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Zerodha 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 Zerodha Max Rs 20 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Fyers. Zerodha is rated 4.5 out of 5 where Fyers is rated only 4 out of 5. Number of active customer for Zerodha is 64,75,590 where number of active customer for Fyers is 2,01,641. Zerodha is serving more customer compare to Fyers.

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

	Zerodha	Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX
Active Clients	64,75,590	2,01,641
Broker Overview	Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform...	Rs. 0 delivery trade, Rs. 20 per order brokerage plan, zero brokerage mutual fund investment, and best-in-class and user-friendly advanced technology trading platforms (Fyers Next, Fyers One, Fyers 2.0 App, and Fyers 1.5 Web) make Fyers the best brok...
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Account Opening Charges and AMC

Compare Zerodha vs Fyers on Trading & Demat Account Opening Charges

Comparison of Zerodha with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Fyers

Charges	Zerodha	Fyers
Trading Account Opening Fees	Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 300 PA	Free
Provide DP Service

About Brokerage Plans

Compare Zerodha vs Fyers on Plan Options

Plans are the most important feature you look when compare Zerodha 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 Zerodha with Fyers on Plan Options

Plan Types	Zerodha	Fyers
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Zerodha vs Fyers on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

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

Share Broker's Transaction Charges

Compare Zerodha vs Fyers on Transaction Charges

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

Account Features

Compare Zerodha vs Fyers on Account Features

Compare Zerodha with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Fyers offers only 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 - Zerodha offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Zerodha with Fyers

Account Features Compare	Zerodha	Fyers
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:10 PM	3:15 PM
NRI Trading
Other Features	NIL	Fyers 30 Day Challenge

Trading Platform

Compare Zerodha vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha 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 Zerodha with Fyers

Trading Platform Compare	Zerodha	Fyers
Desktop Trading Platform	Kite By Zerodha	Fyers One
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail		Fyers Web
Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	Zerodha Kite	Fyers 2.0 Mobile App
Mobile Trading App Demo	Zerodha Kite Demo	Fyers 2.0 Mobile App Demo
Android Mobile App
Android App Download	Andriod Zerodha Kite Download	Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS)
iOS App Download	iOS Zerodha Kite Download	iOS Fyers 2.0 Mobile App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Zerodha	Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator	Futures Brokerage Calculator for Zerodha	Futures Brokerage Calculator for Fyers
Options Brokerage Calculator	Options Brokerage Calculator for Zerodha	Options Brokerage Calculator for Fyers
Detail	Detail on Trading Platforms for zerodha	Detail on Trading Platforms for fyers

Broker Ratings by Users

Compare Zerodha vs Fyers on User Rating

	Zerodha	Fyers
	159 Customer Reviews	10 Customer Reviews
Fees Ratings	4.0	3.5
Trading Brokerage Rating	4.5	3.6
Trading Platform Usability	3.7	3.6
Customer Service Ratings	3.8	3.4
Overall Ratings	3.9	3.2
Broker Rating	Zerodha is Rated 3.9 / 5 based on 159 customer reviews	Fyers is Rated 3.2 / 5 based on 10 customer reviews

Investment Offerings

Compare Zerodha vs Fyers on Investment Offerings

Compare Zerodha 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 Zerodha with Fyers

Investment Offerings Compare	Zerodha	Fyers
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare Zerodha vs Fyers on Order Types

Order Type - Compare Zerodha 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) - Fyers provides Bracket Orders (BO) where Zerodha 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- 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 Zerodha with Fyers

Order Type Compare	Zerodha	Fyers
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Zerodha vs Fyers on Customer Service

Compare Zerodha 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 Zerodha with Fyers

Customer Service Compare	Zerodha	Fyers
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	"+ 91 80 4040 2020"	08060001111
Account Opening Process	Online/Paperless	100% online and paperless proc
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://zerodha.com/varsity/	https://fyers.in/school-of-stocks/
Head Office Address	Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078	Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009
Website	https://zerodha.com/	https://fyers.in/

Tips/Research/Reports Published

Compare Zerodha vs Fyers on Research Reports, Tips

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

Research Reports - Compare Zerodha with Fyers

	Zerodha	Fyers
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Zerodha vs Fyers on Demat Account

Compare Zerodha 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 Zerodha is ₹300 pa. Fyers is a better choice in terms of Demat AMC compare to Zerodha.

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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction where for Fyers is ₹10 + ₹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 Zerodha with Fyers

	Zerodha	Fyers
DP Source	CDSL	CDSL
DP ID	81600	432-2019
Demat Account Annual Maintenance Charges(AMC)	₹300 pa	Free
Advance Deposit	Nil	Nil
Statutory charges	₹50	Nil
Transaction Charges on Debit (Per ISIN)	₹8 + ₹5.50 (CDSL Charges) per transaction	₹10 + ₹5.50 (CDSL Charges) per transaction
Demat	₹150 per certificate + ₹100 courier charges	₹100 per certificate
Remat	₹150 per certificate + ₹100 courier charges + CDSL Charges	₹100 per certificate + CDSL Charges
Pledge Creation	₹20 + ₹12 CSDL charges	₹50 + ₹12 CSDL charges
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	₹20 + ₹12 CSDL charges	₹50 + ₹12 CSDL charges
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	₹20	₹50
Failed Instruction Charges	₹50 per instraction	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Zerodha vs Fyers on Special Offers and Promotion

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

Compare Zerodha vs Fyers on Special Offers and Promotion

	Zerodha	Fyers
Pay In and Pay Out Options	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite 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 Fyers Mobile, Fyers One and Fyers Web. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Max 24 hrs except for bank holidays	Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges	Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).	24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail	HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240	Fyers Securities, Account Number:00090340002376 Bank and Branch: HDFC Bank,Kasturba Road, Bangalore Account Type: Current Account IFSC Code: HDFC0000009
Likes	Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows; 0 brokerage on delivery trades. Max Rs. 20 brokerage on intraday and F&O trades. Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank). Zero brokerage investment in direct mutual funds on Coin. 100% online account opening and account closure facility. Apply for IPO (Mainboard IPO and BSE SME & NSE SME IPO) online for Free. Kite superfast and feature-rich web and app trading platform. No upfront fee or commitment. Zerodha Varsity, a free stock-market learning platform for beginners. Zerodha offers NRI Trading services. Free UPI-based hassle-free fund transfer process. Advanced order placement facility; bracket order, cover order, and after-market order. Zerodha GTT (Good Till Triggered) order feature. Zero minimum deposit. No hidden charges. Zero-level Debt Company. Detail Review...	Brokerage free delivery trading and investment in mutual funds. Pay Rs. 20 flat brokerage fee on intraday and F&O trades. Zero brokerage direct mutual fund investment. Invest in an idea or theme-based portfolio with Fyers Thematic Investing. Apply for OFS, SGBs, and invest in G-sec and T-bills. Best-class trading platforms across web, app, and desktop software. Get additional F&O margin by pledging your holdings. Fyers Insights provide comprehensive stock fundamental and technical insights. Advanced orders like bracket order, cover order, after-market order, and basket order. Place Good Till Triggered (GTT) order. Invest in Sovereign Gold Bond with Fyers. Gifting shares, ETFs, and mutual funds in Fyers. Fyers School of Stocks, a free stock market learning platform. Get free access to Fyers API. Zero payment gateway charges. Zero pledge charges. No proprietary trading. No hidden cost. Detail Review...
Dislikes	Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility. High call & trade charges of Rs. 50 per executed order. High auto square-off charges of Rs. 50 per executed order. Lifetime Zero Demat AMC account is not available. Zerodha does not provide Free Unlimited Monthly Brokerage Plan. The 3-in-1 account opening facility is only available with IDFC First Bank. Detail Review...	Fyers Direct mutual fund platform is not available as a mobile app. Fyers does not provide intraday tips, research, and advisory services. It does not offer a 3-in-1 account opening facility. Detail Review...
Special Offers/Promo	Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry	Open Zerodha Account Now>>	Open Fyers Account Now>>

FAQs