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Sharekhan Vs IIFL Securities (Compare Sharekhan and IIFL Securities)

Sharekhan Logo

About Sharekhan
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices). Designed for serious Investors and Trader... Know more about Sharekhan

IIFL Securities Ltd Logo

About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd

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Sharekhan Vs IIFL Securities

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Sharekhan IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX NSE, BSE, MCX
Year of Incorporation 2000 1996
Number of Branches 2800 900
Open IIFL Securities Account

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Sharekhan Vs IIFL Securities Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while IIFL Securities account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

  Sharekhan IIFL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 250 (Free for 1st year)

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Sharekhan Vs IIFL Securities Brokerage

Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.

Account Type Sharekhan Classic Account IIFL Securities iServe
Fixed Charges NA
Equity Delivery 0.30% on market rate or minimum 1 paisa per share Rs 20 per order
Equity Intraday 0.02% on market rate or minimum 1 paisa per share Rs 20 per order
Equity Futures 0.02% per transaction value Rs 20 per order
Equity Options Rs 20 per lot Rs 20 per order
Currency Futures 0.02% per transaction value Rs 20 per order
Currency Options Rs 5 per lot Rs 20 per order
Commodity Futures 0.02% Rs 20 per order
Commodity Options Rs 20 per lot Rs 20 per order
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Sharekhan Vs IIFL Securities Brokerage Plan 2

  Sharekhan IIFL Securities
Account Type Prepaid - Rs 1 Lakh iServe
Fixed Charges Rs 1,00,000 per year NA
Equity Delivery 0.10% Rs 20 per order
Equity Intraday 0.015% Rs 20 per order
Equity Futures 0.015% Rs 20 per order
Equity Options 0.05% or Rs 63 per lot Rs 20 per order
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
Open IIFL Securities Account

Sharekhan Vs IIFL Securities Brokerage Plan 3

  Sharekhan IIFL Securities
Account Type Margin - Rs 1 Lakh iServe
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 20 per order
Equity Intraday 0.05% Rs 20 per order
Equity Futures 0.05% Rs 20 per order
Equity Options 1% or Rs 70 per lot Rs 20 per order
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
Open IIFL Securities Account

Sharekhan Charges Vs IIFL Securities

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 20 Rs 50 per call

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Sharekhan Vs IIFL Securities Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium) while IIFL Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Sharekhan IIFL Securities
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05% Group A - Rs 280 per Cr (0.0028%)
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Sharekhan Vs IIFL Securities Leverage (Margin)

Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Sharekhan IIFL Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open IIFL Securities Account

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Compare Sharekhan and IIFL Securities Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Sharekhan IIFL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No
Trading Platform TradeTiger, Sharekhan Mobile IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time 3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features Pattern finder, Class room training
Open IIFL Securities Account

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Sharekhan Vs IIFL Securities Review

Sharekhan is rated 3.3 of 5 based on 312 customer reviews whereas IIFL Securities is rated 2.6 of 5 based on 130 customer reviews.

  Sharekhan IIFL Securities
  312 Customer Reviews    Rate Sharekhan 130 Customer Reviews    Rate IIFL Securities
Fees 3.0 2.8
Brokerage 2.8 2.6
Trading Platform 3.7 3.2
Customer Service 3.3 2.6
Research Capabilities 3.1 3.0
Overall Ratings Rated 3.3 stars Rated 2.6 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 312 customer reviews IIFL Securities is rated 2.6 of 5 based on 130 customer reviews

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Contact Broker / Request A Call Back

  Sharekhan Enquire IIFL Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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Sharekhan Vs IIFL Securities Investment Options

  Sharekhan IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading Insurance

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Sharekhan Vs IIFL Securities Order Type Offered

  Sharekhan IIFL Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Sharekhan Vs IIFL Securities Research Report

  Sharekhan IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Sharekhan Vs IIFL Securities Suitable For Investor Type

  Sharekhan IIFL Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Sharekhan Vs IIFL Securities - Pros and Cons

  Sharekhan IIFL Securities
Pros
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. IIFL Securities is a publicly-traded company listed at BSE and NSE.
Cons
  1. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is charged at flat Rs 20 per trade.
  3. It doesn't offer Direct Mutual Funds.
  4. Call & trade changes are Rs 50 per call.
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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