In this page, I am providing side by side comparison of FYERS Vs India Infoline (IIFL) .
FYERS falls in Discount Broker category. Hence they offer limited services but charges flat brokerage charges. They are located at Bengaluru.
Whereas IIFL is full service broker and provides many services to its clients. Both of these brokers offer research and recommendation to their customers.
There are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of FYERS Vs IIFL :
Parameters | IIFL | FYERS |
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| Review | ||
| Type of Broker |
Full Service Broker |
Discount Broker |
| Incorporation Year | 1995 | 2015 |
| Supported Exchanges | NSE, BSE, MCX-SX , MCX and NCD-EX | NSE, BSE |
Account Related Charges |
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| Trading Account Opening Fees | Rs 750 | Rs 0 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 555 | Rs 0 |
| Demat Account AMC | Rs 300 | Rs 400 |
Brokerage Charges |
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| Equity Delivery Brokerage | 0.5% | Rs 20 per executed order |
| Equity Intraday Brokerage | 0.05% | Rs 20 per executed order |
| Equity Futures Brokerage | 0.05% | Rs 20 per executed order |
| Equity Options Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 20 per executed order |
| Currency Futures Trading Brokerage | 0.05% | Rs 20 per executed order |
| Currency Options Trading Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 20 per executed order |
| Commodity Trading Brokerage | 0.03% | NA |
| Minimum Brokerage Charges | 5 paisa per share | NIL |
| Monthly Unlimited Plans |  | |
| Brokerage Calculator | IIFL Brokerage Calculator | FYERS Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.0035% | 0.00325% |
| Equity Intraday | 0.0035% | 0.00325% |
| Equity Futures | 0.0021% | 0.00240% |
| Equity Options | 0.051% (On Premium) | 0.059% (On Premium) |
| Currency Futures | 0.0021% | 0.0024% |
| Currency Options | 0.051% (On Premium) | 0.059% (On Premium) |
| Commodity | 0.028% | NA |
Exposure |
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| Equity | Upto 20 times Intraday and 3 times for Delivery | Upto 15 times Intraday and 3 to 5 times for Delivery |
| Equity Futures | 3 times for Intraday | upto 5 times |
| Equity Options | Buying No leverage and Shorting upto 3 times | upto 5 times |
| Currency Futures | 2 times for Intraday | upto 5 times |
| Currency Options | Buying No leverage and Shorting upto 2 times | upto 5 times |
| Commodities | Upto 2 times intraday | NA |
Features |
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| 3 in 1 Account | | |
| Mobile Trading |  | |
| Charting | | |
| Automated Trading | | |
| After Trading Hour Orders | | |
| SMS Alerts | | |
| Margin Funding | | |
| Trading Platform | Trader Terminal (TT), Market App, Trader web | FYERS One, FYERS market and FYERS Web |
Investment Services |
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| Stock / Equity | | |
| Commodity | | |
| Currency | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
Customer Service Channels |
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| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Support Through Branches | | |
| Relationship Managers | | |
Research Reports/Tips/Recommendations |
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| Daily Market Report | | |
| Tips/Recommendations | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
| Robo Advisory | | |
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of FYERS with other Brokers:
FYERS in comparison with other Stock Brokers |
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Point By Point Comparison of IIFL with other Brokers:
IIFL in comparison with other Stock Brokers |
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