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IIFL Securities Stock Trading, Demat, Brokerage and Reviews 2024


-8.97% 437,829 Clients

IIFL Securities Account Opening Enquiry

Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology.

IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds, etc.

IIFL offers one simple flat rate brokerage plan. This discount brokerage plan offers trading at flat Rs 20 per executed order across all segments including equity delivery.

IIFL Securities also offers NRI Trading and Investment services. They have a local presence in Colombo, Dubai, New York, Mauritius, London, Singapore, and Hong Kong.

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.


IIFL Securities Charges 2024

Account Opening Fees & Annual maintenance charges (AMC)

IIFL offers free online account opening. Customers pay Rs 250 for demat account AMC. The Demat AMC is free for 1st year.

  • IIFL Account Opening Charges: Rs 0 (Free)
  • Demat Account Annual Maintenance Charges (AMC): Rs 250 (Free for first year)

IIFL Securities Brokerage Plan

IIFL offers one simple flat rate brokerage plan. This discount brokerage plan offers trading at flat Rs 20 per executed order across all segments including equity delivery.

IIFL Brokerage Charges List

Segment Brokerage
Equity Delivery Rs 20 per order
Equity Intraday Rs 20 per order
Equity Futures Rs 20 per order
Equity Options Rs 20 per order
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order

Visit IIFL Securities Brokerage Charges Review for more detail.

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Online Account Opening

For online trading with IIFL, the investor has to open an account. Fill in an online account opening form to open a FREE Instant Demat Account and start trading the same day.


IIFL Securities Trading Software (IIFL Securities Trading Platforms)

IIFL offers several trading platforms. Most of them are available for free to all the customers.

  1. IIFL Markets App (Android and iOS)

    IIFL Markets is a mobile app for trading at BSE, NSE and MCX. With lakhs of downloads, it is among the highest-rated trading app in India.

    The app provides you with the facility to trade, analyze and stay updated with the latest information on stock markets in real-time on your Android and Apple mobile phones. The key features of the IIFL Markets Mobile App include free research reports, online IPO, trading tips and alerts and integrated back-office reports.

  2. Trader Terminal (TTWeb Website)

    The trading terminal on the web is a sophisticated trading website designed for trading on any computer or phone with a web browser. The India Infoline TTWeb has every trading feature needed from a casual investor to a frequent trader.

  3. Trader Terminal (TT.Exe Desktop PC)

    IIFL Trader Terminal is installable trading software for PC. It is designed for high-volume traders. TT Terminal is an all-inclusive online trading tool, with superior charting and analytical capabilities. It has the fastest order execution speed. It offers the facility to trade in cash, derivatives, mutual funds, IPOs, currencies and commodities, all in one screen.

  4. TT Iris

    TT Iris is a stock market decision-making software designed for frequent traders. It helps analyze the market in real-time and make decisions based on the most recent data. TT Iris's unique features include customized charting, strategy testing, portfolio optimization, candlestick scanners, and price watch.

    TT Iris is a 3rd party trading software build by Spider Software India. It is available for a yearly fee of Rs 54,000.

  5. IIFL Mutual Funds App (Android and iOS)

    IIFL Mutual Fund app is a smart phone app to invest online in Mutual Funds. This app allows Buy, Sell, SIP and Monitor Mutual Funds. This free app allows you to view mutual fund scheme performance, the latest industry news & expert advice from Fund Managers. The app also offers an online paperless account opening.

 

Visit IIFL Securities Trading Software Review for more detail.

IIFL Securities Account Opening Enquiry

Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Pros and Cons


IIFL Securities Pros (Advantages)

The following are the advantages of IIFL Securities. You must read IIFL Securities advantages and disadvantages before opening an account with IIFL Securities. IIFL Securities pros and cons help you find if it suits your investment needs.

  1. Full-service broker with a network of branches across India.
  2. Flat Rs 20 per trader brokerage for Delivery, Intraday and F&O at BSE, NSE, MCX, and NCDEX.
  3. Free Equity and MF research and recommendation services.
  4. The advanced trading platform'Trader Terminal' is one of the best.
  5. It offers equity, commodity, and currency trading on the same platform.
  6. IIFL offers Equity Systematic Investment Plan (Equity SIP)
  7. Offer advanced order type like Valid till Date (VTD) order.
  8. Relationship Manager(RM) with every account for in-person trading advisory and assistance.
  9. Offer a wide range of financial products as stocks, derivatives, bonds, IPO, MF, Corporate FDs, and Insurance.
  10. IIFL Securities is a publicly-traded company listed at BSE and NSE.

IIFL Securities Cons (Disadvantages)

The following are the cons of IIFL Securities. Check the list of IIFL Securities drawbacks.

  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is not free unlike Zerodha, ProStocks, Angel One and other discount brokers.
  3. IIFL doesn't offer a 3-in-1 account as IIFL doesn't have a banking license.
  4. It doesn't offer Direct Mutual Funds.
  5. Call & trade changes are Rs 50 per call.

Open Instant Account with IIFL Securities

IIFL Securities Margin Exposure

IIFL Securities margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. IIFL Securities F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for IIFL Securities F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure + Delivery margin)1x

IIFL Securities Ratings

Overall Rating Rated 2.6 stars 2.6/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.6 stars 2.6/5
Usability Rated 3.2 stars 3.2/5
Customer Service Rated 2.6 stars 2.6/5
Research Capabilities Rated 3.0 stars 3.0/5

Based on 130 Votes by IIFL Securities Customers

Do you trade with IIFL Securities? Rate IIFL Securities


IIFL Securities Complaint

The number of IIFL Securities customer complaint received by the exchanges. The IIFL Securities consumer complaint report helps understanding the IIFL Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2023-24 437,829 260 0.06%
BSE 2023-24 127,448 38 0.03%
NSE 2022-23 480,984 304 0.06%
BSE 2022-23 130,840 55 0.04%
NSE 2021-22 1,132,766 363 0.03%
BSE 2021-22 99,646 39 0.04%
NSE 2020-21 291,730 228 0.08%
BSE 2020-21 65,221 5 0.01%
NSE 2019-20 218,877 112 0.05%
BSE 2019-20 64,954 13 0.02%

* The number of active customers reported by the broker.

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

Visit IIFL Securities Complaints at BSE, NSE and MCX for detail report.


Frequently Asked Questions

  1. 1. What is IIFL securities?

    IIFL Securities, formerly known as India Infoline, is a full-service stockbroking firm founded by Mr. Nirmal Jain and incorporated in 1995 in India.

    IIFL Securities is a leading advisory firm providing diversified financial services and products to corporate, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals, and retail clients.

    IIFL Securities has been in the broking business for almost 25 years serving over 2.3 lakh active clients providing them trading and investment services in Equity, Currency, Commodities, Futures & Options, Mutual Funds, Bonds, and IPOs etc.

    IIFL Securities has a strong footprint in India with 2500+ centers spread over 500+ cities and also global presence in London, Mauritius, New York, Colombo, Dubai, Singapore and Hong Kong.

     

     

  2. 2. What does IIFL securities do?

    IIFL Securities is one of the largest full-service brokers providing stockbroking and investment advisory and research services to its clients.

    IIFL Securities is a SEBI registered entity and has BSE, NSE, MCX, and NCDEX membership. It provides various investment options to its clients ranging from Equity (including Equity Systematic Investment Plans), F&O, Commodity, Currency to Mutual Funds. IIFL is also a depository participant of CDSL and NSDL thereby providing Demat services to its customers along with trading services.

     

     

  3. 3. How IIFL works?

    IIFL Securities or India Infoline is a full-service stock broker in India. The company offers online and offline trading and investment services to resident Indians as well as non-resident Indians in equity, commodity, currency, futures, and options.

    IIFL also offers Mutual Funds, IPOs, Bonds, Insurance, Loans, and Corporate FDs. IIFL offers its services online or through its branches spread across various cities in India.

    To avail of various services of IIFL, you need to open a trading & Demat account with the company and link it with a savings bank account. IIFL offers 3 different brokerage plans:

    1. Flat Brokerage Plan
    2. Variable Brokerage Plan
    3. Value-added Subscription Plan (Advance Brokerage Plan)

    You can choose one of the plans at the time of account opening or switch between accounts at any time. You will be charged brokerage (as per the chosen plan), fees, and taxes based on your transactions. Refer to Brokerage Charges for more details.

    To invest in mutual funds, you need to open a separate account with the company called 'IIFL Mutual Fund Account'.

    The Demat account will be linked to your trading and IIFL Mutual Fund Account and all the securities bought through the accounts will be held in it.

    Once you have opened the accounts, you can trade through IIFL in multiple ways:

    1. IIFL Markets App(Mobile Trading App)
    2. TT Web(Online Trading Website) or TT Desktop (Installable Trading Terminal)
    3. IIFL Mutual Funds App(Android and iOS)
    4. Call and Trade

     

     

  4. 4. Is IIFL good for trading?

    IIFL is one of the biggest full-service brokers in India serving residents, non-residents, corporates, and other institutional clients. IIFL is a one-stop-shop providing various online and offline investment options like Equity, currency, derivatives, commodity, FD's, Mutual Funds, Bonds, etc. along with the best research-based advisory services.

    IIFL's trading platforms are one of the best in the country based on cutting edge technology. You are assigned a dedicated relationship manager (RM) to help you guide and support at each step.

    IIFL being a full-service broker, the brokerage charges are 60%-90% higher compared to an online discount broker.

     

     

  5. 5. How to close IIFL trading account online?

    The IIFL Securities trading account cannot be closed online. The IIFL trading account closure involves filling and submitting a physical form. The form can be downloaded from the company's website or you can also contact your Relationship Manager (RM) to get a copy of the form.

    Steps to close IIFL trading account:

    1. Select the option in the form for the closure as (1) only trading account, (2) only Demat account, or (3) Both.
    2. Fill in the required details and sign the form
    3. Submit the form to your branch office or at the given address.

    Note:

    • Clear all the outstanding dues before initiating the closure request.
    • Attach unused Delivery Instruction slips if the request also includes the closure of the Demat Account.
    • Sell or transfer existing securities if any to other Demat accounts.

     

     

  6. 6. How to close IIFL securities account?

    IIFL Securities offers an easy account closure facility where a customer can download an account closure form, print it, fill it, sign it and send it to the broker for closing the account. Note that you cannot close your account online, by phone, or by email.

    Steps to close IIFL securities account:

    1. Visit the IIFL Securities website.
    2. Go to the 'Download Forms' option at the footer of the website.
    3. Download the Account Closure Request Form
    4. Fill in information like client ID, DP ID, name, and the reason for closing the account and sign the form.
    5. Courier/submit the form to the nearest branch or the address mentioned in the closure form.

    Please note:

    • Clear all your pending dues as the company may reject the account closure request.
    • Transfer any securities held in the IIFL Demat to another Demat account or sell it.
    • Submit the unused DIS (delivery instruction slip) to the DP.

     

     

  7. 7. Is IIFL Securities good?

    IIFL Securities is a good full-service broker with brokerage rates and technology as competitive as leading discount brokers.

    IIFL Securities is a SEBI registered broker, having membership with NSE, BSE, MCX, and NCDEX. IIFL Securities is a full-service retail and institutional broking firm with a diverse product portfolio that includes stocks, derivatives, bonds, mutual funds, IPOs, portfolio advisory, investment banking, corporate FDs, and insurance.

    IIFL Securities is a part of a well-reputed and leading financial services provider firm IIFL group. IIFL Securities offers flexibility to investors to choose from either of the depositories - NSDL and CDSL.

    The company has been in the industry for 25 years and has served more than 2.4 million customers to date. With its 2,500 customer touchpoints (including branches and business partners across 500 cities, the company has a nationwide presence in India.

     

     

  8. 8. How to invest in IIFL?

    You can invest in IIFL using the IIFL mobile app (IIFL Markets), IIFL website (TT web), or IIFL trading terminal (IIFL Desktop).

    Steps to invest in IIFL

    1. Open an online account with IIFL.
    2. Log in to the IIFL web, Mobile app, or Desktop.
    3. Transfer required funds to your trading account.
    4. Buy/sell desired shares or mutual funds online.

    IIFL is one of the leading full-service Equity brokers offering a wide range of trading and investment products to Individuals, Corporates, Institutional investors, Foreign Portfolio Investors, Mutual funds, Insurance companies, Alternative Investment funds, Trusts, and High net worth individuals.

     

     

  9. 9. How to buy shares through IIFL?

    IIFL allows investors to buy/sell shares online through either of the IIFL trading platforms - IIFL web, IIFL Mobile App, or the IIFL Desktop. You need to have an account with IIFL to buy shares through them.

    Steps for buying shares through IIFL

    1. Open an online account with IIFL.
    2. Log in to your IIFL securities account.
    3. Search the stock you want to purchase.
    4. Click on Buy.
    5. Enter the Order details like Quantity, Price (Limit or Market), Product Type (Intraday/Delivery), Validity (Day/IOC), Regular/AMO, Stop loss details (if stop-loss option applied- optional)
    6. Review and place the order.

     

     

  10. 10. Is IIFL Securities safe?

    IIFL Securities is a safe and genuine broker with all the required certifications to conduct broking business in India.

    IIFL Securities is safe for the following reasons:

    • 25+ years of trusted service with over Rs 1L Cr wealth management portfolio.
    • Strong track record of promoters.
    • SEBI registered broker.
    • Membership with BSE, NSE, MCX, and NCDEX.
    • Part of the IIFL group (one of the reputed financial services providers).
    • An experienced broker with over 25 years of experience.
    • Listed Company that requires transparency in operation.
    • Lower client to complaint ratio.
    • ISO Certified.
    • Secured access to trading.
    • Branch Support.

     

     

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

419 Comments

419. Ajit Kumar Rai   I Like It. |Report Abuse|  Link|February 27, 2024 8:25:29 AMReply
High Brokerage, High Yearly Maintenance charges, Fixed charges, poor service avoid this broker.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
418. Atul Bhilare   I Like It. |Report Abuse|  Link|January 14, 2024 10:13:20 AMReply
1. The stock price is sown wrong.
2. The Script remains in the folio on the second day even after selling.
Multiple issues on top of my mind but could not mention. Its a horrible platform.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
417. Ankur Tyagi   I Like It. |Report Abuse|  Link|December 28, 2023 3:14:21 PMReply
Iifl service is very very poor. They didnt reply on phone or email i have send email many time but all are busy no time for existing customer.

IL10267653

I have call to many time in your 01204757191. But didnt pick every time
We dont have more time to come in your office on daily basis .

We want my NOC and property doc
416. Raman deep   I Like It. |Report Abuse|  Link|November 28, 2023 9:21:41 PMReply
Iifl company is very bad and cheater co. He giving foreclosure letter from October 2023. He forcely dedicated stallmement from my accounts. I am very sad now. Customer service is also very bad
415. Amit kumar sodhani   I Like It. |Report Abuse|  Link|October 18, 2023 11:50:19 AMReply
I sent the letter of confirmation for demetrislizaion of securities and the said to lost regarding this and securities got into escrow account how they will do it and I tried to call many times but all numbers are does not response.
414. sonu   I Like It. |Report Abuse|  Link|September 28, 2023 9:29:37 PMReply
Total fraud on name of trading

they loot whole money on name of brokerage
413. Hemant   I Like It. |Report Abuse|  Link|September 28, 2023 3:12:55 PMReply
Attention everyone ,

Please don't use this platform for trading. You will loose all your money in a single day .They charged Rs. 50 Per lot . It means if you took 5000 bank nifty . then you have to pay approx 40,000 Brokerage on single order .

Humbly request to you Please dont take trade with this platform
412. Anil kumar   I Like It. |Report Abuse|  Link|May 24, 2022 8:53:45 PMReply
During account opening i was promised lifetime free amc, but every year they are charging more and more.
In website amc mentioned 250 but i was debited by 465.
Complete loot.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
411. MANIK PRADHAN   I Like It. |Report Abuse|  Link|September 15, 2023 11:02:20 AMReply
very bad service

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
410. Govinda   I Like It. |Report Abuse|  Link|August 19, 2023 9:01:52 AMReply
IIFL IS Total fraud Bank. Interest rate is high than personal loan. Charging approx 17%. Avoid to take loan.
409. Natesh   I Like It. |Report Abuse|  Link|August 9, 2023 7:45:31 AMReply
A lousy platform with boorish managers. As soon as you put money in your account, you can say goodbye to your money. When I tried to talk to someone from the company to understand how to further use their platform, they started to actively push me around and throw me from one operator to another. Just lucky I don’t put all my eggs on one baskets, made enough profit from my investments on benarmstrong-trades to cover for my loses here. Only good thing on IIFL securities is educational material but In the end, you just watched as the account money disappear.
If you’re looking to be successful you can buy investment plans on benarmstrong trades , far more reliable.
408. Ajay Singh   I Like It. |Report Abuse|  Link|June 14, 2023 12:37:58 PMReply
Fraud app multiple types of hidden charges are there.... fraud app fraud app fraud app fraud app fraud app fraud app fraud app fraud app
408.1. surya prakash   I Like It. |Report Abuse|  Link|July 8, 2023 1:02:47 PM
Yes Exactly. Full of Hidden Charges.
The moment you sell your stock you receive a message that the stock has been sold for this amount (example 100rs), but at the end of the day we receive another message saying your stock has been sold at this amount (example 93rs).
407. Chetan sharma   I Like It. |Report Abuse|  Link|February 6, 2023 2:42:13 PMReply
IIFL khandwa branch Services very bad and employee nature are so ruddely. no sitting , no response, please chenge and striclly door opened employee behaviour. he is so dull and specially mr. Jeevan ji

406. Gaytri Devi   I Like It. |Report Abuse|  Link|February 3, 2023 8:54:52 PMReply
Request for closure of Demat Account TicketID-6677678No Subject TicketID-6708742No Subject (TicketID-6711437).
I would like to express my greatest disappointment with your horrible and unsatisfactory level of services. I expected much more from a prestigious and reputable company of your standard. Unfortunately, i cannot help but submit this letter of complaint hoping for a fast and adequate resolution.
In spite of trying for many times, as per your directions/suggestions for linking new account to IIFL through TT web and whats app number provided by you in your previous emails, it is regretted to inform you, that, i am unable to link my bank existing account with IIFL , to clear expected dues as mentioned by you (Rs 552.37/-). Further, i am attaching the screen shots of issues faced while trying to link the account. This is a really frustrating experience from such an esteemed organization as yours. Now i will not suggest anyone to open an account with IIFL. I am appalled at such behaviour and have a good mind to take my business elsewhere. I hope you will look into this matter and make sure such incidence at not repeated.
Your company has been known to provide good services and such events taint the company's name. So, please address this issue with a positive attitude. It is also not out of place to mention here that, i tried my level best to clear the expected dues as mentioned by you (Rs 552.37/-) is a petty amount, for which you are creating so much of hue and cry .
405. Lal Chand Tripathi   I Like It. |Report Abuse|  Link|January 9, 2023 2:37:20 PMReply
They are Expensive in Terms of Brokerage.
For High Brokerage they say..we have best dedicated team to support and Recommendations will work in Favour of investor but so far they are lacking in both areas.
Frankly speaking Thier recommended shares either in loss or very slow Growth.
In Couple of months my own researching was effective and given good result.


404. Shahid Raza   I Like It. |Report Abuse|  Link|November 18, 2022 3:00:13 PMReply
Brokerage charges are still higher as compare to the other broker.
Need to inhance and improve thier customers service quality.


Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Below Average
Overall Experience - Average
403. Amar   I Like It. |Report Abuse|  Link|November 10, 2022 5:32:44 PMReply
I personally traded with iifl securities, i was a worst experience, slow compared to others apps and brokerage charges are Rs100/- and GST max 15 per lot and.. not for a trade transaction. They are surviving on on brokerage charges only by sucking customers money. They will tell that we are giving good trade calls with their RM or some jayesh, and those calls are not worthy tooo and they will say for calls we are charging more. My second trade started on IIfL and they asked how much i invested and I told IIfl people 50k after they shared my number and looted whole money in couple of hour and they are not open to tell the truth that they shared my number. but this whole scenario happened with in 12am - 1 pm. in this mean time me and iifl RM/executive only knows that i have invested. They called from other numbers and made me a false trade. it was whole plan and well played trick. I was on 1st November 2022
I personally dont recommend iifl to anyone

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
402. JOSEPH   I Like It. |Report Abuse|  Link|November 10, 2022 9:26:03 AMReply
Their customer service is poor and AM are least bothered and there is no prompt reply and not a satisfactory reply. you will need to figure out yourself.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
401. Joseph Dsouza   I Like It. |Report Abuse|  Link|November 10, 2022 9:18:27 AMReply
Their service as a securities trading company is very poor, with account managers not very knowledgeable or easy going. I being an NRE have a lot of problems due to time difference between 2 countries and the RMs are not very responsive. They are not available when you need them or respond after 24 hrs
400. Praveen   I Like It. |Report Abuse|  Link|November 5, 2022 2:49:52 PMReply
Worsted app employs is worsted don't install this app and don't west money and time Shiva Kumar and basva raj and Suma all are worsted

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