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Zerodha vs Fyers 2024

You may have heard of Zerodha and Fyers if you are in India and want to find a trustworthy and cheap online broker. Traders and investors will like both of them for different reasons, but how do Zerodha vs Fyers compare? This blog post will look at the key factors that Zerodha and Fyers are different to help you choose which one is best for you.

About Zerodha

Zerodha has more than 5 million customers and more than 15% of the Indian market, making it one of the biggest and most well-known in the country. Zerodha charges ₹0 for delivering stocks and ₹20 or 0.03% per executed order for Equity Intraday and Futures. For Equity Options, the price is fixed at ₹20 per executed order. There are also many trading platforms on Zerodha, such as Kite, Coin, Console, Varsity, and more. Zerodha has won a lot of awards and praise for its new ideas and great customer service.

About Fyers

Fyers is an online broker that opened in 2015, so it isn’t very old. Fyers also charges ₹0 for delivering stocks and ₹20 or 0.03% per executed order for Equity Intraday and Futures. For Equity Options, the fee is flat ₹20 per executed order. Fyers also has its own trading platforms, like Fyers Markets, Fyers One, and Fyers Web. Fyers says that its trading platforms are the best in India because they have the most advanced tools and features.

Zerodha vs Fyers: Customer Service

Both Zerodha and Fyers have good customer service, and you can get in touch with them through phone, email, chat, and social media. But Zerodha might be better than Fyers when it comes to response time and resolution time. Zerodha has a bigger team of customer service reps and a separate website for filing complaints. It might take longer for Fyers to answer and solve customer questions and problems.

Trading Platforms

Both Zerodha and Fyers have great trading platforms that are easy to use and have a lot of useful features. But when it comes to technical analysis and charts, Fyers might be better than Zerodha. Zerodha doesn’t have as many indicators, scanners, screeners, or strategies as Fyers does. Zerodha’s platform, on the other hand, is more stable and strong, with fewer bugs and downtimes.

Items and Services

Both Zerodha and Fyers have many different goods and services for different kinds of traders and investors. Zerodha offers more goods and services than Fyers. Fyers does not offer margin trading facility (MTF), collateral margin against shares (CAMS), smallcase, IPOs, NFOs, bonds, ETFs, gold bonds, sovereign gold bonds (SGBs), or any other type of trading. Zerodha does.

Research and Education

Both Zerodha and Fyers offer research and education materials to help their clients learn how to trade better. But Zerodha has a better and more complete platform for learning and research than Fyers. Zerodha, for instance, has Varsity, which is one of the best places to learn about the stock market online. You can also find TradingQ&A on Zerodha. This is a community forum where traders can share their knowledge and ask questions. Fyers also has a blog and a YouTube channel where they post articles and videos that teach.

Post Disclaimer

For informational purposes only:

The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.

 

Do your own research:

Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.

Product Name

Zerodha Trading App Review 2024

Fyers review and brokerage charges

Product Image Zerodha Trading App Review 2024 Fyers review and brokerage charges
Price
Our Rating 8.4 7.8
Brand Zerodha Fyers
Category Stock brokers Stock brokers

Company Overview

Zerodha Trading App Review 2024Fyers review and brokerage charges
Company name Zerodha FYERS Securities Private Limited
Headquarters Bengaluru Bengaluru
Founder Nithin Kamath Tejas Khoday, Yashas Khoday, and Shreyas Khoday
Establishment Year 15 August 2010 2015

Account opening & AMC

Zerodha Trading App Review 2024Fyers 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. ₹200 ₹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

Zerodha Trading App Review 2024Fyers review and brokerage charges
Pledge Creation Charges ₹30 + GST per pledge request ₹0
Pledge Invocation Charges ₹0 ₹0
Interest on Margin Trading 0.035% per day (equivalent to 12.775% p.a.) Does not provide
Margin Re-Pledge ₹0 ₹0

Brokerage charges & Fees

Zerodha Trading App Review 2024Fyers review and brokerage charges
Brokerage Plan Standard Standard account
Equity Delivery Charges ₹0 ₹0
Equity Intraday Charges ₹20 or 0.03% per executed order, whichever is lower ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges ₹20 or 0.03% per executed order, whichever is lower ₹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 ₹20 per executed order or 0.03% of the transaction value, whichever is lower ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges Flat ₹20 per executed order Flat ₹20 per executed order
Commodity Futures charges ₹20 per executed order or 0.03% of the transaction value, whichever is lower ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges ₹20 per executed order ₹20 per executed order

Customer services offered

Zerodha Trading App Review 2024Fyers 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

Zerodha Trading App Review 2024Fyers review and brokerage charges
Call Support 080 47181888 080-600 01 111 (9:00AM - 11:55PM)
Email Support renu.pd@zerodha.com (10AM - 5PM) support@fyers.in (9:00AM - 11:55PM)
Whatsapp Support ⛔No ⛔No
Website Support ✅Yes, create ticket ✅Yes, Articles only. No Chat support

Leverage (Margin) Offered

Zerodha Trading App Review 2024Fyers 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 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

Zerodha Trading App Review 2024Fyers review and brokerage charges
Free Account Opening ⛔No ✅Yes
Free Brokerage On Stock delivery, Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes ✅Yes
Free Equity Delivery ✅Yes ✅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

Zerodha Trading App Review 2024Fyers review and brokerage charges
Equity Delivery ✅Yes ✅Yes
Equity Intraday ✅Yes ✅Yes
Equity Futures ✅Yes ✅Yes
Equity Options ✅Yes ✅Yes
Currency Futures ✅Yes ✅Yes
Currency Options ✅Yes ✅Yes
Commodity Futures ✅Yes ✅Yes
Commodity Options ✅Yes ✅Yes
Foreign Stocks ⛔No ⛔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

Zerodha Trading App Review 2024Fyers 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

Zerodha Trading App Review 2024Fyers review and brokerage charges
Annual Reports ✅Yes, powered by Tickertape ✅Yes
Company Reports ✅Yes, powered by Tickertape ✅Yes
Research Reports ✅Yes, powered by Tickertape ✅Yes
Fundamental Reports ✅Yes, powered by Tickertape ✅Yes
IPO Reports ✅Yes ✅Yes
Technical Reports ✅Yes, powered by Streak ✅Yes
Stock tips ⛔No ⛔No
Daily Market Review ⛔No ✅Yes
Monthly Review ⛔No ✅Yes
Weekly Review ⛔No ✅Yes
Robo Advisory ⛔No ⛔No

STT & CTT Charges

Zerodha Trading App Review 2024Fyers 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 No STT No STT
Currency Options STT & CTT No STT No STT
Commodity Futures STT & CTT 0.01% on sell side (Non-Agri) 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT 0.05% on sell side 0.05% on sell side

Trading Features

Zerodha Trading App Review 2024Fyers 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 ✅Yes ✅Yes
Live market ✅Yes ✅Yes
Multiple Profile Management ⛔No ⛔No
Secure Platform ✅Yes ✅Yes

Trading Platforms

Zerodha Trading App Review 2024Fyers review and brokerage charges
Android App ✅Yes ✅Yes
iOS App ✅Yes ✅Yes
Web Trading Platform ✅Yes ✅Yes
Trading Terminal ✅Yes ✅Yes
Algo Trading Platform ✅Yes ✅Yes
Foreign Stocks Trading Platform ⛔No ⛔No
Basket Trading Platform ✅Yes ✅Yes
Mutual Fund Investment Platform ✅Yes ✅Yes
Digital Gold Investment Platform ⛔No ⛔No
Bonds Investment Platform ⛔No ⛔No

Transaction Charges

Zerodha Trading App Review 2024Fyers review and brokerage charges
Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019% | BSE: 0 0.0005%
Equity Options Transaction Charges NSE: 0.05% (on premium) | BSE: 0.005% (on premium) 0.009%
Currency Futures Transaction Charges 0.0009% NSE- 0.0009%
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% NSE- 0.035% | BSE- 0.001%
Commodity Futures Transaction Charges Exchange txn charge: 0.0026% MCX- Non-Agri: 0.0026%
Commodity Options Transaction Charges Exchange txn charge: 0.05% MCX- Non-Agri: 0.05%

Stamp Duty charges

Zerodha Trading App Review 2024Fyers 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 0.0001% or ₹10 / crore on buy side 0.0001% on Buy Side
Currency Options Stamp Duty 0.0001% or ₹10 / crore on buy side 0.0001% on Buy Side
Commodity Futures Stamp Duty 0.002% or ₹200 / crore on buy side 0.002% on Buy Side
Commodity Options Stamp Duty 0.003% or ₹300 / crore on buy side 0.003% on Buy Side

Other Charges

Zerodha Trading App Review 2024Fyers review and brokerage charges
SEBI Turnover Charges ₹10 / crore ₹10/Crore (For all segments)
DP Charges ₹13.5 + GST per scrip (irrespective of quantity) ₹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 ₹150 per share certificate, ₹100 courier charges, + 18% GST ₹0
Call and Trade charges ₹50 per order ₹50 per executed order
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