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Achiievers Equities vs. Fyers

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are Achiievers Equities and Fyers. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Achiievers Equities and Fyers.


Overview

Achiievers Equities are Fyers both private companies and both are discount brokers as well. Suman Chakrvarty co-founded Achiievers Equities in 1999. And Fyers was founded in the year 2015 by Tejas Khoday, Shreyas Khodey & Yashas Khodey. Achiievers Equities's headquarters are in Kolkata, West Bengal and Fyers's headquarters are in Bangalore, Karnataka.

Discount brokers, as the name implies, execute buy/sell orders for a lesser commission rate. They usually impose a flat brokerage fee. Investors can save a significant amount of money if they do not use a full-service broker. Achiievers Equities is registered in NSE, BSE and MCX, while Fyers is registered in NSE, MCX. The total branches of Achiievers Equities are 1 and the Fyers branches are 0.

OverviewAchiievers EquitiesFyers
Broker TypeDiscount BrokerDiscount Broker
Type of companyPrivatePrivate
HeadquarterKolkata, West BengalBangalore, Karnataka
FoundersSuman ChakrvartyTejas Khoday, Shreyas Khodey & Yashas Khodey
Foundation Year19992015
Supported ExchangesNSE, BSE and MCXNSE, MCX
Total branches10

Achiievers Equities and Fyers Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with Achiievers Equities charging Rs.750 and Fyers charging Free.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Achiievers Equities Demat account is Free and for the Fyers Demat account is Free for 1st year & Rs.300. The Trading AMC for Achiievers Equities and Fyers is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Achiievers Equities and Fyers is CDSL.

Account Opening and Demat ChargesAchiievers EquitiesFyers
Trading Account Opening ChargesRs.750Free
Demat AMC (Annual Maintenance Charges)FreeFree for 1st year & Rs.300
Trading AMC (Annual Maintenance Charges)FreeFree
Margin MoneyZero MarginZero Margin
Offline to Online ChargesYesYes
DepositoryCDSL & NSDLCDSL & NSDL

Achiievers Equities and Fyers Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Achiievers Equities is Rs.15 per executed order, while Fyers charges you Free.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Achiievers Equities is Rs.15 per executed order and for Fyers also, it is 0.01% or Rs.20 per Executed order.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Achiievers Equities charge Rs.15 per executed order and Fyers charge 0.01% or Rs.20 per Executed order for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Achiievers Equities charges Rs.15 per executed order, and Fyers charges Rs.20 per executed order.

Equity Brokerage ChargesAchiievers EquitiesFyers
Equity Delivery BrokerageRs.15 per executed orderFree
Equity Intraday BrokerageRs.15 per executed order0.01% or Rs.20 per Executed order
Equity Futures BrokerageRs.15 per executed order0.01% or Rs.20 per Executed order
Equity Options BrokerageRs.15 per executed orderRs.20 per executed order

Achiievers Equities and Fyers Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Achiievers Equities is Rs.15 per executed order and for Fyers is 0.01% or Rs.20 per Executed order.

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Achiievers Equities charges Rs.15 per executed order for currency options, whereas Achiievers Equities charges Rs.20 per executed order.

Currency Brokerage ChargesAchiievers EquitiesFyers
Currency Futures BrokerageRs.15 per executed order0.01% or Rs.20 per Executed order
Currency Options BrokerageRs.15 per executed orderRs.20 per executed order

Achiievers Equities and Fyers Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Achiievers Equities charges Rs.15 per executed order for commodity trading, while Fyers charges 0.01% or Rs.20 per Executed order.

Commodity Brokerage ChargesAchiievers EquitiesFyers
Commodity Options BrokerageRs.15 per executed order0.01% or Rs.20 per Executed order

Achiievers Equities and Fyers Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Achiievers Equities levies a minimum brokerage fee of Rs.15, while Fyers charges Rs.20 per executed order brokerage fee.

Transaction Brokerage Charges: Achiievers Equities levies a transaction brokerage charge of 0.00280% of Total Turnover, while Fyers charges 0.00275% of Total Turnover.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Achiievers Equities is 0.0002% of Total Turnover and for Achiievers Equities is 0.0002% of Total Turnover.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for Achiievers Equities are 0.0115% of Total Turnover, while for Fyers, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Achiievers Equities charges Rs 20 per trade and Fyers charges Rs 20 per trade.

Other Brokerage ChargesAchiievers EquitiesFyers
Minimum Brokerage ChargesRs.15Rs.20 per executed order
Transaction Brokerage Charges0.00280% of Total Turnover0.00275% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0115% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesRs 20 per tradeRs 20 per trade

Achiievers Equities and Fyers Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by Achiievers Equities is up to Upto 2x and by Fyers it is up to Upto 2x.

Equity Intraday: Leverage for equity intraday by Achiievers Equities is up to Upto 5x and by Fyers it is up to Upto 5x.

Equity Futures: Leverage for Equity Futures by Achiievers Equities is up to Upto 3x and by Fyers it is up to Upto 4x.

Equity Options: Leverage for Equity Options by Achiievers Equities is up to Upto 3x and by Fyers also, it is up to Upto 5x.

Equity LeverageAchiievers EquitiesFyers
Equity DeliveryUpto 2xUpto 2x
Equity IntradayUpto 5xUpto 5x
Equity FuturesUpto 3xUpto 4x
Equity OptionsUpto 3xUpto 5x

Achiievers Equities and Fyers Currency Leverage

The currency futures leverage provided by Achiievers Equities is up to Upto 2x, while for Fyers it is up to Upto 3x.

The currency options leverage provided by Achiievers Equities is up to Upto 2x, while for Fyers it is up to Upto 3x.

Currency LeverageAchiievers EquitiesFyers
Currency FuturesUpto 2xUpto 3x
Currency OptionsUpto 2xUpto 3x

Achiievers Equities and Fyers Commodity Leverage

The commodity leverage provided by Achiievers Equities is up to Upto 2x, while for Fyers it is up to Upto 3x.

Commodity LeverageAchiievers EquitiesFyers
CommodityUpto 2xUpto 3x

Achiievers Equities and Fyers Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

OffersAchiievers EquitiesFyers
Free Stock Trading AccountYesYes
Free Demat AccountNoYes
Flexible PlansYesNo
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersYesNo
Referral ProgramYesNo
Zero Brokerage on Loss TradesNoNo

Achiievers Equities and Fyers Features

Equity Trading: Achiievers Equities and Fyers brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: Achiievers Equities and Fyers also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Achiievers Equities and Fyers broker is that you can also invest in IPOs. Achiievers Equities also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Achiievers Equities offers trading exposure of up to Upto 5x, while Fyers gives up to Upto 5x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Achiievers Equities and Fyers, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Achiievers Equities and Fyers also allow you to trade in forex trading.

FeaturesAchiievers EquitiesFyers
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)NoNo
Trading InstitutionNoNo
Trading ExposureUpto 5xUpto 5x
Mutual FundsYesYes
SIP (Systematic Investment Plan)YesYes
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

Achiievers Equities and Fyers Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Achiievers Equities and Fyers offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory ServicesAchiievers EquitiesFyers
Fundamental ReportsYesNo
Research ReportsNoNo
Company ReportsNoNo
Annual ReportsNoNo
Company Stock ReviewNoNo
Free Stock TipsYesYes
IPO ReportsNoNo
Top PicksYesNo
Daily Market ReviewYesNo
Monthly ReportsYesNo
Weekly reportsYesNo
Offline AdvisoryNoNo
Relationship ManagerNoNo

Achiievers Equities and Fyers Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Achiievers Equities and Fyers offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading PlatformsAchiievers EquitiesFyers
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

Achiievers Equities and Fyers Mobile Trading Platforms

Achiievers Equities and Fyers offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsAchiievers EquitiesFyers
Mobile BrowserNoYes
Android AppNoYes
iOS AppNoYes
Windows AppNoNo
Other mobile osNoNo

Achiievers Equities and Fyers Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Achiievers Equities and Fyers give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support FeaturesAchiievers EquitiesFyers
Relationship ManagerNoNo
Offline TradingNoNo
Online TradingYesYes
24 * 7 SupportNoNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches0No Branch

Achiievers Equities and Fyers Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Achiievers Equities and Fyers registered and resolved complaints.

For Achiievers Equities, the Percentage of resolved BSE complaints is 88.89 % and the Percentage of resolved NSE complaints is 88.00 %.

For Fyers, the Percentage of resolved BSE complaints is 88.89 % and the Percentage of resolved NSE complaints is 90.63 %.

We can say that Achiievers Equities is better than Fyers in case of resolving customer complaints.

BSE ComplaintsAchiievers EquitiesFyers
BSE Complaints1845
BSE Resolved Complaints1640
Percentage of resolved BSE complaints88.89 %88.89 %
NSE Complaints2564
NSE Resolved Complaints2258
Percentage of resolved NSE complaints88.00 %90.63 %
BSE/NSE Complaint vs. Resolved Percentage88.44 %89.76 %

Frequently Asked Questions


  1. Is Achiievers Equities better than Fyers?

    Achiievers Equities and Fyers are at the top among the best discount brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Fyers better than Achiievers Equities?

    Both Fyers and Achiievers Equities are discount brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.

  3. Which is cheaper between Achiievers Equities and Fyers?

    The brokerage charges for Achiievers Equities and Fyers are on the cheaper side because they both are discount brokers. . In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.

  4. Which is better, Achiievers Equities and Fyers?

    To figure out which of the two stockbrokers, Achiievers Equities and Fyers, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Achiievers Equities with other stock brokers

Visit the following pages to see a detailed comparision report of Achiievers Equities with other brokerage firms.


Compare Fyers with other stock brokers

Visit the following pages to see a detailed comparision report of Fyers with other brokerage firms.