ResourceStock Brokers
Zerodha Vs Fyers: Which one is better?
Last updated August 25, 2026
This IPO News reference page covers “Zerodha Vs Fyers: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare zerodha vs fyers on service, account opening charges and amc, compare zerodha vs fyers on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare Zerodha vs Fyers on Service
- Account Opening Charges and AMC
- Compare Zerodha vs Fyers on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Zerodha vs Fyers on Plan Options
- Account Opening
- Brokerage Charges
- Compare Zerodha vs Fyers on Transaction Charges
- Share Broker's Transaction Charges
- Account Features
- Compare Zerodha vs Fyers on Account Features
- Trading Platform
- Compare Zerodha vs Fyers on Trading Platform
- Broker Ratings by Users
- Compare Zerodha vs Fyers on User Rating
- Investment Offerings
- Compare Zerodha vs Fyers on Investment Offerings
- Margin Trading Facility
- Compare Zerodha vs Fyers on MTF
- API
- Compare Zerodha vs Fyers on API Details
- Customer Service Offered
- Compare Zerodha vs Fyers on Customer Service
- Tips/Research/Reports Published
- Compare Zerodha vs Fyers on Research Reports, Tips
- Demat Account
- Compare Zerodha vs Fyers on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Zerodha vs Fyers on Special Offers and Promotion
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities.
- Brokerage: Zerodha Max Rs 20 per trade vs Fyers Max Rs 20 per trade.
- Rating: Zerodha 4.5/5 (higher) vs Fyers 4/5.
- Here we present side-by-side comparison of Zerodha vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
- Fyers Brokerage Plan detail – Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.
- Fyers Securities offers Free AMC for Demat account where Zerodha charges Rs 300 PA (Free for 1st year) AMC for Demat account.
- Trade on BSE, NSE, and MCX
- Rs 20 fixed brokerage on all segments
- Cheapest Rs 50/order brokerage on NRI trading
- No 3-in-1 account offering
- 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency
- 📱 Kite & Coin – #1 Trading Platform & Mobile App
- 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency
- Equity Trading Account: Rs. 200
- Commodity Trading Account: Rs. 100
- Zerodha Demat AMC: Rs. 300
- Fyers Demat AMC: Rs. 225 for 1st year and Rs. 300 PA from 2nd year onwards
- Last Updated on Wed, May 20, 2026
Data Tables
| Segment |
Zerodha |
Fyers |
| Trading Account Opening Fees |
Free |
Free |
| Trading AMC |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
| Demat AMC |
Rs 300 PA (Free for 1st year) |
Free |
| Provide DP Service |
Yes |
Yes |
| Plan Types |
Zerodha |
Fyers |
| Multiple Plans |
No |
Yes |
| Monthly Plans |
No |
No |
| Yearly Plans |
No |
No |
|
Zerodha |
Fyers |
| Account Opening Request |
Open Zerodha Account |
Open Fyers Account |
| Brokerage Charges Compare |
Zerodha |
Fyers |
| Plan Name |
Rs 20 Plan |
Max Rs 20 Per Order Trading Plan |
| Equity Delivery |
Free |
0.30% or Rs 20 |
| Equity Intraday |
0.03% or Rs 20 |
0.03% or Rs 20 |
| Equity Futures |
0.03% or Rs 20 |
0.03% or Rs 20 |
| Equity Options |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Currency Futures |
0.03% or Rs 20 |
0.03% or Rs 20 |
| Currency Options |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Commodity Trading |
Flat Fee Rs 20 |
Flat Fee Rs 20 |
| Minimum Brokerage |
|
|
| Hidden Charges |
No |
No |
| Call & Trade Charges |
Rs 50 Per Executable Order |
Rs 50 Per Order |
| Auto Square off Charges |
Rs 50 Per Executable Order |
Rs 50 Per Order |
| Brokerage Calculator |
Brokerage Calculator for Zerodha |
Brokerage Calculator for Fyers |
| Transaction Charges Compare |
Zerodha |
Fyers |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for zerodha |
Complete Brokerage Plans for fyers |
| Account Features Compare |
Zerodha |
Fyers |
| 3 in 1 Account |
No |
No |
| Charting |
Yes |
Yes |
| Algo Trading |
Yes |
Yes |
| SMS Alerts |
No |
No |
| Online Demo |
Yes |
Yes |
| Online Portfolio |
Yes |
No |
| Margin Trading Funding Available |
Yes |
No |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
| Intraday Square-off Time |
3:20 PM |
3:15 PM |
| NRI Trading |
Yes |
Yes |
| Other Features |
NIL |
Fyers 30 Day Challenge |
| Trading Platform Compare |
Zerodha |
Fyers |
| Web Trading Platform |
Yes |
Yes |
| Web Trading Detail |
Zerodha Kite Web |
Fyers Web |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
| Mobile Trading App |
Zerodha Kite App |
Fyers Mobile App |
| Mobile Trading App Demo |
Zerodha Kite App |
Fyers Mobile App |
| Android Mobile App |
Yes |
Yes |
| Android App Download |
Android Zerodha Kite App Download |
Android Fyers Mobile App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
| iOS App Download |
iOS Zerodha Kite App Download |
iOS Fyers Mobile App Download |
| Android Tablet App |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for Zerodha |
Equity Intraday and Delivery Brokerage Calculator for Fyers |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for Zerodha |
Futures Brokerage Calculator for Fyers |
| Options Brokerage Calculator |
Option Brokerage Calculator for Zerodha |
Option Brokerage Calculator for Fyers |
| Detail |
Detail on Trading Platforms for Zerodha |
Detail on Trading Platforms for Fyers |
|
Zerodha |
Fyers |
|
163 Customer reviews Rate |
11 Customer reviews Rate |
| Fees Ratings |
4.0 |
3.5 |
| Trading Brokerage Rating |
4.4 |
3.6 |
| Trading Platform Usability |
3.7 |
3.5 |
| Customer Service Ratings |
3.8 |
3.5 |
| Overall Rating |
3.9 |
3.2 |
| Broker Rating |
Zerodha is Rated 3.9 / 5 based on 163 customer reviews |
Fyers is Rated 3.2 / 5 based on 11 customer reviews |
| Investment Offerings Compare |
Zerodha |
Fyers |
| Equity Cash and F&O |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
| Commodity |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
| Bonds / NCD |
Yes |
No |
| ETF |
Yes |
Yes |
| Banking |
No |
No |
| Insurance |
No |
No |
| Forex |
No |
No |
| MF SIP Investment |
Yes |
Yes |
| Equity SIP Investment |
Yes |
No |
| PMS Service |
No |
No |
| Other Investment Options |
NIL |
NIL |
| MTF Compare |
Zerodha |
Fyers |
| MTF Leverage |
Upto 5x leverage on 1300+ stocks |
Up to 4x leverage on 1600+ stocks |
| MTF Interest Rate |
0.04% per day (14.6% per annum) |
12.49% – 16.49% per annum (Slab-based MTF Interest rates) |
| MTF Segment |
Equity Delivery (NSE) |
Equity Delivery |
| MTF Pledge Charges |
₹15 per ISIN |
₹12 per stock |
| MTF Unpledged Charges |
₹15 per ISIN |
₹12 per stock |
| Maximum MTF Funding |
₹50 crore per account |
Upto ₹50 Lakh per account |
| API Compare |
Zerodha |
Fyers |
| API Type |
Trading API Market Data API (Websocket API) Historical Data API Publisher API |
Fyers API is a set of online tools by Fyers that lets you connect your own software to your trading account to place orders and access market data automatically. |
| API Charges |
Kite Connect API: Rs 500 per month Personal: Free |
Free |
| Customer Service Compare |
Zerodha |
Fyers |
| 24/7 Customer Service |
No |
No |
| Email Support |
Yes |
Yes |
| Online Live Chat |
No |
No |
| Phone Support |
Yes |
Yes |
| Toll Free Number |
No |
No |
| Through Branches |
Yes |
No |
| Customer Care Number |
"+ 91 80 4040 2020" |
08060001111 |
| Account Opening Process |
Online/Paperless |
100% online and paperless proc |
| Customer Support Email |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://zerodha.com/varsity/ |
https://fyers.in/school-of-stocks/ |
| Head Office Address |
Zerodha Headquater#153/154 4th Cross Dollars Colony,Opp. Clarence Public School,J.P Nagar 4th Phase,Bangalore – 560078 |
Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar,Bangalore – 560009 |
| Website |
https://zerodha.com/ |
https://fyers.in/ |
|
Zerodha |
Fyers |
| Research Mutual Funds |
No |
No |
| Research Equity Reports |
No |
No |
| Research ETF |
No |
No |
| Daily Market Report |
No |
No |
| Free Tips |
No |
No |
| Quarterly Result Analysis |
No |
No |
| News Alerts |
No |
Yes |
|
Zerodha |
Fyers |
| DP Source |
CDSL |
CDSL |
| DP ID |
81600 |
89400 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 pa |
Free |
| Advance Deposit |
Nil |
Nil |
| Statutory charges |
₹50 |
Nil |
| Transaction Charges on Debit (Per ISIN) |
₹8 + ₹5.50 (CDSL Charges) per transaction |
₹7 + ₹5.50 (CDSL Charges) per transaction |
| Demat |
₹150 per certificate + ₹100 courier charges |
₹0 |
| Remat |
₹150 per certificate + ₹100 courier charges + CDSL Charges |
₹0 |
| Pledge Creation |
₹20 + ₹12 CDSL charges |
Nil |
| Pledge Creation Confirmation |
Nil |
Nil |
| Pledge Closure |
₹20 + ₹12 CDSL charges |
Nil |
| Pledge Closure Confirmation |
Nil |
Nil |
| Pledge Invocation |
₹20 |
Nil |
| Failed Instruction Charges |
₹50 per instraction |
Nil |
| Other Charges |
Nil |
Stamp Charges ₹50, |
|
Zerodha |
Fyers |
| Likes |
Enjoys a credible brand reputation Multiple products: Equity, F&O, IPO, MF, Bonds, G-secs, Cost-effective trading with flat fee and free investment in stocks, IPO, and mutual funds Hassle-free account opening Single margin account to trade in equity and commodity Zero minimum balance required in the Zerodha trading account Technologically advanced trading platforms and tools at no additional cost Add-on features like GTT order, alert trigger order, trade from charts, etc. Margin Trading Facility (MTF) Debt-free company Detail Review… |
Trade on BSE, NSE, and MCX Free IPO and mutual funds investment Rs 20 fixed brokerage on all segments Invest in IPOs, OFS, SGBs, G-secs, and T-bills Cheapest Rs 50/order brokerage on NRI trading User-friendly mobile app and website for investors Fyers Next and Fyers One high-speed trading terminal for traders Fyers Thematic Investing: Invest in expert expert-curated basket of stocks. Start Algo trading Access with Fyers API for free Bracket order, cover order, GTT, AMO, basket order Fyers School of Stocks, a free stock market learning platform. Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc. Detail Review… |
| Dislikes |
Zerodha does not offer trading tips, research and advisory services. Software glitches in kite happen certain times. Zero brokerage unlimited trading plan is not offered. Detail Review… |
No unlimited zero brokerage monthly plans No 3-in-1 account offering No mutual fund investment app Research reports are not offered free Detail Review… |
| Special Offers/Promo |
🎯 Current Promotion Offer from Zerodha for InvestorGain Visitors: 🆓 Free Account Opening 📈 Free Delivery Trading 💹 Max ₹20 per Order Brokerage on Intraday, F&O, Commodities & Currency 💰 Free Direct Mutual Funds & IPO Investment 📱 Kite & Coin – #1 Trading Platform & Mobile App 🚀 Open Instant Zerodha Account |
🔷 Current Promotion Offer from Fyers for InvestorGain Visitors: 🆓 Lifetime “ZERO” Demat AMC Account 🌱 Free Direct Mutual Funds & IPO Investment 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency 🚀 Open Instant Fyers Account Now! |
| Enquiry |
Open Zerodha Account Now |
Open Fyers Account Now |
| Basis of difference |
Zerodha Broking Ltd |
Fyers Securities Pvt Ltd |
| Account opening charges |
Equity Trading Account: Rs. 200 Commodity Trading Account: Rs. 100 Zerodha Demat AMC: Rs. 300 |
Fyers Trading Account: Free Fyers Demat AMC: Rs. 225 for 1st year and Rs. 300 PA from 2nd year onwards |
| Brokerage Charges |
Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment |
Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment |
| Products |
Large portfolio i.e. Equity, derivative, commodity, currency, IPO, direct mutual funds, bonds, etc. |
Limited i.e. Equity, derivative, commodity, currency, online IPO investment, and direct mutual funds but does not offer fixed income products. |
| Trading Platforms |
Zerodha Kite App and Web, Zerodha Coin for Direct MF investment, and Partner platforms: Smallcase, streak, Sensibull, Sentinel, etc. |
Fyers App, Fyers One, Fyers Web, and Fyers Direct MF Investment Platform |
| NRI Trading |
Zerodha offers NRI trading services. |
Fyers doesn’t offer online trading services to NRIs. |
Source record: View original public source ↗
