Broker comparison
Fyers vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Fyers and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Fyers | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹0 (free) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (flat) |
| AMC | ₹0 (zero AMC) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (₹0 account opening) | Free (₹0 online) |
| Trading API | Fyers API — Free (per official API page) | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | p99 < 7 ms (processing, self-reported)self-reported | ≈ 95 ms (median) |
| Algo support | Yes - free API; TradingView-based platform | Yes - via IIFL trading API |
| Platforms | Fyers app, Fyers Web, TradingView charts | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Chart-driven and algorithmic traders who live in TradingView. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Fyers publishes free equity delivery; IIFL Securities does not (per official pricing at review). Both publish execution-speed figures (Fyers: p99 < 7 ms (processing, self-reported); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Fyers full profile
- IIFL Securities full profile
- Fyers brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Fyers vs IIFL Securities: which has lower delivery brokerage?
At our last review, Fyers published delivery brokerage as "₹0 (free)" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Fyers or IIFL Securities have a trading API?
Both have documented APIs at review time: Fyers (Fyers API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Fyers or IIFL Securities?
Fyers publishes p99 < 7 ms (processing, self-reported); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Fyers - official website - https://fyers.in
- Fyers - official pricing - https://fyers.in/pricing/
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges