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Fyers vs IIFL (Compare Fyers vs IIFL)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Fyers vs IIFL, Below comparison of Fyers vs IIFL highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Fyers vs IIFL is given below:

Fyers IIFL
About The Brokers
Fyers :

"FYERS is the revolutionary name in the stockbroker industry who has bought crisp technology and smooth trading platform along with the concept of thematic investment"   >>> more

IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Find More Information about the Broker :
Fyers :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Fyers :
 Discount Broker
IIFL :
 Full Service Broker
Promo/offers
Fyers :
Special Offer: Free equity delivery trade for Lifetime + Flat ₹20 Intra-day and F&O trades. Get the offer
IIFL :
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
Advantage
Fyers :
  •   Rs. 20 flat-fee trades.
  •   Brokerage free Investment in Mutual funds
  •   Brokerage free Equity delivery Trade
  •   High Performance Trading platforms
  •   Free Demat & Trading account for Life, Fyers do not charge trading and demat account opening fees & AMC.
  •   They provide unique portfolio investment for new entrants in the market called thematic investing at 100 per theme. (Buying at Free of cost , ₹100 or 2% (Whichever is lower) on Sell/Exit, Re-balance, Modify
  • No Hidden Charges , Fyers is very transparent on charges  
  • All trading software are available for free of cost  
  • Possibility of earning via referral, earn 20% of the revenues generated by your friends, for life
  • Trade profitably for 30 days & get your brokerage refunded.
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Disadvantage
Fyers :
  •   No team of experts for market research.
  • Rs. 50 Admin square-off Charges
  •   Call & Trade services at Rs 50 per executed order
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Why This
Fyers :
  •  They Charge Flat brokerage of ₹20/- per executed order.
  •  Brokerage free Equity delivery Trade & Mutual Fund Investment.
  •  No proprietary trading. Pure brokerage firm.
  •  The distinguishing feature of Fyers- "Thematic investing".
  •  Technological advance online trading platforms are provided to its customers.
  •  They have customer support above average, and referral programmes are also worth investing your valuable time.
  •  Provide various researching tools like Margin, Brokerage, brokerage comparison calculator, option strategy.
  •  Trade profitably for 30 days & get your brokerage refunded.
  • Trade from charts, get the most popular technical indicators, drawing tools, multiple charts and many other functions. 
  •  Maximum Historical data- Get 24+ years of historical EOD & 4+ years of historical intraday charts with 100+ technical indicators.
  •  IPOs and FPOs through UPI payments.
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.

Fyers vs IIFL Account Opening & AMC Charges

Fyers Trading Account Opening Fee is ₹0 (Free) and IIFL Trading Account Opening Fee is ₹250+GST . Fyers Demat Account AMC is ₹0 (Free) and IIFL Demat Account AMC is ₹0 (for the 1st Year) and after ₹400 per year .

Fyers IIFL
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

Trading Account Opening Fee :

₹250+GST

Demat Account Opening Fee Demat Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

₹0 (Free)

Demat Account AMC :

₹0 (for the 1st Year) and after ₹400 per year

Trading Account AMC Trading Account AMC :

₹0 (Free)

Trading Account AMC :

₹0


Fyers vs IIFL Brokerage Charges

Fyers Brokerage Charges Equity Delivery is ₹0 (Free) and Equity Intraday is ₹20 per executed order or .03% whichever is lower and Equity Options is ₹20 per executed order . IIFL Brokerage Charges Equity Delivery is ₹ 0 and Equity Intraday is ₹ 20 or 0.05% whichever is lower and Equity Options is ₹ 20 .

Fyers IIFL
Plan Name Plan Name :

Fyers

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

₹0 (Free)

Equity Delivery :

₹ 0

Equity Intraday Equity Intraday :

₹20 per executed order or .03% whichever is lower

Equity Intraday :

₹ 20 or 0.05% whichever is lower

Equity Future Equity Future :

₹20 per executed order or .03% whichever is lower

Equity Future :

₹ 20 or 0.05% whichever is lower

Equity Options Equity Options :

₹20 per executed order

Equity Options :

₹ 20

Currency Futures Currency Futures :

₹20 per executed order or .03% whichever is lower

Currency Futures :

₹ 20 or 0.05% whichever is lower

Currency Options Currency Options :

₹20 per executed order

Currency Options :

₹ 20

Monthly Fee Monthly Fee :

NA

Monthly Fee :

₹0

Margin Trading Margin Trading : - Margin Trading :

Yes

Commodity Futures Commodity Futures :

₹20 per executed order or .03% whichever is lower

Commodity Futures :

₹ 20 or 0.05% whichever is lower

Commodity Options Commodity Options :

₹20 per executed order

Commodity Options :

₹ 20


Fyers vs IIFL Transaction Charges (Per Crore)

Fyers Transaction Charges (Per Crore) Equity Future is ₹240 per Cr (0.0024%) and Equity Options is ₹5900 per Cr (on premium) (0.059%) . IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium .

Fyers IIFL
Equity Delivery Equity Delivery :

₹325 per Cr (0.00325%)

Equity Delivery :

0.00325%

Equity Intraday Equity Intraday :

₹325 per Cr (0.00325%)

Equity Intraday :

0.00325%

Equity Future * Equity Future :

₹240 per Cr (0.0024%)

Equity Future :

0.0021%

Equity Options * Equity Options :

₹5900 per Cr (on premium) (0.059%)

Equity Options :

0.051% on premium

Currency Futures * Currency Futures :

₹240 per Cr (0.0024%)

Currency Futures :

0.0021%

Currency Options Currency Options :

₹5900 per Cr (on premium) (0.059%)

Currency Options :

0.051% on premium

Commodity Commodity :

NA

Commodity :

0.0028%


Fyers vs IIFL Other Charges

Fyers Minimum Brokerage is NA and Call & Trade is ₹50 per trade . IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call .

Fyers IIFL
Minimum Brokerage Minimum Brokerage :

NA

Minimum Brokerage :

₹0.05 per share (₹25 Min)

Call & Trade Call & Trade :

₹50 per trade

Call & Trade :

₹50 per call

Stamp Duty * Stamp Duty :

Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%

Stamp Duty :

Charges as per the state of residence

DP Charges (on sell side) DP Charges (on sell side) :

₹7 + ₹5.5 (CDSL Charges)

DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

Other Miscellaneous Charges Other Miscellaneous Charges :

Square-off by Fyers - ₹50/ trade, NRI Brokerage: ₹100/ executed order (For all segments)

Other Miscellaneous Charges :

Advisory SMS - ₹50 per month


Fyers vs IIFL Features

Fyers and IIFL both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Fyers IIFL
Trading Platform Trading Platform :

FYERS One Desktop, Mobile and Web Platform

Trading Platform :

Trader terminal and IIFL Markets App

Placing orders through charts Placing orders through charts :

Yes

Placing orders through charts :

No

Trading Alerts Trading Alerts :

Yes

Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers :

30 Day Challenge, Thematic Investing

Unique features & Offers :

Market mantra, IIFL calls, Loyalty points

Referral Program Referral Program :

1

Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

No


Fyers vs IIFL Demat Account Charges

A comparative table of various demat account charges between Fyers and IIFL is below:

Fyers IIFL
Depository Service Provider Depository Service Provider :

CDSL & NSDL

Depository Service Provider :

CDSL and NSDL

Account Opening Fee Account Opening Fee :

Free

Account Opening Fee :

₹750

Advance Deposit Advance Deposit :

NIL

Advance Deposit :

Nil

AMC AMC :

₹0 (Free)

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹0 per certificate + ₹35 courier charges

Dematerialisation Charges :

₹15 per certificate + ₹40 as postal charges

Rematerialisation Charges Rematerialisation Charges :

₹0

Rematerialisation Charges :

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

Transaction Charges (Credit) Transaction Charges (Credit) :

₹0

Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

₹7 + ₹5.50 flat for every debit transaction

Transaction Charges (debit) :

0.05% (Min ₹15 and max ₹100)

Pledge Creation Charges Pledge Creation Charges :

₹0

Pledge Creation Charges :

₹50

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹0

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

₹0

Pledge Invocation Charges :

Nil

Failed Instruction Charges Failed Instruction Charges :

₹0

Failed Instruction Charges :

Nil

Other Charges Other Charges : - Other Charges :

Nil


Fyers vs IIFL Basic Details

Fyers Year of Incorporation is 2015 and Total Number of Clients is 68375 and . IIFL Year of Incorporation is 1996 and Total Number of Clients is 389623 and Total Number of Branches is 900 .

Fyers IIFL
Year of Incorporation Year of Incorporation :

2015

Year of Incorporation :

1996

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX

Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Demat Services Demat Services :

Yes

Demat Services :

Yes

Website Website :

http://fyers.in/

Website :

https://www.indiainfoline.com

Contact Details Contact Details :

080-46251111

Contact Details :

022-400710000

Total Number of Clients Total Number of Clients :

68375

Total Number of Clients :

389623

Total Number of Branches Total Number of Branches : - Total Number of Branches :

900

Products * Products : - Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking


Fyers vs IIFL Leverage

Leverage

Fyers IIFL
Equity Delivery Equity Delivery :

100% of trade value (1x leverage)

Equity Delivery :

Upto 3x (18% Annual Interest)

Equity Intraday Equity Intraday :

Up to 20% of trade value (5x leverage)

Equity Intraday :

Upto 20x

Equity Futures Equity Futures : - Equity Futures :

Upto 3x

Equity Options Equity Options : - Equity Options :

3x for shorting

Currency Futures Currency Futures : - Currency Futures :

Upto 2x

Currency Options Currency Options : - Currency Options :

2x for shorting

Commodity Futures Commodity Futures :

NA

Commodity Futures :

Upto 3x

Commodity Options Commodity Options : - Commodity Options : -
F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) :

100% of NRML margin (Span + Exposure) (1x leverage

F&O (Eq, Curr, Comm) : -

Fyers vs IIFL Orders

Orders

Fyers IIFL
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

Yes

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes


Fyers vs IIFL Research and Advice / Trading Tips

Research and Advice / Trading Tips

Fyers IIFL
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

No

Comparison :

Yes

Free Tips * Free Tips :

No

Free Tips :

Yes

Daily Market report * Daily Market report :

No

Daily Market report :

Yes

ETF research * ETF research :

No

ETF research :

Yes

Quarterly Results * Quarterly Results :

No

Quarterly Results :

Yes


Fyers vs IIFL Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Fyers IIFL
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.10,000

Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000


Fyers vs IIFL Product & Services

Fyers and IIFL both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Fyers IIFL
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

Yes

Call in Trade * Call in Trade :

Yes

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

Yes

NRI Services :

Yes

SMS Alerts * SMS Alerts :

No

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

Yes

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No


Fyers vs IIFL Customer Services

Fyers and IIFL both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Fyers IIFL
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

No

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

Yes

Customer Care * Customer Care :

Yes

Customer Care :

Yes

Community Service * Community Service :

Yes

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support :

No


Fyers vs IIFL Other Investement

Fyers and IIFL both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Fyers IIFL
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

No

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

Yes

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services :

No

Insurance Services :

Yes

Banking Services * Banking Services :

No

Banking Services :

No


Fyers vs IIFL Trading PlatForm

Fyers and IIFL both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Fyers IIFL
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

Yes

Virtual Trading * Virtual Trading :

No

Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

Yes

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