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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Fyers | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹400 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 | ₹300 per year (paid monthly) |
Charge | Fyers | Upstox |
---|---|---|
Plan Name | Flat Fee Plan | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹20 per executed order or 0.03% whichever is less | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | ₹20 per executed order or 0.03% whichever is less | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | ₹20 per executed order or 0.03% whichever is less | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Fyers | Upstox |
---|---|---|
Equity Delivery | 1x | 1x (no margin) |
Equity Intraday | Upto 5x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | Upto 4x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | Upto 5x | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | Upto 3x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | Upto 3x | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | Upto 3x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | Upto 3x | N/A |