Detailed side-by-side comparison of brokerage rates, account maintenance fees, trading platforms, and user ratings to help you choose the winner for your trading style.
Multi-chart TradingView workstation with free API and 30-Day Brokerage Refund Challenge
Pioneer of discount broking with India's benchmark Kite trading platform
| Feature / Metric | Fyers | Zerodha |
|---|---|---|
| Category | discount | discount |
| Active NSE Clients | 4+ Lakhs (Rank #9) | 76+ Lakhs (Rank #2) |
| Account Opening Fee | ₹0 (Free Digital Demat) | ₹200 (Equity & F&O) |
| Annual Maintenance Charges (AMC) | ₹0 (Lifetime Free Demat AMC) | ₹300/year + 18% GST (Billed ₹75/quarter) |
| Equity Delivery Brokerage | ₹0 (Free Lifetime) | ₹0 (Free Lifetime) |
| Equity Intraday Brokerage | ₹20 or 0.03% (whichever is lower) per order | ₹20 or 0.03% (whichever is lower) per order |
| Equity Options Brokerage | ₹20 flat per executed order | ₹20 flat per executed order |
| CDSL DP Charges (Per Sell Debit) | ₹12.50 + GST per debit transaction | ₹13.50 + GST per debit per ISIN (CDSL) |
| Margin Trading (MTF) Interest Rate | 12% p.a. | 10.5% p.a. (0.028% per day via Margin Trading Facility) |
| Developer / Algorithmic API | Free (Fyers API v3 with Python SDK) | ₹2,000/month (Kite Connect API) + ₹2,000 for Historical Data |
| TradingView Chart Integration | ✓ Included | ✓ Included |
| NSE Complaint Ratio | 0.02% | 0.02% |
Technical analysis chartists, multi-timeframe traders, and algo developers.
Serious long-term investors, swing traders, and active traders demanding a clean, stable UI.
Simulate trades with live STT, SEBI, GST, Stamp Duty, and DP charges across top Indian stock brokers.
Zero Brokerage on Equity Delivery + Free Access to Coin & Varsity
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