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India Infoline (IIFL) Stock Trading, Demat, Brokerage and Reviews


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Open an Online Trading Account with India Infoline (IIFL). Leave your contact info and we will get in touch with you.

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) Stock Broker Review Ratings

78 votes  Rate India Infoline (IIFL)

Area Rating
Overall Rating Rated 2.9 stars 2.9/5
Fees Rated 3.1 stars 3.1/5
Brokerage Rated 2.9 stars 2.9/5
Usability Rated 3.5 stars 3.5/5
Customer Service Rated 2.9 stars 2.9/5

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 world - acclaimed news service and research.
  • and many more.

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.

India Infoline (IIFL) Brokerage Charges 2015

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
EmailCity
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.

India Infoline (IIFL) Complaints received at BSE / NSE:

Number of customer complaints lodged against share broker India Infoline (IIFL):

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2014-15 1,098,224 56
NSE 2014-15 262,015 313
BSE 2013-14 1,075,923 74
NSE 2013-14 235,241 341
BSE 2012-13 1,040,291 128
NSE 2012-13 1,019,778 336
BSE 2011-12 971,423 276
NSE 2011-12 953,498 490

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Broker complaints in India - Year wise complaints received by exchange

Useful links about India Infoline (IIFL)

  • IIFL Website: https://ttweb.indiainfoline.com/trade/

Enquiry Form


India Infoline Limited Reviews

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290. R.M.Soni  Jul 15, 2015 4:39:04 PM IST Reply
your''s Brokege in Commodity & future sigments
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289. kaushik pathak  Jun 20, 2015 11:49:33 PM IST Reply
Best services good terminal,prompt support *****
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288. Amirthaprakash  Jun 18, 2015 4:12:35 AM IST Reply
India infoline Sell)). I''m planning to change to better broker.+ 370 Rs. for tax and other charges. I paid total 2000+370 for 5 lots of buy and sell. Never seen before. Worst Worst.
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287. Vikas  May 6, 2015 7:56:15 AM IST Reply
IIFL is the worst client. It charges too much and without your knowledge. Their trading terminal has a lot of problems as well. I have stopped trading just becaof IIFL.

I would suggest everyone to stay away from IIFL.
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286. Govinda Prabhu R  Apr 25, 2015 12:51:05 AM IST Reply
Very Bad customer service. Giving lot of commitment but no body even top official like vp is responding very poorly and badly. Online platform is very good. Not at all recommended. I felt sharekhan is Good

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Below Average
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285. sunil  Feb 8, 2015 8:54:43 AM IST Reply
I have account with IIFL.
Alot of un necessory charges.
No one is there to contact.
All my nearest IIFL offices are found closed.
To whome I should contact with?
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285.1. EKNARAYAN  Mar 17, 2015 2:21:39 PM IST
COME TO VENTURA SECURITIES LTD.
CALL ME FOR DETAILS +919864137068
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285.2. trinadh  Apr 28, 2015 12:36:07 PM IST
WHICH AREA AND PLS SEND YOUR CONTACT NUMBER
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284. Dr Abid Afzal  Jan 5, 2015 5:27:57 PM IST Reply
It is more than Six months since I joined Ventura & overall quite satisfaction till date with 0.1% delivery brokerage, 0.0% intraday brokerage, AMC 420, Free trading software POINTER & Mobile trading App.
I had other account with India Infoline but faced lot of problems there like:-
1.      Abolition of Rs 555 for Lifetime with No AMC for life & but now I have to pay AMC more than Rs 500 there
2.      First brokerage was 0.4% for delivery & 0.04% for intraday during account opening during 2011 which is now increased to 0.5% delivery & 0.05% for Intraday
3.      Trading software i.e. Trader Terminal was free but now I have to pay Rs 500 per month or to generate a brokerage equivalent to that.
These India Infoline fellows stopped all these service without any reason & imposed their verdict on us. So I have opened account with Ventura & quite satisfied till date & Hope this experience will continue like this as it is just six months with Ventura.


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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283. Abhishek  Dec 29, 2014 11:28:42 AM IST Reply
Same issue faced by me, they are not accepting to close my account.

Not abiding by the words.
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282. Raj  Dec 11, 2014 1:02:19 PM IST Reply
If you are ignorant/careless and with IIFL, u are doomed. just imagine out of my 5000Rs profit in options trading IIFL took 4000, the same would cost 40 Rs in Zerodha. Its alarming, I have pulled all my money and quit IIFL and moved to zerodha. Please make sure you keep a watch and explore other options, there are many much better brokers available in the market today.be very cautious.

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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281. Prasanna Kumar B V  Dec 9, 2014 11:20:34 AM IST Reply
A lifetime maintenace charge of rs555/- were deducted initially. but for my surprise i was informed a debit balance of rs140+!!!. spoken to the customer relation executive, she is helpless. I told her to close my trading account if charges are continued. I have purchased lakhs of worth mutual fund without the help of IIFL. There are people who will be present at your doorstep sooner you call them.
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280. 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.
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279. 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
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278. 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.
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277. 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.
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276. 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.

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275. 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
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275.1. plz answer.  Oct 22, 2014 4:43:51 PM IST
traders terminal software charges rs 500 p.m? PLZ ANSWER.
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275.2. Dr. Abid Afzal  Jan 5, 2015 4:43:07 PM IST
Yes . These charges are Rs 500 or you have to generate a brokerage amount equal to Rs 500.
In addition to that IIFL has abolished our Rs 555 Lifetime plan & increased the brokerage without any notification.
So I opened a parallel account with Ventura during Aug 2014 & enjoying brokerage 0.1% on delivery stocks & 0.01% for intraday. In addition to that I was provided with trading software i.e Pointer & Mobile trading application app. I am having a nice experience atleast till date & shifted my all major holdings to Ventura.
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274. 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
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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
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272. sameer  Sep 20, 2014 3:40:09 PM IST Reply
worst company ever
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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
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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.

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