Mirae Asset Sharekhan Vs Fyers (Compare Mirae Asset Sharekhan and Fyers)

Mirae Asset Sharekhan Vs Fyers

Incorporated in 2000, Mirae Asset Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	Mirae Asset Sharekhan	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	2000	2015
Number of Branches	2800	2
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Mirae Asset Sharekhan Vs Fyers Charges & AMC

Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	Mirae Asset Sharekhan	Fyers
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 0 (Free AMC for Lifetime)

Mirae Asset Sharekhan Vs Fyers Brokerage

Mirae Asset Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas 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.

Account Type	Mirae Asset Sharekhan Classic Account	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.30% on market rate or minimum 1 paisa per share	0.03% or Rs 20, whichever is lower
Equity Intraday	0.02% on market rate or minimum 1 paisa per share	0.03% or Rs 20, whichever is lower
Equity Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Equity Options	Rs 39 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
Special Offer	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.	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.

Mirae Asset Sharekhan Vs Fyers Brokerage Plan 2

	Mirae Asset Sharekhan	Fyers
Account Type	Prepaid - Rs 1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.015%	0.03% or Rs 20, whichever is lower
Equity Futures	0.015%	0.03% or Rs 20, whichever is lower
Equity Options	0.05% or Rs 63 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
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Mirae Asset Sharekhan Vs Fyers Brokerage Plan 3

	Mirae Asset Sharekhan	Fyers
Account Type	Margin - Rs 1 Lakh	Flat Fee Brokerage Plan
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.05%	0.03% or Rs 20, whichever is lower
Equity Futures	0.05%	0.03% or Rs 20, whichever is lower
Equity Options	1% or Rs 70 per lot	Rs 20 per executed order
Currency Futures	0.02% per transaction value	0.03% or Rs 20, whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.02%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 20 per lot	Rs 20 per executed order
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Mirae Asset Sharekhan Charges Vs Fyers

Minimum Brokerage	Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share	Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges		Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges	Rs 20	Rs 50 per trade
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Mirae Asset Sharekhan Vs Fyers Leverage (Margin)

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

	Mirae Asset Sharekhan	Fyers
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)
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Compare Mirae Asset Sharekhan and Fyers Features

The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	Mirae Asset Sharekhan	Fyers
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	TradeTiger, Sharekhan Mobile	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	3:30 PM	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training	API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
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Mirae Asset Sharekhan Vs Fyers Review

Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas Fyers is rated of 5 based on 37 customer reviews.

	Mirae Asset Sharekhan	Fyers
	316 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Mirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviews	Fyers is Rated 2.9 / 5 based on 37 customer reviews

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Mirae Asset Sharekhan Vs Fyers Investment Options

	Mirae Asset Sharekhan	Fyers
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

Mirae Asset Sharekhan Vs Fyers Order Type Offered

	Mirae Asset Sharekhan	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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Mirae Asset Sharekhan Vs Fyers Suitable For Investor Type

	Mirae Asset Sharekhan	Fyers
Casual Investor
Active Investor
Trader

Mirae Asset Sharekhan Vs Fyers - Pros and Cons

	Mirae Asset Sharekhan	Fyers
Pros	Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them. Sharekhan offers online and classroom training, seminars and workshops to investors. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood. Call & Trade facility is free with Sharekhan. Sharekhan allows fixed deposits as collateral for future and option trading.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services. Classic account holders cannot trade Commodities, as the segment has to be activated separately. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
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