Fyers Vs RMoney (Compare Fyers and RMoney)

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
Exchnage Membership	NSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation	2015
Number of Branches	0
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Fyers Vs RMoney Charges & AMC

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

	Fyers	RMoney
Trading Account Opening Charges	Rs 0 (Free)	Rs 199
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 0 for lifetime (Free)

Fyers Vs RMoney Brokerage

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

	Fyers	RMoney
Account Type	Flat Fee Brokerage Plan	Zero Brokerage Plans
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	Rs 18 per executed order or .01% whichever is lower
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 18 per executed order or .01% whichever is lower
Equity Options	Rs 20 per executed order	Rs 18 per executed order or .01% whichever is lower
Currency Futures	Rs 20 per executed order or .03% whichever is lower	Rs 18 per executed order or .01% whichever is lower
Currency Options	Rs 20 per executed order	Rs 18 per executed order or .01% whichever is lower
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 18 per executed order or .01% whichever is lower
Commodity Options	Rs 20 per executed order
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.	Special Offer: RMoney Rs 0 Account Opening Fee + Rs 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	Rs 0 (Free)	0.10% to 0.40%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.01% to 0.04%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.005% to 0.02%
Equity Options	Rs 20 per executed order	Rs 20 to Rs 80 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.005% to 0.02%
Currency Options	Rs 20 per executed order	0.005% to 0.02%
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.005% to 0.02%
Commodity Options	Rs 20 per executed order
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Fyers Charges Vs RMoney

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

Fyers Vs RMoney Transaction Charges

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

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

Fyers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the RMoney margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Fyers	RMoney
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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Fyers Vs RMoney Review

Fyers is rated 3.2 of 5 based on 21 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

	Fyers	RMoney
	21 Customer Reviews	4 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Fyers is rated 3.2 of 5 based on 21 customer reviews	RMoney is rated 3.8 of 5 based on 4 customer reviews

Fyers Vs RMoney Investment Options

	Fyers	RMoney
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Corporate FD, Life Instance, General Insurance

Fyers Vs RMoney Order Type Offered

	Fyers	RMoney
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 RMoney Research Report

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

Fyers Vs RMoney Suitable For Investor Type

	Fyers	RMoney
Casual Investor
Active Investor
Trader

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 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!	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. 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.	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. 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. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.	Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat Rs 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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