Fyers Vs Nirmal Bang (Compare Fyers and Nirmal Bang)

Fyers Vs Nirmal Bang

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	Fyers	Nirmal Bang
Type of Broker	Discount Broker	Full Service Broker
Supported Exchnages	NSE, MCX	BSE, NSE, MCX, NCDEX, NMCE
Account Type	Flat Fee Brokerage Plan	Basic Plan
Year of Incorporation	2015	1986
Number of Branches	0	2000
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Fyers Vs Nirmal Bang Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Nirmal Bang account opening changes is Rs 0. Fyers Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

	Fyers	Nirmal Bang
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
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 200

Fyers Vs Nirmal Bang Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Fyers	Nirmal Bang
Account Type	Flat Fee Brokerage Plan	Basic Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	Rs 0 (Free)	0.2%
Equity Intraday Brokerage	Rs 20 per executed order or .03% whichever is lower	0.02%
Equity Futures Brokerage	Rs 20 per executed order or .03% whichever is lower	0.02%
Equity Options Brokerage	Rs 20 per executed order	Rs 35
Currency Futures Trading Brokerage	Rs 20 per executed order or .03% whichever is lower	0.02%
Currency Options Trading Brokerage	Rs 20 per executed order	Rs 20
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
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 Charges Vs Nirmal Bang

Minimum Brokerage Charges	Intra-day: Rs 7 or 2.5% whichever is lower
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 Vs Nirmal Bang Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while Nirmal Bang exchange transaction charges for options is Rs 5700.

	Fyers	Nirmal Bang
Equity Delivery	Rs 325 per Cr (0.00325%)	Rs 390
Equity Intraday	Rs 325 per Cr (0.00325%)	Rs 390
Equity Futures	Rs 240 per Cr (0.0024%)	Rs 240
Equity Options	Rs 5900 per Cr (on premium) (0.059%)	Rs 5700
Currency Futures	Rs 240 per Cr (0.0024%)	Rs 240
Currency Options	Rs 5900 per Cr (on premium) (0.059%)	Rs 5700
Commodity	NA	Rs 250
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Fyers Vs Nirmal Bang Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

	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
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Compare Fyers and Nirmal Bang Features

The trading platforms offered Fyers include Fyers One (In-house build). Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	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
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Fyers Vs Nirmal Bang Review

Fyers is rated 3.4 of 5 based on 18 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

	Fyers	Nirmal Bang
	18 Customer Reviews	19 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 3.4 of 5 based on 18 customer reviews	Nirmal Bang is rated 2.6 of 5 based on 19 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 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)
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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 - Pros and Cons

	Fyers	Nirmal Bang
Pros	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. 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!	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
Cons	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.	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.
Reviews
Promo / Offers	Free Equity Delivery Trading Get 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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