About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company.
The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and ... 
About Alice Blue
Founded in 2006, Alice Blue is a Bengaluru-based discount broker that offers trading services across equity, derivatives, and commodities on BSE, NSE, and MCX. Alice Blue also provides depository (Demat) services through its membership with CDSL.
Alice Blue follows a simple pricing model with flat brokerage plans. For equity delivery, brokerage is charged at ₹20 per executed order or 2.5% (whichev...
Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India. Incorporated in 2006, Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 25 branches across India.
| Fyers | Alice Blue | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 2015 | 2006 |
| Number of Branches | 2 | 25 |
| Open Fyers Account | Open Alice Blue Account |
Fyers trading account opening charges is Rs 0 (Free) while Alice Blue account opening changes is Rs 0. Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime) and Alice Blue Demat Account AMC Charges is Rs 0.
| Fyers | Alice Blue | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 (Free AMC for Lifetime) | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 0 (Free AMC for Lifetime) | Rs 0 |
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 whereas Alice Blue brokerage charges for equity is Rs 20 per order or 2.5% whichever is lower and Intraday is Rs 20 per order or 0.05% whichever is lower.
| Account Type | Fyers Flat Fee Brokerage Plan | Alice Blue Flat Rs 20 |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.03% or Rs 20, whichever is lower | Rs 20 per order or 2.5% whichever is lower |
| Equity Intraday | 0.03% or Rs 20, whichever is lower | Rs 20 per order or 0.05% whichever is lower |
| Equity Futures | 0.03% or Rs 20, whichever is lower | Rs 20 per order or 0.05% whichever is lower |
| Equity Options | Rs 20 per executed order | Rs 20 per order |
| Currency Futures | 0.03% or Rs 20, whichever is lower | Rs 20 per order or 0.05% whichever is lower |
| Currency Options | Rs 20 per executed order | Rs 20 per order |
| Commodity Futures | 0.03% or Rs 20, whichever is lower | Rs 20 per order or 0.05% whichever is lower |
| Commodity Options | Rs 20 per executed order | Rs 20 per order |
| Special Offer | Special Offer: ₹0 account opening and ₹0 Demat AMC| Trade at ₹20/order across segments| ₹0 brokerage on Direct Mutual Funds Investments | Special Offer: Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| Minimum Brokerage | Intra-day: 0.03% or Rs 20, whichever is lower | Rs 20 |
| Other Charges | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) | |
| Call & Trade Charges | Rs 50 per trade | Rs 50 per executed order |
| Open Fyers Account | Open Alice Blue Account |
Fyers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Alice Blue margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Fyers | Alice Blue | |
|---|---|---|
| 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) |
| Open Fyers Account | Open Alice Blue Account |
The trading platforms offered Fyers include Fyers App, Fyers Web, Fyers Next. Alice Blue offers ANT, 1lyOption trading software.
| Fyers | Alice Blue | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Fyers App, Fyers Web, Fyers Next | ANT, 1lyOption |
| Intraday Square-off Time | 3:15 PM | Equity: 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. | Smart Alice, Equity SIP |
| Open Fyers Account | Open Alice Blue Account |
Fyers is rated of 5 based on 39 customer reviews whereas Alice Blue is rated of 5 based on 40 customer reviews.
| Fyers | Alice Blue | |
|---|---|---|
39 Customer Reviews  | 40 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating | |  |
| Broker Rating | Fyers is Rated 2.9 / 5 based on 39 customer reviews | Alice Blue is Rated 3.1 / 5 based on 40 customer reviews |
| Fyers | Alice Blue | |
|---|---|---|
| Contact Broker | ₹0 account opening and ₹0 Demat AMC| Trade at ₹20/order across segments| ₹0 brokerage on Direct Mutual Funds Investments | Free Account opening| ₹0 AMC| Max ₹20/order – Equity, F&O, Commodity & Currency| No hidden Fees, Simple Brokerage Open FREE Alice Blue Account Today! |
| Fyers | Alice Blue | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Fyers | Alice Blue | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Fyers Account | Open Alice Blue Account |
| Fyers | Alice Blue | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Fyers | Alice Blue | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Fyers Special OfferFYERS Trade Smart. Pay Less
This is a limited-time offer. Open FREE Fyers Trading Account online and start trading today. | Alice Blue Special OfferExperience transparent pricing with no hidden fees at Alice Blue
|
| Open Fyers Account | Open Alice Blue Account |
Expand all
Open Fyers Account