FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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IIFL Securities Vs TradeSmart Vs Fyers: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of Fyers ranges between Rs 20. The broker TradeSmart and Fyers are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, TradeSmart is rated 4, Fyers is rated 4 out of 5.

Here we present side-by-side comparison of IIFL Securities vs TradeSmart vs Fyers stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared IIFL Securities vs TradeSmart vs Fyers on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better IIFL Securities vs TradeSmart vs Fyers in this setion with 360 degree view of broker information.

Compare IIFL Securities vs TradeSmart vs Fyers on Service

  IIFL Securities Compare
IIFL Securities
TradeSmart Compare
TradeSmart
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i... Know more about Fyers
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare IIFL Securities vs TradeSmart vs Fyers on Trading & Demat Account Opening Charges

In this section we have compared IIFL Securities vs TradeSmart vs Fyers on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities and Fyers offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where Fyers charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities vs TradeSmart vs Fyers
Charges IIFL Securities TradeSmart Fyers
Trading Account Opening Fees Free Rs 200 Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Rs 200 Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 300 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs TradeSmart vs Fyers on Plan Options

Plans are the most important feature you look when compare IIFL Securities vs TradeSmart vs Fyers. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart offers Multiple Plans where IIFL Securities and Fyers doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare IIFL Securities vs TradeSmart vs Fyers on Plan Options
Plan Types IIFL Securities TradeSmart Fyers
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  IIFL Securities Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs TradeSmart vs Fyerson Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare IIFL Securities vs TradeSmart vs Fyers
Brokerage Charges Compare IIFL Securities TradeSmart Fyers
Plan Name IIFL iSERVE Brokerage Plan Flat Fee Rs 15 Trading Plan (Power Plan) Max Rs 20 Per Order Trading Plan
Equity Delivery Flat Rs 20 per order Flat Fee Rs 15 Free
Equity Intraday Flat Rs 20 per order Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 20 per order Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Rs 20 per order Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 20 per order Flat Fee Rs 15 Flat Fee Rs 20
Commodity Trading Flat Rs 20 per order Flat Fee Rs 15 Flat Fee Rs 20
Minimum Brokerage
Hidden Charges Info Not Available No
Call & Trade Charges Rs 50 Per Call + GST Rs 20 per executed Order Rs 50 Per Order
Auto Square off Charges Rs 50 Per Call + GST Rs 20 per executed Order Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for TradeSmart Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare IIFL Securities vs TradeSmart vs Fyers on Transaction Charges

Compare IIFL Securities vs TradeSmart vs Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities vs TradeSmart vs Fyers
Transaction Charges Compare IIFL Securities TradeSmart Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for fyers
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Account Features

Compare IIFL Securities vs TradeSmart vs Fyers on Account Features

Compare IIFL Securities vs TradeSmart vs Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities offers margin funding where TradeSmart and Fyers doesn't offers margin funding. NRI Trading - IIFL Securities offers NRI Trading where TradeSmart and Fyers doesn't offers NRI Trading.

Account Features - IIFL Securities vs TradeSmart vs Fyers
Account Features Compare IIFL Securities TradeSmart Fyers
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No Fyers have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes Yes
SMS Alerts Yes No No
Online Demo Yes Yes Yes
Online Portfolio Yes No No
Margin Trading Funding Available Yes No No
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15PM 3:15 PM
NRI Trading Yes No No
Other Features NIL NIL Fyers 30 Day Challenge
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Trading Platform

Compare IIFL Securities vs TradeSmart vs Fyerson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs TradeSmart vs Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities vs TradeSmart vs Fyers
Trading Platform Compare IIFL Securities TradeSmart Fyers
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://ttweb.indiainfoline.com

https://sine.tradesmartonline.in/userMaster/login

Fyers Web

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App IIFL Markets Sine Fyers 2.0 Mobile App
Mobile Trading App Demo IIFL Markets Demo Sine Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Sine Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS IIFL Markets Download iOS Sine Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for TradeSmart Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare IIFL Securities vs TradeSmart vs Fyers on User Rating

  IIFL Securities TradeSmart Fyers
  82 Customer Reviews    Rate IIFL Securities 34 Customer Reviews    Rate TradeSmart 11 Customer Reviews    Rate Fyers
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Fyers is Rated 3.2 / 5 based on 11 customer reviews
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Investment Offerings

Compare IIFL Securities vs TradeSmart vs Fyers on Investment Offerings

Compare IIFL Securities vs TradeSmart vs Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - IIFL Securities and Fyers offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where TradeSmart and Fyers doesn't offers PMS facility.

Investment Offerings - Compare IIFL Securities vs TradeSmart vs Fyers
Investment Offerings Compare IIFL Securities TradeSmart Fyers
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application Yes No Yes
Mutual Funds Yes No Yes
Bond / NCD Yes No No
ETF Yes Yes Yes
Banking No No No
Insurance Yes No No
Forex No No No
MF SIP Investment Yes No Yes
Equity SIP Investment Yes No No
PMS Service Yes No No
Other Investment Options NIL NIL NIL
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Customer Service Offered

Compare IIFL Securities vs TradeSmart vs Fyers on Customer Service

Compare IIFL Securities vs TradeSmart vs Fyers on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare IIFL Securities vs TradeSmart vs Fyers
Customer Service Compare IIFL Securities TradeSmart Fyers
24/7 Customer Service Yes No No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes No
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes No No
Customer Care Number 022-40071000 022 61208000 08060001111
Account Opening Process Online/Paperless Online/Paperless 100% online and paperless proc
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://help.tradesmartonline.in/ https://fyers.in/school-of-stocks/
Head Office Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website https://www.indiainfoline.com/ https://tradesmartonline.in/ https://fyers.in/
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Tips/Research/Reports Published

Compare IIFL Securities vs TradeSmart vs Fyers on Research Reports, Tips

Compare IIFL Securities vs TradeSmart vs Fyers on research reports and tips provided by broker.

Research Reports - Compare IIFL Securities vs TradeSmart vs Fyers
  IIFL Securities TradeSmart Fyers
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF Yes No No
Daily Market Report Yes No No
Free Tips Yes No No
Quarterly Result Analysis Yes No No
News Alerts Yes No Yes
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Demat Account

Compare IIFL Securities vs TradeSmart vs Fyers on Demat Account

Compare IIFL Securities vs TradeSmart vs Fyers on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities vs TradeSmart vs Fyers
  IIFL Securities TradeSmart Fyers
DP Source CDSL CDSL CDSL
DP ID 44700 30400 89400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa Free
Advance Deposit Nil NIL Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹25 ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹15 per certificate + ₹40 courier charges ₹500 per certificate (Min ₹500 per request) ₹0
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹500 per certificate (Min ₹500 per request) ₹0
Pledge Creation ₹50 ₹200 per script
₹50 for trading margin each side
Nil
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure Nil ₹200 per script Nil
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation Nil ₹200 per script Nil
Failed Instruction Charges Nil Nil Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs TradeSmart vs Fyers on Special Offers and Promotion

Compare IIFL Securities vs TradeSmart vs Fyers on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs TradeSmart vs Fyers on Special Offers and Promotion
  IIFL Securities TradeSmart Fyers
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time.
Enquire for IIFL Securities Enquire for TradeSmart Enquire for Fyers

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