Top Stock Advisory
Pace Stock Broking vs. Finvasia
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 Pace Stock Broking and Finvasia. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Pace Stock Broking and Finvasia.
Overview
Pace Stock Broking is private company and Finvasia is public company. Pace Stock Broking operates as a full service Broker, while Finvasia functions as a discount broker. Atul Goel co-founded Pace Stock Broking in 1995. And Finvasia was founded in the year 2013 by Tajinder Pal Singh and Sarvjeet Singh. Pace Stock Broking's headquarters are in New Delhi and Finvasia's headquarters are in Chandigarh.
Pace Stock Broking operates as a full service Broker, while Finvasia functions as a discount broker. Pace Stock Broking is registered in NA, while Finvasia is registered in BSE, NSE, MCX. The total branches of Pace Stock Broking are Nil and the Finvasia branches are 1.
| Overview | Pace Stock Broking | Finvasia |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Public |
| Headquarter | New Delhi | Chandigarh |
| Founders | Atul Goel | Tajinder Pal Singh and Sarvjeet Singh |
| Foundation Year | 1995 | 2013 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | 1 |
Pace Stock Broking and Finvasia 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 Pace Stock Broking charging Free and Finvasia charging Zero.
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 Pace Stock Broking Demat account is Rs.270 per Annum and for the Finvasia Demat account is Zero. The Trading AMC for Pace Stock Broking and Finvasia 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 Pace Stock Broking and Finvasia is CDSL.
| Account Opening and Demat Charges | Pace Stock Broking | Finvasia |
|---|---|---|
| Trading Account Opening Charges | Free | Zero |
| Demat AMC (Annual Maintenance Charges) | Rs.270 per Annum | Zero |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.1,000 | Zero |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Pace Stock Broking and Finvasia 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 Pace Stock Broking is 0.21%, while Finvasia charges you 0.00%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Pace Stock Broking is 0.02% and for Finvasia also, it is 0.00%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Pace Stock Broking charge 0.02% and Finvasia charge 0.00% 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, Pace Stock Broking charges Rs.21 per Lot, and Finvasia charges 0.05%.
| Equity Brokerage Charges | Pace Stock Broking | Finvasia |
|---|---|---|
| Equity Delivery Brokerage | 0.21% | 0.00% |
| Equity Intraday Brokerage | 0.02% | 0.00% |
| Equity Futures Brokerage | 0.02% | 0.00% |
| Equity Options Brokerage | Rs.21 per Lot | 0.05% |
Pace Stock Broking and Finvasia 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 Pace Stock Broking is 0.02% and for Finvasia is 0.00%.
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. Pace Stock Broking charges Rs.21 per Lot for currency options, whereas Pace Stock Broking charges 0.04%.
| Currency Brokerage Charges | Pace Stock Broking | Finvasia |
|---|---|---|
| Currency Futures Brokerage | 0.02% | 0.00% |
| Currency Options Brokerage | Rs.21 per Lot | 0.04% |
Pace Stock Broking and Finvasia 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. Pace Stock Broking charges 0.02% for commodity trading, while Finvasia charges 0.00%.
| Commodity Brokerage Charges | Pace Stock Broking | Finvasia |
|---|---|---|
| Commodity Options Brokerage | 0.02% | 0.00% |
Pace Stock Broking and Finvasia Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Pace Stock Broking levies a minimum brokerage fee of Percentage of Transaction, while Finvasia charges Zero brokerage fee.
Transaction Brokerage Charges: Pace Stock Broking levies a transaction brokerage charge of 0.00271%, while Finvasia charges 0.00325%.
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 Pace Stock Broking is 0.0002% of Total Turnover and for Pace Stock Broking is 0.00015% 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 Pace Stock Broking are 0.0126% of selling value, while for Finvasia, they are 0.025% of selling value.
Call and Trade Charges: This charge varies for different brokers. Pace Stock Broking charges NA and Finvasia charges Rs 0.
| Other Brokerage Charges | Pace Stock Broking | Finvasia |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00271% | 0.00325% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.00015% 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 | 0.0126% of selling value | 0.025% of selling value | Call and Trade Charges | NA | Rs 0 |
Pace Stock Broking and Finvasia 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 Pace Stock Broking is up to Upto 2x and by Finvasia it is up to NA.
Equity Intraday: Leverage for equity intraday by Pace Stock Broking is up to Upto 5x and by Finvasia it is up to Upto 10x.
Equity Futures: Leverage for Equity Futures by Pace Stock Broking is up to Upto 2x and by Finvasia it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Pace Stock Broking is up to Upto 5x and by Finvasia also, it is up to NA.
| Equity Leverage | Pace Stock Broking | Finvasia |
|---|---|---|
| Equity Delivery | Upto 2x | NA | Equity Intraday | Upto 5x | Upto 10x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 5x | NA |
Pace Stock Broking and Finvasia Currency Leverage
The currency futures leverage provided by Pace Stock Broking is up to Upto 2x, while for Finvasia it is up to NA.
The currency options leverage provided by Pace Stock Broking is up to Upto 3x, while for Finvasia it is up to NA.
| Currency Leverage | Pace Stock Broking | Finvasia |
|---|---|---|
| Currency Futures | Upto 2x | NA | Currency Options | Upto 3x | NA |
Pace Stock Broking and Finvasia Commodity Leverage
The commodity leverage provided by Pace Stock Broking is up to Upto 2x, while for Finvasia it is up to Upto 2 times.
| Commodity Leverage | Pace Stock Broking | Finvasia |
|---|---|---|
| Commodity | Upto 2x | Upto 2 times |
Pace Stock Broking and Finvasia 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 | Pace Stock Broking | Finvasia |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | Yes | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Pace Stock Broking and Finvasia Features
Equity Trading: Pace Stock Broking and Finvasia 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: Pace Stock Broking and Finvasia also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Pace Stock Broking and Finvasia broker is that you can also invest in IPOs. Pace Stock Broking also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Pace Stock Broking offers trading exposure of up to Upto 5x, while Finvasia gives up to Upto 10x.
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 Pace Stock Broking and Finvasia, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Pace Stock Broking and Finvasia also allow you to trade in forex trading.
| Features | Pace Stock Broking | Finvasia |
|---|---|---|
| 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) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 10x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Pace Stock Broking and Finvasia 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. Pace Stock Broking and Finvasia 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 | Pace Stock Broking | Finvasia |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | Yes | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Pace Stock Broking and Finvasia 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. Pace Stock Broking and Finvasia 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 | Pace Stock Broking | Finvasia |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Pace Stock Broking and Finvasia Mobile Trading Platforms
Pace Stock Broking and Finvasia offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Pace Stock Broking | Finvasia |
|---|---|---|
| Mobile Browser | Yes | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Pace Stock Broking and Finvasia 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. Pace Stock Broking and Finvasia 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 | Pace Stock Broking | Finvasia |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 120 | 0 |
Pace Stock Broking and Finvasia 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 Pace Stock Broking and Finvasia registered and resolved complaints.
For Pace Stock Broking, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Finvasia, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 82.80 %.
We can say that Pace Stock Broking is better than Finvasia in case of resolving customer complaints.
| BSE Complaints | Pace Stock Broking | Finvasia |
|---|---|---|
| BSE Complaints | 1 | 0 |
| BSE Resolved Complaints | 1 | 0 |
| Percentage of resolved BSE complaints | 100.00 % | NaN % |
| NSE Complaints | 7 | 93 |
| NSE Resolved Complaints | 7 | 77 |
| Percentage of resolved NSE complaints | 100.00 % | 82.80 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | NaN % |
Frequently Asked Questions
Is Pace Stock Broking better than Finvasia?
Pace Stock Broking is a full service broker and Finvasia is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Finvasia better than Pace Stock Broking?
Finvasia is a discount broker and Pace Stock Broking is a full service 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 Pace Stock Broking and Finvasia?
Being a full-service broker, Pace Stock Broking tends to have higher brokerage charges, while Finvasia, being a discount broker, offers comparatively cheaper rates. 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, Pace Stock Broking and Finvasia?
To figure out which of the two stockbrokers, Pace Stock Broking and Finvasia, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Pace Stock Broking with other stock brokers
Visit the following pages to see a detailed comparision report of Pace Stock Broking with other brokerage firms.
Compare Finvasia with other stock brokers
Visit the following pages to see a detailed comparision report of Finvasia with other brokerage firms.