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IIFL Securities Vs Geojit: 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 ranges between Rs 20 while the brokerage of Geojit ranges between .03 to .3%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for IIFL Securities is 4,44,044 where number of active customer for Geojit is 2,46,824. IIFL Securities is serving more customer compare to Geojit.

Here we present side-by-side comparison of IIFL Securities vs Geojit 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 Geojit'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 Geojit 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 Geojit'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 Geojit on Service

  IIFL Securities Compare
IIFL Securities
Geojit Compare
Geojit
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 4,44,044 2,46,824
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 Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce...Know more about Geojit
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of IIFL Securities with Geojit on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Geojit charges Rs 700 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Geojit
Charges IIFL Securities Geojit
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) Rs 700 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Geojit on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Geojit. 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 Geojit on Plan Options
Plan Types IIFL Securities Geojit
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  IIFL Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Geojit 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.

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

Brokerage Charges - Compare IIFL Securities with Geojit
Brokerage Charges Compare IIFL Securities Geojit
Plan Name IIFL iSERVE Brokerage Plan Online Trading Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order 0.30% or 30 paisa
Equity Intraday Flat Rs 20 per order 0.03% or 3 paisa
Equity Futures Flat Rs 20 per order 0.01%
Equity Options Flat Rs 20 per order Rs 50 Per Lot
Currency Futures Flat Rs 20 per order 0.03% or 3 paisa
Currency Options Flat Rs 20 per order Rs 50 Per Lot
Commodity Trading Flat Rs 20 per order 0.05% (Buy and sell)| Options: Rs. 150/lot| Option
Minimum Brokerage NIL 1p per share or Rs 20/contract whichever is higher
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Yes - 20% 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 Geojit
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Share Broker's Transaction Charges

Compare IIFL Securities vs Geojit on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Geojit
Transaction Charges Compare IIFL Securities Geojit
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 geojit
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Account Features

Compare IIFL Securities vs Geojit on Account Features

Compare IIFL Securities with Geojit 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Geojit
Account Features Compare IIFL Securities Geojit
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 No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IIFL Securities vs Geojit on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Geojit. 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 Geojit
Trading Platform Compare IIFL Securities Geojit
Desktop Trading Platform IIFL Trader terminal SELFIE Platinum
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com https://selfie.geojit.net/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets SELFIE Geojit
Mobile Trading App Demo IIFL Markets Demo SELFIE Geojit Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod SELFIE Geojit Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IIFL Markets Download iOS SELFIE Geojit Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Geojit
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Geojit
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Geojit
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for geojit

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Broker Ratings by Users

Compare IIFL Securities vs Geojit on User Rating

  IIFL Securities Geojit
  82 Customer Reviews    Rate IIFL Securities 79 Customer Reviews    Rate Geojit
Fees Ratings 3.1 3.6
Trading Brokerage Rating 2.9 3.4
Trading Platform Usability 3.4 3.9
Customer Service Ratings 2.9 3.8
Overall Ratings 2.8 3.7
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Geojit is Rated 3.7 / 5 based on 79 customer reviews
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Investment Offerings

Compare IIFL Securities vs Geojit on Investment Offerings

Compare IIFL Securities with Geojit 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare IIFL Securities vs Geojit on Order Types

Order Type - Compare IIFL Securities with Geojit 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) - IIFL Securities provide Cover Orders (CO) where Geojit doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

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

Compare IIFL Securities vs Geojit on Customer Service

Compare IIFL Securities with Geojit 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 Geojit
Customer Service Compare IIFL Securities Geojit
24/7 Customer Service IIFL Securities vs Geojit - 24x7 customer support Yes No
Email Support IIFL Securities vs Geojit - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Geojit - Onine Live Chat Yes No
Phone Support IIFL Securities vs Geojit - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Geojit - Toll Free Number Yes Yes
Through Branches IIFL Securities vs Geojit - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Geojit - Customer Care Number 022-40071000 1800-425-5501/1800-103-5501/91-484-2405822
Account Opening Process IIFL Securities vs Geojit - Account Opening Process Online/Paperless Offline
Customer Support Email IIFL Securities vs Geojit - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Geojit - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://insights.geojit.com/
Head Office Address IIFL Securities vs Geojit - 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
Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Website IIFL Securities vs Geojit - Company Website https://www.indiainfoline.com/ https://www.geojit.com/
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Tips/Research/Reports Published

Compare IIFL Securities vs Geojit on Research Reports, Tips

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

Research Reports - Compare IIFL Securities with Geojit
  IIFL Securities Geojit
Research Mutual Funds IIFL Securities vs Geojit - Research Mutual Funds Yes Yes
Research Equity Reports IIFL Securities vs Geojit - Research Equity Reports Yes Yes
Research ETF IIFL Securities vs Geojit - Research ETF Yes Yes
Daily Market Report IIFL Securities vs Geojit - Daily Market Report Yes Yes
Free Tips IIFL Securities vs Geojit - Free Tips Yes Yes
Quarterly Result Analysis IIFL Securities vs Geojit - Quarterly Results Yes Yes
News Alerts IIFL Securities vs Geojit - Yes Yes
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Demat Account

Compare IIFL Securities vs Geojit on Demat Account

Compare IIFL Securities with Geojit 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 Geojit is ₹600 pa where for IIFL Securities is ₹400 pa.

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 Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges.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 Geojit
  IIFL Securities Geojit
DP Source CDSL CDSL
DP ID IIFL Securities vs Geojit - DP ID 44700 48900
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹600 pa
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.02% of transaction value (Max ₹40) + CDSL charges
Demat ₹15 per certificate + ₹40 courier charges ₹100 per demat request max 5 + ₹20 each additional certificate
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges
Pledge Creation ₹50 ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹50 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Geojit on Special Offers and Promotion

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

Compare IIFL Securities vs Geojit on Special Offers and Promotion
  IIFL Securities Geojit
Pay In and Pay Out Options IIFL Securities vs Geojit - 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/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IIFL Securities vs Geojit - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IIFL Securities vs Geojit - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Info Not Available
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Info Not Available
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...

  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

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...

  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Detail Review...

Special Offers/Promo
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

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