Fyers Vs Karvy (Compare Fyers and Karvy)

Fyers Vs Karvy

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	Karvy
Type of Broker	Discount Broker	Full Service Broker
Supported Exchnages	NSE, MCX	BSE, NSE, MCX
Account Type	Flat Fee Brokerage Plan	Retail Brokerage Plan
Year of Incorporation	2015	1985
Number of Branches	0	575
Broker Enquiry

Fyers Vs Karvy Charges & AMC

Fyers trading account opening charges is ₹400 (Free) while Karvy account opening changes is ₹650. Fyers Demat Account AMC Charges is ₹300 and Karvy Demat Account AMC Charges is ₹420.

	Fyers	Karvy
Trading Account Opening Charges	₹400 (Free)	₹650
Trading Account AMC Charges	₹0 (Free)	₹0
Demat Account Opening Charges	₹0 (Free)	₹0
Demat Account AMC Charges	₹300	₹420

Fyers Vs Karvy Brokerage

Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹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	₹0 (Free)	0.3%
Equity Intraday Brokerage	₹20 per executed order or .03% whichever is lower	0.03%
Equity Futures Brokerage	₹20 per executed order or .03% whichever is lower	0.03%
Equity Options Brokerage	₹20 per executed order	₹30 per lot
Currency Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.03%
Currency Options Trading Brokerage	₹20 per executed order	₹30 per lot
Commodity Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.03%
Commodity Options Trading Brokerage	₹20 per executed order	₹30 per lot
Special Offer	Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

Fyers Vs Karvy Brokerage Plan 2

	Fyers	Karvy
Account Type	Flat Fee Brokerage Plan	Premium Subscription Plan of 100000
Fixed Charges	NA	₹100,000 per year
Equity Delivery Brokerage	₹0 (Free)	0.1%
Equity Intraday Brokerage	₹20 per executed order or .03% whichever is lower	0.01%
Equity Futures Brokerage	₹20 per executed order or .03% whichever is lower	0.01%
Equity Options Brokerage	₹20 per executed order	₹10 per lot
Currency Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.01%
Currency Options Trading Brokerage	₹20 per executed order	₹10 per lot
Commodity Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	0.01%
Commodity Options Trading Brokerage	₹20 per executed order	₹10 per lot

Fyers Charges Vs Karvy

Minimum Brokerage Charges	Intra-day: ₹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 - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges	₹20 per trade

Fyers Vs Karvy Transaction Charges

Fyers transaction charges for options is ₹5900 per Cr (on premium) (0.059%) while Karvy exchange transaction charges for options is ₹5500.

	Fyers	Karvy
Equity Delivery	₹325 per Cr (0.00325%)	₹325
Equity Intraday	₹325 per Cr (0.00325%)	₹325
Equity Futures	₹240 per Cr (0.0024%)	₹230
Equity Options	₹5900 per Cr (on premium) (0.059%)	₹5500
Currency Futures	₹240 per Cr (0.0024%)	₹325
Currency Options	₹5900 per Cr (on premium) (0.059%)
Commodity	NA	₹300

Fyers Vs Karvy Leverage (Margin)

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

Compare Fyers and Karvy Features

The trading platforms offered Fyers include Fyers One (In-house build). Karvy offers NEST, Karvy Web, Trade Mobile trading software.

	Fyers	Karvy
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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

Fyers Vs Karvy Review

Fyers is rated 4.0 of 5 based on 14 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

	Fyers	Karvy
	14 Customer Reviews	24 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 4.0 of 5 based on 14 customer reviews	Karvy is rated 2.0 of 5 based on 24 customer reviews

Fyers Vs Karvy Investment Options

	Fyers	Karvy
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Fyers Vs Karvy Order Type Offered

	Fyers	Karvy
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Fyers Vs Karvy Research Report

	Fyers	Karvy
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Fyers Vs Karvy Suitable For Investor Type

	Fyers	Karvy
Casual Investor
Active Investor
Trader

Fyers Vs Karvy - Pros and Cons

	Fyers	Karvy
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!	Pay ₹1200 one time and get life time free AMC demat account Offers investment in IPO and Mutual funds Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.	Doesn't offer 3 in 1 account Brokerage rates are negotiable Higher brokerage compare to discount brokers
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.