Fyers Vs RMoney (Compare Fyers and RMoney)

The side-by-side comparison of Fyers and RMoney. Compare Fyers Vs RMoney brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Fyers vs RMoney?


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... Know more about Fyers Securities Ltd


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Fyers Vs RMoney

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Fyers RMoney
Type of Broker Discount Broker Discount Broker
Supported Exchnages NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Flat Fee Brokerage Plan Zero Brokerage Plans
Year of Incorporation 2015
Number of Branches 0
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 RMoney. Leave your contact info and we will get in touch with you.
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Fyers Vs RMoney Charges & AMC

Fyers trading account opening charges is ₹400 (Free) while RMoney account opening changes is ₹199. Fyers Demat Account AMC Charges is ₹300 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  Fyers RMoney
Trading Account Opening Charges ₹400 (Free) ₹199
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) ₹0 (Free)
Demat Account AMC Charges ₹300 ₹0 for lifetime (Free)
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Fyers Vs RMoney Brokerage Charges & Plans

Fyers Vs RMoney Brokerage

Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  Fyers RMoney
Account Type Flat Fee Brokerage Plan Zero Brokerage Plans
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per executed order ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Fyers Vs RMoney Brokerage Plan 2

  Fyers RMoney
Account Type Flat Fee Brokerage Plan Happy Service Plan
Fixed Charges NA NA
Equity Delivery Brokerage ₹0 (Free) 0.10% to 0.40%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.01% to 0.04%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.005% to 0.02%
Equity Options Brokerage ₹20 per executed order ₹20 to ₹80 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.005% to 0.02%
Currency Options Trading Brokerage ₹20 per executed order 0.005% to 0.02%
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.005% to 0.02%
Commodity Options Trading Brokerage ₹20 per executed order
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Fyers Charges Vs RMoney

Minimum Brokerage Charges Intra-day: ₹7 or 2.5% whichever is lower ₹0
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments) Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹20 per trade ₹0 (Unlimited Calls)
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Fyers Vs RMoney Transaction Charges

Fyers transaction charges for options is ₹5900 per Cr (on premium) (0.059%) while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  Fyers RMoney
Equity Delivery ₹325 per Cr (0.00325%) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday ₹325 per Cr (0.00325%) NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures ₹240 per Cr (0.0024%) NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options ₹5900 per Cr (on premium) (0.059%) NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures ₹240 per Cr (0.0024%) NSE, BSE - ₹150 per crore (0.0015%)
Currency Options ₹5900 per Cr (on premium) (0.059%) NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity NA MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Fyers Vs RMoney Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  Fyers RMoney
Equity Delivery 1 times Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Up to 16x (based on the stock) 20x (5%) (Intraday Only)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - 100X (1%)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) Intraday - 100X (1%)
Commodity Futures NA Intraday - 77X (1.3%)
Commodity Options
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Compare Fyers and RMoney Features

The trading platforms offered Fyers include Fyers One (In-house build). RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Fyers RMoney
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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Fyers One (In-house build) RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:20 PM Equity 3:15 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs RMoney Review

Fyers is rated 4.0 of 5 based on 14 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

  Fyers RMoney
  14 Customer Reviews    Rate Fyers 3 Customer Reviews    Rate RMoney
Fees 3.6 4.7
Trading Brokerage 4.0 4.7
Trading Platform Usability 3.6 4.3
Customer Service 4.3 4.0
Research Capabilities 2.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating Fyers is rated 4.0 of 5 based on 14 customer reviews RMoney is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire RMoney Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Fyers Vs RMoney Investment Options

  Fyers RMoney
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 Corporate FD, Life Instance, General Insurance
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Fyers Vs RMoney Order Type Offered

  Fyers RMoney
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
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 RMoney Research Report

  Fyers RMoney
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes
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Fyers Vs RMoney Suitable For Investor Type

  Fyers RMoney
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Fyers Vs RMoney - Pros and Cons

  Fyers RMoney
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!
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
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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.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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