Bajaj Securities and Fyers are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Securities is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, while Fyers is listed as a Private Discount Broker , established in 2015 and headquartered in Bangalore.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Securities or Fyers is a better fit for your investment style, platform preference, and budget.
Bajaj Securities is listed as a Public Discount Broker established in 2010 with headquarters in Pune and founded by Sanjiv Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. It follows a Freedom Plan brokerage structure.
Fyers is listed as a Private Discount Broker established in 2015 with headquarters in Bangalore and founded by Tejas Khoday, Shreyas Khodey & Yashas Khodey. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. Its brokerage model is structured as Standard Plan.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Bajaj Securities vs Fyers — A Comprehensive Company Overview
| Company Overview | Bajaj Securities | Fyers |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune | Bangalore |
| Founder | Sanjiv Bajaj | Tejas Khoday, Shreyas Khodey & Yashas Khodey |
| Establishment Year | 2010 | 2015 |
| Brokerage Plan | Freedom Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Securities and Fyers.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Securities charges Rs.20 per Trade while Fyers charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Securities charges Rs.20 per Trade while Fyers charges Rs.20 per Trade or 0.03% (whichever is Low).
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Securities charges Rs.20 per Trade while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Equity options: This charge applies to equity option contracts. Bajaj Securities charges Rs.20 per Trade while Fyers charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Securities charges N/A ; Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Securities charges N/A ; Fyers charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Securities charges N/A ; Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Securities charges N/A ; Fyers charges Rs.20 per Trade.
Bajaj Securities vs Fyers — Detailed Brokerage Comparison
| Brokerage | Bajaj Securities | Fyers |
|---|---|---|
| Brokerage Plan | Freedom Plan | Standard Plan |
| Subscription Charges | Rs.431 per Year (1st Year Free) | Zero |
| Equity Delivery | Rs.20 per Trade | Free |
| Equity Intraday | Rs.20 per Trade | Rs.20 per Trade or 0.03% (whichever is Low) |
| Equity Future | Rs.20 per Trade | Rs.20 per Trade or 0.03% (whichever is low) |
| Equity Option | Rs.20 per Trade | Rs.20 per Trade |
| Commodity Future | NA | Rs.20 per Trade or 0.03% (whichever is low) |
| Commodity Option | NA | Rs.20 per Trade |
| Currency Future | NA | Rs.20 per Trade or 0.03% (whichever is low) |
| Currency Option | NA | Rs.20 per Trade |
Bajaj Securities provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Fyers provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Bajaj Securities and Fyers both list an Android trading app.
iOS app: Bajaj Securities and Fyers both list an iOS trading app.
Web trading platform: Bajaj Securities and Fyers both list a web trading platform.
Desktop trading terminal: Fyers lists a desktop trading terminal, while Bajaj Securities does not currently mention it.
Algo trading: Fyers lists algo trading support, while Bajaj Securities does not currently mention it.
Basket trading: Fyers lists basket trading, while Bajaj Securities does not currently mention it.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Securities and Fyers both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Bajaj Securities vs Fyers — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Securities | Fyers |
|---|---|---|
| Android App | Bajaj Securities Android App Link | Fyers Android App Link |
| iOS App | Bajaj Securities iOS App Link | Fyers iOS App Link |
| Web Trading Platform | Bajaj Securities Web Trading Link | Fyers Web Trading Link |
| Trading Terminal | NA | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Bajaj Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts, while Fyers promotes watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Securities and Fyers offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Securities and Fyers offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Bajaj Securities offers this; Fyers does not currently highlight it.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Bajaj Securities offers this; Fyers does not currently highlight it.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Fyers offers this; Bajaj Securities does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Fyers offers this; Bajaj Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Bajaj Securities and Fyers offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Securities and Fyers offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Securities and Fyers offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Bajaj Securities and Fyers offer this feature.
Bajaj Securities vs Fyers — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Securities | Fyers |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | No |
| Online MF Buy | Yes | No |
| Research Reports | No | Yes |
| Global Indices | No | No |
| Customised Recommendations | No | Yes |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Securities and Fyers.
Free account opening: Bajaj Securities and Fyers both list free account opening.
Free AMC: Bajaj Securities and Fyers both list free Demat AMC.
Free brokerage: Fyers lists free brokerage, while Bajaj Securities does not currently mention it.
Flat brokerage: Bajaj Securities and Fyers both list flat brokerage pricing.
Flexible brokerage plans: Bajaj Securities lists flexible brokerage plans, while Fyers does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Fyers lists free delivery trading, while Bajaj Securities does not currently mention it.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Neither broker currently highlights free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Bajaj Securities offers Rs.200 per Client while Fyers offers 20% of Revenue for referrals.
Bajaj Securities vs Fyers — Comparison of Latest Offers
| Offer | Bajaj Securities | Fyers |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | Yes |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | No |
| Free Trading Calls | No | No |
| Referral Offers | Rs.200 per Client | 20% of Revenue |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Bajaj Securities highlights equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance, while Fyers highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds, insurance, corporate bonds, government bonds, commodity futures, commodity options, currency futures and currency options.
Bajaj Securities vs Fyers — Complete Comparison of Products
| Product | Bajaj Securities | Fyers |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | Yes | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | Yes | No |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: Bajaj Securities and Fyers both list Demat services.
Trading services: Bajaj Securities and Fyers both list trading services.
Intraday services: Bajaj Securities and Fyers both list intraday trading services.
F&O services: Bajaj Securities and Fyers both list F&O services.
IPO services: Bajaj Securities and Fyers both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Neither broker currently highlights stock research.
Stock recommendations: Neither broker currently highlights stock recommendations.
Trading education: Bajaj Securities and Fyers both list trading education.
Share pledging: Bajaj Securities and Fyers both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Bajaj Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and trading education, while Fyers offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
Bajaj Securities vs Fyers — In-Depth Comparison of Services
| Service | Bajaj Securities | Fyers |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | No |
| Stock Recommendations | No | No |
| Trading Education | Yes, Samadhan | Yes, School of Stocks |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Securities and Fyers.
Bajaj Securities and Fyers — Detailed Comparison of Advisory Services
| Advisory | Bajaj Securities | Fyers |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes, chargeable | Yes, chargeable |
| Company Reports | No | Yes, chargeable |
| Annual Reports | No | No |
| IPO Reports | Yes | No |
| Technical Reports | No | No |
| Stock Tips | Yes, chargeable | Yes, chargeable |
| Daily Top Stock Picks | No | Yes, chargeable |
| Daily Market Review | No | Yes, chargeable |
| Monthly Review | No | No |
| Weekly Review | No | Yes, chargeable |
| Relationship Manager | Yes, chargeable | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Securities and Fyers across different segments.
Bajaj Securities and Fyers — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Securities | Fyers |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Bajaj Securities and Fyers both list a sub-broker program. Bajaj Securities and Fyers both list a partner program. Bajaj Securities and Fyers both list a referral program.
Bajaj Securities vs Fyers — Comparative Analysis of Programs
| Program | Bajaj Securities | Fyers |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Bajaj Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Fyers provides support through trading desk support, call support, email support, website support and Facebook support. Bajaj Securities operates Available branches.
Bajaj Securities and Fyers — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Securities | Fyers |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Chargeable |
| Dedicated Dealer | Available, Chargeable | NA |
| Call Support | 1800-833-8888 | 080-60001111 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Securities carries an overall rating of 7.75 / 10, while Fyers carries an overall rating of 8.20 / 10.
Bajaj Securities vs Fyers — Ratings Comparison
| Rating Parameter | Bajaj Securities | Fyers |
|---|---|---|
| Overall Rating | 7.75 / 10 | 8.20 / 10 |
| Customer Support | 7.72 / 10 | 8.16 / 10 |
| Technology | 7.84 / 10 | 8.29 / 10 |
| Charges | 7.78 / 10 | 8.23 / 10 |
| Products & Services | 7.71 / 10 | 8.15 / 10 |
| Experience | 7.69 / 10 | 8.13 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Bajaj Securities & Fyers — Comparison of Customer Complaints
| Complaint Metric | Bajaj Securities | Fyers |
|---|---|---|
| Total Complaints Lodged | 21 | 132 |
| Total Complaints Resolved | 14 | 118 |
| % of Resolved Complaints | 66.67% | 89.39% |
| Non-Actionable Complaints | 4 | 10 |
| % of Non-Actionable Complaints | 19.05% | 7.58% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Securities and Fyers.
Bajaj Securities vs Fyers — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Securities | Fyers |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) 0.00375% (BSE) | |
| Equity Intraday | 0.00325% (NSE) 0.00375% (BSE) | |
| Equity Future | 0.0019% (NSE & BSE) | |
| Equity Option | 0.05% (on premium) | |
| Commodity Future | 0.0026% (Non-Agri) | |
| Commodity Option | 0.05% (Non Agri) | |
| Currency Future | 0.0009% (NSE) | |
| Currency Option | 0.035% (NSE) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Bajaj Securities & Fyers — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Bajaj Securities | Fyers |
|---|---|---|
| Pledge Creation Charges | Nil | |
| Pledge Invocation Charges | Nil | |
| Margin Trading Interest | Nil |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Securities and Fyers — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Securities | Fyers |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | |
| DP Charges | Rs.15 per Scrip on Sell | |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | |
| Account Closure Charges | Nil | |
| Reactivation Charges | Nil | |
| Dematerialisation Charges | Nil | |
| Call & Trade Charges | Rs.50 per Trade |
Bajaj Securities lists account opening charges of Free and Demat AMC of Free. Fyers lists account opening charges of Free and Demat AMC of Free (limited period offer).
Bajaj Securities vs Fyers — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Securities | Fyers |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Free | Free (limited period offer) |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Bajaj Securities vs Fyers — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Securities | Fyers |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | |
| Equity Intraday | 0.025% on sell | |
| Equity Future | 0.0125% on sell | |
| Equity Option | 0.0625% on sell (on premium) | |
| Commodity Future | 0.01% on sell (Non-Agri) | |
| Commodity Option | 0.05% on sell | |
| Currency Future | Nil | |
| Currency Option | Nil |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Bajaj Securities and Fyers — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Securities | Fyers |
|---|---|---|
| Equity Delivery | 0.015% on buy | |
| Equity Intraday | 0.003% on buy | |
| Equity Future | 0.002% on buy | |
| Equity Option | 0.003% on buy | |
| Commodity Future | 0.002% on buy | |
| Commodity Option | 0.003% on buy | |
| Currency Future | 0.0001% on buy | |
| Currency Option | 0.0001% on buy |