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IIFL Securities Vs Nirmal Bang: 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 Nirmal Bang ranges between .02% to .20%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to Nirmal Bang. IIFL Securities is rated 4 out of 5 where Nirmal Bang is rated only 3 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for Nirmal Bang is 1,37,060. IIFL Securities is serving more customer compare to Nirmal Bang.

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

  IIFL Securities Compare
IIFL Securities
Nirmal Bang Compare
Nirmal Bang
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 4,26,451 1,37,060
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 trading & demat account with one of the most prominent full-service brokers in India. Get the best Nirmal Bang Research & advisory, portfolio management services, and trade on the superfast Beyond and ODIN trading platforms.
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 Nirmal Bang on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Nirmal Bang 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 Nirmal Bang charges Rs 200 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Nirmal Bang
Charges IIFL Securities Nirmal Bang
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 200 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Nirmal Bang on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Nirmal Bang. 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 Nirmal Bang on Plan Options
Plan Types IIFL Securities Nirmal Bang
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 Nirmal Bang 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.

Nirmal Bang Brokerage Plan detail - Nirmal Bang default brokerage plan charges a fixed rate of percentage-based brokerage fee on trading in different segments.

Brokerage Charges - Compare IIFL Securities with Nirmal Bang
Brokerage Charges Compare IIFL Securities Nirmal Bang
Plan Name IIFL iSERVE Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order 0.2% or 20 paisa
Equity Intraday Flat Rs 20 per order 0.02% or 2 paisa
Equity Futures Flat Rs 20 per order 0.02% or 2 paisa
Equity Options Flat Rs 20 per order Rs 35 Per Lot
Currency Futures Flat Rs 20 per order 0.02% or 2 paisa
Currency Options Flat Rs 20 per order Rs 20 Per Lot
Commodity Trading Flat Rs 20 per order 0.02% or 2 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 50 Per Call + GST NA
Auto Square off Charges Rs 50 Per Call + GST NA
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Nirmal Bang
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Share Broker's Transaction Charges

Compare IIFL Securities vs Nirmal Bang on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Nirmal Bang
Transaction Charges Compare IIFL Securities Nirmal Bang
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 nirmal-bang
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Account Features

Compare IIFL Securities vs Nirmal Bang on Account Features

Compare IIFL Securities with Nirmal Bang 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 - Nirmal Bang offers Algo Trading where IIFL Securities doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IIFL Securities offers NRI where Nirmal Bang doesn't offers NRI Trading.

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

Compare IIFL Securities vs Nirmal Bang on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Nirmal Bang. 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 Nirmal Bang
Trading Platform Compare IIFL Securities Nirmal Bang
Desktop Trading Platform IIFL Trader terminal ODIN Diet
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://nbtrade.nirmalbang.net/netnetlite/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets Beyond
Mobile Trading App Demo IIFL Markets Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Beyond Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IIFL Markets Download iOS Beyond Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Nirmal Bang
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Nirmal Bang
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for nirmal-bang

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Broker Ratings by Users

Compare IIFL Securities vs Nirmal Bang on User Rating

  IIFL Securities Nirmal Bang
  82 Customer Reviews    Rate IIFL Securities 2 Customer Reviews    Rate Nirmal Bang
Fees Ratings 3.1 3.5
Trading Brokerage Rating 2.9 4.0
Trading Platform Usability 3.4 3.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.8 3.5
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare IIFL Securities vs Nirmal Bang on Investment Offerings

Compare IIFL Securities with Nirmal Bang 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 Nirmal Bang doesn't offer

Investment Offerings - Compare IIFL Securities with Nirmal Bang
Investment Offerings Compare IIFL Securities Nirmal Bang
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 No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare IIFL Securities vs Nirmal Bang on Order Types

Order Type - Compare IIFL Securities with Nirmal Bang 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 Nirmal Bang 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Nirmal Bang doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Nirmal Bang
Order Type Compare IIFL Securities Nirmal Bang
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 No
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Customer Service Offered

Compare IIFL Securities vs Nirmal Bang on Customer Service

Compare IIFL Securities with Nirmal Bang 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 Nirmal Bang
Customer Service Compare IIFL Securities Nirmal Bang
24/7 Customer Service IIFL Securities vs Nirmal Bang - 24x7 customer support Yes No
Email Support IIFL Securities vs Nirmal Bang - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Nirmal Bang - Onine Live Chat Yes No
Phone Support IIFL Securities vs Nirmal Bang - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Nirmal Bang - Toll Free Number Yes No
Through Branches IIFL Securities vs Nirmal Bang - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Nirmal Bang - Customer Care Number 022-40071000 Info Not Available
Account Opening Process IIFL Securities vs Nirmal Bang - Account Opening Process Online/Paperless Info Not Available
Customer Support Email IIFL Securities vs Nirmal Bang - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education IIFL Securities vs Nirmal Bang - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx Info Not Available
Head Office Address IIFL Securities vs Nirmal Bang - 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
Info Not Available
Website IIFL Securities vs Nirmal Bang - Company Website https://www.indiainfoline.com/ Info Not Available
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Tips/Research/Reports Published

Compare IIFL Securities vs Nirmal Bang on Research Reports, Tips

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

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

Compare IIFL Securities vs Nirmal Bang on Demat Account

Compare IIFL Securities with Nirmal Bang 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 Nirmal Bang is ₹360 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 Nirmal Bang is 0.03% of the transaction value (Min ₹15).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 Nirmal Bang
  IIFL Securities Nirmal Bang
DP Source CDSL CDSL
DP ID IIFL Securities vs Nirmal Bang - DP ID 44700 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹360 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) 0.03% of the transaction value (Min ₹15)
Demat ₹15 per certificate + ₹40 courier charges ₹40 per demat requets + ₹40 for additional 50 certificate
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges 0.04% of the value or ₹15 per certificate (whichever is higher)
Pledge Creation ₹50 0.02% of the transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of the transaction value (Min ₹100)
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil 0.02% of the transaction value (Min ₹100)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Nirmal Bang on Special Offers and Promotion

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

Compare IIFL Securities vs Nirmal Bang on Special Offers and Promotion
  IIFL Securities Nirmal Bang
Pay In and Pay Out Options IIFL Securities vs Nirmal Bang - 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
Info Not Available
Payout Time IIFL Securities vs Nirmal Bang - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Info Not Available
Bank Supported and Charges IIFL Securities vs Nirmal Bang - 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...

  • Multiple trading and investment products.
  • Zero account opening fees.
  • Low maintenance charges.
  • Trade on the web, Beyond mobile app, and ODIN desktop platform.
  • Next-gen Algo trading platform to automate your trading journey.
  • Technical calls and research across equity, commodity, currency, mutual funds, etc.
  • Institutional research including sector and company-specific reports.
  • An abundance of educational sources i.e., articles, blogs, and educational videos.
  • Margin trading facility (MTF) and Loan against securities (LAS).
  • After-market order (AMO) facility.

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...

  • Nirmal Bang does not provide Good Till Triggered (GTT) order
  • High brokerage charges than discount brokers.
  • Minimum margin money of Rs. 10,000 is required to maintain.
  • It does not provide a 3-in-1 account opening facility.

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