Fyers vs IIFL Securities Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Fyers vs IIFL Securities Account Opening Charges: 2024
| Charge | Fyers | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹400 per year |
Fyers vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Fyers | IIFL Securities |
|---|---|---|
| Plan Name | Flat Fee Plan | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | 0.05% |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | 0.05% |
| Equity Options | ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | 0.05% |
| Currency Options | ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Fyers vs IIFL Securities Margin / Exposure: 2024
| Segment | Fyers | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x | Upto 3x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Upto 4x | Upto 3x |
| Equity Options | Upto 5x | Upto 3x |
| Currency Future | Upto 3x | Upto 2x |
| Currency Options | Upto 3x | Upto 2x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | Upto 3x | N/A |