Geojit Vs Fyers (Compare Geojit and Fyers)

Geojit Vs Fyers

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

	Geojit	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX-SX	NSE, MCX
Year of Incorporation	1987	2015
Number of Branches	509	0
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Geojit Vs Fyers Charges & AMC

Geojit trading account opening charges is Rs 425 while Fyers account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 700 and Fyers Demat Account AMC Charges is Rs 300.

	Geojit	Fyers
Trading Account Opening Charges	Rs 425	Rs 0 (Free)
Trading Account AMC Charges	NIL	Rs 0 (Free)
Demat Account Opening Charges	NIL	Rs 0 (Free)
Demat Account AMC Charges	Rs 700	Rs 300

Geojit Vs Fyers Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

	Geojit	Fyers
Account Type	Online Trading	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30%	Rs 0 (Free)
Equity Intraday	0.03%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.03%	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 125 per contract	Rs 20 per executed order
Currency Futures	0.03%	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 125 per contract	Rs 20 per executed order
Commodity Futures	NA	Rs 20 per executed order or .03% whichever is lower
Commodity Options	NA	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.

Geojit Charges Vs Fyers

Minimum Brokerage	1p per share or Rs 20/contract whichever is higher	Intra-day: Rs 7 or 2.5% whichever is lower
Other 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

Geojit Vs Fyers Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

	Geojit	Fyers
Equity Delivery	Rs 325 per Cr (0.00325%)	Rs 325 per Cr (0.00325%)
Equity Intraday	Rs 325 per Cr (0.00325%)	Rs 325 per Cr (0.00325%)
Equity Futures	Rs 210 per Cr (0.0021%)	Rs 240 per Cr (0.0024%)
Equity Options	Rs 5500 per Cr (0.05%)	Rs 5900 per Cr (on premium) (0.059%)
Currency Futures	Rs 145 per Cr (0.00145%)	Rs 240 per Cr (0.0024%)
Currency Options	Rs 4730 per Cr (0.0473%) on premium	Rs 5900 per Cr (on premium) (0.059%)
Commodity	NA	NA
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Geojit Vs Fyers Leverage (Margin)

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

	Geojit	Fyers
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 Geojit and Fyers Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Fyers offers Fyers One (In-house build) trading software.

	Geojit	Fyers
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	Selfie Platinum, Selfie Gold, Mobile App	Fyers One (In-house build)
Intraday Square-off Time		3:20 PM
Other Features		Brokerage free thematic investing is available
Referral Program
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Geojit Vs Fyers Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

	Geojit	Fyers
	102 Customer Reviews	21 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.7 of 5 based on 102 customer reviews	Fyers is rated 3.2 of 5 based on 21 customer reviews

Geojit Vs Fyers Investment Options

	Geojit	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Geojit Vs Fyers Order Type Offered

	Geojit	Fyers
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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Geojit Vs Fyers Research Report

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

Geojit Vs Fyers Suitable For Investor Type

	Geojit	Fyers
Casual Investor
Active Investor
Trader

Geojit Vs Fyers - Pros and Cons

	Geojit	Fyers
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!
Cons	1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
Reviews
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.
	Enquire Geojit	Open Fyers Account