Updated September 29, 2026 · BrokerCue Editorial Team
Fidelity vs Fyers
Where Fidelity and Fyers differ
| Compare |  Fidelity |  Fyers |
|---|---|---|
| Minimum deposit | $0 | ₹0 |
| Stock trade fee | $0 | ₹20 |
| Account fee | $0 | ₹0 |
| Markets | Stocks, ETFs, Options, Bonds, Funds, Futures, ForexCovers more | Stocks, ETFs, Futures, Options, Bonds, Funds |
| Margin rate | 12.375%Lower | 12.49% to 16.49% |
| Options contract fee | $0.65 | ₹20 |
| Inactivity fee | $0 | Not confirmed |
| Regulators | SEC, FINRA, SIPC | Not confirmed |
| Investor protection | SIPC up to USD 500,000 | Not confirmed |
| Account types | IRA, Roth IRA, Joint | Not confirmed |
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Key differences
- Fidelity scores higher overall: 9.5 vs 9.3.
- Margin rate is lower at Fidelity: 12.375% vs 12.49% to 16.49%.
- Markets: only Fidelity offers Forex.
- Features: only Fidelity offers Fractional shares, Crypto, Options.
- Pricing model: only Fidelity offers Commission free.
- Pricing model: only Fyers offers Low fees.
- Audience: only Fidelity offers Beginners.
- Audience: only Fyers offers Day traders.
Our verdict on each
Fidelity
Fidelity is a US brokerage that suits investors who want to hold and trade without a standing charge: its minimum deposit, account fee and inactivity fee all sit at $0, $0 and $0. Stock dealing is commission-free, with SIPC protection recorded as SIPC up to USD 500,000.
Fyers
Fyers suits experienced traders who want a low cost account with nothing at all to pay to open or hold. Stock trades cost INR 20 and the account fee is INR 0, so the charges only bite on traders who place many orders each month.
Score breakdown
| Area | Fidelity | Fyers |
|---|---|---|
| Cost | 9.1HigherSite ranks it 1 of 138 on account fee and 1 of 161 on stock trade fee. | 9.0Account fee and minimum deposit are INR 0 and INR 0, but a stock trade at INR 20 sits above the cheapest. |
| Offer | 9.5 | 9.7Higher |
| Trust | 9.8 | Not confirmed |
How they place
| Ranking | Fidelity | Fyers |
|---|---|---|
| Stock and ETF brokers | 37 of 490 | 60 of 490 |
| Options trading platforms | 9 of 103 | 18 of 103 |
| Futures trading platforms | 10 of 83 | 15 of 83 |
Every fact side by side
| Fact | Fidelity | Fyers |
|---|---|---|
| Features | Fractional shares, Demo account, Mobile app, Crypto, Options, FuturesCovers more | Demo account, Mobile app |
| Pricing model | Commission free | Low fees |
| Audience | Beginners, Experienced | Experienced, Day traders |
| Legal entity | FIDELITY BROKERAGE SERVICES LLC | Not confirmed |
| Headquarters | United States | Not confirmed |
| Founded | 1946 | Not confirmed |
| Support channels | Phone, Community | Not confirmed |
Robo-advisors
| Fact | Fidelity | Fyers |
|---|---|---|
| Portfolio types | ETF, ESG, Crypto | Not confirmed |
Where each stands against the rest
| Fact | Fidelity | Fyers | Median |
|---|---|---|---|
| Inactivity fee | $0at the median | Not confirmed | $0 |
| Margin rate | 12.375%highest quarter | 12.49% to 16.49%highest quarter | 8.79% |
Median across 36 listed brokers.
Pros and cons
Fidelity
Pros
- Costs sit at the floor: stock trade fee $0, account fee $0, inactivity fee $0 and minimum deposit $0
- The client entity is listed on the SIPC register as SIPC member 23292, with protection recorded at SIPC up to USD 500,000
- Account types cover retirement and shared holdings: ira, roth ira and joint
Cons
- Support runs on phone and community only, so that list carries no chat or email channel
- Options contracts cost $0.65 each, the main charge where stock dealing is free
- Margin borrowing is priced at 12.375%, a cost on top of the free equity dealing
Fyers
Pros
- The account fee is INR 0 and the minimum deposit is INR 0, so holding the account costs nothing.
- It runs on a low fee model, with a stock trade at INR 20 and options at INR 20.
- A single account covers stocks, etfs and futures, with a demo account and a mobile app included.
Cons
- A stock trade costs INR 20 against $0 at eToro, so frequent traders pay more.
- The stated audience is experienced and day traders, so a first time investor gets little guidance.
- Borrowing to trade attracts a margin rate of 12.49% to 16.49%, a cost the cash account does not carry.
Who each suits
Fidelity
Who it suits
- Retirement savers, since ira, roth ira and joint are all listed as account types
- Buyers investing small amounts, as fractional shares sit in fractional shares, demo account and mobile app
- Traders who want stocks, bonds, funds, options, futures and forex in one place, as stocks, etfs and options shows
Who should look elsewhere
- Traders who want CFDs, since stocks, etfs and options leaves them out and CFI lists stocks, etfs and forex
- Anyone who prefers a required opening deposit, since $0 sets none where Vantage asks $5
Fyers
Who it suits
- Anyone who wants no minimum deposit, since it is INR 0
- Traders who hold stocks, etfs and futures in a single account
- Cost watchers who trade often, at INR 20 a stock trade
Who should look elsewhere
- eToro users, whose stock trade fee is $0 against INR 20 here
- Vantage users who expect a set minimum deposit, since Vantage lists $5
- First time investors who want hand holding, as the audience is experienced and day traders
Current offers
Fyers
Current offer
First period offer
Zero Brokerage for the First Month: 0 brokerage first month
New accounts
Source, checked September 26, 2026
Country by country
| Country | Fidelity | Fyers |
|---|---|---|
| India | No | Yes |
| United States | Yes | No |
Questions about each
Fidelity
What does it cost to trade stocks at Fidelity?+
Stock dealing is commission-free, with a stock trade fee of $0. The account fee is $0 and the minimum deposit is $0, so there is no standing charge to hold the account. Options contracts are the exception, at $0.65 each.
Is there an inactivity fee if I stop trading?+
The inactivity fee is $0, so an idle account is not charged for sitting still. On the site it ranks 1 of 56 brands measured for that fee. With the account fee at $0, a dormant account carries no listed running cost.
Fyers
What does it cost to trade stocks and options?+
A stock trade costs INR 20 and an options contract costs INR 20. Both are per order charges, so a trader who places many small orders pays more than one who holds a longer position. The account fee does not add to that.
Is there an account fee or a minimum deposit?+
The account fee is INR 0 and the minimum deposit is INR 0, so there is nothing to pay to open an account and nothing to hold one. You can add money in the amount and on the timescale that suits you.
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