Is Fyers better than Zerodha?

Yes, Fyers is far better than Zerodha even 100 times is better than Zerodha. Fyers is a new stock broker and Zerodha is old.

Apart from older and newer Zerodha has some additional points which they are getting more famous.

First, we will talk about Zerodha and why it is more famous then we will talk about the FYERS.

Political Background –  Zerodha’s founder Nithin Kamath has relations with Political parties and also has relations in SEBI, he is also Broker Pannel’s head so he is taking advantage of the Political and Government resources.

Shareholding Benefits – Zerodha and Founder both are the also shareholder in Exchanges like MSEI and NSE, BSE so exchanges are promoting them. Here is also creates a conflict of interest.

Fraud, Spam, Scam – This is the big tool of the Zerodha to become profitable. Zerodha continuously doing fraud with traders and their referral partners,

Zerodha has suspended many time their referral program, they ask their clients to refer someone and they will share the account opening commission and some percentage of brokerage sharing but when many people refer new clients to Zerodha after some time they suspend the referral program and steal their clients.

 

Apart from the Normal Refer and Eran program Zerodha also runs a Partnership program, which asks them to run business with Zerodha collaboration, this is a type of business (Not Only Zerodha but also another broker run like Samco and Aliceblue). When you do Partnership business with them then you have to pay Exchange registration fees, annual maintance, some other education certificate required, you have also create physical and digital infrastructure and you invest your valuable time and efforts then all of sudden they suspend the referral program by giving any unlogical reason like suspicious leads, unorganic leads, violation of the Policy, digital ads running, digital marketing or doing SEO.

 

The main objective is to steal the clients from you and don’t share the commission with you.

We should not use Zerodha for many reasons, but we will talk in the next article.

So overall we should not use Zerodha, in the Market many other brokers are available Like Upstox, Fyers, Almondz, Aliceblue etc.

 

Why Fyers is better than Zerodha 

Here is what will be discussed in short but if you want to know more details then you need to look to this Fyers page.

Charges- Fyers and Aliceblue are the cheapest stock broker. Fyers impose very minimal charges like account opening is free, annual charges are free, pledge charges are very less only Rs 5 +18% GST, unpledged charges are 0, all type of trading software’s are free without cost.

DP Charges – are also 3.50 + 18% GST for male and 3.25 + 18% GST for female where Zerodha charge flat 15.94 for male and female 15.23.

Trading Plateform– Zerodha provides basic Trading view and you can’t save the your analsyis especially when draw any type of pattern or do price action technical analysis whereas in FYERS plateform they provide premium feature of the trading view where you can also set the seconds chart and if you draw any pattern it will be not delete until unless you do not delete. If you are options trader and scalper then you will also love Fyers scalper terminal platform. You should try this if you are an Option trader.

 

Trust of Partner – In Zerodha their business partner has lost the trust with Zerodha due to unethical practices and many has shut down their regional office, whereas at FYERS they have believe with FYERS and scaling up their business.

 

Support –  due to recent unethical activity of Zerodha many has lost their faith on Zerodha. So they are also not giving local support, only you have to reach at their customer care but at others like FYERS, Samco, Aliceblue you will get local Support also.

So overall I would like to say why you should choose Zerodha Whereas many others alternatives best options are available