Fyers Vs Elite Wealth
Fyers
Fyers Review- Free Investment in Equity Delivery, FNO Trades at Flat 20 Rs Fyers Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, Fyers Review of NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Fyers Vs Elite Wealth - Broker Details
| Fyers | Elite Wealth | |
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| Single Margin Facility |
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| Year of Incorporation | 2015 | 1990 |
| Exchanges | BSE, NSE, MCX. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | N/A |
| Brokerage | ₹20/ Order or 0.03% ( Whichever is lower) | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
Fyers Vs Elite Wealth - Account Opening & AMC Charges
| Fyers | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Fyers Vs Elite Wealth - Brokerage charges & Plans
| Fyers | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Equity Delivery | ₹0 | 0.33% |
| Equity Options | ₹20/ Order | ₹33 per Lot |
| Commodity Options | ₹20/ Order | 0.03% |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Currency Options | ₹20/ Order | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | 0.03% |
Fyers Vs Elite Wealth - Other Charges
| Fyers | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Fyers Vs Elite Wealth - Transaction Charges
| Fyers | Elite Wealth | |
|---|---|---|
| Currency Options | ₹5900/ Cr(on premium) (0.059%) | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | ₹240/ Cr (0.0024%) | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | ₹325/ Cr (0.00325%) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | ₹5900/ Cr (on premium) (0.059%) | NSE: 0.053% on Premium value |
| Commodity | NA | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | ₹240/ Cr (0.0024%) | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | ₹325/ Cr (0.00325%) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Fyers Vs Elite Wealth - Margin (Exposure)
| Fyers | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Fyers Vs Elite Wealth - Features
| Fyers | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Fyers Vs Elite Wealth - Review & Rating
| Fyers | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Fyers Vs Elite Wealth - Request a call back from Broker
| Fyers | Elite Wealth | |
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Fyers Vs Elite Wealth - Investment Options
| Fyers | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Fyers Vs Elite Wealth - Order Type
| Fyers | Elite Wealth | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Fyers Vs Elite Wealth - Research & Report
| Fyers | Elite Wealth | |
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| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Fyers Vs Elite Wealth - Daily Market Report
| Fyers | Elite Wealth | |
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| Daily Market Reports & News |
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Fyers Vs Elite Wealth - Suitable For Investor
| Fyers | Elite Wealth | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Fyers Vs Elite Wealth - Pros & Cons
| Fyers | Elite Wealth | |
|---|---|---|
| Pros | 1.Free equity delivery trading 2.The brokerage rate charged by FYERS is ultra-low, Flat ₹20 per trade 3.Quick implementation of new features and services through in-house build trading platform. 4.Referral plan helps to earn 20% of the revenue generated by the referred friend for life time. 5.Investment opportunities in group of stocks through Thematic Investing. 6.Transparency in fee charging i.e. there are no hidden charges. 7.Availability of trading software’s that too completely free. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1.Higher exchange transaction charges in comparison to other discount brokers. 2. Lack of professional team for market analysis. 3.Depository Services are not provided. 4.FYERS does not provide commodity trading services 5.Customer service lines are not toll free. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Fyers Vs Elite Wealth - Background
| Fyers | Elite Wealth | |
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Fyers Vs Elite Wealth - Compare All Brokers
| Fyers | Elite Wealth | |
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Fyers Vs Elite Wealth - STT/CTT
| Fyers | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% on Sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell value | 0.01 % on Sell |
| Commodity Options | 0.05% on the sell value | 0.05% on Sell Side |
Fyers Vs Elite Wealth - Demat transaction charges
| Fyers | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | No Charges |
Fyers Vs Elite Wealth - GST
| Fyers | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Fyers Vs Elite Wealth - SEBI Charges
| Fyers | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Fyers Vs Elite Wealth - Account Opening & AMC Charges
Fyers
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Fyers Vs Elite Wealth
| Fyers | Elite Wealth | |
|---|---|---|
FYERS Review 2024 | Brokerage Charges, Account OpeningFYERS Securities is a Bangalore based discount broker, offering trade in Equity cash, F&O and Currency Derivatives segments at NSE, BSE and MCX. Being incorporated in 2015, the firm focuses on providing services at low brokerage rates. In fact, FYERS is an acronym of “Focus Your Energy & Reform t .. + " Vs "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Fyers Vs Elite Wealth - Brokerage charges & Plans
| Fyers | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Equity Delivery | ₹0 | 0.33% |
| Equity Options | ₹20/ Order | ₹33 per Lot |
| Commodity Options | ₹20/ Order | 0.03% |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Currency Options | ₹20/ Order | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | 0.03% |
| Call Back Open Account |
Fyers Vs Elite Wealth - Margin (Exposure)
| Fyers | Elite Wealth | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Fyers Vs Elite Wealth - Other Charges
| Fyers | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Fyers Vs Elite Wealth - STT/CTT
| Fyers | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% on Sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell value | 0.01 % on Sell |
| Commodity Options | 0.05% on the sell value | 0.05% on Sell Side |
Fyers Vs Elite Wealth - Demat transaction charges
| Fyers | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | No Charges |
Fyers Vs Elite Wealth - GST
| Fyers | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Fyers Vs Elite Wealth - SEBI Charges
| Fyers | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Fyers Vs Elite Wealth - Features
| Fyers | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |