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Fyers Vs Karvy (Compare Fyers and Karvy)

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

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

Our Fyers Securities Ltd comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between Fyers and Karvy.

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Fyers Vs Karvy

  Fyers Securities Ltd Karvy Stock Broking Ltd
 
Fyers Securities Ltd Logo Karvy Stock Broking Ltd 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 Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institut... Know more about Karvy Stock Broking Ltd
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, MCX BSE, NSE, MCX
Account Type Flat Fee Brokerage Plan Retail Brokerage Plan
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 Karvy. 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 Karvy Charges

  Fyers Securities Ltd Karvy Stock Broking Ltd
Trading Account Opening Fees ₹0 (Free) ₹420
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 ₹420
Demat Account is Mandatory? No No
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Fyers Vs Karvy Brokerage

Brokerage Plan 1

  Fyers Securities Ltd Karvy Stock Broking Ltd
Account Type Flat Fee Brokerage Plan Retail Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.3%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order ₹30 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order ₹30 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Fyers Securities Ltd Karvy Stock Broking Ltd
Account Type Flat Fee Brokerage Plan Premium Subscription Plan
Fixed Charges NA Rs 100000 per year
Equity Delivery Brokerage ₹0 (Free) 0.1%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order ₹10 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order ₹10 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
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
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Fyers Vs Karvy Taxes

  Fyers Securities Ltd Karvy Stock Broking Ltd
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 Karvy Transaction Charges

  Fyers Securities Ltd Karvy Stock Broking Ltd
Equity Delivery ₹325 per crore (0.00325%) ₹325
Equity Intraday ₹325 per crore (0.00325%) ₹325
Equity Futures ₹240 per crore (0.0024%) ₹230
Equity Options ₹5900 per crore (on premium) (0.059%) ₹5500
Currency Futures ₹240 per crore (0.0024%) ₹325
Currency Options ₹5900 per crore (on premium) (0.059%)
Commodity NA ₹300
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Fyers Vs Karvy Exposure Margin

  Fyers Securities Ltd Karvy Stock Broking Ltd
Equity Delivery 1 times Upto 5x with 24% interest per year
Equity Intraday Up to 16x (based on the stock) Upto 20x
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 4x
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x Upto 4x for shorting
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) Nil
Commodity NA Upto 4x
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Fyers and Karvy Feature Comparison

  Fyers Securities Ltd Karvy Stock Broking Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Fyers One (In-house build) NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:20 PM 3:15
Other Features Brokerage free thematic investing is available Ask the expert, The Finapolis
Referral Program Yes
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Fyers Vs Karvy Review

  Fyers Securities Ltd Karvy Stock Broking Ltd
  8 Customer Reviews    Rate Fyers 21 Customer Reviews    Rate Karvy
Fees Ratings 3.1 2.7
Trading Brokerage Rating 3.9 2.4
Trading Platform Usability 3.0 2.8
Customer Service Ratings 4.0 2.4
Overall Ratings Rated 3.6 stars Rated 2.1 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd Karvy Stock Broking Ltd
Contact / Request Call Back
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Fyers Vs Karvy Investment Options

  Fyers Securities Ltd Karvy Stock Broking Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Fyers Vs Karvy Customer Service

  Fyers Securities Ltd Karvy Stock Broking Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
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Fyers Vs Karvy Order Type Offered

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

  Fyers Securities Ltd Karvy Stock Broking Ltd
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Fyers Vs Karvy Suitable For Investor Type

  Fyers Securities Ltd Karvy Stock Broking Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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Fyers Vs Karvy - Advantages and Disadvantages

  Fyers Securities Ltd Karvy Stock Broking Ltd
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...

  1. Offers investment in IPO and Mutual funds
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

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...

  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers

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.

Enquire about Fyers Enquire about Karvy
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