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
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.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||BSE, NSE, MCX|
|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...|
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 Account Opening Fees||Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 PA||Free|
|Provide DP Service|
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.
|Account Opening Request|
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.
|Brokerage Charges Compare||Zerodha||Fyers|
|Plan Name||Max Rs 20 per order Trading Plan||Max Rs 20 Per Order Trading Plan|
|Equity Intraday||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower|
|Equity Futures||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or Rs 20 whichever is lower||0.03% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity Trading||Flat Fee Rs 20||Flat Fee Rs 20|
|Funding||Info Not Available||No|
|Call & Trade Charges||Rs 50 Per Executable Order||Rs 50 Per Order|
|Auto Square off Charges||Rs 50 Per Executable Order||Rs 50 Per Order|
|Brokerage Calculator||Brokerage Calculator for Zerodha||Brokerage Calculator for Fyers|
Compare Zerodha with Fyers on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Zerodha||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 360 Per Cr | Agri: Rs 275 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for zerodha||Complete Brokerage Plans for fyers|
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 Compare||Zerodha||Fyers|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||3:15 PM|
|Other Features||NIL||Fyers 30 Day Challenge|
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||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 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|
|159 Customer Reviews||10 Customer Reviews|
|Trading Brokerage Rating||4.5||3.6|
|Trading Platform Usability||3.7||3.6|
|Customer Service Ratings||3.8||3.4|
|Broker Rating||Zerodha is Rated 3.9 / 5 based on 159 customer reviews||Fyers is Rated 3.2 / 5 based on 10 customer reviews|
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||Fyers|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
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 Type Compare||Zerodha||Fyers|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||Zerodha||Fyers|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|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]|
|Head Office Address||Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Compare Zerodha with Fyers on research reports and tips provided by the broker.
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 Account Annual Maintenance Charges(AMC)||₹300 pa||Free|
|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|
|Failed Instruction Charges||₹50 per instraction||Nil|
Compare Zerodha with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|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
Branch: Sandoz Branch, Mumbai
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;
Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha
|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>>|
Last Updated on 2023-11-03T04:37:47+00:00
Zerodha is the well-known broker in the discount broking space and Fyers is relatively a new broker in the industry, still growing at a faster pace due to continue product portfolio expansion and cheapest brokerage model. Let’s find out the detailed comparison between Zerodha and Fyers to find out which one to choose?
Which broker is best; Zerodha Vs Fyers
|Basis of difference||Zerodha Broking Ltd||Fyers Securities Pvt Ltd|
|Account opening charges||
|Brokerage Charges||Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment||Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment|
|Products||Large portfolio i.e. Equity, derivative, commodity, currency, IPO, direct mutual funds, bonds, etc.||Limited i.e. Equity, derivative, commodity, currency, online IPO investment, and direct mutual funds but does not offer fixed income products.|
|Trading Platforms||Zerodha Kite App and Web, Zerodha Coin for Direct MF investment, and Partner platforms: Smallcase, streak, Sensibull, Sentinel, etc.||Fyers App, Fyers One, Fyers Web, and Fyers Direct MF Investment Platform|
|NRI Trading||Zerodha offers NRI trading services.||Fyers doesn’t offer online trading services to NRIs.|
Despite free Fyers trading account and similar brokerage charges, Zerodha is the best broker due to its strong brand name, large client base, NRI trading services, third-party trading platforms, large product portfolio, and online IPO investment.