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 2 Brokers

Compare IIFL Securities vs Fyers vs Nuvama Wealth on Service

	IIFL Securities	Fyers	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,...	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...	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...
Broker Enquiry

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

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
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	IIFL Securities	Fyers	Nuvama Wealth
Account Opening Request	Open IIFL Securities Account Now>>	Open Fyers Account Now>>	Open Nuvama Wealth Account Now>>

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

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

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
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15 PM	3:15PM
NRI Trading
Other Features	NIL	Fyers 30 Day Challenge	NIL

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)
Desktop Platform (Mac)
Web Trading Platform
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
Mobile Trading
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
Android App Download	Andriod IIFL Markets Download	Andriod Fyers 2.0 Mobile App Download	Andriod Download
iPhone Mobile App (IOS)
iOS App Download	iOS IIFL Markets Download	iOS Fyers 2.0 Mobile App Download	iOS Nuvama Mobile Trader Download
Android Tablet App
iPad App (IOS)
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

Broker Ratings by Users

Compare IIFL Securities vs Fyers vs Nuvama Wealth on User Rating

	IIFL Securities	Fyers	Nuvama Wealth
	82 Customer Reviews	11 Customer Reviews	4 Customer Reviews
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 11 customer reviews	Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews

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
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL	NIL

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
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

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
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
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/

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
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

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

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

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