TopShareBrokers.com Logo
FREE Account Opening + Lifetime Free Demat AMC*
Loading...

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 66,38,326 where number of active customer for Fyers is 1,58,536. 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 Compare
Zerodha
Fyers Compare
Fyers
Overall Rating Rated 4.5 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3.5 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 4.5 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX
Active Clients 66,38,326 1,58,536
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 trading platform, the largest... Know more about Zerodha Rs. 0 delivery trade, Rs. 20 per order brokerage plan, zero brokerage mutual fund investment, & Fyers One, Fyers App, and Fyers Web-based advanced technology trading platform make Fyers the best broker for traders and investors.
Broker Enquiry Request call back from Zerodha Request call back from Fyers
Expand

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 Yes Yes
Expand

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 No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
Expand

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.

Brokerage Charges - Compare Zerodha with Fyers
Brokerage Charges Compare Zerodha Fyers
Plan Name Max Rs 20 per order Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Free Free
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 Rs 20 per order
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 Rs 20 per order
Commodity Trading Flat Fee Rs 20 0.03% or Rs 20 whichever is lower
Minimum Brokerage NIL NIL
Hidden Charges No No
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
Expand

Share Broker's Transaction Charges

Compare Zerodha vs Fyers on Transaction Charges

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

Transaction Charges - Compare Zerodha with Fyers
Transaction Charges Compare Zerodha Fyers
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 240 Per Cr
Equity Options Rs 5000 Per Cr Rs 5900 Per Cr
Currency Futures Rs 135 Per Cr Rs 175 Per Cr
Currency Options Rs 4400 Per Cr Rs 6500 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
Expand

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 Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:10 PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
Expand

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) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite Fyers Mobile App
Mobile Trading App Demo Zerodha Kite Demo Fyers Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod Fyers Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite Download iOS Fyers 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 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

Expand

Broker Ratings by Users

Compare Zerodha vs Fyers on User Rating

  Zerodha Fyers
  159 Customer Reviews    Rate Zerodha 10 Customer Reviews    Rate Fyers
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 Rated 3.9 stars Rated 3.2 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 159 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
Expand

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 Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
Expand

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 Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
Expand

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 Zerodha vs Fyers - 24x7 customer support No No
Email Support Zerodha vs Fyers - Email Support Yes Yes
Onine Live Chat Zerodha vs Fyers - Onine Live Chat No No
Phone Support Zerodha vs Fyers - Phone Support Yes Yes
Toll Free Number Zerodha vs Fyers - Toll Free Number No No
Through Branches Zerodha vs Fyers - Through Branches Yes No
Customer Care Number Zerodha vs Fyers - Customer Care Number "+ 91 80 4040 2020" 080 4625 1111
Account Opening Process Zerodha vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Zerodha vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Fyers - Knowledge Center/Education https://zerodha.com/varsity/ https://fyers.in/school-of-stocks/
Head Office Address Zerodha vs Fyers - Head Office Address/Corporate 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 Zerodha vs Fyers - Company Website https://zerodha.com/ https://fyers.in/
Expand

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 Zerodha vs Fyers - Research Mutual Funds No No
Research Equity Reports Zerodha vs Fyers - Research Equity Reports No No
Research ETF Zerodha vs Fyers - Research ETF No No
Daily Market Report Zerodha vs Fyers - Daily Market Report No No
Free Tips Zerodha vs Fyers - Free Tips No No
Quarterly Result Analysis Zerodha vs Fyers - Quarterly Results No No
News Alerts Zerodha vs Fyers - No Yes
Expand

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 Zerodha vs Fyers - 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

Expand

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 Zerodha vs 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 Zerodha vs Fyers - Payout Time Max 24 hrs except for bank holidays Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Zerodha vs Fyers - 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
  • 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 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.
  • Best-class trading platforms across web, app, and desktop software.
  • Advanced orders like bracket order, cover order, after-market order, and basket order.
  • Win upto Rs. 5,000 brokerage refund with Fyers 30-day challenge.
  • 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
  • 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.
  • Zerodha does not provide Free Unlimited Monthly Brokerage Plan.
  • The 3-in-1 account opening facility is only available with IDFC First Bank.
  • Zerodha only offers NSE SME IPO, IPO that will list on the BSE SME platform are not available.

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.
  • Currently, it does not offer NRI trading services however, expected to launch soon.

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>>

Last Updated on 2022-11-09T22:13:37+00:00

FAQs

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
  • Equity Trading Account: Rs. 200
  • Commodity Trading Account: Rs. 100
  • Zerodha Demat AMC: Rs. 300
  • Fyers Trading Account: Free
  • Fyers Demat AMC: Rs. 225 for 1st year and Rs. 300 PA from 2nd year onwards
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.