Zerodha Vs Fyers — Margin, Top Review, Best Plan & Fees 2021

Before you start your stock market journey, you must understand which brokerage firm is best for you. When we talk about Zerodha Vs Fyers, they are both discount brokerage firms so there is tough competition between them to grow faster. However, It’s understand Zerodha & Fyers before we find the difference between Zerodha and Fyers.

Zerodha

They began operations on August 15, 2010, with the objective of removing all cost, support, and technological hurdles that traders and investors encounter in India. The firm was given the term Zerodha, which is a mix of Zero and “Rodha,” a Sanskrit term that means “barrier.”

Today, They are India’s largest stock broker in terms of active retail customers thanks to their innovative pricing methods and in-house technologies.

Every day, over 5 million customers use our strong ecosystem of investing channels to place millions of orders, accounting for over 15% of all Indian retail market capitalization.

Fyers

After trading and working with various brokerages, they discovered that there is a significant disconnect between what traders/investors want and what brokers are willing to give. They founded FYERS to alter the way India trades after witnessing it personally for many years.

They’ve been able to develop a wonderful community of traders/investors over the last several years who are passionate about the need for reform in the capital markets.

So far, they’ve grown to a staff of 200 people that help 65,000+ consumers trade with ease. they’re one of only a few Indian stockbrokers that can boldly state that they have no conflicts of interest with their clients.

They feel as though their adventure is just getting started with each new advancement.

Comparison between Zerodha and Fyers

These are the major difference between Zerodha and Fyers:

• Zerodha is a discount broker that was founded in 2010. It trades on the NSE, BSE, MCX, and NCDEX. It has 22 locations in India. Fyers is a discount broker that was founded in 2015. It allows you to trade on the NSE and the MCX. It has no branches in India.
• The cost of creating a Zerodha trading account is Rs 200, whereas the cost of registering a Fyers account is Rs 0. (Free). The annual maintenance charge for a Zerodha demat account is Rs 300, while the annual maintenance charge for a Fyers demat account is Rs 300.
• Fyers brokerage costs are Rs 0 (Free) for equities and Rs 20 per executed order or.03 percent whichever is less, while Zerodha brokerage fees are Rs 0 (Free) for equity and Rs 20 per executed order or.03 percent whichever is lesser.

Other Charges & Margins

• NSE Rs 5300 per Cr (0.053 percent) (on premium) for Zerodha, whereas Fyers exchange transaction fees for options are Rs 5900 per Cr (on premium) for Fyers (0.059 percent ).
• Depending on the stock ‘s fluctuation the Zerodha margin for intraday trading is up to 6 times the trade value, while the Fyers margin for intraday cash is up to 6x the transaction value.
• From September 1, 2021, the exchange will decide on the margin given by the broker, according to the new policy. Brokers are unable to provide ‘extra margin’ such as 40x in any section. The same margin exposure or leverage will be offered by all brokers.

Originally published at https://profitmust.com on July 10, 2021.