Fyers vs 5Paisa | Broker Comparison

Fyers vs 5Paisa

Side-by-side view of features, pricing context, and platform fit.

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

5Paisa

5Paisa

Active Clients: 3,43,187

5paisa.com is a prominent online stockbroker providing discounted brokerage services to individual investors in India. 5paisa Capital Ltd is a publicly traded and professionally managed entity founded by IIFL promoter...

Side-by-Side Compare Table

Category	Fyers	5paisa
Basic Details	•Broker Type: Discount broker •Founded: 2015	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group)
Charges & AMC	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)	•Account Opening: Rs 0 •Trading AMC: Included in account structure
Brokerage	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade
Other Charges	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.	•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.
Leverage (Margin)	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates.
Features	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds.
Trading Platforms	•Fyers App (mobile) •Fyers Web	•5paisa Mobile App •5paisa Web / Trader Station
Reviews & Ratings	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.
Investment Options	•Equity cash •F&O	•Equity •F&O
Order Types Offered	•Standard equity and derivatives order types •Intraday and delivery order handling	•Regular market orders •Delivery and intraday order flows
Suitable For (Investor Type)	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products.
Pros and Cons	•Pros: •Very competitive flat-fee structure.	•Pros: •Flat Rs 20 pricing model.

Detailed Comparison

Basic Details

Fyers	5paisa
•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr	•Broker Type: Discount broker •Founded: 2016 (5paisa Capital Ltd under IIFL promoter group) •SEBI Registration: INZ000010231 •NSE Member Code: 14300 •Net Worth: Rs 543.53 Cr

Charges & AMC

Fyers	5paisa
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)	•Account Opening: Rs 0 •Trading AMC: Included in account structure •Demat AMC: Rs 300 yearly (often billed quarterly) •DP Sell Transaction: Rs 20 per scrip (sell side)

Brokerage

Fyers	5paisa
•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower) •Futures: Rs 20 or 0.03% (whichever is lower) •Options: Flat Rs 20 per executed order	•Equity Delivery: Rs 20 per trade •Equity Intraday: Rs 20 per trade •Equity Futures: Rs 20 per trade •Equity Options: Rs 20 per trade •Commodity/Currency: Rs 20 per trade across listed segments

Other Charges

Fyers	5paisa
•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions. •Usual statutory charges apply across segments.	•Fund transfer charges may apply by mode (for example net banking fee in some cases). •Statutory charges apply separately: STT, exchange charges, GST, SEBI charges, stamp duty.

Leverage (Margin)

Fyers	5paisa
•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Margin Trading Facility available via 5paisa Pay Later. •MTF funding slabs available with different daily interest rates. •Up to around 4x leverage on approved MTF securities.

Features

Fyers	5paisa
•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.	•Flat-fee structure across segments. •One app for stocks, derivatives, mutual funds, ETFs, and bonds. •Paperless account opening. •Tools like FnO 360 and trading research utilities.

Trading Platforms

Fyers	5paisa
•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal	•5paisa Mobile App •5paisa Web / Trader Station •5paisa Trade Terminal (desktop)

Reviews & Ratings

Fyers	5paisa
•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Positioned as a low-cost broker for active retail users. •In this source snapshot, no single consolidated numeric overall rating is highlighted.

Investment Options

Fyers	5paisa
•Equity cash •F&O •Currency derivatives •Mutual funds (direct)	•Equity •F&O •Currency •Commodities •Mutual Funds (including direct plans) •ETFs and Bonds

Order Types Offered

Fyers	5paisa
•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools	•Regular market orders •Delivery and intraday order flows •Derivatives order support through app/web/terminal

Suitable For (Investor Type)

Fyers	5paisa
•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Cost-conscious traders who prefer flat brokerage. •Users who want one platform for trading and investing products. •Traders who need desktop plus mobile workflow.

Pros and Cons

Fyers	5paisa
•Pros: •Very competitive flat-fee structure. •Lifetime-free account opening and AMC in listed plan context. •Strong options/trader-focused tooling. •Cons: •Assisted channels (call and trade/admin square-off) add extra charges. •Product breadth is narrower than some full-service bank-backed brokers.	•Pros: •Flat Rs 20 pricing model. •Wide product coverage in one account. •Multiple trading platforms and paperless onboarding. •Cons: •Some payment and operational charges can apply depending on usage mode. •Full-service advisory depth is lower than many traditional full-service brokers.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.