Zerodha Vs Fyers (Compare Zerodha and Fyers)

Zerodha Vs Fyers

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
Supported Exchnages	NSE, BSE, MCX and NCDEX	NSE, MCX
Account Type	Flat Brokerage Plan	Flat Fee Brokerage Plan
Year of Incorporation	2010	2015
Number of Branches	22	0
Broker Enquiry
	Enquire Zerodha	Enquire Fyers

Zerodha Vs Fyers Charges & AMC

Zerodha trading account opening charges is ₹200 while Fyers account opening changes is ₹400 (Free). Zerodha Demat Account AMC Charges is ₹300 and Fyers Demat Account AMC Charges is ₹300.

	Zerodha	Fyers
Trading Account Opening Charges	₹200	₹400 (Free)
Trading Account AMC Charges	₹0 (Free)	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹300	₹300

Zerodha Vs Fyers Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

	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 .03% whichever is lower	₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage	₹20 per executed order or .03% whichever is lower	₹20 per executed order or .03% whichever is lower
Equity Options Brokerage	₹20 per executed order	₹20 per executed order
Currency Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	₹20 per executed order or .03% whichever is lower	₹20 per executed order
Commodity Futures Trading Brokerage	₹20 per executed order or .03% whichever is lower	₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	₹20 per executed order or .03% whichever is lower	₹20 per executed order
Special Offer	Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer	Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

Zerodha Charges Vs Fyers

Minimum Brokerage Charges	0.03% in Intraday and F&O	Intra-day: ₹7 or 2.5% whichever is lower
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

Zerodha Vs Fyers Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Fyers exchange transaction charges for options is ₹5900 per Cr (on premium) (0.059%).

	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%) (on premium)	₹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 ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)	₹5900 per Cr (on premium) (0.059%)
Commodity	Group A - ₹260 per Cr (0.0026%)	NA
	Enquire Zerodha	Enquire Fyers

Zerodha Vs Fyers Leverage (Margin)

Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

	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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Compare Zerodha and Fyers Features

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	Fyers One (In-house build)
Intraday Square-off Time	3:10 PM	3:20 PM
Other Features	Direct Mutual Funds, APIs for Algo Trading	Brokerage free thematic investing is available
Referral Program
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Zerodha Vs Fyers Review

Zerodha is rated 3.7 of 5 based on 387 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

	Zerodha	Fyers
	387 Customer Reviews	14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 387 customer reviews	Fyers is rated 4.0 of 5 based on 14 customer reviews

Zerodha Vs Fyers Investment Options

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

Zerodha Vs Fyers Order Type Offered

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

Zerodha Vs Fyers Research Report

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

Zerodha Vs Fyers Suitable For Investor Type

	Zerodha	Fyers
Casual Investor
Active Investor
Trader

Zerodha Vs Fyers - Pros and Cons

	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 0.03% 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.	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!
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.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
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.	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 Fyers, simply leave your contact information with us and Fyers representatives will call you.
	Enquire Zerodha	Enquire Fyers

1. 1. Is Fyers better than Zerodha?

   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
   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.
   Zerodha offers API though an add-on service Streak which is charged extra.	Fyers offers API Bridge for Algo trading.
   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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