India Infoline (IIFL) Stock Trading, Demat, Brokerage and Reviews
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.
IIFL offers trading platform and research-based advice for entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FD's, Loans, Bonds etc.
Equity / Commodity Broking and Research is the key offering of India Infoline. IIFL has a wide network of 4000+ branches spread over 900+ cities across India (as of Dec 2012). IIFL is very popular among retail investors and traders as their branches are spread all over India.
In Oct 2012, IIFL reported the average daily turnover of Rs 4,355 cr in equity and Rs 2,254 Cr in commodities.
IIFL won the 'Best Broker with Global Presence' award at the BSE IPF – D&B Equity Broking Awards 2012. IIFL has presence through its subsidiaries in Colombo, Dubai, New York, Mauritius, London, Singapore and Hong Kong.
India Infoline (IIFL) Rated 3.42 / 5 based on 53 customer reviews
India Infoline (IIFL)'s Trading Platforms
IIFL offers 2 different online trading terminals to its customers:
Investor Terminal (IT)
Investor Terminal is 5Paisa's equity trading terminal for low volume trader. This is web based terminal and could access from anywhere. This product provides limited features in comparison of Trader Terminal, which is another product provided by 5Paisa.
Trader Terminal (TT)
Trader Terminal is design for high volume equity traders or day traders. Trader Terminal provides high volume trading with powerful interface and fast order execution.
Few popular features of trader terminal are:
Fast trade execution with instant trade confirmation.
Live streaming quotes and price watch on any number of stocks.
Intra day charts, updated live, tick-by-tick.
Live margin, position, marked to market profit & loss report.
Set any number of price alerts on any number of scrips.
Flexibility to customize screen layout and setting.
Facility to customize any number of portfolios & watch lists.
Facility to cancel all pending orders at one click.
Facility to square off all transactions at one click.
Top Gainers, Top Losers, Most Active, updated live.
Index information; index chart, index stock information live.
Market depth, i.e. Best 5 bids and offers, updated live for all stocks.
Online access to both accounts and DP to check live updated Order and Trade Book.
Facility to place after market orders.
Online fund transfer facility from leading Banks including ICICI, HDFC, CITI and UTI banks.
Online intra-day technical calls.
Historical charts and technical analysis tools.
India Infoline's world - acclaimed news service and research.
Intra-day Trades: 0.05% on the buy side and 0.05% on the sell side.
Delivery Based Trades: 0.50% or 5 paise per share whichever is higher.
F&O Trades: 0.05%
Options Trades: 1% of Premium or Rs 100 per lot whichever is higher.
Minimum Per Share Brokerage: Rs 0.05
Auction Brokerage: 1.00%
VAS SMS Facility: Rs 249 per month
How to open account with India Infoline Limited?
There are few steps to open an account with 5paisa.
First log on to their site and fill the registration form. Once you fill the form they will give you 2 options. Either you can receive the form by mail or one of their agent visit you personally. Personal visit is not available in all cities.
After registration, you will be required to deposit a certain amount of initial margin deposit with them. The deposit can be of any amount, but it should not be less than Rupees Five Thousand.
When your account is activated, you will receive a welcome kit, which contains details about your account, your username and password, and the user's manual. The kit will also include a CD ROM which will allow you to install trading software.
It will take approximately 15 days to complete the formalities if all the correct documents are sent and the forms are correctly filled.
Documents required are 2 latest passport size photos, proof of identity and address i.e. say electricity/ telephone bill, passport photocopies and PAN number.
Contact India Infoline (IIFL) / Request Call Back
India Infoline (IIFL) Advantages
Extended network of branches across India and abroad. IIFL has 4000+ branches in India in 900+ cities.
IIFL 'Trader Terminal' is one of the best desktop trading terminals in India.
India Infoline is a 'full service broker' offering wide range of popular financial products and advisory to its customers.
IIFL offers 'Trader Multiple' which allows upto 12.5 times multiple on the available margin for certain select scripts.
IIFL offers Equity Systematic Investment Plan (Equity SIP) through which customers can place buy orders for a pre-specified amount or for a pre-specified quantity in scripts of their choice at regular intervals over a period of time. Similar facility is also available in Commodity and Mutual Fund.
India Infoline (IIFL) Disadvantages
No intra-day tick by tick charts in Investor Terminal (IT).
Investing in IPO and Mutual Funds is not as easy as in ICICIDirect.
IPO / Mutual Funds investment through 5Paisa (India Infoline)
5Paisa provides free facility of subscribing to mutual funds, equity IPOs and other investment products using internet banking account of ICICI, HDFC, CITI and UTI banks.
Registered users with 5Paisa can logon to following website to apply in an IPO: http://www.indiainfoline.com/ipo
While applying for IPO shares online through 5Paisa, Investor are taken to there corresponding banks homepage. Investors can use there net banking user id & password & transfer funds directly using any of these banks.
5Paisa members can use the similar steps to invest in Mutual Funds online.
Which bank a/c is required to open demat and trading a/c
257. Appavdoo Raddia Ramakrishnan Jan 23, 2014 5:16:52 PM IST | Reply
Dear Sir/Ma, We are providers of Fresh Cut BG / SBLC, MTN We finance all viable projects WE CAN OFER B-G,MTN,CD,SBLC FROM PRIME BANK Project Funding Amount : USD 10 Million to USD 5 Billion BG / SBLC, MTN Specifically for Lease Contact Me : Mr. Appavdoo Raddia Ramakrishnan Email: Email Skype ID: raddiasblcleasing Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we
will work together for the benefits of all parties involved.
256. Sorin Lassmann Jan 19, 2014 11:39:33 PM IST | Reply
ARE YOU AN INDIVIDUAL BUSINESSMAN OR A BUSINESS ORGANISATION THAT WISHES TO EXPAND IN BUSINESS, WHY NOT SOURCE FOR BG/SBLC FROM SORIN LASSMANN BROKERS WHO HAVE BG/SBLC SPECIFICALLY FOR LEASE AT A LEASING PRICE OF 5+2 OF FACE VALUE ISSUANCE BY HSBC LONDON/HONGKONG OR ANY 25 TOP AA RATED BANK IN EUROPE, MIDDLE EAST OR USA. WE ALSO SECURE FUNDING PROJECT LOANS FOR 3% APR
Finally I will assure you of our total commitment to achieving this transaction as I always look forward to doing more business with you in future
Contact : Mr. Sorin Lassmann Email: Email Skype ID: ls.nicu
255. Marcus Dodd Jan 08, 2014 1:37:30 AM IST | Reply
We are direct provider of fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds,specifically for lease with no upfront payment, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA.Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options.
Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding.
The Leased Instruments includes: BG’s, Insurance Guarantees, MTN, (SBLC) Standby Letters of Credit and Third Party Guarantees such as a standby forward commitment to purchase or a standby loan. If you are a potential Investor or Principle looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with all the details regarding this services.
Marcus Julian Dodd
FINANCE & LAW CONSULTING LIMITED
Company Reg No: 07447215
254. Rajendra v dalwadi Jan 03, 2014 6:32:00 PM IST | Reply
I m Rajendra vallavdas dalwadi, my id-RAJENVAL, PAN NO - AFPAD6519E, Please i no my trading running ya closed, my trading acc run to ms.Shneha Parekh, but one year no masage no, activity no, my balance zero ya some money, so please my acc continuing and tell me letest news, thanks .
India info-line charges very high brokerage charges. service is ok and even the online trade is good but you get profit hardly. they deduct heavy charges on the profit.N number of trading charges are very high. from 3 weeks they are not providing 0 margin only trade can be done with the cash available in the account. i want to close this account is there any other brooking gives good service!!!!
252.1. shaila parab Dec 27, 2013 10:55:34 PM IST |
Dear sir, I am the subbroker of indiainfoline. I also Give training for Equity and option-call/put. After training it is possible to Select right script at right time and earn huge profit. If interested call-9969452472/9869405887.
Trader terminal dies when commodity market goes on rally!
Brokerage - Below Average Account Maintenance Fees - Average Website Usability - Above Average Customer Service - Below Average Overall Experience - Below Average
248. Chandan Roy Sep 13, 2013 11:47:06 PM IST | Reply
Brokerage charge is huge in comperative to other brokerage services. Specially in future trading minimum 5 paisa per share is huge amount both in buy and sale for each share.
Brokerage - Below Average Account Maintenance Fees - Below Average Website Usability - Average Customer Service - Above Average Overall Experience - Average
247. Bharathi Raja Sep 12, 2013 8:06:20 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..
244. Harendra Nayani Aug 23, 2013 7:46:10 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
243. workfromhome Aug 14, 2013 6:47:05 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.