IIFL Review 2020

Rated 4/5 by Top Share Brokers Team
India Infoline Limited Review

Contact India Infoline (IIFL)

Name 

 Phone 
Email   State 
City    NRI Form ⇒

Incorporated in 1995, IIFL Securities Limited is the subsidiary of India Infoline Group offering equity, commodities, currency broking services to the retail as well as institutional investors. These services are supported by strong in-house research, advisory and customer service.  IIFl customer gets award-winning research services and other added benefits like IPO and Mutual Fund, Fixed income instruments investment, PMS,  advisory, relationship manager, branch support, integrated platform and so on.

The broker is a registered member of NSE and BSE. For demat account, IIFL is DP with both NSDL and CDSL. IIFL is one of the largest distributors of mutual funds in India acting as a distributor agent for mutual funds as well as broking services for trading mutual fund units in the market. IIFL also offers advice on various products such as pension plans, fixed deposits as a part of its advisory services.

The network of close to 2300 plus business locations spread over 850+ towns and cities is a plus as a trader to approach them directly for trading needs. IIFL offers customer care on phone and email for technical queries and grievances. IIFL Securities is listed on NSE with the code IIFLSEC and on BSE with code 542773 for trading on the stock exchange.

IIFL provides facility for Equity Systematic Investment Plan (Equity SIP) through which customers can place buy orders for a pre-specified amount in scripts of their choice at regular intervals over a period of time. A similar facility is also available in Commodity and Mutual Fund.

Review Summary

IIFL Securities empowers investors with cutting-edge technology, world-renowned research reports, finest trading platforms (Trader Terminal), online IPO investment, portfolio management services and so on for successful investment and trading comforts.


Benefits

  • Paperless account opening process.
  • Three brokerage plans to choose from.
  • One of the Industry's best trading platforms: IIFL Trader Terminal.
  • Tools like Equity Systematic Investment Plan (Equity SIP) and Trader Multiple.
  • Valid Till Date Order facility.
  • 4000+ Branches across India.
  • Trading in all segments: Equity, Derivative, Currency, Commodity, IPOs, mutual fund.

Considerations

  • Fund transfer charges and minimum brokerage charges.
  • Multiple brokerage plans create confusion.
  • Hidden charges here and there.

Special Offer

Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off (save up to Rs. 1150). Sign up now

Request call back from India Infoline (IIFL)

India Infoline (IIFL) Investment Options Compare

Here we are comparing India Infoline (IIFL) with its 5 close competitors on investment options.

Broker India Infoline (IIFL) Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

India Infoline (IIFL) Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

India Infoline (IIFL) Account Opening Charges

      »»  Trading Account Opening Charges: Rs 750
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Rs 555
      »»  Demat Account AMC: Rs 300 PA

India Infoline (IIFL) Brokerage

IIFL has three brokerage plans to offer to its clients:

  • Variable Brokerage Plan

    • This is the brokerage plan depending upon the volume of trade per month in a particular segment. The more is your volume the lower will be the brokerage.
    • For Equity Delivery the brokerage ranges from .60% to .15% for trading volume of <1 lac to > 200 lac.
    • Brokerage for Intraday ranges from .05% to .02% for monthly turnover of <20 lac to > 500 lac.
    • Future trade runs @ .05% to .02% for monthly turnover of <100 lac to >5000 lac.
    • Option Trade runs at 2.5% to 1 % for monthly premium volume of upto 4 lac to > 50 lac.
  • Flat Brokerage Plan

    IIFL Flat brokerage plan is the standard plan with no prerequisites of the minimum margin amount in the account. Brokerage is charged flat without depending on the volume of trade.

    • Equity Delivery: 0.50%
    • Equity Intraday and Futures: .05% on both side
    • Equity Options: 1% of premium or Rs 100 per lot whichever is higher
  • Value Added Subscription Plan

    This is a prepaid brokerage plan where the client needs to pay a subscription fee at the beginning of a 12 month time period. The subscription fee is non -refundable. This fee pays off the brokerage generated during this period.

Benefits

  • Choice of brokerage.
  • No extra charges to use the platforms.
  • Free research and advisory services with the plan.
  • Trading in all segments.

Considerations

  • Call and Trade is not absolutely free.
  • The subscription fee is non-refundable.
  • Plans cannot be changed during the validity period.

Other Charges

  • Minimum brokerage charges of 5 Paisa per share.
  • First 20 call n trade per month is free after that Rs 20 per call.

IIFL Securities Account Types

  • IIFL Insta Trading Account

    IIFL offers an online trading account to be used for buying and selling securities in the stock market. Account opening is 100% paperless and instant.

  • IIFL Demat Account

    IIFL offers an online Demat Account to hold securities in electronic form. IIFL Demat Account are of two types depending on the value of holdings in the Account.

    • BSDA Demat Account

      BSDA Demat Account has a limitation of holdings of securities up to Rs 2 lakh. There is no Annual Demat AMC if the value of the holding is up to 50,000. From 50,001 to 200,000, Rs 100 is charged as annual Demat AMC.

    • Regular (Non-BSDA) Demat Account

      In regular Demat Account, there is no limit on the value of holdings in the Demat account. Demat AMC of Rs 400 is charged annually.

  • IIFL Mutual Fund Account

    IIFL also offers an online Mutual Fund Account for investing in Direct and Regular Mutual Funds. SIP and advisory facility is also available with this account.

  • IIFL NRI Trading & Demat Account

    IIFL offers NRI trading and Demat account. Complete end to end solution for NRI Customers.

For complete brokerage charges and trading plans detail please visit India Infoline (IIFL) Brokerage Charges.

India Infoline (IIFL) with closest competitors

Here we are comparing India Infoline (IIFL) with its 5 close competitors, who are currently market leader in brokerage industry.

Broker India Infoline (IIFL) Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to .5% 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options 1% of Premium or Rs 100 per lot whichever is high 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options 1% of Premium or Rs 100 per lot whichever is high 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate India Infoline (IIFL) Brokerage Calculator


Open Trading and Demat Account with India Infoline Limited

IIFL is allowing Aadhar based account opening in 15 mins.

Contact India Infoline (IIFL)

Name 

 Phone 
Email   State 
City    NRI Form ⇒

Alternatives to India Infoline (IIFL)

 comparison
 comparison
 comparison
 comparison

India Infoline (IIFL) Trading Platform and Tools

Trading Platforms Rated 4.5/5
    • IIFL Trader Terminal (desktop application and browser-based)

      The proprietary trading software of IIFL offers unmatched trading convenience. The trading terminal can be used as a desktop application as well as a browser-based web application. IIFL Trader Terminal is the world-class trading tool with superior charting and analytical capabilities. Trader Terminal offers trading in cash, derivatives, mutual funds, IPOs, currencies, and commodities all in one screen. The client gets fast trade execution, live chat, live research and news, streaming quotes and multiple market watch.

    • IIFL Markets App (mobile app)

      This is the highest-rated trading app of IIFL enriched with features like access to all asset class, customizable multiple watch-list, detailed Dashboard for Indices, commodities and currencies; research report on top 500 stocks; place/modify/cancel the order; apply for IPOs/OFS.

    • IIFL Mutual Funds (mutual fund app)

      IIFL Securities offers simplified & instant trading of mutual fund investments for IIFL customers with easy-to-use mutual fund app. With this free app, one can view mutual fund scheme performance, latest industry news & expert advice from Fund Managers,  invest in zero commission direct mutual fund plans, start SIP, track- orders, ongoing SIPs, annualized returns, and dividends.

    Benefits

    • IIFL Markets App is the best rated (4.3) and highest downloaded app on google store.
    • IIFL Trader Terminal has fast order execution and provides high volume trading with a powerful interface.
    • Platforms are specially designed for high volume traders and day traders.

    Considerations

    • IIFL Markets App is sometimes slow and buggy.
    • Needs to work on the look and feel of the app.

    For detail review of mobile app and download please visit India Infoline (IIFL) Trading Platform Review.

India Infoline (IIFL) Trading Platform Compare

Here we are comparing India Infoline (IIFL) with its 5 close competitors on Trading Platform.

Broker India Infoline (IIFL) Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about India Infoline (IIFL)

Rated 4/5 by 81 users

IIFL has a fast account opening process with superior customer service and cutting edge technology for mobile trading, web trading, and terminal base trading. While IIFL does not have any drawbacks in terms of services as a full-service broker but has to compete with a new breed of brokers in the market i.e. discount Brokers.

If you like what you have read and want to open an trading and demat account with India Infoline (IIFL), leave your contact information with us and we will guide you.

Last updated on 2020-01-11


India Infoline (IIFL) FAQs

  1. 1. How to download IIFL Securities Trader Terminal software?

    • Visit the IIFL Securities website.
    • Click on the downloads tab on the menu bar.
    • .NET VERSION 4.0 is required to download the app.
    • Click on the download button to download IIFL Trader Terminal on your desktop.
    • Trader Terminal Installation Demo, features Demo and Trader Terminal User Manual is also available on the same page.

    Discuss this question

  2. 2. How to get IIFL Securities Account Closure form?

    Discuss this question

Compare 3 Brokers

Compare India Infoline (IIFL)

Find out how India Infoline (IIFL) stacks up against other brokers

India Infoline Limited User Reviews

avatar
22. Anshu Mishra 1/18/2020 4:48:23 PM Reply
Iifl team not have the manners how to treat the customer infact they not have any idea how to guide the customer , please never visited this company they never tell you good things

I always pay the emi last 7 months is ypdate but there is last 2 they I have some issue from the tech team side but they tell it''s issue from your end mam ,there is some guys shouted me and he never Suggest me to solve this problem

Very bad experience I never Suggest to any one here ????????????????
avatar
21. Anshu Mishra 1/18/2020 5:20:38 AM Reply
Everything I did not like

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
20. SS 9/13/2019 5:30:41 PM Reply
.....

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
19. Dj 6/17/2019 7:25:39 PM Reply
IIFL is Thief, Looter, thug.... DO NOT OPEN AN ACCOUNT WITH IIFL.

This broker has lots of hidden charges and keeps on looting you using different methods.
I had an account here and even if I did not had any transaction, my account kept on debiting for various charges, when I tried to clarify it from broker, I never got good response.
IIFL agents dont know how to speak with customer. They will not show any respect to you.
Please don''t open account here or you will be in loss for lifetime.
avatar
18. S SUDHAKARAN 2/21/2019 3:08:42 PM Reply
I was holding a demat account. I opened the same when I was Delhi. Since 2008 I had not made any transaction. Now I would like to close the account. Pl let me what are other possibilities and also the procedure for closure of the account. The phone no registered has been changed.
avatar
17. p.singh 1/25/2019 4:22:19 PM Reply
sir gorakhpur me Iifl home loan ya gold loan ka branch hai. send address.
avatar
16. Gaurav Kathuria 12/4/2018 7:22:04 PM Reply
Dear iifl,
I would like to inform you that never try to break hope of someone whoís applying for home loan
After giving me soft senction letter once my payment time came your company gave me rejection.I donít know why?I would like to tell you one thing I donít have any problems
Your company is gave me home loan or not.But i want to tell you one thing if your sales department wants to complete sales target.they have also rights in the same situation never try to play with family hopes.Because its a dream for every middle calss family but your company is giving me rejection after taking all documents as well as 10 cancel cheque.Your sales department itís litterlly stupid they donít have much knowledge about please give them proper coaching how to apply home loan.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
15. Sanjoy 11/27/2018 11:17:32 PM Reply
Very dissatisfied, couldn''t see that brokerage charges are so high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Very Poor
avatar
14. Avani 11/27/2018 7:02:33 PM Reply
Third class services

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
13. Sandip 7/27/2018 11:05:38 AM Reply
Charges of delivery is too high

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Average
Overall Experience - Very Poor

Enquire India Infoline (IIFL) Trading Account:

Name 

 Phone 
Email   State 
City   






Search topsharebrokers.com:

Translate topsharebrokers.com: