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Zerodha Vs Fyers (Compare Zerodha and Fyers)

Zerodha Logo

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). Ze... Know more about Zerodha

Fyers Securities Ltd Logo

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... 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
Exchnage Membership NSE, BSE, MCX and NCDEX NSE, MCX
Year of Incorporation 2010 2015
Number of Branches 22 0
Open Zerodha AccountOpen Fyers Account

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Zerodha Vs Fyers Charges & AMC

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

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Zerodha Vs Fyers Brokerage

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.

Zerodha Charges Vs Fyers

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

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Zerodha Vs Fyers Transaction Charges

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 AccountOpen Fyers Account

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Zerodha Vs Fyers Leverage (Margin)

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 AccountOpen Fyers Account

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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 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 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? Yes
Referral Program Yes Yes
Other Features Direct Mutual Funds, APIs for Algo Trading Brokerage free thematic investing is available
Open Zerodha AccountOpen Fyers Account

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Zerodha Vs Fyers Review

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    Rate Zerodha 29 Customer Reviews    Rate Fyers
Fees 3.7 3.2
Brokerage 4.3 3.6
Trading Platform 3.6 3.2
Customer Service 3.4 3.1
Research Capabilities 2.9 2.2
Overall Ratings Rated 3.7 stars Rated 3.0 stars
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

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Contact Broker / Request A Call Back

  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.

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Zerodha Vs Fyers Investment Options

  Zerodha Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 No 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
Open Zerodha AccountOpen Fyers Account

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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 Yes
Active Investor Yes Yes
Trader Yes Yes

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Zerodha Vs Fyers - Pros and Cons

  Zerodha Fyers
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

Zerodha Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Open Zerodha AccountOpen Fyers Account

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.

     


1 Comments

1. Manjunatha Prasad   I Like It. | Report Abuse |   Link | Jan 21, 2022 10:50:44 PM Reply
My experience with FYERS is very bad and poor and discouraging. Many a time , their server hangs up and we loose good opportunities. Trading screen in the laptop simply becomes non responsive .
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.

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