Zerodha Vs Fyers (Compare Zerodha and Fyers)

The side-by-side comparison of Zerodha and Fyers. Compare Zerodha Vs Fyers brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Fyers?


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha Review 2020 Zero... Know more about Zerodha


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... Know more about Fyers Securities Ltd

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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 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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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
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Zerodha Vs Fyers Brokerage Charges & Plans

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
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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
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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 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 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 Yes Yes
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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    Rate Zerodha 14 Customer Reviews    Rate Fyers
Fees 3.7 3.6
Trading Brokerage 4.3 4.0
Trading Platform Usability 3.6 3.6
Customer Service 3.4 4.3
Research Capabilities 2.6 2.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
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
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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

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. 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 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) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes 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 - 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 ZerodhaEnquire Fyers

Frequently Asked Questions

  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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