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
Supported Exchnages	BSE, NSE, MCX-SX	NSE, MCX
Account Type	Online Trading	Flat Fee Brokerage Plan
Year of Incorporation	1987	2015
Number of Branches	509	0
Broker Enquiry
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Geojit Vs Fyers Charges & AMC

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

	Geojit	Fyers
Trading Account Opening Charges	₹425	₹0 (Free)
Trading Account AMC Charges	NIL	₹0 (Free)
Demat Account Opening Charges	NIL	₹0 (Free)
Demat Account AMC Charges	₹0	₹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 ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

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

Geojit Charges Vs Fyers

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

Geojit Vs Fyers Transaction Charges

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

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

Geojit provides the margin of Upto 10x for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

	Geojit	Fyers
Equity Delivery	Upto 7x with 22% interest per year	1 times
Equity Intraday	Upto 10x	Up to 16x (based on the stock)
Equity Futures	No additional leverage	Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	No additional leverage	Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures	No additional leverage	Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	No additional leverage	Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures	NA	NA
Commodity Options
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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 Available
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 3.8 of 5 based on 98 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

	Geojit	Fyers
	98 Customer Reviews	14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.8 of 5 based on 98 customer reviews	Fyers is rated 4.0 of 5 based on 14 customer reviews

Geojit Vs Fyers Investment Options

	Geojit	Fyers
Stock / Equity
Commodity
Currency
Initial Public Offers (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 ₹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 ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹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 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.
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