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Nirmal Bang vs Fyers – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of Nirmal Bang vs Fyers. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Nirmal Bang & 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.

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

Now let’s compare Fyers Nirmal Bang

Overview of Nirmal Bang & Fyers

Overview Nirmal Bang Fyers
Company Type Private Private
Broker Type Full Service Broker Discount Broker
Headquarters Mumbai, India Bangalore, Karnataka
Founder Nirmal Bang Tejas Khoday, Shreyas Khodey & Yashas Khodey
Established Year 1986 2015

Nirmal Bang vs Fyers Customer Ratings Comparison

Customer Ratings Nirmal Bang Fyers
Experience 6.5/10 3.0/10
Products & Services 6.2/10 8.5/10
Brokerage Charges & Fees 6.7/10 5.9/10
Stock Research & Advisory 6.0/10 6.0/10
Trading Platforms 6.5/10 5.6/10
Overall Ratings 6.4/10 5.7/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 355 123

Nirmal Bang vs Fyers Demat Account Comparison

Demat Services Nirmal Bang Fyers
Depository Source CDSL CDSL & NSDL
Account Opening Charges Zero Free
Demat AMC Charges Rs.200 1st Year Free & Rs.300 per Annum
Trading AMC Charges Free Free
Margin Money Minimum Rs.10,000 Zero Margin
Offline to Online R R

Fyers vs Nirmal Bang Brokerage Charges Comparison

Brokerage Charge & Fees Nirmal Bang Fyers
Equity Delivery Trading 0.20% Free
Equity Intraday Trading 0.02% 0.01% or Rs.20 per Executed order
Commodity Options Trading NA 0.01% or Rs.20 per Executed order
Equity Futures Trading 0.02% 0.01% or Rs.20 per Executed order
Equity Options Trading Rs.35 per Lot Rs.20 per executed order
Currency Futures Trading 0.02% 0.01% or Rs.20 per Executed order
Currency Options Trading Rs.20 per Lot Rs.20 per executed order
Minimum Brokerage Percentage of Transacton Rs.20 per executed order
Demat AMC Charges Rs.200 Free for 1st year & Rs.300
Trading AMC Charges Free Free
Margin Money Minimum Rs.10,000 Zero Margin
Brokerage Calculator Nirmal Bang Brokerage Calculator Fyers Brokerage Calculator

Fyers & Nirmal Bang Other Charges Comparison

Other Charges Nirmal Bang Fyers
Transaction Charges 0.00390% of Total Turnover 0.00275% of Total Turnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare Fyers & Nirmal Bang Offers

Offers Nirmal Bang Fyers
Free Demat Account R R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R S
1 Month Brokerage Free S S
Holiday Offers R S
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of Nirmal Bang vs Fyers

Services Nirmal Bang Fyers
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R S
Robo Advisory S S
PMS R S
Trading Institution S S
Trading Exposure Upto 10x Upto 5X

Compare Fyers & Nirmal Bang Research & Advisory

Research & Advisory Nirmal Bang Fyers
Fundamental Reports S S
Research Reports R S
Company Reports S S
Annual Reports S S
Company Stock Review S S
Free Stock Tips R R
IPO Reports R S
Top Picks R S
Daily Market Review R S
Monthly Reports S S
Weekly Reports S S
Offline Advisory R S
Relationship Manager R S

Nirmal Bang vs Fyers Exposure/Leverage

Exposure / Leverage Nirmal Bang Fyers
Equity Delivery Upto 3x Upto 2X
Equity Intraday Upto 10x Upto 5X
Equity Futures Upto 4x Upto 4X
Equity Options Upto 5x Upto 5X
Currency Futures Upto 3x Upto 3X
Currency Options Upto 2x Upto 3X
Commodities Upto 3x Upto 3X
Margin Calculator Nirmal Bang Margin Calculator Fyers Margin Calculator

Nirmal Bang vs Fyers Product Comparison

Products Nirmal Bang Fyers
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking S S
SIP R R
Insurance R S

Nirmal Bang vs Fyers Trading Platform Comparison

Trading Platforms Nirmal Bang Fyers
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform S R
Android App Platform R R
iOS App Platform S R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports S S
Easy Installation R R
Global Indices R R
Stock Tips S S
Personalized Advisory S S
Interactive Charts R R
Live Markets R R
SMS Alerts S S
Email Alerts R R
Multi Account Management S S

Nirmal Bang vs Fyers Customer Support

Customer Support Nirmal Bang Fyers
Dedicated Dealer R S
Offline Trading R S
Online Trading R R
24*7 Support S S
Email Support S R
Chat Support S S
Toll Free Number S S
Branches 50 No Branch

Nirmal Bang vs Fyers Customer Complaints

Complaints (Current Year) Nirmal Bang Fyers
Lodged in BSE 64 45
Resolved in BSE 64 40
Lodged in NSE 91 64
Resolved in NSE 91 58

Compare Nirmal Bang with other Brokers & Fyers with other Brokers


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