Quick Comparision (Fyers
VS Elite Wealth)
Fyers
Fyers Review- Free Investment in Equity Delivery, FNO Trades at Flat 20 Rs Fyers Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, Fyers Review of NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Fyers
Elite Wealth
Single Margin Facility
Year of Incorporation
2015
1990
Exchanges
BSE, NSE, MCX.
NSE, BSE, MCX and NCDEX
Branches
Zero
N/A
Brokerage
₹20/ Order or 0.03% ( Whichever is lower)
0.03%
Broker Type
Discount Broker
Full Service Broker
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Fyers
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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Fyers
Elite Wealth
Commodity Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Currency Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Equity Delivery
₹0
0.33%
Equity Options
₹20/ Order
₹33 per Lot
Commodity Options
₹20/ Order
0.03%
Equity Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Currency Options
₹20/ Order
₹33 per Lot
Fixed Charges
₹20/ Order
0.03%
Equity Intraday
₹20/ Order or 0.03% (whichever is lower)r
0.03%
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Fyers
Elite Wealth
RMS Square Off Charge
(₹50 + GST)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
(₹50 + GST)
₹0 (Free)
Other Brokerage Charges
₹20/ Order or 0.03% (whichever is lower)
0.03%
Minimum Brokerage
₹20/ Order
0.03%
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Fyers
Elite Wealth
Currency Options
₹5900/ Cr(on premium) (0.059%)
NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures
₹240/ Cr (0.0024%)
NSE: 0.00195% on Total Turnover value
Equity Intraday
₹325/ Cr (0.00325%)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options
₹5900/ Cr (on premium) (0.059%)
NSE: 0.053% on Premium value
Commodity
NA
Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures
₹240/ Cr (0.0024%)
NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery
₹325/ Cr (0.00325%)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
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Fyers
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Call Back
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Enquiry with Elite Wealth
Fyers
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform).
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
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Fyers
Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Fyers
Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Fyers
Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Fyers
Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Fyers
Elite Wealth
Casual Investor
Active Investor
Trader
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Fyers
Elite Wealth
Pros
1.Free equity delivery trading 2.The brokerage rate charged by FYERS is ultra-low, Flat ₹20 per trade 3.Quick implementation of new features and services through in-house build trading platform. 4.Referral plan helps to earn 20% of the revenue generated by the referred friend for life time. 5.Investment opportunities in group of stocks through Thematic Investing. 6.Transparency in fee charging i.e. there are no hidden charges. 7.Availability of trading software’s that too completely free.
1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons
1.Higher exchange transaction charges in comparison to other discount brokers. 2. Lack of professional team for market analysis. 3.Depository Services are not provided. 4.FYERS does not provide commodity trading services 5.Customer service lines are not toll free.
1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.
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Fyers
Elite Wealth
Commodity Futures
0.01% on the sell value
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% on sell value
0.025% on Sell
Equity Options
0.05% on sell value (Premium)
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.10%
0.1% on both buy & Sell
Equity Futures
0.01% on sell value
0.01 % on Sell
Commodity Options
0.05% on the sell value
0.05% on Sell Side
Call Back
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Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity Demat Transaction Charges
₹7 + ₹5.5 (CDSL Charges)
No Charges
Call Back
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Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction charges)
18% on (Brokerage + Transaction Charge)
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Enquiry with Elite Wealth
Fyers
Elite Wealth
FYERS Review 2024 | Brokerage Charges, Account Opening FYERS Securities is a Bangalore based discount broker, offering trade in Equity cash, F&O and Currency Derivatives segments at NSE, BSE and MCX. Being incorporated in 2015, the firm focuses on providing services at low brokerage rates. In fact, FYERS is an acronym of “Focus Your Energy & Reform t ..
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Elite Wealth Review | Products and Trading Platforms
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Fyers
Elite Wealth
Commodity Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Currency Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Equity Delivery
₹0
0.33%
Equity Options
₹20/ Order
₹33 per Lot
Commodity Options
₹20/ Order
0.03%
Equity Futures
₹20/ Order or 0.03% (whichever is lower)
0.03%
Currency Options
₹20/ Order
₹33 per Lot
Fixed Charges
₹20/ Order
0.03%
Equity Intraday
₹20/ Order or 0.03% (whichever is lower)r
0.03%
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
RMS Square Off Charge
(₹50 + GST)
₹0 (Free)
API Charges
₹0 (Free)
₹0 (Free)
Call & Trade Charges
(₹50 + GST)
₹0 (Free)
Other Brokerage Charges
₹20/ Order or 0.03% (whichever is lower)
0.03%
Minimum Brokerage
₹20/ Order
0.03%
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Commodity Futures
0.01% on the sell value
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% on sell value
0.025% on Sell
Equity Options
0.05% on sell value (Premium)
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.10%
0.1% on both buy & Sell
Equity Futures
0.01% on sell value
0.01 % on Sell
Commodity Options
0.05% on the sell value
0.05% on Sell Side
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity Demat Transaction Charges
₹7 + ₹5.5 (CDSL Charges)
No Charges
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% on (Brokerage + Transaction charges)
18% on (Brokerage + Transaction Charge)
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
Fyers
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform).
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Elite Wealth