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HDFC Sky 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 HDFC Sky Max Rs 20 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,88,561 where number of active customer for Fyers is 2,19,169. HDFC Sky is serving more customer compare to Fyers.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Fyers on Service

  HDFC Sky Compare
HDFC Sky
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX
Active Clients 10,88,561 2,19,169
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare HDFC Sky vs Fyers on Trading & Demat Account Opening Charges

Comparison of HDFC Sky 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 HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Fyers
Charges HDFC Sky Fyers
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Fyers on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare HDFC Sky with Fyers on Plan Options
Plan Types HDFC Sky Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Fyers on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

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

Brokerage Charges - Compare HDFC Sky with Fyers
Brokerage Charges Compare HDFC Sky Fyers
Plan Name Fixed pricing model Max Rs 20 Per Order Trading Plan
Equity Delivery 0.1% or Rs 20 whichever is lower Free
Equity Intraday 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 12% interest PA No
Call & Trade Charges Rs 20 per call Rs 50 Per Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare HDFC Sky vs Fyers on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Fyers
Transaction Charges Compare HDFC Sky Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for fyers
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Account Features

Compare HDFC Sky vs Fyers on Account Features

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

Account Features - HDFC Sky with Fyers
Account Features Compare HDFC Sky Fyers
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare HDFC Sky vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with Fyers
Trading Platform Compare HDFC Sky Fyers
Desktop Trading Platform HDFC Sky Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Fyers 2.0 Mobile App
Mobile Trading App Demo HDFC Sky App Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare HDFC Sky vs Fyers on User Rating

  HDFC Sky Fyers
  97 Customer Reviews    Rate HDFC Sky 10 Customer Reviews    Rate Fyers
Fees Ratings 2.4 3.5
Trading Brokerage Rating 2.1 3.6
Trading Platform Usability 2.9 3.6
Customer Service Ratings 2.8 3.4
Overall Ratings 2.4 3.2
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare HDFC Sky vs Fyers on Investment Offerings

Compare HDFC Sky 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) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with Fyers
Investment Offerings Compare HDFC Sky Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Fyers on Order Types

Order Type - Compare HDFC Sky 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)- Fyers offers After market orders where HDFC Sky doesn't offers AMO. 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 HDFC Sky with Fyers
Order Type Compare HDFC Sky Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs Fyers on Customer Service

Compare HDFC Sky 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 HDFC Sky with Fyers
Customer Service Compare HDFC Sky Fyers
24/7 Customer Service HDFC Sky vs Fyers - 24x7 customer support No No
Email Support HDFC Sky vs Fyers - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Fyers - Onine Live Chat No No
Phone Support HDFC Sky vs Fyers - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Fyers - Toll Free Number No No
Through Branches HDFC Sky vs Fyers - Through Branches Yes No
Customer Care Number HDFC Sky vs Fyers - Customer Care Number 1800 121 2109 08060001111
Account Opening Process HDFC Sky vs Fyers - Account Opening Process Online 100% online and paperless proc
Customer Support Email HDFC Sky vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Fyers - Knowledge Center/Education https://hdfcsky.com/learn https://fyers.in/school-of-stocks/
Head Office Address HDFC Sky vs Fyers - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website HDFC Sky vs Fyers - Company Website https://hdfcsky.com/ https://fyers.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs Fyers on Research Reports, Tips

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

Research Reports - Compare HDFC Sky with Fyers
  HDFC Sky Fyers
Research Mutual Funds HDFC Sky vs Fyers - Research Mutual Funds Yes No
Research Equity Reports HDFC Sky vs Fyers - Research Equity Reports Yes No
Research ETF HDFC Sky vs Fyers - Research ETF Yes No
Daily Market Report HDFC Sky vs Fyers - Daily Market Report Yes No
Free Tips HDFC Sky vs Fyers - Free Tips Yes No
Quarterly Result Analysis HDFC Sky vs Fyers - Quarterly Results Yes No
News Alerts HDFC Sky vs Fyers - Yes Yes
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Demat Account

Compare HDFC Sky vs Fyers on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 pa. Fyers is a better choice in terms of Demat AMC compare to HDFC Sky.

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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky with Fyers
  HDFC Sky Fyers
DP Source CDSL CDSL
DP ID HDFC Sky vs Fyers - DP ID CDSL: 1209 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Free
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹35 request charges ₹0
Remat ₹30 ₹0
Pledge Creation Nil Nil
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil Nil
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Fyers on Special Offers and Promotion

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

Compare HDFC Sky vs Fyers on Special Offers and Promotion
  HDFC Sky Fyers
Pay In and Pay Out Options HDFC Sky vs Fyers - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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 HDFC Sky vs Fyers - Payout Time Instant to HDFC Bank. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges HDFC Sky vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Direct from your HDFC bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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 Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00