Broker comparison

Fyers vs Arrow (2026): Brokerage, API, AMC & Execution Compared

Q: Fyers vs Arrow: which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹20 or 0.3% per order (whichever is lower)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Fyers or Arrow have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Fyers or Arrow?

Fyers publishes p99 < 7 ms (processing, self-reported); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Q: Is Fyers cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Fyers is cheaper on 0, Arrow on 1, and 3 are tied. Statutory charges are identical, so any difference comes from brokerage.

Q: Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Side-by-side comparison of Fyers and Arrow from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

0 – 1Cheaper on example trades (Fyers – Arrow)
6 – 4Published features (of 9)

Fyers vs Arrow — published pricing and features (official sources at last review)
Metric	Fyers	Arrow
Delivery brokerage	₹20 or 0.3% per order (whichever is lower)	₹0 (free)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	₹20 or 0.03% per order (whichever is lower)
F&O brokerage	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)
AMC	₹0 (zero AMC)	₹0 (individual accounts; ₹500/year for non-individual accounts)
Account opening	Free (₹0 account opening)	₹0 (free)
Trading API	Fyers API — Free (per official API page)	Arrow API — See official docs
Reported execution speed	p99 < 7 ms (processing, self-reported)self-reported	95% < 2.9 ms · 99% < 4 msself-reported
Algo support	Yes - free API; TradingView-based platform	API with Python & Go clients; in-house algo tools “Coming soon” per official site
Platforms	Fyers app, Fyers Web, TradingView charts	Arrow mobile app (iOS/Android), Arrow web, Python & Go clients
Best for (published)	Chart-driven and algorithmic traders who live in TradingView.	Latency-sensitive and professional traders who prioritise order-execution speed.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

Cost face-off: what real trades cost

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Fyers	Arrow	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹178.98	₹131.78	Arrow (saves ₹47.2)
Options: premium ₹100 × 75	₹66.43	₹66.43	Tie
Futures: ₹24,000 × 75	₹1,067.15	₹1,067.15	Tie

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

Feature	Fyers	Arrow
Free delivery	–	✓
Zero AMC	✓	✓
Free API	✓	–
TradingView	✓	–
MCX commodity	✓	✓
Mutual funds	–	–
IPO	✓	–
Research desk	–	–
Published speed	✓	✓

What the published data shows

Arrow publishes free equity delivery; Fyers does not (per official pricing at review). Both publish execution-speed figures (Fyers: p99 < 7 ms (processing, self-reported); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Fyers vs Arrow: which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹20 or 0.3% per order (whichever is lower)" and Arrow as "₹0 (free)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Fyers or Arrow have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Fyers or Arrow?

Fyers publishes p99 < 7 ms (processing, self-reported); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Fyers cheaper than Arrow?

On our four example trades (intraday, delivery, options and futures), Fyers is cheaper on 0, Arrow on 1, and 3 are tied. Statutory charges are identical, so any difference comes from brokerage.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/
Arrow - official website - https://arrow.trade
Arrow - official pricing - https://arrow.trade/pricing