Fyers Vs INDmoney (Compare Fyers and INDmoney)

Fyers Vs INDmoney

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Fyers	INDmoney
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE
Year of Incorporation	2015	2019
Number of Branches	2	1
	Open Fyers Account	Open INDmoney Account

Fyers Vs INDmoney Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while INDmoney account opening changes is Rs 0. Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime) and INDmoney Demat Account AMC Charges is Rs 0.

	Fyers	INDmoney
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 Vs INDmoney Brokerage

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 INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.

Account Type	Fyers Flat Fee Brokerage Plan	INDmoney Standard Plan
Fixed Charges	NA
Equity Delivery	0.03% or Rs 20, whichever is lower	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.03% or Rs 20, whichever is lower	0.05% of order value or Rs 20, whichever is lower
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
Currency Options	Rs 20 per executed order
Commodity Futures	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per executed 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 Open FREE Fyers Demat Account	Special Offer: Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now.

Fyers Vs INDmoney Leverage (Margin)

Fyers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Fyers	INDmoney
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 INDmoney Account

Compare Fyers and INDmoney Features

The trading platforms offered Fyers include Fyers App, Fyers Web, Fyers Next. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.

	Fyers	INDmoney
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	INDmoney App, INDstocks App and INDmoney Web Platform
Intraday Square-off Time	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.
	Open Fyers Account	Open INDmoney Account

Fyers Vs INDmoney Review

Fyers is rated of 5 based on 39 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.

	Fyers	INDmoney
	39 Customer Reviews	1 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	INDmoney is Rated 4.0 / 5 based on 1 customer reviews