Broker comparison

Angel One vs.
FYERS

Which broker fits your needs?

Platforms, products and fees side by side.

Checked on Thu, 5 Nov, 2026

See comparison

Summary

Your goal decides

Both charge ₹20 per options order, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Angel One: Full-service heritage, discount pricing; strong reach beyond the big cities. FYERS: Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.

Full-service heritage, discount pricing; strong reach beyond the big cities.

Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.

At a glance

The key differences

Criterion
PlatformsAngel One App, Angel One Web, SmartAPIFYERS app and web, TradingView on FYERS, FYERS API
Product typesIndian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOsIndian Stocks, F&O, Commodities
Options tradingYes: NSE and BSE index and stock optionsYes: NSE and BSE index and stock options
Fee model₹20 per order (free up to ₹500 in the first 30 days) on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower
Account opening₹0₹0
Demat AMCFree in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free)₹0
RegulationSEBI INZ000161534SEBI INZ000008524
More informationDetailsDetails

Platforms

Angel One

Angel One App, Angel One Web, SmartAPI

FYERS

FYERS app and web, TradingView on FYERS, FYERS API

Product types

Angel One

Indian Stocks, F&O, Commodities, Currency, Mutual Funds, IPOs

FYERS

Indian Stocks, F&O, Commodities

Options trading

Angel One

Yes: NSE and BSE index and stock options

FYERS

Yes: NSE and BSE index and stock options

Fee model

Angel One

₹20 per order (free up to ₹500 in the first 30 days) on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)

FYERS

₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower

Account opening

Angel One

₹0

FYERS

₹0

Demat AMC

Angel One

Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free)

FYERS

₹0

Regulation

Angel One

SEBI INZ000161534

FYERS

SEBI INZ000008524

More information

Angel One

Details

FYERS

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

₹20 per order (free up to ₹500 in the first 30 days) on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)

Options brokerage
₹20 per order (free up to ₹500 in the first 30 days)
Account opening
₹0
Demat AMC
Free in year 1; then ₹60 + GST a quarter (BSDA under ₹4 lakh free)
See terms at provider

₹20 per executed order on options · delivery ₹20 or 0.3%, whichever is lower

Options brokerage
₹20 per executed order
Account opening
₹0
Demat AMC
₹0
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Real costs

What 20 options trades a month cost

Angel One

Brokerage per order
₹20
All charges, 20 round trips
₹1,252
Per year
₹15,027

FYERS

Brokerage per order
₹20
All charges, 20 round trips
₹1,252
Per year
₹15,027

Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

Indian StocksF&OCommoditiesCurrencyMutual FundsIPOs
Indian StocksF&OCommodities

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

Angel One App · Angel One Web · SmartAPI

Option chain showing OI, Greeks and contracts across calls and puts, with a basket mode for adding options straight from the chain. Basket orders across equity, F&O, currency and commodity: up to 50 saved baskets with up to 20 securities each, with margin calculated upfront. SmartAPI, Angel One's trading API, is offered free of charge and includes a margin calculator API, live WebSocket data and historical data. GTT orders can be placed through SmartAPI. GTT orders cannot be placed inside a basket.

Explore platform

FYERS app and web, TradingView on FYERS, FYERS API

Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.

Explore platform

Regulation & security

SEBI INZ000161534

Regulatory information

SEBI INZ000008524

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Full-service heritage, discount pricing; strong reach beyond the big cities.

  • Introductory free-brokerage period
  • Wide branch and partner network
  • Quarterly AMC after the first year
  • Delivery trades are not free

Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.

  • No AMC on the trading and demat account
  • Strategy builder and option chain on its own platform
  • Delivery trades are not free
  • An optional paid Prime membership changes the per-order rate

Your questions

Frequently asked questions

Is Angel One or FYERS cheaper for options trading?
Both charge ₹20 per options order. STT and other statutory charges are the same at every broker; differences are in delivery charges, AMC and tools.
Are Angel One and FYERS regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both Angel One and FYERS?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.

Your next step

Your next step

Discount broker with flat ₹20 options pricing, TradingView charts and its own options tools.

Open account