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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 keeping the cost of trading at its lowest in India.
Fyers is a low brokerage stock broker in India. ... 
About INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmoney acts as a trading and clearing member of NSE, BSE and BSE Star MF and provides transparency and se...
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 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 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: 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. | Special Offer: Invest in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Minimum Brokerage | Intra-day: 0.03% or Rs 20, whichever is lower | Rs 2 |
| Other Charges | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) | |
| Call & Trade Charges | Rs 50 per trade | Rs 500 |
| Open Fyers Account | Open INDmoney Account |
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 |
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 is rated of 5 based on 37 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.
| Fyers | INDmoney | |
|---|---|---|
37 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 37 customer reviews | INDmoney is Rated 4.0 / 5 based on 1 customer reviews |
| Fyers | INDmoney | |
|---|---|---|
| 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 in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100. |
| Fyers | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Fyers | INDmoney | |
|---|---|---|
| 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 INDmoney Account |
| Fyers | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Fyers | INDmoney | |
|---|---|---|
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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. | INDmoney Special OfferFree stock trading and mutual funds Account
Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today. |
| Open Fyers Account | Open INDmoney Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Fyers Account
