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Sharekhan Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of Fyers ranges between Rs 20. Sharekhan is a Full Service Broker where Fyers is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Sharekhan is 6,64,853 where number of active customer for Fyers is 2,22,798. Sharekhan is serving more customer compare to Fyers.

Here we present side-by-side comparison of Sharekhan vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Sharekhan vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs Fyers's on

• Brokerage plans
• Plan types
• Customer Service
• Maintenance fees
• AMC
• Trading Platforms
• Rating
• Reviews
• Mobile App
• Margin/Leverage/Exposure
• Demat Account
• Investment Options
• And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Sharekhan vs Fyers on Service

	Sharekhan	Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX
Active Clients	6,64,853	2,22,798
Broker Overview	Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation...	Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...
Broker Enquiry

Account Opening Charges and AMC

Compare Sharekhan vs Fyers on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Fyers

Charges	Sharekhan	Fyers
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 400 PA (Free for 1st year))	Free
Provide DP Service

About Brokerage Plans

Compare Sharekhan vs Fyers on Plan Options

Plans are the most important feature you look when compare Sharekhan with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Fyers doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Fyers on Plan Options

Plan Types	Sharekhan	Fyers
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Sharekhan vs Fyers on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Share Broker's Transaction Charges

Compare Sharekhan vs Fyers on Transaction Charges

Compare Sharekhan with Fyers on transaction charges and PCM fee by segment.

Account Features

Compare Sharekhan vs Fyers on Account Features

Compare Sharekhan with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Sharekhan offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - Sharekhan offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Sharekhan with Fyers

Account Features Compare	Sharekhan	Fyers
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15 PM
NRI Trading
Other Features	NIL	Fyers 30 Day Challenge

Trading Platform

Compare Sharekhan vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with Fyers

Trading Platform Compare	Sharekhan	Fyers
Desktop Trading Platform	TradeTiger	Fyers One
Desktop Demo	Desktop Demo	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://www.sharekhan.com/	Fyers Web
Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	Sharekhan	Fyers 2.0 Mobile App
Mobile Trading App Demo	Sharekhan Demo	Fyers 2.0 Mobile App Demo
Android Mobile App
Android App Download	Andriod Sharekhan Download	Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS)
iOS App Download	iOS Sharekhan Download	iOS Fyers 2.0 Mobile App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Sharekhan	Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator	Futures Brokerage Calculator for Sharekhan	Futures Brokerage Calculator for Fyers
Options Brokerage Calculator	Options Brokerage Calculator for Sharekhan	Options Brokerage Calculator for Fyers
Detail	Detail on Trading Platforms for sharekhan	Detail on Trading Platforms for fyers

Broker Ratings by Users

Compare Sharekhan vs Fyers on User Rating

	Sharekhan	Fyers
	184 Customer Reviews	10 Customer Reviews
Fees Ratings	3.2	3.5
Trading Brokerage Rating	3.1	3.6
Trading Platform Usability	3.9	3.6
Customer Service Ratings	3.5	3.4
Overall Ratings	3.6	3.2
Broker Rating	Sharekhan is Rated 3.6 / 5 based on 184 customer reviews	Fyers is Rated 3.2 / 5 based on 10 customer reviews

Investment Offerings

Compare Sharekhan vs Fyers on Investment Offerings

Compare Sharekhan with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Sharekhan provide PMS Service where Fyers doesn't offer

Investment Offerings - Compare Sharekhan with Fyers

Investment Offerings Compare	Sharekhan	Fyers
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare Sharekhan vs Fyers on Order Types

Order Type - Compare Sharekhan with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Sharekhan with Fyers

Order Type Compare	Sharekhan	Fyers
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Sharekhan vs Fyers on Customer Service

Compare Sharekhan with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Sharekhan with Fyers

Customer Service Compare	Sharekhan	Fyers
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1800227500	08060001111
Account Opening Process	Offline	100% online and paperless proc
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://www.sharekhan.com/help/hello	https://fyers.in/school-of-stocks/
Head Office Address	Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH- 400042	Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009
Website	https://www.sharekhan.com	https://fyers.in/

Tips/Research/Reports Published

Compare Sharekhan vs Fyers on Research Reports, Tips

Compare Sharekhan with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Sharekhan with Fyers

	Sharekhan	Fyers
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Sharekhan vs Fyers on Demat Account

Compare Sharekhan with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Sharekhan is ₹500 pa. Fyers is a better choice in terms of Demat AMC compare to Sharekhan.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with Fyers

	Sharekhan	Fyers
DP Source	CDSL	CDSL
DP ID	36000	432-2019
Demat Account Annual Maintenance Charges(AMC)	₹500 pa	Free
Advance Deposit	Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)	Nil
Statutory charges	Actual Stamp Paper Charges	Nil
Transaction Charges on Debit (Per ISIN)	0.03% (Min ₹30) + ₹5.50 (CDSL Charges)	₹7 + ₹5.50 (CDSL Charges) per transaction
Demat	₹5 per certificate (Min 50 per request)	₹0
Remat	₹50 per certificate or ₹50 for every hundred securities	₹0
Pledge Creation	0.03% (Min ₹100)	Nil
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	Nil	Nil
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	Nil	Nil
Failed Instruction Charges	Nil	Nil
Other Charges	Freeze/De-freeze - ₹25 per transaction Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100) Client Master changes ₹30 per request	Stamp Charges ₹50,

Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Fyers on Special Offers and Promotion

Compare Sharekhan with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Fyers on Special Offers and Promotion

	Sharekhan	Fyers
Pay In and Pay Out Options	Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform. Pay-out/Fund Withdrawal - Bank Transfer only	Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Max 24 hrs except bank holidays	Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges	Info Not Available	24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail	Sharekhan Limited Account No.:9035<> SK21<> Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001	Fyers Securities, Account Number:00090340002376 Bank and Branch: HDFC Bank,Kasturba Road, Bangalore Account Type: Current Account IFSC Code: HDFC0000009
Likes	Free account opening facility at zero fees. Multiple brokerage plans for traders and investors. In-house easy-to-use modern-technology web, app, and terminal-based trading platforms. Free mutual fund investment at Rs. 0 brokerage. Sharekhan NEO, a mutual fund Robo-advisory platform. Intraday trading tips, recommendations, and stock market research & advisory Invest in the basket of stocks (portfolio) and get timely recommendations. Margin trading facility, portfolio management services, and loan against securities. Free call and trade facility to customers. Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order. Free learning resources (Sharekhan classroom, articles & blogs) for stock market education. A dedicated team of 7500+ relationship managers. Detail Review...	Trade on BSE, NSE, and MCX Free stocks and mutual funds investment Rs 20 fixed brokerage on all segments Invest in IPOs, OFS, SGBs, G-secs, and T-bills Cheapest Rs 50/order brokerage on NRI trading User-friendly mobile app and website for investors Fyers Next and Fyers One high-speed trading terminal for traders Fyers Thematic Investing: Invest in expert curated basket of stocks. Start Algo trading Access with Fyers API for free Bracket order, cover order, GTT, AMO, basket order Fyers School of Stocks, a free stock market learning platform. Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc. Detail Review...
Dislikes	It doesn’t allow opening a 3-in-1 account. High brokerage charge is the biggest drawback to trading with Sharekhan. Does not offer Direct mutual fund. Detail Review...	No unlimited zero brokerage monthly plans No 3-in-1 account offering No mutual fund investment app Research reports are not offered free Detail Review...
Special Offers/Promo
Enquiry	Open Sharekhan Account Now>>	Open Fyers Account Now>>