Interactive Brokers vs Fyers Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Interactive Brokers vs Fyers Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Interactive Brokers and Fyers Securities.

Background

Year of Incorporation 1977 2015
Website https://www.interactivebrokers.co.in/en/home.php https://fyers.in/
Phone +91 22-61289888 080 - 46251111
Exchanges enabled NSE (plus over 100 market centers across 24 countries). NSE, BSE
Demat (NSDL/CDSL) NSDL NSDL- Partnership with ILFS
Brokerage

Equity 0.05% per Executed Order Rs 20 or 0.03% per executed order
Equity Futures 0.01% per Executed Order Rs 20 or 0.03% per executed order
Equity Options Rs 25 per lot per Rs 20 per executed order
Currency Futures 0.01% per Executed Order Not Available
Currency Options 0.01% per Executed Order Not Available
Commodity Rs 50 per lot per Not Available
Account Opening Costs

Trading only Rs 0 Rs 0
Trading & Demat Rs 400 Rs 0
Commodity Not Available Not Available
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325%
Futures 0.0019 % 0.00325%
Options 0.05% 0.059%
Commodities Not available Not Available
AMC charge NIL Rs 0
DP Transaction Charge NIL Rs 7 + ?5.5
Offline order placing Charge Rs 1500 per order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 Days 30 days
End of Day 1 Year 3 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 2x intraday and overnight leverage 10x for Intraday
Equity Futures Upto 2x for Intraday 1x
Equity Options Buying 0 & Shorting upto 2x for Intraday 1x
Currency Futures Upto 2x for Intraday Not Available
Currency Options Buying 0 & Shorting upto 2x for Intraday Not Available
Commodity Not Available Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 104.1 Crores Rs 69.96 Crores
Profit after Tax FY12/13 Rs 63.01 Crores Rs 67.66 Crores
Profit after Tax FY13/14 Rs 64.75 Crores Rs 81.10 Crores
Profit after Tax FY 14/15 Rs 74.30 Crores Rs 61.14 Crores
Profit after Tax FY 15/16 Rs 89.41 Crores Rs 78.10 Crores
Profit after Tax FY 16/17 Rs 79.38 Crores Rs 53.07 Crores
Profit after Tax FY 17/18 Rs 79.67 Crores Rs 67.25 Crores
Profit after Tax FY 18/19 Rs 93.62 Crores Rs 80.90 Crores
Profit after Tax FY 19/20 Rs 89.06 Crores Rs 68.07 Crores
Profit after Tax FY 20/21 Rs 99.53 Crores Rs 81.00 Crores
Profit after Tax FY 21/22 Rs 85.24 Crores Rs 59.41 Crores
Profit after Tax FY 22/23 Rs 78.27 Crores Rs 80.05 Crores
Debt FY11/12 Rs 17.67 Crores Rs 44.07 Crores
Debt FY12/13 Rs 13.43 Crores Rs 46.54 Crores
Debt FY13/14 Rs 21.88 Crores Rs 54.13 Crores
Debt FY14/15 Rs 21.05 Crores Rs 50.25 Crores
Debt FY15/16 Rs 23.05 Crores Rs 49.03 Crores
Debt FY16/17 Rs 22.53 Crores Rs 50.14 Crores
Debt FY17/18 Rs 22.09 Crores Rs 47.26 Crores
Debt FY18/19 Rs 23.67 Crores Rs 52.85 Crores
Debt FY19/20 Rs 21.41 Crores Rs 60.05 Crores
Debt FY20/21 Rs 24.02 Crores Rs 60.76 Crores
Debt FY21/22 Rs 27.09 Crores Rs 53.25 Crores
Debt FY22/23 Rs 21.78 Crores Rs 61.34 Crores
Profit to Equity(%) FY11/12 14.94 19.94
Profit to Equity(%) FY12/13 7.29 12.64
Profit to Equity(%) FY13/14 9.71 16.81
Profit to Equity(%) FY14/15 9.01 14.28
Profit to Equity(%) FY15/16 9.64 25.66
Profit to Equity(%) FY16/17 10.04 19.07
Profit to Equity(%) FY17/18 10.14 19.14
Profit to Equity(%) FY18/19 11.34 20.91
Profit to Equity(%) FY19/20 13.24 29.50
Profit to Equity(%) FY20/21 12.52 30.98
Profit to Equity(%) FY21/22 17.85 30.64
Profit to Equity(%) FY22/23 14.56 22.10
Balance Sheet Size FY11/12 Rs 908 Crores Rs 29.97 Crores
Balance Sheet Size FY12/13 Rs 977 Crores Rs 25.93 Crores
Balance Sheet Size FY13/14 Rs 990.08 Crores Rs 27.42 Crores
Balance Sheet Size FY14/15 Rs 968.51 Crores Rs 33.53 Crores
Balance Sheet Size FY15/16 Rs 1071.18 Crores Rs 33.33 Crores
Balance Sheet Size FY16/17 Rs 1098.72 Crores Rs 36.51 Crores
Balance Sheet Size FY17/18 Rs 1110.91 Crores Rs 35.90 Crores
Balance Sheet Size FY18/19 Rs 1095.94 Crores Rs 35.48 Crores
Balance Sheet Size FY19/20 Rs 1369.20 Crores Rs 40.20 Crores
Balance Sheet Size FY20/21 Rs 1391.66 Crores Rs 33.51 Crores
Balance Sheet Size FY21/22 Rs 1293.62 Crores Rs 35.30 Crores
Balance Sheet Size FY22/23 Rs 1627.43 Crores Rs 34.81 Crores

Comparison Link:

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Frequently Asked Questions

Is Interactive Brokers better than Fyers Securities ?

Interactive Brokers and Fyers Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Fyers Securities better than Interactive Brokers ?

Interactive Brokers and Fyers Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Interactive Brokers cheaper than Fyers Securities ?

Interactive Brokers and Fyers Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Fyers Securities cheaper than Interactive Brokers ?

Interactive Brokers and Fyers Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Interactive Brokers vs. Fyers Securities ?

To find out the better of the two stockbrokers Interactive Brokers and Fyers Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.