Before you start your stock market journey, you must understand which brokerage firm is best for you. When we talk about Zerodha Vs Fyers, they are both discount brokerage firms so there is tough competition between them to grow faster. However, It’s understand Zerodha & Fyers before we find the difference between Zerodha and Fyers.
Table of Contents
Zerodha
They began operations on August 15, 2010, with the objective of removing all cost, support, and technological hurdles that traders and investors encounter in India. The firm was given the term Zerodha, which is a mix of Zero and “Rodha,” a Sanskrit term that means “barrier.”
Today, They are India’s largest stock broker in terms of active retail customers thanks to their innovative pricing methods and in-house technologies.
Every day, over 5 million customers use our strong ecosystem of investing channels to place millions of orders, accounting for over 15% of all Indian retail market capitalization.
Fyers
After trading and working with various brokerages, they discovered that there is a significant disconnect between what traders/investors want and what brokers are willing to give. They founded FYERS to alter the way India trades after witnessing it personally for many years.
They’ve been able to develop a wonderful community of traders/investors over the last several years who are passionate about the need for reform in the capital markets.
So far, they’ve grown to a staff of 200 people that help 65,000+ consumers trade with ease. they’re one of only a few Indian stockbrokers that can boldly state that they have no conflicts of interest with their clients.
They feel as though their adventure is just getting started with each new advancement.
Comparison between Zerodha and Fyers
These are the major difference between Zerodha and Fyers:
- Zerodha is a discount broker that was founded in 2010. It trades on the NSE, BSE, MCX, and NCDEX. It has 22 locations in India. Fyers is a discount broker that was founded in 2015. It allows you to trade on the NSE and the MCX. It has no branches in India.
- The cost of creating a Zerodha trading account is Rs 200, whereas the cost of registering a Fyers account is Rs 0. (Free). The annual maintenance charge for a Zerodha demat account is Rs 300, while the annual maintenance charge for a Fyers demat account is Rs 300.
- Fyers brokerage costs are Rs 0 (Free) for equities and Rs 20 per executed order or.03 percent whichever is less, while Zerodha brokerage fees are Rs 0 (Free) for equity and Rs 20 per executed order or.03 percent whichever is lesser.
Other Charges & Margins
- NSE Rs 5300 per Cr (0.053 percent) (on premium) for Zerodha, whereas Fyers exchange transaction fees for options are Rs 5900 per Cr (on premium) for Fyers (0.059 percent ).
- Depending on the stock ‘s fluctuation the Zerodha margin for intraday trading is up to 6 times the trade value, while the Fyers margin for intraday cash is up to 6x the transaction value.
- From September 1, 2021, the exchange will decide on the margin given by the broker, according to the new policy. Brokers are unable to provide ‘extra margin’ such as 40x in any section. The same margin exposure or leverage will be offered by all brokers.
Zerodha Vs Fyers
Let’s compare Zerodha & Fyers on Different Parameters :
Basic (Fyers Vs Zerodha)
| Basis | Zerodha | Fyers |
| Type of firm | Discount Brokerage | Discount Brokerage |
| Exchange Membership | NSE, BSE, MCX & NCDEX | NSE & MCX |
| Year of foundation | 2010 | 2015 |
| Number of offices | 22 | 0 |
Annual Maintenance Charges (fyers amc charges Vs Zerodha)
| Types of Charges | Zerodha | Fyers |
| Trading Account Opening Fee | INR 200 | Free |
| Trading Account AMC fee | Free | Free |
| Demat Account Opening fee | Free | Free |
| Demat Account AMC fee | INR 300 | INR 300 |
Brokerage Plan (Fyers Vs Zerodha)
| Basis | Zerodha | Fyers |
| Account | Flat Brokerage scheme | Flat Fee Brokerage scheme |
| Fixed Charges | N/A | N/A |
| Delivery Trading | Free | Free |
| Intraday Trading | INR 20 per Trade or .03% whichever is lesser | INR 20 per Trade or .03% whichever is lesser |
| Futures Trading | INR 20 per Trade or .03% whichever is lesser | INR 20 per Trade or .03% whichever is lesser |
| Options Trading | INR 20 per trade | Rs 20 per trade |
| Futures Trading Currency | INR 20 per Trade or .03% whichever is lesser | INR 20 per Trade or .03% whichever is lesser |
| Currency Trading Currency | INR 20 per Trade or .03% whichever is lesser | Rs 20 per trade |
| Futures Trading Commodity | INR 20 per Trade or .03% whichever is lesser | INR 20 per Trade or .03% whichever is lesser |
| Options Trading Commodity | INR 20 per Trade or .03% whichever is lesser | Rs 20 per trade |
Other Charges(Zerodha Vs Fyers)
| Fees | Zerodha | Fyers |
| Base Brokerage Fee | 0.03% in Intraday Trading or F&O | Intraday Trading INR 7 or 2.5%. |
| Other fees | Physical contact notes: INR 20, Trade SMS Alerts: INR 1 per SMS | Square-off by Fyers – INR 20 per trade, NRI Brokerage: INR 100 per Trade (For all sections) |
| Call & Trade Fee | INR 50 per Trade | INR 20 per Order |
Transaction Charges (Zerodha Vs Fyers)
| Trading Type | Zerodha | Fyers |
| Delivery Trading Equity | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (Both side) | INR 325 per Cr (0.00325%) |
| Intraday Trading Equity | NSE INR 345 per Cr (0.00345%) | BSE INR 300 per Cr (0.003%) (each side) | INR 325 per Cr (0.00325%) |
| Futures Trading Equity | NSE INR 200 per Cr (0.002%) | INR 240 per Cr (0.0024%) |
| Options Trading Equity | NSE INR 5300 per Cr (0.053%) (on premium) | INR 5900 per Cr (on premium) (0.059%) |
| Futures Trading Currency | NSE INR 90 per Cr (0.0009%) | BSE INR 22 per Cr (0.00022%) | INR 240 per Cr (0.0024%) |
| Options Trading Currency | NSE INR 3500 per Cr (0.035%) | BSE INR 100 per Cr (0.001%) (on premium) | INR 5900 per Cr (on premium) (0.059%) |
| Commodity Trading | Group A – INR 260 per Cr (0.0026%) | N/A |
Margins (Zerodha Vs Fyers)
| Trading | Zerodha | Fyers |
| Delivery Trading Equity | No margin | No margin |
| Intraday Trading Equity | Up to 6x (Depending on the share) | Up to 6x (Depending on the share) |
| F&O Trading Equity | Intraday – 1.3x, Carry forward – 1x of NRML leverage (Span and Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML leverage (Span and Exposure) |
| Futures Trading Currency | Intraday – 1.3x, Carry forward – 1x of NRML leverage(Span and Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML leverage (Span and Exposure) |
| Futures Trading Commodity | Intraday – 1.3x, Carry forward – 1x of NRML leverage (Span and Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML leverage (Span and Exposure) |
Features (Zerodha Vs Fyers)
| Basis | Zerodha | Fyers |
| 3 in 1 Account | No | No |
| Chart | Yes | Yes |
| Automated Trading | Yes | Yes |
| SMS Notification | No | No |
| Digital Demo | Yes | No |
| Digital Portfolio | Yes | Yes |
| Margin Trading Money | No | No |
| Margin Against Stocks (Cash) | Yes | Yes |
| Margin Against Stocks (F&O) | Yes | Yes |
| Trading Platform | Kite Web & Mobile (Android/iOS) | Fyers One (Built In-house) |
| Square-off Timing (Intraday) | Eq Cash: 15:15| Eq F&O : 15:25 | Currency: 16:45 | Commodities: 30 min before close | 15:20 |
| Other Options | Mutual Funds & API (Algo Trading) | Thematic investing without Fee |
| Refer & Earn | Yes | Yes |
Review (Zerodha Vs Fyers)
| Basis | Zerodha | Fyers |
| Based on | 1250 Customer Reviews | 1085 Customer Reviews |
| Charges | 3.7 | 3.9 |
| Broker Fee | 4.3 | 4.0 |
| Trading System | 3.9 | 3.4 |
| Customer Care | 3.7 | 3.7 |
| Research Abilities | 2.5 | 1.5 |
| Total Ratings | 4.1 | 4.0 |
| Brokerage Rating | Zerodha is rated 4.1 of 5 based on 1250 customer reviews | Fyers is rated 4.0 of 5 based on 1085 customer reviews |
Investment Options (Zerodha Vs Fyers)
| Options | Zerodha | Fyers |
| Share / Equity | Yes | Yes |
| Commodities | Yes | Yes |
| Currency Pairs | Yes | Yes |
| Initial Public offering | Yes | Yes |
| Mutual Fund | Yes | No |
| Bond & NCD | No | No |
| Debt | No | No |
| Other Options |
Order Type (Zerodha Vs Fyers)
| Type | Zerodha | Fyers |
| Bracket Order | Yes | Yes |
| Cover Order | Yes | Yes |
| Buy Today Sell Tomorrow (BTST) | Yes | Yes |
| Sell Today Buy Tomorrow (STBT) | No | No |
| After Market Order(AMO) | Yes | Yes |
| Good Till Cancelled (GTC) | Yes | No |
Analysis Report (Zerodha Vs Fyers)
| Report | Zerodha | Fyers |
| Daily Market Report | No | No |
| Free Tips | No | No |
| Quarterly Result Analysis | Paid | No |
| News Alerts | No | No |
Investor Type (Zerodha Vs Fyers)
| Investor | Zerodha | Fyers |
| Casual Investor | Yes | Yes |
| Active Investor | Yes | Yes |
| Trader | Yes | Yes |
Advantages & Disadvantages (Zerodha Vs Fyers)
| Basis | Zerodha | Fyers |
| Advantages |
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| Disadvantages |
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| Promotion | Complimentary Mutual Funds and Equity Delivery Trading • Brokerage-free Equity Delivery and a flat Rs 20 per transaction for Intraday and F&O trading + • Brokerage-free Direct Mutual Fund investing + Trade with India’s top trading platform. This promotion is only available for a short time. Create an Instant Zerodha Account and begin trading right now. |
Complimentary Mutual Funds & Equity Delivery Trading • No-brokerage equity delivery Intraday and F&O trades are charged at a flat rate of Rs 20 per trade. • Invest in a Direct Mutual Fund without having to pay a commission. Trade on one of India’s top trading systems. This offer is only available for a short time. Start trading right away with a free Fyers account. |
Is Fyers better than Zerodha?
Fyers and Zerodha are both discount brokerages that operate online. They both provide comparable services and charge similar brokerage fees. They’re both technology-driven brokers.
Fyers is carving out its own place in the industry, while Zerodha is the largest discount brokerage. Both firms are upfront about their prices and work hard to earn client trust.
| Zerodha | Fyers |
| Installable Trading Terminal is not available on Zerodha. | Fyers provides a trading terminal that may be installed. It’s in-house software & one of the best in the industry. |
| Zerodha provides API as an optional add-on service called Streak. | Fyers provides an API Bridge for algorithmic trading. |
| Since 2010, Zerodha has provided brokerage services. | Since 2015, Fyers has been providing services. |
Conclusion
Zerodha & Fyers both are good companies & giving health competition to each other. Both of them have some advantages & disadvantages so you can choose one according to your needs.
This is all from Our side regarding Zerodha vs Fyers. However, if you have any doubts you can just comment below.
Other Interesting blogs related to Zerodha vs Fyers.
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FAQ
Fyers trading platform?
Fyers One (Built In-house) is the Fyers trading platform.
Fyers review?
Fyers is a small company which has started its journey in 2015. They have a small client base & their Dp service is also via a third party.
Fyers margin
they offer 6x margins on Intraday trading & Delivery trading is free.
Fyers account opening charges?
They offer free account opening via referral & AMC charges are INR 300 per Year.
Zerodha AMC Charges
Zerodha AMC Charges are INR 300 Per Year.
