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Fyers Vs SBI Securities NRI Account Comparison

The side-by-side comparison of Fyers and SBI Securities NRI Account. Compare Fyers Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and Fyers NRI Account reviews.

Find out Fyers Vs SBI Securities which is better NRI Trading Account. See Fyers Vs SBI Securities which is best NRI Demat Account.

Our Fyers Securities Ltd comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best between Fyers and SBI Securities NRI Account.

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Fyers Vs SBI Securities

  Fyers SBI Securities
 
  Fyers Securities Ltd Logo SBICAP Securities Ltd Logo
About the Broker Fyers is an online stock broker in India. Fyers offers regulated stock broking platforms that operate under SEBI and Stock Exchanges regulations and guidelines. It offers a 2-in-1 account combining trading and demat accounts with trading in Equity d... Know more about Fyers Securities Ltd State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Account NRI Account
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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Fyers Vs SBI Securities Charges

  Fyers SBI Securities
NRI Account Opening Fees Free ₹2500
NRI Account AMC Free ₹0
NRI Demat Account Opening Fees Rs 0 (Free)
NRI Demat Account AMC Rs 0 (Free AMC for Lifetime) Rs 750 (Free for 1st Year)
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Fyers Vs SBI Securities NRI Account Brokerage Comparison

Account Type Fyers NRI Account SBI Securities NRI Account
Equity Delivery ₹50 and 0.5% for other services 0.75%
Equity Futures ₹50 per traded order
Equity Options ₹50 per traded order
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Fyers Vs SBI Securities NRI Account Taxes/Fees

  Fyers SBI Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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Fyers Vs SBI Securities NRI Account Margin

  Fyers Margin SBI Securities Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Fyers and SBI Securities NRI Account Features

  Fyers SBI Securities
3-in-1 Account No Yes
Automated Trading No
Free Research And Tips Yes
Other Features
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Fyers Vs SBI Securities NRI Account Review

  Fyers Review SBI Securities Review
  36 Customer Reviews    Rate Fyers 163 Customer Reviews    Rate SBI Securities
Fees 3.4 3.0
Brokerage 3.5 2.7
Trading Platform 3.1 2.6
Customer Service 2.9 2.8
Overall Rating Rated 2.9 stars Rated 2.5 stars
Broker Rating Fyers is Rated 2.9 / 5 based on 36 customer reviews SBI Securities is Rated 2.5 / 5 based on 163 customer reviews
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Contact Broker / Request A Call Back

  Fyers Enquire SBI Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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Fyers Vs SBI Securities NRI Investment Options

  Fyers SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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Fyers Vs SBI Securities NRI Customer Service

  Fyers SBI Securities
Customer Care Number 080-45699999 +91 22 6153 6900
Customer Care Email support@fyers.in nri@sbicapsec.com
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Fyers Vs SBI Securities Order Type Offered for NRI Account

  Fyers SBI Securities
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Fyers Vs SBI Securities - NRI Account Advantages and Disadvantages

  Fyers SBI Securities
Pros
  1. Free online account opening and AMC charges
  2. Free equity delivery trading. No brokerage for cash & carry trades.
  3. Discount stock broker offering ultra-low brokerage. Fyers charges flat Rs 20 per trade maximum brokerage across trading segments and irrespective of the size of the trade.
  4. No hidden charges. Very transparent fees/charges.
  5. In-house build trading platform offers flexibility to implement new features/services quickly.
  6. All trading software is available for free of charge.
  7. Fyers NRI account holders get access to research reports and economic calendar
  8. Refer your friends and earn 20% of the revenues generated by your friends, for life!
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
Cons
  1. Fyers NRI account holders are not allowed to invest in currency derivatives.
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
Conclusion

Fyers is a good option for NRIs who want to invest in the stock market and mutual funds in India. It has a Zero account opening and AMC charges. It offers a convenient way to invest with low brokerage charges. Fyers NRI account opening contact number - 080-45699999 and Fyers NRI account opening email ID - support@fyers.in.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

Promo / Offers

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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