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Networth Direct Vs Fyers
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Networth Direct 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.
Networth Direct Vs Fyers Comparison
Here is a point by point comparison of Networth Direct Vs Fyers.
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 across mobile, web and desktop.
Networth Direct (earlier called Monarch Networth) is a full-service stockbroker based out of Ahmedabad with a total employee strength of around 650.
The broker is known for a wide range of trading and investment products along with decent research quality. Furthermore, the broker has an offline presence in around 325 locations across different parts of India.
Everything about discount brokers such as Fyers is Online. be it – customer service, trading, account opening etc. Full-service brokers such as Networth Direct 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.
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 Networth Direct and Fyers to help you find which of the two suits your needs better.
The comparison is made on various 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 and which one to go for.
Networth Direct Vs Fyers Compare
 |  | |
| Fyers Review | ||
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1995 | 2015 |
| Number of branches across India | 325 | 1 |
| Exchanges | NSE, BSE, MCX-SX, MCX and NCDEX | BSE, NSE |
| 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 | ₹400 |
| Transaction Charges | Fyers Transaction Charges | |
| BROKERAGE | ||
| Equity Delivery | 0.3% to 0.1% | ₹20 per executed order |
| Intraday Delivery | 0.05% to 0.03% | ₹20 per executed order |
| Equity Futures | 0.05% to 0.03% | ₹20 per executed order |
| Equity Options | ₹60 to ₹25 per lot | ₹20 per executed order |
| Currency Futures | 0.05% to 0.03% | ₹20 per executed order |
| Currency Options | ₹60 to ₹25 per lot | ₹20 per executed order |
| Commodity | 0.05% to 0.03% | NA |
| Brokerage Calculator | Fyers Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 15 times for Intraday, 3 to 5 times for Delivery |
| Equity Futures | Upto 3 times Intraday | Upto 5 times |
| Equity Options | No Leverage | Upto 5 times |
| Currency Futures | Upto 2 times Intraday | Upto 5 times |
| Currency Options | No Leverage | Upto 5 times |
| Commodities | Upto 3 times Intraday | NA |
| 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) | MNCL Mobile, N-Easy, N-Swift | FYERS One, FYERS Markets, FYERS Web Trader |
| Total BSE+NSE Complaints %age | 0.07% | 0.10% |
| 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 Networth Direct 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:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Motilal Oswal Vs Fyers
Overall Rating
