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.
Fyers Vs Nirmal Bang
Fyers
Nirmal Bang
Find more info about broker
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...
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...
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
Year of Incorporation
2015
1986
Number of Branches
0
2000
Enquire Fyers
Enquire Nirmal Bang
Fyers Vs Nirmal Bang Charges
Fyers
Nirmal Bang
Trading Account Opening Fees
₹0 (Free)
₹0
Trading Account AMC
₹0 (Free)
₹0
Demat Account Opening Fees
₹0 (Free)
₹0
Demat Account AMC
₹400
₹200
Demat Account is Mandatory?
No
No
Fyers Vs Nirmal Bang Brokerage
Brokerage Plan 1
Fyers
Nirmal Bang
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
₹35
Currency Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
0.02%
Currency Options Trading Brokerage
₹20 per executed order
₹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
Fyers Vs Nirmal Bang Taxes
Fyers
Nirmal Bang
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)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Fyers Vs Nirmal Bang Transaction Charges
Fyers
Nirmal Bang
Equity Delivery
₹325 per Cr (0.00325%)
₹390
Equity Intraday
₹325 per Cr (0.00325%)
₹390
Equity Futures
₹240 per Cr (0.0024%)
₹240
Equity Options
₹5900 per Cr (on premium) (0.059%)
₹5700
Currency Futures
₹240 per Cr (0.0024%)
₹240
Currency Options
₹5900 per Cr (on premium) (0.059%)
₹5700
Commodity
NA
₹250
Fyers Vs Nirmal Bang Exposure Margin
Fyers
Nirmal Bang
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 Futures
NA
Upto 3x
Commodity Options
Fyers and Nirmal Bang Feature Comparison
Fyers
Nirmal Bang
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)
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
Fyers Vs Nirmal Bang Review
Fyers
Nirmal Bang
11 Customer Reviews
14 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Fyers is Rated 3.8 / 5 based on 11 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
Fyers Vs Nirmal Bang Investment Options
Fyers
Nirmal Bang
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Fyers Vs Nirmal Bang Customer Service
Fyers
Nirmal Bang
24/7 Customer Service
Onine Live Chat
Through Branches
Fyers Vs Nirmal Bang Order Type Offered
Fyers
Nirmal Bang
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Fyers Vs Nirmal Bang Research Report
Fyers
Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Fyers Vs Nirmal Bang Suitable For Investor Type
Fyers
Nirmal Bang
Casual Investor
Active Investor
Trader
Fyers Vs Nirmal Bang - Advantages and Disadvantages
Fyers
Nirmal Bang
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...
Low bandwidth option for anywhere access
Free research report subscription
24X7 access to back-office
Instant Fund transfer
Multiple market watch facility with streaming quotes (Live Market Rates*)
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...
Nirmal Bang doesn't offer 3 in 1 account.
Brokerage rates are negotiable.
Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
Instant Fund withdrawal is not available
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.
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