FYERS Securities vs Mirae Asset Sharekhan

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

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
Mirae Asset Sharekhan
Full-Service Broker · since 2000
Mirae Asset Sharekhan

FYERS Securities vs Mirae Asset Sharekhan — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose Mirae Asset Sharekhan if

You want research and offline support

Get the power of experience on your side.

Company overview

FYERS Securities is a discount broker incorporated in 2015; Mirae Asset Sharekhan is a full-service broker incorporated in 2000.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX · NCDEX
Year of incorporation 2015 2000 older
Number of branches 98+ 900+ wider
Active clients 10 Lakh+ 32 Lakh+ larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and Mirae Asset Sharekhan compared side by side.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 lower ₹0 (1st Year), then ₹400 + GST per year
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹25 per debit transaction + GST

Brokerage charges

How FYERS Securities and Mirae Asset Sharekhan price each trading segment, per executed order.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Equity Delivery ₹0 (Free) 0.30%
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) 0.02%
Call & Trade ₹50 per executed order ₹0

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and Mirae Asset Sharekhan, per segment.

ParameterFYERS SecuritiesMirae Asset Sharekhan
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 FYERS Securities and Mirae Asset Sharekhan — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹0 ₹0 (1st Year), then ₹400 + GST per year
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions ₹25 per debit transaction + GST
Pledge / Unpledge Charges ₹12.5 + GST per ISIN ₹30 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹50 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹50 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and Mirae Asset Sharekhan.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Equity Delivery 100% of trade value (1x) Up to 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin rules (Up to 5x (eligible stocks))
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) Premium + SPAN (for option writing) (As per exchange norms)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per exchange norms)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per exchange norms)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across FYERS Securities and Mirae Asset Sharekhan.

ParameterFYERS SecuritiesMirae Asset Sharekhan
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by FYERS Securities and Mirae Asset Sharekhan.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Number of platforms 3 3
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Mobile / desktop apps Web, Mobile, Desktop Mobile, Web, Desktop

User ratings

User ratings for FYERS Securities and Mirae Asset Sharekhan across the key parameters.

Rated onFYERS SecuritiesMirae Asset Sharekhan
Fees 4.9 better 4.2
Brokerage 4.9 better 4.1
Trading platform 4.9 better 4.7
Customer service 4.4 4.5 better
Research 4.2 4.9 better
Overall 4.7 better 4.5

Investment options

Which investment products FYERS Securities and Mirae Asset Sharekhan let you access.

ParameterFYERS SecuritiesMirae Asset Sharekhan
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 FYERS Securities and Mirae Asset Sharekhan.

ParameterFYERS SecuritiesMirae Asset Sharekhan
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 FYERS Securities and Mirae Asset Sharekhan.

ParameterFYERS SecuritiesMirae Asset Sharekhan
SEBI registration INZ000166137 INZ000174330
NSE member code 12768 10313
Year of incorporation 2015 2000 longer track record
Net worth ₹1,348+ Cr ₹8,615+ Cr* stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX · NCDEX
Latest complaint ratio 0.002% fewer complaints 0.033%

Complaints record

Exchange complaint data for FYERS Securities and Mirae Asset Sharekhan — the ratio matters more than the raw count.

ParameterFYERS SecuritiesMirae Asset Sharekhan
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 10,87,436 31,20,000+ larger base
Complaints filed — 1,020
Complaint ratio 0.002% fewer complaints 0.033%

Pros & cons

The main advantages and drawbacks of each broker.

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.
Mirae Asset Sharekhan

▲ Pros

  • ✓ Backed by the globally recognized Mirae Asset Financial Group.
  • ✓ Comprehensive research reports and investment recommendations.
  • ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
  • ✓ Advanced trading platforms for web, desktop, and mobile users.
  • ✓ Large nationwide network of branches and relationship managers.
  • ✓ Margin Trading Facility (MTF) available for eligible stocks.
  • ✓ Strong educational resources, webinars, and investor learning programs.
  • ✓ Reliable customer support through branches, phone, email, and chat.
  • ✓ Suitable for both beginners and long-term investors.
  • ✓ Offers integrated wealth management and portfolio advisory services.

▼ Cons

  • ✕ Brokerage charges are higher than most discount brokers.
  • ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
  • ✕ Account opening process may take longer than fully digital discount brokers.
  • ✕ Premium research and advisory services may involve additional charges.
  • ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
  • ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
  • ✕ Fewer free investment tools compared to some newer fintech brokers.
  • ✕ Some premium features are available only under higher-value plans or subscriptions.
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Compare Mirae Asset Sharekhan with

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