Fyers vs Zerodha
How Fyers and Zerodha compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Zerodha gives free equity delivery (₹0) while Fyers charges ₹20 or 0.3%, lower, so Zerodha is cheaper for delivery-based investing.
Fyers — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery.
Zerodha — long-term, diy investors who want free equity delivery, a clean fast app, and low flat-fee intraday/f&o without cross-selling.
Charges side by side
| FyersOpen | ZerodhaOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.3%, lower | ₹0 brokerage |
| Intraday | ₹20 or 0.03%, lower | ₹20 or 0.03%, lower |
| DP sell / scrip | ₹14.75 | ₹15.34 |
| Account opening | ₹0 | ₹0 (online individual) |
| Demat AMC | ₹0 (currently free | ₹0 first year, then ₹300 + GST (₹354)/yr |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
Fyers
- Free account opening and ₹0 demat AMC (currently), with no charge on MF and IPO investments
- TradingView-native charting on Fyers Web plus FYERS One desktop terminal and Insta Options
- Free, well-documented trading API and FYERS Automate for rule-based/algo strategies (no API subscription fee)
- Equity delivery is no longer free — ₹20 or 0.3% (lower) since 1 Oct 2024, so small delivery trades pay 0.3%
- Call & Trade costs ₹50 + GST per order — among the highest of the discount brokers
Zerodha
- Zero brokerage on equity delivery + flat ₹20-or-lower intraday/F&O — among the cheapest, fully transparent pricing
- Largest retail broker by active clients, with the well-regarded, stable Kite platform
- First-year demat AMC free and ₹0 online account opening; no pushy in-app cross-selling or relationship managers
- No 3-in-1 account (no in-house bank); funds move via UPI/payment gateway rather than a linked savings account
- Kite Connect API is paid (≈₹500/mo); no built-in research, stock tips or analyst recommendations
Fyers vs Zerodha — FAQs
Zerodha gives free equity delivery (₹0) while Fyers charges ₹20 or 0.3%, lower, so Zerodha is cheaper for delivery-based investing. On intraday, Fyers charges ₹20 or 0.03%, lower and Zerodha ₹20 or 0.03%, lower. The DP sell charge is ₹14.75 (Fyers) vs ₹15.34 (Zerodha). Statutory charges are identical across brokers.
Fyers is a discount broker — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery. Zerodha is a discount broker — long-term, diy investors who want free equity delivery, a clean fast app, and low flat-fee intraday/f&o without cross-selling.
Either works to start. Look at the demat AMC (Fyers: ₹0 (currently free; Zerodha: ₹0 first year, then ₹300 + GST (₹354)/yr), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.