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

IIFL Securities Vs Nuvama Wealth: 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 Nuvama Wealth ranges between Rs 10. IIFL Securities is a Full Service Broker where Nuvama Wealth is a Discount Broker. IIFL Securities is having overall higher rating compare to Nuvama Wealth. IIFL Securities is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for IIFL Securities is 4,44,044 where number of active customer for Nuvama Wealth is 1,74,917. IIFL Securities is serving more customer compare to Nuvama Wealth.

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

  IIFL Securities Compare
IIFL Securities
Nuvama Wealth Compare
Nuvama Wealth
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 4,44,044 1,74,917
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 One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from IIFL Securities Request call back from Nuvama Wealth
Expand

Account Opening Charges and AMC

Compare IIFL Securities vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Nuvama Wealth 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 Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Nuvama Wealth
Charges IIFL Securities Nuvama Wealth
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) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare IIFL Securities vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where IIFL Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IIFL Securities with Nuvama Wealth on Plan Options
Plan Types IIFL Securities Nuvama Wealth
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Nuvama Wealth
Account Opening Request
Expand

Brokerage Charges

Compare IIFL Securities vs Nuvama Wealth 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.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare IIFL Securities with Nuvama Wealth
Brokerage Charges Compare IIFL Securities Nuvama Wealth
Plan Name IIFL iSERVE Brokerage Plan Nuvama Lite
Equity Delivery Flat Rs 20 per order Flat Rs. 10 per executed order
Equity Intraday Flat Rs 20 per order Flat Rs. 10 per executed order
Equity Futures Flat Rs 20 per order Flat Rs. 10 per executed order
Equity Options Flat Rs 20 per order Flat Rs. 10 per executed order
Currency Futures Flat Rs 20 per order Flat Rs. 10 per executed order
Currency Options Flat Rs 20 per order Flat Rs. 10 per executed order
Commodity Trading Flat Rs 20 per order 0.01%
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 20 per call
Auto Square off Charges Rs 50 Per Call + GST Rs 20
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Nuvama Wealth
Expand

Share Broker's Transaction Charges

Compare IIFL Securities vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Nuvama Wealth
Transaction Charges Compare IIFL Securities Nuvama Wealth
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 nuvama-wealth
Expand

Account Features

Compare IIFL Securities vs Nuvama Wealth on Account Features

Compare IIFL Securities with Nuvama Wealth 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 - Nuvama Wealth 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 - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Nuvama Wealth
Account Features Compare IIFL Securities Nuvama Wealth
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 Yes
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 Yes
Other Features NIL NIL
Expand

Trading Platform

Compare IIFL Securities vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Nuvama Wealth. 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 Nuvama Wealth
Trading Platform Compare IIFL Securities Nuvama Wealth
Desktop Trading Platform IIFL Trader terminal Xtreme Trader
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://tlounge.edelweiss.in/Login
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets Nuvama Mobile Trader
Mobile Trading App Demo IIFL Markets Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets Download iOS Nuvama Mobile Trader 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 Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for nuvama-wealth

Expand

Broker Ratings by Users

Compare IIFL Securities vs Nuvama Wealth on User Rating

  IIFL Securities Nuvama Wealth
  82 Customer Reviews    Rate IIFL Securities 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.1 2.8
Trading Brokerage Rating 2.9 3.0
Trading Platform Usability 3.4 3.5
Customer Service Ratings 2.9 1.8
Overall Ratings 2.8 2.0
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
Expand

Investment Offerings

Compare IIFL Securities vs Nuvama Wealth on Investment Offerings

Compare IIFL Securities with Nuvama Wealth 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 Nuvama Wealth
Investment Offerings Compare IIFL Securities Nuvama Wealth
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 NIL
Expand

Order Types

Compare IIFL Securities vs Nuvama Wealth on Order Types

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

Order Types - Compare IIFL Securities with Nuvama Wealth
Order Type Compare IIFL Securities Nuvama Wealth
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 No
Expand

Customer Service Offered

Compare IIFL Securities vs Nuvama Wealth on Customer Service

Compare IIFL Securities with Nuvama Wealth 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 Nuvama Wealth
Customer Service Compare IIFL Securities Nuvama Wealth
24/7 Customer Service IIFL Securities vs Nuvama Wealth - 24x7 customer support Yes No
Email Support IIFL Securities vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support IIFL Securities vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches IIFL Securities vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Nuvama Wealth - Customer Care Number 022-40071000 1800 102 3335
Account Opening Process IIFL Securities vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Nuvama Wealth - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.nuvamawealth.com/investology
Head Office Address IIFL Securities vs Nuvama Wealth - 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
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website IIFL Securities vs Nuvama Wealth - Company Website https://www.indiainfoline.com/ https://www.nuvamawealth.com/
Expand

Tips/Research/Reports Published

Compare IIFL Securities vs Nuvama Wealth on Research Reports, Tips

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

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

Demat Account

Compare IIFL Securities vs Nuvama Wealth on Demat Account

Compare IIFL Securities with Nuvama Wealth 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 Nuvama Wealth is Free (₹1500 one time charges) where for IIFL Securities is ₹400 pa. Nuvama Wealth 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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.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 Nuvama Wealth
  IIFL Securities Nuvama Wealth
DP Source CDSL CDSL
DP ID IIFL Securities vs Nuvama Wealth - DP ID 44700 19100
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1500 one time charges)
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 or ₹20 per transaction whichever is higher
Demat ₹15 per certificate + ₹40 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹50 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Nuvama Wealth on Special Offers and Promotion

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

Compare IIFL Securities vs Nuvama Wealth on Special Offers and Promotion
  IIFL Securities Nuvama Wealth
Pay In and Pay Out Options IIFL Securities vs Nuvama Wealth - 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 Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IIFL Securities vs Nuvama Wealth - 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 Nuvama Wealth - 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
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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 products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo
Enquiry Open IIFL Securities Account Now>> Open Nuvama Wealth Account Now>>

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