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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 4,12,928 where number of active customer for Nuvama Wealth is 1,74,046. 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	Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Active Clients	4,12,928	1,74,046
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,...	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...
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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

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
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

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.

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.

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
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

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)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://ttweb.indiainfoline.com	https://tlounge.edelweiss.in/Login
Web Trading Demo	Info Not Available	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	IIFL Markets	Nuvama Mobile Trader
Mobile Trading App Demo	IIFL Markets Demo	Nuvama Mobile Trader Demo
Android Mobile App
Android App Download	Andriod IIFL Markets Download	Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS)
iOS App Download	iOS IIFL Markets Download	iOS Nuvama Mobile Trader Download
Android Tablet App
iPad App (IOS)
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

Broker Ratings by Users

Compare IIFL Securities vs Nuvama Wealth on User Rating

	IIFL Securities	Nuvama Wealth
	82 Customer Reviews	3 Customer Reviews
Fees Ratings	3.1	2.7
Trading Brokerage Rating	2.9	3.3
Trading Platform Usability	3.4	3.7
Customer Service Ratings	2.9	2.0
Overall Ratings	2.8	2.3
Broker Rating	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews	Nuvama Wealth is Rated 2.3 / 5 based on 3 customer reviews

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
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

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
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

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
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-40071000	1800 102 3335
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx	https://www.nuvamawealth.com/investology
Head Office 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	https://www.indiainfoline.com/	https://www.nuvamawealth.com/

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
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

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	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

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	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	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	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...	Trade and invest on BSE, NSE, and MCX. 10 per order flat brokerage trading. Trade at either a flat brokerage fee (Lite) or %-based brokerage plan (Elite). Add-on services with Elite plan; free call & trade, free RM, etc. Free mobile app, web, and desktop trading terminal. Get Nuvama API connect for free. (Limited time offer) Get free expert research, advisory, and trading tips. Investology, is a stock market learning platform for beginners to experts. Margin trading facility. Offline branch-based customer support is available. 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...	It does not provide a 3-in-1 account opening facility. NRIs cannot open Nuvama Demat and Trading Account. Call & trade, and research services are not free for the Lite brokerage plan subscribers. Detail Review...
Special Offers/Promo
Enquiry	Open IIFL Securities Account Now>>	Open Nuvama Wealth Account Now>>