IIFL Securities Vs Fyers (Compare IIFL Securities and Fyers)

The side-by-side comparison of IIFL Securities and Fyers. Compare IIFL Securities Vs Fyers brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best IIFL Securities vs Fyers?


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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IIFL Securities Vs Fyers

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  IIFL Securities Fyers
Type of Broker Full Service Broker Discount Broker
Supported Exchnages NSE, BSE, MCX NSE, MCX
Account Type Flat Brokerage Plan (FBP) Flat Fee Brokerage Plan
Year of Incorporation 1996 2015
Number of Branches 900 0
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs Fyers Charges & AMC

IIFL Securities trading account opening charges is ₹750 while Fyers account opening changes is ₹400 (Free). IIFL Securities Demat Account AMC Charges is ₹400 per year and Fyers Demat Account AMC Charges is ₹300.

  IIFL Securities Fyers
Trading Account Opening Charges ₹750 ₹400 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹400 per year ₹300
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IIFL Securities Vs Fyers Brokerage Charges & Plans

IIFL Securities Vs Fyers Brokerage

IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

  IIFL Securities Fyers
Account Type Flat Brokerage Plan (FBP) Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

IIFL Securities Vs Fyers Brokerage Plan 2

  IIFL Securities Fyers
Account Type Variable Brokerage Plan (VBP) Flat Fee Brokerage Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.15% to 0.60% ₹0 (Free)
Equity Intraday Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher ₹20 per executed order
Currency Futures Trading Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹20 per executed order
Commodity Futures Trading Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹20 per executed order
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IIFL Securities Vs Fyers Brokerage Plan 3

  IIFL Securities Fyers
Account Type Advance Brokerage Plan (Prepaid) Flat Fee Brokerage Plan
Fixed Charges ₹5,000 to ₹1,00,000 NA
Equity Delivery Brokerage 0.35% to 0.05% ₹0 (Free)
Equity Intraday Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order
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IIFL Securities Charges Vs Fyers

Minimum Brokerage Charges ₹0.05 per share (₹25 Min) Intra-day: ₹7 or 2.5% whichever is lower
Other Brokerage Charges Advisory SMS - ₹50 per month Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹50 per call ₹20 per trade
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IIFL Securities Vs Fyers Transaction Charges

IIFL Securities transaction charges for options is 0.051% on premium while Fyers exchange transaction charges for options is ₹5900 per Cr (on premium) (0.059%).

  IIFL Securities Fyers
Equity Delivery 0.00325% ₹325 per Cr (0.00325%)
Equity Intraday 0.00325% ₹325 per Cr (0.00325%)
Equity Futures 0.0021% ₹240 per Cr (0.0024%)
Equity Options 0.051% on premium ₹5900 per Cr (on premium) (0.059%)
Currency Futures 0.0021% ₹240 per Cr (0.0024%)
Currency Options 0.051% on premium ₹5900 per Cr (on premium) (0.059%)
Commodity 0.0028% NA
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IIFL Securities Vs Fyers Leverage (Margin)

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

  IIFL Securities Fyers
Equity Delivery Upto 3x (18% Annual Interest) 1 times
Equity Intraday Upto 20x Up to 16x (based on the stock)
Equity Futures Upto 3x Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 3x for shorting Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Upto 2x Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures Upto 3x NA
Commodity Options
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Compare IIFL Securities and Fyers Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Fyers offers Fyers One (In-house build) trading software.

  IIFL Securities Fyers
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App Fyers One (In-house build)
Intraday Square-off Time 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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IIFL Securities Vs Fyers Review

IIFL Securities is rated 2.7 of 5 based on 111 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

  IIFL Securities Fyers
  111 Customer Reviews    Rate IIFL Securities 14 Customer Reviews    Rate Fyers
Fees 2.8 3.6
Trading Brokerage 2.6 4.0
Trading Platform Usability 3.3 3.6
Customer Service 2.7 4.3
Research Capabilities 3.5 2.0
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 111 customer reviews Fyers is rated 4.0 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Fyers Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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IIFL Securities Vs Fyers Investment Options

  IIFL Securities Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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IIFL Securities Vs Fyers Order Type Offered

  IIFL Securities Fyers
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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IIFL Securities Vs Fyers Research Report

  IIFL Securities Fyers
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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IIFL Securities Vs Fyers Suitable For Investor Type

  IIFL Securities Fyers
Casual Investor
Active Investor Yes
Trader Yes Yes
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IIFL Securities Vs Fyers - Pros and Cons

  IIFL Securities Fyers
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

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