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
StoxkartSEBI INZ000196835
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where FYERS and Stoxkart differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | Stoxkart |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹38.35 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹38.35 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹460.20 | ₹283.20 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 Stoxkart.
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹20 per executed order at Stoxkart.
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, not stated at Stoxkart.
- Mainboard IPOs: Yes, on the FYERS web and mobile platforms, with ₹0 brokerage at FYERS, not stated at Stoxkart.
- SME IPOs: The help page lists applications by type at FYERS, not stated at Stoxkart.
The same at both: account opening.
FYERS vs Stoxkart: charges side by side
Differs 6 of 7 charges differ between FYERS and Stoxkart. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | Stoxkart |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | ₹0 |
| 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 | Not stated on the pages we checked |
| 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%) | ₹20 per executed order |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000196835 |
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 Stoxkart pages.
FYERS and Stoxkart 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.
Stoxkart
Strengths
- Flat ₹20
Worth checking
- AMC, DP and IPO details not on the pricing page
Check them before you open an account.
Brokerage calculator: FYERS vs Stoxkart
| Charge | FYERS | Stoxkart |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and Stoxkart would each charge.
Other comparisons
Every comparison with FYERS or Stoxkart, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or Stoxkart?
Stoxkart does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: FYERS ₹38.35, Stoxkart ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and Stoxkart be over a year?
Not in full, because Stoxkart does not publish its DP charge.
Can I apply for SME IPOs on FYERS and Stoxkart?
Neither says clearly on its pages that SME IPOs can be applied for.
What is the demat AMC at FYERS and Stoxkart?
FYERS: ₹0 for trading and demat accounts. Stoxkart: not stated.
What brokerage do FYERS and Stoxkart 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 ₹23.60 at Stoxkart (our calculation from their published rates).