Religare vs Fyers – Point by Point Comparison

Wile comparing Religare with Fyer, it is evident that one is a Full Service and other is a Discount broker. Though, their is no significant difference in their platforms, however Religare marks their presence in various parts of the country whereas Fyers play on the lesser rates. Fyers caps their prices at Rs.100 per trade irrespective of the quantity.

    Religare FYERS
Basic Information Type of Broker Full Service Broker Discount Broker
  Exchanges BSE, NSE, MCX & NCDEX NSE
  Fees for Opening Trading Account Rs. 500 NIL
  Annual Maintenance Charges of Trading Account Nil NIL
  Fees for Opening Demat Account Nil NIL
  Annual Maintenance Charges of Demat Account Rs. 300 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 70 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 30 per lot Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges 0.05% NA
  Minimum Brokerage Charges Re. 0.01 per share NA
Transaction Charges Equity Delivery 0.00% As Applicable
  Equity Intraday 0.00% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.06% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.06% on Premium As Applicable
  Commodity 0.00% As Applicable
Features 3-in-1 Account N N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts Y N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Odin Diet Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity Y N
  Currency Y 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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