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 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 3.07 / 5 based on 67 customer reviews

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.1 stars Rated 3.2 stars Rated 3.1 stars Rated 3.5 stars Rated 3.0 stars Rate India Infoline (IIFL)

India Infoline (IIFL)'s Trading Platforms

IIFL offers 2 different online trading terminals to its customers:

  1. 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.
  2. 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.
    • and many more.

India Infoline (IIFL) Brokerage Charges 2014

Account Opening Fees & Annual maintenance charges (AMC)

  • Trading Account Opening Charges (One Time): Rs 750
  • Trading Annual maintenance charges (AMC): -
  • Demat Account Opening Charges (One Time): Rs 555
  • Demat Account Annual Maintenance Charges (AMC): Rs. 300

Trading Brokerages

  • 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.

  1. 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.
  2. 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.
  3. 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.
  4. It will take approximately 15 days to complete the formalities if all the correct documents are sent and the forms are correctly filled.
  5. 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

Name:Phone #:
Email:City, State:
Are you a day trader?

India Infoline (IIFL) Advantages

  1. Extended network of branches across India and abroad. IIFL has 4000+ branches in India in 900+ cities.
  2. IIFL 'Trader Terminal' is one of the best desktop trading terminals in India.
  3. India Infoline is a 'full service broker' offering wide range of popular financial products and advisory to its customers.
  4. IIFL offers 'Trader Multiple' which allows upto 12.5 times multiple on the available margin for certain select scripts.
  5. 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

  1. No intra-day tick by tick charts in Investor Terminal (IT).
  2. Investing in IPO and Mutual Funds is not as easy as in ICICIDirect.

IPO / Mutual Funds investment through 5Paisa (India Infoline)

  1. 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.
  2. Registered users with 5Paisa can logon to following website to apply in an IPO:
    http://www.indiainfoline.com/ipo
  3. 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.
  4. 5Paisa members can use the similar steps to invest in Mutual Funds online.

Useful links about India Infoline (IIFL)

  • IIFL Website: https://ttweb.indiainfoline.com/trade/
  • Phone: +(91 22) 3944 0000

Enquiry Form

(Note: Information Last Updated: 12/25/2012 1:31:00 AM)

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India Infoline Limited Reviews

        

281. jeet  Nov 15, 2014 6:59:04 PM IST |  Reply 

Please dont fill your details on the iifl website as they will pressure you with all possible false claims until you open an account with them. I have an account with them since 2011 and I was promised a lifetime free account for Rs.555 but now suddenly they have started charging Rs.40 +tax per month. On complaining they said these are statutory guidelines but when I confirmed from another broker I learnt that no such guidelines have been formed.
Even my brokerge charges were suddenly revised without any intimation and on trading I learnt my brokerage has been increased.

280. RENU BLAGGAN  Nov 13, 2014 12:55:10 PM IST |  Reply 

WE ARE VERY UPWITH YOUR DAILY SMS THAT IS, RENU BLAG YOUR a/c IS IN DR OF Rs220 PLS TRF FUNDS BY 9AM TOMM, TO REGULARIZE THE A/C AND AVOID LIQUIDATION OF POSITION. IF REQD PLS CALL YOUR RM/CUSCARE.WE EVEN DONT KNOW NO OF RM. MY HUMBLE REQUEST TO YOU IS CLOSE MY ACCOUNT FROM IMMIDIATE EFFECT AND DO NOT SEND FURTHER SMS ANY MORE IF YOU HAVE ANY CLARIFICATION PLS CALL ON THE SAME NO. IN WHICH YOUR SENDING THE SMS

279. Rohit  Nov 10, 2014 12:53:12 PM IST |  Reply 

I was told that there will be no annual maintenance but for last 4 months they have been silently deducting more than 200 Rs every month.

I''m planning to close this account.

278. Gaurav Gupta  Nov 8, 2014 11:11:02 AM IST |  Reply 

I have felt a bad experience with IIFL.My account was opening under AMC free Scheme and taken 555 Rs for life time free AMC They said no AMC in the beginning and started to charge Rs.45/month since July 14.
They are highly irresponsible and giving false commitments to the customer.never ever open an account with IIFL .Pathetic and unprofessional.

277. Jijo jagadeesh  Oct 16, 2014 11:47:05 AM IST |  Reply 

Guys,

I too have a horrible experience with IIFL.They said no AMC in the beginning and started to charge Rs.45/month since July 14.
They are highly irresponsible and giving false commitments to the customer.never ever open an account with IIFL guys.Pathetic and unprofessional.

276. Dr. Abid Afzal  Oct 7, 2014 5:53:55 PM IST |  Reply 

Trader terminal is best but u have to pay Rs 500 per month
TTweb is very slow , u can log in & log out smoothly but others like placing order, changing order is difficult as the site is so slow
Customer care is useless
I have opened a parallel account with some other securities & shifted major holdings there but has not closed this account on assumption that some improvements be done in near future

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

276.1. plz answer.  Oct 22, 2014 4:43:51 PM IST | 

traders terminal software charges rs 500 p.m? PLZ ANSWER.

275. manohar  Oct 5, 2014 12:10:10 PM IST |  Reply 

very smooth transactions, never had a problem. costumer service is very good and reactive. feeling happy for being client in iifl.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

274. marketmasterstreet  Sep 25, 2014 8:49:39 PM IST |  Reply 

Thanks for your info, We provide share tips as well as commodity tips that make you remain abreast of the stock and commodity market without any sort of problem at all. With other important features like NSE tips, BSE tips, MCX tips, NCDEX tips, it helps in making the perfect decision at the best time.
www.marketmasterstreet.com

273. Kishore P Jaisingh  Sep 21, 2014 3:12:44 PM IST |  Reply 

I have opened an account with you by payment of Rs. 5555 vide cheque no 097108 date december 4, 2007 of SBI at Chandarpur for which an receipt no 675414 was issued. Since then I have not received any kit of any correspondence to guide me as to how to operate the account. Currently I am based at nagpur and I would like to know the status of my account and how to operate. Please send me the required details to enable me to do so.

Regards,

Kishore P. Jaisingh
Sept 21, 2014

272. sameer  Sep 20, 2014 3:40:09 PM IST |  Reply 

worst company ever

271. Vinay  Sep 11, 2014 6:24:22 PM IST |  Reply 

The worst financial company IIFL. Cheated lots of clients including me. took 555 as lifetime AMC. soon after changed to 40 + Tax and started deducting . 555 They digested.
no authorised person to contact. any problem just one way to mail and wait for 7 to 10 days to get replied. all contacts on their websites are worng numbers .. only one is live which says, WE R JUST TO TAKE COMPLAINTS AND FORWARD IT TO NEXT LEVEL YOU MUST HAVE TO WAIT FOR ATLEAST 7 TO 10 DAYS , AND THEN YOU MIGHT GET AN EMAIL... WORST...EVER EXPERIENCE.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

271.1. MATHANGI  Oct 9, 2014 8:40:09 PM IST | 

yes, exactly, I am also having bad experience with iifl, they have digested the amc scheme rs.600/= and now they are charging too too much stating that is DP out charges. no brokerage is charging like this.

270. amit gupta  Sep 11, 2014 12:56:53 PM IST |  Reply 

I have my account with IIFL for last 5-6 years. I opened my account with Rs 555/- life time AMC. If IIFL unable to honour their commitment and started charging AMC then we should apprach authority as they are fooling customers and do whatsoever they want. We should get it examined by some authority like NSDL / CCI so that action can be taken.

269. Arunachalanadar ganesan  Sep 6, 2014 2:01:50 PM IST |  Reply 

Same thing happened for me, I am trading with IIFL from 2005

Now they started charging Rs 45 AMC every month and also the minimum brokerage per scrip per day is Rs25/-

Now I am thinking where to open trading account and close IIFL

268. Shavi  Aug 24, 2014 11:15:08 AM IST |  Reply 

Unethical broker. I''ve been trading regularly with IIFL from last 8 years & i''ve opened this account in 2006 by paying 555 & I''ve been assured of lifetime AMC free demat account, however starting July 2014 IIFL started charging monthly AMC towards my demat account. When inquired about this to both RM & customer support the response is company policy has changed. I am following up with both customer support & RM on almost daily basis to resolve this issue & finally my RM has agreed to refund my 555 but I am yet to revive it. Even recently they started charging some INR 30+ for physical delivery of contract notes. Moreover their customer support is pathetic & it takes more than 3-4 days to respond to your queries & on the top of that my RM never responds to any emails sent to him.

I am going to close my account with them once I receive my INR 555.

I''ll suggest to my fellow friends to stay away from IIFL.

267. I BOSE  Aug 18, 2014 5:20:16 PM IST |  Reply 

Very poor response Suddenly that enhanced the charges without intimating the customer. They do not bother about competition, I have doubt that may be that want to close their Broking business.Becathey are already closed many of their Branch Office.

I.Bose.
Kolkata.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor

266. Aamir  Jul 8, 2014 2:02:11 AM IST |  Reply 

I have opened my demat and trading account in June''''2009. and opted one time AMC charges of Rs. 555/-. List of Problem
1:- As i don''t trade more so IIFL stopped me using terminal but that was not a big issue for me i was comfortable on ttweb....

2:- Few week back i got a mail saying from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. when i checked my ledger from beginning i was shocked they were deducting AMC per year 250+ i talked with RM he said you should raise this issue in beginning we cant help you now . then again i said let it be as my portfolio increasing i forget the charges which was deducted. one more thing they said from July but they have already started charging me from April WOOW a great Company . still i was not bothering .


3 :- I was paying brokerage rate of .05% for Intraday and 0.25% for delivery , one month back they mailed about 25 rs Minimum on delivery
i started thinking about shifting the account but was not serious bcoz some where my mind was saying IIFL is a such Good Company there is not too problem to pay 25 rs Minimum

4:- Today i got mail about revised 0.5% Brokerage that is just double of what i was paying 0.25%

it''s look that IIFL got lot of customer and want to remove some customer so why i should not help a such big company
Going To Off the Account Good Bye

265. Naveen Sachdev  Jun 26, 2014 3:05:13 PM IST |  Reply 

I also had an account. Brokerages were suddnly doubled and evry month maintenance charges are being asked. I am send documents for closing the account.

264. NC  Jun 20, 2014 11:56:15 AM IST |  Reply 

I was promised free AMC for lifetime and brokerage of 10p/1p. After 1 year, they mail saying that the AMC will be Rs. 40 per month and minimum brokerage will be Rs. 25.

They have even started charging for calling their customer care.

I have submitted a request to close my account and decided never to trust IIFL again

263. SUNIL KUMAR BOTHRA  Jun 4, 2014 11:53:32 AM IST |  Reply 

I have opened my demat and trading account in August''2010. One time charges of Rs. 555/- has been deducted for lifetime free AMC demat account. However now from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. Is lifetime means 3 - 4 years for them??
Further, I has brokerage rate of .01% for Intraday and 0.1% for delivery which will be charges flat 0.5% June, 18 onward with Rs.25/- minimum brokerage per script per day.

I have mailed to Customer Care many times regarding this, however I have not received any reply from their side on this. Pathetic Customer Care services.
I do trading online only through terminal (now TTweb). My account RM call without checking the portfolio and said you have not traded since so many weeks while I have traded 3 to 4 days in a week.

Now looking forward to shift from India Infoline.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

263.1. Abid Afzal  Jun 17, 2014 7:09:24 PM IST | 

You & all the fellows who opened A/C by paying Rs 555 for lifetime free AMC are in same boat with me. Plus in my case IIFL shifted me to ttweb from their terminal indicating that I was not regular trader & if I want that terminal now I have to pay Rs 500 per month. This site is very slow as during trading hours so I have to their mobile version i.e ttm.indiainfoline.com

So I am shifted to SBICAP Sec for the time ( atleast SBI cover) till there some development from IIFL side as I have not closed A/C with IIFL by keeping the holding less than 20000.

262. SUNIL KUMAR BOTHRA  Jun 4, 2014 11:44:25 AM IST |  Reply 

I have opened my demat and trading account in August''2010. One time charges of Rs. 555/- has been deducted for lifetime free AMC demat account. However now from 1st July, 2014 Monthly AMC of Rs. 40+ Service Tax will be charges. Is lifetime means 3 - 4 years for them??
Further, I has brokerage rate of .01% for Intraday and 0.1% for delivery which will be charges flat 0.5% June, 18 onward with Rs.25/- minimum brokerage per script per day.

I have mailed to Customer Care many times regarding this, however I have not received any reply from their side on this. Pathetic Customer Care services.
I do trading online only through terminal (now TTweb). My account RM call without checking the portfolio and said you have not traded since so many weeks while I have traded 3 to 4 days in a week.

Now looking forward to shift from India Infoline.
Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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