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IIFL Securities Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 8-Dec-2022
India Infoline Limited Review
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IIFL Securities Review 2022 - Quick Summary

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.


Rated 4 stars

IIFL Securities Top Highlight for 2022

  • Free Demat Account at Rs. 0 account opening fees.
  • All-in-one trading account to trade in equity, F&O, commodity, and currencies.
  • 20 flat brokerages on intraday and derivatives trading.
  • Free IPO, ETFs, and direct mutual fund investment.
  • Invest in quality US stocks.
  • Next-gen trading platforms and tools; IIFL Markets app and Trader Terminal.
  • Research-backed trading and investment recommendations by experts.
  • Customized portfolio management advisory services.
  • Widespread branch network all over the country and even overseas.

About IIFL Securities

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 2022 to checkout the IIFL brokerage charges, account opening charges, trading platforms, customer care details, and pros & cons of trading with IIFL.

IIFL Securities Promotion Offer

Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & Demat AMC (Rs. 450 PA) waived off for 1st year. Sign up now

Request call back from IIFL Securities

IIFL Securities Brokerage Plan, Fees and Charges

Rated 3 stars Brokerage and Commission Rated 3/5

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.

IIFL Securities Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 250 PA (Free for 1st year)

IIFL Securities Brokerage Plan with closest competitors

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 15
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 15 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 15 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 15 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 15 per order
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
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 50 Per Call + GST
  • RMS Auto Square Off Charges: Rs 50 Per Call + GST
  • Hidden Charges: NA
  • Payment gateway charges: Rs. 10 + GST on UPI and net banking, Rs. 30 + GST on debit card
  • Pledging charges: Rs. 30 + GST

For complete brokerage charges and trading plans detail please visit IIFL Securities Brokerage Charges.

Please refer unique and accurate IIFL Securities Brokerage Calculator


Type of Account offered by IIFL Securities

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 Securities Demat & Trading Account

    IIFL Securities Trading Account allows buying and selling securities in the stock market anytime, anywhere. The free IIFL trading and demat account provide access to reliable trading tips, research, and advisory services by industry experts. IIFL All-in-One Trading Account is a single account to trade or invest in 20+ different asset classes including stocks, derivatives, commodities, currencies, etc. on the industry’s best platforms and provides the best trading experience.

    Is IIFL Demat account free? Yes, IIFL offers free account opening at zero charges, and also charges no AMC on Demat Account for the first year.

IIFL NRI Trading Account

    NRIs can trade in the Indian stock market by opening an NRI trading account. NRI clients can open a demat & trading account with IIFL Securities. Likewise residents, IIFL Securities also facilitates NRI customers to open an online NRI Investment account through video verification. The broker allows foreign national customers to invest in equity delivery, derivatives, mutual funds, IPOs, bonds, etc. NRI clients are not allowed to trade in equity intraday, commodities, and currency trading segments. The broker provides a dedicated relationship manager and access to award-winning research.


How to open IIFL Securities Account online?

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.

Steps to open IIFL Securities Demat & Trading Account Online;

  1. Head to the IIFL Securities website.
  2. Tap on the “Open Demat Account” option.
  3. Enter your mobile number and verify with OTP.
  4. Enter your PAN card details.
  5. Add Bank account details including bank account number, IFSC, etc.
  6. Verify your KYC details digitally.
  7. Submit the soft copies of required KYC documents; PAN Card, Aadhaar card, address proof, and a photograph.
  8. Complete the in-person verification (IPV).
  9. Sign the account opening form digitally using Aadhaar.
  10. You will receive a welcome kit on your registered mail that contains login credentials (Unique Client Code and Password) to access any of the IIFL platforms.
Open Instant and Online account with IIFL Securities in 15 mins.

Alternatives to IIFL Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

IIFL Securities Mobile App and Trading Platforms

Rated 4.5 stars Trading Platforms Rated 4.5/5

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.

IIFL Markets Mobile App

    Trade on your smartphone at BSE, NSE, and MCX with the IIFL Markets app embedded with elegant UI and advanced algorithms. The high-performance driven IIFL Markets Mobile App has a multitude of trading features from customized watchlists with 20-level market depth to MarketWatch, live charting with 230+ technical indicators, 1000+ screeners, Margin Trading Facility (MTF), stock trading tips, free experts research calls, price alerts, news coverage, integrated back-office report, and one-tap customer support.

IIFL Mutual Fund App

    Invest seamlessly in mutual funds anytime, anywhere at zero brokerage fees with IIFL Mutual Fund app. The app allows quick paperless one-time and SIP investment in your favorite mutual fund scheme across 5,000+ equity, debt, hybrid, and tax-saving categories. IIFL Securities also provides mutual fund research recommendations to users to invest in the best-picked scheme. Portfolio rebalancing, in-house mutual fund schemes, zero charges, and financial advisory are the best features of the IIFL MF app.

IIFL Trader Terminal EXE

    Backed by proprietary technology, the Trader Terminal (TT) is designed for high-end professional traders or intraday traders. The TT.EXE next-gen advanced desktop trading software with super-fast order execution and excellent charting features can be downloaded on a desktop, computer, or laptop. The platform allows trading in the cash segment, F&O, IPO, mutual funds, commodities, and currencies on BSE, NSE, and MCX. The multi-exchange installable trading software facilitates one-tap order placement, creating multiple watchlists to track your favorite stock, real-time price analytics, superior charting, research-backed stock trading tips, expert research, live market news, and multiple tools to analyze the current market scenario.

IIFL Trader Terminal Web Trading Platform

    IIFL TT web trading platform is extremely useful for traders and investors who you found it comfortable trading through a browser like Chrome, Firefox, Safari, etc. The sleek design, impressive visuality, and interactive charting features of the IIFL TT website offer you an uninterrupted trading experience. The web platform by IIFL facilitates trading and investing in stocks, derivatives, commodities, currencies, IPO, bonds, and many other asset classes.

TT IRIS

    TT IRIS is an advanced analytical app to analyze scrip listed in the equity and F&O trading segment. The advanced analytical features including customized charting, strategy testing, candlestick scanners, etc. help traders/investors to find the best investment opportunity with real-time market analysis. Active PRO traders and investors can subscribe to the platform at an annual fee of Rs. 54,000 to take smart stock market investment decisions.

For detail review of mobile app and download please visit IIFL Securities Trading Platform Review.


IIFL Securities Trading Pros

  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

IIFL Securities Trading Cons

  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

IIFL Securities Customer Care info

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.


Final thought about IIFL Securities

Rated 4 stars Rated 4/5 by 82 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.

Request call back from IIFL Securities

Last updated on: 2022-12-07

Reference Topics

IIFL AMO

FAQs

IIFL Securities is one of the best full-service brokerage house due to following reasons:

  • Availability of multiple investment products.
  • NRI’s can trade with IIFL Securities.
  • IIFL being a full-service broker provides research and advisory services.
  • Best Mobile trading app – IIFL Markets app.
  • 25+ years of experience in the brokerage industry.
  • Dedicated mutual fund app for online MF investment.
  • Strong customer service across E-mail, telephonic support, Chat, etc.
  • Personalized portfolio management service by IIFL experts.
  • Widespread branch network with 2500+ branches across 850+ cities.

 

Yes, IIFL Securities is definitely a good broker for trading because of following reasons:

  • Registered full-service broker with SEBI, BSE, NSE, MCX, and NCDEX.
  • 25 years of establishment and 2.5 lakh active client base.
  • Best technology trading platforms i.e. IIFL Markets App, IIFL TT Web, and IIFL TT Exe.
  • Free research, advisory, trading tips, and recommendations.
  • Strong offline market presence through 2300+ branches.
  • Global market presence with offices in Colombo, New York, Dubai, Mauritius, Singapore, Hong Kong, London, etc.
  • Superior customer services.

 

Here are the steps to login with IIFL Securities trading platform.

  • Head to the IIFL TT web or IIFL Markets app.
  • Enter client ID, password, and Date of birth and then “click on login”.
  • Now, you have logged into your account successfully.

 

Yes, undoubtedly, IIFL is a good broker for first-time traders or beginners because of the following reasons;

  • Flat Rs. 20 discount brokerage plan.
  • Zero brokerage delivery trading.
  • Free IIFL Research and advisory services.
  • Complete investment solutions or products.
  • Best mobile app trading through IIFL Markets App.

 

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:

  1. Enter client ID, password, and DOB to login with the IIFL markets app.
  2. Go to the “My Reports” button and then click on the “fund transfer” button.
  3. Click on the “Payin” option.
  4. Here, customers have two options to add funds either using the net banking option or the UPI option. Click on the relevant option and enter the amount.
  5. Lastly, press the “Proceed” button to successfully add money into your bank account.

 

Steps to place AMO through IIFL Markets app:

  1. Login with IIFL Markets mobile app.
  2. Select the stock, in which, you want to place AMO.
  3. Enter details like quantity and price.
  4. Click on the “Advanced” button, select AMO, and confirm.
  5. Your AMO will be placed.

 

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.

  1. Go to the broker’s website and download the change bank detail form.
  2. Fill the form, sign it and attach new bank account proof (canceled cheque, passbook, last 3 months bank statement etc.)
  3. Submit the form along with the bank proof to the IIFL head office address.

IIFL Change Bank Details Form

 

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.

 

  1. Login with IIFL account credentials on IIFL TT Web or IIFL Markets app.
  2. Click on the “Options” menu respective to the stock and press the “Sell” button.
  3. Here, you can place different types of sell orders i.e. market order, limit order, etc. Select the right one and enter details like price and quantity.
  4. Confirm the order.
  5. Your sell order will be successfully placed!

 

Compare IIFL Securities

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India Infoline Limited User Reviews

avatar
5. GAUR Oct 26 2022 11:09:00 AM Reply
The portal is user friendly and provides everything you need. The P&L statement is complete in all respects required for Tax purpose. Best Technology. Customer care needs serious improvement.
avatar
4. Mohan Mar 31 2022 02:24:18 AM Reply
RM service is best. Application is quick and efficient

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average