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HomeStock BrokerFyers vs ICICIdirect

Fyers vs ICICIdirect

Side-by-side view of features, pricing context, and platform fit.

Fyers

Fyers

Active Clients: 2,00,780

Established in 2015, Fyers Securities is a Bangalore-based online discount stock brokerage firm. Fyers facilitates trading in Equity Cash, F&O, and Currency Derivatives segments. The term FYERS stands for "Focus Your ...

ICICIdirect

ICICIdirect

Active Clients: 20,45,086

ICICIdirect is a prominent retail stock broker in India, operating as part of the ICICI Group, and provides online trading and investment services spanning equity, derivatives, IPO, mutual funds, fixed deposits, bonds...

Side-by-Side Compare Table

CategoryFyersICICIdirect
Basic Details
  • •Broker Type: Discount broker
  • •Founded: 2015
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
Charges & AMC
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0 (lifetime as stated)
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
Brokerage
  • •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
Other Charges
  • •Call and Trade: additional charge (referenced as Rs 50/order)
  • •Admin square-off charges may apply for auto close positions.
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
Leverage (Margin)
  • •Margin products include MTF offerings in promotional messaging.
  • •Practical leverage and margin depend on segment, risk, and exchange norms.
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.
Features
  • •In-house built trading stack.
  • •Insta Options for strategy building and payoff analysis.
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
Trading Platforms
  • •Fyers App (mobile)
  • •Fyers Web
  • •ICICIdirect.com website
  • •ICICIdirect mobile app
Reviews & Ratings
  • •Marketed as a low-brokerage technology-first platform.
  • •In this source extract, a single numeric overall rating is not prominently presented.
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.
Investment Options
  • •Equity cash
  • •F&O
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
Order Types Offered
  • •Standard equity and derivatives order types
  • •Intraday and delivery order handling
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
Suitable For (Investor Type)
  • •Active traders focused on low brokerage and platform tools.
  • •Users who prefer in-house charting and options strategy interfaces.
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
Pros and Cons
  • •Pros:
  • •Very competitive flat-fee structure.
  • •Pros:
  • •Robust integrated banking-broking setup.

Detailed Comparison

Basic Details

FyersICICIdirect
  • •Broker Type: Discount broker
  • •Founded: 2015
  • •SEBI Registration: INZ000008524
  • •NSE Member Code: 90061
  • •Net Worth: Rs 175.61 Cr
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
  • •SEBI Registration: INZ000183631
  • •NSE Member Code: 07730
  • •Net Worth: Rs 4581.84 Cr

Charges & AMC

FyersICICIdirect
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0 (lifetime as stated)
  • •Demat AMC: Rs 0 (lifetime as stated)
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
  • •Demat debit charge and call-and-trade charges apply

Brokerage

FyersICICIdirect
  • •Equity Delivery: Rs 20 or 0.03% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.03% (whichever is lower)
  • •Futures: Rs 20 or 0.03% (whichever is lower)
  • •Options: Flat Rs 20 per executed order
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
  • •MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.

Other Charges

FyersICICIdirect
  • •Call and Trade: additional charge (referenced as Rs 50/order)
  • •Admin square-off charges may apply for auto close positions.
  • •Usual statutory charges apply across segments.
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
  • •Standard statutory charges apply separately.

Leverage (Margin)

FyersICICIdirect
  • •Margin products include MTF offerings in promotional messaging.
  • •Practical leverage and margin depend on segment, risk, and exchange norms.
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.

Features

FyersICICIdirect
  • •In-house built trading stack.
  • •Insta Options for strategy building and payoff analysis.
  • •Low-cost fixed brokerage proposition.
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
  • •Research and multi-product investing workflows.

Trading Platforms

FyersICICIdirect
  • •Fyers App (mobile)
  • •Fyers Web
  • •Fyers One desktop terminal
  • •ICICIdirect.com website
  • •ICICIdirect mobile app

Reviews & Ratings

FyersICICIdirect
  • •Marketed as a low-brokerage technology-first platform.
  • •In this source extract, a single numeric overall rating is not prominently presented.
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.

Investment Options

FyersICICIdirect
  • •Equity cash
  • •F&O
  • •Currency derivatives
  • •Mutual funds (direct)
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
  • •Commodities
  • •Insurance and other wealth products

Order Types Offered

FyersICICIdirect
  • •Standard equity and derivatives order types
  • •Intraday and delivery order handling
  • •Option strategy workflow through Insta Options tools
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
  • •Delivery, intraday, and derivatives order flows

Suitable For (Investor Type)

FyersICICIdirect
  • •Active traders focused on low brokerage and platform tools.
  • •Users who prefer in-house charting and options strategy interfaces.
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
  • •ICICI ecosystem customers who value seamless account linkage.

Pros and Cons

FyersICICIdirect
  • •Pros:
  • •Very competitive flat-fee structure.
  • •Lifetime-free account opening and AMC in listed plan context.
  • •Strong options/trader-focused tooling.
  • •Cons:
  • •Assisted channels (call and trade/admin square-off) add extra charges.
  • •Product breadth is narrower than some full-service bank-backed brokers.
  • •Pros:
  • •Robust integrated banking-broking setup.
  • •Broad product basket and research availability.
  • •Strong brand and support infrastructure.
  • •Cons:
  • •Brokerage can be high versus discount peers without optimized plan selection.
  • •Charges and plan structure can feel complex for new users.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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