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IIFL Securities Vs Alice Blue Vs AxisDirect: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker IIFL Securities and AxisDirect are full service brokers where Alice Blue is a discount broker. Overall rating for IIFL Securities is 4, Alice Blue is rated 4, AxisDirect is rated 3.5 out of 5.

Here we present side-by-side comparison of IIFL Securities vs Alice Blue vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared IIFL Securities vs Alice Blue vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better IIFL Securities vs Alice Blue vs AxisDirect in this setion with 360 degree view of broker information.

Compare IIFL Securities vs Alice Blue vs AxisDirect on Service

  IIFL Securities Compare
IIFL Securities
Alice Blue Compare
Alice Blue
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Full Service Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX NSE, BSE
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 Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect
Broker Enquiry Request call back from IIFL Securities Request call back from Alice Blue Request call back from Zerodha
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Account Opening Charges and AMC

Compare IIFL Securities vs Alice Blue vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared IIFL Securities vs Alice Blue vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities and Alice Blue offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities vs Alice Blue vs AxisDirect
Charges IIFL Securities Alice Blue AxisDirect
Trading Account Opening Fees Free Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 400 PA Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Alice Blue vs AxisDirect on Plan Options

Plans are the most important feature you look when compare IIFL Securities vs Alice Blue vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue and AxisDirect offers Multiple Plans where IIFL Securities doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare IIFL Securities vs Alice Blue vs AxisDirect on Plan Options
Plan Types IIFL Securities Alice Blue AxisDirect
Multiple Plans No Yes Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  IIFL Securities Alice Blue Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Alice Blue vs AxisDirecton Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare IIFL Securities vs Alice Blue vs AxisDirect
Brokerage Charges Compare IIFL Securities Alice Blue AxisDirect
Plan Name IIFL iSERVE Brokerage Plan F15 Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order Free 0.50% (Each leg)
Equity Intraday Flat Rs 20 per order 0.05% or Rs 15 whichever is lower 0.05% (Each leg)
Equity Futures Flat Rs 20 per order 0.05% or Rs 15 whichever is lower 0.05% (Each leg)
Equity Options Flat Rs 20 per order Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Rs 20 per order 0.05% or Rs 15 whichever is lower 0.05% (Each Leg)
Currency Options Flat Rs 20 per order Flat Fee Rs 15 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Rs 20 per order Flat Fee Rs 15 Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NA
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 24% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 50 per order + GST Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 50 Per Call + GST Rs 50 per order + GST 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Alice Blue Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare IIFL Securities vs Alice Blue vs AxisDirect on Transaction Charges

Compare IIFL Securities vs Alice Blue vs AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities vs Alice Blue vs AxisDirect
Transaction Charges Compare IIFL Securities Alice Blue AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 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 alice-blue Complete Brokerage Plans for axisdirect
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Account Features

Compare IIFL Securities vs Alice Blue vs AxisDirect on Account Features

Compare IIFL Securities vs Alice Blue vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 Account where IIFL Securities and Alice Blue offers only 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and AxisDirect offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - IIFL Securities vs Alice Blue vs AxisDirect
Account Features Compare IIFL Securities Alice Blue AxisDirect
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. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes No Yes
Online Demo Yes No Yes
Online Portfolio Yes No Yes
Margin Trading Funding Available Yes No Yes
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM 2:45 PM
NRI Trading Yes Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare IIFL Securities vs Alice Blue vs AxisDirecton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Alice Blue vs AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities vs Alice Blue vs AxisDirect
Trading Platform Compare IIFL Securities Alice Blue AxisDirect
Desktop Trading Platform IIFL Trader terminal ANT - Analyse and Trade Ring
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://ttweb.indiainfoline.com

https://login.axisdirect.in/

Web Trading Demo Info Not Available Info Not Available Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App IIFL Markets ANT Mobile AxisDirect Ring Mobile App
Mobile Trading App Demo IIFL Markets Demo ANT Mobile Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod IIFL Markets Download Andriod ANT Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS IIFL Markets Download iOS ANT Mobile Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for alice-blue Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare IIFL Securities vs Alice Blue vs AxisDirect on User Rating

  IIFL Securities Alice Blue AxisDirect
  82 Customer Reviews    Rate IIFL Securities 8 Customer Reviews    Rate Alice Blue 6 Customer Reviews    Rate AxisDirect
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare IIFL Securities vs Alice Blue vs AxisDirect on Investment Offerings

Compare IIFL Securities vs Alice Blue vs AxisDirect 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Alice Blue and AxisDirect doesn't offers PMS facility.

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

Compare IIFL Securities vs Alice Blue vs AxisDirect on Order Types

Order Type - Compare IIFL Securities vs Alice Blue vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - Alice Blue provides Bracket Orders (BO) facility where IIFL Securities and AxisDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - IIFL Securities and AxisDirect offers Good Till Cancelled (GTC) orders facility where Alice Blue doesn't provides GTC.

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

Compare IIFL Securities vs Alice Blue vs AxisDirect on Customer Service

Compare IIFL Securities vs Alice Blue vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare IIFL Securities vs Alice Blue vs AxisDirect
Customer Service Compare IIFL Securities Alice Blue AxisDirect
24/7 Customer Service Yes No No
Email Support Yes No Yes
Onine Live Chat Yes Yes Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No Yes
Through Branches Yes Yes Yes
Customer Care Number 022-40071000 08035215000/080-45490850 022-61480808
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://tradeschool.aliceblueonline.com/ https://simplehai.axisdirect.in/learn/overview
Head Office Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://www.indiainfoline.com/ https://www.aliceblueonline.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare IIFL Securities vs Alice Blue vs AxisDirect on Research Reports, Tips

Compare IIFL Securities vs Alice Blue vs AxisDirect on research reports and tips provided by broker.

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

Compare IIFL Securities vs Alice Blue vs AxisDirect on Demat Account

Compare IIFL Securities vs Alice Blue vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities vs Alice Blue vs AxisDirect
  IIFL Securities Alice Blue AxisDirect
DP Source CDSL CDSL CDSL
DP ID 44700 83500 49200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹400 pa ₹500 pa
Advance Deposit Nil Rs 0 Nil
Statutory charges Nil Rs 150 Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% of the value of the transaction ₹10
Demat ₹15 per certificate + ₹40 courier charges ₹10 per certificate + ₹50 courier charges ₹3 per certificate
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹30 per certificate + CDSL charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 ₹20 + CDSL charges ₹25
Pledge Creation Confirmation Nil Nil ₹25
Pledge Closure Nil ₹20 + CDSL charges ₹25
Pledge Closure Confirmation Nil Nil ₹25
Pledge Invocation Nil ₹20 + CDSL charges Nil
Failed Instruction Charges Nil Nil Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Alice Blue vs AxisDirect on Special Offers and Promotion

Compare IIFL Securities vs Alice Blue vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Alice Blue vs AxisDirect on Special Offers and Promotion
  IIFL Securities Alice Blue AxisDirect
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 Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
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. Instant to Axis Bank.
Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. NA
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Direct from your Axis bank account.
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 on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

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...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for IIFL Securities Enquire for Alice Blue Enquire for AxisDirect

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