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Finvasia in India — review, licence and costs
Score (5 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%20
- Round-turn cost20%100
- Safety20%no data
- Track record10%95
- Platforms10%25
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- of Finvasia Securities Pvt Ltd
- Founded
- 2007
- Round turn
- 4 USDIN
- Currencies
- INR only.
- Swap-free account
- no
Licence check
Open an account with FinvasiaThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- of Finvasia Securities Pvt Ltd
- Local standing
- Domestically regulated: SEBI-registered stockbroker (real INR equities/F&O/commodities). Not offshore for IN.
- Licence as the register states it
- Finvasia Securities Pvt Ltd — SEBI Reg. INZ000176037; member NSE (14846), BSE (4043), MCX (55135), NCDEX (01259); CDSL depository participant.
- Leverage for this entity
- Exchange/SEBI margin rules only (no CFD-style high leverage); intraday per SEBI peak-margin norms.
- The firm behind it
- Finvasia group, Chandigarh, India; owns Fxview (global CFD brand), Shoonya (India), ZuluTrade; MT4/MT5.
- What we hold against it
- Shoonya well-regarded in India for low cost; removal of full zero-brokerage in Dec 2024 drew user criticism. Reputable SEBI member.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Exchange/SEBI margin rules only (no CFD-style high leverage); intraday per SEBI peak-margin norms.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youDomestically regulated: SEBI-registered stockbroker (real INR equities/F&O/commodities). Not offshore for IN.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Shoonya Demat + Trading account, single all-segment account. eKYC, activation ~24-48h. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Finvasia sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 4 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(2 methods)
| Method | Deposit, h | Fee, USD | Min, USD |
|---|---|---|---|
| UPI | 24 | 0 | 50 |
| NEFT bank transfer | 24 | 0 | 50 |
Deposit and withdrawal methods (2 methods · 2 local)
UPI, Indian net-banking, IMPS/NEFT bank transfer.
- UPIlocal
- NEFT bank transferlocal
- Account currency
- INR only.
- Fee declared
- 2 of 2 methods
- Withdrawal back to
- the funding method
Where it does not serve(14 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- Shoonya web/mobile app
- Shoonya API
- NEST
- MT5
| Class | Count |
|---|---|
| Shoonya web/mobile app | — |
| Shoonya API | — |
| NEST | — |
| MT5 | — |
| Forex pairs | 70+ |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
Pros and cons(4 for and 3 against, each tied to a figure on this page)
- Round turn 4 USD on the raw + commission basis, under the India median 7
- Locally authorised, licence INZ000176037, read on 09.07.2026
- Round-turn cost 100 of 100, its strongest of 5 scored axes
- 4 platforms: Shoonya web/mobile app, Shoonya API, NEST, MT5
- Withdrawal time not published
- Reviews 20 of 100, its weakest of 5 scored axes
- Not scored on payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #48
- Round turn, USD
- 3IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #9
- Round turn, USD
- 4.5IN
- Min deposit, USD
- 0IN
- Leverage
- 500IN
- Rank in this country
- #3
- Round turn, USD
- 3.1IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 2000IN
- Rank in this country
- #43
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Finvasia |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 20 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 95 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 25 |
FAQ
- Does Finvasia accept residents of India?
- Yes. Domestically regulated: SEBI-registered stockbroker (real INR equities/F&O/commodities). Not offshore for IN. Onboarding entity: of Finvasia Securities Pvt Ltd
- Is Finvasia licensed to serve clients in India?
- Finvasia Securities Pvt Ltd — SEBI Reg. INZ000176037; member NSE (14846), BSE (4043), MCX (55135), NCDEX (01259); CDSL depository participant. Checked on 09.07.2026.
- How much does one round turn cost at Finvasia?
- About 4.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- Which trading platforms does Finvasia support?
- Shoonya web/mobile app, Shoonya API, NEST, MT5. Instruments: Equities (delivery/intraday), F&O, currency, commodities (MCX/NCDEX), mutual funds/SIP, bonds, ETFs — real exchange-traded, not CFDs.
- How can I withdraw money from Finvasia in India?
- UPI, Indian net-banking, IMPS/NEFT bank transfer.
- What account types does Finvasia offer?
- Shoonya Demat + Trading account; single all-segment account. eKYC, activation ~24-48h.
- Does Finvasia offer a swap-free (Islamic) account?
- No. Finvasia publishes no swap-free (Islamic) account for India.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.