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India has seen a rise in investment via stock markets.
More individuals are turning to stocks, commodities, currencies and mutual funds to build wealth and diversify portfolios. Selecting the ideal broker can be challenging with all of the choices on offer in India’s market.
Fyers and Zerodha are popular discount brokers offering competitive pricing, user-friendly interfaces, and features explicitly tailored to traders’ needs.
In this article, we’ll compare Zerodha vs Fyers on various parameters to help you make an informed decision and select your ideal broker.
The parameters I decided to compare Fyers vs Zerodha are:
- Zerodha vs Fyers: Brokerage Plans
- Zerodha vs Fyers: Plan Types
- Zerodha vs Fyers: Customer Service
- Zerodha vs Fyers: Maintenance Fees and AMC
- Zerodha vs Fyers: Trading Platforms
- Zerodha vs Fyers: Mobile App
- Zerodha vs Fyers Margin/Leverage
- Zerodha vs Fyers: Demat Account Opening Process
- Zerodha vs Fyers: Investment Options, Features, and Benefits
Let’s discuss them one by one:
Fyers vs Zerodha: Brokerage Plans
Brokerage plans refer to the fees brokers charge for executing trades on your behalf.
Fyers and Zerodha offer discount brokerage plans, which means they offer lower fees than full-service brokers.
- Fyers offers two brokerage plans- “Fyers Free” and “Fyers One”. The former charges no brokerage for equity delivery trades, while “Fyers One” imposes a charge of Rs. 20 per executed order.
- Zerodha offers a flat rate of Rs 20 for each executed order across all markets and segments – even those offering equity delivery.
🎉Winner ➤ Zerodha offers a flat rate of Rs. 20 per executed order for all segments, whereas Fyers charges zero brokerage only for equity delivery trades. Therefore, Zerodha is the winner in this category.
Fyers vs Zerodha: Plan Types
Both Fyers and Zerodha provide various plans designed to suit the needs of different traders.
- Fyers provides two plans – “Fyers Free” and “Fyers One”- featuring advanced charting, real-time data analytics and research tools.
- Zerodha offers four plans, such as “Kite”, “Coin”, “Varsity”, and “Streak”. Kite is their flagship trading platform; “Coin” serves mutual fund investment needs; Varsity serves educational needs; and ” Streak ” is their algo trading platform.
🎉Winner ➤ Zerodha has more plans that cater to traders with various trade styles compared to Fyers, which only offers two programs, thus making Zerodha the clear winner in this category.
Fyers vs Zerodha: Customer Service
Fyers and Zerodha take customer service very seriously and offer support through multiple email, phone and chat channels.
- Fyers has a dedicated customer support team.
- Zerodha offers 24/7 customer service via phone, email and chat and provides an extensive knowledge base that answers common inquiries on its website.
🎉Winner ➤ Zerodha’s 24/7 customer support, extensive knowledge base and multiple support channels make it the clear winner in this category.
Fyers vs Zerodha: Maintenance Fees and AMC
Maintenance fees and Annual Maintenance Charges (AMCs) are are fees brokers charge for overseeing your trading account and its maintenance.
- Fyers does not charge an AMC in the first year. They charge Rs. 400 as annual AMC fees from year two onwards.
- Zerodha does not charge an AMC in the first year. Rs 300 per annum will be assessed as AMC fees from year two onward.
🎉Winner ➤ The winner in this category is Zerodha, as its AMC costs are lower than Fyers.
Fyers vs Zerodha: Trading Platforms
Trading platforms are software programs traders use to place orders, analyze markets, and conduct trades.
- Fyers offers two trading platforms- “Fyers Web” and “Fyers One”. “Fyers Web” is a browser-based trading platform, while “Fyers One” is a desktop platform offering advanced features such as real-time data, charting and research tools.
- Zerodha offers “Kite”, its flagship trading platform. This browser-based platform features user-friendly navigation, real-time data feeds and advanced charting features – as well as being available as a mobile trading app called “Kite Mobile”.
🎉Winner ➤ Both Fyers and Zerodha provide user-friendly trading platforms with advanced features, making this category difficult to judge as both brokers meet the needs of various traders.
Fyers vs Zerodha: Mobile App
Fyers and Zerodha offer mobile trading apps for Android and iOS devices, making mobile trading increasingly accessible.
- Fyers Markets, Fyers’ mobile application, provides real-time data with advanced charting features in an intuitive, user-friendly format.
- Zerodha’s mobile application, “Kite Mobile”, provides real-time data, advanced charting features and an optimal user experience.
🎉Winner ➤ Fyers Markets and Kite Mobile provide excellent features with user-friendly user experiences, making the outcome in this category challenging. Therefore, both are equally positioned.
Fyers vs Zerodha Margin/Leverage
A margin loan allows traders to execute trades more efficiently. Both Fyers and Zerodha provide margin trading facilities to their clients.
- Fyers offers up to 20 times equity intraday leverage and three times equity delivery.
- Zerodha provides up to 20 times leverage in the equity intraday segment and up to two times in the equity delivery segment.
🎉Winner ➤ Fyers and Zerodha offer similar margin/leverage facilities for their clients, so the winner of this category remains tied.
Fyers vs Zerodha: Demat Account Opening Process
Fyers & Zerodha offer simple and user-friendly processes for opening Demat accounts to store securities such as stocks, bonds and mutual funds.
- Fyers offers paperless account opening with Aadhaar and PAN cards in 15 minutes or less. The process can be completed entirely online!
- Zerodha offers online account opening with an Aadhaar card and PAN card, an utterly paperless account opening process that can be completed in 15 minutes.
🎉Winner ➤ Fyers and Zerodha provide simple Demat account opening processes, so this category cannot be decided definitively.
Fyers vs Zerodha: Investment Options, Features, and Benefits
Fyers and Zerodha offer various investment solutions such as equity investments, mutual funds, commodities trading and currencies trading.
- Fyers offers real-time data, advanced charting features and research tools for all sectors. In addition, Fyers also provides various educational resources like webinars, tutorials and trading strategies for its customers.
- Zerodha provides real-time data, advanced charting features and research tools across all segments. Their platforms include “Coin”, their mutual fund investment platform; “Varsity”, their educational platform; and “Streak”, their algo trading platform.
🎉Winner ➤ Fyers and Zerodha offer various investment products with advanced features and benefits, so this category remains tied.
Fyers vs Zerodha: Table of Comparison
|Brokerage Plans||Fixed brokerage plans starting at Rs. 20/trade||Discount brokerage plans starting at Rs. 20/trade|
|Plan Types||Two plans – “Fyers Basic” and “Fyers Thematic”||One plan – “Zerodha”|
|Customer Service||Offers email, phone, and chat support||Offers email, phone, and chat support|
|Maintenance Fees||No maintenance fees||No maintenance fees|
|AMC||Rs. 400 per year for trading account||Rs. 300 per year for trading account|
|Trading Platforms||Fyers One (desktop-based) and Fyers Markets (app)||Kite (web-based) and Zerodha Pi (desktop-based)|
|Mobile App||Fyers Markets||Kite|
|Margin/Leverage||Up to 20 times leverage in equity intraday segment and up to 3 times leverage in equity delivery segment||Up to 20 times leverage in equity intraday segment and up to 2 times leverage in equity delivery segment|
|Demat Account Opening||Online account opening with Aadhaar card and PAN card||Online account opening with Aadhaar card and PAN card|
|Investment Options||Equity, mutual funds, commodities, and currencies||Equity, mutual funds, commodities, and currencies|
|Features and Benefits||Real-time data, research tools, and advanced desktop-based platform||Advanced order types, charting tools, and backtesting features|
Frequently Asked Questions (FAQs) about Fyers vs Zerodha
Wrap Up on Fyers vs Zerodha
Fyers and Zerodha are both reliable brokers in the Indian stock market.
Both offer competitive pricing, advanced features, and a user-friendly experience.
Zerodha has the edge over Fyers regarding brokerage plans, customer service and AMC fees; however, Fyers boasts more advanced features such as real-time data feeds, research tools and a desktop-based platform tailored towards active traders.
Therefore, determining between Fyers and Zerodha depends on an individual trader’s needs and preferences.
Both brokers have strengths and weaknesses; traders should carefully weigh all options before selecting one as their broker.
Overall, Fyers and Zerodha offer traders reliable options in India’s stock market.
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