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SBI Securities Vs Fyers (Compare SBI Securities and Fyers)

The side-by-side comparison of SBI Securities and Fyers. Compare SBI Securities Vs Fyers brokerage, charges, exposure margin, demat account. Read Fyers and SBI Securities review.

Find out SBI Securities Vs Fyers which is better and SBI Securities Vs Fyers which is best.

Our SBICAP Securities Ltd comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between SBI Securities and Fyers.

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SBI Securities Vs Fyers

  SBICAP Securities Ltd Fyers Securities Ltd
 
SBICAP Securities Ltd Logo Fyers Securities Ltd Logo
About the Broker SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd. Services offered by SBICAP includes Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services and E-Broking. They also provide online trading ... Know more about SBICAP Securities Ltd 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", representi... Know more about Fyers Securities Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE NSE, MCX
Account Type eZ-trade Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 2015
Number of Branches 1
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SBI Securities Vs Fyers Charges

  SBICAP Securities Ltd Fyers Securities Ltd
Trading Account Opening Fees ₹850 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹350 ₹400
Demat Account is Mandatory? No No
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SBI Securities Vs Fyers Brokerage

Brokerage Plan 1

  SBICAP Securities Ltd Fyers Securities Ltd
Account Type eZ-trade Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹100 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.03% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA

Other Charges

Minimum Brokerage Charges ₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹10 per call (after 30 free calls a month) ₹20 per trade
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SBI Securities Vs Fyers Taxes

  SBICAP Securities Ltd Fyers Securities Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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SBI Securities Vs Fyers Transaction Charges

  SBICAP Securities Ltd Fyers Securities Ltd
Equity Delivery NSE: 0.00386% | BSE: 0.00384% ₹325 per crore (0.00325%)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% ₹325 per crore (0.00325%)
Equity Futures NSE: 0.002206% (₹221/Crore) ₹240 per crore (0.0024%)
Equity Options NSE: 0.05515% (₹5515/Crore) ₹5900 per crore (on premium) (0.059%)
Currency Futures 0.002206% ₹240 per crore (0.0024%)
Currency Options NSE: 0.05515% (₹5515/Crore) ₹5900 per crore (on premium) (0.059%)
Commodity NA
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SBI Securities Vs Fyers Exposure Margin

  SBICAP Securities Ltd Fyers Securities Ltd
Equity Delivery 2x with Intrest 1 times
Equity Intraday Upto 5x Up to 16x (based on the stock)
Equity Futures Nil Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Nil Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Nil Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil 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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SBI Securities and Fyers Feature Comparison

  SBICAP Securities Ltd Fyers Securities Ltd
3 in 1 Account Yes No
Charting No Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile Fyers One (In-house build)
Intraday Square-off Time 2:45 PM 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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SBI Securities Vs Fyers Review

  SBICAP Securities Ltd Fyers Securities Ltd
  126 Customer Reviews    Rate SBI Securities 8 Customer Reviews    Rate Fyers
Fees Ratings 3.2 3.1
Trading Brokerage Rating 2.8 3.9
Trading Platform Usability 2.7 3.0
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.6 stars Rated 3.6 stars
Broker Rating SBI Securities is Rated 2.6 / 5 based on 126 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  SBICAP Securities Ltd Fyers Securities Ltd
Contact / Request Call Back
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SBI Securities Vs Fyers Investment Options

  SBICAP Securities Ltd Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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SBI Securities Vs Fyers Customer Service

  SBICAP Securities Ltd Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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SBI Securities Vs Fyers Order Type Offered

  SBICAP Securities Ltd Fyers Securities Ltd
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
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SBI Securities Vs Fyers Research Report

  SBICAP Securities Ltd Fyers Securities Ltd
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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SBI Securities Vs Fyers Suitable For Investor Type

  SBICAP Securities Ltd Fyers Securities Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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SBI Securities Vs Fyers - Advantages and Disadvantages

  SBICAP Securities Ltd Fyers Securities Ltd
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.

More Advantages...

  • 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!

More Advantages...

Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about SBI Securities Enquire about Fyers
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