The side-by-side comparison of IIFL Securities and Zerodha NRI Account. Compare IIFL Securities Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and IIFL Securities NRI Account reviews.
Find out IIFL Securities Vs Zerodha which is better NRI Trading Account. See IIFL Securities Vs Zerodha which is best NRI Demat Account.
Our IIFL Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between IIFL Securities and Zerodha NRI Account.
IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua...
Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account...
Account Type
NRI Account
NRI Account
Special Offer
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.
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
IIFL Securities Vs Zerodha NRI Account Margin
IIFL Securities Margin
Zerodha Margin
Equity Delivery
1x
1x
Equity Futures
1x
1x
Equity Options
1x
1x
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.
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.
Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
IIFL Securities Vs Zerodha Order Type Offered for NRI Account
IIFL Securities
Zerodha
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Securities Vs Zerodha - NRI Account Advantages and Disadvantages
IIFL Securities
Zerodha
Pros
Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
Online account opening process for NRIs.
Convenient Mutual Fund investment through a mobile app or website.
Part of IIFL Group, a financial services conglomerate.
Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
India's largest stock broker in terms of active customers.
Offers access to best-in-industry trading software and tools.
Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.
Cons
Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
Doesn't offer Mutual Funds to NRI customers.
Doesn't provide research reports or analysis.
Conclusion
IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.
Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs.
Promo / Offers
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 +