Fyers vs Nuvama (Edelwiess) Review 2025 | Which One is Better
|FYERS

Fyers Securities, founded in 2015 (Fyers vs Nuvama) Fyers, is an online cheap stock broker
headquartered in Bangalore. Fyers trades in the Equity Cash, F&O, and Currency
Derivatives categories of the NSE. FYERS is an acronym for ‘Focus Your Energy &
Reform the Self’, which represents the company’s key ideals. The company is formed
by young entrepreneurs that believe in providing the greatest trading platforms, being
transparent, and keeping the cost of trading cheap in India.
Fyers trades equity cash, F&O, and currency derivatives on the NSE. Fyers is an
Indian stock broker with reduced broking fees. They are among the most affordable
stock brokers online. Fyers’ straightforward pricing approach allows trading across
categories for the same flat broking cost of Rs 20 per executed transaction. Fyers
charges a limit of Rs 20 on each executed order, regardless of size. Fyer does not
charge broking in the Equity Delivery area.
NUVAMA ( EDELWEISS )

Nuvama Wealth & Investment Limited (previously Edelweiss Broking Ltd.) is a
full-service stockbroking firm headquartered in Mumbai, India, and was founded in 2008.Nuvama’s Retail Broking division provides investment and trading opportunities
in all major asset classes, including equity, debt, mutual funds, IPOs, currency
derivatives, commodities, and futures and options. Nuvama provides investing advice
to its clients based on research and analysis across asset classes, trading styles,
and time horizons.Nuvama’s Retail Broking division provides investment and trading
opportunities in all major asset classes, including equity, debt, mutual funds, IPOs,
currency derivatives, commodities, and futures and options. Nuvama offers
trading at ultra-low brokerage fee of flat Rs 10 per executed order across all trading
segment at BSE, NSE and MCX.
FYERS VS NUVAMA ( EDELWEISS )
Fyers, founded in 2015, is a discount broker. It provides trading on NSE and MCX. It has 0
branches in India. Nuvama (Edelweiss), founded in 2002, is a full-service broker. It offers
trading on the BSE, NSE, MCX, and NCDEX. It operates 237 branches across India.
Fyers | Nuvama (Edelweiss) | |
Establishment Year | 2015 | 2008 |
Founder Name | Tejas Khoday, Shreyas Khodey & Yashas Khodey | Rashesh Shah |
Exchange Membership | NSE, MCX | BSE, NSE, MCX, NCDEX |
Company type | Private | Private |
Brokerage Type | Discount Broker | Full Service Broker |
Branches | 0 | 237 |
FYERS VS NUVAMA (EDELWEISS) CHARGES
Charges | Fyers | Nuvama (Edelweiss) |
Call and Trade Charges | Rs 20 per trade/ call | Rs 20 per call |
Minimum Brokerage | Intra-day: Rs 7 or 2.5% whichever is lesser | 0.03% Equity delivery, 0.01% Intra-day and Futures |
Other Charges | Square-off by Fyers – Rs 20 per trade, NRI Brokerage: Rs 100 per executed paln (For all segments). | Margin Funding: 0.08%/day, Research: Rs 50 per month. |
FYERS VS NUVAMA (EDELWEISS) TRADING PLATFORM
Fyers offers competitive brokerage, advanced charting, and a user-friendly interface, making
it ideal for active traders. Nuvama (Edelweiss) provides a comprehensive platform with
robust research, diverse investment options, and strong customer support, catering to both
retail and institutional clients. You can start trading with their Android App . Below the table
shows some of its information about trading platforms of fyres and Nuvama
Trading Platform | Fyers | Nuvama (Edelweiss) |
Android App | Fyers Android App | Nuvama Android App |
Algo Trading Platform | ||
Trading Terminal | ||
Foreign Stocks Trading Platform | ||
Basket Trading Platform | ||
Mutual Funds Investment Platform | ||
Digital Gold Investment | ||
Bonds Investment Platform | ||
FYERS VS NUVAMA ( EDELWEISS ) OFFERS
Offers | Fyers | Nuvama (Edelweiss) |
Free AMC | ||
Free Account Opening | ||
Free Brokerage | , Limited | ,Limited |
Flat Brokerage | ||
Flexible Brokerage | ||
Free Intraday Trading | ||
Free F & O | ||
Free Trading Calls | ||
Margin Funding and Pledging | ||
Refferal Offers | 20% of Revenue | Upto Rs.1,000 per referral |
Brokerage Cashback | ||
Zerodha Brokerage For Loss Making Trades | ||
Free Delivery Trading | ||
Free Research Reports | ||
FYERS VS NUVAMA (EDELWEISS) PRODUCT PROVIDED
Product Provided | Fyers | Nuvama (Edelweiss) |
Equity Intraday | ||
Equity Delivery | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Option | ||
Commodity Future | ||
Foreign Stocks | ||
Banking | ||
Mutual Funds | ||
Insurance | ||
Digital Gold | ||
Govt. Bonds | ||
Corporate Bonds | ||
FYERS VS NUVAMA (EDELWEISS) ADVISORY SERVICE
Advisory Services | Fyers | Nuvama (Edelweiss) |
IPO Service | ||
3 in 1 Account | ||
Daily Stock Picks and Stock Tips | , Chargeable | , Chargeable |
Weekly Review | , Chargeable | , Chargeable |
Monthly Review | ||
Company and Research Report | , Chargeable | , Chargeable |
Annual Report | ||
Trading Institution | Yes, School of Stocks | Yes, Investology |
F&O Service | ||
Share Pledgeing | ||
PMS or PCG | ||
Intraday Services | ||
NRI Service | ||
Demat and Trading | ||
Robo Advisory | ||
FYERS VS NUVAMA (EDELWEISS) FEATURES
Features | Fyers | Nuvama (Edelweiss) |
Charts | ||
Automated Trading | ||
SMS Alerts | ||
Margin Against Shares (Equity Cash) | NA | |
Margin Against Shares (F&O) | NA | |
Online Demo | ||
Online Portfolio | ||
Global Indicies | ||
Real Time update | ||
Stock Tips | ||
Online MF Buy | ||
Interactive Charts | ||
Customised Recommendation | ||
Multi Profile Management | ||
Intraday SquareOff Time | 3:20 PM | 3:00 PM |
3 in 1 Account | ||
FYERS VS NUVAMA EDELWEISS BROKERAGE PLAN
Fyers charges a transaction fee of NSE Rs 5000 per crore (0.05%) (on premium), whereas
Nuvama (Edelweiss) charges NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore
(0.037%) (on premium).The table below shows some of brokerage Charges of both the
platforms.
Brokerage | Fyers | Nuvama (Edelwiess) |
Brokerage Plan | Standard Plan | Lite Plan |
Equity Intraday | Rs.20 per Trade or 0.03% (whichever is Lesser ) | Rs.10 per Trade or 0.01% (whichever is Lesser). |
Equity Delivery | Free | Rs.10 per Trade or 0.01% (whichever is Lesser). |
Equity Option | Rs. 20 per Trade | Rs.10 per Trade |
Equity Future | Rs.20 per Trade or 0.03% (whichever is Lesser ) | Rs.10 per Trade |
Currency Option | Rs. 20 per Trade | Rs.10 per Trade |
Currency Future | Rs.20 per Trade or 0.03% (whichever is Lesser ) | Rs.10 executed plan |
Commodity Option | Rs. 20 per Trade | NA |
Commodity Future | Rs.20 per Trade or 0.03% (whichever is Lesser ) | NA |
FYERS VS NUVAMA EDELWEISS LEVERAGE MARGIN
The Fyers margin for intraday trading is up to 20% of the trade value (5x leverage)
dependent on the stock, and the Nuvama (Edelweiss) margin for intraday cash is likewise up
to 20% of the trade value (5x leverage). Here below the table shows leverage charges of
both the platforms.
Leverage Margin | Fyers | Nuvama (Edelwiess) |
Equity Intraday | Up to 20% of trade value (5x leverage). | Up to 20% of trade value (5x leverage) |
Equity Delivery | 100% of trade value (1x leverage). | 100% of trade value (1x leverage). |
F&O (Equity, Currency, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage). | 100% of NRML margin (Span + Exposure) (1x leverage). |
FYERS VS NUVAMA EDELWEISS DEMAT / TRADING AND AMC CHARGES
Fyers trading account opening charges are Rs 0 (free), but Nuvama (Edelweiss) account
opening charges are Rs 0. Fyers Demat Account AMC Charges are Rs 0 (free), while
Nuvama (Edelweiss) Demat Account AMC Charges are Rs 500 (1st year free).The table
shows Demat and Trading Account with AMC Charges.
Charges | Fyers | Nuvama (Edelweiss) |
Demat and Trading Account Opening Charge | Rs. 0 (Free) | Rs. 500 (1st Year Free) |
Demat Account AMC Charge | Rs. 0 (Free) | Rs. 0 (Free) |
Trading Account Opening Charge | Rs. 0 (Free) | Rs. 0 (Free) |
Trading Account AMC Charge | Rs. 0 (Free) | Rs. 0 (Free) |
FYERS VS NUVAMA (EDELWEISS) PROS AND CONS
Pros:
Fyers | Nuvama (Edelweiss) |
1)Thematic investments and free equity delivery deals. 2) This segment has no broking. 3) Broking charges are extremely modest, with a maximum of Rs 20 per deal. 4) It is free to open an account. No software fees ,Modern trading platforms. Thematic investments are offered with Refer your friends and earn 20% of their money for life. | 1)Full-service broker offering a cheap broking package. 2)Trade for a flat Rs 10 per completed order across all segments with the Nuvama Lite Plan. 3) Instantly open an online account: Create an Investing & Trading account in less than 15 minutes. 4) Provide commodities trading through the same trading platform. 5) Free research and trading suggestions are available to all customers. Online IPO applications. |
Cons:
Fyers | Nuvama (Edelweiss) |
1)Depository services are provided by another company (IL&FS). 2)Higher demat fees. There are no branch offices. No good until cancelled (GTC) orders. 3) It doesn’t provide 3 in 1 Account. 4) Intraday trading and multi profile Management system are not provided. 5) it doesn’t provide Global Indices. | 1)The bracket orders are not available. Cancelled orders are not accessible. 2)Minimum broking is 3 paise per share for delivery and 1 paise per share for intraday and futures. 3) Call & Trade is offered for an extra Rs 20 per call. 4) It also doesn’t provide 3 in 1 Account. |
FYERS VS NUVAMA ( EDELWEISS) REVIEW
Fyres getting 2.5 by customer while Nuvama Edelweiss getting 3.0 . The table below shows
rating
Review | Fyers | Nuvama (Edelweiss) |
Customer Services | ⭐⭐ | ⭐⭐⭐ |
Fees | ⭐⭐⭐ | ⭐⭐⭐ |
Brokerage Charges | ⭐⭐⭐ | ⭐⭐⭐ |
Trading Platform | ⭐⭐ | ⭐⭐⭐⭐ |
Overall Ratings | ⭐⭐⭐ | ⭐⭐⭐⭐ |
FYERS VS NUVAMA (EDELWEISS) COMPLAINTS
The table below shows % of Complaints Lodged, Resolved and non actionable reports.
Complaints | Fyers | Nuvama Edelweiss |
Total Complaints Lodged | 135 | 120 |
Total Complaints Resolved | 120 | 103 |
% of Total Complaints Resolved | 88.75% | 85.62% |
Non Actionable Complaints | 10 | 8 |
% of Non Actionable Complaints | 7.50% | 5.09% |
FYERS VS NUVAMA (EDELWEISS) TRANSACTION CHARGES
Fyers charges a transaction fee of NSE Rs 5000 per crore (0.05%) (on premium), whereas
Nuvama (Edelweiss) charges NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore
(0.037%) (on premium)
Transaction Charges | Fyers | Nuvama (Edelweiss) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side). | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side). |
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side). | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Option | NSE Rs 5000 per Cr (0.05%) (on premium). | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) |
Equity Future | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Currency Option | NSE Rs 3500 per Cr (0.035%) (on premium) | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Currency Future | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009% | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) |
Commodity Option | NA | NA |
Conclusion: Fyers is suited for active traders, providing a smooth and quick trading experience through
its easy platform, minimal broking fees, and rich charting tools. It specialises in offering a
user-friendly interface and dependable customer support. Nuvama Edelweiss, on the other
hand, appeals to a broader audience by providing a wide range of investment options, such
as mutual funds and insurance, in addition to trading. It stands out for its thorough research
reports, instructional tools, and consulting services. Finally, Fyers is appropriate for traders
who are concerned with cost and technology, whereas Nuvama Edelweiss is more suited to
those who want a diversified investment strategy and in-depth analysis. ChatGPT can make
mistakes.
Customer Care Number/Email
Fyres: 080-4625 1111
Nuvama (Edelweiss): 1800-102-3335
Clients can contact this number to clear their doubt.
Fyers Support Email: support@fyers.in
Nuvama (Edelweiss) Support Email: helpdesk@edelweiss.in
Clients can contact this email to clear their doubt.