Sharekhan Vs Fyers Share Broker Comparison
The side-by-side comparison of Sharekhan and Fyers Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Fyers's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Fyers.
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Sharekhan |
Fyers Securities Ltd |
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| About the Broker |
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 & f...  |
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... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MSEI, MCX |
NSE, MCX |
| Account Type
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Classic Account |
Flat Fee Brokerage Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Sharekhan |
Fyers Securities Ltd |
| Trading Account Opening Fees
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₹0 (Free) |
₹0 (Free) |
| Trading Account AMC
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₹0 (Free) |
₹0 (Free) |
| Demat Account Opening Fees
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₹0 (Free) |
₹0 (Free) |
| Demat Account AMC
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₹400 (Free for 1st year) |
₹400 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Sharekhan |
Fyers Securities Ltd |
| Account Type |
Classic Account |
Flat Fee Brokerage Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹100 per lot |
₹20 per executed order |
| Currency Futures Trading Brokerage
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0.10% |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹30 per lot |
₹20 per executed order |
| Commodity Futures Trading Brokerage
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0.10% |
NA |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Sharekhan |
Fyers Securities Ltd |
| Account Type |
Prepaid - ₹1 Lakh |
Flat Fee Brokerage Plan |
| Fixed Charges
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₹1,00,000 per year |
NA |
| Equity Delivery Brokerage
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0.10% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.015% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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0.05% or ₹63 per lot |
₹20 per executed order |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order |
| Commodity Futures Trading Brokerage
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NA |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Sharekhan |
Fyers Securities Ltd |
| Account Type |
Margin - ₹1 Lakh |
Flat Fee Brokerage Plan |
| Fixed Charges
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₹1,00,000 margin |
NA |
| Equity Delivery Brokerage
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0.25% |
₹0 (Free) |
| Equity Intraday Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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0.05% |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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1% or ₹70 per lot |
₹20 per executed order |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order |
| Commodity Futures Trading Brokerage
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NA |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share |
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| Other Brokerage Charges
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Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments) |
| Call & Trade Charges
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₹20 per trade |
Taxes
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Sharekhan |
Fyers Securities Ltd |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Sharekhan |
Fyers Securities Ltd |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
₹325 per crore (0.00325%) |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
₹325 per crore (0.00325%) |
| Equity Futures
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NSE ₹190 | BSE ₹50 |
₹240 per crore (0.0024%) |
| Equity Options
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NSE ₹5000 | BSE ₹50 |
₹5900 per crore (on premium) (0.059%) |
| Currency Futures
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NSE ₹135 | MCX ₹130 |
₹240 per crore (0.0024%) |
| Currency Options
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NSE ₹4220 | MCX ₹3220 |
₹5900 per crore (on premium) (0.059%) |
| Commodity
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MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 |
NA |
Exposure
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Sharekhan |
Fyers Securities Ltd |
| Equity Delivery
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6.67x for A group stock | 5x to 2.5x for B group stock |
1 times |
| Equity Intraday
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10x for A & B group stock |
Up to 16x (based on the stock) |
| Equity Futures
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66.67x for Indices futures | 40x to 22.5x for stock futures |
Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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0x |
Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x |
| Currency Futures
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Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options
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Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) |
| Commodity
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NA |
Share Broker Features
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Sharekhan |
Fyers Securities Ltd |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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TradeTiger |
Fyers One (In-house build) |
| Intraday Square-off Time
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3:30 PM |
3:20 PM |
| Other Features
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Brokerage free thematic investing is available |
Broker Ratings (Average User Rating)
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Sharekhan |
Fyers Securities Ltd |
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274 Customer Reviews  |
8 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Sharekhan is Rated 3.3 / 5 based on 274 customer reviews |
Fyers is Rated 3.6 / 5 based on 8 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Sharekhan |
Fyers Securities Ltd |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Loans, NRI Trading |
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Customer Service Offered
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Sharekhan |
Fyers Securities Ltd |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Sharekhan |
Fyers Securities Ltd |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Sharekhan |
Fyers Securities Ltd |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Sharekhan |
Fyers Securities Ltd |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Sharekhan |
Fyers Securities Ltd |
| Pros
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- 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.
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
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- 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 ₹400 as AMC for trading account in addition to ₹400 for demat account.
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
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| Promo / Offers
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Free Trading & Demat Account (for limited time only)
Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.
This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.
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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. |
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Enquire about Sharekhan
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Enquire about Fyers
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Zerodha
Zero Account Opening Fee