IIFL Securities Vs Fyers (Compare IIFL Securities and Fyers)


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL 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 as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd


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
Exchnage Membership NSE, BSE, MCX NSE, MCX
Year of Incorporation 1996 2015
Number of Branches 900 0
Open an Online Trading Account with IIFL Securities.Open an Online Trading Account with Fyers.
Open IIFL Securities AccountOpen Fyers Account
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IIFL Securities Vs Fyers Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Fyers Demat Account AMC Charges is Rs 300.

  IIFL Securities Fyers
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 300
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IIFL Securities Vs Fyers Brokerage Charges & Plans

IIFL Securities Vs Fyers Brokerage

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

  IIFL Securities Fyers
Account Type iServe Flat Fee Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

IIFL Securities Charges Vs Fyers

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

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

  IIFL Securities Fyers
Equity Delivery Rs 325 per Cr (0.00325%) Rs 325 per Cr (0.00325%)
Equity Intraday Rs 325 per Cr (0.00325%) Rs 325 per Cr (0.00325%)
Equity Futures Rs 210 per Cr (0.0021%) Rs 240 per Cr (0.0024%)
Equity Options Rs 5100 per Cr (0.051%) (on premium) Rs 5900 per Cr (on premium) (0.059%)
Currency Futures Rs 210 per Cr (0.0021%) Rs 240 per Cr (0.0024%)
Currency Options Rs 5100 per Cr (0.051%) (on premium) Rs 5900 per Cr (on premium) (0.059%)
Commodity Group A - Rs 280 per Cr (0.0028%) NA
Open IIFL Securities AccountOpen Fyers Account
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IIFL Securities Vs Fyers Leverage (Margin)

IIFL Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Fyers margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  IIFL Securities Fyers
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Open IIFL Securities AccountOpen Fyers Account
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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 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
Open IIFL Securities AccountOpen Fyers Account
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IIFL Securities Vs Fyers Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

  IIFL Securities Fyers
  118 Customer Reviews    Rate IIFL Securities 21 Customer Reviews    Rate Fyers
Fees 2.8 3.3
Brokerage 2.6 3.7
Trading Platform 3.2 3.2
Customer Service 2.7 3.4
Research Capabilities 3.3 1.7
Overall Ratings Rated 2.7 stars Rated 3.2 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews Fyers is rated 3.2 of 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Fyers Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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IIFL Securities Vs Fyers Investment Options

  IIFL Securities Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Open IIFL Securities AccountOpen Fyers Account
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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 Yes
Trader Yes Yes
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IIFL Securities Vs Fyers - Pros and Cons

  IIFL Securities Fyers
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities 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 Rs 20 per trade.
  • Free account opening.
  • 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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Open IIFL Securities AccountOpen Fyers Account

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