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IIFL vs Fyers – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of IIFL vs Fyers. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IIFL & Fyers will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IIFL vs Fyers In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This IIFL & Fyers comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare Fyers & IIFL

Overview of IIFL & Fyers

Overview IIFL Fyers
Company Type Public Private
Broker Type Full Service Broker Discount Broker
Headquarters Thane Bangalore, Karnataka
Founder Nirmal Jain, R. Venkataraman Tejas Khoday, Shreyas Khodey & Yashas Khodey
Established Year 1995 2015

IIFL vs Fyers Customer Ratings Comparison

Customer Ratings IIFL Fyers
Experience 8.8 / 10 3.0/10
Products & Services 9.0 / 10 8.5/10
Brokerage Charges & Fees 8.8 / 10 5.9/10
Stock Research & Advisory 8.2 / 10 6.0/10
Trading Platforms 8.9 / 10 5.6/10
Overall Ratings 8.74 / 10 5.7/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 7218 123

IIFL vs Fyers Demat Account Comparison

Demat Services IIFL Fyers
Depository Source NSDL & CDSL CDSL & NSDL
Account Opening Charges Rs 295 Free
Demat AMC Charges Rs 0 (Free for 1st year) 1st Year Free & Rs.300 per Annum
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R R

Fyers vs IIFL Brokerage Charges Comparison

Brokerage Charge & Fees IIFL Fyers
Equity Delivery Trading Rs 0 (Free) Free
Equity Intraday Trading Rs 20 per order 0.01% or Rs.20 per Executed order
Commodity Options Trading Rs 20 per order 0.01% or Rs.20 per Executed order
Equity Futures Trading Rs 20 per order 0.01% or Rs.20 per Executed order
Equity Options Trading Rs 20 per order Rs.20 per executed order
Currency Futures Trading Rs 20 per order 0.01% or Rs.20 per Executed order
Currency Options Trading Rs 20 per order Rs.20 per executed order
Minimum Brokerage Rs.0.05 per Share Rs.20 per executed order
Demat AMC Charges Rs 0 (Free for 1st year) Free for 1st year & Rs.300
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator IIFL Brokerage Calculator Fyers Brokerage Calculator

Fyers & IIFL Other Charges Comparison

Other Charges IIFL Fyers
Transaction Charges 0.00325% of Total Turnover 0.00275% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Fyers & IIFL Offers

Offers IIFL Fyers
Free Demat Account S R
Free Trading Account R R
Discount on Brokerage S R
Trading Happy Hours S S
Flexible Brokerage Plans R S
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of IIFL vs Fyers

Services IIFL Fyers
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R S
Robo Advisory S S
PMS R S
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Fyers & IIFL Research & Advisory

Research & Advisory IIFL Fyers
Fundamental Reports R S
Research Reports R S
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips R R
IPO Reports R S
Top Picks R S
Daily Market Review R S
Monthly Reports R S
Weekly Reports R S
Offline Advisory R S
Relationship Manager R S

IIFL vs Fyers Exposure/Leverage

Exposure / Leverage IIFL Fyers
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator IIFL Margin Calculator Fyers Margin Calculator

IIFL vs Fyers Product Comparison

Products IIFL Fyers
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking S S
SIP R R
Insurance S S

IIFL vs Fyers Trading Platform Comparison

Trading Platforms IIFL Fyers
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R R
Multi Account Management R S

IIFL vs Fyers Customer Support

Customer Support IIFL Fyers
Dedicated Dealer R S
Offline Trading S S
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support R S
Toll Free Number 1800 3000 1155 S
Branches 120 No Branch

IIFL vs Fyers Customer Complaints

Complaints (Current Year) IIFL Fyers
Lodged in BSE 145 45
Resolved in BSE 122 40
Lodged in NSE 214 64
Resolved in NSE 212 58

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