What is Fyers?

Fyers is a platform that is made particularly for those investors who want to trade on instruments like stocks, commodities, and derivatives. It was made in 2015 as a broker app. It was founded by Tejas Khoday and its headquarters are situated in Bangalore, India.

This app is user-friendly and comes with advanced tools that help traders in a profitable way. Some of its key features are low brokerage fees, advanced charting tools, real-time market data, and customizable trading platforms, which is why it's highly demanded by its frequent users. This app provides traders with educational resources and analysis tools to help them make profitable investment decisions. Fyers are in demand because of the competitive pricing too, because, as we know, there is very high competition between all the broker apps.

What is Zerodha?

Zerodha is one of the most prominent brokerage firms. It was founded in 2010 by Nithin Kamath and Nikhil Kamath. They founded Zerodha while keeping the revolution in stock trading alive, and because of this mindset, they became the owners of one of the most successful and prominent brokerage firms.

Fyers vs Zerodha

Zerodha and Fyers are both very popular apps that are known for their features and offerings, which bring their differences into the spotlight. Comparison between both of these brokerage apps:

Fyers and Zerodha: Brokerage Fees: Zerodha and Fyers are both very well known for their competitive brokerage fees. On the one hand, Zerodha introduced the zero brokerage fees concept, and on the other hand, Fyers has a flat brokerage fees concept. That's why we can say that these two apps have lower brokerage fees compared to the other traditional full-service brokerages.

Trading Platforms: As a platform, Zerodha provides traders with Zerodha Kite, an easy and friendly trading platform. Fyers, on the other hand, provides its users with Fyers One, and it has advanced charting tools and customization options that make it even easier to use and more proficient for the users to use it. In the end, it will depend on the individual preferences whether someone will use Zerodha or Fyers for broking.

Technology and Innovation: Zerodha has been at the forefront of making innovative changes and introducing them to the Indian brokerage industry. Coin (a direct mutual fund platform) and Kite Connect (an API platform for developers), whereas Fyers also introduced its users to technological advancements, providing traders with advanced charting and analysis tools.

Customer Support:  Zerodha has an extensive user base, which makes it very hard for them to provide support to all of their customers, which ends up in negative feedback. On the other hand, Fyers doesn't have such a large user base in comparison to Zerodha, which ends up in positive feedback.

Additional Features: Zerodha offers a very wide range of additional features like mutual fund investments, bonds, commodity trading, and more, and on the other hand, Fyers introduced equity and derivative trading to their users, so over time, both of the broker apps have introduced new additional features to their users. It's essential to keep in mind that both of these apps have their own strengths and weaknesses, which makes them preferred by a particular audience, so before starting to use any of these apps, you should do research and see reviews on your own and choose any one of them based on your needs.

Fyers refer and earn

Refer and Earn is a program that lets existing customers of an app invite new customers to the specific app that the existing customer is using at that particular time. And suppose you are an existing customer of Fyers. In that case, you can refer and earn with the help of their refer and earn webpage, in which you just need to paste a link that you will be able to get after you successfully add a new customer to their app, and that's how you will be able to refer and earn on Fyers.

Fyers mutual fund                  

On the exclusive platform of Fyers, you can invest in Direct Mutual funds, and most importantly, you are going to get it at zero commission. Your investment can be in lump sums or a systematic investment plan (SIP). The procedure to buy a mutual fund is given below:

⦁ To access Fyers Direct, simply log in (If you're already logged into FYERS Web, you'll be automatically logged in)

⦁ Discover a variety of mutual funds by navigating to the 'Explore' option.

⦁ Choose the mutual fund you desire to purchase and click on it.

⦁ Opt for 'Lumpsum' for a one-time investment or 'Start SIP' to invest a fixed amount at regular intervals.

⦁ After entering the necessary information such as amount, frequency (for SIP), and bank (for SIP), proceed to place your order.

Fyers brokerage calculator

Fyers brokerage calculator is a very useful tool with the help of which you are able to get an estimate of the number of brokerage charges that are related to trading on the platform of Fyers, and it also provides you with the benefits of analysis tools that help you understand the market even more deeply with the essential tools provided by Fyers.
All the charges for the brokerage calculator are given below:

Fyers Tradingview                                 

It's a tool that is provided by Fyers, because of which most professional traders see Fyers as a better option than Zerodha because of the tools that are provided by Fyers, which gives it a little more edge in comparison with other brokerage apps. Tradingview is a very important aspect of the Fyers brokerage app because it makes Fyers one of a kind. If you want to make a comparison, then you can do it and find out for yourself that Fyers is one of its kind because no other app provides a trading view or chart facility in their brokerage apps.

Conclusion

It all depends on the individual needs and preferences according to which a person will decide whether he or she should use Fyers or Zerodha because, on the one hand, Zerodha provides its users with simple functions while charging zero rupees for them, and on the other hand, Fyers charges a flat fee while providing its users with advanced tools like trading charts with the help of which you can trade on the chart, which is a very advanced service that no other brokerage app is giving to its users. That's why it all depends on the user whether that person likes simple functions or advanced functions with additional services.