Fyers Vs Indira Securities (Compare Fyers and Indira Securities)

Fyers Vs Indira Securities

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

	Fyers	Indira Securities
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, MCX	BSE, NSE, MCX and NCDEX
Year of Incorporation	2015	1987
Number of Branches	0	335
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Fyers Vs Indira Securities Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). Fyers Demat Account AMC Charges is Rs 300 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

	Fyers	Indira Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 450 (Free for 1st year)

Fyers Vs Indira Securities Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

	Fyers	Indira Securities
Account Type	Flat Fee Brokerage Plan	Traditional Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	0.10%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.01%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.01%
Equity Options	Rs 20 per executed order	Rs 25 per lot (both side)
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.01%
Currency Options	Rs 20 per executed order	Rs 25 per lot (both side)
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.01%
Commodity Options	Rs 20 per executed order	Rs 25 per lot (both side)
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.	Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Fyers Vs Indira Securities Brokerage Plan 2

	Fyers	Indira Securities
Account Type	Flat Fee Brokerage Plan	Discount Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 20 per executed order
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Equity Options	Rs 20 per executed order	Rs 20 per executed order
Currency Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Currency Options	Rs 20 per executed order	Rs 20 per executed order
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Commodity Options	Rs 20 per executed order	Rs 20 per executed order
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Fyers Charges Vs Indira Securities

Minimum Brokerage	Intra-day: Rs 7 or 2.5% whichever is lower	Rs 20 per executed order
Other Charges	Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges	Rs 20 per trade	Rs 0 (Free)

Fyers Vs Indira Securities Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Fyers	Indira Securities
Equity Delivery	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%)
Equity Intraday	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%)
Equity Futures	Rs 240 per Cr (0.0024%)	NSE Rs 190 per Cr (0.0019%)
Equity Options	Rs 5900 per Cr (on premium) (0.059%)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 240 per Cr (0.0024%)	NSE Rs 120 per Cr (0.0012%)
Currency Options	Rs 5900 per Cr (on premium) (0.059%)	NSE Rs 500 per Cr (0.005%) (on premium)
Commodity	NA	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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Fyers Vs Indira Securities Leverage (Margin)

Fyers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Indira Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Fyers	Indira Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Fyers and Indira Securities Features

The trading platforms offered Fyers include Fyers One (In-house build). Indira Securities offers ODIN trading software.

	Fyers	Indira Securities
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Fyers One (In-house build)	ODIN
Intraday Square-off Time	3:20 PM	3:15 PM
Other Features	Brokerage free thematic investing is available
Referral Program
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Fyers Vs Indira Securities Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

	Fyers	Indira Securities
	21 Customer Reviews	3 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 3.2 of 5 based on 21 customer reviews	Indira Securities is rated 4.0 of 5 based on 3 customer reviews

Fyers Vs Indira Securities Investment Options

	Fyers	Indira Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Fyers Vs Indira Securities Order Type Offered

	Fyers	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Fyers Vs Indira Securities Research Report

	Fyers	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Fyers Vs Indira Securities Suitable For Investor Type

	Fyers	Indira Securities
Casual Investor
Active Investor
Trader

Fyers Vs Indira Securities - Pros and Cons

	Fyers	Indira Securities
Pros	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
Cons	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.	Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.
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