Unlimited Trading @ Rs 899 per month - Prostocks

IIFL Vs Fyers (Compare IIFL and Fyers)

The side-by-side comparison of IIFL and Fyers. Compare IIFL Vs Fyers brokerage, charges, exposure margin, demat account. Read Fyers and IIFL review.

Find out IIFL Vs Fyers which is better and IIFL Vs Fyers which is best.

Our IIFL Securities Limited comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between IIFL and Fyers.


IIFL Vs Fyers

  IIFL Fyers
Find more info about broker
IIFL Securities Limited Logo Fyers Securities Ltd Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited 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", representi... Know more about Fyers Securities Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX NSE, MCX
Account Type Standard Account Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with IIFL. 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.
Year of Incorporation 1996 2015
Number of Branches 900 0
Enquire IIFL Enquire Fyers

IIFL Vs Fyers Charges

  IIFL Fyers
Trading Account Opening Fees ₹750 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹555 ₹0 (Free)
Demat Account AMC ₹ 400 (One time) ₹400
Demat Account is Mandatory? No No

IIFL Vs Fyers Brokerage

Brokerage Plan 1

  IIFL Fyers
Account Type Standard Account Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹20 per executed order
Currency Futures Trading Brokerage ₹25 per lot ₹20 per executed order or .01% 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% NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0.05 per share
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

IIFL Vs Fyers Taxes

  IIFL Fyers
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.

IIFL Vs Fyers Transaction Charges

  IIFL 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

IIFL Vs Fyers Exposure Margin

  IIFL Fyers
Equity Delivery Upto 3x with 18% interest per year 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

IIFL and Fyers Feature Comparison

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

IIFL Vs Fyers Review

  IIFL Fyers
  105 Customer Reviews    Rate IIFL 10 Customer Reviews    Rate Fyers
Fees Ratings 2.9 3.3
Trading Brokerage Rating 2.6 3.9
Trading Platform Usability 3.3 3.2
Customer Service Ratings 2.7 4.1
Overall Ratings Rated 2.7 stars Rated 3.7 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 105 customer reviews Fyers is Rated 3.7 / 5 based on 10 customer reviews

Contact Broker / Request A Call Back

  IIFL Enquire Fyers Enquire
Contact Broker

IIFL Vs Fyers Investment Options

  IIFL Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD No
Debt Yes No
Other Investment Options

IIFL Vs Fyers Customer Service

  IIFL Fyers
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No

IIFL Vs Fyers Order Type Offered

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

IIFL Vs Fyers Research Report

  IIFL Fyers
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

IIFL Vs Fyers Suitable For Investor Type

  IIFL Fyers
Casual Investor Yes
Active Investor Yes
Trader Yes

IIFL Vs Fyers - Advantages and Disadvantages

  IIFL Fyers
  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.

More Advantages...

  • 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!

More Advantages...

  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.

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

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