India Infoline vs Fyers – Point by Point Comparison

While comparing India Infoline with new age broker Fyers, it was evident that both offer an excellent trading platform. However, the former back it up with branch network and dealer facility and later provides a capping on pricing per trade. Fyers provides brokerage rates of 0.01% for trading and 0.1% for delivery with max. amount of Rs. 100 per trade.

    India Infoline FYERS
Basic Information Type of Broker Full Service Broker Discount Broker
  Exchanges BSE, NSE, MCX, NCDEX NSE
  Fees for Opening Trading Account Rs. 750 NIL
  Annual Maintenance Charges of Trading Account NA NIL
  Fees for Opening Demat Account Rs. 555 NIL
  Annual Maintenance Charges of Demat Account Rs. 300 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges 0.05% NA
  Minimum Brokerage Charges Rs. 0.05 per share NA
Transaction Charges Equity Delivery 0.00% As Applicable
  Equity Intraday 0.00% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.051% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.051% on Premium As Applicable
  Commodity 0.00% As Applicable
Features 3-in-1 Account N N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours NA Y
  SMS Alerts Y N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Trader Terminal Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity Y N
  Currency Y Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD NA Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat N N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N

 

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