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Fyers Vs Nirmal Bang (Compare Fyers and Nirmal Bang)

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

Find out Fyers Vs Nirmal Bang which is better and Fyers Vs Nirmal Bang which is best.

Our Fyers Securities Ltd comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Fyers and Nirmal Bang.

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Fyers Vs Nirmal Bang

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
 
Fyers Securities Ltd Logo Nirmal Bang Securities Pvt 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 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Discount Broker Full Service Broker
Supported Exchnage NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Flat Fee Brokerage Plan Basic 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 Nirmal Bang. 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 Nirmal Bang Charges

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹0 (Free) Rs 0
Trading Account AMC ₹0 (Free) Rs 0
Demat Account Opening Fees ₹0 (Free) Rs 0
Demat Account AMC ₹400 Rs 200
Demat Account is Mandatory? No No
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Fyers Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Account Type Flat Fee Brokerage Plan Basic Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.2%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.02%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.02%
Equity Options Brokerage ₹20 per executed order Rs 35
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.02%
Currency Options Trading Brokerage ₹20 per executed order Rs 20
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges
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 Nirmal Bang Taxes

  Fyers Securities Ltd Nirmal Bang Securities Pvt 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 Nirmal Bang Transaction Charges

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery ₹325 per crore (0.00325%) ₹390
Equity Intraday ₹325 per crore (0.00325%) ₹390
Equity Futures ₹240 per crore (0.0024%) ₹240
Equity Options ₹5900 per crore (on premium) (0.059%) ₹5700
Currency Futures ₹240 per crore (0.0024%) ₹240
Currency Options ₹5900 per crore (on premium) (0.059%) ₹5700
Commodity NA ₹250
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Fyers Vs Nirmal Bang Exposure Margin

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery 1 times upto 10x
Equity Intraday Up to 16x (based on the stock) Upto 4x
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 2x for shorting
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 2x for shorting
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) Upto 3x
Commodity NA Upto 3x
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Fyers and Nirmal Bang Feature Comparison

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
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) Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:20 PM 3:15
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs Nirmal Bang Review

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
  8 Customer Reviews    Rate Fyers 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.1 3.7
Trading Brokerage Rating 3.9 3.5
Trading Platform Usability 3.0 2.7
Customer Service Ratings 4.0 2.5
Overall Ratings Rated 3.6 stars Rated 2.6 stars
Broker Rating Fyers is Rated 3.6 / 5 based on 8 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Fyers Vs Nirmal Bang Investment Options

  Fyers Securities Ltd Nirmal Bang Securities Pvt 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 Nirmal Bang Customer Service

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
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Fyers Vs Nirmal Bang Order Type Offered

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

  Fyers Securities Ltd Nirmal Bang Securities Pvt 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 Nirmal Bang Suitable For Investor Type

  Fyers Securities Ltd Nirmal Bang Securities Pvt Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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Fyers Vs Nirmal Bang - Advantages and Disadvantages

  Fyers Securities Ltd Nirmal Bang Securities Pvt 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. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis

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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the 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 Nirmal Bang
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