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About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
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About Fyers
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', representing the core values of the company.
The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India.
Fyers is a low brokerage stock broker in...
Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.
| Zerodha | Fyers | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX and NCDEX | NSE, MCX |
| Year of Incorporation | 2010 | 2015 |
| Number of Branches | 22 | 0 |
| Open Zerodha Account | Open Fyers Account |
Zerodha trading account opening charges is Rs 200 while Fyers account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Fyers Demat Account AMC Charges is Rs 300.
| Zerodha | Fyers | |
|---|---|---|
| Trading Account Opening Charges | Rs 200 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 300 |
Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.
| Account Type | Zerodha Flat Brokerage Plan | Fyers Flat Fee Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per executed order or .03% whichever is lower | Rs 20 per executed order |
| Special Offer | Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. |
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. |
| Minimum Brokerage | 0.03% in Intraday and F&O | Intra-day: Rs 7 or 2.5% whichever is lower |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments) |
| Call & Trade Charges | Rs 50 per executed order | Rs 20 per trade |
Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).
| Zerodha | Fyers | |
|---|---|---|
| Equity Delivery | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Futures | NSE Rs 200 per Cr (0.002%) | Rs 240 per Cr (0.0024%) |
| Equity Options | NSE Rs 5300 per Cr (0.053%) (on premium) | Rs 5900 per Cr (on premium) (0.059%) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | Rs 240 per Cr (0.0024%) |
| Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | Rs 5900 per Cr (on premium) (0.059%) |
| Commodity | Group A - Rs 260 per Cr (0.0026%) | NA |
| Open Zerodha Account | Open Fyers Account |
Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Zerodha | Fyers | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Zerodha Account | Open Fyers Account |
The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Fyers offers Fyers One (In-house build) trading software.
| Zerodha | Fyers | |
|---|---|---|
| 3 in 1 Account |  |
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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 | |
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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 | Kite Web, Kite Mobile for Android/iOS and Coin | Fyers One (In-house build) |
| Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:20 PM |
| Trading In SME Shares Allowed? | |
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| Referral Program | |
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| Other Features | Direct Mutual Funds, APIs for Algo Trading | Brokerage free thematic investing is available |
| Open Zerodha Account | Open Fyers Account |
Zerodha is rated 3.7 of 5 based on 459 customer reviews whereas Fyers is rated 3.0 of 5 based on 29 customer reviews.
| Zerodha | Fyers | |
|---|---|---|
459 Customer Reviews  |
29 Customer Reviews |
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| Broker Rating | Zerodha is rated 3.7 of 5 based on 459 customer reviews | Fyers is rated 3.0 of 5 based on 29 customer reviews |
| Zerodha Enquire | Fyers Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. |
| Zerodha | Fyers | |
|---|---|---|
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| Commodity | |
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| IPO | |
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| Bond / NCD | |
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| Zerodha | Fyers | |
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| 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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| Good Till Cancelled (GTC) | |
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| Open Zerodha Account | Open Fyers Account |
| Zerodha | Fyers | |
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| 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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| Zerodha | Fyers | |
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| Casual Investor | |
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| Zerodha | Fyers | |
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| Reviews | ||
| Promo / Offers | Zerodha Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. |
| Open Zerodha Account | Open Fyers Account |
Fyers and Zerodha are both online discount brokers. They offer similar services and have the same brokerage rates. They both are technology-focused brokers. Zerodha is the largest discount broker while Fyers is carving out its own niche in the market. Both companies are transparent with their pricing and work towards gaining customer confidence.
| Zerodha | Fyers |
|---|---|
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Zerodha doesn't offer Installable Trading Terminal. |
Fyers offer an installable trading terminal. It is in-house build software which is among the best in industry. |
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Zerodha offers API though an add-on service Streak which is charged extra. |
Fyers offers API Bridge for Algo trading. |
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Zerodha is offering brokerage services since 2010. |
Fyers offering services since 2015. |
For casual investors, Zerodha and Fyers are almost the same. Both offer free equity delivery and Rs 20 per order on other types of trades. Zerodha offers Varsity, an online investor education platform to learn and sharpen your trading knowledge.
Zerodha has a slight advantage over Fyers for its long industry experience and ability to handle lakhs of customers.
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Open Zerodha Account
The worst things are yet to be mentioned.
1. They make money out of our mistakes !!. Their trading software is not at all user friendly. Instead , quite misleading and prompts us go hay way. Then unknowingly you press some commands and alas , you are gone.
2. Unlike other broking firms , FYERS donot ask 2nd confirmation before placing any orders . It is quite possible for some typo errors or oversight. But, you are gone.
3. During Intraday trading , if you sell your holdings(CNC) then it appears as SHORT with a negative sign till the end of the day, which is totally absurd and confusing the investor.
4. Similar is the case if we convert intraday buys to CNC to avoid huge loss in a steep falling market , the position / previous order box will still appear with the loss amount. Once it is successfully converted to CNC , the old orders / commands should not appear any more, is it not.
5. Many a times , we are not able to modify the orders to our requirement. Simply some error message keeps coming and we are stuck.
6. Getting support / help in time is a very remote chance. Even if we get some one on phone line , they give excuses like , " I am fresh " , or the concerned team is not available or some thing of that sort. They do not own up the problems in their server / system or the software, and investor is subjected to huge loss.
7. Many feedbacks for improvements have gone in vain.
8. The fees and charges they claim to be very low is quite untrue. The actual spending of the investor is not explained with different trade types in their TOOLS or PRICES sections. many things are HIDDEN.
9.They may have investors of different knowledge level , tech abilities etc. As a good broker , they should consider even a beginner or not so professional trader to be in their clientele.
10. I will be happy if they respond with a positive approach.