India Infoline (IIFL) Customer Reviews, Complaints, Experiences & True Feedback
India Infoline Limited
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
Stock Broker Review Ratings
-118. Subhash Shinde, Oct 7, 2006 3:52:00 AM IST | Reply
hi..I am gujarat based client of indiainfoline.. i have had done trading with indiainfoline and have noticed that not too many peoople are satisfied with 5paisa.com bcoz they give lot of intraday calls and that ends up with more brockerage and less profit to customers. If some dependent upon there calls then they will be loosing money.. and i am agreed with the RAJAT AGRAWAL that indiainfoilne dont give dividend honestly they are quite interested in eating customers money.. these days they have started new schemes and without informing customers they also debit their a/c.
on the otherhand their software is good and fast. but altimately one has to earn money..not to loose. very few [people i heard make money with indiainfoline..
-119. Rajat Agrawal Oct 6, 2006 8:55:00 AM IST | Reply
I am based in Mumbai and am trading thru their online trader Terminal since last 3 yrs. Excellent software, good speed, immediate trade execution/confirmation and importantly their servers are never down. They allow to trade in each and every scrip irrespective of it being in T2T or "Z" category. Their intra day calls are so~so. They dont provide any special research report to customers.
On the negative side : you can view only intraday chart. So you dont have access to moving averages, MACD etc. The biggest problem with 5paisa is getting the dividend money. Since most of times they keep your shares in their pool account due to margin funding, you have really follow up hard with them to get the dividend money. Since last 3 yrs I am complaining them to improve their system to automatically credit the dividend money to respective customers... but seems they are more interested in eating customers dividend money...as most of retail investor wont be claiming or aware of their dividend.
But since overall their service is ok and I personally track the dividend thing I am bit satisifed with them and would rate them 7 out of 10.