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Way2Wealth vs Fyers – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Nov 19, 2022

Here is a detailed comparison of Way2Wealth vs Fyers. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Way2Wealth & 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.

Way2Wealth vs Fyers

In 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 Way2Wealth & Fyers comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s compare FyersWay2Wealth

Overview of Way2Wealth & Fyers

Overview Way2Wealth Fyers
Company Type Private Private
Broker Type Full Service Broker Discount Broker
Headquarters Bangalore, Karnataka Bangalore, Karnataka
Founder V.G. Siddhartha Tejas Khoday, Shreyas Khodey & Yashas Khodey
Established Year 1984 2015

Way2Wealth vs Fyers Customer Ratings Comparison

Customer Ratings Way2Wealth Fyers
Experience 4.4/10 3.0/10
Products & Services 5.3/10 8.5/10
Brokerage Charges & Fees 6.4/10 5.9/10
Stock Research & Advisory 5.2/10 6.0/10
Trading Platforms 5.2/10 5.6/10
Overall Ratings 5.3/10 5.7/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 119 123

Way2Wealth vs Fyers Demat Account Comparison

Demat Services Way2Wealth Fyers
Depository Source CDSL & NSDL 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 Zero Margin Zero Margin
Offline to Online R R

Fyers vs Way2Wealth Brokerage Charges Comparison

Brokerage Charge & Fees Way2Wealth Fyers
Equity Delivery Trading 0.1% – 0.4% Free
Equity Intraday Trading 0.01% – 0.04% 0.01% or Rs.20 per Executed order
Commodity Options Trading 0.01% – 0.04% 0.01% or Rs.20 per Executed order
Equity Futures Trading 0.01% – 0.04% 0.01% or Rs.20 per Executed order
Equity Options Trading Rs.20 – Rs.70 per Lot Rs.20 per executed order
Currency Futures Trading 0.01% – 0.04% 0.01% or Rs.20 per Executed order
Currency Options Trading Rs.10 – Rs.40 per Lot Rs.20 per executed order
Minimum Brokerage Customizable Rs.20 per executed order
Demat AMC Charges Rs 242 per Annum Free for 1st year & Rs.300
Trading AMC Charges Free Free
Margin Money Minimum 10,000 Zero Margin
Brokerage Calculator Way2Wealth Brokerage Calculator Fyers Brokerage Calculator

Fyers & Way2Wealth Other Charges Comparison

Other Charges Way2Wealth Fyers
Transaction Charges 0.00325% 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 & Way2Wealth Offers

Offers Way2Wealth 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 R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Way2Wealth vs Fyers

Services Way2Wealth 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 R S
Trading Institution S S
Trading Exposure Upto 6x Upto 5X

Compare Fyers & Way2Wealth Research & Advisory

Research & Advisory Way2Wealth Fyers
Fundamental Reports R S
Research Reports R S
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips R R
IPO Reports R S
Top Picks R S
Daily Market Review R S
Monthly Reports R S
Weekly Reports R S
Offline Advisory R S
Relationship Manager R S

Way2Wealth vs Fyers Exposure/Leverage

Exposure / Leverage Way2Wealth Fyers
Equity Delivery Upto 2X Upto 2X
Equity Intraday Upto 6X Upto 5X
Equity Futures Upto 2X Upto 4X
Equity Options Upto 4X Upto 5X
Currency Futures Upto 2X Upto 3X
Currency Options Upto 2X Upto 3X
Commodities Upto 2X Upto 3X
Margin Calculator Way2Wealth Margin Calculator Fyers Margin Calculator

Way2Wealth vs Fyers Product Comparison

Products Way2Wealth 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
Insurance R S

Way2Wealth vs Fyers Trading Platform Comparison

Trading Platforms Way2Wealth 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 R 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 R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

Way2Wealth vs Fyers Customer Support

Customer Support Way2Wealth Fyers
Dedicated Dealer R S
Offline Trading R S
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 180 No Branch

Way2Wealth vs Fyers Customer Complaints

Complaints (Current Year) Way2Wealth Fyers
Lodged in BSE 128 45
Resolved in BSE 128 40
Lodged in NSE 196 64
Resolved in NSE 196 58

Compare Way2Wealth with other Brokers & Fyers with other Brokers

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