5paisa vs FYERS Securities

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

5paisa
5paisa
Discount Broker · since 2007
VS
FYERS Securities
Discount Broker · since 2015
FYERS Securities

5paisa vs FYERS Securities — quick verdict

Choose 5paisa if

You want low-cost, self-directed trading

India Ka Favourite Discount Broker

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Company overview

5paisa is a discount broker incorporated in 2007; FYERS Securities is a discount broker incorporated in 2015.

Parameter5paisaFYERS Securities
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2007 older 2015
Number of branches 20+ Branches 98+ wider
Active clients 38 Lakh+ larger 10 Lakh+

Charges & AMC

Account-opening and maintenance charges for 5paisa and FYERS Securities compared side by side.

Parameter5paisaFYERS Securities
Trading a/c opening ₹0 ₹0
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹300 + GST per year ₹0 lower
DP charges (per ISIN, sell) ₹25 per scrip (ISIN) on sell transactions ₹12.5 + GST per ISIN on sell transactions lower

Brokerage charges

How 5paisa and FYERS Securities price each trading segment, per executed order.

Parameter5paisaFYERS Securities
Equity Delivery ₹20 per executed order ₹0 (Free)
Equity Intraday ₹20 per executed order ₹20 or 0.03% per executed order (whichever is lower)
Equity Futures ₹20 per executed order ₹20 or 0.03% per executed order (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order ₹20 or 0.03% per executed order (whichever is lower)
Commodity F&O ₹20 per executed order ₹20 or 0.03% per executed order (whichever is lower)
Call & Trade ₹100 per executed order ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by 5paisa and FYERS Securities, per segment.

Parameter5paisaFYERS Securities
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for 5paisa and FYERS Securities — AMC, debit transactions, pledging and remat.

Parameter5paisaFYERS Securities
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹300 + GST per year ₹0
Debit Transaction Charges ₹25 per scrip (ISIN) on sell transactions ₹12.5 + GST per ISIN on sell transactions
Pledge / Unpledge Charges ₹20 + GST per request ₹12.5 + GST per ISIN
Dematerialisation (Demat) ₹150 per certificate + GST ₹150 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹150 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by 5paisa and FYERS Securities.

Parameter5paisaFYERS Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) VAR + ELM Margin (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) Premium Value (Not Applicable) Premium Value (Not Applicable)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across 5paisa and FYERS Securities.

Parameter5paisaFYERS Securities
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes better ✕ No
Trading platforms 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal FYERS Web, FYERS Mobile App, FYERS One
Intraday square-off 3:15 PM 3:15 PM
Other Algo Trading, API Trading, Option Chain, Basket Orders, Smart Investor, Screeners, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF)

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by 5paisa and FYERS Securities.

Parameter5paisaFYERS Securities
Trading platforms offered 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal FYERS Web, FYERS Mobile App, FYERS One
Number of platforms 3 3
Platforms (summary) 5paisa Web Trade, 5paisa Mobile App, 5paisa Trader Terminal FYERS Web, FYERS Mobile App, FYERS One
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile, Desktop

User ratings

User ratings for 5paisa and FYERS Securities across the key parameters.

Rated on5paisaFYERS Securities
Fees 4.8 4.9 better
Brokerage 4.9 4.9
Trading platform 4.5 4.9 better
Customer service 4.2 4.4 better
Research 4 4.2 better
Overall 4.5 4.7 better

Investment options

Which investment products 5paisa and FYERS Securities let you access.

Parameter5paisaFYERS Securities
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by 5paisa and FYERS Securities.

Parameter5paisaFYERS Securities
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for 5paisa and FYERS Securities.

Parameter5paisaFYERS Securities
SEBI registration INZ000010651 INZ000166137
NSE member code 11104 12768
Year of incorporation 2007 longer track record 2015
Net worth ₹1,201.91 Cr ₹1,348+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002 0.002%

Complaints record

Exchange complaint data for 5paisa and FYERS Securities — the ratio matters more than the raw count.

Parameter5paisaFYERS Securities
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 16,82,541 larger base 10,87,436
Complaints filed 29 —
Complaint ratio 0.002 0.002%

Pros & cons

The main advantages and drawbacks of each broker.

5paisa

▲ Pros

  • ✓ Flat ₹20 brokerage per executed order across segments.
  • ✓ Fully digital and paperless account opening.
  • ✓ Supports stocks, F&O, commodities, mutual funds, IPOs, ETFs, and bonds.
  • ✓ Algo Trading, API integration, and Margin Trading Facility (MTF) available.
  • ✓ Advanced web and mobile trading platforms with powerful charting tools.
  • ✓ Transparent pricing and a wide range of investment products.

▼ Cons

  • ✕ Research and advisory services are limited compared to full-service brokers.
  • ✕ Call & Trade service is chargeable.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Physical branch network is limited.
  • ✕ Customer support response times may vary during peak market hours.
FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
Open 5paisa Account Open FYERS Securities Account

Explore more comparisons

Compare 5paisa with

5paisa vs Zerodha 5paisa vs Angel One 5paisa vs Upstox 5paisa vs Groww 5paisa vs ICICI Direct 5paisa vs Kotak Neo 5paisa vs HDFC Securities 5paisa vs SBI Securities 5paisa vs Motilal Oswal 5paisa vs Paytm Money 5paisa vs Mirae Asset Sharekhan 5paisa vs Axis Direct 5paisa vs Choice Broking 5paisa vs m.Stock 5paisa vs Sahi 5paisa vs SMC Global 5paisa vs Anand Rathi 5paisa vs Jainam Broking Limited

Compare FYERS Securities with

FYERS Securities vs Zerodha FYERS Securities vs Angel One FYERS Securities vs Upstox FYERS Securities vs Groww FYERS Securities vs ICICI Direct FYERS Securities vs Kotak Neo FYERS Securities vs HDFC Securities FYERS Securities vs SBI Securities FYERS Securities vs Motilal Oswal FYERS Securities vs Paytm Money FYERS Securities vs Mirae Asset Sharekhan FYERS Securities vs Axis Direct FYERS Securities vs Choice Broking FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.