Top Stock Advisory
Systematix Shares 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 Systematix Shares and Fyers. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Systematix Shares and Fyers.
Overview
Systematix Shares is public company and Fyers is private company. Systematix Shares operates as a full service Broker, while Fyers functions as a discount broker. Chandra Prakash Khandelwal co-founded Systematix Shares in 2003. And Fyers was founded in the year 2015 by Tejas Khoday, Shreyas Khodey & Yashas Khodey. Systematix Shares's headquarters are in Mumbai, Maharashtra and Fyers's headquarters are in Bangalore, Karnataka.
Systematix Shares operates as a full service Broker, while Fyers functions as a discount broker. Systematix Shares is registered in NA, while Fyers is registered in NSE, MCX. The total branches of Systematix Shares are Nil and the Fyers branches are 0.
| Overview | Systematix Shares | Fyers |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Public | Private |
| Headquarter | Mumbai, Maharashtra | Bangalore, Karnataka |
| Founders | Chandra Prakash Khandelwal | Tejas Khoday, Shreyas Khodey & Yashas Khodey |
| Foundation Year | 2003 | 2015 |
| Supported Exchanges | NA | NSE, MCX |
| Total branches | Nil | 0 |
Systematix Shares 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 Systematix Shares charging Rs.250 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 Systematix Shares Demat account is Rs.250 per Annum and for the Fyers Demat account is Free for 1st year & Rs.300. The Trading AMC for Systematix Shares 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 Systematix Shares and Fyers is CDSL.
| Account Opening and Demat Charges | Systematix Shares | Fyers |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free for 1st year & Rs.300 |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.5,100 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Systematix Shares 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 Systematix Shares is 0.35%, 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 Systematix Shares is 0.04% 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. Systematix Shares charge 0.04% 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, Systematix Shares charges Rs.35 per Lot, and Fyers charges Rs.20 per executed order.
| Equity Brokerage Charges | Systematix Shares | Fyers |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | Free |
| Equity Intraday Brokerage | 0.04% | 0.01% or Rs.20 per Executed order |
| Equity Futures Brokerage | 0.04% | 0.01% or Rs.20 per Executed order |
| Equity Options Brokerage | Rs.35 per Lot | Rs.20 per executed order |
Systematix Shares 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 Systematix Shares is 0.04% 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. Systematix Shares charges Rs.15 per Lot for currency options, whereas Systematix Shares charges Rs.20 per executed order.
| Currency Brokerage Charges | Systematix Shares | Fyers |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.01% or Rs.20 per Executed order |
| Currency Options Brokerage | Rs.15 per Lot | Rs.20 per executed order |
Systematix Shares 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. Systematix Shares charges 0.04% for commodity trading, while Fyers charges 0.01% or Rs.20 per Executed order.
| Commodity Brokerage Charges | Systematix Shares | Fyers |
|---|---|---|
| Commodity Options Brokerage | 0.04% | 0.01% or Rs.20 per Executed order |
Systematix Shares and Fyers Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Systematix Shares levies a minimum brokerage fee of Percentage of Transaction, while Fyers charges Rs.20 per executed order brokerage fee.
Transaction Brokerage Charges: Systematix Shares levies a transaction brokerage charge of 0.00299%, 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 Systematix Shares is 0.0002% of Total Turnover and for Systematix Shares 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 Systematix Shares are 0.0126% of Total Turnover, while for Fyers, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Systematix Shares charges NA and Fyers charges Rs 20 per trade.
| Other Brokerage Charges | Systematix Shares | Fyers |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.20 per executed order | Transaction Brokerage Charges | 0.00299% | 0.00275% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 20 per trade |
Systematix Shares 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 Systematix Shares is up to Upto 2x and by Fyers it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Systematix Shares is up to Upto 10x and by Fyers it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Systematix Shares is up to Upto 2x and by Fyers it is up to Upto 4x.
Equity Options: Leverage for Equity Options by Systematix Shares is up to Upto 4x and by Fyers also, it is up to Upto 5x.
| Equity Leverage | Systematix Shares | Fyers |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 10x | Upto 5x | Equity Futures | Upto 2x | Upto 4x | Equity Options | Upto 4x | Upto 5x |
Systematix Shares and Fyers Currency Leverage
The currency futures leverage provided by Systematix Shares is up to Upto 3x, while for Fyers it is up to Upto 3x.
The currency options leverage provided by Systematix Shares is up to Upto 4x, while for Fyers it is up to Upto 3x.
| Currency Leverage | Systematix Shares | Fyers |
|---|---|---|
| Currency Futures | Upto 3x | Upto 3x | Currency Options | Upto 4x | Upto 3x |
Systematix Shares and Fyers Commodity Leverage
The commodity leverage provided by Systematix Shares is up to Upto 2x, while for Fyers it is up to Upto 3x.
| Commodity Leverage | Systematix Shares | Fyers |
|---|---|---|
| Commodity | Upto 2x | Upto 3x |
Systematix Shares 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.
| Offers | Systematix Shares | Fyers |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Systematix Shares and Fyers Features
Equity Trading: Systematix Shares 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: Systematix Shares and Fyers also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Systematix Shares and Fyers broker is that you can also invest in IPOs. Systematix Shares also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Systematix Shares offers trading exposure of up to Upto 10x, 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 Systematix Shares and Fyers, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Systematix Shares and Fyers also allow you to trade in forex trading.
| Features | Systematix Shares | Fyers |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | No | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 5x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Systematix Shares 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. Systematix Shares 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 Services | Systematix Shares | Fyers |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| Company Stock Review | Yes | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | No |
| Top Picks | No | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Systematix Shares 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. Systematix Shares 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 Platforms | Systematix Shares | Fyers |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Systematix Shares and Fyers Mobile Trading Platforms
Systematix Shares and Fyers offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Systematix Shares | Fyers |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Systematix Shares 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. Systematix Shares 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 Features | Systematix Shares | Fyers |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 7 | No Branch |
Systematix Shares 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 Systematix Shares and Fyers registered and resolved complaints.
For Systematix Shares, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
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 Systematix Shares is better than Fyers in case of resolving customer complaints.
| BSE Complaints | Systematix Shares | Fyers |
|---|---|---|
| BSE Complaints | 2 | 45 |
| BSE Resolved Complaints | 2 | 40 |
| Percentage of resolved BSE complaints | 100.00 % | 88.89 % |
| NSE Complaints | 4 | 64 |
| NSE Resolved Complaints | 4 | 58 |
| Percentage of resolved NSE complaints | 100.00 % | 90.63 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 89.76 % |
Frequently Asked Questions
Is Systematix Shares better than Fyers?
Systematix Shares is a full service broker and Fyers is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Fyers better than Systematix Shares?
Fyers is a discount broker and Systematix Shares is a full service broker. 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.
Which is cheaper between Systematix Shares and Fyers?
Being a full-service broker, Systematix Shares tends to have higher brokerage charges, while Fyers, being a discount broker, offers comparatively cheaper rates. 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.
Which is better, Systematix Shares and Fyers?
To figure out which of the two stockbrokers, Systematix Shares and Fyers, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Systematix Shares with other stock brokers
Visit the following pages to see a detailed comparision report of Systematix Shares 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.