Sharekhan Vs Fyers (Compare Sharekhan and Fyers)

Sharekhan Vs Fyers

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	Sharekhan	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2000	2015
Number of Branches	2800	2
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Sharekhan Vs Fyers Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	Sharekhan	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 (Free for 1st year)	Rs 0 (Free AMC for Lifetime)

Sharekhan Vs Fyers Brokerage

Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share 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	Sharekhan Classic Account	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30% on market rate or minimum 1 paisa per share	0.03% or Rs 20, whichever is lower
Equity Intraday	0.02% on market rate or minimum 1 paisa per share	0.03% or Rs 20, whichever is lower
Equity Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Equity Options	Rs 20 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per lot	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.

Sharekhan Vs Fyers Brokerage Plan 2

	Sharekhan	Fyers
Account Type	Prepaid - Rs 1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.015%	0.03% or Rs 20, whichever is lower
Equity Futures	0.015%	0.03% or Rs 20, whichever is lower
Equity Options	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures		0.03% or Rs 20, whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		0.03% or Rs 20, whichever is lower
Commodity Options		Rs 20 per executed order
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Sharekhan Vs Fyers Brokerage Plan 3

	Sharekhan	Fyers
Account Type	Margin - Rs 1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	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	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures		0.03% or Rs 20, whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		0.03% or Rs 20, whichever is lower
Commodity Options		Rs 20 per executed order
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Sharekhan Charges Vs Fyers

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	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 20	Rs 50 per trade

Sharekhan Vs Fyers Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Sharekhan	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 335 per Cr (0.00335%) | 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 200 per Cr (0.002%) | BSE Rs 0	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options	NSE Rs 5050 per Cr (0.0505%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	NSE Rs 95 per Cr (0.00095%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 3500 per Cr (0.035%) (on premium)
Commodity	Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05%	NA
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Sharekhan Vs Fyers Leverage (Margin)

Sharekhan 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.

	Sharekhan	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 Sharekhan and Fyers Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	Sharekhan	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	TradeTiger, Sharekhan Mobile	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	3:30 PM	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training	API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
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Sharekhan Vs Fyers Review

Sharekhan is rated 3.3 of 5 based on 313 customer reviews whereas Fyers is rated 2.9 of 5 based on 37 customer reviews.

	Sharekhan	Fyers
	313 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 313 customer reviews	Fyers is rated 2.9 of 5 based on 37 customer reviews

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Sharekhan Vs Fyers Investment Options

	Sharekhan	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading

Sharekhan Vs Fyers Order Type Offered

	Sharekhan	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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Sharekhan Vs Fyers Research Report

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

Sharekhan Vs Fyers Suitable For Investor Type

	Sharekhan	Fyers
Casual Investor
Active Investor
Trader

Sharekhan Vs Fyers - Pros and Cons

	Sharekhan	Fyers
Pros	Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them. Sharekhan offers online and classroom training, seminars and workshops to investors. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood. Call & Trade facility is free with Sharekhan. Sharekhan allows fixed deposits as collateral for future and option trading.	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	Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services. Classic account holders cannot trade Commodities, as the segment has to be activated separately. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.	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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