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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.

  Sharekhan Fyers Securities Ltd
 
Sharekhan Logo Fyers Securities Ltd Logo
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... Know more about Sharekhan 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 What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MSEI, MCX NSE, MCX
Account Type What is this parameter? Classic Account Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. 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.
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Stock Broker Fees / Charges

  Sharekhan Fyers Securities Ltd
Trading Account Opening Fees What is this parameter? ₹0 (Free) ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account AMC What is this parameter? ₹400 (Free for 1st year) ₹400
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Fyers Securities Ltd
Account Type Classic Account Flat Fee Brokerage Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.50% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹100 per lot ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? 0.10% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? 0.10% NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

  Sharekhan Fyers Securities Ltd
Account Type Prepaid - ₹1 Lakh Flat Fee Brokerage Plan
Fixed Charges What is this parameter? ₹1,00,000 per year NA
Equity Delivery Brokerage What is this parameter? 0.10% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.015% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.015% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? 0.05% or ₹63 per lot ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? NA
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 3

  Sharekhan Fyers Securities Ltd
Account Type Margin - ₹1 Lakh Flat Fee Brokerage Plan
Fixed Charges What is this parameter? ₹1,00,000 margin NA
Equity Delivery Brokerage What is this parameter? 0.25% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? 1% or ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share
Other Brokerage Charges What is this parameter? Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges What is this parameter? ₹20 per trade
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Taxes

  Sharekhan Fyers Securities Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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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Transaction Charges

  Sharekhan Fyers Securities Ltd
Equity Delivery What is this parameter? NSE ₹325 | BSE ₹275 ₹325 per crore (0.00325%)
Equity Intraday What is this parameter? NSE ₹325 | BSE ₹275 ₹325 per crore (0.00325%)
Equity Futures What is this parameter? NSE ₹190 | BSE ₹50 ₹240 per crore (0.0024%)
Equity Options What is this parameter? NSE ₹5000 | BSE ₹50 ₹5900 per crore (on premium) (0.059%)
Currency Futures What is this parameter? NSE ₹135 | MCX ₹130 ₹240 per crore (0.0024%)
Currency Options What is this parameter? NSE ₹4220 | MCX ₹3220 ₹5900 per crore (on premium) (0.059%)
Commodity What is this parameter? MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 NA
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Exposure

  Sharekhan Fyers Securities Ltd
Equity Delivery What is this parameter? 6.67x for A group stock | 5x to 2.5x for B group stock 1 times
Equity Intraday What is this parameter? 10x for A & B group stock Up to 16x (based on the stock)
Equity Futures What is this parameter? 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 What is this parameter? 0x Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures What is this parameter? Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity What is this parameter? NA
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Share Broker Features

  Sharekhan Fyers Securities Ltd
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes No
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? Yes No
Trading Platform What is this parameter? TradeTiger Fyers One (In-house build)
Intraday Square-off Time What is this parameter? 3:30 PM 3:20 PM
Other Features What is this parameter? Brokerage free thematic investing is available
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Broker Ratings (Average User Rating)

  Sharekhan Fyers Securities Ltd
  274 Customer Reviews    Rate Sharekhan 7 Customer Reviews    Rate Fyers
Fees Ratings 3.1 3.1
Trading Brokerage Rating 2.9 4.3
Trading Platform Usability 3.7 3.3
Customer Service Ratings 3.4 3.9
Overall Ratings Rated 3.3 stars Rated 3.9 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 274 customer reviews Fyers is Rated 3.9 / 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Fyers Securities Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Fyers Securities Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
Other Investment Options What is this parameter? Loans, NRI Trading
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Customer Service Offered

  Sharekhan Fyers Securities Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  Sharekhan Fyers Securities Ltd
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Sharekhan Fyers Securities Ltd
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  Sharekhan Fyers Securities Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Sharekhan Fyers Securities Ltd
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter?
Promo / Offers What is this parameter?

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.

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 Sharekhan Enquire about Fyers
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