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 Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and a...
Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 2015 | 2002 |
| Number of Branches | 2 | 237 |
| Open Fyers Account |
Fyers trading account opening charges is Rs 0 (Free) while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime) and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free AMC for Lifetime) | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 0 (Free AMC for Lifetime) | Rs 500 (1st Year Free) |
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 Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.
| Account Type | Fyers Flat Fee Brokerage Plan | Nuvama (Edelweiss) Nuvama Lite |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.03% or Rs 20, whichever is lower | Rs 20 per executed order |
| Equity Intraday | 0.03% or Rs 20, whichever is lower | Rs 20 per executed order |
| Equity Futures | 0.03% or Rs 20, whichever is lower | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| Currency Futures | 0.03% or Rs 20, whichever is lower | Rs 20 per executed order |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order |
| Commodity Futures | 0.03% or Rs 20, whichever is lower | 0.030% |
| Commodity Options | Rs 20 per executed order | Rs 50 / lot |
| Special Offer | 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. | 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. |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Flat Fee Brokerage Plan | Nuvama Elite |
| Fixed Charges | NA | NA |
| Equity Delivery | 0.03% or Rs 20, whichever is lower | 0.30% |
| Equity Intraday | 0.03% or Rs 20, whichever is lower | 0.03% |
| Equity Futures | 0.03% or Rs 20, whichever is lower | 0.03% |
| Equity Options | Rs 20 per executed order | Rs 75 per lot |
| Currency Futures | 0.03% or Rs 20, whichever is lower | 0.02% |
| Currency Options | Rs 20 per executed order | Rs 20 per lot |
| Commodity Futures | 0.03% or Rs 20, whichever is lower | 0.015% |
| Commodity Options | Rs 20 per executed order | Rs 30 / lot |
| Open Fyers Account |
| Minimum Brokerage | Intra-day: 0.03% or Rs 20, whichever is lower | 0.03% Equity delivery, 0.01% Intra-day and Futures |
| Other Charges | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) | Margin Funding: 0.08%/day, Research: Rs 50 per month, |
| Call & Trade Charges | Rs 50 per trade | Rs 20 per call |
| Open Fyers Account |
Fyers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| 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 |
The trading platforms offered Fyers include Fyers App, Fyers Web, Fyers Next. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| 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 | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress |
| Intraday Square-off Time | 3:15 PM | 3:00 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. | |
| Open Fyers Account |
Fyers is rated of 5 based on 38 customer reviews whereas Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews.
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
38 Customer Reviews  | 79 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  | |
| Customer Service | |  |
| Research Capabilities |  |  |
| Overall Rating | |  |
| Broker Rating | Fyers is Rated 3.0 / 5 based on 38 customer reviews | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Contact Broker | 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. | 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. |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| 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 |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Fyers | Nuvama (Edelweiss) | |
|---|---|---|
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| Promo / Offers | Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open Fyers Account |
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