Several electrode materials have been developed to provide high energy density and a long calendar life at a low cost for lithium-ion batteries (LIBs). Iron (III) vanadate (FeVO4), a semiconductor material that follows insertion/extraction chemistry with a redox reaction and provides high theoretical capacity, is an auspicious choice of anode material for LIBs. The correlation is investigated between calcination temperatures, morphology, particle size, physicochemical properties, and their effect on the electrochemical performance of FeVO4 under different binders. The crystallite size, particle size, and tap density increase while the specific surface area (SBET) decreases upon increasing the calcination temperature (500 °C, 600 °C, and 700 °C). The specific capacities are reduced by increasing the calcination temperature and particle size. Furthermore, FeVO4 fabricated with different binders (35 wt.% PAA and 5 wt.% PVDF) and their electrochemical performance for LIBs was explored regarding the effectiveness of the PAA binder. FV500 (PAA and PVDF) initially delivered higher discharge/charge capacities of 1046.23/771.692 mAhg−1 and 1051.21/661.849 mAhg−1 compared to FV600 and FV700 at the current densities of 100 mAg−1, respectively. The intrinsic defects and presence of oxygen vacancy along with high surface area and smaller particle sizes efficiently enhanced the ionic and electronic conductivities and delivered high discharge/charge capacities for FeVO4 as an anode for LIBs.