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 demat and trading account Review.webp

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

ChargeFyersZerodha
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

ChargeFyersZerodha
Plan NameFlat Fee PlanFlat Brokerage Plan
Equity Delivery₹0₹0 (Free)
Equity Intraday₹20 per executed order or 0.03% whichever is lessFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity Futures₹20 per executed order or 0.03% whichever is lessFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity Options₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency Futures₹20 per executed order or 0.03% whichever is lessFlat ₹20 or 0.03% (whichever is lower) per executed order
Currency Options₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity OptionsFutures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed orderFlat ₹20 or 0.03% (whichever is lower) per executed order
Mutual FundN/A₹0 (Free Unlimited Direct MF)

Fyers vs Zerodha Margin / Exposure: 2024

SegmentFyersZerodha
Equity Delivery1x1x (no margin)
Equity IntradayUpto 5xUp to 20x (based on the stock)
Equity FutureUpto 4xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsUpto 5xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency FutureUpto 3xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsUpto 3xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity FutureUpto 3xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity OptionsUpto 3xN/A

Fyers vs Zerodha 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 Zerodha Charges Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency futures and Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency options.

Fyers vs Zerodha 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 Zerodha charge Flat ₹20 or 0.03% (whichever is lower) per executed order for commodity.
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