IDBI Capital vs Fyers – Point by Point Comparison

IDBI Capital is a bank promoted broker offering 3 in 1 account whereas Fyers is a new age discount broker that offer an advanced trading platform with various unique features with capping of brokerage per trade at Rs. 100.

    IDBI Capital FYERS
Basic Information Type of Broker Full Service Broker Discount Broker
  Exchanges BSE, NSE NSE
Fees for Opening Trading Account Rs. 700 NIL
  Annual Maintenance Charges of Trading Account Nil NIL
  Fees for Opening Demat Account Nil NIL
  Annual Maintenance Charges of Demat Account Rs. 350 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.08% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.08% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 100 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges NA 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges NA Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges NA NA
  Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower NA
Transaction Charges Equity Delivery 0.00% As Applicable
  Equity Intraday 0.00% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.051% on Premium As Applicable
  Currency Futures NA As Applicable
  Currency Options NA As Applicable
  Commodity NA As Applicable
Features 3-in-1 Account Y N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts NA N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Power Pro Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity N N
  Currency N Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat N N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N


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