INDmoney vs Fyers | Broker Comparison

INDmoney vs Fyers

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

INDmoney

INDmoney

Active Clients: 8,38,493

Established in 2019, INDmoney Private Limited is India's comprehensive financial management platform, enabling users to organize, plan, and increase their wealth in a single location. With INDmoney, users can monitor ...

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 ...

Side-by-Side Compare Table

Category	INDmoney	Fyers
Basic Details	•Broker Type: Digital broker and finance super-app model •Founded: 2019	•Broker Type: Discount broker •Founded: 2015
Charges & AMC	•Account Opening: Rs 0 •Demat AMC: Rs 0 (lifetime in listed offer)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated)
Brokerage	•Equity Delivery: 0.05% or Rs 20, whichever is lower •Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2)	•Equity Delivery: Rs 20 or 0.03% (whichever is lower) •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
Other Charges	•Minimum brokerage floor in some segments (for example Rs 2). •Pledge/unpledge fee per request applies.	•Call and Trade: additional charge (referenced as Rs 50/order) •Admin square-off charges may apply for auto close positions.
Leverage (Margin)	•Margin wallet boost/MTF style offerings highlighted in source promotions. •Exact leverage depends on product, eligibility, and risk policy.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.
Features	•Unified money tracking plus investing app. •Indian and US investing from one account ecosystem.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis.
Trading Platforms	•INDmoney app •INDstocks app	•Fyers App (mobile) •Fyers Web
Reviews & Ratings	•Positioned as a fast-growing digital-first wealth app. •In this extracted snapshot, no single consolidated numeric overall rating is listed.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.
Investment Options	•Indian stocks and ETFs •US stocks and ETFs	•Equity cash •F&O
Order Types Offered	•Standard order workflows for delivery and intraday. •Basket and options-chain based execution support in platform flow.	•Standard equity and derivatives order types •Intraday and delivery order handling
Suitable For (Investor Type)	•Users seeking one app for India + US investing. •Mobile-first investors who want finance tracking and execution together.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.
Pros and Cons	•Pros: •Zero opening and AMC in listed offers.	•Pros: •Very competitive flat-fee structure.

Detailed Comparison

Basic Details

INDmoney	Fyers
•Broker Type: Digital broker and finance super-app model •Founded: 2019 •SEBI Registration: Investment advisor registration noted; broking through exchange memberships •Exchanges Mentioned: NSE, BSE, BSE Star MF membership context •Product Focus: Indian + US market access from one app	•Broker Type: Discount broker •Founded: 2015 •SEBI Registration: INZ000008524 •NSE Member Code: 90061 •Net Worth: Rs 175.61 Cr

Charges & AMC

INDmoney	Fyers
•Account Opening: Rs 0 •Demat AMC: Rs 0 (lifetime in listed offer) •Account model: 2-in-1 (trading + Demat)	•Trading and Demat Account Opening: Rs 0 •Trading AMC: Rs 0 (lifetime as stated) •Demat AMC: Rs 0 (lifetime as stated)

Brokerage

INDmoney	Fyers
•Equity Delivery: 0.05% or Rs 20, whichever is lower •Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2) •Equity Futures: Rs 20 per order •Equity Options: Rs 20 per order •US Stocks (global access): 0.25% per transaction, max $25	•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

Other Charges

INDmoney	Fyers
•Minimum brokerage floor in some segments (for example Rs 2). •Pledge/unpledge fee per request applies. •Statutory and exchange charges apply where relevant.	•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.

Leverage (Margin)

INDmoney	Fyers
•Margin wallet boost/MTF style offerings highlighted in source promotions. •Exact leverage depends on product, eligibility, and risk policy.	•Margin products include MTF offerings in promotional messaging. •Practical leverage and margin depend on segment, risk, and exchange norms.

Features

INDmoney	Fyers
•Unified money tracking plus investing app. •Indian and US investing from one account ecosystem. •Family finance tracking and planning support. •Dedicated INDstocks app for active trading workflows.	•In-house built trading stack. •Insta Options for strategy building and payoff analysis. •Low-cost fixed brokerage proposition.

Trading Platforms

INDmoney	Fyers
•INDmoney app •INDstocks app •Web onboarding and account management flow	•Fyers App (mobile) •Fyers Web •Fyers One desktop terminal

Reviews & Ratings

INDmoney	Fyers
•Positioned as a fast-growing digital-first wealth app. •In this extracted snapshot, no single consolidated numeric overall rating is listed.	•Marketed as a low-brokerage technology-first platform. •In this source extract, a single numeric overall rating is not prominently presented.

Investment Options

INDmoney	Fyers
•Indian stocks and ETFs •US stocks and ETFs •Mutual funds •IPO •F&O (equity) •NPS and fixed deposits	•Equity cash •F&O •Currency derivatives •Mutual funds (direct)

Order Types Offered

INDmoney	Fyers
•Standard order workflows for delivery and intraday. •Basket and options-chain based execution support in platform flow.	•Standard equity and derivatives order types •Intraday and delivery order handling •Option strategy workflow through Insta Options tools

Suitable For (Investor Type)

INDmoney	Fyers
•Users seeking one app for India + US investing. •Mobile-first investors who want finance tracking and execution together. •Retail users looking for low entry-cost onboarding.	•Active traders focused on low brokerage and platform tools. •Users who prefer in-house charting and options strategy interfaces.

Pros and Cons

INDmoney	Fyers
•Pros: •Zero opening and AMC in listed offers. •Broad multi-asset coverage including US stocks. •Strong app-led convenience features. •Cons: •No classic 3-in-1 bank integration model. •Currency and commodity F&O availability is limited in the referenced snapshot.	•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.

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.