Fyers vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Fyers vs Zerodha Account Opening Charges: 2024
| Charge | Fyers | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹400 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹300 | ₹300 per year |
Fyers vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Fyers | Zerodha |
|---|---|---|
| Plan Name | Flat Fee Plan | Flat Brokerage Plan |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Fyers vs Zerodha Margin / Exposure: 2024
| Segment | Fyers | Zerodha |
|---|---|---|
| Equity Delivery | 1x | 1x (no margin) |
| Equity Intraday | Upto 5x | Up to 20x (based on the stock) |
| Equity Future | Upto 4x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Upto 5x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | Upto 3x | N/A |