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

ChargeFyersNirmal 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

ChargeFyersNirmal Bang
Plan NameFlat Fee PlanN/A
Equity Delivery₹00.2%
Equity Intraday₹20 per executed order or 0.03% whichever is less0.02%
Equity Futures₹20 per executed order or 0.03% whichever is less0.02%
Equity Options₹20 per executed order₹35
Currency Futures₹20 per executed order or 0.03% whichever is less0.02%
Currency Options₹20 per executed order₹20
Commodity OptionsFutures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order0.01%
Mutual FundN/AN/A

Fyers vs Nirmal Bang Margin / Exposure: 2024

SegmentFyersNirmal Bang
Equity Delivery1xUpto 10x
Equity IntradayUpto 5xUpto 4x
Equity FutureUpto 4xUpto 4x
Equity OptionsUpto 5xUpto 2x for shorting
Currency FutureUpto 3xUpto 2x for shorting
Currency OptionsUpto 3xUpto 3x
Commodity FutureUpto 3xUpto 3x
Commodity OptionsUpto 3xN/A

Fyers vs Nirmal Bang 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 Nirmal Bang Charges 0.02% for Currency futures and ₹20 for Currency options.

Fyers vs Nirmal Bang Commodity Charges and Plans: 2024

Fyers charge Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order for commodity and Nirmal Bang charge 0.01% for commodity.
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