SBI Securities Vs Fyers (Compare SBI Securities and Fyers)

SBI Securities Vs Fyers

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	SBI Securities	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2001	2015
Number of Branches	117	2
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SBI Securities Vs Fyers Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Fyers account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 750 (Free for 1st Year) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	SBI Securities	Fyers
Trading Account Opening Charges	Rs 850	Rs 0 (Free)
Trading Account AMC Charges		Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges		Rs 0 (Free)
Demat Account AMC Charges	Rs 750 (Free for 1st Year)	Rs 0 (Free AMC for Lifetime)

SBI Securities Vs Fyers Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% 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	SBI Securities	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.50%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.05%	0.03% or Rs 20, whichever is lower
Equity Futures	0.05%	0.03% or Rs 20, whichever is lower
Equity Options	Rs 100 per lot (sell and buy side)	Rs 20 per executed order
Currency Futures	0.03%	0.03% or Rs 20, whichever is lower
Currency Options	Rs 30 per lot	Rs 20 per executed order
Commodity Futures	0.05%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 100 (sell and buy side)	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.

SBI Securities Charges Vs Fyers

Minimum Brokerage	Rs 0.05 for Cash, Rs 0.01 Future	Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges		Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges	Rs 10 per call (after 30 free calls a month)	Rs 50 per trade

SBI Securities Vs Fyers Transaction Charges

SBI Securities 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).

	SBI Securities	Fyers
Equity Delivery	NSE Rs 322 per Cr (0.00322%) | 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 322 per Cr (0.00322%) | 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
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SBI Securities Vs Fyers Leverage (Margin)

SBI Securities 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.

	SBI Securities	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 SBI Securities and Fyers Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	SBI Securities	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	SBI Smart Express, SBI Smart Web, SBI Smart Mobile	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	2:45 PM	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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SBI Securities Vs Fyers Review

SBI Securities is rated 2.5 of 5 based on 163 customer reviews whereas Fyers is rated 2.9 of 5 based on 37 customer reviews.

	SBI Securities	Fyers
	163 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	SBI Securities is rated 2.5 of 5 based on 163 customer reviews	Fyers is rated 2.9 of 5 based on 37 customer reviews

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SBI Securities Vs Fyers Investment Options

	SBI Securities	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

SBI Securities Vs Fyers Order Type Offered

	SBI Securities	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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SBI Securities Vs Fyers Research Report

	SBI Securities	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

SBI Securities Vs Fyers Suitable For Investor Type

	SBI Securities	Fyers
Casual Investor
Active Investor
Trader

SBI Securities Vs Fyers - Pros and Cons

	SBI Securities	Fyers
Pros	Offer 3-in-1 account for seamless transactions. Full-service broker offering services online as well as through branches. Wide range of investment options. Free research reports are available.	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	Installable Trading Terminal (exe) is not available for frequent traders. Good Till Cancelled (GTC) orders are not available. Very high brokerage. Commodity (MCX) trading is not available.	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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