Mastertrust vs Fyers – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of Mastertrust vs Fyers. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Mastertrust & Fyers will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Mastertrust vs FyersIn this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

Compare Stock Brokers

This Mastertrust & Fyers comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare Fyers Mastertrust

Overview of Nirmal Bang & Fyers

OverviewNirmal BangFyers
Company TypePrivatePrivate
Broker TypeFull Service BrokerDiscount Broker
HeadquartersMumbai, IndiaBangalore, Karnataka
FounderNirmal BangTejas Khoday, Shreyas Khodey & Yashas Khodey
Established Year19862015

Nirmal Bang vs Fyers Customer Ratings Comparison

Customer RatingsNirmal BangFyers
Products & Services6.2/108.5/10
Brokerage Charges & Fees6.7/105.9/10
Stock Research & Advisory6.0/106.0/10
Trading Platforms6.5/105.6/10
Overall Ratings6.4/105.7/10
Star Ratings★★★☆☆★★★☆☆
Total Client Reviews355123

Nirmal Bang vs Fyers Demat Account Comparison

Demat ServicesNirmal BangFyers
Depository SourceCDSLCDSL & NSDL
Account Opening ChargesZeroFree
Demat AMC ChargesRs.2001st Year Free & Rs.300 per Annum
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.10,000Zero Margin
Offline to OnlineRR

Fyers vs Nirmal Bang Brokerage Charges Comparison

Brokerage Charge & FeesNirmal BangFyers
Equity Delivery Trading0.20%Free
Equity Intraday Trading0.02%0.01% or Rs.20 per Executed order
Commodity Options TradingNA0.01% or Rs.20 per Executed order
Equity Futures Trading0.02%0.01% or Rs.20 per Executed order
Equity Options TradingRs.35 per LotRs.20 per executed order
Currency Futures Trading0.02%0.01% or Rs.20 per Executed order
Currency Options TradingRs.20 per LotRs.20 per executed order
Minimum BrokeragePercentage of TransactonRs.20 per executed order
Demat AMC ChargesRs.200Free for 1st year & Rs.300
Trading AMC ChargesFreeFree
Margin MoneyMinimum Rs.10,000Zero Margin
Brokerage CalculatorNirmal Bang Brokerage CalculatorFyers Brokerage Calculator

Fyers & Nirmal Bang Other Charges Comparison

Other ChargesNirmal BangFyers
Transaction Charges0.00390% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare Fyers & Nirmal Bang Offers

OffersNirmal BangFyers
Free Demat AccountRR
Free Trading AccountRR
Discount on BrokerageRR
Trading Happy HoursSS
Flexible Brokerage PlansRS
1 Month Brokerage FreeSS
Holiday OffersRS
Referral OffersSS
Zero Brokerage for Loss Making TradesSS

Compare Services of Nirmal Bang vs Fyers

ServicesNirmal BangFyers
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountSS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRS
Robo AdvisorySS
Trading InstitutionSS
Trading ExposureUpto 10xUpto 5X

Compare Fyers & Nirmal Bang Research & Advisory

Research & AdvisoryNirmal BangFyers
Fundamental ReportsSS
Research ReportsRS
Company ReportsSS
Annual ReportsSS
Company Stock ReviewSS
Free Stock TipsRR
IPO ReportsRS
Top PicksRS
Daily Market ReviewRS
Monthly ReportsSS
Weekly ReportsSS
Offline AdvisoryRS
Relationship ManagerRS

Nirmal Bang vs Fyers Exposure/Leverage

Exposure / LeverageNirmal BangFyers
Equity DeliveryUpto 3xUpto 2X
Equity IntradayUpto 10xUpto 5X
Equity FuturesUpto 4xUpto 4X
Equity OptionsUpto 5xUpto 5X
Currency FuturesUpto 3xUpto 3X
Currency OptionsUpto 2xUpto 3X
CommoditiesUpto 3xUpto 3X
Margin CalculatorNirmal Bang Margin CalculatorFyers Margin Calculator

Nirmal Bang vs Fyers Product Comparison

ProductsNirmal BangFyers
Equity TradingRR
Commodity TradingRR
Currency TradingRR
Mutual FundsRR

Nirmal Bang vs Fyers Trading Platform Comparison

Trading PlatformsNirmal BangFyers
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformSR
Android App PlatformRR
iOS App PlatformSR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsSS
Easy InstallationRR
Global IndicesRR
Stock TipsSS
Personalized AdvisorySS
Interactive ChartsRR
Live MarketsRR
SMS AlertsSS
Email AlertsRR
Multi Account ManagementSS

Nirmal Bang vs Fyers Customer Support

Customer SupportNirmal BangFyers
Dedicated DealerRS
Offline TradingRS
Online TradingRR
24*7 SupportSS
Email SupportSR
Chat SupportSS
Toll Free NumberSS
Branches50No Branch

Nirmal Bang vs Fyers Customer Complaints

Complaints (Current Year)Nirmal BangFyers
Lodged in BSE6445
Resolved in BSE6440
Lodged in NSE9164
Resolved in NSE9158


Compare Mastertrust with other Brokers & Fyers with other Brokers

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