IIFL Review 2019

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

Contact India Infoline (IIFL)

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India Infoline Group as a whole offers diversified business model that includes finance and credit, asset management, wealth management, financial product distribution, capital market advisory and investment banking.

IIFL or India Infoline Limited is the subsidiary of India Infoline Group having interest in the field of equity broking services to the retail as well as institutional segments. These services are supported by a strong in-house research team and an excellent customer support system. As a IIFl customer you will receive IIFL's award-winning research service, as well as added benefits like research, portfolio analysis, funding, advisory, relationship manager, branch support and so on. Through IIFL you can trade in Equity, derivatives, currency, commodity, IPP, mutual fund and the broker offer onsite education for newbies.

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. Similar facility is also available in Commodity and Mutual Fund. More information IIFL Equity SIP can be seen on their site. IIFL has global presence through its subsidiaries with offices in London, New York, Houston, Geneva, Hong Kong, Dubai, Singapore and Mauritius. The Broker is registered member of NSE and BSE. For demat account, IIFL is DP with both NSDL and CDSL. This DP account can be directly linked with your Web account.

Network of close to 2,500 business locations spread over 850+ towns and cities is a plus for you as a trader to approach them directly for your trading needs. IIFL's Customer Care is average which is offered on phone and email for technical queries and greivances.

IIFL started their discount brokerage business in 2014 with the name "IIFL Online Investor", but shortly they have closed that business.Now IIFL is providing only Full Broker services.

Review Summary

IIFL empowers you with cutting-edge technology , world-renowned research reports, finest trading platform: Trader Terminal,online IPO investment, portfolio management services and so on for successful investment and trading comforts.


Benefits

  1. Best Broking House with Global Presence, 2011 & 2012 - D&B.
  2. Three Brokerage Plans to choose from.
  3. One of the Industry's best trading Platform : IIFL Trader Terminal.
  4. Tools like Equity Systematic Investment Plan (Equity SIP) and Trader Multiple.
  5. Good Till Cancel Order facility.
  6. 4000+ Branches accorss India.
  7. Trade in all segments: Equity, Derivative, Currency and Commodity, IPOs ,mutual Fund.

Considerations

  • Fund transfer charges and minimum brokerage charges.
  • Multiple brokerage plan creates 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:

1.Variable Brokerage Plan:

This is the brokerage plan depending upon the volume of trade per month in 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.

Note: The minimum aggregate brokerage is Rs 25 per scrip per day for delivery trades in cash segment.First 20 call n trade per month is free after which Rs 20 per call will be charged.

2.Flat Brokerage Plan

Delivery Brokerage is 0.50% or 5 paise per share whichever is higher. This is a most common brokerage percentage in the Industry same as Religare, Reliance, Sharekhan, HDFC.

Intra-day and Future brokerage of .05% on both side falls in low to medium brokerage range compared to Sharekhan (.10%), Ventura (.05%), Motilal Oswal (.03%) etc.

Option Brokerage of 1% of Premium or Rs 100 per lot whichever is higher is average in the Industry.

IIFL charges minimum Brokerage of 5 paisa per share.

Account Opening Fee: Rs 750

3.Value Added Subscription Plan

This is a prepaid brokerage plan where you requires to pay a Subscription fee at the beginning of a 12 month time period. The subscription fee is non -refundable. This fee will pay off your Brokerage generated during this period.

Plan/Features V1LAC VAS V75K VAS V45K VAS V25K VAS 15K VAS 10K VAS 5000 VAS 2500 VAS
Upfront Subscription Rs100000 Rs75000 Rs45000 Rs25000 Rs15000 Rs 10000 Rs 5000 Rs 2500
Minimum Per share Brokerage 0.01 0.01 0.01 0.03 0.04 0.05 0.05 0.05
Delivery Brokerage 0.07 0.09 0.10 0.15 0.20 0.25 0.30 0.35
Intraday Brokerage (Per Leg) 0.007 0.009 0.01 0.02 0.02 0.03 0.03 0.04
Futures Brokerage (Per Leg) 0.007 0.009 0.01 0.02 0.02 0.03 0.03 0.04
Options Brokerage (Per Lot per leg) Rs 20 Rs 25 Rs 50 Rs 60 Rs 60 Rs 70 Rs 80 Rs 90

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 10 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 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 0.01% 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

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


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IIFL is allowing Aadhar based account opening in 15 mins.

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India Infoline (IIFL) Trading Platform and Tools

Trading Platforms Rated 4.5/5
    IIFL Trader Terminal :

    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 a world class Trading tool with superior charting and analytical capabilities. With Trader Terminal you can trade in cash, derivatives, mutual funds, IPOs, currencies and commodities, all in one screen. You also get fast trade execution, live chat, live research and news, streaming quotes and multiple market watch.

    ttweb.indiainfoline.com

    TT web is the secure web portal of IIFL trader Terminal where you can trade online using their finest web Browser. Single Sign On, Secured Authentication, Integrated platform, Latest business news, heat map, F&O data tools and chart, high speed order execution etc. are to name some of its powerful features.

    IIFL Markets 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 order; apply for IPOs/OFS.

    TT Mobile - IIFL's mobile Trading application is robust and powerful mobile trading app. Key feature of this app is Market watch, Buy / Sell links and easy to view pages displaying the status of your orders and trades placed.

    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 claims to have fast account opening process with superior customer service and cutting edge technology for Mobile Trade, Web Trade 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 new breed of brokers in the market i.e. discount Brokers.They started and closed their flat brokerage services.

IIFL tried hands for discount Broking but pull it back for some reason which proves that even full service Brokers are daring to jump into discount Brokerage which is a good sign for customers as they may get some discounted brokerage from their current 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 2019-07-08


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India Infoline Limited User Reviews

avatar
20. SS Sep 13, 2019 4:30:41 PM IST 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 Jun 17, 2019 6:25:39 PM IST 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 Feb 21, 2019 2:08:42 PM IST 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 Jan 25, 2019 3:22:19 PM IST Reply
sir gorakhpur me Iifl home loan ya gold loan ka branch hai. send address.
avatar
16. Gaurav Kathuria Dec 4, 2018 6:22:04 PM IST 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 Nov 27, 2018 10:17:32 PM IST 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 Nov 27, 2018 6:02:33 PM IST 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 Jul 27, 2018 10:05:38 AM IST 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
avatar
12. Husain Apr 28, 2018 5:17:21 AM IST Reply
Worst service ever they are cheated,fraud) you with hidden charges no one there to support you. when will you call to RM or toll free they are always want 2-3 days to resolve your query but at the end you doesn''t have resolution.I suggest you to never try with this brokers they are fraud i believe they are not approved by government hence cheating with people and no reply from them... They call u and say, u will get notice and have to present the court tomorrow. So disgusting service
avatar
11. ASHOK Mar 28, 2018 1:00:38 PM IST Reply
VERY POOR CUSTOMER SERVICES THEY TAKE MORE THAN ONE MONTH TO OPEN ACCOUNT AS THEY HAVE UNTRAINED EMPLOYESS MAKING YOU LOOSE MONEY

Ratings:

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

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