya where users can trade in stocks as well as futures and options. Their platform is quite intuitive and has 100+ technical indicators, over 15 screeners and multiple chart types. One can place advanced orders like basket orders, GTT orders, BO and CO from this platform. They also have a mobile trading app which is very user-friendly. One thing that I like the most is that they also provide a Guest login feature, so before actually signing up with them traders can have a glance at the features and the interface.
Customer Care: Finvasia offers different ways to connect with them in case you need assistance, which include live chat, helpline number and email. They also have an in-house client portal called PRISM where you can leave a query or raise an online ticket. I usually contact them through live chat support and have always gotten a quick response.
Finvasia is also a good choice for those interested in automated trading. They offer a free of cost shoonya api as well as support various algo platforms like Tradetron, Algoji. Therefore, if you don’t need trading or investment tips from your broker and want to reduce your trading costs significantly, it’s an apt choice. But I would heavily insist on doing your own research before coming to a final decision.
All the best!
