Fyers Vs Interactive Brokers comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Fyers Vs Interactive Brokers Comparison
Here is a point by point comparison of Fyers Vs Interactive Brokers.
FYERS is a discount broker launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.
Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or Fyers is internet-based, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short term plans of investing or trading and a lot more.
To make things easy for you, we have listed out the comparison between Fyers Vs Interactive Brokers to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding Indian stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Fyers Vs Interactive Brokers for the benefits of other readers? Please feel free to share in the comments below.
Finally, if you would like to get started with stock market trading or investments in general with a trading and demat account, let us assist you in taking the next steps forward: