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IIFL Securities Vs Fyers Vs Nuvama Wealth: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Fyers ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker Fyers and Nuvama Wealth are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Fyers is rated 4, Nuvama Wealth is rated 3.5 out of 5.

Here we present side-by-side comparison of IIFL Securities vs Fyers vs Nuvama Wealth 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 Fyers vs Nuvama Wealth 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 Fyers vs Nuvama Wealth in this setion with 360 degree view of broker information.

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Service

  IIFL Securities Compare
IIFL Securities
Fyers Compare
Fyers
Nuvama Wealth Compare
Nuvama Wealth
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 BSE, NSE, MCX, NCDEX
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 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 One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth
Broker Enquiry Request call back from IIFL Securities Request call back from Fyers Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

In this section we have compared IIFL Securities vs Fyers vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Fyers charges Free AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities vs Fyers vs Nuvama Wealth
Charges IIFL Securities Fyers Nuvama Wealth
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 250 PA (Free for 1st year) Free Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare IIFL Securities vs Fyers vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth 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 Fyers vs Nuvama Wealth on Plan Options
Plan Types IIFL Securities Fyers Nuvama Wealth
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  IIFL Securities Fyers Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Fyers vs Nuvama Wealthon Brokerage Charges

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

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

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare IIFL Securities vs Fyers vs Nuvama Wealth
Brokerage Charges Compare IIFL Securities Fyers Nuvama Wealth
Plan Name IIFL iSERVE Brokerage Plan Max Rs 20 Per Order Trading Plan Nuvama Lite
Equity Delivery Flat Rs 20 per order Free Flat Rs. 10 per executed order
Equity Intraday Flat Rs 20 per order 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Flat Rs 20 per order Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Flat Rs 20 per order Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Flat Rs 20 per order Flat Fee Rs 20 0.01%
Minimum Brokerage
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA No Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 50 Per Order Rs 20 per call
Auto Square off Charges Rs 50 Per Call + GST Rs 50 Per Order Rs 20
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Fyers Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare IIFL Securities vs Fyers vs Nuvama Wealth
Transaction Charges Compare IIFL Securities Fyers Nuvama Wealth
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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for fyers Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Account Features

Compare IIFL Securities vs Fyers vs Nuvama Wealth 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 and Nuvama Wealth offers margin funding where Fyers doesn't offers margin funding. NRI Trading - IIFL Securities and Nuvama Wealth offers NRI Trading where Fyers doesn't offers NRI Trading.

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

Compare IIFL Securities vs Fyers vs Nuvama Wealthon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Fyers vs Nuvama Wealth. 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 Fyers vs Nuvama Wealth
Trading Platform Compare IIFL Securities Fyers Nuvama Wealth
Desktop Trading Platform IIFL Trader terminal Fyers One Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://ttweb.indiainfoline.com

Fyers Web

https://tlounge.edelweiss.in/Login

Web Trading Demo Info Not Available Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App IIFL Markets Fyers 2.0 Mobile App Nuvama Mobile Trader
Mobile Trading App Demo IIFL Markets Demo Fyers 2.0 Mobile App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Fyers 2.0 Mobile App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS IIFL Markets Download iOS Fyers 2.0 Mobile App Download iOS Nuvama Mobile Trader 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 Fyers Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Fyers Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for fyers Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare IIFL Securities vs Fyers vs Nuvama Wealth on User Rating

  IIFL Securities Fyers Nuvama Wealth
  82 Customer Reviews    Rate IIFL Securities 10 Customer Reviews    Rate Fyers 4 Customer Reviews    Rate Nuvama Wealth
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 Fyers is Rated 3.2 / 5 based on 10 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Investment Offerings

Compare IIFL Securities vs Fyers vs Nuvama Wealth 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 - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities and Nuvama Wealth offers PMS facility where Fyers doesn't offers PMS facility.

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

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Order Types

Order Type - Compare IIFL Securities vs Fyers vs Nuvama Wealth on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Fyers provides Bracket Orders (BO) facility where IIFL Securities and Nuvama Wealth doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - IIFL Securities and Fyers offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.

Order Types - Compare IIFL Securities vs Fyers vs Nuvama Wealth
Order Type Compare IIFL Securities Fyers Nuvama Wealth
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order No Yes No
AMO-After Market Orders Yes Yes Yes
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Customer Service

Compare IIFL Securities vs Fyers vs Nuvama Wealth 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 Fyers vs Nuvama Wealth
Customer Service Compare IIFL Securities Fyers Nuvama Wealth
24/7 Customer Service Yes No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes Yes Yes
Toll Free Number Yes No Yes
Through Branches Yes No Yes
Customer Care Number 022-40071000 08060001111 1800 102 3335
Account Opening Process Online/Paperless 100% online and paperless proc Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://fyers.in/school-of-stocks/ https://www.nuvamawealth.com/investology
Head Office Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website https://www.indiainfoline.com/ https://fyers.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Research Reports, Tips

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

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

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Demat Account

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

Demat Charges - Compare IIFL Securities vs Fyers vs Nuvama Wealth
  IIFL Securities Fyers Nuvama Wealth
DP Source CDSL CDSL CDSL
DP ID 44700 432-2019 19100
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free Free (₹1500 one time charges)
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) ₹7 + ₹5.50 (CDSL Charges) per transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹15 per certificate + ₹40 courier charges ₹0 ₹2 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹0 ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹50 Nil 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure Nil Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation Nil Nil 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil Nil
Other Charges Nil Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Special Offers and Promotion

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

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Special Offers and Promotion
  IIFL Securities Fyers Nuvama Wealth
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Up to 24 Hrs except for Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. 24+ banks connected via payment gateway, Free pay in and Free Pay Out. NA
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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...

  • 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...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

  • 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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo
Enquire for IIFL Securities Enquire for Fyers Enquire for Nuvama Wealth

Last Updated on 2023-09-14T04:42:55+00:00