The side-by-side comparison of Fyers and Karvy. Compare Fyers Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs Karvy?
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...
Karvy
Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.
Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.
Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.
Karvy Customers,
Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.
Fyers trading account opening charges is Rs 0 (Free) while Karvy account opening changes is Rs 650. Fyers Demat Account AMC Charges is Rs 300 and Karvy Demat Account AMC Charges is Rs 420.
Fyers | Karvy | |
---|---|---|
Trading Account Opening Charges | Rs 0 (Free) | Rs 650 |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
Demat Account AMC Charges | Rs 300 | Rs 420 |
Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.
Fyers | Karvy | |
---|---|---|
Account Type | Flat Fee Brokerage Plan | Retail Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | 0.3% |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Equity Options Brokerage | Rs 20 per executed order | Rs 30 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Currency Options Trading Brokerage | Rs 20 per executed order | Rs 30 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Commodity Options Trading Brokerage | Rs 20 per executed order | Rs 30 per lot |
Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer |
Fyers | Karvy | |
---|---|---|
Account Type | Flat Fee Brokerage Plan | Premium Subscription Plan of 100000 |
Fixed Charges | NA | Rs 100,000 per year |
Equity Delivery Brokerage | Rs 0 (Free) | 0.1% |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Options Brokerage | Rs 20 per executed order | Rs 10 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Currency Options Trading Brokerage | Rs 20 per executed order | Rs 10 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Commodity Options Trading Brokerage | Rs 20 per executed order | Rs 10 per lot |
Minimum Brokerage Charges | Intra-day: Rs 7 or 2.5% whichever is lower | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher |
Other Brokerage Charges | Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments) | |
Call & Trade Charges | Rs 20 per trade |
Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Karvy exchange transaction charges for options is Rs 5500.
Fyers | Karvy | |
---|---|---|
Equity Delivery | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Intraday | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Futures | Rs 240 per Cr (0.0024%) | Rs 230 |
Equity Options | Rs 5900 per Cr (on premium) (0.059%) | Rs 5500 |
Currency Futures | Rs 240 per Cr (0.0024%) | Rs 325 |
Currency Options | Rs 5900 per Cr (on premium) (0.059%) | |
Commodity | NA | Rs 300 |
Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.
Fyers | Karvy | |
---|---|---|
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 Futures | NA | Upto 4x |
Commodity Options |
The trading platforms offered Fyers include Fyers One (In-house build). Karvy offers NEST, Karvy Web, Trade Mobile trading software.
Fyers | Karvy | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 | ![]() |
Fyers is rated 3.8 of 5 based on 15 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.
Fyers | Karvy | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 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. |
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