Bajaj Broking vs FYERS Securities
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Bajaj Broking
VS
FYERS Securities
Bajaj Broking vs FYERS Securities — quick verdict
Choose Bajaj Broking if
You want research and offline support
Bajaj Broking Review 2026 — Explore flexible brokerage plans, research-backed stock ideas, advanced trading tools, MTF, IPOs and multi-asset investing.
Choose FYERS Securities if
You want low-cost, self-directed trading
Built for Those Who Are Born to Trade.
Company overview
Bajaj Broking is a full-service broker incorporated in 2010; FYERS Securities is a discount broker incorporated in 2015.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Type of broker | Full-Service Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX |
| Year of incorporation | 2010 older | 2015 |
| Number of branches | 45+ branches across 40+ locations, accor wider | 98+ |
| Active clients | Approximately 6 lakh as of 31 December 2 larger | 10 Lakh+ |
Charges & AMC
Account-opening and maintenance charges for Bajaj Broking and FYERS Securities compared side by side.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹0 (via plans) | ₹0 |
| DP charges (per ISIN, sell) | ₹30 per ISIN per debit transaction | ₹12.5 + GST per ISIN on sell transactions lower |
Brokerage charges
How Bajaj Broking and FYERS Securities price each trading segment, per executed order.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Equity Delivery | ₹20/order | ₹0 (Free) |
| Equity Intraday | ₹20/order | ₹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 per order | ₹20 or 0.03% per executed order (whichever is lower) |
| Commodity F&O | ₹20 per order | ₹20 or 0.03% per executed order (whichever is lower) |
| Call & Trade | Included / supported | ₹50 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Bajaj Broking and FYERS Securities, per segment.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Equity Delivery | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE ₹173 per Cr (0.00173%) | BSE ₹0 | NSE: 0.00173% |
| Equity Options | NSE ₹3503 per Cr (0.03503%) | BSE ₹325 per Cr (0.00325% on premium) | NSE: 0.03503% (on premium) |
| Currency Futures | NSE ₹35 per Cr (0.00035%) | BSE ₹45 per Cr (0.00045%) | NSE: 0.00035% |
| Currency Options | — | NSE: 0.03110% (on premium) |
| Commodity Futures | — | MCX: 0.00210% |
| Commodity Options | — | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for Bajaj Broking and FYERS Securities — AMC, debit transactions, pledging and remat.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Transaction Charges (Sell) | ₹30 or 0.0002% of transaction value, whichever is higher, plus applicable taxes, as listed for off-market transfers; confirm the applicable delivery DP charge separately | — |
| Annual Maintenance Charges (AMC) | ₹0 under the published standard fee schedule; verify plan-specific conditions | ₹0 |
| Pledge / Unpledge / Closure / Invocation | ₹35 plus applicable taxes | — |
| Physical CMR/DIS | First request free; subsequent requests ₹50 plus ₹100 courier charges and applicable taxes | — |
| Dematerialisation | Official fee schedule lists ₹50 per request plus ₹50 per certificate; verify the current tariff | — |
| Rematerialisation | ₹35 per certificate or per 100 shares, whichever is higher, plus applicable charges | — |
| Failed Transactions | Not verified | Nil |
| 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 Bajaj Broking and FYERS Securities.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Equity Delivery | Generally 100% of the trade value unless an eligible facility applies (1x without borrowing) | 100% of trade value (1x) |
| Equity Intraday | Depends on the stock, risk controls and applicable exchange margin requirements (Not fixed; depends on available margin) | VAR + ELM Margin (Up to 5x*) |
| Equity Futures | Exchange-prescribed SPAN and exposure margin requirements apply (Not fixed) | SPAN + Exposure Margin (As per available margin) |
| Equity Options | Depends on the contract, position and applicable margin requirements (Not fixed) | Premium Value (Not Applicable) |
| Margin Trading Facility (MTF) | Subject to eligible securities, funding limits and the applicable plan (Bajaj Broking advertises up to 4x buying power on eligible stocks; actual limits vary) | 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 Bajaj Broking and FYERS Securities.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| 3-in-1 account | ✓ Yes better | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes better | ✕ No |
| Trading platforms | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. | FYERS Web, FYERS Mobile App, FYERS One |
| Intraday square-off | 3:20 PM | 3:15 PM |
| Other | Margin Trading Facility (MTF) up to 365 days, expert research reports, zero account opening fees. | 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 Bajaj Broking and FYERS Securities.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Trading platforms offered | Bajaj Broking Trading App, Bajaj Broking Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs | FYERS Web, FYERS Mobile App, FYERS One |
| Number of platforms | 4 more choice | 3 |
| Platforms (summary) | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. | FYERS Web, FYERS Mobile App, FYERS One |
| Mobile / desktop apps | Mobile, Web, Desktop / Trading Terminal, API / Integration | Web, Mobile, Desktop |
User ratings
User ratings for Bajaj Broking and FYERS Securities across the key parameters.
| Rated on | Bajaj Broking | FYERS Securities |
|---|---|---|
| Fees | 4.4 | 4.9 better |
| Brokerage | 4.3 | 4.9 better |
| Trading platform | 4.2 | 4.9 better |
| Customer service | 4 | 4.4 better |
| Research | 4.5 better | 4.2 |
| Overall | 4.2 | 4.7 better |
Investment options
Which investment products Bajaj Broking and FYERS Securities let you access.
| Parameter | Bajaj Broking | FYERS 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 Bajaj Broking and FYERS Securities.
| Parameter | Bajaj Broking | FYERS 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 Bajaj Broking and FYERS Securities.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| SEBI registration | INZ000218931 | INZ000166137 |
| NSE member code | 90177 (NSE member ID) | 12768 |
| Year of incorporation | 2010 longer track record | 2015 |
| Net worth | ₹2,037 crore as of December 2025, according to CRISIL Rating stronger | ₹1,348+ Cr |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX |
| Latest complaint ratio | 0.11% | 0.002% fewer complaints |
Complaints record
Exchange complaint data for Bajaj Broking and FYERS Securities — the ratio matters more than the raw count.
| Parameter | Bajaj Broking | FYERS Securities |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 59,995 | 10,87,436 larger base |
| Complaints filed | 67 | — |
| Complaint ratio | 0.11% | 0.002% fewer complaints |
Pros & cons
The main advantages and drawbacks of each broker.
Bajaj Broking
▲ Pros
- ✓ Multiple brokerage plans to suit different trading requirements.
- ✓ ₹10-per-order brokerage advertised for eligible segments under the Professional Pack.
- ✓ Online demat and trading account opening.
- ✓ Access to equity, derivatives, IPOs, mutual funds and bonds.
- ✓ Margin Trading Facility with plan-dependent interest rates.
- ✓ Research-backed stock ideas and market insights.
- ✓ Trading APIs with order-management and market-feed capabilities.
- ✓ Advanced charting, watchlists, screeners and trading tools.
- ✓ Access to investment calculators for brokerage, margin and other financial calculations.
▼ Cons
- ✕ The lowest advertised brokerage requires selecting the applicable paid subscription plan.
- ✕ The Professional Pack has an annual subscription cost.
- ✕ The Freedom Pack's subscription is free for the first year but costs ₹431 annually from the second year.
- ✕ MTF involves interest costs, eligibility requirements and market risk.
- ✕ Brokerage and statutory charges can make the total trading cost higher than the headline per-order fee.
- ✕ Users who rely on API or algorithmic trading may need to understand integration requirements and trading-related risks.
- ✕ Current support response times and service-quality ratings have not been independently verified.
- ✕ Detailed exchange transaction fees should be checked against the current tariff before comparing costs.
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.
Explore more comparisons
Compare Bajaj Broking with
Bajaj Broking vs Zerodha Bajaj Broking vs Groww Bajaj Broking vs Upstox Bajaj Broking vs ICICI Direct Bajaj Broking vs Kotak Neo Bajaj Broking vs HDFC Securities Bajaj Broking vs SBI Securities Bajaj Broking vs Motilal Oswal Bajaj Broking vs Paytm Money Bajaj Broking vs Mirae Asset Sharekhan Bajaj Broking vs Axis Direct Bajaj Broking vs 5paisa Bajaj Broking vs Choice Broking Bajaj Broking vs m.Stock Bajaj Broking vs Sahi Bajaj Broking vs SMC Global Bajaj Broking vs Anand Rathi Bajaj Broking vs Jainam Broking Limited Bajaj Broking vs Angel OneCompare FYERS Securities with
FYERS Securities vs Zerodha FYERS Securities vs Groww FYERS Securities vs Upstox 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 FYERS Securities vs Angel OneDisclaimer: 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.