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Zerodha Vs Fyers – Which One Is Better? Side-By-Side Comparison

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Zerodha Vs FYERS – Comparison

Both Zerodha and Fyers offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.

It will lead him to a better decision making ability. Here we have compared Zerodha vs Fyers to highlight the areas where the investor needs to know & analyze more. 

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

Whereas, Mumbai based discount broker Fyers incorporated in 2014, is a famous broker of India. It has the lowest brokerage and marginal trading facility. FYERS doesn’t have any branch and offline support system as it is a discount broker. 

Notable Points: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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FYERS: 

  1. No monthly brokerage plan option.
  2. Absence of physical branch.
  3. Lowest brokerage charge.
  4. Facilitate free trading through tools. 
  5. The opening of the Trading & DEMAT account is free.
Zerodha Vs Fyers
Zerodha Vs Fyers

Zerodha Vs Fyers Overall Company Details: 

Comparing Zerodha vs FYERS based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewZerodhaFyers
Company TypePrivatePrivate
Broker TypeDiscount BrokerDiscount Broker
HeadquartersBangalore, IndiaBangalore, Karnataka
FounderNithin KamathTejas Khoday,
Shreyas Khodey &
Yashas Khodey
Established Year20102015

Comparison on Customer Ratings:

Comparing Zerodha vs FYERS based on Customer Ratings we get this information. Here we can see that regarding experience and research Fyers is winning the race while in the remaining segments other than products and services Zerodha is leading.

In products and service both the broker has similar ratings.

Customer RatingsZerodhaFyers
On Experience5.7 out of 103.0 out of 10
On Products & Services8.5 out of 108.5 out of 10
On Brokerage Charges & Fees9.5 out of 105.9 out of 10
On Stock Research & Advisory4.0 out of 106.0 out of 10
On Trading Platforms9.0 out of 105.6 out of 10
On Overall Ratings7.4 out of 105.7 out of 10
On Star Ratings★★★★★★★★☆☆

Zerodha Vs Fyers AOC & AMC: 

Here we have compared Zerodha vs FYERS based on account opening charge & account maintenance charge.

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Here we can see from the below contrast that FYERS provides free AMC on Trading accounts & free account opening. Whereas, Zerodha provides free trading AMC only.

Demat ServicesZerodhaFyers
Depository SourceCDSLCDSL & NSDL
Account Opening ChargesRs.300Free
Demat AMC ChargesRs.300 per Annum1st Year Free & Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyZeroZero-Margin
Offline to Online

Zerodha Vs Fyers Brokerage Charge:

Contrasting Zerodha vs FYERS based on Brokerage Charge we get the below details.

Here we can see that FYERS offers a mixed brokerage charge structure that is 0.01% of the order amount or flat Rs. 20/- whichever is lower. While Zerodha also offers a flat fee-based brokerage charge @INR.20/-.

FYERS charges a minimum brokerage on executed orders @INR.20/-but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha BrokerageFyers Brokerage
Equity Delivery TradingZeroFree
Equity Intraday TradingRs.200.01% or Rs.20 per Executed order
Commodity Options TradingRs.200.01% or Rs.20 per Executed order
Equity Futures TradingRs.200.01% or Rs.20 per Executed order
Equity Options TradingRs.20 per LotRs.20 per executed order
Currency Futures TradingRs.200.01% or Rs.20 per Executed order
Currency Options TradingRs.20 per LotRs.20 per executed order
Minimum BrokerageZeroRs.20 per executed order
Demat AMC ChargesRs.300 per AnnumFree for 1st year & Rs.300
Trading AMC ChargesFreeFree
Margin MoneyZeroZero-Margin

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs FYERS as below.

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We can see that both the broker share a similar charge structure other than the transaction charge segment. In terms of transaction charges, Fyers charges lesser charges than Zerodha.

Other ChargesZerodhaFyers
Transaction Charges0.00325% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison on Offers: 

Contrasting Zerodha & FYERS we get the below comparison on offers. We here can see that in terms of offers FYERS is ahead of Zerodha for providing more offers.

OffersZerodhaFyers
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for
Loss Making Trades

Comparison on Services Offered: 

Comparing Zerodha vs FYERS based on their service offering we derived the below comparison. These services always can influence your trading experience.

ServicesZerodhaFyers
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 5X

Zerodha and Fyers Research & Advisory: 

Contrasting Zerodha and FYERS based on their research & advisory offering we received the below comparison. Here we can see that Zerodha doesn’t offer any research & advisory service. While Fyers only offers free stock tips. 

Research & AdvisoryZerodhaFyers
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Zerodha Vs Fyers Margin/ Exposure/ Leverage

Considering Zerodha vs FYERS based on product-wise leverage we get the below details. Almost all the margin charges are different in these broking organizations.

Exposure / LeverageZerodha MarginFyers Margin
Equity DeliveryMaximum 20xMaximum 2X
Equity IntradayMaximum 28xMaximum 5X
Equity FuturesMaximum 15xMaximum 4X
Equity OptionsMaximum 8xMaximum 5X
Currency FuturesMaximum 12xMaximum 3X
Currency OptionsMaximum 8xMaximum 3X
CommoditiesMaximum 17xMaximum 3X

Comparison of Products: 

Comparing Zerodha vs FYERS based on their product offering we derived the below comparison.

We can see in this below comparison that both Zerodha and FYERS provide similar products to their investors except that mutual fund and SIP segment which is offered by only FYERS. 

ProductsZerodhaFyers
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Fyers Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  FYERS, we compared them as below.  

Trading PlatformsZerodha Trading
Platforms
Fyers Trading
Platforms
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management
Open Demat Account with Fyers
Zerodha or Fyers – Open Demat Account with Fyers

Zerodha or Fyers Customer Support: 

Comparing customer assistance, we here have compared Zerodha or FYERS as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading While FYERS doesn’t facilitate dedicated dealers, 24×7 support, offline trading & chat support. 

Customer SupportZerodhaFyers
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Email Support
Chat Support
Toll-Free Number
BranchesZeroNo Branch

Comparison of Grievances: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs FYERS based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaFyers
Lodged in BSE12045
Resolved in BSE11740
Lodged in NSE8964
Resolved in NSE8558

Zerodha Call Back Request

Fyers Call Back Request

Conclusion:

Finally, we can conclude that FYERS (discount broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Fyers as per his need only.

open zerodha demat account
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