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.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- No monthly brokerage plan option.
- Absence of physical branch.
- Lowest brokerage charge.
- Facilitate free trading through tools.
- The opening of the Trading & DEMAT account is free.
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.
|Broker Type||Discount Broker||Discount Broker|
|Headquarters||Bangalore, India||Bangalore, Karnataka|
|Founder||Nithin Kamath||Tejas Khoday, |
Shreyas Khodey &
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.
|On Experience||5.7 out of 10||3.0 out of 10|
|On Products & Services||8.5 out of 10||8.5 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||5.9 out of 10|
|On Stock Research & Advisory||4.0 out of 10||6.0 out of 10|
|On Trading Platforms||9.0 out of 10||5.6 out of 10|
|On Overall Ratings||7.4 out of 10||5.7 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.
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.
|Depository Source||CDSL||CDSL & NSDL|
|Account Opening Charges||Rs.300||Free|
|Demat AMC Charges||Rs.300 per Annum||1st Year Free & Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|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 & Fees||Zerodha Brokerage||Fyers Brokerage|
|Equity Delivery Trading||Zero||Free|
|Equity Intraday Trading||Rs.20||0.01% or Rs.20 per Executed order|
|Commodity Options Trading||Rs.20||0.01% or Rs.20 per Executed order|
|Equity Futures Trading||Rs.20||0.01% or Rs.20 per Executed order|
|Equity Options Trading||Rs.20 per Lot||Rs.20 per executed order|
|Currency Futures Trading||Rs.20||0.01% or Rs.20 per Executed order|
|Currency Options Trading||Rs.20 per Lot||Rs.20 per executed order|
|Minimum Brokerage||Zero||Rs.20 per executed order|
|Demat AMC Charges||Rs.300 per Annum||Free for 1st year & Rs.300|
|Trading AMC Charges||Free||Free|
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs FYERS as below.
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.
|Transaction Charges||0.00325% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% 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.
|Free Demat Account||✖||✔|
|Free Trading Account||✖||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✖|
|1 Month Brokerage Free||✖||✖|
|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.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 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 & Advisory||Zerodha||Fyers|
|Company Stock Review||✖||✖|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✖|
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 / Leverage||Zerodha Margin||Fyers Margin|
|Equity Delivery||Maximum 20x||Maximum 2X|
|Equity Intraday||Maximum 28x||Maximum 5X|
|Equity Futures||Maximum 15x||Maximum 4X|
|Equity Options||Maximum 8x||Maximum 5X|
|Currency Futures||Maximum 12x||Maximum 3X|
|Currency Options||Maximum 8x||Maximum 3X|
|Commodities||Maximum 17x||Maximum 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.
Zerodha Vs Fyers Trading Platforms:
Because of the trading terminal offering of Zerodha vs FYERS, we compared them as below.
|Trading Platforms||Zerodha Trading |
|Fyers Trading |
|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||✖||✖|
|Online MF Buy||✔||✔|
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.
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)||Zerodha||Fyers|
|Lodged in BSE||120||45|
|Resolved in BSE||117||40|
|Lodged in NSE||89||64|
|Resolved in NSE||85||58|
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.