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Fyers vs INDmoney (Compare Fyers and INDmoney)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Fyers vs INDmoney, Below comparison of Fyers vs INDmoney highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Fyers vs INDmoney is given below:

Fyers

Open Account

INDmoney

	Fyers	INDmoney

About The Brokers

Fyers :

"FYERS is the revolutionary name in the stockbroker industry who has bought crisp technology and smooth trading platform along with the concept of thematic investment" >>> more

INDmoney :

INDmoney is not competing primarily as a discount broker — it is competing as a financial super-app. For investors who want Indian stocks >>> more

Find More Information about the Broker :

Fyers :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

INDmoney :

OVERVIEW

Type of Broker

Fyers :

Discount Broker

INDmoney :

Discount Broker

Promo/offers

Fyers :

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.

INDmoney :

N/A

Advantage

Fyers :

✔ What Fyers Does Well

✓	TradingView-native charts — best charting in Indian retail broking
✓	₹12.50 DP charge — lowest among major discount brokers
✓	₹0 AMC for lifetime (limited period offer)
✓	Tiered MTF interest — as low as 12.49% p.a. for large amounts
✓	NRI accounts available at ₹50/order
✓	GTT orders supported — unlike Groww and Angel One
✓	Free API with no monthly subscription fee
✓	30-day profitability challenge — brokerage refund up to ₹10,000
✓	Thematic investing baskets — sector/theme-based stock groups in one click
✓	Bracket orders, cover orders, GTT, AMO, basket orders
✓	School of Stocks — free structured education platform

INDmoney :

✔ What INDmoney Does Well

✓	9,000+ US stocks from one Indian app — largest US stock coverage
✓	Fractional US stock investing from just $1
✓	US stock SIPs — unique automated US investing from India
✓	₹0 AMC + ₹0 account opening
✓	True super-app: Indian stocks + US stocks + 1600+ MF + FD + NPS + insurance
✓	Net worth tracker aggregating all financial accounts
✓	Family accounts — manage spouse/parents accounts in one dashboard
✓	Tax calculator integrated in-app
✓	SIPC protection on US stocks up to $500,000
✓	MTF 4x at 0.04%/day — competitive rate

Disadvantage

Fyers :

✘ Where Fyers Falls Short

✗	Delivery brokerage: ₹20 or 0.3% — high % cap for small trades
✗	Call & Trade ₹50/order — highest among major discount brokers
✗	Admin square-off ₹50 — higher than Upstox & Angel One (₹20)
✗	No research or stock tips — chargeable only
✗	Smaller client base (~2.45L active) vs Zerodha / Groww
✗	AMC free offer is "limited period" — not permanently committed
✗	No branches — 100% online only
✗	Customer support slower than expected given premium positioning
✗	No digital gold or US stocks
✗	Not ideal for beginners — platform depth can be overwhelming

INDmoney :

✘ Where INDmoney Falls Short

✗	DP charge ₹18.5+GST — highest among reviewed brokers; impacts regular delivery sellers
✗	Indian F&O brokerage ₹20 — same as standard, no differentiation
✗	No commodity (MCX) trading
✗	No currency (forex) derivatives
✗	No NRI accounts
✗	Customer support reported as slow — 2-3 day email response times
✗	US stock forex conversion 0.5%–1.2% from bank — not INDmoney's charge, but a real cost
✗	No advanced F&O tools vs Dhan/Zerodha
✗	US stock repatriation takes 3–7 business days

Why This

Fyers :

They Charge Flat brokerage of ₹20/- per executed order.
Brokerage free Equity delivery Trade & Mutual Fund Investment.
No proprietary trading. Pure brokerage firm.
The distinguishing feature of Fyers- "Thematic investing".
Technological advance online trading platforms are provided to its customers.
They have customer support above average, and referral programmes are also worth investing your valuable time.
Provide various researching tools like Margin, Brokerage, brokerage comparison calculator, option strategy.
Trade profitably for 30 days & get your brokerage refunded.
Trade from charts, get the most popular technical indicators, drawing tools, multiple charts and many other functions.
Maximum Historical data- Get 24+ years of historical EOD & 4+ years of historical intraday charts with 100+ technical indicators.
IPOs and FPOs through UPI payments.

INDmoney :

Open Account

Fyers vs INDmoney Account Opening & AMC Charges

Fyers Trading Account Opening Fee is Rs 0 (Free) and - . Fyers Demat Account AMC is Rs 0 (Free) and - .

	Fyers	INDmoney
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : -
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : -
Demat Account AMC	Demat Account AMC : Rs 0 (Free)	Demat Account AMC : -
Trading Account AMC	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : -

Fyers vs INDmoney Brokerage Charges

Fyers Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order . INDmoney Brokerage Charges

	Fyers	INDmoney
Plan Name	Plan Name : Fyers	-
Equity Delivery	Equity Delivery : Rs 0 (Free)	-
Equity Intraday	Equity Intraday : Rs 20 per executed order or .03% whichever is lower	-
Equity Future	Equity Future : Rs 20 per executed order or .03% whichever is lower	-
Equity Options	Equity Options : Rs 20 per executed order	-
Currency Futures	Currency Futures : Rs 20 per executed order or .03% whichever is lower	-
Currency Options	Currency Options : Rs 20 per executed order	-
Monthly Fee	Monthly Fee : NA	-
Margin Trading	Margin Trading : -	-
Commodity Futures	Commodity Futures : Rs 20 per executed order or .03% whichever is lower	-
Commodity Options	Commodity Options : Rs 20 per executed order	-

Fyers vs INDmoney Exchange Transaction Charges

Fyers Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) (on premium) . INDmoney Exchange Transaction Charges - and - .

	Fyers	INDmoney
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : -
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : -
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : -
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) (on premium)	Equity Options : -
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : -
Currency Options	Currency Options : NSE Rs 3500 per Cr (0.035%) (on premium)	Currency Options : -
Commodity	Commodity : NA	Commodity : -

Fyers vs INDmoney Other Charges

Fyers Minimum Brokerage is Intra-day: Rs 7 or 2.5% whichever is lower and Call & Trade is Rs 20 per trade . INDmoney and .

	Fyers	INDmoney
Minimum Brokerage	Minimum Brokerage : Intra-day: Rs 7 or 2.5% whichever is lower	Minimum Brokerage : -
Call & Trade	Call & Trade : Rs 20 per trade	Call & Trade : -
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹7 + ₹5.5 (CDSL Charges)	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)	Other Miscellaneous Charges : -

Fyers vs INDmoney Features

Fyers and INDmoney both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Fyers	INDmoney
Trading Platform	Trading Platform : Fyers One (In-house build)	Trading Platform : -
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : -
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : -
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : 1	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

Fyers vs INDmoney Demat Account Charges

A comparative table of various demat account charges between Fyers and INDmoney is below:

	Fyers	INDmoney
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : -
Account Opening Fee	Account Opening Fee : â‚¹0	Account Opening Fee : -
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : -
AMC	AMC : â‚¹0	AMC : -
Dematerialisation Charges	Dematerialisation Charges : â‚¹0	Dematerialisation Charges : -
Rematerialisation Charges	Rematerialisation Charges : â‚¹0	Rematerialisation Charges : -
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : â‚¹7 + â‚¹5.50 flat for every debit transaction	Transaction Charges (debit) : -
Pledge Creation Charges	Pledge Creation Charges : â‚¹0	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : â‚¹0	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : â‚¹0	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : â‚¹0	Failed Instruction Charges : -
Other Charges	Other Charges : Adhoc / Non Periodic Statement Requests: â‚¹0 + courier charges at actuals,Conversion of MF Units / Destatementisation: â‚¹100 per certificate, Modification in Client Master List (CML): â‚¹50,Modification in KRA: â‚¹50,Stamp Charges: â‚¹50	Other Charges : -

Fyers vs INDmoney Basic Details

Fyers Year of Incorporation is 2015 and Total Number of Clients is 200780 and . INDmoney and Total Number of Clients is 838493 and .

	Fyers	INDmoney
Year of Incorporation	Year of Incorporation : 2015	Year of Incorporation : -
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : -
Demat Services	Demat Services : Yes	Demat Services : -
Website	Website : http://fyers.in/	Website : -
Contact Details	Contact Details : 080-46251111	Contact Details : -
Total Number of Clients	Total Number of Clients : 200,780	Total Number of Clients : 838,493
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : -	Products : -

Fyers vs INDmoney Orders

Orders

	Fyers	INDmoney
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Fyers vs INDmoney Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Fyers	INDmoney
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : -
Comparison *	Comparison : No	Comparison : -
Free Tips *	Free Tips : No	Free Tips : -
Daily Market report *	Daily Market report : No	Daily Market report : -
ETF research *	ETF research : No	ETF research : -
Quarterly Results *	Quarterly Results : No	Quarterly Results : -

Fyers vs INDmoney Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Fyers	INDmoney
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.10,000	Investment required for Franchisee / AP : -

Fyers vs INDmoney Product & Services

Fyers and INDmoney both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Fyers	INDmoney
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : -
Margin Trading *	Margin Trading : No	Margin Trading : -
Call N Trade *	Call N Trade : Yes	Call N Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : -
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : Yes	NRI Services : -
SMS Alerts *	SMS Alerts : No	SMS Alerts : -
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : -
IPO Investment *	IPO Investment : Yes	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : -
Market Trading *	Market Trading : Yes	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : -

Fyers vs INDmoney Customer Services

Fyers and INDmoney both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Fyers	INDmoney
Toll Free Number *	Toll Free Number : No	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : No	Branch Offices : -
Customer Care *	Customer Care : Yes	Customer Care : -
Community Service *	Community Service : Yes	Community Service : -
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

Fyers vs INDmoney Other Investement

Fyers and INDmoney both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Fyers	INDmoney
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : No	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : No	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

Fyers vs INDmoney Trading Platform

Fyers and INDmoney both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Fyers	INDmoney
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : Yes	I-Pad App : -
Virtual Trading *	Virtual Trading : No	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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