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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) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... 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 What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? NSE, BSE, MCX and NCDEX NSE, MCX
Account Type What is this parameter? 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 What is this parameter? ₹300 ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹100 ₹0 (Free)
Demat Account AMC What is this parameter? ₹300 ₹400
Demat Account is Mandatory? What is this parameter? 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 What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) ₹0 (Free)
Equity Intraday Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹0
Other Brokerage Charges What is this parameter? 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 What is this parameter? ₹20 per executed order ₹20 per trade
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Taxes

  Zerodha 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

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

  Zerodha Fyers Securities Ltd
Equity Delivery What is this parameter? 1x (no margin) 1 times
Equity Intraday What is this parameter? Up to 20x (based on the stock) Up to 16x (based on the stock)
Equity Futures What is this parameter? 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 What is this parameter? 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 What is this parameter? 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 What is this parameter? 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 What is this parameter? 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 What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes No
Online Portfolio What is this parameter? No Yes
Margin Trading Funding Available What is this parameter? No No
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Kite Web, Kite Android/iOS, Pi, Coin Fyers One (In-house build)
Intraday Square-off Time What is this parameter? 3:10 PM 3:20 PM
Other Features What is this parameter? Direct Mutual Funds Brokerage free thematic investing is available
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Broker Ratings (Average User Rating)

  Zerodha Fyers Securities Ltd
  327 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 3.8 stars Rated 3.6 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 327 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 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? No No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? No No
Debt What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

  Zerodha 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? No No
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Order Type

  Zerodha Fyers Securities Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
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?
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Research / Tips / Reports Published

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

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

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Pros, Cons and Other Review Comments

  Zerodha Fyers Securities Ltd
Pros What is this parameter?
  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?

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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