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Comparison

FYERS vs Zerodha

FYERS lands on Depends, and Zerodha lands on Worth it.

FYERS versus Zerodha
CompareFYERSZerodha
VerdictDependsWorth it
Best forActive F&O tradersBeginner Indian investors
Who it's not forBuy-and-hold investors trading twice a yearUS/global investors . India-only accounts; use Interactive Brokers instead
PrivacyActive bug bounty with paid rewards; SEBI fined FYERS ₹4 lakh (2025) for peak-load/DR violations; no public breach found in sources reviewed.⁴SEBI-regulated broker with segregated client funds and Cloudflare WAF; one reported cybersecurity incident and a 2021 platform outage.
Support qualityNo reliable support evidence found2021 glitch drew public investor fury
Public sentimentTraders on Reddit and review sites generally praise FYERS' low costs and trading tools, with mixed opinions versus Zerodha and Dhan.⁵Users praise Zerodha as a cheap, beginner-friendly broker while grumbling about per-order charges and occasional outages.
Biggest gotchaCheaper rates require paid FYERS Prime subscription; standard plan is ₹20/order²A 2021 exchange glitch froze the platform during market hours; plan for downtime risk

Pick FYERS when

  • Active F&O traders
  • Algo and API traders
  • Cost-sensitive frequent traders
  • TradingView-style charting users

When FYERS is not a fit

  • Buy-and-hold investors trading twice a year
  • First-time investors wanting guided onboarding
  • Full-service advisory seekers wanting research calls
  • Mutual fund and SIP-first investors

Pick Zerodha when

  • Beginner Indian investors
  • Cost-conscious active traders
  • DIY long-term investors (ETFs, mutual funds)
  • Intraday and F&O traders

When Zerodha is not a fit

  • US/global investors . India-only accounts; use Interactive Brokers instead
  • Anyone wanting advisory or robo guidance . it is just a broker
  • Uptime-critical day traders . live outages have happened
  • Foreign nationals without Indian PAN/KYC

Sources

  1. FYERS Pricing . Trading Charges & Brokerage Feesfyers.in
    official
  2. FYERS Prime Subscriptionfyers.in
    official
  3. FYERS Homepagefyers.in
    official
  4. SEBI fines broker FYERS Rs 4 lakh . Moneycontrolmoneycontrol.com
    news
  5. Fyers . Verified Reviews from Actual Traders (TradingView)tradingview.com
    review
  6. Fyers Stock Trading, Demat, Brokerage and Reviews (Chittorgarh)chittorgarh.com
    review
  7. Best broker for F&O in 2025? . Redditreddit.com
    review
  8. My Trading Broker Review . Redditreddit.com
    review
  9. FYERS Bug Bounty Programfyers.in
    security
  10. Bug . Refresh Token . Not validating appIdHash (FYERS Community)fyers.in
    security
  11. ₹2.4 lakh critical bug reward . LinkedInlinkedin.com
    security
  12. Trader alleges losses from faulty FYERS system . LinkedInlinkedin.com
    news
  13. FYERS Securities Employee Reviews (AmbitionBox)ambitionbox.com
    review
  14. Zerodha homepagezerodha.com
    official
  15. Zerodha productszerodha.com
    official
  16. Zerodha open accountzerodha.com
    official