Fyers vs Interactive Brokers 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 Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

Fyers vs Interactive Brokers Account Opening Charges: 2024

ChargeFyersInteractive Brokers
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹400 ₹0
Trading Account AMC₹0₹0
Demat Account AMC₹300 ₹0

Fyers vs Interactive Brokers Brokerage Charges and Plans : 2024

ChargeFyersInteractive Brokers
Plan NameFlat Fee PlanN/A
Equity Delivery₹0Minimum ₹6 and Upto ₹20 per executed order
Equity Intraday₹20 per executed order or 0.03% whichever is lessMinimum ₹6 and Upto ₹20 per executed order
Equity Futures₹20 per executed order or 0.03% whichever is lessMinimum ₹6 and Upto ₹20 per executed order
Equity Options₹20 per executed orderMinimum ₹6 and Upto ₹20 per executed order
Currency Futures₹20 per executed order or 0.03% whichever is lessMinimum ₹6 and Upto ₹20 per executed order
Currency Options₹20 per executed orderMinimum ₹6 and Upto ₹20 per executed order
Commodity OptionsFutures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed orderN/A
Mutual FundN/AN/A

Fyers vs Interactive Brokers Margin / Exposure: 2024

SegmentFyersInteractive Brokers
Equity Delivery1xN/A
Equity IntradayUpto 5xN/A
Equity FutureUpto 4xN/A
Equity OptionsUpto 5xN/A
Currency FutureUpto 3xN/A
Currency OptionsUpto 3xN/A
Commodity FutureUpto 3xN/A
Commodity OptionsUpto 3xN/A

Fyers vs Interactive Brokers Currency Charges and Plans: 2024

Fyers charge ₹20 per executed order or 0.03% whichever is less for Currency Futures and ₹20 per executed order for Currency Options whereas Interactive Brokers Charges Minimum ₹6 and Upto ₹20 per executed order for Currency futures and Minimum ₹6 and Upto ₹20 per executed order for Currency options.
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FyersInteractive Brokers
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