IIFL
Full Service Broker
About Broker
IIFL is a leading financial service provider known for offering a wide range of services and for its well-recognized brand, known for the quality of its advice and its use of cutting-edge technology. As of February 2024, IIFL has an active client base of 437,829.
Product Basket
The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker
Brokerage Plan
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
Freeaccount maintenance
₹250call trade
₹20Brokerage
equity delivery
Zeroequity intraday
₹20 per orderequity futures
₹20 per orderequity options
₹20 per ordercurrency futures
₹20 per ordercurrency options
₹20 per ordercommodity futures
₹20 per ordercommodity options
₹20 per orderMargins
Equity Delivery
4x As per exchangeEquity Intraday
20x As per exchangeEquity Futures
5x As per exchangeEquity Options
5x As per exchangeCurrency Futures
2x As per exchangeCurrency Options
1x As per exchangeCommodity Futures
3x As per exchangeCommodity Options
1x As per exchangePlatforms Offered
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.
Other Details
Advantages and Strengths of this broker.
Free reports are provided on mutual fund recommendations and equity research.
Personal fixed deposits are accepted as collateral for margin funding.
A dedicated relationship manager is available to assist with resolving your queries.
The platform features a well-designed knowledge center focused on investor education.
Physical branches are located in most cities to serve the needs of customers.
Disadvantages of this broker that it needs to improve upon.
IIFL's brokerage charges are higher compared to other stockbroking platforms.
Free equity delivery is available only in the Z20 plan.
While call and mail support has been prompt for normal plans, there were delays experienced for Z20 plans.
The 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.
Other Investment Options
Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.
Equily Charges
transaction charges
NSE:
clearing charges
--
dp charges
Sell-side, ₹ 18.5 per script
gst
18% on Brokerage + Transaction
stt
0.1%
sebi charges
₹ 10 per crore
transaction charges
NSE:
clearing charges
--
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.025% only on Sell
sebi charges
₹ 10 per crore
transaction charges
NSE:
clearing charges
NSE:
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.01% only on Sell
sebi charges
₹ 10 per crore
transaction charges
NSE:
clearing charges
NSE:
dp charge
--
gst
18% on Brokerage + Transaction
stt
0.05% sell side
sebi charges
₹ 10 per crore
