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
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
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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)

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)

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%)

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)

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 Available
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

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	2 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Fyers Vs Indira Securities Investment Options

	Fyers	Indira Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (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)

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 ₹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.	Flat-rate brokerage plans (₹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 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