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Sharekhan Vs IIFL Securities Vs Fyers: Which one is better?

The brokerage of Sharekhan ranges between 0.1 to 0.5%, the brokerage of IIFL Securities ranges between Rs 20, while the brokerage of Fyers ranges between Rs 20. The broker Sharekhan and IIFL Securities are full service brokers where Fyers is a discount broker. Overall rating for Sharekhan is 4, IIFL Securities is rated 4, Fyers is rated 4 out of 5.

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

Compare Sharekhan vs IIFL Securities vs Fyers on Service

  Sharekhan Compare
Sharekhan
IIFL Securities Compare
IIFL Securities
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan 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
Broker Enquiry Request call back from Sharekhan Request call back from IIFL Securities Request call back from Fyers
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Account Opening Charges and AMC

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

In this section we have compared Sharekhan vs IIFL Securities vs Fyers on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) as AMC for Demat account, IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account, where Fyers charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan vs IIFL Securities vs Fyers
Charges Sharekhan IIFL Securities Fyers
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 250 PA (Free for 1st year) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Sharekhan vs IIFL Securities vs Fyers on Plan Options

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

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

Account Opening

  Sharekhan IIFL Securities Fyers
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs IIFL Securities vs Fyerson Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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.

Brokerage Charges - Compare Sharekhan vs IIFL Securities vs Fyers
Brokerage Charges Compare Sharekhan IIFL Securities Fyers
Plan Name Sharkehan Brokerage Plan IIFL iSERVE Brokerage Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.30% Flat Rs 20 per order Free
Equity Intraday 0.02% Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures 0.02% Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Rs 20 per order Flat Fee Rs 20
Currency Futures 0.02% Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Currency Options Rs 5 per lot Flat Rs 20 per order Flat Fee Rs 20
Commodity Trading Rs 20 per lot Flat Rs 20 per order Flat Fee Rs 20
Minimum Brokerage Rs 20
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA No
Call & Trade Charges Free Rs 50 Per Call + GST Rs 50 Per Order
Auto Square off Charges Free Rs 50 Per Call + GST Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for IIFL Securities Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Sharekhan vs IIFL Securities vs Fyers on Transaction Charges

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

Transaction Charges - Compare Sharekhan vs IIFL Securities vs Fyers
Transaction Charges Compare Sharekhan IIFL Securities 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 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for fyers
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Account Features

Compare Sharekhan vs IIFL Securities vs Fyers on Account Features

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

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

Compare Sharekhan vs IIFL Securities vs Fyerson Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan vs IIFL Securities 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 Sharekhan vs IIFL Securities vs Fyers
Trading Platform Compare Sharekhan IIFL Securities Fyers
Desktop Trading Platform TradeTiger IIFL Trader terminal Fyers One
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://www.sharekhan.com/

https://ttweb.indiainfoline.com

Fyers Web

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

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Broker Ratings by Users

Compare Sharekhan vs IIFL Securities vs Fyers on User Rating

  Sharekhan IIFL Securities Fyers
  184 Customer Reviews    Rate Sharekhan 82 Customer Reviews    Rate IIFL Securities 11 Customer Reviews    Rate Fyers
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Fyers is Rated 3.2 / 5 based on 11 customer reviews
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Investment Offerings

Compare Sharekhan vs IIFL Securities vs Fyers on Investment Offerings

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

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

Compare Sharekhan vs IIFL Securities vs Fyers on Order Types

Order Type - Compare Sharekhan vs IIFL Securities vs Fyers 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) - Sharekhan and Fyers provides Bracket Orders (BO) facility where IIFL Securities 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 - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.

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

Compare Sharekhan vs IIFL Securities vs Fyers on Customer Service

Compare Sharekhan vs IIFL Securities 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 Sharekhan vs IIFL Securities vs Fyers
Customer Service Compare Sharekhan IIFL Securities Fyers
24/7 Customer Service No Yes No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes No
Phone Support Yes Yes Yes
Toll Free Number Yes Yes No
Through Branches Yes Yes No
Customer Care Number 1800227500 022-40071000 08060001111
Account Opening Process Offline Online/Paperless 100% online and paperless proc
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.sharekhan.com/help/hello https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://fyers.in/school-of-stocks/
Head Office Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
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
Website https://www.sharekhan.com https://www.indiainfoline.com/ https://fyers.in/
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Tips/Research/Reports Published

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

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

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

Compare Sharekhan vs IIFL Securities vs Fyers on Demat Account

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

Demat Charges - Compare Sharekhan vs IIFL Securities vs Fyers
  Sharekhan IIFL Securities Fyers
DP Source CDSL CDSL CDSL
DP ID 36000 44700 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 pa Free
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Nil Nil
Statutory charges Actual Stamp Paper Charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate (Min 50 per request) ₹15 per certificate + ₹40 courier charges ₹0
Remat ₹50 per certificate or ₹50 for every hundred securities ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹0
Pledge Creation 0.03% (Min ₹100) ₹50 Nil
Pledge Creation Confirmation Nil Nil Nil
Pledge Closure Nil Nil Nil
Pledge Closure Confirmation Nil Nil Nil
Pledge Invocation Nil Nil Nil
Failed Instruction Charges Nil Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

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

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

Compare Sharekhan vs IIFL Securities vs Fyers on Special Offers and Promotion
  Sharekhan IIFL Securities Fyers
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
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
Payout Time Max 24 hrs except bank holidays 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.
Bank Supported and Charges Info Not Available 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.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
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
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

  • 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...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

  • 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...

Special Offers/Promo
Enquire for Sharekhan Enquire for IIFL Securities Enquire for Fyers

Last Updated on 2024-03-04T07:37:57+00:00