Fyers vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Fyers vs Nirmal Bang Account Opening Charges: 2024
| Charge | Fyers | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹200 per year |
Fyers vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Fyers | Nirmal Bang |
|---|---|---|
| Plan Name | Flat Fee Plan | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | 0.02% |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | 0.02% |
| Equity Options | ₹20 per executed order | ₹35 |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | 0.02% |
| Currency Options | ₹20 per executed order | ₹20 |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | 0.01% |
| Mutual Fund | N/A | N/A |
Fyers vs Nirmal Bang Margin / Exposure: 2024
| Segment | Fyers | Nirmal Bang |
|---|---|---|
| Equity Delivery | 1x | Upto 10x |
| Equity Intraday | Upto 5x | Upto 4x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | Upto 5x | Upto 2x for shorting |
| Currency Future | Upto 3x | Upto 2x for shorting |
| Currency Options | Upto 3x | Upto 3x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | Upto 3x | N/A |