Incorporated in 1995, IIFL Securities Ltd is a part of India Infoline Group. The full-service broker is a registered trading member of BSE, NSE, MCX, and NDEX to offers a range of products & services i.e. equity, derivative, commodity, currency, IPO, mutual funds, NCD, Bonds, wealth management, portfolio management service (PMS), loans, insurance, etc. IIFL Securities also has an award-winning in-house research team that offers the best research and advisory services to its clients.
In terms of brokerage charges, unlike the flat discount model that charges a flat fee per order irrespective of the trade value, IIFL has 3 different % based brokerage plans i.e. Investor Plan (Online Pls), Premium Plan (Dedicated RM), and Super Trader Plan for Pro Traders. Customers are free to choose any of the brokerage plans as per their needs. IIFL Investor Plan and Premium Plan are free for users but Super Trader Plan is a premium brokerage plan that charges a monthly subscription fee of Rs. 999.
The brokerage firm provides multiple trading platforms such as IIFL Trading Terminal Web, IIFL Markets Mobile App, and IIFL TT desktop software for online trading. IIFL Markets App is one of the industry’s best mobile trading app that comes with many innovative features like advanced charting, price alerts, personalized watchlist, guest user login, notifications, etc. It further has a dedicated mobile app – IIFL Mutual Fund app for online MF investments.
The full-service broker also serves customers offline through a strong network of 2300+ branches in 850+ cities. Moreover, customer support on all the possible routes i.e. E-mail support, Chatbot, telephonic or call center services, relationship managers, 24*7 IVR voice message, a toll-free number are easily available to IIFL customers. Many value-added offerings such as call & trade, stock market trading tips, advisory, MF research reports, etc. are also available with IIFL Securities.
Scroll down the page further to know more on IIFL Securities Review including IIFL account types, IIFL account opening charges, IIFL brokerage charges, IIFL trading software, etc.
IIFL Securities is one of the best brokers in terms of its trading platform like IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service.
Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & Demat AMC (Rs. 250 PA) waived off for 1st year. Sign up now
Here we are comparing IIFL Securities with its 5 close competitors on investment options.
| Broker | IIFL Securities | 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 | Yes |
| 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 |
»» Trading Account Opening Charges: Rs 250 (Rs 0, Promotion offer)
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 250 PA (Waived for 1st year)
IIFL offers 3 different brokerage plans i.e. Investor Plan (Online Plus), Super Trader Plan (Pro Traders) and Premium Plan (Dedicated RM) to meet the varied requirements of clients. Here are the IIFL brokerage charges under various plans;
This is the % based brokerage plan for online users wherein IIFL charges a fixed brokerage percentage per order. This is cheapest plan from IIFL, where you will not get any RM support. This is like discount brokerage plan from IIFL where you take care of you own trade.
As the name itself, this brokerage plan charges a % based brokerage fee based on the trading volume. Broker assign dedicated RM to you for any help.
The Prepaid brokerage plan or Value-added subscription plan charges a subscription fee (Monthly Fees) from clients to offer them value-added benefits. This is particularly suitable for Pro Traders.
| S. No. | Particulars | IIFL Online Plus | IIFL Premium Plan | IIFL Pro Trader |
|---|---|---|---|---|
| 1. | Equity Delivery Brokerage | 0.25% or 25 paisa | 0.50% or 50 paisa | 0.10% or 10 paisa |
| 2. | Equity Intraday Brokerage | 0.025% or 2.5 paisa | 0.05% or 5 paisa | 0.01% or 1 paisa |
| 3. | Futures Brokerage (Buy and Sell) | 0.025% or 2.5 paisa | 0.05% or 5 paisa | 0.01% or 1 paisa |
| 4. | Options Brokerage (Buy and Sell) per lot | ₹25 | ₹50 | ₹10 |
| 5. | Currency Futures Brokerage (Buy and Sell) per lot | ₹20 | ₹25 | ₹15 |
| 6. | Currency Options Brokerage (Buy and Sell) per lot | ₹8 | ₹10 | ₹5 |
| 7. | Commodity | 0.025% or 2.5 paisa | 0.05% or 5 paisa | 0.015% or 1.5 paisa | 8. | Monthly Subscription | ₹0 | ₹0 | ₹999 |
| S. No. | Particulars | IIFL Online Plus | IIFL Premium Plan | IIFL Pro Trader |
|---|---|---|---|---|
| 1. | Gold | ₹125 | ₹150 | ₹80 |
| 2. | Silver | ₹80 | ₹100 | ₹50 |
| 3. | Cuude oil | ₹80 | ₹100 | ₹50 |
| 4. | Copper | ₹65 | ₹80 | ₹50 |
| 5. | Zinc | ₹65 | ₹80 | ₹50 |
| 6. | Gold Mini | ₹10 | ₹15 | ₹5 |
Pros/Benefits
Cons/Disadvantages
For complete brokerage charges and trading plans detail please visit IIFL Securities Brokerage Charges.
Here we are comparing IIFL Securities with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | IIFL Securities | Sharekhan | 5paisa | Zerodha | SAMCO |
| Service Type | Full Service Broker | Full Service Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | .025 to .25% | 0.1 to 0.5% | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | 0.25% or 25 paisa | 0.5% or 50 paisa | Flat Fee Rs 20 | Free | 0.2% or Rs 20 whichever is lower |
| Equity Intraday | 0.025% or 2.5 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 | 0.025% or 2.5 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 | Rs 25 Per Lot | 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 | Futures: 0.025%, Options: Rs 10 to 125 | 0.1% or 10 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | Rs 20 Per Lot | 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 | Rs 8 Per Lot | 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 IIFL Securities Brokerage Calculator
IIFL Securities facilitates both the residents and NRIs to open a 2-in-1 account including Demat and Trading account to offer online trading services.
Open 100% online paperless IIFL Securities Insta trading account to trade-in multiple investment avenues like equity intraday, equity delivery, futures & options, currency, mutual funds, IPO, etc. The account enables users to place online buy and sell orders across different products.
Being a CDSL and NSDL DP, IIFL allows customers to open an IIFL Demat Account online to keep your securities in dematerialized or electronic form. The broker offers Free IIFL Demat Account at zero account opening charges, however, charges Rs. 400 per annum Demat AMC charges.
Commodity Trading Account facilitates online trading on commodity exchanges – MCX and NCDEX. Commodity traders must open this account to place buy and sell orders in the commodity derivatives segment. The account provides access to trade-in various commodities like metal, petroleum products, energy, agriculture products, etc.
Open a Free IIFL Mutual Fund A/c to invest in IIFL and other AMCs mutual funds. IIFL provides an online investment platform for users to invest in the direct as well as regular MF. Users are allowed to start IIFL MF SIP investment with as low as Rs. 500 per month or can invest lumpsum money in one shot.
Likewise, residents, NRIs can open IIFL Securities 2-in-1 account - Demat and Trading account. IIFL NRI Account facilitates online NRI trading services in equity delivery, equity futures & options, and mutual funds. Notably, NRIs are not allowed to trade-in intraday, commodity, and currency segments but they can invest in IPO and mutual funds online.
Open IIFL Demat and Trading Account
IIFL Markets is one of the best mobile trading app for online trading available in Android and iOS version. The mobile app facilitates trading on multiple exchanges like BSE, NSE, and MCX and offers features such as free guest login, stock screeners, price alerts, live finance and business news, historical price charts, Pre-approved personal loan, IIFL research, and one tap customer support.
IIFL Securities MF App is a mobile app for MF investment that allows zero brokerage or commission-free investment in direct funds. The mobile app is available on the play store and the App Store and comes with features such as start MF SIP, NFO, Instant SIP renewal, 24*7 online withdrawal, portfolio tracking, and monitoring, free health-checkup, portfolio 360 reports, etc.
IIFL TT Web is an online trading website, customers can log in their IIFL account on the IIFL web platform. The browser-based trading platform is accessible on a mobile phone, computers, and laptops.
This is IIFL trading software that can be downloaded on any desktop or laptop. The desktop installable software comes with many features such as powerful charting, online trading, free access to news and research, market updates, etc.
Pros/Benefits
Cons/Disadvantages
For detail review of mobile app and download please visit IIFL Securities Trading Platform Review.
Here we are comparing IIFL Securities with its 5 close competitors on Trading Platform.
| Broker | IIFL Securities | 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 |
IIFL Securities is one of the leading full-service brokers that is offering a complete investment solution to customers including portfolio management services. The excellent trading platform like IIFL Markets App, superior customer services, best research & advisory services, strong branch network, worldwide presence, huge clientele base, etc. are a few of the reasons that made it one of the best brokers. However, on the brokerage front, IIFL Securities has higher brokerage charges than discount brokers like Zerodha and Upstox with a flat brokerage model. If you are looking to open an account with such a broker who offers the best research & advisory services then IIFL may be definitely the right broker.
If you like what you have read and want to open an trading and demat account with IIFL Securities, leave your contact information with us and we will guide you.
Last updated on 2020-10-28
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 the broker offers complete investment solutions to customers. Further, beginners who don’t have trading experience can get Free IIFL research and advisory services. Traders can access IIFL research reports to get an in-depth analysis of stocks and accordingly, can make a good investment decisions.
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 brokerage charges as per the selected plan whether Investor Plan (Onlne plus), Premium Plan (Dedicated RM), and Super-trader plan for pro traders.
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.
