Fyers Vs Indira Securities (Compare Fyers and Indira Securities)

The side-by-side comparison of Fyers and Indira Securities. Compare Fyers Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs Indira Securities?


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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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
Supported Exchnages NSE, MCX BSE, NSE, MCX and NCDEX
Account Type Flat Fee Brokerage Plan Traditional Plan
Year of Incorporation 2015 1987
Number of Branches 0 335
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Fyers Vs Indira Securities Charges & AMC

Fyers trading account opening charges is ₹400 (Free) while Indira Securities account opening changes is ₹0 (Free). Fyers Demat Account AMC Charges is ₹300 and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

  Fyers Indira Securities
Trading Account Opening Charges ₹400 (Free) ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) ₹0 (Free)
Demat Account AMC Charges ₹300 ₹450 (Free for 1st year)
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Fyers Vs Indira Securities Brokerage Charges & Plans

Fyers Vs Indira Securities Brokerage

Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹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
Equity Delivery Brokerage ₹0 (Free) 0.10%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order ₹25 per lot (both side)
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order ₹25 per lot (both side)
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹20 per executed order ₹25 per lot (both side)
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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 Brokerage ₹0 (Free) ₹20 per executed order
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Equity Options Brokerage ₹20 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Currency Options Trading Brokerage ₹20 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order
Commodity Options Trading Brokerage ₹20 per executed order ₹20 per executed order

Fyers Charges Vs Indira Securities

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

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

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

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

  Fyers Indira Securities
Equity Delivery 1 times 1x (no margin)
Equity Intraday Up to 16x (based on the stock) Up to 10x (based on the stock)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x 1x (no margin)
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) 1x (no margin)
Commodity Futures NA Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options 1x (no margin)
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes Yes
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Fyers Vs Indira Securities Review

Fyers is rated 4.0 of 5 based on 14 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

  Fyers Indira Securities
  14 Customer Reviews    Rate Fyers 2 Customer Reviews    Rate Indira Securities
Fees 3.6 3.0
Trading Brokerage 4.0 5.0
Trading Platform Usability 3.6 4.5
Customer Service 4.3 4.5
Research Capabilities 2.0 5.0
Overall Ratings Rated 4.0 stars Rated 4.5 stars
Broker Rating Fyers is rated 4.0 of 5 based on 14 customer reviews Indira Securities is rated 4.5 of 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire Indira Securities Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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Fyers Vs Indira Securities Investment Options

  Fyers Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Fyers Vs Indira Securities Order Type Offered

  Fyers Indira Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Fyers Vs Indira Securities Research Report

  Fyers Indira Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Fyers Vs Indira Securities Suitable For Investor Type

  Fyers Indira Securities
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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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 ₹20 per trade.
  • 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.
  1. Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website

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Fyers Indira Securities
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