Sharekhan Vs Fyers (Compare Sharekhan and Fyers)

Sharekhan Vs Fyers

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

	Sharekhan	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	NSE, MCX
Year of Incorporation	2000	2015
Number of Branches	2800	0
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Sharekhan Vs Fyers Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Fyers Demat Account AMC Charges is Rs 300.

	Sharekhan	Fyers
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
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 400 (Free for 1st year)	Rs 300

Sharekhan Vs Fyers Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

	Sharekhan	Fyers
Account Type	Classic Account	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.50%	Rs 0 (Free)
Equity Intraday	0.10%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.10%	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 50 per lot	Rs 20 per executed order
Currency Futures	0.10%	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 30 per lot	Rs 20 per executed order
Commodity Futures	0.03%	Rs 20 per executed order or .03% whichever is lower
Commodity Options	0.03%	Rs 20 per executed order
Special Offer	Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.	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.

Sharekhan Vs Fyers Brokerage Plan 2

	Sharekhan	Fyers
Account Type	Prepaid - ₹1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	Rs 0 (Free)
Equity Intraday	0.015%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.015%	Rs 20 per executed order or .03% whichever is lower
Equity Options	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures		Rs 20 per executed order or .03% whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		Rs 20 per executed order or .03% whichever is lower
Commodity Options		Rs 20 per executed order
	Enquire Sharekhan	Open Fyers Account

Sharekhan Vs Fyers Brokerage Plan 3

	Sharekhan	Fyers
Account Type	Margin - ₹1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	Rs 0 (Free)
Equity Intraday	0.05%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.05%	Rs 20 per executed order or .03% whichever is lower
Equity Options	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures		Rs 20 per executed order or .03% whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		Rs 20 per executed order or .03% whichever is lower
Commodity Options		Rs 20 per executed order
	Enquire Sharekhan	Open Fyers Account

Sharekhan Charges Vs Fyers

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	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	Rs 20 per trade

Sharekhan Vs Fyers Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

	Sharekhan	Fyers
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	Rs 325 per Cr (0.00325%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)	Rs 325 per Cr (0.00325%)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side)	Rs 240 per Cr (0.0024%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium)	Rs 5900 per Cr (on premium) (0.059%)
Currency Futures	NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%)	Rs 240 per Cr (0.0024%)
Currency Options	NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium)	Rs 5900 per Cr (on premium) (0.059%)
Commodity	MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%)	NA
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Sharekhan Vs Fyers Leverage (Margin)

Sharekhan 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.

	Sharekhan	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 Sharekhan and Fyers Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Fyers offers Fyers One (In-house build) trading software.

	Sharekhan	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	TradeTiger, Sharekhan Mobile	Fyers One (In-house build)
Intraday Square-off Time	3:30 PM	3:20 PM
Other Features	Pattern finder, Class room training	Brokerage free thematic investing is available
Referral Program
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Sharekhan Vs Fyers Review

Sharekhan is rated 3.3 of 5 based on 301 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

	Sharekhan	Fyers
	301 Customer Reviews	21 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 301 customer reviews	Fyers is rated 3.2 of 5 based on 21 customer reviews

Sharekhan Vs Fyers Investment Options

	Sharekhan	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading

Sharekhan Vs Fyers Order Type Offered

	Sharekhan	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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Sharekhan Vs Fyers Research Report

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

Sharekhan Vs Fyers Suitable For Investor Type

	Sharekhan	Fyers
Casual Investor
Active Investor
Trader

Sharekhan Vs Fyers - Pros and Cons

	Sharekhan	Fyers
Pros	It has a strong network of over 1950 branches across India. The fund transfer from and to the trading account is free. The share transfer from and to the DP account is free when trading from Sharekhan trading account. The 'TradeTiger' is the most popular trading terminal in India. Brokerage Plan "Prepaid AMC schemes" are available for high volume traders. Stock SIP is available. Loan against shares, margin funding, ipo financing and ESOP funding is available.	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	Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services. Sharekhan brokerage is high in comparison to the discount brokers. Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
Reviews
Promo / Offers	Rs 0 Account Opening (for a limited time only) Get FREE Account Opening. FREE Research courage across all segments. 1 Year FREE access to TradeTiger Trading Terminal. This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.	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.
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