Updated September 29, 2026 · BrokerCue Editorial Team
Fyers vs Robinhood
Fyers vs Robinhood: the differences
| Compare |  Fyers |  Robinhood |
|---|---|---|
| Minimum deposit | ₹0 | $0 |
| Stock trade fee | ₹20 | $0 |
| Account fee | ₹0 | $0 |
| Markets | Stocks, ETFs, Futures, Options, Bonds, Funds | Stocks, ETFs, Options, Futures, Crypto |
| Margin rate | 12.49% to 16.49% | 3.95%Lower |
| Options contract fee | ₹20 | $0 |
| Inactivity fee | Not confirmed | $0 |
| Regulators | Not confirmed | Bank of Lithuania (LSC), LT BL, SIPC |
| Investor protection | Not confirmed | EU ICS up to EUR 20,000 |
| Deposit and withdrawal fees | Not confirmed | $100 outgoing transfer |
| Platforms | Not confirmed | Robinhood app, Robinhood Legend |
| Account types | Not confirmed | IRA, Roth IRA, Joint |
| Maximum retail leverage | Not confirmed | 10X |
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Key differences
- Robinhood scores higher overall: 9.4 vs 9.3.
- Margin rate is lower at Robinhood: 3.95% vs 12.49% to 16.49%.
- Markets: only Fyers offers Bonds, Funds.
- Markets: only Robinhood offers Crypto.
- Features: only Fyers offers Demo account.
- Features: only Robinhood offers Crypto, Fractional shares, Options.
- Pricing model: only Robinhood offers Commission free.
- Audience: only Fyers offers Experienced.
- Audience: only Robinhood offers Beginners.
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.
Robinhood
Robinhood suits first-time investors and small, regular investors who want nothing charged for holding or trading. It is the cheapest way in on our data, with a minimum deposit of $0, no account fee and no inactivity charge, under the Bank of Lithuania and SIPC.
Score breakdown
| Area | Fyers | Robinhood |
|---|---|---|
| Cost | 9.0Account fee and minimum deposit are INR 0 and INR 0, but a stock trade at INR 20 sits above the cheapest. | 9.6HigherStock trades cost $0, options contracts $0, the account fee is $0 and inactivity is $0. |
| Offer | 9.7Higher | 9.3 |
| Trust | Not confirmed | 9.3 |
Choosing between them
Pick Fyers if offer matter most.
Pick Robinhood if cost and margin rate matter most.
Where these facts come from
Fyers
- fyers.in: 9 facts, checked September 26, 2026
Robinhood
- finder.com: 7 facts, checked September 26, 2026
- esma.europa.eu: 4 facts, checked September 26, 2026
- mymillennialguide.com: 4 facts, checked September 26, 2026
- financer.com: 2 facts, checked September 26, 2026
- robinhood.com: 1 fact, checked September 26, 2026
How they place
| Ranking | Fyers | Robinhood |
|---|---|---|
| Stock and ETF brokers | 60 of 490 | 13 of 490 |
| Options trading platforms | 18 of 103 | 1 of 103 |
| Futures trading platforms | 15 of 83 | 3 of 83 |
Every fact side by side
| Fact | Fyers | Robinhood |
|---|---|---|
| Features | Demo account, Mobile app | Crypto, Fractional shares, Options, Futures, Mobile app |
| Pricing model | Low fees | Commission free, Low feesCovers more |
| Audience | Experienced, Day traders | Beginners, Day traders |
| Legal entity | Not confirmed | Robinhood Europe UAB |
| Headquarters | Not confirmed | Lithuania |
| Founded | Not confirmed | 2013 |
Where each stands against the rest
| Fact | Fyers | Robinhood | Median |
|---|---|---|---|
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Margin rate | 12.49% to 16.49%highest quarter | 3.95%lowest quarter | 8.79 |
Median across 36 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.
Robinhood
Pros
- Nothing to pay to open or hold an account, with an account fee of $0 and an inactivity fee of $0
- Trading a share costs $0, so a small first order is not eaten by commission
- You can start with a deposit of $0, lower than most brands on our data
Cons
- Leverage is available at 10X, which magnifies losses as well as gains
- Outgoing transfers carry a charge of $100 outgoing transfer
- Margin borrowing is priced at a margin rate of 3.95%, so interest adds to your cost
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
Robinhood
Who it suits
- Beginners opening a first account with a small deposit
- Day-traders working in options, futures and crypto on mobile
- Retirement investors using an IRA, Roth IRA or joint account
Who should look elsewhere
- Vantage if a flat minimum deposit of $5 suits you better
- CFI if you want forex and CFDs alongside shares, since its markets cover stocks, etfs and forex
- eToro if social copy trading matters more than options and futures
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 | Robinhood |
|---|---|---|
| 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.
Robinhood
What does it cost to trade shares on Robinhood?+
Trading a share costs $0, and an options contract costs $0. There is also an account fee of $0 and an inactivity fee of $0, so nothing is taken for simply holding the account open. Borrowing on margin is charged at a margin rate of 3.95%, which is the main running cost if you use leverage.
Is there a minimum deposit to open a Robinhood account?+
The minimum deposit is $0, so you can open an account and place a small first order without funding a large balance. It is worth comparing that with the deposits other brands ask for before you commit, since the figure varies widely across the market. Outgoing transfers are charged at $100 outgoing transfer, so factor that in if you plan to move money out early.
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