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Finvasia Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Fyers is 2,31,738 where number of active customer for Finvasia is 1,21,529. Fyers is serving more customer compare to Finvasia.

Here we present side-by-side comparison of Finvasia vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs Fyers on Service

  Finvasia Compare
Finvasia
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 1,21,529 2,31,738
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare Finvasia vs Fyers on Trading & Demat Account Opening Charges

Comparison of Finvasia with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Finvasia with Fyers
Charges Finvasia Fyers
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Fyers on Plan Options

Plans are the most important feature you look when compare Finvasia with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Finvasia with Fyers on Plan Options
Plan Types Finvasia Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Finvasia vs Fyers on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Finvasia with Fyers
Brokerage Charges Compare Finvasia Fyers
Plan Name Zero Brokerage Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Rs 0 Free
Equity Intraday Rs 0 0.03% or Rs 20 whichever is lower
Equity Futures Rs 0 0.03% or Rs 20 whichever is lower
Equity Options Rs 0 Flat Fee Rs 20
Currency Futures Rs 0 0.03% or Rs 20 whichever is lower
Currency Options Rs 0 Flat Fee Rs 20
Commodity Trading Rs 0 Flat Fee Rs 20
Minimum Brokerage NA NIL
Hidden Charges No No
Funding Yes, 24% interest PA No
Call & Trade Charges Free Rs 50 Per Order
Auto Square off Charges Free Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Finvasia vs Fyers on Transaction Charges

Compare Finvasia with Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with Fyers
Transaction Charges Compare Finvasia Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for fyers
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Account Features

Compare Finvasia vs Fyers on Account Features

Compare Finvasia with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Finvasia offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Finvasia with Fyers
Account Features Compare Finvasia Fyers
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Finvasia vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with Fyers
Trading Platform Compare Finvasia Fyers
Desktop Trading Platform OMNESYS NEST Fyers One
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ Fyers Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Fyers 2.0 Mobile App
Mobile Trading App Demo SCALPERT Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Finvasia vs Fyers on User Rating

  Finvasia Fyers
  17 Customer Reviews    Rate Finvasia 10 Customer Reviews    Rate Fyers
Fees Ratings 4.3 3.5
Trading Brokerage Rating 4.6 3.6
Trading Platform Usability 4.0 3.6
Customer Service Ratings 3.5 3.4
Overall Ratings 4.2 3.2
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Finvasia vs Fyers on Investment Offerings

Compare Finvasia with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with Fyers
Investment Offerings Compare Finvasia Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs Fyers on Order Types

Order Type - Compare Finvasia with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Fyers offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Fyers
Order Type Compare Finvasia Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Finvasia vs Fyers on Customer Service

Compare Finvasia with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with Fyers
Customer Service Compare Finvasia Fyers
24/7 Customer Service Finvasia vs Fyers - 24x7 customer support No No
Email Support Finvasia vs Fyers - Email Support Yes Yes
Onine Live Chat Finvasia vs Fyers - Onine Live Chat Yes No
Phone Support Finvasia vs Fyers - Phone Support Yes Yes
Toll Free Number Finvasia vs Fyers - Toll Free Number No No
Through Branches Finvasia vs Fyers - Through Branches No No
Customer Care Number Finvasia vs Fyers - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 08060001111
Account Opening Process Finvasia vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Finvasia vs Fyers - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Fyers - Knowledge Center/Education https://finvasia.com/announcements https://fyers.in/school-of-stocks/
Head Office Address Finvasia vs Fyers - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Finvasia vs Fyers - Company Website https://www.finvasia.com/ https://fyers.in/
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Tips/Research/Reports Published

Compare Finvasia vs Fyers on Research Reports, Tips

Compare Finvasia with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with Fyers
  Finvasia Fyers
Research Mutual Funds Finvasia vs Fyers - Research Mutual Funds No No
Research Equity Reports Finvasia vs Fyers - Research Equity Reports No No
Research ETF Finvasia vs Fyers - Research ETF No No
Daily Market Report Finvasia vs Fyers - Daily Market Report No No
Free Tips Finvasia vs Fyers - Free Tips No No
Quarterly Result Analysis Finvasia vs Fyers - Quarterly Results No No
News Alerts Finvasia vs Fyers - No Yes
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Demat Account

Compare Finvasia vs Fyers on Demat Account

Compare Finvasia with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Both the brokers offer Free Demat AMC.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with Fyers
  Finvasia Fyers
DP Source CDSL CDSL
DP ID Finvasia vs Fyers - DP ID 84300 432-2019
Demat Account Annual Maintenance Charges(AMC) Free Free
Advance Deposit Rs 0 Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹15 per certificate ₹0
Remat ₹15 for every hundred securities + CDSL Charges ₹0
Pledge Creation ₹25 per transaction Nil
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction Nil
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction Nil
Failed Instruction Charges ₹49 Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Fyers on Special Offers and Promotion

Compare Finvasia with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs Fyers on Special Offers and Promotion
  Finvasia Fyers
Pay In and Pay Out Options Finvasia vs Fyers - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Finvasia vs Fyers - Payout Time Up to 24 hrs except for bank holidays. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Finvasia vs Fyers - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00