Zerodha vs Fyers – Compare Charges, Trading Features, Offers & More

Overview — Zerodha vs. Fyers

Zerodha is listed as a Private Discount Broker established in 2010 with headquarters in Bangalore, India and founded by Nithin Kamath. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard 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.

Brokerage charges comparison — Zerodha vs. Fyers

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Zerodha and Fyers.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Zerodha charges Free while Fyers charges Free.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Zerodha charges Rs.20 per Trade or 0.03% (whichever is low) 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. Zerodha charges Rs.20 per Trade or 0.03% (whichever is low) while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).

Equity options: This charge applies to equity option contracts. Zerodha 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. Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low) while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).

Commodity options: This charge applies to option contracts on commodity instruments. Zerodha charges Rs.20 per Trade while Fyers charges Rs.20 per Trade.

Currency futures: This charge allows participation in forex price movements on the exchange. Zerodha charges Rs.20 per Trade or 0.03% (whichever is Low) while 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. Zerodha charges Rs.20 per Trade while Fyers charges Rs.20 per Trade.

Trading platforms comparison — Zerodha vs. Fyers

Zerodha provides mobile app access, web trading and algo trading support 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: Zerodha and Fyers both list an Android trading app.

• iOS app: Zerodha and Fyers both list an iOS trading app.

• Web trading platform: Zerodha and Fyers both list a web trading platform.

• Desktop trading terminal: Fyers lists a desktop trading terminal, while Zerodha does not currently mention it.

• Algo trading: Zerodha and Fyers both list algo trading support.

• Basket trading: Zerodha and Fyers both list basket trading.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Zerodha and Fyers both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Zerodha lists a bonds investment platform, while Fyers does not currently mention it.

Zerodha vs. Fyers — Comparison of trading features

Zerodha highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, 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 Zerodha and Fyers offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Zerodha and Fyers offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Zerodha offers this; Fyers does not currently highlight it.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Zerodha 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; Zerodha does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Fyers offers this; Zerodha does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Fyers offers this; Zerodha does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Zerodha and Fyers offer this feature.

• Live market: Live updates on market movements and trends. Both Zerodha and Fyers offer this feature.

• Secure platform: A secure trading environment with next-generation security controls. Both Zerodha and Fyers offer this feature.

Zerodha vs. Fyers — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Zerodha and Fyers.

• Free account opening: Fyers lists free account opening, while Zerodha does not currently mention it.

• Free AMC: Fyers lists free Demat AMC, while Zerodha does not currently mention it.

• Free brokerage: Zerodha and Fyers both list free brokerage.

• Flat brokerage: Zerodha and Fyers both list flat brokerage pricing.

• Flexible brokerage plans: Neither broker currently highlights flexible brokerage plans.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Zerodha and Fyers both list free delivery trading.

• 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: Zerodha offers 10% + 300 Points per Client while Fyers offers 20% of Revenue for referrals.

Offered products comparison — Fyers vs. Zerodha

Product availability determines whether a broker can support your preferred markets. Zerodha highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, 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, commodity futures, commodity options, currency futures, currency options, mutual funds, corporate bonds, government bonds and bonds.

• Demat services: Zerodha and Fyers both list Demat services.

• Trading services: Zerodha and Fyers both list trading services.

• Intraday services: Zerodha and Fyers both list intraday trading services.

• F&O services: Zerodha and Fyers both list F&O services.

• IPO services: Zerodha 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: Zerodha and Fyers both list trading education.

• Share pledging: Zerodha 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.

Offered services comparison — Zerodha vs. Fyers

Zerodha 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.

Stock advisory service comparison — Zerodha vs. Fyers

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Zerodha and Fyers.

Exposure comparison — Zerodha vs. Fyers

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Zerodha and Fyers across different segments.

Comparison of programs — Zerodha vs. Fyers

Zerodha and Fyers both list a sub-broker program. Zerodha and Fyers both list a partner program. Zerodha and Fyers both list a referral program.

Customer support comparison — Zerodha vs. Fyers

Zerodha 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.

Ratings — Zerodha vs. Fyers

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Zerodha carries an overall rating of 9.85 / 10, while Fyers carries an overall rating of 8.20 / 10.

Complaints — Zerodha vs. Fyers

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.

Transaction charges comparison — Zerodha vs. Fyers

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Zerodha and Fyers.

Pledge charges comparison — Zerodha vs. Fyers

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.

Hidden charges comparison — Zerodha vs. Fyers

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Zerodha vs Fyers

Zerodha lists account opening charges of Rs.200 – Rs.300 and Demat AMC of Rs.300 per Year. Fyers lists account opening charges of Free and Demat AMC of Free (limited period offer).

Zerodha vs Fyers — Compare STT & CTT

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.

Compare stamp duty — Zerodha and Fyers

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.

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