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
246. Bharathi Raja Sep 12, 2013 7:06:20 AM IST | Reply
I have this account for the past 6 Years. They have looted all my money. I left Rs. 3000 in my trading account as on 2008 and next five years I didn''t checked my account frequently. When I requested and reactivated my account today I was so surprised ally 3000 Rs. were dried out and my ledger balance shows -600 Rs. I am insisted to pay additional 600 Rs. for this.
Also the customer care is so worst. They will act like a Robot no solution will be given.
Their RM is giving trading calls like anything. They not even know the the script name properly. When I checked my ledger account lots of hidden charges are been made and there is no proper reply when I asked for a reason. My Cust ID: BHARATG1
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
Worst trading company.. The Relation Manager or the broker are worst interested about your money or what you think about them.. I would suggest not to open an account with IIFL.
Open the account with any bank if you care about your money..
243. Harendra Nayani Aug 23, 2013 6:46:10 AM IST | Reply
A Broker who uses a unfair trade practice of crediting the funds next working day and recovering the Delayed Payment charges from the client for late payment when the payment is actually paid on time. Complaint lodge on the site and necessary bank statement submitted as proof. But no repose, no acknowledgement of emails and no reply case sumoto closed. All people doing business should analies their debit for delayed payment charges
242. workfromhome Aug 14, 2013 5:47:05 PM IST | Reply
WORST experience from uneducated staff but they are very well trained for how to tell a lie. I am a long term investor. So, I don''t know about intra day queries.But their charges are high & there are some hidden charges.
Customer service is THE WORST. Yes, that is 100% truth. If you are new investor & if you are learning then it''s not advisable to start with IIFL as you will not get any kind of right & detailed information from the staff. They will advise you only those things which can earn commission for them. Very greedy & short term minded staff.
I need some guidance for opening trading account in IIFL with respect to below mentioned query.
Actually,i want to open account in IIFL so that i have contacted IIFL representatives.They are asking me to provide cheque of Rs. 25,000 at the time of account opening.Is anyone faced such situation at the time of account opening in IIFL ? if yes then please provide some more information about this i.e. where is amount will go and what would be benefit of this ?, Is it refundable or not if i never traded using IIFL account ? ...etc
Representative told me that this will not be mention in any document which they provide at the time of account opening. So is it safe to provide check ?
Please guide as soon as possible :)
Thanks in Advance !
239.1. logesh Apr 24, 2013 1:22:28 AM IST |
11605 is enough to open a account in IIFL. in that 10000 is refundable by payout within a day. so no problem.
Iam customer from Bangalore for more than 1 + years trading from home, best software for trading and if I contact the branch for any problem , they solve and friendly with clients.For me IIFL is best brokerage company.
234. priyangshu Dec 8, 2012 8:26:57 AM IST | Reply
India info line i am customer for 7 month.They make false promises and their RM at guwahati ( i don't know about other place ) is very rude.Don''t care for customers.Be aware of false promise specially in brokerage will tell you a brokerage say 2- 1 paisa intraday but when account is opened it will be 5 paisa and your RM reply is its default brokerage like these kind of things also happen.
Next in terms brokerage worst i can say , you never ever can earn with this kind of brokerage in intraday.As whatever you earn 50% of it is brokerage and other charges in case of stranded intraday trade.
Their terminal is good for fund transfer , immediate ex poser on fund transfer but while trading be careful your sl order may not work even executed before your price due to technical fault etc and they will not take any responsibility .Almost 15 communication i made with them regarding such issue with screenshot what happened but they only say we are working on your issue no result its 3 month already. You will be fade up they will ask same quarry in each mail.
Even you may not get trade confirmation on your terminal but order may get executed , there terminal has a lot of bug.
One thing only good with them if you are a investor free amc and u can invest in various segments with their terminal. Not suitable for day traders. Also intrady chart is acceptable in their terminal.
India Infoline is the worst broker I have used so far, I am trading for last one 18 months, IIFL provides stock tips in its terminal the worst I have seen so far, they always end up having stop losses and its terminal gets disconnected or lock jammed, the worst experience I had is while buying the shares I sold, I could not buy until the prices went up and made losses for me options trading brokerage - 200 how anybody can ever make profits in nifty and bank nifty options as a intraday trader so damn high brokerages so fake calls !!!
The only adv is its customer service they are polite and very helpful and their commodity calls with are really good, currency can also be opted.
Brokerage - Very Poor Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Above Average Overall Experience - Below Average
232. Thomas Ashwin DSilva Sep 24, 2012 5:31:45 PM IST | Reply
The online trading site usually hangs up when you want to place an order. You have to login every 5 min when you are trading online else you cant place orders(this is very important for trading). Every account holder has a company representative assigned for taking orders and are always available on phone, but they are not well trained and often make mistakes placing orders. No market information is available with the broker. Brokerage charges are the same as hdfcsec.com which is a lot better in all means. 0 acct. maint fees but you need to deposit 5000 during acct. opening which will be refunded only on account closure.Desktop trading terminal is available but this has to be downloaded everyday to trade on it which is really irrritating.
Brokerage - Below Average Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Very Poor Overall Experience - Average
231. ABDUL KASIM K Aug 15, 2012 10:52:27 AM IST | Reply
IIFL should reduce their account maintenance fee and brokerage to more reasonable rate for those who trade on a daily basis.
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Above Average Customer Service - Above Average Overall Experience - Average
230. ch.SiVA Rachaiah Aug 2, 2012 8:02:28 PM IST | Reply
I am IIFL customer.I feel happy with the service they are providing but it is not sufficient not to get losses in trading. I mean to say they are supposed to do some more free services like sending MARKET MANTRA EQUITY CALLS to mobile phone, expected results of reputed companies to email ID of customer and something like that. Thank you.
5000/ crore is like charging 5 times higher than most brokers. I wonder how could anyone make any money paying such high brokerages
228. M SUMITHA Jun 12, 2012 10:03:40 PM IST | Reply
the IIFL committments are very false they don't care inversters money there is no courtesy to appraise the people what to do i started trading in IIFL 7 months ago i lost nearly 40% of ivested amount no body cares the loss and come for any rescue it is a horrible experience so far with IIFL/RM
227. Mohammad Alam May 24, 2012 8:12:43 PM IST | Reply
Payout of amount of Rs.7852.00 was done two three days earlier vide Token No 2283291 but the amount is still under process.please clear the hardil.
227.1. SUBHASIS CHATTERJEE May 18, 2013 4:59:09 PM IST |
DON''T WORRY, JUST GO TO THE NSE SITE AND PUT A COMPLAIN AGAINTS THEM REGARDING THE ISSUE. THATS IT, FROM THEN THEY WILL DO REST. I HAVE DONE IS ONCE AND GOT RESULT.