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IIFL Securities Vs Zerodha: 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 Zerodha ranges between Rs 20. IIFL Securities is a Full Service Broker where Zerodha is a Discount Broker. IIFL Securities is having overall lower rating compare to Zerodha. IIFL Securities is rated only 4 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 69,94,952 where number of active customer for IIFL Securities is 4,26,451. Zerodha is serving more customer compare to IIFL Securities.

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

  IIFL Securities Compare
IIFL Securities
Zerodha Compare
Zerodha
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 NSE, BSE, MCX
Active Clients 4,26,451 69,94,952
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 Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform...Know more about Zerodha
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 Zerodha on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Zerodha
Charges IIFL Securities Zerodha
Trading Account Opening Fees Free Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Zerodha on Plan Options

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

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare IIFL Securities with Zerodha
Brokerage Charges Compare IIFL Securities Zerodha
Plan Name IIFL iSERVE Brokerage Plan Max Rs 20 per order Trading Plan
Equity Delivery Flat Rs 20 per order Free
Equity Intraday Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Equity Options Flat Rs 20 per order Flat Fee Rs 20
Currency Futures Flat Rs 20 per order 0.03% or Rs 20 whichever is lower
Currency Options Flat Rs 20 per order Flat Fee Rs 20
Commodity Trading Flat Rs 20 per order Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 50 Per Call + GST Rs 50 Per Executable Order
Auto Square off Charges Rs 50 Per Call + GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Zerodha
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Share Broker's Transaction Charges

Compare IIFL Securities vs Zerodha on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Zerodha
Transaction Charges Compare IIFL Securities Zerodha
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 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for zerodha
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Account Features

Compare IIFL Securities vs Zerodha on Account Features

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

Account Features - IIFL Securities with Zerodha
Account Features Compare IIFL Securities Zerodha
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. Yes, IIFL Securities have 3-in-1 accounts. Bank Account, Demat 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 3:10 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IIFL Securities vs Zerodha on Trading Platform

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

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Broker Ratings by Users

Compare IIFL Securities vs Zerodha on User Rating

  IIFL Securities Zerodha
  82 Customer Reviews    Rate IIFL Securities 160 Customer Reviews    Rate Zerodha
Fees Ratings 3.1 4.0
Trading Brokerage Rating 2.9 4.4
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.9 3.8
Overall Ratings 2.8 3.9
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare IIFL Securities vs Zerodha on Investment Offerings

Compare IIFL Securities with Zerodha 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 Zerodha doesn't offer

Investment Offerings - Compare IIFL Securities with Zerodha
Investment Offerings Compare IIFL Securities Zerodha
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
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Order Types

Compare IIFL Securities vs Zerodha on Order Types

Order Type - Compare IIFL Securities with Zerodha 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) - 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 Zerodha
Order Type Compare IIFL Securities Zerodha
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
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 Zerodha on Customer Service

Compare IIFL Securities with Zerodha 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 Zerodha
Customer Service Compare IIFL Securities Zerodha
24/7 Customer Service IIFL Securities vs Zerodha - 24x7 customer support Yes No
Email Support IIFL Securities vs Zerodha - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Zerodha - Onine Live Chat Yes No
Phone Support IIFL Securities vs Zerodha - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Zerodha - Toll Free Number Yes No
Through Branches IIFL Securities vs Zerodha - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Zerodha - Customer Care Number 022-40071000 "+ 91 80 4040 2020"
Account Opening Process IIFL Securities vs Zerodha - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Zerodha - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Zerodha - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://zerodha.com/varsity/
Head Office Address IIFL Securities vs Zerodha - 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
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website IIFL Securities vs Zerodha - Company Website https://www.indiainfoline.com/ https://zerodha.com/
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Tips/Research/Reports Published

Compare IIFL Securities vs Zerodha on Research Reports, Tips

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

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

Compare IIFL Securities vs Zerodha on Demat Account

Compare IIFL Securities with Zerodha 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 Zerodha is ₹300 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per 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 Zerodha
  IIFL Securities Zerodha
DP Source CDSL CDSL
DP ID IIFL Securities vs Zerodha - DP ID 44700 81600
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit Nil Nil
Statutory charges Nil ₹50
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹15 per certificate + ₹40 courier charges ₹150 per certificate + ₹100 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation ₹50 ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹20
Failed Instruction Charges Nil ₹50 per instraction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Zerodha on Special Offers and Promotion

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

Compare IIFL Securities vs Zerodha on Special Offers and Promotion
  IIFL Securities Zerodha
Pay In and Pay Out Options IIFL Securities vs Zerodha - 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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IIFL Securities vs Zerodha - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Max 24 hrs except for bank holidays
Bank Supported and Charges IIFL Securities vs Zerodha - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
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...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

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...

  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not available on Kite
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

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