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The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Finvasia ranges between Rs 0, while the brokerage of Groww ranges between Rs 20. The broker Finvasia and Groww are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Finvasia is rated 4, Groww is rated 4 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Finvasia vs Groww 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 Finvasia vs Groww 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 Finvasia vs Groww in this setion with 360 degree view of broker information.
 IIFL Securities |
 Finvasia |
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| Broker Type | Full Service Broker | Discount Broker | Discount 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,...  |
Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... |
Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... |
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In this section we have compared IIFL Securities vs Finvasia vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Finvasia charges Free AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | IIFL Securities | Finvasia | Groww |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 250 PA (Free for 1st year) | Free | Free |
| Provide DP Service |  |
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Plans are the most important feature you look when compare IIFL Securities vs Finvasia vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Finvasia | Groww |
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| Multiple Plans |  |
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| IIFL Securities | Zerodha | Zerodha | |
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| Account Opening Request |
IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | IIFL Securities | Finvasia | Groww |
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| Plan Name | IIFL iSERVE Brokerage Plan | Zero Brokerage Trading Plan | Flat Brokerage Plan |
| Equity Delivery | Flat Rs 20 per order | Rs 0 | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs 20 per order | Rs 0 | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 20 |
| Equity Options | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 20 |
| Currency Futures | Flat Rs 20 per order | Rs 0 | Not Available |
| Currency Options | Flat Rs 20 per order | Rs 0 | Not Available |
| Commodity Trading | Flat Rs 20 per order | Rs 0 | Not Available |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Funding | Yes - 18% interest PA | Yes, 24% interest PA | NA |
| Call & Trade Charges | Rs 50 Per Call + GST | Free | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 50 Per Call + GST | Free | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Finvasia | Brokerage Calculator for Groww |
Compare IIFL Securities vs Finvasia vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Finvasia | Groww |
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| 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 260 Per Cr | Agri: Rs 175 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for finvasia | Complete Brokerage Plans for groww |
Compare IIFL Securities vs Finvasia vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and Groww offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - IIFL Securities and Finvasia offers NRI Trading where Groww doesn't offers NRI Trading.
| Account Features Compare | IIFL Securities | Finvasia | Groww |
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| 3 in 1 Account | |
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| SMS Alerts | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Finvasia vs Groww. 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 | Finvasia | Groww |
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| Desktop Trading Platform | IIFL Trader terminal | OMNESYS NEST | Groww App |
| Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
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https://ttweb.indiainfoline.com |
https://trade.finvasia.com/ |
Yes |
| Web Trading Demo | Info Not Available | Info Not Available | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | IIFL Markets | SCALPERT | Groww App |
| Mobile Trading App Demo | IIFL Markets Demo | SCALPERT Demo | Info Not Available |
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| Android App Download | Andriod IIFL Markets Download | Andriod SCALPERT Download | Andriod Download |
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| iOS App Download | iOS IIFL Markets Download | Info Not Available | iOS Groww App Download |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Basic platforms are free, advance platforms are chargeable. | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IIFL Securities | Equity Intraday and Delivery Brokerage Calculator for Finvasia | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for groww |
| IIFL Securities | Finvasia | Groww | ||
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82 Customer Reviews
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17 Customer Reviews
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8 Customer Reviews
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| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews | Finvasia is Rated 4.2 / 5 based on 17 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews |
Compare IIFL Securities vs Finvasia vs Groww 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 - IIFL Securities and Finvasia offers Commodity Trading where Groww doesn't 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 Finvasia and Groww doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Finvasia | Groww |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Finvasia vs Groww 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) - IIFL Securities and Finvasia provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Finvasia provides Bracket Orders (BO) facility where IIFL Securities and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - IIFL Securities and Finvasia AMO facility where Groww doesn't provides AMO. GTC Orders - IIFL Securities offers Good Till Cancelled (GTC) orders facility where Finvasia and Groww doesn't provides GTC.
| Order Type Compare | IIFL Securities | Finvasia | Groww |
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Compare IIFL Securities vs Finvasia vs Groww 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 Service Compare | IIFL Securities | Finvasia | Groww |
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| 24/7 Customer Service | |
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| Customer Care Number | 022-40071000 | Support: +91 9779 097 777/Sales: +91 9098 001 001 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected]/[email protected] | [email protected] |
| Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://finvasia.com/announcements | https://groww.in/academy |
| Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://www.indiainfoline.com/ | https://www.finvasia.com/ | https://groww.in/ |
Compare IIFL Securities vs Finvasia vs Groww on research reports and tips provided by broker.
| IIFL Securities | Finvasia | Groww | |
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| Research Mutual Funds | |
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| Research ETF | |
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| Daily Market Report | |
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Compare IIFL Securities vs Finvasia vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Finvasia | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 84300 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free | Zero |
| Advance Deposit | Nil | Rs 0 | Nil |
| Statutory charges | Nil | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹9 + ₹5.50 (CDSL Charges) for every transaction | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹15 per certificate | ₹150 per certificate + courier charges |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹15 for every hundred securities + CDSL Charges | ₹150 per certificate + courier charges |
| Pledge Creation | ₹50 | ₹25 per transaction | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | Nil | NIL | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | Nil | ₹25 per transaction | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | Nil | NIL | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | Nil | ₹19 per transaction | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | Nil | ₹49 | ₹50 |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Finvasia vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Finvasia | Groww | |
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| 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 with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software. Pay-out / Withdrawal Fund through bank transfer only. |
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww 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. | Up to 24 hrs except for bank holidays. | Max 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. | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
FINVASIA SECURITIES PVT LTD, Account Number:08730340000255 Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh Account Type: Current Account IFSC Code:HDFC0000873 |
NA |
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No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
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Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
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| Special Offers/Promo | Free Account Opening+Free Demat AMC+Free Trading. | ||
| Enquire for IIFL Securities | Enquire for Finvasia | Enquire for Groww |
Last Updated on 2023-09-14T04:42:55+00:00
