Fyers Vs iTradeOnline (Compare Fyers and iTradeOnline)

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


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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Fyers Vs iTradeOnline

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Fyers iTradeOnline
Type of Broker Discount Broker Discount Broker
Supported Exchnages NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Pay Per Trade
Year of Incorporation 2015
Number of Branches 0
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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Fyers Vs iTradeOnline Charges & AMC

Fyers trading account opening charges is ₹0 (Free) while iTradeOnline account opening changes is ₹0 (Free). Fyers Demat Account AMC Charges is ₹300 and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Fyers iTradeOnline
Trading Account Opening Charges ₹0 (Free) ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Fyers Vs iTradeOnline Brokerage Charges & Plans

Fyers Vs iTradeOnline Brokerage

Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  Fyers iTradeOnline
Account Type Flat Fee Brokerage Plan Pay Per Trade
Fixed Charges NA ₹0
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order
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: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Fyers Charges Vs iTradeOnline

Minimum Brokerage Charges Intra-day: ₹7 or 2.5% whichever is lower ₹0 (No Minimum Brokerage)
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments) Physical contact notes: ₹20
Call & Trade Charges ₹20 per trade ₹0 (Free)
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Fyers Vs iTradeOnline Transaction Charges

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

  Fyers iTradeOnline
Equity Delivery ₹325 per Cr (0.00325%) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday ₹325 per Cr (0.00325%) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures ₹240 per Cr (0.0024%) NSE ₹190 per crore (0.0019%)
Equity Options ₹5900 per Cr (on premium) (0.059%) NSE ₹5000 per crore (0.05%)
Currency Futures ₹240 per Cr (0.0024%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options ₹5900 per Cr (on premium) (0.059%) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity NA MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Fyers Vs iTradeOnline Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  Fyers iTradeOnline
Equity Delivery 1 times Upto 5x (based on the stock)
Equity Intraday Up to 16x (based on the stock) Upto 20x (based on the stock)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 25%(4x), 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 Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 25%(4x), 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) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures NA Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Compare Fyers and iTradeOnline Features

The trading platforms offered Fyers include Fyers One (In-house build). iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Fyers iTradeOnline
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Fyers One (In-house build) Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time 3:20 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs iTradeOnline Review

Fyers is rated 4.0 of 5 based on 14 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Fyers iTradeOnline
  14 Customer Reviews    Rate Fyers 7 Customer Reviews    Rate iTradeOnline
Fees 3.6 3.9
Trading Brokerage 4.0 4.1
Trading Platform Usability 3.6 3.9
Customer Service 4.3 3.7
Research Capabilities 2.0 1.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating Fyers is rated 4.0 of 5 based on 14 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire iTradeOnline Enquire
Contact Broker

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

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Fyers Vs iTradeOnline Investment Options

  Fyers iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds No No
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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Fyers Vs iTradeOnline Order Type Offered

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

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

  Fyers iTradeOnline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Fyers Vs iTradeOnline - Pros and Cons

  Fyers iTradeOnline
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹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!
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire FyersEnquire iTradeOnline

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