Zerodha Vs Fyers Share Broker Comparison
The side-by-side comparison of Zerodha and Fyers Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha 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 Zerodha and Fyers.
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Zerodha |
Fyers Securities Ltd |
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| About the Broker |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...  |
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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Discount Broker |
Discount Broker |
| Supported Exchnage
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NSE, BSE, MCX and NCDEX |
NSE, MCX |
| Account Type
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Standard Plan |
Flat Fee Brokerage Plan |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Zerodha |
Fyers Securities Ltd |
| Trading Account Opening Fees
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₹300 |
₹0 (Free) |
| Trading Account AMC
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₹0 (Free) |
₹0 (Free) |
| Demat Account Opening Fees
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₹100 |
₹0 (Free) |
| Demat Account AMC
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₹300 |
₹400 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Zerodha |
Fyers Securities Ltd |
| Account Type |
Standard Plan |
Flat Fee Brokerage Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
₹0 (Free) |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or .01% whichever is lower |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or .01% whichever is lower |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order or .01% whichever is lower |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
₹20 per executed order |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
NA |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0 |
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| Other Brokerage Charges
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Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS |
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 executed order |
₹20 per trade |
Taxes
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Zerodha |
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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Zerodha |
Fyers Securities Ltd |
| Equity Delivery
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
₹325 per crore (0.00325%) |
| Equity Intraday
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
₹325 per crore (0.00325%) |
| Equity Futures
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NSE ₹210 per crore | BSE ₹1 per trade (each side) |
₹240 per crore (0.0024%) |
| Equity Options
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NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
₹5900 per crore (on premium) (0.059%) |
| Currency Futures
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NSE ₹135 per crore (0.00135%) |
₹240 per crore (0.0024%) |
| Currency Options
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NSE ₹4400 (on premium) per crore (0.044%) |
₹5900 per crore (on premium) (0.059%) |
| Commodity
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Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
NA |
Exposure
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Zerodha |
Fyers Securities Ltd |
| Equity Delivery
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1x (no margin) |
1 times |
| Equity Intraday
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Up to 20x (based on the stock) |
Up to 16x (based on the stock) |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
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) |
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) |
Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
NA |
Share Broker Features
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Zerodha |
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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Kite Web, Kite Android/iOS, Pi, Coin |
Fyers One (In-house build) |
| Intraday Square-off Time
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3:10 PM |
3:20 PM |
| Other Features
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Direct Mutual Funds |
Brokerage free thematic investing is available |
Broker Ratings (Average User Rating)
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Zerodha |
Fyers Securities Ltd |
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327 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 |
Zerodha is Rated 3.8 / 5 based on 327 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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Zerodha |
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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Customer Service Offered
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Zerodha |
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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Zerodha |
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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Zerodha |
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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Zerodha |
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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Zerodha |
Fyers Securities Ltd |
| Pros
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- Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
- Excellent trading platforms made available for free to all its customers.
- Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
- Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
- 10% referral credit for reffering new customers.
- Direct Mutual Fund Investment is available.
- Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
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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- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
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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Useful Articles about Zerodha:
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| Promo / Offers
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Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call 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 Zerodha
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Enquire about Fyers
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Zerodha
Zero Account Opening Fee