Zerodha is an online platform and discount broker offering investment services in stocks, derivatives, mutual funds, ETFs, bonds, and more. It is one of India’s largest brokers with over 1.6 crore customers with ₹6 lakh crores of equity investments. This makes Zerodha contribute to 15% of daily retail exchange volumes in India.
Fyers Securities is a tech-driven discount broker that focuses heavily on advanced trading platforms. Fyers is well-known for its visually rich charting and analytics tools. The trading and investment segments offered by Fyers are equity, F&O, currency derivatives, commodities, direct mutual funds, and thematic investing.
Here is a detailed comparison of Zerodha vs Fyers in 2026, highlighting which broker shines in different areas. Before that, have a detailed broker review of Zerodha.
Brokerage Charges and Fees: Zerodha vs Fyers
| Fees | Zerodha | Fyers |
|---|---|---|
| Equity | Delivery – ₹0 Intraday – 0.03% or ₹20 per executed order, whichever is lower | Delivery & intraday – ₹20 or 0.03% per executed order whichever is lower |
| Futures | Equity, currency & commodity futures – 0.03% or ₹20 per executed order, whichever is lower F&O options – ₹20 per executed order | ₹20 or 0.03% per executed order for whichever is lower |
| Options | Equity, currency & commodity futures – ₹20 per executed order | ₹20 or 0.03% per executed order for whichever is lower |
| Mutual funds & IPO | Free | Free |
| Account opening | Online – free Offline – free NRI account – ₹500 Partnership, LLP, HUF, or corporate accounts – ₹500 | Free |
| Annual Maintenance Charge (AMC) | Up to ₹4 lakh – free ₹4 lakh to ₹10 lakh – ₹100 per year Above ₹10 lakh – ₹300 per year | ₹0 |
If you hold stocks long-term, Fyers may be appealing due to its zero AMC, potentially saving ₹300 per year. However, Zerodha wins on delivery trades, offering completely zero brokerage.
Trading Platforms & Tools Comparison
| Platforms | Zerodha | Fyers |
|---|---|---|
| Trading platforms & tools |
Which Broker is Best for You in 2026?
Deciding which broker is best for you in 2026 depends on numerous factors. While Zerodha wins for stability, ecosystem breadth, and ease of use, Fyers stands out for advanced charting, customization, and innovation.
Trading platforms
Users of Fyers, needing deep technical analysis, enjoy full TradingView integration and advanced drawing tools. They also appreciate features like drag-and-drop SL/targets and watchlists of Fyers. Zerodha’s UI of Kite is clean and uncluttered, making it easy for long-term investors.
Pricing
Fyers has the same brokerage as Zerodha’s, yet it offers free AMC compared to Zerodha’s ₹300 per year charges. Fyer’s free AMC is a financial edge for long-term investors.
Advanced features
Zerodha’s ecosystem includes tools like smallcase, sensibull, Coin, Sleek interface, Baskets, and Varsity. Fyers features like Fyers One, API for algo trading, Scalper terminal, and MTF showcase innovation.
Suitability
Long-term investors who value platform reliability and ecosystem integration appreciate Zerodha. Intraday or technical traders prefer Fyers for its chart-based analytical features and free AMC.
Conclusion
Zerodha is safer for beginners and long-term investors due to its stability and support. However, Fyers offers better tools for active traders who depend on advanced charting.
When it comes to charges, Zerodha remains a clear winner for pure cost savings on delivery trading. Yet if you look to eliminate AMC and enjoy a feature-rich trading interface, Fyers can be a compelling alternative.
Pro tip
Brokerage is almost the same in most segments, yet the decision comes down to platform features and extra costs. Our broker finder tool helps you get the right one from our best brokers. If you want to reduce the potential risk of loss, consider investment assets like stocks, forex, crypto, banking, investing, etc.
FAQs
1. How much brokerage does Zerodha charge?
Zerodha charges 0.03% or ₹20 per executed order, whichever is lower, for equity intraday trading and is free for equity delivery.
2. What is Fyers’ account opening fee in 2026?
Fyers does not charge anything for opening an account in 2026.
3. How many clients does Zerodha have in 2026?
Zerodha has a client base of 1.6 crore with ₹6 lakh crores of equity investments.
4. What is the margin offered by Fyers?
Fyers do provide a margin of 10 to 15 times on more than 250 liquid stocks based on market conditions.
5. What are the account closure charges in Zerodha?
Zerodha does not charge for closure of your account.
6. How long does it take to open a Fyers account?
After submitting all the required documents, your account goes through a quick verification process, and from there, Fyers typically takes 5 to 6 working hours to activate your account.
7. What are the latest updates in Zerodha Kite app?
As of July 2026, Zerodha updated the Kite app in the following ways:
- Redesign of MarketWatch on the Kite web to give more control and flexibility
- Placing orders directly from TradingView charts on the Kite web
- Tracking your portfolio performance on Console
- AI integration that helps to get quick insights for your investments and positions using the Model Context Protocol (MCP)
- Mobile app updates such as market protection orders, order slicing, mutual fund tracking, and more
- Reduced API pricing with a new free tier for certain services
- MTF enhancements with higher limits and more eligible stocks
- Collateral margin updates for options trading
8. Can I use Zerodha and Fyers at the same time?
Yes, as an individual, you can open an account with each broker and use them for your trading needs.
9. Is Fyers SEBI registered and safe?
Yes, Fyers is registered with SEBI, and it is a safe platform for investing.
10. Does Zerodha offer lifetime free AMC?
No, Zerodha offers lifetime free AMC only up to ₹4 lakh investment. Above that, charges apply.
11. Is Fyers better for options trading than Zerodha?
For options trading, both Zerodha and Fyers have the same brokerage of ₹20 per order.
12. Can I switch from Zerodha to Fyers easily?
Yes, you can switch from Zerodha to Fyers fairly easily when you completely close your Zerodha account and move everything to Fyers.
