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Shriram Insight Vs Fyers
| | Broker Comparison, Trading | No Comments
Shriram Insight 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.
Shriram Insight Vs Fyers Comparison
Here is a point by point comparison of Shriram Insight Vs Fyers.
FYERS is also 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.
Shriram Insight is a full-service stockbroker with a presence in around 700 different locations across India. The broker provides free account opening with reasonable brokerage rates but the quality of its service and research can be improved.
Discount brokers such as Fyers offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full-service brokers such as Shriram Insight 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 Shriram Insight 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.
Shriram Insight Vs Fyers Compare
 |  | |
| Shriram Insight Review | Fyers Review | |
| OVERVIEW | ||
| Broker Type | Full Service Stock Broker | Discount Broker |
| Incorporated In the Year | 1974 | 2015 |
| Number of branches across India | 700 | 1 |
| Exchanges | NSE, BSE, MCX, RCL | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹290 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹400 |
| Transaction Charges | Shriram Insights Transaction Charges | Fyers Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | ₹20 per executed order |
| Intraday Delivery | 0.03% | ₹20 per executed order |
| Equity Futures | 0.03% | ₹20 per executed order |
| Equity Options | ₹50 per contract | ₹20 per executed order |
| Currency Futures | 0.03% | ₹20 per executed order |
| Currency Options | ₹50 per contract | ₹20 per executed order |
| Commodity | 0.03% | NA |
| Brokerage Calculator | Shriram Insight Brokerage Calculator | Fyers Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 2 times | Upto 15 times for Intraday, 3 to 5 times for Delivery |
| Equity Futures | Same as margin | Upto 5 times |
| Equity Options | Same as margin | Upto 5 times |
| Currency Futures | Same as margin | Upto 5 times |
| Currency Options | Same as margin | Upto 5 times |
| Commodities | Same as margin | 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) | NetPro Desktop, NetPro Browser, Mobile App | FYERS One, FYERS Markets, FYERS Web Trader |
| Total BSE+NSE Complaints Percentage | 0.05% | 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 Shriram Insight 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
Shriram Insight Vs Fyers
Overall Rating
