Updated September 29, 2026 · BrokerCue Editorial Team
Fyers vs Interactive Brokers
Fyers vs Interactive Brokers: the differences
| Compare |  Fyers |  Interactive Brokers |
|---|---|---|
| Minimum deposit | ₹0 | $0 |
| Stock trade fee | ₹20 | $0 |
| Markets | Stocks, ETFs, Futures, Options, Bonds, Funds | Bonds, ETFs, Forex, Funds, Futures, Options, StocksCovers more |
| Margin rate | 12.49% to 16.49% | 4.38%Lower |
| Options contract fee | ₹20 | $0.65 |
| Account fee | ₹0 | Not confirmed |
| Regulators | Not confirmed | SEC, FCA, SIPC |
| Investor protection | Not confirmed | SIPC up to USD 500,000 |
| Platforms | Not confirmed | Client Portal, IBKR Desktop, IBKR Mobile, Trader Workstation |
| Account types | Not confirmed | ISA, SIPP, IRA, Joint, Corporate |
| Interest on cash | Not confirmed | 3.38% |
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Key differences
- Interactive Brokers scores higher overall: 9.6 vs 9.3.
- Margin rate is lower at Interactive Brokers: 4.38% vs 12.49% to 16.49%.
- Markets: only Interactive Brokers offers Forex.
- Features: only Fyers offers Demo account.
- Features: only Interactive Brokers offers Fractional shares.
- Pricing model: only Interactive Brokers offers Commission free.
Our verdict on each
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.
Interactive Brokers
Interactive Brokers suits investors who want a single account across ISA, SIPP, IRA, joint and corporate holdings, with stocks, bonds, funds, forex, options and futures behind it. It ranks 1 of 213 brands on minimum deposit at $0, and stock trades are charged at $0.
Score breakdown
| Area | Fyers | Interactive Brokers |
|---|---|---|
| Cost | 9.0Account fee and minimum deposit are INR 0 and INR 0, but a stock trade at INR 20 sits above the cheapest. | 9.3HigherStock trades cost $0, the minimum deposit is $0 and an options contract costs $0.65. |
| Offer | 9.7Higher | 9.6Account types cover isa, sipp and ira, and the market list spans bonds, etfs and forex. |
| Trust | Not confirmed | 9.8 |
How they place
| Ranking | Fyers | Interactive Brokers |
|---|---|---|
| Stock and ETF brokers | 60 of 490 | 35 of 490 |
| Options trading platforms | 18 of 103 | 7 of 103 |
| Futures trading platforms | 15 of 83 | 8 of 83 |
Licences and countries
| Country | Fyers | Interactive Brokers |
|---|---|---|
| United Kingdom | Not confirmed | FCA 208159 |
| United States | Not confirmed | SIPC SIPC member 53615 |
Every fact side by side
| Fact | Fyers | Interactive Brokers |
|---|---|---|
| Features | Demo account, Mobile app | Fractional shares, Mobile app |
| Pricing model | Low fees | Commission free, Low feesCovers more |
| Audience | Experienced, Day traders | Not confirmed |
| Legal entity | Not confirmed | INTERACTIVE BROKERS LLC |
| Headquarters | Not confirmed | United States |
| Founded | Not confirmed | 1978 |
| Support channels | Not confirmed | Help centre, Community |
Robo-advisors
| Fact | Fyers | Interactive Brokers |
|---|---|---|
| Portfolio types | Not confirmed | ETF |
Where each stands against the rest
| Fact | Fyers | Interactive Brokers | Median |
|---|---|---|---|
| Account fee | ₹0at the median | Not confirmed | ₹0 |
| Margin rate | 12.49% to 16.49%highest quarter | 4.38%below the median | 8.79 |
| Interest on cash | Not confirmed | 3.38%above the median | 3% |
Median across 34 listed brokers.
Pros and cons
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.
Interactive Brokers
Pros
- A stock trade costs $0 and the minimum deposit is $0, the pairing behind rank 1 of 161 on stock trade fees among the brokers tracked here.
- The account types listed cover isa, sipp and ira, so an ISA, SIPP, IRA, joint or corporate account all sit under a single provider.
- bonds, etfs and forex puts stocks, ETFs, bonds, funds, forex, options and futures on the same account, with a margin rate of 4.38% for geared positions.
Cons
- Support runs on help centre and community, so a phone line and live chat sit outside the offer.
- bonds, etfs and forex covers shares, ETFs, bonds, funds, forex, options and futures but leaves out crypto and CFDs, which eToro lists in stocks, etfs and forex.
- An options contract costs $0.65 against a stock trade at $0, so options strategies pay a visible premium per contract.
Who each suits
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
Interactive Brokers
Who it suits
- Investors holding money across several wrappers, since the account types listed cover isa, sipp and ira.
- Traders who want options, futures, forex and bonds alongside shares on a single account, per bonds, etfs and forex.
- Anyone starting with a small balance: the minimum deposit is $0 and fractional shares appear in the feature list (fractional shares and mobile app).
Who should look elsewhere
- Anyone who trades crypto or CFDs, since bonds, etfs and forex leaves both out while eToro lists them in stocks, etfs and forex.
- Readers who want a stated entry figure as a signal of the provider's target size, since Vantage publishes $5 where this broker's minimum is $0.
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 | Fyers | Interactive Brokers |
|---|---|---|
| India | Yes | No |
Questions about each
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.
Interactive Brokers
What does it cost to trade shares?+
A stock trade is charged at $0 and the minimum deposit is $0, so opening an account and dealing in shares carry no charge. The money sits in derivatives and leverage instead, where an options contract costs $0.65 and the margin rate is listed at 4.38%.
Is my money protected?+
The regulatory list runs to SEC, FCA and SIPC, and investor protection is stated as SIPC up to USD 500,000. The UK entry is the FCA under licence 208159, while the US side names the SEC and the SIPC membership SIPC member 53615. The protection figure describes the scheme stated for the account and says nothing about how a trade performs.
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