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Fyers vs Market Wolf (Compare Fyers and Market Wolf)

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 Market Wolf, Below comparison of Fyers vs Market Wolf 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 Market Wolf is given below:

Fyers

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Market Wolf

	Fyers	Market Wolf

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

Market Wolf :

"Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market and can open Trading & Demat Account with Zero Account openi >>> more

Find More Information about the Broker :

Fyers :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Market Wolf :

OVERVIEW BROKERAGE

Type of Broker

Fyers :

Discount Broker

Market Wolf :

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.

Market Wolf :

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

Market Wolf :

✔ What MarketWolf Does Well

✓	₹19/order — ₹1 cheaper than the ₹20 industry standard
✓	₹0 AMC lifetime — no annual maintenance charges ever
✓	Free daily Trade Ideas from SEBI RA-registered team — stocks, indices, commodities
✓	MCX mini options (Gold, Silver, Crude, Natural Gas) till 11:55 PM
✓	$17.4M VC-backed (Jungle Ventures + Dream Sports) — rare institutional credibility for a small broker
✓	Beginner-first UX — clean, mobile-first, no complexity
✓	Low minimum trade: ₹50 commodity/currency, ₹100 indices, ₹900 stocks
✓	Smart Stop Loss, Follow Trend (high momentum stocks), trailing stop loss
✓	24/7 in-app support via chat and phone
✓	NRI accounts available

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

Market Wolf :

✘ Where MarketWolf Falls Short

✗	₹99 account opening — most major brokers offer free account opening
✗	Mobile-only — no desktop terminal, no web platform for serious traders
✗	Very small team (~11 employees) vs 1.9M+ users — support scalability concern
✗	Call & Trade ₹100 per trade — highest among all reviewed brokers
✗	Limited product range — no MF investing, no IPO, no bonds
✗	Revenue declining — CAGR -28% in last year (Tracxn FY24 data)
✗	No GTT orders, no advanced order types for power users
✗	Pricing model changed twice — from 10% profit share to flat ₹19 — history of pricing instability
✗	No 3-in-1 account, no margin trading funding (MTF)
✗	Only highly liquid stocks available — limited stock universe

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.

Market Wolf :

Market Wolf is an excellent platform for the newbie trader who is still learning to understand the market with zero trading account opening and nil annual maintenance charges.
Market Wolf offers real-time free practice trading sessions to all traders to ensure understanding of the trading mechanism before starting market trading.
Market Wolf is developed with a risk management system offering a unique profit and stop-loss segment, helping manage the trading risks ensuring the trader never loses more than the percentage set in on a trade.
Market Wolf charged brokerage only when the trader made a profit. Zero brokerage on losing the trade.
Market Wolf offers minimum trading of INR 50 for Commodity and Currency trading, INR 100 for Indices trading, and INR 900 for stock trading.
Market Wolf Android mobile application is developed with robust technology and a user-friendly interface, making it easier for beginners to understand trading quickly.
Market Wolf e-KYC is power-packed with Legality, a digital execution of highly sensitive agreements.
Market Wolf offers 24/7 customer care to all users via an in-app help center.

Open Account

Fyers vs Market Wolf Account Opening & AMC Charges

Fyers Trading Account Opening Fee is Rs 0 (Free) and Market Wolf Trading Account Opening Fee is ₹0 (Free) . Fyers Demat Account AMC is Rs 0 (Free) and Market Wolf Demat Account AMC is ₹0 (Free) .

	Fyers	Market Wolf
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : ₹0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0 (Free)	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : Rs 0 (Free)	Demat Account AMC : ₹0 (Free)
Trading Account AMC	Trading Account AMC : Rs 0 (Free)	Trading Account AMC : ₹0 (Free)

Fyers vs Market Wolf 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 . Market Wolf Brokerage Charges Equity Delivery is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Intraday is ₹0 brokerage if loss | 10% of GP(Profitable Trade) and Equity Options is ₹0 brokerage if loss | 10% of GP(Profitable Trade) .

	Fyers	Market Wolf
Plan Name	Plan Name : Fyers	Plan Name : Market Wolf default Brokerage Plan
Equity Delivery	Equity Delivery : Rs 0 (Free)	Equity Delivery : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Intraday	Equity Intraday : Rs 20 per executed order or .03% whichever is lower	Equity Intraday : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Future	Equity Future : Rs 20 per executed order or .03% whichever is lower	Equity Future : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Equity Options	Equity Options : Rs 20 per executed order	Equity Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Currency Futures	Currency Futures : Rs 20 per executed order or .03% whichever is lower	Currency Futures : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Currency Options	Currency Options : Rs 20 per executed order	Currency Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Monthly Fee	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : NA
Commodity Futures	Commodity Futures : Rs 20 per executed order or .03% whichever is lower	Commodity Futures : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)
Commodity Options	Commodity Options : Rs 20 per executed order	Commodity Options : ₹0 brokerage if loss \| 10% of GP(Profitable Trade)

Fyers vs Market Wolf 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) . Market Wolf Exchange Transaction Charges Equity Future is NSE: 0.0019% and Equity Options is Rs 5000 per Cr (0.05%) (on premium) .

	Fyers	Market Wolf
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : NSE: 0.00325%
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : NSE: 0.00325%
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : NSE: 0.0019%
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) (on premium)	Equity Options : Rs 5000 per Cr (0.05%) (on premium)
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : NSE: 0.0009% + Investor protection fund (0.037%)
Currency Options	Currency Options : NSE Rs 3500 per Cr (0.035%) (on premium)	Currency Options : Rs 4000 per Cr (0.04%) (on premium)
Commodity	Commodity : NA	Commodity : Rs 260 per Cr (0.0026%)

Fyers vs Market Wolf Other Charges

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

	Fyers	Market Wolf
Minimum Brokerage	Minimum Brokerage : Intra-day: Rs 7 or 2.5% whichever is lower	Minimum Brokerage : NA
Call & Trade	Call & Trade : Rs 20 per trade	Call & Trade : NA
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 Market Wolf Features

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

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

Fyers vs Market Wolf Demat Account Charges

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

	Fyers	Market Wolf
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : â‚¹0	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : ₹0
AMC	AMC : â‚¹0	AMC : ₹0 (Free)
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 Market Wolf Basic Details

Fyers Year of Incorporation is 2015 and Total Number of Clients is 200780 and . Market Wolf Year of Incorporation is 2017 and Total Number of Clients is 201948 and Total Number of Branches is NA .

	Fyers	Market Wolf
Year of Incorporation	Year of Incorporation : 2015	Year of Incorporation : 2017
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE and MCX
Demat Services	Demat Services : Yes	Demat Services : CDSL
Website	Website : http://fyers.in/	Website : https://marketwolf.com/
Contact Details	Contact Details : 080-46251111	Contact Details : +91 8591308916
Total Number of Clients	Total Number of Clients : 200,780	Total Number of Clients : 201,948
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : NA
Products *	Products : -	Products : Equity, Commodity, Currency, IPO

Fyers vs Market Wolf Orders

Orders

	Fyers	Market Wolf
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 Market Wolf Research and Advice / Trading Tips

Research and Advice / Trading Tips

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

Fyers vs Market Wolf Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Fyers	Market Wolf
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : NA
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.10,000	Investment required for Franchisee / AP : NA

Fyers vs Market Wolf Product & Services

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

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

Fyers vs Market Wolf Customer Services

Fyers and Market Wolf 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	Market Wolf
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : Yes
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : No
Customer Care *	Customer Care : Yes	Customer Care : Info Not Available
Community Service *	Community Service : Yes	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : Yes

Fyers vs Market Wolf Other Investement

Fyers and Market Wolf 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	Market Wolf
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : No	Investment in ETFs : No
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Fyers vs Market Wolf Trading Platform

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

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