Reviews of Stock Brokers


VNS Finance

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of VNS Finance, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Overview

VNS Finance founded in 1995 by Vijay Kumar Singhania is a Public company headquartered in KANPUR (U.P.) India. As a Full Service Broker, VNS Finance aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that VNS Finance operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewVNS Finance
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterKANPUR (U.P.)
FoundersVijay Kumar Singhania
Foundation Year1995
Supported ExchangesNA
Total branchesNil

VNS Finance Account opening charges

To begin trading with VNS Finance, you need to open a trading account and a Demat account. VNS Finance charges Rs.240 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.240 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesVNS Finance
Trading Account Opening ChargesRs.240
Demat AMC (Annual Maintenance Charges)Rs.240 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

VNS Finance Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. VNS Finance brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesVNS Finance
Equity Delivery Brokerage0.24%
Equity Intraday Brokerage0.02%
Equity Futures Brokerage0.02%
Equity Options BrokerageRs.24 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesVNS Finance
Currency Futures Brokerage0.02%
Currency Options BrokerageRs.15 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesVNS Finance
Commodity Options Brokerage0.02%

VNS Finance Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesVNS Finance
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00324%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value
Call and Trade ChargesNA

VNS Finance Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by VNS Finance:

Equity LeverageVNS Finance
Equity DeliveryUpto 1x
Equity IntradayUpto 7x
Equity FuturesUpto 3x
Equity OptionsUpto 6x

VNS Finance Currency Leverage

Currency LeverageVNS Finance
Currency FuturesUpto 2x
Currency OptionsUpto 3x

VNS Finance Commodity Leverage

Equity LeverageVNS Finance
CommodityUpto 2x

VNS Finance Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersVNS Finance
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

VNS Finance Features

FeaturesVNS Finance
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)No
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 7x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo
BankingNo
InsuranceNo

VNS Finance Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesVNS Finance
Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

VNS Finance Trading Platforms

The VNS Finance trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.


VNS Finance Trading Platforms

Desktop Trading PlatformsVNS Finance
WindowsYes
MacYes
Desktop BrowserYes

VNS Finance Mobile App

The VNS Finance mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppVNS Finance
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

VNS Finance Web Trading

For web-based trading, VNS Finance offers a powerful trading website known as VNS Finance trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.


VNS Finance Trade Terminal

VNS Finance offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.


VNS Finance Customer Support

Customer SupportVNS Finance
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches480

VNS Finance Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by VNS Finance.

BSE ComplaintsVNS Finance
BSE Complaints1
BSE Resolved Complaints1
Percentage of resolved BSE complaints100.00 %
NSE Complaints5
NSE Resolved Complaints5
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %

Conclusion

In conclusion, VNS Finance offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, VNS Finance can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.