Fyers vs Zerodha | Broker Comparison

Fyers vs Zerodha

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 ...

Zerodha

Zerodha

Active Clients: 68,62,233

Zerodha holds the position of India's top stockbroker, ranking among the largest and most esteemed brokers providing online **flat fee discount brokerage** services for investments in Equity, Currency, Commodity, IPO,...

Side-by-Side Compare Table

Category	Fyers	Zerodha
Basic Details	•Broker Type: Discount broker •Founded: 2015	•Broker Type: Discount broker •Founded: 2010
Charges & AMC	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0
Brokerage	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)	•Equity Delivery: Rs 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
Other Charges	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.	•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.
Leverage (Margin)	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.
Features	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.	•Market-leading client base and volume share. •Transparent flat-fee pricing model.
Trading Platforms	•Fyers App (mobile) •Fyers Web	•Zerodha Kite (web and mobile) •Coin (mutual funds)
Reviews & Ratings	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.
Investment Options	•Equity cash •F&O	•Equity •F&O
Order Types Offered	•Standard equity and derivatives order types •Intraday and delivery order handling	•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners
Suitable For (Investor Type)	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem.
Pros and Cons	•Pros: •Very competitive flat-fee structure.	•Pros: •Zero delivery brokerage and low flat intraday/F&O fees.

Detailed Comparison

Basic Details

Fyers	Zerodha
•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr	•Broker Type: Discount broker •Founded: 2010 •SEBI Registration: INZ000031633 •NSE Member Code: 13906 •Net Worth: Rs 14374.75 Cr

Charges & AMC

Fyers	Zerodha
•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 •Demat AMC: Rs 300 per year

Brokerage

Fyers	Zerodha
•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 0 •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower) •Equity Futures: Flat Rs 20 or 0.03% (whichever is lower) •Equity Options: Flat Rs 20 per executed order •Mutual Funds (direct): Rs 0

Other Charges

Fyers	Zerodha
•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.	•Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty. •DP and depository-side transactional charges apply for applicable sell-side delivery flows.

Leverage (Margin)

Fyers	Zerodha
•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.	•Intraday leverage can go up to around 20x in selected contexts. •Margin remains subject to segment-wise risk and exchange rules.

Features

Fyers	Zerodha
•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.	•Market-leading client base and volume share. •Transparent flat-fee pricing model. •Strong ecosystem: Kite, Coin, Varsity, and partner tools.

Trading Platforms

Fyers	Zerodha
•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal	•Zerodha Kite (web and mobile) •Coin (mutual funds) •Ecosystem tools: Streak, Sensibull, Smallcase, and more

Reviews & Ratings

Fyers	Zerodha
•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.	•Widely regarded as one of the top discount brokers in India. •In this extract, no single combined numeric rating table is displayed.

Investment Options

Fyers	Zerodha
•Equity cash •F&O •Currency derivatives •Mutual funds (direct)	•Equity •F&O •Currency and commodity •IPO, bonds, G-Secs •Direct mutual funds

Order Types Offered

Fyers	Zerodha
•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools	•Standard market, limit, and intraday order flows •Derivatives execution and strategy-linked tools via ecosystem partners

Suitable For (Investor Type)

Fyers	Zerodha
•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.	•Investors seeking transparent low brokerage and direct MF investing. •Active traders preferring robust charting/tool ecosystem. •Beginners and advanced users due to education plus platform depth.

Pros and Cons

Fyers	Zerodha
•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: •Zero delivery brokerage and low flat intraday/F&O fees. •Strong product ecosystem and technology maturity. •Trusted and transparent pricing structure. •Cons: •No branch-heavy assisted full-service model. •Some advanced workflows rely on external integrated tools.

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.