Top Stock Advisory
Finvasia vs. Globe Capital
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Finvasia and Globe Capital. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Finvasia and Globe Capital.
Overview
Finvasia and Globe Capital are both public companies and Finvasia operates as a discount broker, while Globe Capital functions as a full service broker. Tajinder Pal Singh and Sarvjeet Singh co-founded Finvasia in 2013. And Globe Capital was founded in the year 1985 by Ashok Kumar Agarwal. Finvasia's headquarters are in Chandigarh and Globe Capital's headquarters are in New Delhi, Delhi.
Finvasia operates as a discount broker, while Globe Capital functions as a full service broker. Finvasia is registered in BSE, NSE, MCX, while Globe Capital is registered in NA. The total branches of Finvasia are 1 and the Globe Capital branches are Nil.
| Overview | Finvasia | Globe Capital |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | Chandigarh | New Delhi, Delhi |
| Founders | Tajinder Pal Singh and Sarvjeet Singh | Ashok Kumar Agarwal |
| Foundation Year | 2013 | 1985 |
| Supported Exchanges | BSE, NSE, MCX | NA |
| Total branches | 1 | Nil |
Finvasia and Globe Capital Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Finvasia charging Zero and Globe Capital charging Rs.750.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Finvasia Demat account is Zero and for the Globe Capital Demat account is Rs.450. The Trading AMC for Finvasia and Globe Capital is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Finvasia and Globe Capital is CDSL.
| Account Opening and Demat Charges | Finvasia | Globe Capital |
|---|---|---|
| Trading Account Opening Charges | Zero | Rs.750 |
| Demat AMC (Annual Maintenance Charges) | Zero | Rs.450 |
| Trading AMC (Annual Maintenance Charges) | Free | Zero |
| Margin Money | Zero | Rs.0 xe2x80x93 Rs.200,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Finvasia and Globe Capital Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Finvasia is 0.00%, while Globe Capital charges you 0.20%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Finvasia is 0.00% and for Globe Capital also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Finvasia charge 0.00% and Globe Capital charge 0.03% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Finvasia charges 0.05%, and Globe Capital charges Rs.50 per Lot.
| Equity Brokerage Charges | Finvasia | Globe Capital |
|---|---|---|
| Equity Delivery Brokerage | 0.00% | 0.20% |
| Equity Intraday Brokerage | 0.00% | 0.03% |
| Equity Futures Brokerage | 0.00% | 0.03% |
| Equity Options Brokerage | 0.05% | Rs.50 per Lot |
Finvasia and Globe Capital Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Finvasia is 0.00% and for Globe Capital is 0.03%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Finvasia charges 0.04% for currency options, whereas Finvasia charges Rs.20 per Lot.
| Currency Brokerage Charges | Finvasia | Globe Capital |
|---|---|---|
| Currency Futures Brokerage | 0.00% | 0.03% |
| Currency Options Brokerage | 0.04% | Rs.20 per Lot |
Finvasia and Globe Capital Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Finvasia charges 0.00% for commodity trading, while Globe Capital charges NA.
| Commodity Brokerage Charges | Finvasia | Globe Capital |
|---|---|---|
| Commodity Options Brokerage | 0.00% | NA |
Finvasia and Globe Capital Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Finvasia levies a minimum brokerage fee of Zero, while Globe Capital charges Percentage of Transacton brokerage fee.
Transaction Brokerage Charges: Finvasia levies a transaction brokerage charge of 0.00325%, while Globe Capital charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Finvasia is 0.00015% of Total Turnover and for Finvasia is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Finvasia are 0.025% of selling value, while for Globe Capital, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Finvasia charges Rs 0 and Globe Capital charges Nil.
| Other Brokerage Charges | Finvasia | Globe Capital |
|---|---|---|
| Minimum Brokerage Charges | Zero | Percentage of Transacton | Transaction Brokerage Charges | 0.00325% | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.00015% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.025% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | Rs 0 | Nil |
Finvasia and Globe Capital Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Finvasia is up to NA and by Globe Capital it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Finvasia is up to Upto 10x and by Globe Capital it is up to Upto 12x.
Equity Futures: Leverage for Equity Futures by Finvasia is up to Upto 2x and by Globe Capital it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Finvasia is up to NA and by Globe Capital also, it is up to Upto 6x.
| Equity Leverage | Finvasia | Globe Capital |
|---|---|---|
| Equity Delivery | NA | Upto 3x | Equity Intraday | Upto 10x | Upto 12x | Equity Futures | Upto 2x | Upto 3x | Equity Options | NA | Upto 6x |
Finvasia and Globe Capital Currency Leverage
The currency futures leverage provided by Finvasia is up to NA, while for Globe Capital it is up to Upto 2x.
The currency options leverage provided by Finvasia is up to NA, while for Globe Capital it is up to Upto 3x.
| Currency Leverage | Finvasia | Globe Capital |
|---|---|---|
| Currency Futures | NA | Upto 2x | Currency Options | NA | Upto 3x |
Finvasia and Globe Capital Commodity Leverage
The commodity leverage provided by Finvasia is up to Upto 2 times, while for Globe Capital it is up to Upto 5x.
| Commodity Leverage | Finvasia | Globe Capital |
|---|---|---|
| Commodity | Upto 2 times | Upto 5x |
Finvasia and Globe Capital Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Finvasia | Globe Capital |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | No | No | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Finvasia and Globe Capital Features
Equity Trading: Finvasia and Globe Capital brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Finvasia and Globe Capital also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Finvasia and Globe Capital broker is that you can also invest in IPOs. Finvasia also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Finvasia offers trading exposure of up to Upto 10x, while Globe Capital gives up to Upto 12x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Finvasia and Globe Capital, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Finvasia and Globe Capital also allow you to trade in forex trading.
| Features | Finvasia | Globe Capital |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 12x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Finvasia and Globe Capital Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Finvasia and Globe Capital offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Finvasia | Globe Capital |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | No | Yes |
| IPO Reports | No | No |
| Top Picks | Yes | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | No |
| Weekly reports | No | No |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Finvasia and Globe Capital Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Finvasia and Globe Capital offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Finvasia | Globe Capital |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Finvasia and Globe Capital Mobile Trading Platforms
Finvasia and Globe Capital offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Finvasia | Globe Capital |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Finvasia and Globe Capital Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Finvasia and Globe Capital give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Finvasia | Globe Capital |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 55 |
Finvasia and Globe Capital Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Finvasia and Globe Capital registered and resolved complaints.
For Finvasia, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 82.80 %.
For Globe Capital, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Finvasia is better than Globe Capital in case of resolving customer complaints.
| BSE Complaints | Finvasia | Globe Capital |
|---|---|---|
| BSE Complaints | 0 | 34 |
| BSE Resolved Complaints | 0 | 34 |
| Percentage of resolved BSE complaints | NaN % | 100.00 % |
| NSE Complaints | 93 | 49 |
| NSE Resolved Complaints | 77 | 49 |
| Percentage of resolved NSE complaints | 82.80 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 100.00 % |
Frequently Asked Questions
Is Finvasia better than Globe Capital?
Finvasia is a discount broker and Globe Capital is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Globe Capital better than Finvasia?
Globe Capital is a full service broker and Finvasia is a discount broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Finvasia and Globe Capital?
The brokerage charges for Finvasia are on the cheaper side since it is a discount broker, while Globe Capital is a full-service broker. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Finvasia and Globe Capital?
To figure out which of the two stockbrokers, Finvasia and Globe Capital, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Finvasia with other stock brokers
Visit the following pages to see a detailed comparision report of Finvasia with other brokerage firms.
Compare Globe Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Globe Capital with other brokerage firms.