Angel One vs FYERS Securities

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

Angel One
Angel One
Full-service Broker · since 1987
VS
FYERS Securities
Discount Broker · since 2015
FYERS Securities

Angel One vs FYERS Securities — quick verdict

Choose Angel One if

You want research and offline support

A full-service broker offering flat ₹20 discount-style pricing, in-house research and one of India's largest branch networks.

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Company overview

Angel One is a full-service broker incorporated in 1987; FYERS Securities is a discount broker incorporated in 2015.

ParameterAngel OneFYERS Securities
Type of broker Full-service Broker Discount Broker
Exchange membership BSE · NSE · MCX · NCDEX NSE · BSE · MCX
Year of incorporation 1987 older 2015
Number of branches 900 wider 98+
Active clients 66,84,223 larger 10 Lakh+

Charges & AMC

Account-opening and maintenance charges for Angel One and FYERS Securities compared side by side.

ParameterAngel OneFYERS Securities
Trading a/c opening ₹0 (Free) ₹0
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹240 ₹0 lower
DP charges (per ISIN, sell) ₹20 per debit ₹12.5 + GST per ISIN on sell transactions lower

Brokerage charges

How Angel One and FYERS Securities price each trading segment, per executed order.

ParameterAngel OneFYERS Securities
Equity Delivery ₹20 or 0.1% (lower) ₹0 (Free)
Equity Intraday ₹20 or 0.1% (lower) ₹20 or 0.03% per executed order (whichever is lower)
Equity Futures ₹20 / order ₹20 or 0.03% per executed order (whichever is lower)
Equity Options ₹20 / order ₹20 per executed order
Currency F&O ₹20 / order ₹20 or 0.03% per executed order (whichever is lower)
Commodity F&O ₹20 / order ₹20 or 0.03% per executed order (whichever is lower)
Call & Trade +₹20/order ₹50 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Angel One and FYERS Securities, per segment.

ParameterAngel OneFYERS Securities
Equity Intraday NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE: 0.00297% • BSE: 0.00375%
Equity Delivery NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 NSE: 0.00173%
Equity Options NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) NSE: 0.03503% (on premium)
Currency Future NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) NSE: 0.00035%
Currency Option NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE: 0.03110% (on premium)
Commodity Futures — MCX: 0.00210%
Commodity Options — MCX: 0.04180% (on premium)

Demat & DP charges

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

ParameterAngel OneFYERS Securities
Demat Account Opening Charges Rs 0 (Free) —
Transaction Charges (Buy) Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Annual Maintenance Charges (AMC) Rs 240 per year (Rs 20 per month) ₹0
Demat + Courier charges Rs 50 per certificate —
Remat Rs 50 per certificate —
Pledge Creation Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Pledge Creation Confirmation Nil —
Pledge Invocation Rs 20 per ISIN —
Failed Transactions Nil Nil
Other Charges Rs 50 per request for additional DIS —
Demat Account Opening — ₹0
Debit Transaction Charges — ₹12.5 + GST per ISIN on sell transactions
Pledge / Unpledge Charges — ₹12.5 + GST per ISIN
Dematerialisation (Demat) — ₹150 per certificate + GST
Rematerialisation (Remat) — ₹150 per certificate + GST

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Angel One and FYERS Securities.

ParameterAngel OneFYERS Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday Up to 20% of trade value (Up to 5x) VAR + ELM Margin (Up to 5x*)
F&O (Eq/Curr/Comm) 100% NRML (Span + Exposure) (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Currency Futures & Options — SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options — SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across Angel One and FYERS Securities.

ParameterAngel OneFYERS Securities
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✕ No
Trading platforms Super App, Web, Angel SpeedPro FYERS Web, FYERS Mobile App, FYERS One
Intraday square-off 3:15 PM 3:15 PM
Other Daily/weekly research reports 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 Angel One and FYERS Securities.

ParameterAngel OneFYERS Securities
Trading platforms offered Angel One Super App, Angel One Trade, Angel SpeedPro FYERS Web, FYERS Mobile App, FYERS One
Number of platforms 3 3
Platforms (summary) Super App, Web, Angel SpeedPro FYERS Web, FYERS Mobile App, FYERS One
Mobile / desktop apps Mobile, Web, Desktop Web, Mobile, Desktop

User ratings

User ratings for Angel One and FYERS Securities across the key parameters.

Rated onAngel OneFYERS Securities
Fees 3 4.9 better
Brokerage 3 4.9 better
Trading platform 3 4.9 better
Customer service 2.5 4.4 better
Research 2.7 4.2 better
Overall 3.9 4.7 better

Investment options

Which investment products Angel One and FYERS Securities let you access.

ParameterAngel OneFYERS 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 Angel One and FYERS Securities.

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

Safety & credibility

SEBI registration, financial strength and complaint record for Angel One and FYERS Securities.

ParameterAngel OneFYERS Securities
SEBI registration INZ000161534 INZ000166137
NSE member code 12798 12768
Year of incorporation 1987 longer track record 2015
Net worth ₹4,620.22 Cr stronger ₹1,348+ Cr
Exchange memberships BSE · NSE · MCX · NCDEX NSE · BSE · MCX
Latest complaint ratio 0.016% 0.002% fewer complaints

Complaints record

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

ParameterAngel OneFYERS Securities
Latest financial year 2025-26 2025–26
Exchange NSE NSE
Active clients 67,45,594 larger base 10,87,436
Complaints filed 1,070 —
Complaint ratio 0.016% 0.002% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

Angel One

▲ Pros

  • ✓ Full-service research at flat ₹20 discount-style pricing.
  • ✓ Flat fee across segments & exchanges.
  • ✓ Free research, advisory and trading tips.
  • ✓ Margin trading & securities as collateral available.
  • ✓ No charge for NEFT / fund transfers.
  • ✓ Local sub-broker / RM support.

▼ Cons

  • ✕ Margin funding can be applied without notice.
  • ✕ No trading in SME shares.
  • ✕ Sales team may cross-sell other products.
  • ✕ GTC / GTT order facility not available.
  • ✕ Does not offer a 3-in-1 account.
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 Angel One Account Open FYERS Securities Account

Explore more comparisons

Compare Angel One with

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

Compare FYERS Securities with

FYERS Securities vs Zerodha 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 5paisa 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.