Full Service Broker Depository: CDSL & NSDL
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A leading financial service provider offering a wide range of services and having a well-recognized brand for the quality of its advice and the use of cutting-edge technology.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 250

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

₹ 20

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

₹ 20

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

₹ 20

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

20x

Equity Futures Margin

5x

Equity Options Margin

5x

Currency Futures Margin

2x

Currency Options Margin

1x

Commodity Futures Margin

3x

Commodity Options Margin

1x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 250

Call & Trade Charges

Free
Brokerage

Equity Delivery Brokerage

0.50%

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

0.05%

Equity Options Brokerage

₹ 100

Currency Futures Brokerage

₹ 25

Currency Options Brokerage

₹ 10

Commodity Futures Brokerage

0.05%

Commodity Options Brokerage

0.05%
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

20x

Equity Futures Margin

5x

Equity Options Margin

5x

Currency Futures Margin

2x

Currency Options Margin

1x

Commodity Futures Margin

3x

Commodity Options Margin

1x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

IIFL Markets Mobile App Trader Terminal TT Iris
Pros

Advantages and Strengths of this broker.

  1. Being a full-service broker they have branches across India and abroad.
  2. They provide free research reports for Equity shares and Mutual Fund recommendation.
  3. For providing margin funding they also accept personal Fixed Deposits as collateral.
  4. Customers can trade in equity, commodity, and currency through a single platform.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. IIFL brokerage charges are very high in comparison to other stock brokers.
  2. They offer only Regular Plans in Mutual Funds.
  3. The minimum brokerage which is high when compared to other brokers.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for IIFL

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2.7)

Usability

(2.7)

Customer Service

(3.1)

Charges Review

  • The brokerage charges are higher in ‘Normal’ plan whereas flat brokerage is offered in ‘Z20’ plan.
  • The charges in the Normal plan are negotiable but only if you are a trader.
  • Equity delivery is free only in Z20 plan.
  • Dedicated RM is available, and Call & Trade is free in Normal plan.
  • TTIRIS is available at a subscription fee. Z20 plan attracts numerous petty charges.

Customer Service Review

  • IIFL provides support over both call and email.
  • As per customer reviews, the call support and mail support is prompt for Normal plan whereas it is delayed for Z20 plan.
  • They provide automated chat support but ticket raising option is not available.
  • They have physical branches present in most of the cities.

Ease of Use Review

  • The trading platforms are feature loaded but not quite easy to navigate.
  • The platforms also feature relevant market and trading updates for the traders.
  • The single platform can be used to invest in various instruments.
  • TTIRIS tool is quite advanced and helps traders in better decision making.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is easy & convenient.
  • If your Aadhar verification is not completed, you will have to send a filled form for physical verification.
  • The offline procedure is cumbersome and time consuming.
  • NRIs interested in investing in Indian market can open an account with IIFL.

Why Choose IIFL? Know Everything about IIFL here.

Verdict 

IIFL provides advanced trading tools and softwares. They provide so many choices of investment on their website and platforms that for a first-time-user it may be slightly difficult to understand. TTIRIS is a third-party tool provided by them that has state-of-the-art trading features like candlestick scanners, portfolio optimization etc.

If you are a trader, the broker provides you with

  • Flat brokerage on equity intraday and F & O delivery depending upon the choice of plan.

  • A dedicated relationship manager.

  • Seamless execution platforms along with an easy to use interface.

  • Call & Trade support.

  • Margin Trade Financing at attractive interest costs.

If you are an investor, the broker provides you with

  • Free equity Research reports for right decision making

  • Free stock ideas for long term investments

  • A well-drafted knowledge centre for investor education.

Trading Tools 

IIFL Markets App

IIFL Markets is a mobile application used for trading at exchanges (like BSE, NSE, and MCX). The app offers current updates on stock markets along with real-time data on mobile phones. This app is available on Android as well as the iOS platform. It has trading features, charts for the in-depth analysis, live stock quotes, market watch, and access to research reports etc. Customers can also view their P&L, net positions, margins etc. through this app.

Trader Terminal (TTWeb Website)

The trading terminal on the web is designed to facilitate trading on any computer or phone with a web browser. The India Infoline TTWeb has trading features that not only suit a casual investor but a frequent trader as well. It can be used on a desktop, web, and on mobile as well. It is the proprietary software of the company that is available only for premium customers.

Trader Terminal (Desktop Software)

IIFL Trader Terminal is an installable software for Computers that has been created for high volume traders. It is a trading tool with superior charting and analytical capabilities. Besides this, it also has the fastest order execution speed. TT.Exe offers the facility to trade in cash, derivatives, mutual funds, IPOs, and currencies and commodities, all through one screen.

TT Iris

TT Iris is a decision-making software designed for traders. It helps in analyzing the market data on a real-time basis and makes decisions based on the most recent data. It provides some unique features which include customized charting, strategy testing, portfolio optimization, candlestick scanners, and price watch.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE

0.00325% - NSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell-side, ₹ 18.5 per scrip 

-

-

-

Clearing Charges

-

-

0.0002% - NSE

0.005% - NSE

GST

18% on Brokerage + Transaction + Demat Charges

18% on Brokerage + Transaction

18% on Brokerage + Transaction + Clearing Charges

18% on Brokerage + Transaction + Clearing Charges

STT

₹ 100 per Lacs 

Sell-side, ₹ 25 per Lacs 

Sell-side, ₹ 10 per Lacs 

Sell-side, ₹ 50 per Lacs 

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% - Non Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell-side, 0.01% on Non-Agri 

Sell-side - 0.05%

SEBI Charges

₹ 15 per crore

₹ 15 per crore

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

IIFL Complaints & Stats

Company name:

IIFL Securities Limited

Contact:

022-40071000

Email:

Cs@iifl.com
IIFL Customer Reviews

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