FYERS Vs IIFL : Side By Side Comparison

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
Review	IIFL Review	FYERS 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
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
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
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
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
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
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory
Promotional Offers
	Zero Account Opening Charges Zero AMC for First Year	Zero Account Opening Charges

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:

Point By Point Comparison of IIFL with other Brokers: