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Indmoney vs Fyers charges review

In this article, we will review ‘Indmoney vs Fyers’ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.

Product Name

Indmoney review with Charges

Fyers review and brokerage charges

Product Image Indmoney review with Charges Fyers review and brokerage charges
Price
Our Rating 7.8 7.8
Brand Indmoney Fyers
Category Stock brokers Stock brokers

Company Overview

Indmoney review with ChargesFyers review and brokerage charges
Company name Indmoney- Finzoom Investment Advisors Private Limited FYERS Securities Private Limited
Headquarters Gurugram, Haryana Bengaluru
Founder Ashish Kashyap Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Establishment Year 2019 2015

Account opening & AMC

Indmoney review with 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. ₹0 ₹0

Pledge Charges

Indmoney review with ChargesFyers review and brokerage charges
Pledge Creation Charges Does not provide ₹0
Pledge Invocation Charges Does not provide ₹0
Interest on Margin Trading Does not provide Does not provide
Margin Re-Pledge Does not provide ₹0

Brokerage charges & Fees

Indmoney review with ChargesFyers review and brokerage charges
Brokerage Plan Standard Standard account
Equity Delivery Charges ₹20 or 0.05% whichever is lower ₹0
Equity Intraday Charges ₹20 or 0.05% whichever is lower ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges Flat ₹20 per executed order ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges Flat ₹20 per executed order Flat ₹20 per executed order
Currency Futures charges Does not offer ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges Does not offer Flat ₹20 per executed order
Commodity Futures charges Does not offer ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges Does not offer ₹20 per executed order

Customer services offered

Indmoney review with 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 ⛔No ✅Yes
NRI Services ⛔No ✅Yes
Referral Program ✅Yes ✅Yes

Customer Support

Indmoney review with ChargesFyers review and brokerage charges
Call Support 07314852049 080-600 01 111 (9:00AM - 11:55PM)
Email Support [email protected] [email protected] (9:00AM - 11:55PM)
Whatsapp Support ⛔No ⛔No
Website Support ✅Yes, Create ticket ✅Yes, Articles only. No Chat support

Leverage (Margin) Offered

Indmoney review with ChargesFyers review and brokerage charges
Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage No leverage available; you need the full purchase value in your account. Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront
Currency F&O Margin Leverage Does not offer No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage Does not offer No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage Does not offer No leverage available; requires full margin upfront

Unique Offerings

Indmoney review with ChargesFyers review and brokerage charges
Free Account Opening ✅Yes ✅Yes
Free Brokerage ✅Yes, IPOs & Mutual Funds only On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes ✅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 ✅Yes ⛔No
Referral Offers ✅Yes ✅Yes
Margin Funding (MTF)/ Pledging ⛔No ✅Yes
Brokerage Cashback ⛔No ⛔No
Zero Brokerage for Loss Making Trades ⛔No ⛔No
Relationship Manager ⛔No ⛔No

Services Provided

Indmoney review with 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 ⛔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

Indmoney review with ChargesFyers review and brokerage charges
Market Order ✅Yes ✅Yes
Limit Order ✅Yes ✅Yes
Bracket Order ✅Yes ✅Yes
Cover Order ✅Yes ✅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

Indmoney review with 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 ✅Yes ✅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

Indmoney review with 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 sell transactions 0.025% on Sell
Equity Futures STT & CTT 0.0125% on 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

Indmoney review with 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 ✅Yes ⛔No
Customized Recommendations ⛔No ✅Yes
Advanced charting ⛔No ✅Yes
Live market ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No
Secure Platform ✅Yes ✅Yes

Trading Platforms

Indmoney review with 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 ⛔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

Indmoney review with ChargesFyers review and brokerage charges
Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero) 0.0005%
Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (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

Indmoney review with ChargesFyers review and brokerage charges
Equity Delivery Stamp Duty 0.015% Buy 0.015%
Equity Intraday Stamp Duty 0.003% Buy 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

Indmoney review with ChargesFyers review and brokerage charges
SEBI Turnover Charges ₹10/Crore (For all segments) ₹10/Crore (For all segments)
DP Charges ₹13.5/scrip ₹7 + ₹5.5 (CDSL Charges)
GST charges 18% of (brokerage + transaction charges + Demat) 18% of (brokerage + transaction charges + Demat)
Account Closure Charges Free Free
Reactivation Charges Free Free
Dematerialization Charges ₹250 per certificate ₹0
Call and Trade charges ₹ 500 per order ₹50 per executed order