Zerodha Vs Fyers (Compare Zerodha and Fyers)

The side-by-side comparison of Zerodha and Fyers. Compare Zerodha Vs Fyers brokerage, charges, exposure margin, demat account. Read Fyers and Zerodha review.

Find out Zerodha Vs Fyers which is better and Zerodha Vs Fyers which is best.

Our Zerodha comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between Zerodha and Fyers.

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Zerodha Vs Fyers

  Zerodha Fyers
Find more info about broker
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 ₹20 per executed o... 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 Flat Brokerage 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.
Year of Incorporation 2010 2015
Number of Branches 22 0
Enquire Zerodha Enquire Fyers
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Zerodha Vs Fyers Charges

  Zerodha Fyers
Trading Account Opening Fees ₹200 ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹300 ₹400
Demat Account is Mandatory? No No
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Zerodha Vs Fyers Brokerage

Brokerage Plan 1

  Zerodha Fyers
Account Type Flat Brokerage 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
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer
Special Offer: FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

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 ₹50 per executed order ₹20 per trade
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Zerodha Vs Fyers Taxes

  Zerodha Fyers
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Zerodha Vs Fyers Transaction Charges

  Zerodha Fyers
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325 per Cr (0.00325%)
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325 per Cr (0.00325%)
Equity Futures NSE ₹190 per Cr (0.0019%) ₹240 per Cr (0.0024%)
Equity Options NSE ₹5000 per Cr (0.05%) ₹5900 per Cr (on premium) (0.059%)
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) ₹240 per Cr (0.0024%)
Currency Options NSE ₹70 per Cr (0.0007%) | BSE ₹100 per Cr (0.001%) (on premium) ₹5900 per Cr (on premium) (0.059%)
Commodity Group A - ₹260 per Cr (0.0026%) NA
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Zerodha Vs Fyers Exposure Margin

  Zerodha Fyers
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 Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span NA
Commodity Options
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Zerodha and Fyers Feature Comparison

  Zerodha Fyers
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) Yes
Margin Against Shares (Equity F&O) Yes
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
Referral Program Yes Yes
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Zerodha Vs Fyers Review

  Zerodha Fyers
  369 Customer Reviews    Rate Zerodha 13 Customer Reviews    Rate Fyers
Fees 3.8 3.6
Trading Brokerage 4.3 3.9
Trading Platform Usability 3.6 3.6
Customer Service 3.5 4.2
Research Capabilities 2.0 2.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 369 customer reviews Fyers is Rated 4.0 / 5 based on 13 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Fyers Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

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Zerodha Vs Fyers Investment Options

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

  Zerodha Fyers
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No No
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Zerodha Vs Fyers Order Type Offered

  Zerodha Fyers
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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Zerodha Vs Fyers Research Report

  Zerodha Fyers
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Zerodha Vs Fyers Suitable For Investor Type

  Zerodha Fyers
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs Fyers - Advantages and Disadvantages

  Zerodha Fyers
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.

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 ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free Demat account.

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
Promo / Offers

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.

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