FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

IIFL Securities Vs Finvasia: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Finvasia ranges between Rs 0. IIFL Securities is a Full Service Broker where Finvasia is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for Finvasia is 94,480. IIFL Securities is serving more customer compare to Finvasia.

Here we present side-by-side comparison of IIFL Securities vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IIFL Securities vs Finvasia's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IIFL Securities vs Finvasia share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IIFL Securities vs Finvasia's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IIFL Securities vs Finvasia on Service

  IIFL Securities Compare
IIFL Securities
Finvasia Compare
Finvasia
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 4,26,451 94,480
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare IIFL Securities vs Finvasia on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Finvasia
Charges IIFL Securities Finvasia
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Free
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare IIFL Securities vs Finvasia on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Finvasia. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IIFL Securities with Finvasia on Plan Options
Plan Types IIFL Securities Finvasia
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare IIFL Securities vs Finvasia on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare IIFL Securities with Finvasia
Brokerage Charges Compare IIFL Securities Finvasia
Plan Name IIFL iSERVE Brokerage Plan Zero Brokerage Trading Plan
Equity Delivery Flat Rs 20 per order Rs 0
Equity Intraday Flat Rs 20 per order Rs 0
Equity Futures Flat Rs 20 per order Rs 0
Equity Options Flat Rs 20 per order Rs 0
Currency Futures Flat Rs 20 per order Rs 0
Currency Options Flat Rs 20 per order Rs 0
Commodity Trading Flat Rs 20 per order Rs 0
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes, 24% interest PA
Call & Trade Charges Rs 50 Per Call + GST Free
Auto Square off Charges Rs 50 Per Call + GST Free
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Finvasia
Expand

Share Broker's Transaction Charges

Compare IIFL Securities vs Finvasia on Transaction Charges

Compare IIFL Securities with Finvasia on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities with Finvasia
Transaction Charges Compare IIFL Securities Finvasia
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for finvasia
Expand

Account Features

Compare IIFL Securities vs Finvasia on Account Features

Compare IIFL Securities with Finvasia on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Finvasia offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - IIFL Securities offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Finvasia
Account Features Compare IIFL Securities Finvasia
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
Expand

Trading Platform

Compare IIFL Securities vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Finvasia. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities with Finvasia
Trading Platform Compare IIFL Securities Finvasia
Desktop Trading Platform IIFL Trader terminal OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com https://trade.finvasia.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets SCALPERT
Mobile Trading App Demo IIFL Markets Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IIFL Markets Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for finvasia

Expand

Broker Ratings by Users

Compare IIFL Securities vs Finvasia on User Rating

  IIFL Securities Finvasia
  82 Customer Reviews    Rate IIFL Securities 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.1 4.3
Trading Brokerage Rating 2.9 4.6
Trading Platform Usability 3.4 4.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.8 4.2
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
Expand

Investment Offerings

Compare IIFL Securities vs Finvasia on Investment Offerings

Compare IIFL Securities with Finvasia on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where Finvasia doesn't offer

Investment Offerings - Compare IIFL Securities with Finvasia
Investment Offerings Compare IIFL Securities Finvasia
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
Expand

Order Types

Compare IIFL Securities vs Finvasia on Order Types

Order Type - Compare IIFL Securities with Finvasia on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Finvasia provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- IIFL Securities offers Good Till Cancelled (GTC) orders where Finvasia doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Finvasia
Order Type Compare IIFL Securities Finvasia
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare IIFL Securities vs Finvasia on Customer Service

Compare IIFL Securities with Finvasia on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IIFL Securities with Finvasia
Customer Service Compare IIFL Securities Finvasia
24/7 Customer Service IIFL Securities vs Finvasia - 24x7 customer support Yes No
Email Support IIFL Securities vs Finvasia - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Finvasia - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Finvasia - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Finvasia - Toll Free Number Yes No
Through Branches IIFL Securities vs Finvasia - Through Branches Yes No
Customer Care Number IIFL Securities vs Finvasia - Customer Care Number 022-40071000 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process IIFL Securities vs Finvasia - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education IIFL Securities vs Finvasia - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://finvasia.com/announcements
Head Office Address IIFL Securities vs Finvasia - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website IIFL Securities vs Finvasia - Company Website https://www.indiainfoline.com/ https://www.finvasia.com/
Expand

Tips/Research/Reports Published

Compare IIFL Securities vs Finvasia on Research Reports, Tips

Compare IIFL Securities with Finvasia on research reports and tips provided by the broker.

Research Reports - Compare IIFL Securities with Finvasia
  IIFL Securities Finvasia
Research Mutual Funds IIFL Securities vs Finvasia - Research Mutual Funds Yes No
Research Equity Reports IIFL Securities vs Finvasia - Research Equity Reports Yes No
Research ETF IIFL Securities vs Finvasia - Research ETF Yes No
Daily Market Report IIFL Securities vs Finvasia - Daily Market Report Yes No
Free Tips IIFL Securities vs Finvasia - Free Tips Yes No
Quarterly Result Analysis IIFL Securities vs Finvasia - Quarterly Results Yes No
News Alerts IIFL Securities vs Finvasia - Yes No
Expand

Demat Account

Compare IIFL Securities vs Finvasia on Demat Account

Compare IIFL Securities with Finvasia on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for IIFL Securities is ₹400 pa. Finvasia is a better choice in terms of Demat AMC compare to IIFL Securities.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities with Finvasia
  IIFL Securities Finvasia
DP Source CDSL CDSL
DP ID IIFL Securities vs Finvasia - DP ID 44700 84300
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free
Advance Deposit Nil Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹15 per certificate + ₹40 courier charges ₹15 per certificate
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation ₹50 ₹25 per transaction
Pledge Creation Confirmation Nil NIL
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation Nil NIL
Pledge Invocation Nil ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Finvasia on Special Offers and Promotion

Compare IIFL Securities with Finvasia on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Finvasia on Special Offers and Promotion
  IIFL Securities Finvasia
Pay In and Pay Out Options IIFL Securities vs Finvasia - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time IIFL Securities vs Finvasia - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Up to 24 hrs except for bank holidays.
Bank Supported and Charges IIFL Securities vs Finvasia - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Dislikes
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00