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Goodwill Commodities Vs Fyers
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Goodwill Commodities Vs Fyers 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.
Goodwill Commodities Vs Fyers Comparison
Here is a point by point comparison of Goodwill Commodities Vs Fyers.
FYERS is a discount broker but 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.
Goodwill Commodities is a chennai based full service stock broker which has an expertise in commodity trading. The broker was established in 2008 and has presence in 27 locations across different cities of India. Goodwill Commodities is known to provide high exposure but has relatively low focus on technology.
Full service brokers such as Goodwill Commodities will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Discount brokers such as Fyers offer trading services at much cheaper brokerage rates and reasonable customer service. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Goodwill Commodities Vs Fyers to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
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 stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Goodwill Commodities Vs Fyers Compare
 |  | |
| Fyers Review | Goodwill Commodities Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service |
| Incorporated In the Year | 2015 | 2008 |
| Number of branches across India | 1 | 27 |
| Exchanges | BSE, NSE | BSE, NSE, MCX, NCDEX, MSEI |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹0 |
| Transaction Charges | Fyers Transaction Charges | Goodwill Commodities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹20 per executed order | 0.5% |
| Intraday Delivery | ₹20 per executed order | 0.1% |
| Equity Futures | ₹20 per executed order | 0.1% |
| Equity Options | ₹20 per executed order | 2.5% on the premium or ₹100 per contract, whichever is higher |
| Currency Futures | ₹20 per executed order | 0.1% |
| Currency Options | ₹20 per executed order | 2.5% on the premium or ₹30 per contract, whichever is higher |
| Commodity | NA | 0.1% |
| Brokerage Calculator | Fyers Brokerage Calculator | Goodwill Commodities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 15 times for Intraday, 3 to 5 times for Delivery | Upto 5 times Intraday, Upto 2 times delivery |
| Equity Futures | Upto 5 times | Upto 3 times for Intraday |
| Equity Options | Upto 5 times | No Leverage |
| Currency Futures | Upto 5 times | Upto 2 times for Intraday |
| Currency Options | Upto 5 times | No Leverage |
| Commodities | NA | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FYERS One, FYERS Markets, FYERS Web Trader | ODIN Diet, NEST, iWin Mobile App, Goodwill Web Trading app |
| Complaints percentage | 0.13% | 0.15% |
| OVERALL RATING |  |  |
*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.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
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 Goodwill Commodities Vs Fyers 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:
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A Digital Blogger
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Goodwill Commodities Vs Fyers
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