Choice Broking vs FYERS Securities
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Choice Broking
VS
FYERS Securities
Choice Broking vs FYERS Securities — quick verdict
Choose Choice Broking if
You want low-cost, self-directed trading
Trade Smart. Invest Better.
Choose FYERS Securities if
You want low-cost, self-directed trading
Built for Those Who Are Born to Trade.
Company overview
Choice Broking is a discount broker incorporated in 2010; FYERS Securities is a discount broker incorporated in 2015.
| Parameter | Choice Broking | FYERS Securities |
|---|---|---|
| Type of broker | Discount Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX |
| Year of incorporation | 2010 older | 2015 |
| Number of branches | 150+ wider | 98+ |
| Active clients | 8 Lakh+ | 10 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for Choice Broking and FYERS Securities compared side by side.
| Parameter | Choice 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 (1st Year), ₹450 + GST per year thereafter | ₹0 lower |
| DP charges (per ISIN, sell) | ₹15.93 per debit transaction (including GST) | ₹12.5 + GST per ISIN on sell transactions lower |
Brokerage charges
How Choice Broking and FYERS Securities price each trading segment, per executed order.
| Parameter | Choice Broking | FYERS 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 | ₹20 per executed order | ₹50 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Choice Broking and FYERS Securities, per segment.
| Parameter | Choice Broking | FYERS 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 Choice Broking and FYERS Securities — AMC, debit transactions, pledging and remat.
| Parameter | Choice Broking | FYERS Securities |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (1st Year), ₹450 + GST per year thereafter | ₹0 |
| Debit Transaction Charges | ₹15.93 per debit transaction (including GST) | ₹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 Choice Broking and FYERS Securities.
| Parameter | Choice Broking | FYERS 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 Choice Broking and FYERS Securities.
| Parameter | Choice Broking | FYERS 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 | Choice FinX Web, Choice FinX Mobile App, Choice Edge | FYERS Web, FYERS Mobile App, FYERS One |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Option Chain, Advanced Charting, Basket Orders, Screeners, API Trading, Algo Trading Support, 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 Choice Broking and FYERS Securities.
| Parameter | Choice Broking | FYERS Securities |
|---|---|---|
| Trading platforms offered | Choice FinX Web, Choice FinX Mobile App, Choice Edge | FYERS Web, FYERS Mobile App, FYERS One |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Choice FinX Web, Choice FinX Mobile App, Choice Edge | FYERS Web, FYERS Mobile App, FYERS One |
| Mobile / desktop apps | Web, Mobile, Desktop | Web, Mobile, Desktop |
User ratings
User ratings for Choice Broking and FYERS Securities across the key parameters.
| Rated on | Choice Broking | FYERS Securities |
|---|---|---|
| Fees | 4.5 | 4.9 better |
| Brokerage | 4.6 | 4.9 better |
| Trading platform | 4.3 | 4.9 better |
| Customer service | 4.2 | 4.4 better |
| Research | 4 | 4.2 better |
| Overall | 4.3 | 4.7 better |
Investment options
Which investment products Choice Broking and FYERS Securities let you access.
| Parameter | Choice 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 Choice Broking and FYERS Securities.
| Parameter | Choice 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 Choice Broking and FYERS Securities.
| Parameter | Choice Broking | FYERS Securities |
|---|---|---|
| SEBI registration | INZ000160131 | INZ000166137 |
| NSE member code | 90192 | 12768 |
| Year of incorporation | 2010 longer track record | 2015 |
| Net worth | ₹1,087.56 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 Choice Broking and FYERS Securities — the ratio matters more than the raw count.
| Parameter | Choice Broking | FYERS Securities |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 8,42,615 | 10,87,436 larger base |
| Complaints filed | 18 | — |
| Complaint ratio | 0.002% | 0.002% |
Pros & cons
The main advantages and drawbacks of each broker.
Choice Broking
▲ Pros
- ✓ Competitive flat brokerage plans.
- ✓ Fully digital and paperless account opening.
- ✓ Supports stocks, F&O, commodities, currencies, mutual funds, IPOs, ETFs, and bonds.
- ✓ Margin Trading Facility (MTF) available.
- ✓ Advanced web and mobile trading platforms with technical analysis tools.
- ✓ Backed by Choice International Limited.
▼ Cons
- ✕ Annual Demat AMC is applicable after the introductory period.
- ✕ Research coverage is comparatively smaller than some leading full-service brokers.
- ✕ Call & Trade charges apply.
- ✕ Physical branch network is smaller than large bank-backed brokers.
- ✕ Premium advisory services may be available only under selected plans.
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 Choice Broking with
Choice Broking vs Zerodha Choice Broking vs Angel One Choice Broking vs Upstox Choice Broking vs Groww Choice Broking vs ICICI Direct Choice Broking vs Kotak Neo Choice Broking vs HDFC Securities Choice Broking vs SBI Securities Choice Broking vs Motilal Oswal Choice Broking vs Paytm Money Choice Broking vs Mirae Asset Sharekhan Choice Broking vs Axis Direct Choice Broking vs 5paisa Choice Broking vs m.Stock Choice Broking vs Sahi Choice Broking vs SMC Global Choice Broking vs Anand Rathi Choice Broking vs Jainam Broking LimitedCompare 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 5paisa FYERS Securities vs m.Stock FYERS Securities vs Sahi FYERS Securities vs SMC Global FYERS Securities vs Anand Rathi FYERS Securities vs Jainam Broking LimitedDisclaimer: 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.