Is Fyers better than Zerodha?

Zerodha is the well-known broker in the discount broking space and Fyers is relatively a new broker in the industry, still growing at a faster pace due to continue product portfolio expansion and cheapest brokerage model. Let’s find out the detailed comparison between Zerodha and Fyers to find out which one to choose?

Which broker is best; Zerodha Vs Fyers

Basis of difference Zerodha Broking Ltd Fyers Securities Pvt Ltd
Account opening charges
  • Equity Trading Account: Rs. 200
  • Commodity Trading Account: Rs. 100
  • Zerodha Demat AMC: Rs. 300
  • Fyers Trading Account: Free
  • Fyers Demat AMC: Rs. 225 for 1st year and Rs. 300 PA from 2nd year onwards
Brokerage Charges Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment Free equity delivery, Rs. 20 per order in other segments, and Free Direct MF investment
Products Large portfolio i.e. Equity, derivative, commodity, currency, IPO, direct mutual funds, bonds, etc. Limited i.e. Equity, derivative, commodity, currency, online IPO investment, and direct mutual funds but does not offer fixed income products.
Trading Platforms Zerodha Kite App and Web, Zerodha Coin for Direct MF investment, and Partner platforms: Smallcase, streak, Sensibull, Sentinel, etc. Fyers App, Fyers One, Fyers Web, and Fyers Direct MF Investment Platform
NRI Trading Zerodha offers NRI trading services. Fyers doesn’t offer online trading services to NRIs.

Despite free Fyers trading account and similar brokerage charges, Zerodha is the best broker due to its strong brand name, large client base, NRI trading services, third-party trading platforms, large product portfolio, and online IPO investment.

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