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IIFL (2.8)

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Full Service Broker Depository: CDSL & NSDL
27

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. IIFL has an active client base of 4,12,928 as of October 2023.

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
✍ IIFL Brokerage Calculator Charges Details
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. Free reports on mutual funds recommendations and equity research.
  2. Personal fixed deposits are accepted as collateral for margin funding.
  3. Dedicated relationship manager to help sort out your queries.
  4. A well-designed knowledge centre focused on investor education.
  5. Physical branches are present in most of the cities to cater to the customers.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. IIFL Brokerage charges are higher as compared to other stock broking platforms.
  2. Free equity delivery but only in the Z20 plan.
  3. Call and mail support has been prompt from normal plans but was delayed for Z20 plans.
  4. Offline procedure for account opening is time-consuming and cumbersome.
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.
🌟 IIFL Customer Reviews

Why Choose IIFL? Know Everything about IIFL here.

Verdict 

India Infoline Finance Limited Securities, also known as IIFL Securities is one of the leading financial service providers with cutting-edge technologies to cater to users' investment and trading needs. It eases investing in multiple avenues from a single IIFL Demat account: equity, F&O, commodities, currencies, IPO, gold, US Stocks, Alternative Investment Funds (AIF), ETF, PMS etc. It encompasses multiple advanced tools and software for traders and investors.

If you are a trader, the broker provides you with

  • Flat brokerage on F&O and equity intraday based on the plan selected.
  • Easy-to-use interface to ensure a seamless trading experience.
  • Dedicated relationship manager for guidance and making informed decisions.
  • Margin trade financing to leverage holdings and positions for higher profits with less capital.
  • Trade and call support for facilitating transactions.

If you are an investor, the broker provides you with

  • Facilitates right decision-making through free equity research reports.
  • Well-drafted knowledge center to educate the investors.
  • Free long-term stock investment ideas.
  • Custom portfolio management services based on risk appetite.
  • Research-backed recommendations to aid investments.
  • Regular webinars to enhance conceptual understanding.

Trading Tools 

IIFL Markets App

IIFL Markets is a mobile application used for trading at exchanges (like BSE, NSE, and MCX). Its features include the following:

  • Current market updates and real-time data,
  • Eased trading with charts, in-depth analysis, live stock quotes, etc,
  • Convenient viewing of margins, net positions, and P/L reports,
  • Tailor-made portfolio and financial advisory services based on the risk profile,
  • Regular monitoring and rebalancing of the portfolio.

Trader Terminal (Desktop Software)

Trader Terminal enables traders efficiently pick through multiple asset classes like mutual funds and equities across various exchanges. It eases the trading experience with live charting tools and an advanced interface. It includes the following features:

  • Fast order executions with superior analytical and charting capabilities,
  • Convenient trade in derivatives, cash, mutual funds, etc., through one screen,
  • Easy monitoring of portfolio in one place with timely news.

TT Iris

TT Iris is a decision-making software designed for traders. The app helps analyze market movements so that one can take investment-based decisions and trade easily. It provides some unique features which are:

  • Real-time analysis of market data to ease decision-making
  • Convenient investing via customized charting, strategy testing, candlestick scanners, etc.
  • Recommendations from Investment Gurus to promote informed trading. 
     

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00335% - NSE

0.00335% - NSE

0.00195% - NSE

0.053% - 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

 0.1% On both buy & Sell 0.025% Only on Sell 0.01 % Only on Sell

0.05%, sell side 

SEBI Charges

₹ 10 per crore

₹ 10 per crore

₹ 10 per crore

₹ 10 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

₹ 10 per crore

₹ 10 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

₹ 10 per crore

₹ 10 per crore
🙋‍♂️ Read IIFL FAQ
IIFL Complaints & Stats

Company name:

IIFL Securities Limited

Contact:

022-40071000

Email:

Cs@iifl.com

Active Users:

4,12,928
IIFL Customer Reviews

Overall Rating

5

Based on 1 reviews

Rating Summary

5
100%
4
0%
3
0%
2
0%
1
0%

Review Analytics

Platform 0 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 0 votes

ajay khonde

(5)

Posted on 12 Jul 2021

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