Fyers vs Alice Blue Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
Fyers vs Alice Blue Account Opening Charges: 2024
| Charge | Fyers | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹400 |
Fyers vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | Fyers | Alice Blue |
|---|---|---|
| Plan Name | Flat Fee Plan | Freedom 15 Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | ₹15 per order or 0.01% whichever is lower |
| Equity Options | ₹20 per executed order | ₹15 per order |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | ₹15 per order or 0.01% whichever is lower |
| Currency Options | ₹20 per executed order | ₹15 per order |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
Fyers vs Alice Blue Margin / Exposure: 2024
| Segment | Fyers | Alice Blue |
|---|---|---|
| Equity Delivery | 1x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | Upto 5x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | Upto 4x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | Upto 5x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | Upto 3x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | Upto 3x | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | Upto 3x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | Upto 3x | N/A |