Geojit Vs Fyers (Compare Geojit and Fyers)

Geojit Vs Fyers

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	Geojit	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX-SX	BSE, NSE, MCX
Year of Incorporation	1987	2015
Number of Branches	509	2
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Geojit Vs Fyers Charges & AMC

Geojit trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 400 per year and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	Geojit	Fyers
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 400 per year	Rs 0 (Free AMC for Lifetime)

Geojit Vs Fyers Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.

Account Type	Geojit Online Traditional Plan	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.03%	0.03% or Rs 20, whichever is lower
Equity Futures	0.01%	0.03% or Rs 20, whichever is lower
Equity Options	Rs 50 per lot	Rs 20 per executed order
Currency Futures	0.01%	0.03% or Rs 20, whichever is lower
Currency Options	Rs 50 per lot	Rs 20 per executed order
Commodity Futures	NA	0.03% or Rs 20, whichever is lower
Commodity Options	NA	Rs 20 per executed order
Special Offer	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.	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.

Geojit Vs Fyers Brokerage Plan 2

	Geojit	Fyers
Account Type	GTrade Max	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30%	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 20 per trade or 0.03% which is lower	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 40 per lot	0.03% or Rs 20, whichever is lower
Equity Options	Rs 20 per lot	Rs 20 per executed order
Currency Futures	Rs 40 per lot	0.03% or Rs 20, whichever is lower
Currency Options	Rs 20 per lot	Rs 20 per executed order
Commodity Futures	NA	0.03% or Rs 20, whichever is lower
Commodity Options	NA	Rs 20 per executed order
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Geojit Charges Vs Fyers

Minimum Brokerage	1p per share or Rs 20/contract whichever is higher	Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges	Intraday Auto Square off at Rs 20 per lot	Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges		Rs 50 per trade

Geojit Vs Fyers Transaction Charges

Geojit transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Geojit	Fyers
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 3500 per Cr (0.035%) (on premium)
Commodity	NA	NA
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Geojit Vs Fyers Leverage (Margin)

Geojit margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Geojit	Fyers
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Geojit and Fyers Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	Geojit	Fyers
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Selfie Platinum, Selfie Gold, Mobile App	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time		3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features		API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
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Geojit Vs Fyers Review

Geojit is rated 3.6 of 5 based on 111 customer reviews whereas Fyers is rated 2.9 of 5 based on 37 customer reviews.

	Geojit	Fyers
	111 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.6 of 5 based on 111 customer reviews	Fyers is rated 2.9 of 5 based on 37 customer reviews

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Geojit Vs Fyers Investment Options

	Geojit	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Geojit Vs Fyers Order Type Offered

	Geojit	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Geojit Vs Fyers Research Report

	Geojit	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Geojit Vs Fyers Suitable For Investor Type

	Geojit	Fyers
Casual Investor
Active Investor
Trader

Geojit Vs Fyers - Pros and Cons

	Geojit	Fyers
Pros	Free research and ecommendations. Free account opening. Rs 20 per trade Intraday trading brokerage in GTrade Max plan. 4 times exposure through MTF Access to 472 branches for customer support. Offices in UAE, Oman, Bahrain and Kuwait to help NRI investors. Excellent online trading platforms.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	High brokerage charges across all segment in comparision to other full-service brokers like Angel Broking, IIFL and Edelseiss. High minimum brokerage charges of Rs 20 per lot or 1 paisa per share whichever is higher.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
Promo / Offers	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. Open Instant Demat Account Read Reviews	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.
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