FYERS Securities vs Zerodha

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
Zerodha
Discount Broker · since 2010
Zerodha

FYERS Securities vs Zerodha — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose Zerodha if

You want low-cost, self-directed trading

India's largest discount broker — ₹0 equity delivery, flat ₹20 intraday/F&O and the clean, reliable Kite platform.

Company overview

FYERS Securities is a discount broker incorporated in 2015; Zerodha is a discount broker incorporated in 2010.

ParameterFYERS SecuritiesZerodha
Type of broker Discount Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 2010 older
Number of branches 98+ wider 0
Active clients 10 Lakh+ ~1.6 crore larger

Charges & AMC

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

ParameterFYERS SecuritiesZerodha
Trading a/c opening ₹0 ₹200 (Online)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹0 lower ₹300
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹13.5 + GST per debit

Brokerage charges

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

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

Transaction charges (exchange turnover)

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

ParameterFYERS SecuritiesZerodha
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%)
Equity Futures NSE: 0.00173% NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE: 0.03503% (on premium) NSE Rs 3503 per Cr (0.03503%) | BSE Rs 275 per Cr (on premium)
Currency Futures NSE: 0.00035% NSE Rs 90 per Cr (0.0009%) | BSE Rs 45 per Cr
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 FYERS Securities and Zerodha — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesZerodha
Demat Account Opening ₹0 —
Annual Maintenance Charges (AMC) ₹0 Rs 300 + GST per year (Rs 75 + GST per quarter)
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 —
Failed Transactions Nil Nil
Demat Account Opening Charges — Rs 0 (Free)
Transaction Charges (Sell) — Rs 13.5 + GST per scrip (per day)
Pledge Creation / Invocation — Rs 30 + GST per request
Remat — Rs 150 + GST per certificate + CDSL charges

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and Zerodha.

ParameterFYERS SecuritiesZerodha
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) Up to 20% of trade value (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) 100% NRML (Span + Exposure) (1x)
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 FYERS Securities and Zerodha.

ParameterFYERS SecuritiesZerodha
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes better ✕ No
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One Kite, Console, Coin, Kite Connect
Intraday square-off 3:15 PM 3:20 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) GTT orders, Coin (free direct mutual funds), Varsity education. No MTF, Bracket or Cover orders.

Trading platforms & apps

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

ParameterFYERS SecuritiesZerodha
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One Kite, Console, Coin
Number of platforms 3 3
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One Kite, Console, Coin, Kite Connect
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Web, Mobile

User ratings

User ratings for FYERS Securities and Zerodha across the key parameters.

Rated onFYERS SecuritiesZerodha
Fees 4.9 better 4.5
Brokerage 4.9 better 4.6
Trading platform 4.9 better 4.6
Customer service 4.4 better 3.8
Research 4.2 better 3.6
Overall 4.7 better 4.5

Investment options

Which investment products FYERS Securities and Zerodha let you access.

ParameterFYERS SecuritiesZerodha
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 Zerodha.

ParameterFYERS SecuritiesZerodha
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 Zerodha.

ParameterFYERS SecuritiesZerodha
SEBI registration INZ000166137 INZ000031633
NSE member code 12768 13179
Year of incorporation 2015 2010 longer track record
Net worth ₹1,348+ Cr ₹13,000+ Cr stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002% fewer complaints 0.030%

Complaints record

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

ParameterFYERS SecuritiesZerodha
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 10,87,436 80,12,000 larger base
Complaints filed — 2,400
Complaint ratio 0.002% fewer complaints 0.030%

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.
Zerodha

▲ Pros

  • ✓ Free (₹0) equity delivery investing.
  • ✓ Clean, fast and reliable Kite web & mobile platform.
  • ✓ GTT (Good Till Triggered) orders and Coin for free direct mutual funds.
  • ✓ Strong educational content through Varsity.
  • ✓ India's largest retail broker — bootstrapped, profitable and debt-free.
  • ✓ Transparent flat pricing with no hidden charges.

▼ Cons

  • ✕ No MTF / margin funding (pay-later) facility.
  • ✕ No 3-in-1 account and no Bracket or Cover orders.
  • ✕ No in-house stock research, tips or relationship manager.
  • ✕ Support is largely ticket-based; no branch network.
  • ✕ ₹200 account opening charge and ₹50 Call & Trade fee.
  • ✕ Occasional load on the platform during high-volatility sessions.
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Explore more comparisons

Compare FYERS Securities with

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 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

Compare Zerodha with

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