Finvasia introduces Zero brokerage trading – The new age of stock trading arrives
June 21 2017, Mumbai: Finvasia, India’s leading technology-driven brokerage firm, envisions creating a technologically driven ‘ZERO BROKERAGE’ financial ecosystem in India by taking commission out of an average investor’s portfolio. The company is India’s first clearing house providing FREE clearing services to all FPI clients in NSE derivative segments.
Finvasia is India’s first brokerage that offers life-time commission-free trading in ALL segments on ALL exchanges. Due to high fees and commissions many new investors are refraining from entering the market. By eliminating brokerage and introducing artificial intelligence, Finvasia is transforming the entire investment industry and financial sector.
Besides offering zero brokerage trading, Finvasia is also one of the first to introduce e-KYC in India. eKYC allows investors to open verified trading accounts in 5 minutes and begin trading within 30 minutes. The e-KYC service is approved by NSE, BSE, MCX and SEBI as a valid KYC process.
“Our mission is to democratize the financial markets and make the markets accessible to everyone by offering Zero Brokerage plans.” said Natty Virk, CEO & Co-founder -Finvasia. “Investors are losing the amount they make from stock market appreciation in just commissions. And eliminating fees is one of the most effective ways to improve their trading profits and enhance their savings.”
‘’With Commission free trading we aim at taking the middleman out of an average investor’s portfolio. We believe that the exuberant prices charged by the brokers are stopping the new investors to enter the market. Thus there is a need to create a technologically driven ecosystem and revolutionizing the investment industry and financial space” – Said Sarvjeet Singh Virk, MD & Co-Founder- Finvasia.
Founded in 2009 by Sarvjeet Singh Virk and Natty Virk, Finvasia’s fintech platform was launched on August 15th 2016. It offers services such as asset management, investment banking, capital market advisory, currency hedging to brokerage services in commodities, equities, and derivatives. The company also advises foreign investors, NRIs, HNIs & Retail clients on investments in fourteen countries, ranging from Australia to Brazil and everything in between.
Recently, they won the award for ‘Best Trading Execution or Brokerage Platform’ at the 2017 Benzinga Global Fintech Awards in New York, USA. The award is one of the biggest events that acknowledge the achievements of the disruptive businesses and innovators from the capital markets around the world. Over 225 handpicked companies were shortlisted from across the globe for these much coveted Awards.
