Looking for opening a new trading and demat account or thinking of switching your existing broker, read this post to find out the complete comparison of Zerodha vs Fyers.

I will be discussing both the companies, each and every services offered like brokerage charges, margin they provide, account opening charges, trading platform review and much more in detail.

According to the latest NSE data, Zerodha is at the top with more than 6.6 million active clients to be precise, 66,91,056 whereas Fyers have about 2 lakh plus active clients 200,405.

Although the number do speak for themselves but one should never consider this as a benchmark before choosing any stock broker.

I know the difference is huge but one need to know that, Fyers established 6.4 years ago i.e. 2016, Whereas Zerodha in 2009-10.

Fyers grown organically as hardcore broker focusing more on trading perspective, Looking at this number it does shows the trust they have created for users in their products and services.

However if you want, you can read the individual review of zerodha here and check fyers review here.

Just to let you know this review guide is going to be long, you can switch from table of contents to look for the relevant info you want to know.

However below is overall comparison points between Fyers Vs Zerodha to tell you in short about who is best by which you can make instant decision to open account instantly.

 

Zerodha Vs Fyers Overall Comparison:

I have already used both their services as well as wrote the reviews about them in detailed way separately, based on my experience and facts below are things you can consider before opening an account with them.

1. You can trade and invest in all segments i.e. stocks (equity) FnO, Commodity, Currency, at NSE, BSE, MCX on both zerodha and Fyers.
2. Both stock brokers zerodha and fyers, have fantastic trading platform for desktop/mobile app, you can do fundamental as well as technical analysis quite easily.
3. Zerodha trading platform have also partnered with third party service integration as well such as Smallcase for portfolio based investments and, Sensibull for option based strategies, Streak, Refinitiv, Sentinel etc.
4. Fyers have their own thematic Investing platform just like smallcase, Sensibull is not yet integrated as of now.
5. Zerodha and Fyers both have equal brokerages charging Rs.20 or 0.03% (whichever is lower). Fyers and Zerodha both also offers free delivery i.e. brokerage free trades.
6. Call and trade service if you use than charges are Rs.50 for zerodha and Rs.20 For fyers both. whereas other charges such as stamp duty, DP, transactions charges remains same for both.
7. Zerodha as well as Fyers offers brokerage or say commission free mutual funds investment and platform for its users.
8. If we talk about Margin at Fyers vs Zerodha, after SEBI Rules on Intraday margin every stockbroker is giving same margin throughout India, hence this does not matter anymore.
9. With Fyers and Zerodha you can also invest and trade in IPO’s, NFO’s, ETF, SGB, and many other financial products with so much ease.
10. Zerodha charges one time account opening fee of Rs.200 only for equity and Rs.300 for (Equity, FNO, Currency, commodity) and Rs.300 for AMC (Annual Maintenance Charge) at the year end.
11. However, Fyers for a limited time period is not charging for account opening and AMC. Usually the charges are Rs.300 per year for AMC at Fyers.
12. Overall, Fyers and Zerodha both are offering great tools and services to make hassle free investment in stock market for its users. Having said that, Zerodha still have an edge over fyers.

Now, it is up to you to decide which one you choose as both have everything that is needed to trade and invest in stock market hassle free online.

Having said that, for a limited time period, Fyers account opening charges and AMC is free rather than Zerodha who is charging for both.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

Click here to open an Zerodha trading/demat/mutual fund account online within minutes.

Now, let us go dive deep to cover all different services and features of Fyers and Zerodha step by step and see who is best between Fyers vs Zerodha by doing in-depth analysis.

 

About Zerodha Vs Fyers:

Zerodha and Fyers both have a history, in brief I have tried to explained how they both started and what is the current status.

 

 

Zerodha Vs Fyers Margin Comparison:

Margin in stock market refers to buying/selling of securities (shares) by borrowing money from your broker. This is very much similar to taking loan for short period of time. This helps traders in buying or selling more with less money in intraday trading.

If you are an active trader or a beginner who knows what exactly going on with recent changes brought by SEBI, Higher Margin won’t be a factor anymore, now the competition among the broking industry is in terms of better trading platforms and lower brokerages plans.

The upfront margin collection in cash segment has been kept at flat 20%, which means now the leverage for all stocks would be 5x also the penalty provision for short-collection/ non-collection of upfront margin in cash segment.

This means regardless of any broker you won’t get more than 5X times margin in equity cash segment and in FNO you need to have the full margin span+exposure to take any position.

You can read more about it here.

Therefore, the margin or leverages offered will be equal irrespective of the stock brokers in India going forward. Keep in mind this also applies to Currency and commodity derivatives as well.

For example: if there is a 20% margin requirement on a particular stock, then you will have to pay only Rs.20 to buy a stock of Rs.100. Another way to look at it is that if you have Rs.100, you will be able to buy five stocks instead of one.

Hence, the margin requirement will be same for all brokers including Zerodha and Fyers for intraday trading in equites and derivatives.

One need to understand taking more margin means more risk and chances of your money getting wiped out is even more, so it is always advisable to use it in limited way.

So going forward please choose stock broker not in terms of margin or leverage as it is same for all brokers through out India.

 

Zerodha Vs Fyers Brokerages Comparison:

Fyers and zerodha both have equal brokerages except for options in currency and commodity fyers charges flat Rs.20 per order whereas zerodha charges 0.03% or Rs. 20/executed order whichever is lower.

 

 

Fyers brokerage charges are in every segment are listed below:

 

 

 

 

Similarly, zerodha also have the same brokerage in every segments except for options in currency and commodity it is 0.03% or Rs. 20/executed order whichever is lower

 

 

So, overall if you see the brokerage charges its very nominal compare to any other broker, but fyers does charge lower brokerage as mentioned above in options for currency and commodity.

Just to make you understand,

What they mean is, suppose you bought stock xyz priced at Rs.100, quantity 100 on intraday basis,

so the total turnover would be bought 100, sold 100(100*200)=  20,000 on this amount they will charge either whichever amount is lower as 0.03% of 20000, is Rs.6 so they will charge that instead of flat Rs.20. I hope you got the point about the brokerages.

 

Zerodha Vs Fyers Account Opening Charges:

 

 

If we talk about Fyers as per the latest update there are For a limited time period there are no Account opening charges at Fyers 

Recently, Fyers is not charging even for AMC for a limited time period.

Open Free Trading/Demat/Mutual Fund Account With Fyers Online Within minutes with no AMC for a limited time period here.

 

Where as Zerodha charges one time account opening fee of Rs.200 only for equity and Rs.300 for (Equity, FNO, Currency, commodity) and Rs.300 for AMC (Annual Maintenance Charge) at the year end.

 

 

Click here to open an Zerodha trading/demat/mutual fund account online within minutes.

 

Apart from this certain other charges for various services offered

Zerodha Charges:

Call & Trade and RMS auto-squareoff: Additional charges of ₹50 per executed order.

Physical copies of contract notes, if required, shall be charged ₹20 per contract note. Courier charges apply

Call & trade

Additional charges of ₹50 per order: for orders placed through zerodha support/dealing desk.

Payment gateway charges ₹9 + GST if UPI than no charges levied

Fyers Charges:

Let us see some other charges at fyers:

Fyers call and trade charges is Rs. 20 per executed order

Fyers auto-square-off charges is Rs. 20 per executed order

Fyers Physical Contract Note Charges is Rs. 20 per physical contract note + courier charges

No Payment gateway charges at fyers recently they have removed this.

 

Zerodha Vs Fyers Online Account Opening Process:

Once you sign up using above links you need to upload certain documents listed below:

1. Your PAN card
2. Your Aadhaar
3. To complete the e Sign process, you will have to authenticate it with an OTP. So, make sure you have the number linked to your Aadhaar handy. If not, you will not be able to complete the process. If the number linked to your Aadhaar is inactive, or if you don’t have any number linked, then you can visit your nearest Aadhaar Seva Kendra to get it updated.
4. Cancelled cheque/Bank statement to link your bank account –

If your cheque is not personalized then the bank statement you upload should have both the IFSC and MICR code printed on it. If not then your application will be rejected. The bank statement has to be self-attested.

5. A photo or scanned copy of your signature proof will be required to be uploaded.
6. Income proof –

It is mandatory to submit income proof if you wish to trade in Futures and options – Equity, Commodity, and Currency.  You can submit one of the below documents.

• Form-16
• Income tax returns acknowledgment
• 6-month Bank statement
• Latest salary slip
• Demat holding statement, or
• A CA certifying your net worth

Note: The documents mentioned are for a Resident Individual Account.

 

Zerodha Vs Fyers Trading Platform Comparison:

 

 

The most important part of any trading platform is the tools and resources it has to technical analysis. Zerodha and Fyers both has all the indicators and types of chart required to make it possible.

Whether you want to use:

MACD indicator

Bollinger Bands indicator

RSI indicator

Volume Indicator

Support and Resistance indicator

Fibonacci Retracements

Different Candlestick patterns etc. you name the indicator and it will be there, so all in all zerodha and Fyers has everything what is needed for a hassle-free trading platform.

You can add- withdraw funds directly, create or back-test trading strategies and lot more from trading platform itself.

The reason I am not involving all the features of different trading platform, because unnecessary it will be long, second all the features are somewhat equal.

However you can read them in detail if you want here for Zerodha trading platform for Fyers trading platform.

 

Zerodha Vs Fyers Orders Comparison:

Order Type Compare	5paisa	Zerodha
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

 

Apart from this zerodha also have GTD(good till triggered) order type, Fyers don’t have this type of order.

Now, let us see some other features offered by zerodha and fyers

 

Zerodha Mutual Fund Platform Coin:

This year in Feb, 2020 zerodha applied for mutual fund license as well, In the forthcoming months you would see zerodha  pioneering in asset management companies(AMC) as well.

They have also launched a dedicated platform by the name COIN, where one can invest in different mutual funds directly, without any commission.

 

 

Which means that finally you don’t have to pay up to 1.5% and 1% every year commission to the distributor/platform where you purchased the fund. These % commissions over a longer period of time compound and can become significantly big.

 

Fyers Thematic Investing Platform:

Fyers along with the trading services gives its clients a platform to build portfolios which are pre designed and chosen by fyers. One who are looking for investment rather than trading can easily invest through thematic investing platform.

Thematic investing allows you to invest in different themes or portfolios without getting into the stock specifics. So, instead of spending your precious time doing fundamental analysis and trying to build your portfolios, you can simply choose various themes offered by fyers.

 

 

A theme is a portfolio of stocks which revolve around a particular idea or sector. Themes are intelligently designed to help investors build a good portfolio rather than individual stocks.

It is a less risky way of investing in the Indian stock market as compared to directly investing in individual stocks as it offers more diversification.

For those who are keen on investing but don’t know how to start, this is your go-to platform for building an optimal portfolio.

Choosing this route, gives you a hassle-free experience as themes are rebalanced periodically to help you stay tuned with current developments in the stock market with the help of fyers research team.

As I have already told you above there are No or say zero brokerage to pay for using thematic investment in fyers.

Other than this zerodha has tied up with various other financial tech companies provide many other services, however there is some charge associated with each services.

Tickertape, Streak, Refinitiv, Smallcase, Sensibull etc.

Charges for optional value added services mentioned above for premium services:

Service	Billing Frequency	Charges
StockReports+	Monthly / Bi-annually / Annually	150/810/1440
Screener	Monthly / Quarterly / Bi-annually / Annually	100/285/540/960
Smallcase	Per transaction	100
Sensibull	Monthly	Free: 0 | Lite: 800 | Pro: 1300
Streak	Monthly	Basic: 500 | Premium: 900 | Ultimate: 1400

 

You can read more about this services here. These services as of now are not available with Fyers.

 

My Opinion On Zerodha Vs Fyers:

I hope you have now thoroughly understood most of the services offered by Zerodha and Fyers, if you ask me in Zerodha vs Fyers which is better?

Zerodha in itself is the universe, whether you are a beginner or experience trader and investor, zerodha has all resources set at one place for you.

Expressing my opinion in terms of all technological tools, advanced platforms, robust management i would rate Zerodha 9.6 out of 10.

To open an account with Zerodha right away click on this link.

Fyers is just 6.4 years old, have made itself a brand within this period. There are more than 250 stockbrokers in India which are working from so long, but Fyers has created its own place.

This a significant example of how a startup should work, As I have already experienced the various services offered by fyers, I must say there are ahead in the race and will be in Top 10 stock broker position very soon.

If I have to rate the Fyers in comparison with Zerodha, I will give 9.2 out of 10.

However, I want to suggest new comers or beginners in trading and investment to open an account with Fyers because of less clients they are more actively responds to your concerns.

So don’t wait, go ahead and open an account now with no AMC with Fyers.

If you are a beginner in trading and investing, please read this amazing guide on how share market works in India?

If you are looking for making an FD fixed deposit than do check best banks in India with Highest FD returns and calculate the value of your FD Moneycontain free FD calculator with inflation.

You can check my review on 5Paisa here.

You can also check my comparison for zerodha vs 5paisa here

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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.