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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 Logo Fyers Securities Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX NSE, MCX
Account Type Standard Plan Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with Zerodha. 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

  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
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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 ₹20 per executed order or .01% whichever is lower

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
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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.
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Transaction Charges

  Zerodha Fyers Securities Ltd
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325 per crore (0.00325%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325 per crore (0.00325%)
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) ₹240 per crore (0.0024%)
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) ₹5900 per crore (on premium) (0.059%)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) ₹240 per crore (0.0024%)
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) ₹5900 per crore (on premium) (0.059%)
Commodity Group A - ₹260 per Cr (0.0026%) NA
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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
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Share Broker Features

  Zerodha Fyers Securities Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile Fyers One (In-house build)
Intraday Square-off Time 3:10 PM 3:20 PM
Other Features Direct Mutual Funds, APIs Brokerage free thematic investing is available
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Broker Ratings (Average User Rating)

  Zerodha Fyers Securities Ltd
  330 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Fyers
Fees Ratings 3.8 3.1
Trading Brokerage Rating 4.4 3.9
Trading Platform Usability 3.6 3.0
Customer Service Ratings 3.5 4.0
Overall Ratings Rated 3.7 stars Rated 3.6 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

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

  Zerodha Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD No No
Debt No No
Other Investment Options
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Customer Service Offered

  Zerodha Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Order Type

  Zerodha Fyers Securities Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No
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Research / Tips / Reports Published

  Zerodha Fyers Securities Ltd
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Zerodha Fyers Securities Ltd
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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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:
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. 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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