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The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Kotak Securities ranges between Rs. 20 per order, while the brokerage of Finvasia ranges between Rs 0. The broker IIFL Securities and Kotak Securities are full service brokers where Finvasia is a discount broker. Overall rating for IIFL Securities is 4, Kotak Securities is rated 4, Finvasia is rated 4 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Kotak Securities vs Finvasia 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 Kotak Securities vs Finvasia 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 Kotak Securities vs Finvasia in this setion with 360 degree view of broker information.
 IIFL Securities |
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| Broker Type | Full Service Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| 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,...  |
Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... |
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... |
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In this section we have compared IIFL Securities vs Kotak Securities vs Finvasia 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, Kotak Securities charges Rs 600 PA AMC for Demat account, where Finvasia charges Free AMC for Demat account.
| Charges | IIFL Securities | Kotak Securities | Finvasia |
|---|---|---|---|
| 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) | Rs 600 PA | Free |
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Plans are the most important feature you look when compare IIFL Securities vs Kotak Securities vs Finvasia. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Kotak Securities offers Multiple Plans where IIFL Securities and Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Kotak Securities | Finvasia |
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| Multiple Plans |  |
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| IIFL Securities | Kotak Securities | 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.
Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
| Brokerage Charges Compare | IIFL Securities | Kotak Securities | Finvasia |
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| Plan Name | IIFL iSERVE Brokerage Plan | Kotak Securities Trade Free Plan | Zero Brokerage Trading Plan |
| Equity Delivery | Flat Rs 20 per order | 0.25% | Rs 0 |
| Equity Intraday | Flat Rs 20 per order | Free | Rs 0 |
| Equity Futures | Flat Rs 20 per order | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Rs 0 |
| Equity Options | Flat Rs 20 per order | Delivery: Flat fee Rs. 20 per order| Intraday: Free | Rs 0 |
| Currency Futures | Flat Rs 20 per order | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Rs 0 |
| Currency Options | Flat Rs 20 per order | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Rs 0 |
| Commodity Trading | Flat Rs 20 per order | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Rs 0 |
| Minimum Brokerage | Rs 21 per executed order | NA | |
| Hidden Charges | Info Not Available | No | |
| Funding | Yes - 18% interest PA | 12.49% interest PA | Yes, 24% interest PA |
| Call & Trade Charges | Rs 50 Per Call + GST | 20 calls free and after that Rs 20 per call | Free |
| Auto Square off Charges | Rs 50 Per Call + GST | 20 calls free and after that Rs 20 per call | Free |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Kotak Securities | Brokerage Calculator for Finvasia |
Compare IIFL Securities vs Kotak Securities vs Finvasia on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Kotak Securities | Finvasia |
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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 360 Per Cr | Agri: Rs 275 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 kotak-securities | Complete Brokerage Plans for finvasia |
Compare IIFL Securities vs Kotak Securities vs Finvasia on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 Account where IIFL Securities and Finvasia offers only 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and Kotak Securities offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | IIFL Securities | Kotak Securities | Finvasia |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Kotak Securities vs Finvasia. 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 | Kotak Securities | Finvasia |
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| Desktop Trading Platform | IIFL Trader terminal | Neo | OMNESYS NEST |
| Desktop Demo | Desktop Demo | Desktop Demo | Info Not Available |
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https://ttweb.indiainfoline.com |
https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat |
https://trade.finvasia.com/ |
| Web Trading Demo | Info Not Available | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | IIFL Markets | Kotak Neo | SCALPERT |
| Mobile Trading App Demo | IIFL Markets Demo | Kotak Neo Demo | SCALPERT Demo |
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| Android App Download | Andriod IIFL Markets Download | Andriod Kotak Neo Download | Andriod Download |
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| iOS App Download | iOS IIFL Markets Download | iOS Kotak Neo Download | iOS SCALPERT Download |
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| Trading Software Charges | Free | Free | Basic platforms are free, advance platforms are chargeable. |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IIFL Securities | Equity Intraday and Delivery Brokerage Calculator for Kotak Securities | Equity Intraday and Delivery Brokerage Calculator for Finvasia |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Kotak Securities | Futures Brokerage Calculator for Finvasia |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Kotak Securities | Options Brokerage Calculator for Finvasia |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for kotak-securities | Detail on Trading Platforms for finvasia |
| IIFL Securities | Kotak Securities | Finvasia | ||
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82 Customer Reviews
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82 Customer Reviews
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17 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews | Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews | Finvasia is Rated 4.2 / 5 based on 17 customer reviews |
Compare IIFL Securities vs Kotak Securities vs Finvasia 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 and Kotak Securities offers PMS facility where Finvasia doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Kotak Securities | Finvasia |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Kotak Securities vs Finvasia 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) - Kotak Securities and Finvasia provides Bracket Orders (BO) facility where IIFL Securities 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 Kotak Securities offers Good Till Cancelled (GTC) orders facility where Finvasia doesn't provides GTC.
| Order Type Compare | IIFL Securities | Kotak Securities | Finvasia |
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Compare IIFL Securities vs Kotak Securities vs Finvasia 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 | Kotak Securities | Finvasia |
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| 24/7 Customer Service | |
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| Customer Care Number | 022-40071000 | 1800 209 9191 | Support: +91 9779 097 777/Sales: +91 9098 001 001 |
| Account Opening Process | Online/Paperless | Online | 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://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank | https://finvasia.com/announcements |
| Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 |
Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
| Website | https://www.indiainfoline.com/ | https://www.kotaksecurities.com | https://www.finvasia.com/ |
Compare IIFL Securities vs Kotak Securities vs Finvasia on research reports and tips provided by broker.
| IIFL Securities | Kotak Securities | Finvasia | |
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| Research Mutual Funds | |
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Compare IIFL Securities vs Kotak Securities vs Finvasia on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Kotak Securities | Finvasia | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 49200 | 84300 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹780 pa | Free |
| Advance Deposit | Nil | NA | Rs 0 |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹27) + CDSL charges | ₹9 + ₹5.50 (CDSL Charges) for every transaction |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹3 per certificate + ₹50 courier charges | ₹15 per certificate |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹10 for every hundred securities (Min ₹15) | ₹15 for every hundred securities + CDSL Charges |
| Pledge Creation | ₹50 | 0.05% of transaction value (Min ₹30) | ₹25 per transaction |
| Pledge Creation Confirmation | Nil | 0.05% of transaction value (Min ₹30) | NIL |
| Pledge Closure | Nil | 0.05% of transaction value (Min ₹30) | ₹25 per transaction |
| Pledge Closure Confirmation | Nil | 0.05% of transaction value (Min ₹30) | NIL |
| Pledge Invocation | Nil | 0.05% of transaction value (Min ₹30) | ₹19 per transaction |
| Failed Instruction Charges | Nil | Nil | ₹49 |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Kotak Securities vs Finvasia on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Kotak Securities | Finvasia | |
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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/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank). 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. |
| 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 fund transfer with Kotak Mahindra Bank. | Up to 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. | (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. |
| Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
Direct from your Kotak Mahindra bank account. | 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 |
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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 Kotak Securities | Enquire for Finvasia |
Last Updated on 2023-09-14T04:42:55+00:00
