Broker comparison

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

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

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

Q: Does Zerodha or Fyers have a trading API?

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

Q: Which is faster — Zerodha or Fyers?

Zerodha publishes ≈ 80 ms (median); Fyers publishes p99 < 7 ms (processing, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Q: Is Zerodha cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Zerodha is cheaper on 1, Fyers on 0, 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 Zerodha and Fyers 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

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

Zerodha vs Fyers — published pricing and features (official sources at last review)
Metric	Zerodha	Fyers
Delivery brokerage	₹0 (free)	₹20 or 0.3% per order (whichever is lower)
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	Free first year, then ₹300 + 18% GST per year, billed quarterly (non-BSDA; ₹0 for BSDA holdings under ₹4 lakh)	₹0 (zero AMC)
Account opening	Free (resident individuals); ₹500 for NRI	Free (₹0 account opening)
Trading API	Kite Connect — Personal API free; Connect (live data + historical) ₹500/month	Fyers API — Free (per official API page)
Reported execution speed	≈ 80 ms (median)	p99 < 7 ms (processing, self-reported)self-reported
Algo support	Yes - via Kite Connect API	Yes - free API; TradingView-based platform
Platforms	Kite (web), Kite (mobile), Console, Coin	Fyers app, Fyers Web, TradingView charts
Best for (published)	Self-directed investors and traders who want low, predictable costs and a stable platform.	Chart-driven and algorithmic traders who live in TradingView.

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	Zerodha	Fyers	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹82.97	Tie
Delivery: ₹50,000 buy & sell	₹131.78	₹178.98	Zerodha (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	Zerodha	Fyers
Free delivery	✓	–
Zero AMC	–	✓
Free API	–	✓
TradingView	–	✓
MCX commodity	✓	✓
Mutual funds	✓	–
IPO	–	✓
Research desk	–	–
Published speed	✓	✓

What the published data shows

Zerodha publishes free equity delivery; Fyers does not (per official pricing at review). Both publish execution-speed figures (Zerodha: ≈ 80 ms (median); Fyers: p99 < 7 ms (processing, self-reported)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Zerodha vs Fyers: which has lower delivery brokerage?

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

Does Zerodha or Fyers have a trading API?

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

Which is faster — Zerodha or Fyers?

Zerodha publishes ≈ 80 ms (median); Fyers publishes p99 < 7 ms (processing, self-reported). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Zerodha cheaper than Fyers?

On our four example trades (intraday, delivery, options and futures), Zerodha is cheaper on 1, Fyers on 0, 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

Zerodha - official website - https://zerodha.com
Zerodha - official pricing - https://zerodha.com/charges/
Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/