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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.

	Zerodha	Fyers Securities Ltd
	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Fyers Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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	Discount Broker	Discount Broker
Supported Exchnage	NSE, BSE, MCX and NCDEX	NSE, MCX
Account Type	Standard Plan	Flat Fee Brokerage Plan
Broker Enquiry

Stock Broker Fees / Charges

	Zerodha	Fyers Securities Ltd
Trading Account Opening Fees	₹300	₹0 (Free)
Trading Account AMC	₹0 (Free)	₹0 (Free)
Demat Account Opening Fees	₹100	₹0 (Free)
Demat Account AMC	₹300	₹400
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	Zerodha	Fyers Securities Ltd
Account Type	Standard Plan	Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage	₹0 (Free)	₹0 (Free)
Equity Intraday Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per executed order or .01% whichever is lower
Equity Options Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per executed order
Currency Futures Trading Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹20 per executed order or .01% whichever is lower	₹20 per executed order
Commodity Futures Trading Brokerage	₹20 per executed order or .01% whichever is lower	NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges	₹0
Other Brokerage Charges	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	₹20 per executed order	₹20 per trade

Taxes

	Zerodha	Fyers Securities Ltd
Securities Transaction Tax (STT)	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	Check table below	Check table below
SEBI Charges	Rs 15 per Crore	Rs 15 per Crore
Goods and Services Tax (GST)	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
Stamp Duty	Charged as per the state of the client's correspondence address.	Charged as per the state of the client's correspondence address.

Transaction Charges

	Zerodha	Fyers Securities Ltd
Equity Delivery	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	₹325 per crore (0.00325%)
Equity Intraday	NSE ₹325 per crore \| BSE ₹1 per trade (each side)	₹325 per crore (0.00325%)
Equity Futures	NSE ₹210 per crore \| BSE ₹1 per trade (each side)	₹240 per crore (0.0024%)
Equity Options	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)	₹5900 per crore (on premium) (0.059%)
Currency Futures	NSE ₹135 per crore (0.00135%)	₹240 per crore (0.0024%)
Currency Options	NSE ₹4400 (on premium) per crore (0.044%)	₹5900 per crore (on premium) (0.059%)
Commodity	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore	NA

Exposure

	Zerodha	Fyers Securities Ltd
Equity Delivery	1x (no margin)	1 times
Equity Intraday	Up to 20x (based on the stock)	Up to 16x (based on the stock)
Equity Futures	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	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	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	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	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span	NA

Share Broker Features

	Zerodha	Fyers Securities Ltd
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Trading Platform	Kite Web, Kite Android/iOS, Pi, Coin	Fyers One (In-house build)
Intraday Square-off Time	3:10 PM	3:20 PM
Other Features	Direct Mutual Funds	Brokerage free thematic investing is available

Broker Ratings (Average User Rating)

	Zerodha	Fyers Securities Ltd
	321 Customer Reviews	7 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.8 / 5 based on 321 customer reviews	Fyers is Rated 3.9 / 5 based on 7 customer reviews

Contact Broker / Request A Call Back

	Zerodha	Fyers Securities Ltd
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Zerodha	Fyers Securities Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Customer Service Offered

	Zerodha	Fyers Securities Ltd
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Zerodha	Fyers Securities Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Research / Tips / Reports Published

	Zerodha	Fyers Securities Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Zerodha	Fyers Securities Ltd
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Zerodha	Fyers Securities Ltd
Pros	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	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	Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
Promo / Offers	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.	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 Zerodha	Enquire about Fyers
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