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IDBI Direct Vs Fyers: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Fyers offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Fyers ranges between Rs 20. IDBI Direct is a Full Service Broker where Fyers is a Discount Broker. IDBI Direct is having overall lower rating compare to Fyers. IDBI Direct is rated only 3.5 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Fyers is 2,14,075 where number of active customer for IDBI Direct is 54,478. Fyers is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Fyers on Service

  IDBI Direct Compare
IDBI Direct
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX
Active Clients 54,478 2,14,075
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs Fyers on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Fyers 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 IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Fyers
Charges IDBI Direct Fyers
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Fyers on Plan Options

Plans are the most important feature you look when compare IDBI Direct 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 IDBI Direct with Fyers on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs Fyers on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with Fyers
Brokerage Charges Compare IDBI Direct Fyers
Plan Name Flat Brokerage PLan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.20% Free
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order Flat Fee Rs 20
Commodity Trading NA Flat Fee Rs 20
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Free Rs 50 Per Order
Auto Square off Charges NA Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare IDBI Direct vs Fyers on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Fyers
Transaction Charges Compare IDBI Direct 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 NA NA
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for fyers
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Account Features

Compare IDBI Direct vs Fyers on Account Features

Compare IDBI Direct with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Fyers offers only 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - IDBI Direct offers NRI where Fyers doesn't offers NRI Trading.

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

Compare IDBI Direct vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with Fyers
Trading Platform Compare IDBI Direct Fyers
Desktop Trading Platform Infinity 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.idbicapital.com/ Fyers Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Fyers 2.0 Mobile App
Mobile Trading App Demo Info Not Available Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Fyers 2.0 Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare IDBI Direct vs Fyers on User Rating

  IDBI Direct Fyers
  31 Customer Reviews    Rate IDBI Direct 10 Customer Reviews    Rate Fyers
Fees Ratings 3.0 3.5
Trading Brokerage Rating 2.5 3.6
Trading Platform Usability 2.6 3.6
Customer Service Ratings 2.7 3.4
Overall Ratings 2.7 3.2
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare IDBI Direct vs Fyers on Investment Offerings

Compare IDBI Direct 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 - Fyers offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with Fyers
Investment Offerings Compare IDBI Direct Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Fyers on Order Types

Order Type - Compare IDBI Direct 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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Fyers
Order Type Compare IDBI Direct 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 Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Fyers on Customer Service

Compare IDBI Direct 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 IDBI Direct with Fyers
Customer Service Compare IDBI Direct Fyers
24/7 Customer Service IDBI Direct vs Fyers - 24x7 customer support No No
Email Support IDBI Direct vs Fyers - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Fyers - Onine Live Chat No No
Phone Support IDBI Direct vs Fyers - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Fyers - Toll Free Number Yes No
Through Branches IDBI Direct vs Fyers - Through Branches Yes No
Customer Care Number IDBI Direct vs Fyers - Customer Care Number 022-3913 5001 08060001111
Account Opening Process IDBI Direct vs Fyers - Account Opening Process Info Not Available 100% online and paperless proc
Customer Support Email IDBI Direct vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Fyers - Knowledge Center/Education Info Not Available https://fyers.in/school-of-stocks/
Head Office Address IDBI Direct vs Fyers - Head Office Address/Corporate Address Info Not Available Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website IDBI Direct vs Fyers - Company Website https://www.idbidirect.in/ https://fyers.in/
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Tips/Research/Reports Published

Compare IDBI Direct vs Fyers on Research Reports, Tips

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

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

Compare IDBI Direct vs Fyers on Demat Account

Compare IDBI Direct 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.

Demat AMC for Fyers is Free where for IDBI Direct is ₹350 pa. Fyers is a better choice in terms of Demat AMC compare to IDBI Direct.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 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 IDBI Direct with Fyers
  IDBI Direct Fyers
DP Source CDSL CDSL
DP ID IDBI Direct vs Fyers - DP ID No 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Free
Advance Deposit NO Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹0
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹0
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher Nil
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Fyers on Special Offers and Promotion

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

Compare IDBI Direct vs Fyers on Special Offers and Promotion
  IDBI Direct Fyers
Pay In and Pay Out Options IDBI Direct vs Fyers - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs Fyers - Payout Time Info Not Available Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges IDBI Direct vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Info Not Available Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00