Fyers Vs iTradeOnline (Compare Fyers and 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 Rs 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... 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
Exchnage Membership NSE, MCX BSE, NSE, MCX
Year of Incorporation 2015
Number of Branches 0
Open an Online Trading Account with Fyers.Open an Online Trading Account with iTradeOnline.
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Fyers Vs iTradeOnline Charges & AMC

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

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

Fyers Vs iTradeOnline Brokerage

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

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

Fyers Charges Vs iTradeOnline

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

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

  Fyers iTradeOnline
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures Rs 240 per Cr (0.0024%) NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 240 per Cr (0.0024%) NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity NA MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Fyers Vs iTradeOnline 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 iTradeOnline 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 iTradeOnline
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 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 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 3.2 of 5 based on 21 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Fyers iTradeOnline
  21 Customer Reviews    Rate Fyers 7 Customer Reviews    Rate iTradeOnline
Fees 3.3 3.9
Brokerage 3.7 4.1
Trading Platform 3.2 3.9
Customer Service 3.4 3.7
Research Capabilities 1.7 1.0
Overall Ratings Rated 3.2 stars Rated 4.0 stars
Broker Rating Fyers is rated 3.2 of 5 based on 21 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 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. Get 50% discount (Rs 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
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 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!
  • 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 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.

Lifetime FREE AMC Demat Account - 50% Off

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

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

Open Fyers AccountEnquire iTradeOnline

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