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Sharekhan Vs Fyers Vs Nuvama Wealth: Which one is better?

The brokerage of Sharekhan ranges between 0.1 to 0.5%, the brokerage of Fyers ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker Fyers and Nuvama Wealth are a discount brokers where Sharekhan is a full service broker. Overall rating for Sharekhan is 4, Fyers is rated 4, Nuvama Wealth is rated 3.5 out of 5.

Here we present side-by-side comparison of Sharekhan vs Fyers vs Nuvama Wealth stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Sharekhan vs Fyers vs Nuvama Wealth on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Sharekhan vs Fyers vs Nuvama Wealth in this setion with 360 degree view of broker information.

Compare Sharekhan vs Fyers vs Nuvama Wealth on Service

  Sharekhan Compare
Sharekhan
Fyers Compare
Fyers
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan 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 Sharekhan Request call back from Fyers Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

In this section we have compared Sharekhan vs Fyers vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) as AMC for Demat account, Fyers charges 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 Sharekhan vs Fyers vs Nuvama Wealth
Charges Sharekhan Fyers Nuvama Wealth
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Free Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Fyers vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Sharekhan vs Fyers vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Sharekhan and Nuvama Wealth offers Multiple Plans where Fyers doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Sharekhan Fyers Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Fyers vs Nuvama Wealthon Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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 Sharekhan vs Fyers vs Nuvama Wealth
Brokerage Charges Compare Sharekhan Fyers Nuvama Wealth
Plan Name Sharkehan Brokerage Plan Max Rs 20 Per Order Trading Plan Nuvama Lite
Equity Delivery 0.30% Free Flat Rs. 10 per executed order
Equity Intraday 0.02% 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.02% 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Rs 20 per lot Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.02% 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Rs 5 per lot Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Rs 20 per lot Flat Fee Rs 20 0.01%
Minimum Brokerage Rs 20
Hidden Charges No No
Funding Yes - 18% interest PA No Yes - 24% interest PA
Call & Trade Charges Free Rs 50 Per Order Rs 20 per call
Auto Square off Charges Free Rs 50 Per Order Rs 20
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Fyers Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Sharekhan vs Fyers vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Sharekhan vs Fyers vs Nuvama Wealth
Transaction Charges Compare Sharekhan Fyers Nuvama Wealth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for fyers Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Sharekhan vs Fyers vs Nuvama Wealth on Account Features

Compare Sharekhan vs Fyers vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Sharekhan and Nuvama Wealth offers margin funding where Fyers doesn't offers margin funding. NRI Trading - Sharekhan and Nuvama Wealth offers NRI Trading where Fyers doesn't offers NRI Trading.

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

Compare Sharekhan vs Fyers vs Nuvama Wealthon Trading Platform

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

Trading Platform - Compare Sharekhan vs Fyers vs Nuvama Wealth
Trading Platform Compare Sharekhan Fyers Nuvama Wealth
Desktop Trading Platform TradeTiger Fyers One Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.sharekhan.com/

Fyers Web

https://tlounge.edelweiss.in/Login

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Sharekhan Fyers 2.0 Mobile App Nuvama Mobile Trader
Mobile Trading App Demo Sharekhan Demo Fyers 2.0 Mobile App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Sharekhan Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Sharekhan Download iOS Fyers 2.0 Mobile App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Fyers Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for fyers Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Sharekhan vs Fyers vs Nuvama Wealth on User Rating

  Sharekhan Fyers Nuvama Wealth
  184 Customer Reviews    Rate Sharekhan 11 Customer Reviews    Rate Fyers 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Fyers is Rated 3.2 / 5 based on 11 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Sharekhan vs Fyers vs Nuvama Wealth on Investment Offerings

Compare Sharekhan vs Fyers vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Sharekhan and Nuvama Wealth offers PMS facility where Fyers doesn't offers PMS facility.

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

Compare Sharekhan vs Fyers vs Nuvama Wealth on Order Types

Order Type - Compare Sharekhan vs Fyers vs Nuvama Wealth on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Sharekhan and Fyers provides Bracket Orders (BO) facility where Nuvama Wealth doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Sharekhan and Fyers offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.

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

Compare Sharekhan vs Fyers vs Nuvama Wealth on Customer Service

Compare Sharekhan vs Fyers vs Nuvama Wealth on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Sharekhan vs Fyers vs Nuvama Wealth
Customer Service Compare Sharekhan Fyers Nuvama Wealth
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes Yes Yes
Toll Free Number Yes No Yes
Through Branches Yes No Yes
Customer Care Number 1800227500 08060001111 1800 102 3335
Account Opening Process Offline 100% online and paperless proc Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.sharekhan.com/help/hello https://fyers.in/school-of-stocks/ https://www.nuvamawealth.com/investology
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website https://www.sharekhan.com https://fyers.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Fyers vs Nuvama Wealth on Research Reports, Tips

Compare Sharekhan vs Fyers vs Nuvama Wealth on research reports and tips provided by broker.

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

Compare Sharekhan vs Fyers vs Nuvama Wealth on Demat Account

Compare Sharekhan vs Fyers vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Sharekhan vs Fyers vs Nuvama Wealth
  Sharekhan Fyers Nuvama Wealth
DP Source CDSL CDSL CDSL
DP ID 36000 432-2019 19100
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free Free (₹1500 one time charges)
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Nil NIL
Statutory charges Actual Stamp Paper Charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate (Min 50 per request) ₹0 ₹2 per certificate + ₹30 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹0 ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.03% (Min ₹100) Nil 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure Nil Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation Nil Nil 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Fyers vs Nuvama Wealth on Special Offers and Promotion

Compare Sharekhan vs Fyers vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Fyers vs Nuvama Wealth on Special Offers and Promotion
  Sharekhan Fyers Nuvama Wealth
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
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
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 Max 24 hrs except bank holidays Up to 24 Hrs except for Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out. NA
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
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
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

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...

  • 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
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • 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...

  • 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
Enquire for Sharekhan Enquire for Fyers Enquire for Nuvama Wealth

Last Updated on 2024-03-04T07:37:57+00:00