Is Your Discount Broker a scam?

1
Difference Between Discount Brokerages and Full
Time Brokerages

• Full-Time brokerages offer everything from stocks
  and bonds to annuities and insurance. Since their
  brokers profit largely from commissions, they're
  sometimes motivated to encourage a lot of buying
  and selling that isn't in your best interest.
• Discount brokerages have traditionally offered a
  narrower range of services, but they've been
  adding significantly to this range in recent
  years. Today, many discounters offer mutual
  funds, banking services (such as checking
  accounts), IRAs, mortgages, stock research, and
  more.

Honest Brokerages
Finvasia is the first honest broker in India.
Through honest pricing we aim to provide
investors an environment where they truly make
money.
www.finvasia.com
2
Learn the Hidden Truth About Discount Brokers
Some Discount Brokers Complicate Your Contract
Notes While Some Simply Lie !
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3
Discount Brokers are NOT a result of Broker
Competition

• We all know that stock brokers have gone through
  a tough period over last few years. As a result a
  new breed of brokers emerged the so-called
  Discount Brokers
• While its a very noble concept and exercised in
  various developed countries, but given the
  complicated tax structure in India, accompanied
  with multiple cost headers of Exchange, SEBI,
  State Taxes

4
Ignorance is Expensive

• Discount brokers are ripping off thousands of
  their clients, most of them average middle class
  people
• They dont just charge them buy and sell
  commissions. They skim client account with
  other? charges, turnover charges, trade and call
  charges, software charges, minimum volume
  commitment charges, and the most bizarre of all
  rounding charges.

5
STT and CTT
STT and CTT should ONLY be levied on total
Selling volume. Some Brokers can charge you CTT
and STT on both Buying and Selling.
6
Software Charges
Software charges, or Software Maintenance charges
are the same thing ! Discount brokers can charge
you for software usage Per-Segment per Month.
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7
Transaction Charges is another head where Brokers
can hide the brokerage. Check you contract note
carefully or call our client service team to
explain you your contract note in details.  
8
Some Well Known Discount Brokers Over Charge You
by as Much as Rs 300 per Crore in Other
Charges
9
Offline Trading
On top of Brokerage, you might also be paying
nuisance charges in the form of offline trading
charges, call-to-trade charges. If you are
regularly calling your broker to trade for you,
these charges can quickly add up.
10
STAMP DUTY
Stamp Duty can vary from Rs 10 to Rs 5000 per
crore. At Finvasia, we charge only Rs 10 per
day, irrespective of your volume. Image the
Impact it can have on your trading !
11
Learn to Separate Fact from Fiction

• Finvasia is an emerging global financial services
  company that has a diversified business model
  with services ranging from asset management,
  investment banking, capital market advisory,
  currency hedging to brokerage services in
  commodities, equities and derivatives.
• If you do an internet search on broker scams,
  youll come across all sorts of forum posts,
  articles and comments from disgruntled traders
  who blame the broker for their failure. So while
  researching you must learn to separate fact from
  fiction.
• This can occur when a broker attempts to rack up
  trading commissions at the clients expense.
  So, PAY ATTENTION!

12
www.finvasia.com
CONTACT DETAILS
Finvasia Securities Private Limited NSE Member
Code 14846, NSE (Cash) INB231484636, NSE (FO)
INF231484636, NSE (CD) INE231484636 Finvasia
India Private Limited MCX Member ID 55135,
FMC Unique Membership Code MCX/TCM/CORP/1244
Finvasia Financial Services Private Limited
Securities and Exchange Commission of America
Firm CRD 152771 (SEC USA, registered since
2009) KPDN Inc Foreign Institutional Investor
(FII) INCAFD256911
INDIA Address Plot 10, Netsmartz House (Level
3), Rajiv Gandhi Chd Tech Park, Chandigarh,
160101 Email contactus_at_finvasia.com Tel 91 172
667 0000
CANADA Address 1332 Khalsa Dr, Mississauga,
Ontario L5S 0A2 Email contactus_at_finvasia.com Tel
1 917 KPDN INC