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Fyers Vs iTradeOnline (Compare Fyers and iTradeOnline)

The side-by-side comparison of Fyers and iTradeOnline. Compare Fyers Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Fyers review.

Find out Fyers Vs iTradeOnline which is better and Fyers Vs iTradeOnline which is best.

Our Fyers Securities Ltd comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Fyers and iTradeOnline.

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Fyers Vs iTradeOnline

  Fyers Securities Ltd iTradeOnline by Trustline
 
Fyers Securities Ltd Logo iTradeOnline by Trustline Logo
About the Broker 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", representi... Know more about Fyers Securities Ltd 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 lo... Know more about iTradeOnline by Trustline
Type of Broker Discount Broker Discount Broker
Supported Exchnage NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Pay Per Trade
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 2015
Number of Branches 1
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Fyers Vs iTradeOnline Charges

  Fyers Securities Ltd iTradeOnline by Trustline
Trading Account Opening Fees ₹0 (Free) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹400 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Fyers Vs iTradeOnline Brokerage

Brokerage Plan 1

  Fyers Securities Ltd iTradeOnline by Trustline
Account Type Flat Fee Brokerage Plan Pay Per Trade
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .01% 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 .01% 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 NA ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹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 Taxes

  Fyers Securities Ltd iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Fyers Vs iTradeOnline Transaction Charges

  Fyers Securities Ltd iTradeOnline by Trustline
Equity Delivery ₹325 per crore (0.00325%) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday ₹325 per crore (0.00325%) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures ₹240 per crore (0.0024%) NSE ₹190 per crore (0.0019%)
Equity Options ₹5900 per crore (on premium) (0.059%) NSE ₹5000 per crore (0.05%)
Currency Futures ₹240 per crore (0.0024%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options ₹5900 per crore (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 Exposure Margin

  Fyers Securities Ltd iTradeOnline by Trustline
Equity Delivery 1 times 1x (100% Margin Required)
Equity Intraday Up to 16x (based on the stock) Up to 20x
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x NSE: 2x
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) NSE: 2x
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) NSE: 2x
Commodity NA MCX Futures: 8x
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Fyers and iTradeOnline Feature Comparison

  Fyers Securities Ltd iTradeOnline by Trustline
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 Securities Ltd iTradeOnline by Trustline
  8 Customer Reviews    Rate Fyers 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.1 4.2
Trading Brokerage Rating 3.9 4.7
Trading Platform Usability 3.0 4.0
Customer Service Ratings 4.0 4.2
Overall Ratings Rated 3.6 stars Rated 4.3 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd iTradeOnline by Trustline
Contact / Request Call Back
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Fyers Vs iTradeOnline Investment Options

  Fyers Securities Ltd iTradeOnline by Trustline
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 Customer Service

  Fyers Securities Ltd iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Fyers Vs iTradeOnline Order Type Offered

  Fyers Securities Ltd iTradeOnline by Trustline
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 Securities Ltd iTradeOnline by Trustline
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 Securities Ltd iTradeOnline by Trustline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Fyers Vs iTradeOnline - Advantages and Disadvantages

  Fyers Securities Ltd iTradeOnline by Trustline
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!

More Advantages...

  • 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.

More Advantages...

Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

  • 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.

More Disadvantages...

Reviews
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

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

Lifetime FREE AMC Demat Account - 50% Off

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

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