Sharekhan Vs Fyers (Compare Sharekhan and Fyers)


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan


Fyers
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", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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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
Account Type Classic Account Flat Fee Brokerage Plan
Year of Incorporation 2000 2015
Number of Branches 2800 0
Open an Online Trading Account with Sharekhan.Open an Online Trading Account with Fyers.
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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
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Sharekhan Vs Fyers Brokerage Charges & Plans

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

  Sharekhan Fyers
Equity Delivery Upto 5x with 24% interest per year 1 times
Equity Intraday Upto 10x Up to 16x (based on the stock)
Equity Futures 2x for Intraday 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 Upto 2x for Intraday NA
Commodity Options
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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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Yes No
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 Yes
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Sharekhan Vs Fyers Review

Sharekhan is rated 3.3 of 5 based on 298 customer reviews whereas Fyers is rated 3.4 of 5 based on 18 customer reviews.

  Sharekhan Fyers
  298 Customer Reviews    Rate Sharekhan 18 Customer Reviews    Rate Fyers
Fees 3.0 3.4
Brokerage 2.8 3.8
Trading Platform 3.7 3.4
Customer Service 3.3 3.6
Research Capabilities 2.9 1.5
Overall Ratings Rated 3.3 stars Rated 3.4 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 298 customer reviews Fyers is rated 3.4 of 5 based on 18 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire Fyers Enquire
Contact Broker

Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.

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.

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Sharekhan Vs Fyers Investment Options

  Sharekhan Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Loans, NRI Trading
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Sharekhan Vs Fyers Order Type Offered

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

  Sharekhan Fyers
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Sharekhan Vs Fyers Suitable For Investor Type

  Sharekhan Fyers
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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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.

Enquire SharekhanOpen Fyers Account

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