Fyers Vs INDmoney
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.
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Fyers Vs INDmoney - Broker Details
| Fyers | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2015 | 2019 |
| Exchanges | BSE, NSE, MCX. | NSE, BSE and MCX |
| Branches | Zero | 966 |
| Brokerage | ₹20/ Order or 0.03% ( Whichever is lower) | 0.05% or up to ₹20/Per Order |
| Broker Type | Discount Broker | Discount Broker |
| Call Back Open Account |
Fyers Vs INDmoney - Account Opening & AMC Charges
| Fyers | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Call Back Open Account |
Fyers Vs INDmoney - Brokerage charges & Plans
| Fyers | INDmoney | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Fyers Vs INDmoney - Other Charges
| Fyers | INDmoney | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | (₹50 + GST) | ₹50 per position |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Fyers Vs INDmoney - Transaction Charges
| Fyers | INDmoney | |
|---|---|---|
| Currency Options | ₹5900/ Cr(on premium) (0.059%) | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | ₹240/ Cr (0.0024%) | NSE: 0.00195% on total turnover value |
| Equity Intraday | ₹325/ Cr (0.00325%) | NSE - 0.00325% | BSE- 0.00375% |
| 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 Following Scrips: 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: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | ₹325/ Cr (0.00325%) | NSE - 0.00325% | BSE- 0.00375% |
| Call Back Open Account |
Fyers Vs INDmoney - Margin (Exposure)
| Fyers | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Fyers Vs INDmoney - Features
| Fyers | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
Fyers Vs INDmoney - Review & Rating
| Fyers | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Fyers Vs INDmoney - Request a call back from Broker
| Fyers | INDmoney | |
|---|---|---|
| Call Back Open Account |
Fyers Vs INDmoney - Investment Options
| Fyers | INDmoney | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account |
Fyers Vs INDmoney - Order Type
| Fyers | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account |
Fyers Vs INDmoney - Research & Report
| Fyers | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account |
Fyers Vs INDmoney - Daily Market Report
| Fyers | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
Fyers Vs INDmoney - Suitable For Investor
| Fyers | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
Fyers Vs INDmoney - Pros & Cons
| Fyers | INDmoney | |
|---|---|---|
| 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. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| 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.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
| Call Back Open Account |
Fyers Vs INDmoney - Background
| Fyers | INDmoney | |
|---|---|---|
| Call Back Open Account |
Fyers Vs INDmoney - Compare All Brokers
| Fyers | INDmoney | |
|---|---|---|
| Call Back Open Account |
Fyers Vs INDmoney - STT/CTT
| Fyers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% only on sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% only 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% only on sell |
| Commodity Options | 0.05% on the sell value | 0.05% only on sell side |
| Call Back Open Account |
Fyers Vs INDmoney - Demat transaction charges
| Fyers | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | ₹250/ per certificate |
| Call Back Open Account |
Fyers Vs INDmoney - GST
| Fyers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Fyers Vs INDmoney - SEBI Charges
| Fyers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
Fyers Vs INDmoney - Account Opening & AMC Charges
Fyers
INDmoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Fyers Vs INDmoney
| Fyers | INDmoney | |
|---|---|---|
FYERS Review 2024 | Brokerage Charges, Account OpeningFYERS 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 .. + " Vs "+ INDmoney |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Fyers Vs INDmoney - Brokerage charges & Plans
| Fyers | INDmoney | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | N/A |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹0 | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Fyers Vs INDmoney - Margin (Exposure)
| Fyers | INDmoney | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML 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 NRML margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Fyers Vs INDmoney - Other Charges
| Fyers | INDmoney | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | (₹50 + GST) | ₹50 per position |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Fyers Vs INDmoney - STT/CTT
| Fyers | INDmoney | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% only on sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% only 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% only on sell |
| Commodity Options | 0.05% on the sell value | 0.05% only on sell side |
| Call Back Open Account |
Fyers Vs INDmoney - Demat transaction charges
| Fyers | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | ₹250/ per certificate |
| Call Back Open Account |
Fyers Vs INDmoney - GST
| Fyers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Fyers Vs INDmoney - SEBI Charges
| Fyers | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
Fyers Vs INDmoney - Features
| Fyers | INDmoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |