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HDFC Sky vs Fyers

You may have come across HDFC Sky and Fyers if you are looking for a safe and cheap way to trade online. You can use both of these platforms to trade stocks because they each have many useful tools and features. But how do they stack up against each other? In terms of your needs and preferences, which one is better? We will look at and compare HDFC Sky vs Fyers in this post in a number of ways.

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Product Name

HDFC Sky review India: Brokerage charges

Fyers review and brokerage charges

Product Image HDFC Sky review India: Brokerage charges Fyers review and brokerage charges
Price
Our Rating 8.0 7.8
Brand Fyers
Category Stock brokers Stock brokers

Company Overview

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Company name HDFC Sky FYERS Securities Private Limited
Headquarters Mumbai Bengaluru
Founder Dhiraj Relli Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Establishment Year 2023 2015

Account opening & AMC

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0 ₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹20 / Month (Free for first year) ₹0

Pledge Charges

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Pledge Creation Charges ₹20 ₹0
Pledge Invocation Charges ₹20 ₹0
Interest on Margin Trading 12% Does not provide
Margin Re-Pledge ₹20 ₹0

Brokerage charges & Fees

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Brokerage Plan Standard Standard account
Equity Delivery Charges ₹20 or 0.1% (Whichever is Lower) ₹0
Equity Intraday Charges ₹20 or 0.1% (Whichever is Lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges ₹20 or 0.1% (whichever is lower) ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges ₹20 / Order Flat ₹20 per executed order
Currency Futures charges ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges ₹20 / Order Flat ₹20 per executed order
Commodity Futures charges ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges ₹20 / Order ₹20 per executed order

Customer services offered

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Demat Services ✅Yes ✅Yes
Trading Services ✅Yes ✅Yes
Intraday Services ✅Yes ✅Yes
F&O Services ✅Yes ✅Yes
IPO Services ✅Yes ✅Yes
Share Pledging ✅Yes ✅Yes
NRI Services ✅Yes ✅Yes
Referral Program ✅Yes ✅Yes

Customer Support

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Call Support 022-39019400 080-600 01 111 (9:00AM - 11:55PM)
Email Support customercare@hdfcsec.com support@fyers.in (9:00AM - 11:55PM)
Whatsapp Support ⛔No ⛔No
Website Support FAQs only ✅Yes, Articles only. No Chat support

Leverage (Margin) Offered

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Margin Leverage No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront No leverage available; requires full margin upfront

Unique Offerings

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Free Account Opening ✅Yes ✅Yes
Free Brokerage On Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only
Free AMC ⛔No ✅Yes
Free Equity Delivery ⛔No ✅Yes
Free F&O Trading ⛔No ⛔No
Free Intraday Trading ⛔No ⛔No
Free Trading calls ⛔No ⛔No
Happy Trading Hours ⛔No ⛔No
Flexible Brokerage Plans ⛔No ⛔No
Referral Offers ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes ✅Yes
Brokerage Cashback ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No
Relationship Manager ⛔No ⛔No

Services Provided

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes
Currency Futures ⛔No ✅Yes
Currency Options ⛔No ✅Yes
Commodity Futures ⛔No ✅Yes
Commodity Options ⛔No ✅Yes
Foreign Stocks ✅Yes, US stocks ⛔No
Mutual Funds ✅Yes ✅Yes
Banking ⛔No ⛔No
Insurance ⛔No ⛔No
Corporate Bonds ⛔No ⛔No
Govt. Bonds ⛔No ⛔No
Digital Gold ⛔No ⛔No

Order Types

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Market Order ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes
Bracket Order ⛔No ✅Yes
Cover Order ⛔No ✅Yes
After Market Order (AMO) ✅Yes ✅Yes
Good Till Cancelled (GTC) ✅Yes ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No ⛔No

Research & Reports

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Annual Reports ✅Yes ✅Yes
Company Reports ✅Yes ✅Yes
Research Reports ⛔No ✅Yes
Fundamental Reports ✅Yes ✅Yes
IPO Reports ✅Yes ✅Yes
Technical Reports ⛔No ✅Yes
Stock tips ⛔No ⛔No
Daily Market Review ✅Yes ✅Yes
Monthly Review ✅Yes ✅Yes
Weekly Review ✅Yes ✅Yes
Robo Advisory ⛔No ⛔No

STT & CTT Charges

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery STT & CTT 0.1% on Buy & Sell 0.1% on Buy and Sell
Equity Intraday STT & CTT 0.025% on the sell side 0.025% on Sell
Equity Futures STT & CTT 0.0125% on the sell side 0.0125% on Sell
Equity Options STT & CTT 0.0625% on sell side (on premium) 0.0625% on Sell
Currency Futures STT & CTT ⛔ Does not offer No STT
Currency Options STT & CTT ⛔ Does not offer No STT
Commodity Futures STT & CTT ⛔ Does not offer 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT ⛔ Does not offer 0.05% on sell side

Trading Features

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Watchlist ✅Yes ✅Yes
Real Time Updates ✅Yes ✅Yes
Portfolio Details ✅Yes ✅Yes
Price Alert ✅Yes ✅Yes
Online Mutual Fund Buy ✅Yes ✅Yes
Global indices ⛔No ⛔No
Customized Recommendations ⛔No ✅Yes
Advanced charting ⛔No ✅Yes
Live market ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No
Secure Platform ✅Yes ✅Yes

Trading Platforms

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Android App ✅Yes ✅Yes
iOS App ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes
Trading Terminal ⛔No ✅Yes
Algo Trading Platform ⛔No ✅Yes
Foreign Stocks Trading Platform ✅Yes, US stocks only ⛔No
Basket Trading Platform ⛔No ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No

Transaction Charges

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.00230% 0.0005%
Equity Options Transaction Charges NSE: 0.056% (on premium) 0.009%
Currency Futures Transaction Charges Does not offer NSE- 0.0009%
Currency Options Transaction Charges Does not offer NSE- 0.035% | BSE- 0.001%
Commodity Futures Transaction Charges Does not offer MCX- Non-Agri: 0.0026%
Commodity Options Transaction Charges Does not offer MCX- Non-Agri: 0.05%

Stamp Duty charges

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
Equity Delivery Stamp Duty 0.015% or ₹1500 / crore on buy side 0.015%
Equity Intraday Stamp Duty 0.003% or ₹300 / crore on buy side 0.003%
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002%
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003%
Currency Futures Stamp Duty ⛔ Does not offer 0.0001% on Buy Side
Currency Options Stamp Duty ⛔ Does not offer 0.0001% on Buy Side
Commodity Futures Stamp Duty ⛔ Does not offer 0.002% on Buy Side
Commodity Options Stamp Duty ⛔ Does not offer 0.003% on Buy Side

Other Charges

HDFC Sky review India: Brokerage chargesFyers review and brokerage charges
SEBI Turnover Charges ₹10 / crore ₹10/Crore (For all segments)
DP Charges ₹20 ₹7 + ₹5.5 (CDSL Charges)
GST charges 18% 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free Free
Reactivation Charges Free Free
Dematerialization Charges ₹50 / Share Certificate + Courier Charges ₹0
Call and Trade charges ₹20 / Call ₹50 per executed order
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