Fyers Vs IIFL Securities
Fyers
Fyers Review- Free Investment in Equity Delivery, FNO Trades at Flat 20 Rs Fyers Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, Fyers Review of NRI Account, Branches, Customer Support, Advantages and Disadvantages.
IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Fyers Vs IIFL Securities - Broker Details
| Fyers | IIFL Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2015 | 1995 |
| Exchanges | BSE, NSE, MCX. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | 2000+ |
| Brokerage | ₹20/ Order or 0.03% ( Whichever is lower) | ₹20/ Order |
| Broker Type | Discount Broker | Full Service Broker |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Account Opening & AMC Charges
| Fyers | IIFL Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Brokerage charges & Plans
| Fyers | IIFL Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Equity Delivery | ₹0 | ₹20/ Order |
| Equity Options | ₹20/ Order | ₹20/ Order |
| Commodity Options | ₹20/ Order | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Currency Options | ₹20/ Order | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Other Charges
| Fyers | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Transaction Charges
| Fyers | IIFL Securities | |
|---|---|---|
| Currency Options | ₹5900/ Cr(on premium) (0.059%) | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | ₹240/ Cr (0.0024%) | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | ₹325/ Cr (0.00325%) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | ₹5900/ Cr (on premium) (0.059%) | NSE: 0.053% on Premium value |
| Commodity | NA | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | ₹240/ Cr (0.0024%) | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | ₹325/ Cr (0.00325%) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Margin (Exposure)
| Fyers | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Features
| Fyers | IIFL Securities | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Review & Rating
| Fyers | IIFL Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Request a call back from Broker
| Fyers | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Investment Options
| Fyers | IIFL Securities | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Order Type
| Fyers | IIFL Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Research & Report
| Fyers | IIFL Securities | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Daily Market Report
| Fyers | IIFL Securities | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Suitable For Investor
| Fyers | IIFL Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Pros & Cons
| Fyers | IIFL Securities | |
|---|---|---|
| Pros | 1.Free equity delivery trading 2.The brokerage rate charged by FYERS is ultra-low, Flat ₹20 per trade 3.Quick implementation of new features and services through in-house build trading platform. 4.Referral plan helps to earn 20% of the revenue generated by the referred friend for life time. 5.Investment opportunities in group of stocks through Thematic Investing. 6.Transparency in fee charging i.e. there are no hidden charges. 7.Availability of trading software’s that too completely free. | 1. It is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD). |
| Cons | 1.Higher exchange transaction charges in comparison to other discount brokers. 2. Lack of professional team for market analysis. 3.Depository Services are not provided. 4.FYERS does not provide commodity trading services 5.Customer service lines are not toll free. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds. |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Background
| Fyers | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Compare All Brokers
| Fyers | IIFL Securities | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - STT/CTT
| Fyers | IIFL Securities | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% on Sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell value | 0.01 % on Sell |
| Commodity Options | 0.05% on the sell value | 0.05% on Sell Side |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Demat transaction charges
| Fyers | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - GST
| Fyers | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - SEBI Charges
| Fyers | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Account Opening & AMC Charges
Fyers
IIFL Securities
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
Trading Account AMC
₹0 (Free)
₹0 (Free)
Fyers Vs IIFL Securities
| Fyers | IIFL Securities | |
|---|---|---|
FYERS Review 2024 | Brokerage Charges, Account OpeningFYERS Securities is a Bangalore based discount broker, offering trade in Equity cash, F&O and Currency Derivatives segments at NSE, BSE and MCX. Being incorporated in 2015, the firm focuses on providing services at low brokerage rates. In fact, FYERS is an acronym of “Focus Your Energy & Reform t .. + " Vs "+ IIFL Securities |
IIFL Securities Review | Features and Brokerage PlansIIFL Securities is a part of IIFL Group. IIFL group was incorporated in the year 1995 while IIFL Securities was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial s .. |
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IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Fyers Vs IIFL Securities - Brokerage charges & Plans
| Fyers | IIFL Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Currency Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Equity Delivery | ₹0 | ₹20/ Order |
| Equity Options | ₹20/ Order | ₹20/ Order |
| Commodity Options | ₹20/ Order | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Currency Options | ₹20/ Order | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order or 0.03% (whichever is lower)r | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Margin (Exposure)
| Fyers | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
Fyers Vs IIFL Securities - Other Charges
| Fyers | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | (₹50 + GST) | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | (₹50 + GST) | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.03% (whichever is lower) | ₹20/ Order |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account |
Fyers Vs IIFL Securities - STT/CTT
| Fyers | IIFL Securities | |
|---|---|---|
| Commodity Futures | 0.01% on the sell value | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on sell value | 0.025% on Sell |
| Equity Options | 0.05% on sell value (Premium) | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.10% | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell value | 0.01 % on Sell |
| Commodity Options | 0.05% on the sell value | 0.05% on Sell Side |
| Call Back Open Account |
Fyers Vs IIFL Securities - Demat transaction charges
| Fyers | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹7 + ₹5.5 (CDSL Charges) | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
| Call Back Open Account |
Fyers Vs IIFL Securities - GST
| Fyers | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
Fyers Vs IIFL Securities - SEBI Charges
| Fyers | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
Fyers Vs IIFL Securities - Features
| Fyers | IIFL Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity Cash:- 3:00 PM | Equity Derivatives:- 3:15 PM | Currency Derivatives:- 4:30 PM | Commodities:- 11:15 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Fyers One (Installable Trading terminal). 2. Fyers Markets (Mobile Trading application). 3. Fyers Web Trader (Web-based platform). | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
|
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| Direct Mutual Fund |
|
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| Call Back Open Account | Call Back Open Account |