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Geojit Vs IIFL Securities (Compare Geojit and IIFL Securities)

The side-by-side comparison of Geojit and IIFL Securities. Compare Geojit Vs IIFL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Geojit vs IIFL Securities?


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It 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 including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited

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Geojit Vs IIFL Securities

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Geojit IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX-SX NSE, BSE, MCX
Account Type Online Trading Flat Brokerage Plan (FBP)
Year of Incorporation 1987 1996
Number of Branches 509 900
Broker Enquiry Open an Online Trading Account with Geojit. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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Geojit Vs IIFL Securities Charges & AMC

Geojit trading account opening charges is ₹425 while IIFL Securities account opening changes is ₹750. Geojit Demat Account AMC Charges is ₹0 and IIFL Securities Demat Account AMC Charges is ₹400 per year.

  Geojit IIFL Securities
Trading Account Opening Charges ₹425 ₹750
Trading Account AMC Charges NIL ₹0
Demat Account Opening Charges NIL ₹0
Demat Account AMC Charges ₹0 ₹400 per year
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Geojit Vs IIFL Securities Brokerage Charges & Plans

Geojit Vs IIFL Securities Brokerage

Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Geojit IIFL Securities
Account Type Online Trading Flat Brokerage Plan (FBP)
Fixed Charges
Equity Delivery Brokerage 0.30% 0.50%
Equity Intraday Brokerage 0.03% 0.05%
Equity Futures Brokerage 0.03% 0.05%
Equity Options Brokerage ₹125 per contract 1% of Premium or ₹100 per lot, whichever is high
Currency Futures Trading Brokerage 0.03% 0.05%
Currency Options Trading Brokerage ₹125 per contract 1% of Premium or ₹100 per lot, whichever is high
Commodity Futures Trading Brokerage NA 0.05%
Commodity Options Trading Brokerage NA 1% of Premium or ₹100 per lot, whichever is high
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Geojit Vs IIFL Securities Brokerage Plan 2

  Geojit IIFL Securities
Account Type Online Trading Variable Brokerage Plan (VBP)
Fixed Charges NA
Equity Delivery Brokerage 0.30% 0.15% to 0.60%
Equity Intraday Brokerage 0.03% 0.02% to 0.05%
Equity Futures Brokerage 0.03% 0.02% to 0.05%
Equity Options Brokerage ₹125 per contract 1% to 2.5% of premium or ₹100 per lot, whichever is higher
Currency Futures Trading Brokerage 0.03% 0.02% to 0.05%
Currency Options Trading Brokerage ₹125 per contract 1% to 2.5% of premium or ₹100 per lot, whichever i
Commodity Futures Trading Brokerage NA 0.02% to 0.05%
Commodity Options Trading Brokerage NA 1% to 2.5% of premium or ₹100 per lot, whichever i
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Geojit Vs IIFL Securities Brokerage Plan 3

  Geojit IIFL Securities
Account Type Online Trading Advance Brokerage Plan (Prepaid)
Fixed Charges ₹5,000 to ₹1,00,000
Equity Delivery Brokerage 0.30% 0.35% to 0.05%
Equity Intraday Brokerage 0.03% 0.04% to 0.01%
Equity Futures Brokerage 0.03% 0.04% to 0.01%
Equity Options Brokerage ₹125 per contract 1% of premium to flat ₹20 per lot
Currency Futures Trading Brokerage 0.03% 0.04% to 0.01%
Currency Options Trading Brokerage ₹125 per contract 1% of premium to flat ₹20 per lot
Commodity Futures Trading Brokerage NA 0.04% to 0.01%
Commodity Options Trading Brokerage NA 1% of premium to flat ₹20 per lot
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Geojit Charges Vs IIFL Securities

Minimum Brokerage Charges 1p per share or ₹20/contract whichever is higher ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call
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Geojit Vs IIFL Securities Transaction Charges

Geojit transaction charges for options is ₹5500 per Cr (0.05%) while IIFL Securities exchange transaction charges for options is 0.051% on premium.

  Geojit IIFL Securities
Equity Delivery ₹325 per Cr (0.00325%) 0.00325%
Equity Intraday ₹325 per Cr (0.00325%) 0.00325%
Equity Futures ₹210 per Cr (0.0021%) 0.0021%
Equity Options ₹5500 per Cr (0.05%) 0.051% on premium
Currency Futures ₹145 per Cr (0.00145%) 0.0021%
Currency Options ₹4730 per Cr (0.0473%) on premium 0.051% on premium
Commodity NA 0.0028%
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Geojit Vs IIFL Securities Leverage (Margin)

Geojit provides the margin of Upto 10x for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

  Geojit IIFL Securities
Equity Delivery Upto 7x with 22% interest per year Upto 3x (18% Annual Interest)
Equity Intraday Upto 10x Upto 20x
Equity Futures No additional leverage Upto 3x
Equity Options No additional leverage 3x for shorting
Currency Futures No additional leverage Upto 2x
Currency Options No additional leverage 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options
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Compare Geojit and IIFL Securities Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Geojit IIFL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Selfie Platinum, Selfie Gold, Mobile App IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time
Other Features
Referral Program
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Geojit Vs IIFL Securities Review

Geojit is rated 3.8 of 5 based on 98 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 110 customer reviews.

  Geojit IIFL Securities
  98 Customer Reviews    Rate Geojit 110 Customer Reviews    Rate IIFL Securities
Fees 3.7 2.8
Trading Brokerage 3.3 2.6
Trading Platform Usability 4.1 3.3
Customer Service 3.8 2.7
Research Capabilities 3.0 3.7
Overall Ratings Rated 3.8 stars Rated 2.7 stars
Broker Rating Geojit is rated 3.8 of 5 based on 98 customer reviews IIFL Securities is rated 2.7 of 5 based on 110 customer reviews
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Geojit Vs IIFL Securities Investment Options

  Geojit IIFL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance Insurance
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Geojit Vs IIFL Securities Order Type Offered

  Geojit IIFL Securities
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Geojit Vs IIFL Securities Research Report

  Geojit IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Geojit Vs IIFL Securities Suitable For Investor Type

  Geojit IIFL Securities
Casual Investor
Active Investor Yes
Trader Yes
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Geojit Vs IIFL Securities - Advantages and Disadvantages

  Geojit IIFL Securities
Pros

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

Cons 1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher.

More Disadvantages...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

Reviews
Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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