FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage and DP with GST, ours
GeojitSEBI INZ000318938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where FYERS and Geojit differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Geojit |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹29.50 less at FYERS; a DP charge is not published | ₹38.35 | ₹53.10 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹861.40 less at FYERS; a DP charge is not published | ₹38.35 | ₹885.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹354.00 less at FYERS; a DP charge is not published | ₹460.20 | ₹637.20 brokerage; DP charge not published |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): ₹0 for trading and demat accounts at FYERS, not stated at Geojit.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, 0.30% at Geojit.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, not stated at Geojit.
- SME IPOs: The help page lists applications by type at FYERS, not stated at Geojit.
The same at both: account opening and Mainboard IPOs.
FYERS vs Geojit: charges side by side
Differs 5 of 7 charges differ between FYERS and Geojit. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Geojit |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Nil |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | 0.30% |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000318938 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and Geojit pages.
FYERS and Geojit strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
Geojit
Strengths
- Full-service support
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- AMC and DP charge not on the pricing page
Check them before you open an account.
Brokerage calculator: FYERS vs Geojit
| Charge | FYERS | Geojit |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Geojit would each charge.
Other comparisons
Every comparison with FYERS or Geojit, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Geojit?
Geojit does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹29.50 less at FYERS (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, Geojit ₹885.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Geojit be over a year?
Not in full, because Geojit does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹354.00 less at FYERS (our calculation).
Can I apply for SME IPOs on FYERS and Geojit?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at FYERS and Geojit?
FYERS: ₹0 for trading and demat accounts. Geojit: not stated.
What brokerage do FYERS and Geojit charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹23.60 at FYERS and ₹53.10 at Geojit (our calculation from their published rates).