IIFL Securities Review 2021

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

Contact IIFL Securities

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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, IIFL has launched a Z20 flat discount brokerage plan that charges flat Rs. 20 per order brokerage for trading across segments and offers free delivery trading. 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 Review 2021 - Quick Summary

IIFL Securities is one of the best brokers in terms of its Z20 flat discount brokerage plan, IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service.


Benefits

  • Large product portfolio: One-stop-shop to meet your all investment requirement i.e. equity, F&O, commodities, currency, IPO, MF, loans, insurance, PMS, etc.
  • IIFL Z20 flat brokerage plan: Free delivery trading and a maximum of Rs. 20 brokerage in other segments.
  • IIFL NRI Trading: NRIs can open IIFL Demat and Trading account to start online trading with IIFL.
  • Open a FREE IIFL Securities Demat Account at zero account opening fee.
  • Enjoy the benefit of the Zero-AMC IIFL Trading Account.
  • Get customized portfolio management services (PMS).
  • Best Mobile app – IIFL Markets app for trading on BSE, NSE, and MCX.
  • Free IIFL Trading Terminal desktop software and IIFL Trading Terminal web platform.
  • IIFL Mutual Fund Mobile app for online Mutual fund investment.
  • Get the industry’s best research and advisory services.
  • Excellent customer support via E-mail, telephone, voice recording, branches, etc.
  • 2300 + branches in 850+ cities to offer offline services.
  • International presence with offices across Colombo, New York, Dubai, London, Singapore, Mauritius, Hong Kong, etc.

Considerations

  • High call & trade charges of Rs. 50 per order.
  • Unavailability of the IIFL 3-in-1 account.
  • High IIFL Securities Account Opening Charge than other brokers.

Special 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 Investment Options Compare

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

IIFL Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

IIFL Securities Account Opening Charges

      »»  Trading Account Opening Charges: Rs 250 (Rs 0, Promotion offer)
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 450 PA (Waived for 1st year)

IIFL Securities Brokerage

IIFL Securities Z20 flat brokerage plan charges a flat brokerage fee of Rs. 20 per order or 0.05% whichever is lower for trading across segments. The plan is launched to compete with discount brokers like Upstox, Zerodha, and 5paisa

IIFL Securities Z20 Brokerage Plan - Flat Rs. 20 Brokerage Model

Particulars Brokerage charges
Equity Delivery Free or 0 brokerage
Equity Intraday Rs.20 per order or 0.05%, whichever is lower
Equity Future Rs.20 per order or 0.05%, whichever is lower
Equity Options Flat Rs. 20 per executed order
Commodity Future Rs.20 per order or 0.05%, whichever is lower
Commodity Option Rs.20 per order or 0.05%, whichever is lower
Currency Future Rs.20 per order or 0.05%, whichever is lower
Currency Option Rs.20 per order or 0.05%, whichever is lower

IIFL Securities Other Charges

  • Call & Trade: Rs. 50 per order.
  • Intraday position square-off: Rs. 50 per order.
  • DP Charges: 20 per debit instruction.
  • Payment gateway charges: Rs. 9 on each fund transfer.

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

IIFL Securities 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 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 Free 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Rs. 20/- per executed order or 0.05% whichever is 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 Rs. 20/- per executed order or 0.05% whichever is 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 Flat Rs 20 per executed order 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 Rs. 20/- per executed order or 0.05% whichever is 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs. 20/- per executed order or 0.05% whichever is 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. 20/- per executed order or 0.05% whichever is 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


India Infoline Limited Margin Details

IIFL Securities Margin

Segment IIFL Margin
Equity Delivery Upto 5 times
Equity Intraday MIS: Upto 20x|Bracket order: Upto 20x| Cover order: Upto 20x
Index and Stock Futures MIS: Upto 4x|Bracket order/Cover order: 25% of Exchange margin + SL Margin
Index Options MIS: Upto 4x (Sell), Upto 3x (Buy)|Bracket order/Cover order: 25% of Exchange margin + SL Margin
Stock Option MIS: Upto 2x (Sell), No Margin on Buy|Bracket order/Cover order: NA

Open Trading and Demat Account with India Infoline Limited

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.

    IIFL Securities Trading Account

      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. 

    IIFL Securities Demat Account

      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. 450 per annum Demat AMC charges (0 AMC for 1st year).

    IIFL Securities Commodity Trading Account

      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.

    IIFL Securities Mutual Fund Account

      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.

    IIFL Securities NRI Account

      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

  • Visit the IIFL website, sign-up, and fill the account opening form online or Open Account now with IIFL Securities
  • Visit any of the nearest IIFL Securities branch and open Demat and trading account offline.

Contact IIFL Securities

Name 

 Phone 
Email   State 
City    NRI Form ⇒

Alternatives to IIFL Securities

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IIFL Securities Trading Platform and Tools

Trading Platforms Rated 4.5/5

    IIFL Markets App - Mobile app

      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 Mutual Funds App – MF Mobile app

      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 Trader Terminal Web – Web-based platform

      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.

    IIFL Trader Terminal – Desktop trading software

      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

    • Trading on multiple exchanges in BSE, NSE, and MCX.
    • Customized watchlist.
    • Mobile trading app for online trading in multiple exchanges.
    • Live business or finance news coverage.
    • Historical price charting.
    • Price alerts and notifications.
    • Free research and stock market analysis.
    • One tap information on stocks.
    • Dedicated mobile app for mutual funds investment.

    Cons/Disadvantages

    • Investment in Bonds or NCDs is not available on IIFL Markets app.

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

IIFL Securities Trading Platform Compare

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

Final thought about IIFL Securities

Rated 4/5 by 81 users

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. Its Rs. 20 (Z20) brokerage model offers flat brokerage trading services to customers and strongly competing with discount brokers like Zerodha and Upstox. 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 2021-01-28


Reference Topics

IIFL AMO


IIFL Securities FAQs

  1. 1. What is your review on IIFL Securities?

    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.

     

     

  2. 2. Is IIFL Securities safe for trading?

    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.

     

     

  3. 3. How to login with IIFL Securities?

    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.

     

     

  4. 4. Is IIFL good for beginners?

    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.

     

     

  5. 5. Who is the founder of IIFL Securities?

    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).

     

     

  6. 6. How to trade with IIFL?

    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.

     

     

  7. 7. What is DP ID in IIFL?

    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.

     

     

  8. 8. How to add funds to my IIFL account using IIFL Markets app?

    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.

     

     

  9. 9. How to place after market order through IIFL Markets app?

    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.

     

     

  10. 10. How to change bank account in IIFL?

    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

     

     

  11. 11. If I transfer funds to online then when will it gets credited to my 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.

     

     

  12. 12. Is IIFL a discount broker?

    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.

     

     

  13. 13. How to sell shares in IIFL Securities?

    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!

     

     

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