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.
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
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 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
Charge | Fyers | Interactive Brokers |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹400 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 | ₹0 |
Charge | Fyers | Interactive Brokers |
---|---|---|
Plan Name | Flat Fee Plan | N/A |
Equity Delivery | ₹0 | Minimum ₹6 and Upto ₹20 per executed order |
Equity Intraday | ₹20 per executed order or 0.03% whichever is less | Minimum ₹6 and Upto ₹20 per executed order |
Equity Futures | ₹20 per executed order or 0.03% whichever is less | Minimum ₹6 and Upto ₹20 per executed order |
Equity Options | ₹20 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
Currency Futures | ₹20 per executed order or 0.03% whichever is less | Minimum ₹6 and Upto ₹20 per executed order |
Currency Options | ₹20 per executed order | Minimum ₹6 and Upto ₹20 per executed order |
Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | N/A |
Mutual Fund | N/A | N/A |
Segment | Fyers | Interactive Brokers |
---|---|---|
Equity Delivery | 1x | N/A |
Equity Intraday | Upto 5x | N/A |
Equity Future | Upto 4x | N/A |
Equity Options | Upto 5x | N/A |
Currency Future | Upto 3x | N/A |
Currency Options | Upto 3x | N/A |
Commodity Future | Upto 3x | N/A |
Commodity Options | Upto 3x | N/A |
Fyers | Interactive Brokers |
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