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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 Zerodha ranges between Rs 20. The broker Finvasia and Zerodha are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Finvasia is rated 4, Zerodha is rated 4.5 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Finvasia vs Zerodha 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 Zerodha 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 Zerodha in this setion with 360 degree view of broker information.
 IIFL Securities |
 Finvasia |
 Zerodha |
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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, MCX |
| 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... |
Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. |
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In this section we have compared IIFL Securities vs Finvasia vs Zerodha 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 Zerodha charges Rs 300 PA AMC for Demat account.
| Charges | IIFL Securities | Finvasia | Zerodha |
|---|---|---|---|
| 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 | Rs 300 PA |
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Plans are the most important feature you look when compare IIFL Securities vs Finvasia vs Zerodha. 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 | Zerodha |
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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.
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 | Finvasia | Zerodha |
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| Plan Name | IIFL iSERVE Brokerage Plan | Zero Brokerage Trading Plan | Max Rs 20 per order Trading Plan |
| Equity Delivery | Flat Rs 20 per order | Rs 0 | Free |
| Equity Intraday | Flat Rs 20 per order | Rs 0 | 0.03% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs 20 per order | Rs 0 | 0.03% or Rs 20 whichever is lower |
| Equity Options | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 20 |
| Currency Futures | Flat Rs 20 per order | Rs 0 | 0.03% or Rs 20 whichever is lower |
| Currency Options | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 20 |
| Commodity Trading | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 20 |
| Minimum Brokerage | NA | NIL | |
| 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 Zerodha |
Compare IIFL Securities vs Finvasia vs Zerodha on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Finvasia | Zerodha |
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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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for iifl-securities | Complete Brokerage Plans for finvasia | Complete Brokerage Plans for zerodha |
Compare IIFL Securities vs Finvasia vs Zerodha 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 offers margin funding where Finvasia and Zerodha doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | IIFL Securities | Finvasia | Zerodha |
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| 3 in 1 Account | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:20 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 Zerodha. 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 | Zerodha |
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| Desktop Trading Platform | IIFL Trader terminal | OMNESYS NEST | NA |
| Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
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| Web Trading Detail |
https://ttweb.indiainfoline.com |
https://trade.finvasia.com/ |
Zerodha Kite Web |
| Web Trading Demo | Info Not Available | Info Not Available | Web Trading Demo |
| Mobile Site | |
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| Mobile Trading App | IIFL Markets | SCALPERT | Zerodha Kite App |
| Mobile Trading App Demo | IIFL Markets Demo | SCALPERT Demo | Zerodha Kite App Demo |
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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 Zerodha Kite App Download |
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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 Zerodha |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for Zerodha |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for Zerodha |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for zerodha |
| IIFL Securities | Finvasia | Zerodha | ||
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82 Customer Reviews
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17 Customer Reviews
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160 Customer Reviews
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| Fees Ratings | ||||
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| 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 | Zerodha is Rated 3.9 / 5 based on 160 customer reviews |
Compare IIFL Securities vs Finvasia vs 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 - 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 Finvasia and Zerodha doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Finvasia | Zerodha |
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| Equity Cash and F&O | |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Finvasia vs Zerodha 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) - Finvasia provides Bracket Orders (BO) facility where IIFL Securities and Zerodha 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 Zerodha offers Good Till Cancelled (GTC) orders facility where Finvasia doesn't provides GTC.
| Order Type Compare | IIFL Securities | Finvasia | Zerodha |
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| CNC order | |
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Compare IIFL Securities vs Finvasia vs Zerodha 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 | Zerodha |
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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 | "+ 91 80 4040 2020" |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| 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://zerodha.com/varsity/ |
| 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 |
Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
| Website | https://www.indiainfoline.com/ | https://www.finvasia.com/ | https://zerodha.com/ |
Compare IIFL Securities vs Finvasia vs Zerodha on research reports and tips provided by broker.
| IIFL Securities | Finvasia | Zerodha | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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| Daily Market Report | |
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Compare IIFL Securities vs Finvasia vs Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Finvasia | Zerodha | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 84300 | 81600 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free | ₹300 pa |
| Advance Deposit | Nil | Rs 0 | Nil |
| Statutory charges | Nil | Nil | ₹50 |
| 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) per transaction |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹15 per certificate | ₹150 per certificate + ₹100 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 + ₹100 courier charges + CDSL Charges |
| Pledge Creation | ₹50 | ₹25 per transaction | ₹20 + ₹12 CSDL charges |
| Pledge Creation Confirmation | Nil | NIL | Nil |
| Pledge Closure | Nil | ₹25 per transaction | ₹20 + ₹12 CSDL charges |
| Pledge Closure Confirmation | Nil | NIL | Nil |
| Pledge Invocation | Nil | ₹19 per transaction | ₹20 |
| Failed Instruction Charges | Nil | ₹49 | ₹50 per instraction |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Finvasia vs Zerodha on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Finvasia | Zerodha | |
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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 Kite 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 for 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 zerodha trading platform (kite/PI). |
| 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 |
HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
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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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You will enjoy many benefits or advantages while trading with Zerodha;
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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. | 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. | |
| Enquire for IIFL Securities | Enquire for Finvasia | Enquire for Zerodha |
Last Updated on 2023-09-14T04:42:55+00:00
