Fyers Vs Indira Securities (Compare Fyers and 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
Exchnage Membership NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 2015 1987
Number of Branches 0 335
Open an Online Trading Account with Fyers.Open an Online Trading Account with Indira Securities.
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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)
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Fyers Vs Indira Securities Brokerage Charges & Plans

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)
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo No Yes
Online Portfolio Yes No
Margin Trading Funding 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 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    Rate Fyers 3 Customer Reviews    Rate Indira Securities
Fees 3.3 2.3
Brokerage 3.7 4.3
Trading Platform 3.2 4.0
Customer Service 3.4 4.0
Research Capabilities 1.7 4.3
Overall Ratings Rated 3.2 stars Rated 4.0 stars
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
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Contact Broker / Request A Call Back

  Fyers Enquire Indira Securities Enquire
Contact Broker 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. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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Fyers Vs Indira Securities Investment Options

  Fyers Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 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.
  1. Flat-rate brokerage plans (Rs 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 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.

Open Fyers AccountEnquire Indira Securities

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