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, and a widespread branch network across the country.
IIFL Securities (India Infoline), a part of IIFL Group, is one of the largest full-service retail and institutional broking house in India. It provides diversified financial products and investment offerings including equity, derivatives, commodities, currencies, mutual funds, IPO, FD, bonds, alternative investment funds, and portfolio management services to retail, high-net-worth individual (HNI), and institutional customers.
Whether you are a resident or NRI, you can open a demat and trading account with IIFL Securities to trade in different segments. When trading with IIFL, the brokerage should not be a key concern, because it charges just Rs. 20 flat brokerage fee on trading in different asset classes. The brokerage plan strongly competes with top discount brokerage houses like Zerodha, Upstox, etc.
Not just the lowest brokerage trading services, but also you will get access to the industry’s best research, advisory, and trading calls for free. IIFL offers expert-backed equity and mutual fund research to customers.
The full-service broking house provides multiple end-to-end advanced technology platforms; IIFL Markets mobile app, IIFL MF app, website, and an installable Trader Terminal to facilitate online trading across all devices.
IIFL adopts a customer-centric approach to constantly add value for end users through its unique products and service offerings. It provides 24/7 customer support across multiple communication channels. It also has 4,500+ branches spread across 950+ cities all over the country. It also has offices in overseas countries such as Mauritius, Dubai, London, New York, Singapore, Colombo, and Hong Kong.
Go through the latest and genuine IIFL Securities Review 2023 to checkout the IIFL brokerage charges, account opening charges, trading platforms, customer care details, and pros & cons of trading with IIFL.
iSERVE is the name of the brokerage plan offered by IIFL Securities. It is a flat discount brokerage plan that charges you a flat Rs. 20 per order brokerage fees on trading in equity intraday (MIS), delivery (CNC), F&O, commodities, and currencies segment. There are no monthly charges or no subscription fees for the IIFL iSERVE pricing plan.
IIFL brokerage plan offers free access to many value-added offerings like intraday-trading calls, expert research reports, and dedicated RM. Therefore, the plan is highly competitive concerning the popular Rs. 20 discount brokerage plans of top brokers like Zerodha, Upstox, 5paisa, etc. It means you will get access to the industry’s unique offerings (best platforms, research & advisory, dedicated customer support) at the cheapest brokerage of just Rs. 20/order with IIFL.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 250 PA (Free for 1st year)|
Here we are comparing IIFL Securities with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||IIFL Securities||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||Flat Rs 20 per order||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||Flat Rs 20 per order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||Flat Rs 20 per order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Rs 20 per order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Rs 20 per order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||Flat Rs 20 per order||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Rs 20 per order||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
For complete brokerage charges and trading plans detail please visit IIFL Securities Brokerage Charges.
Please refer unique and accurate IIFL Securities Brokerage Calculator
IIFL is one of the leading brokers that allow you to open a free demat-cum-trading account. IIFL Trading Account provides customers access to multiple asset classes including equity, equity derivatives, commodities, currencies, IPO, mutual funds, bonds, and many others. The app provides you access to the free industry-best research and advisory for a rationalized investment decision.
IIFL adopts a simplistic 100% digital and fully paperless account opening approach to enable users to start online hassle-free trading in just a few minutes. An integrated IIFL 2-in-1 account, trading & demat account facilitates flawless trading and investing journey on the best platforms.
Having a demat and trading account with IIFL securities provides you access to the next-gen trading platforms and tools. It offers free platforms backed by a user-friendly interface as a one-stop solution for investing across 20+ asset classes. Let’s review some of the awesome features of the IIFL Securities Mobile app, website, and desktop trading terminal.
For detail review of mobile app and download please visit IIFL Securities Trading Platform Review.
IIFL Securities claims to have a team of dedicated customer support executives who are devoted to resolving customer queries, concerns, and complaints at the earliest. The customer care team constantly works to serve the client satisfactorily.
The broker provides 24*7 customer services through IVR Technology wherein customers can drop a voice message even during and after office hours and the team will respond to your query as soon as possible. You can also raise your concern by writing a mail or sending a Whatsapp message on 9289903000. The broker provides real-time customer support across IIFL Markets App and the Trader Terminal platform.
IIFL also has a strong network of over 4,500 branches all over the country to provide offline assistance to users.
Since 1995, with over 25 years of experience in the brokerage space, IIFL Securities has carved a strong brand name in India. Whether you are a trader or an investor, IIFL cares for you by providing multiple trading and investing products, portfolio management services, Rs. 20 flat pricing model, end-to-end technology platforms, expert-curated stocks, and mutual fund advisory, and research reports.
Even if you are a beginner and want to start trading at the cheapest brokerage fee but also free access to the best research, IIFL may be on the list of recommended brokers.
Last updated on: 2023-09-14
IIFL Securities is one of the best full-service brokerage house due to following reasons:
Yes, IIFL Securities is definitely a good broker for trading because of following reasons:
Here are the steps to login with IIFL Securities trading platform.
Yes, undoubtedly, IIFL is a good broker for first-time traders or beginners because of the following reasons;
IIFL Securities Ltd is a broking arm of IIFL group that offers diversified financial products and services to customers. It is founded by Nirmal Jain (Chairman) and Rajamani Venkataraman (Managing Director).
To trade with IIFL, firstly you have to open a 2-in-1 account (IIFL Demat + Trading). Once your IIFL account has been opened successfully then you can log in with any of the trading platforms whether IIFL Markets mobile app, IIFL TT web, and IIFL TT desktop trading software, and place buy and sell securities as per your trading requirement. On trading with IIFL, you will be charged with the applicable brokerage charges.
However, if you want to invest only in mutual funds then you have to open an IIFL mutual fund account and can invest in MF through the IIFL Mutual Funds app or IIFL Web.
IIFL being an NSDL and CDSL depository participant offers Demat account opening services. Every Demat account holder with IIFL has a unique identification number that is called IIFL DP ID that is necessary to place buy and sell transactions.
One can easily transfer funds to your IIFL trading account using any of the platforms i.e. IIFL TT web, IIFL TT, and IIFL Markets app.
Steps to add funds to your IIFL account through IIFL app:
Steps to place AMO through IIFL Markets app:
If you want to link a new bank account with IIFL then you can do it. You have to go through the below steps to change your registered bank account with IIFL Trading Account.
If you chose to add funds to your IIFL account online then the funds will be added or transferred instantly with no time lag. Once funds are credited to your IIFL trading account, you can view your account balance on the dashboard.
No, IIFL Securities Ltd is a full-service broker that offers a complete investment solution (multiple products i.e. equity, derivative, commodity, currency, IPO, MF, PMS, fixed income products, loans, etc.) to customers. Thus, the broker meets the diversified investment requirement of their clients. As it is a full-service broker, therefore, also provides research and advisory service that is not available with any discount brokers like Zerodha and Upstox.
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