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Fyers Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Fyers Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Fyers is having overall higher rating compare to Nuvama Wealth. Fyers is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Fyers is 2,04,904 where number of active customer for Nuvama Wealth is 1,74,748. Fyers is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of Fyers vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Fyers vs Nuvama Wealth'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 Fyers vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Fyers vs Nuvama Wealth'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 Fyers vs Nuvama Wealth on Service

  Fyers Compare
Fyers
Nuvama Wealth Compare
Nuvama Wealth
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 BSE, NSE, MCX, NCDEX
Active Clients 2,04,904 1,74,748
Broker Overview 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 One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from Fyers Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare Fyers vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Fyers with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Fyers with Nuvama Wealth
Charges Fyers Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Fyers vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Fyers with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where Fyers doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Fyers with Nuvama Wealth on Plan Options
Plan Types Fyers Nuvama Wealth
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Fyers Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Fyers vs Nuvama Wealth on Brokerage Charges

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

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare Fyers with Nuvama Wealth
Brokerage Charges Compare Fyers Nuvama Wealth
Plan Name Max Rs 20 Per Order Trading Plan Nuvama Lite
Equity Delivery Free Flat Rs. 10 per executed order
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 20 0.01%
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Order Rs 20 per call
Auto Square off Charges Rs 50 Per Order Rs 20
Brokerage Calculator Brokerage Calculator for Fyers Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Fyers vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Fyers with Nuvama Wealth
Transaction Charges Compare Fyers Nuvama Wealth
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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for fyers Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Fyers vs Nuvama Wealth on Account Features

Compare Fyers with Nuvama Wealth 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 - Nuvama Wealth offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI where Fyers doesn't offers NRI Trading.

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

Compare Fyers vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers and Nuvama Wealth. 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 Fyers with Nuvama Wealth
Trading Platform Compare Fyers Nuvama Wealth
Desktop Trading Platform Fyers One Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Fyers Web https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Fyers 2.0 Mobile App Nuvama Mobile Trader
Mobile Trading App Demo Fyers 2.0 Mobile App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Fyers 2.0 Mobile App Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Fyers 2.0 Mobile App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Fyers Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for fyers Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Fyers vs Nuvama Wealth on User Rating

  Fyers Nuvama Wealth
  10 Customer Reviews    Rate Fyers 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.5 2.8
Trading Brokerage Rating 3.6 3.0
Trading Platform Usability 3.6 3.5
Customer Service Ratings 3.4 1.8
Overall Ratings 3.2 2.0
Broker Rating Fyers is Rated 3.2 / 5 based on 10 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Fyers vs Nuvama Wealth on Investment Offerings

Compare Fyers with Nuvama Wealth 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) - Nuvama Wealth provides PMS Service where Fyers doesn't offer

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

Compare Fyers vs Nuvama Wealth on Order Types

Order Type - Compare Fyers with Nuvama Wealth 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) - Fyers provide Bracket Orders (BO) where Nuvama Wealth doesn't offer.With the name its cleare 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 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 Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

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

Compare Fyers vs Nuvama Wealth on Customer Service

Compare Fyers with Nuvama Wealth 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 Fyers with Nuvama Wealth
Customer Service Compare Fyers Nuvama Wealth
24/7 Customer Service Fyers vs Nuvama Wealth - 24x7 customer support No No
Email Support Fyers vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Fyers vs Nuvama Wealth - Onine Live Chat No No
Phone Support Fyers vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Fyers vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Fyers vs Nuvama Wealth - Through Branches No Yes
Customer Care Number Fyers vs Nuvama Wealth - Customer Care Number 08060001111 1800 102 3335
Account Opening Process Fyers vs Nuvama Wealth - Account Opening Process 100% online and paperless proc Online/Paperless
Customer Support Email Fyers vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Fyers vs Nuvama Wealth - Knowledge Center/Education https://fyers.in/school-of-stocks/ https://www.nuvamawealth.com/investology
Head Office Address Fyers vs Nuvama Wealth - Head Office Address/Corporate Address Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Fyers vs Nuvama Wealth - Company Website https://fyers.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Fyers vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Fyers vs Nuvama Wealth on Demat Account

Compare Fyers with Nuvama Wealth 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 Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction where for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.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 Fyers with Nuvama Wealth
  Fyers Nuvama Wealth
DP Source CDSL CDSL
DP ID Fyers vs Nuvama Wealth - DP ID 432-2019 19100
Demat Account Annual Maintenance Charges(AMC) Free Free (₹1500 one time charges)
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹7 + ₹5.50 (CDSL Charges) per transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹0 ₹2 per certificate + ₹30 courier charges
Remat ₹0 ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation Nil 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Fyers vs Nuvama Wealth on Special Offers and Promotion

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

Compare Fyers vs Nuvama Wealth on Special Offers and Promotion
  Fyers Nuvama Wealth
Pay In and Pay Out Options Fyers vs Nuvama Wealth - Pay In and Pay Out Options 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
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Fyers vs Nuvama Wealth - Payout Time Up to 24 Hrs except for Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Fyers vs Nuvama Wealth - Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Info Not Available
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • 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...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

Dislikes
  • 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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo
Enquiry Open Fyers Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-01-08T01:50:46+00:00