Geojit Vs IIFL Securities (Compare Geojit and 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 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, FD... Know more about IIFL Securities Ltd

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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
Exchnage Membership BSE, NSE, MCX-SX NSE, BSE, MCX
Year of Incorporation 1987 1996
Number of Branches 509 900
Open an Online Trading Account with Geojit.Open an Online Trading Account with IIFL Securities.
Enquire GeojitOpen IIFL Securities Account
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Geojit Vs IIFL Securities Charges & AMC

Geojit trading account opening charges is Rs 425 while IIFL Securities account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 700 and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

  Geojit IIFL Securities
Trading Account Opening Charges Rs 425 Rs 0 (Free)
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 700 Rs 250 (Free for 1st 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 Rs 0 (Free) and intraday is Rs 20 per order.

  Geojit IIFL Securities
Account Type Online Trading iServe
Fixed Charges NA
Equity Delivery 0.30% Rs 0 (Free)
Equity Intraday 0.03% Rs 20 per order
Equity Futures 0.03% Rs 20 per order
Equity Options Rs 125 per contract Rs 20 per order
Currency Futures 0.03% Rs 20 per order
Currency Options Rs 125 per contract Rs 20 per order
Commodity Futures NA Rs 20 per order
Commodity Options NA Rs 20 per order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Geojit Charges Vs IIFL Securities

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

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).

  Geojit IIFL Securities
Equity Delivery Rs 325 per Cr (0.00325%) Rs 325 per Cr (0.00325%)
Equity Intraday Rs 325 per Cr (0.00325%) Rs 325 per Cr (0.00325%)
Equity Futures Rs 210 per Cr (0.0021%) Rs 210 per Cr (0.0021%)
Equity Options Rs 5500 per Cr (0.05%) Rs 5100 per Cr (0.051%) (on premium)
Currency Futures Rs 145 per Cr (0.00145%) Rs 210 per Cr (0.0021%)
Currency Options Rs 4730 per Cr (0.0473%) on premium Rs 5100 per Cr (0.051%) (on premium)
Commodity NA Group A - Rs 280 per Cr (0.0028%)
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Geojit Vs IIFL Securities Leverage (Margin)

Geojit margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the IIFL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Geojit IIFL Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Enquire GeojitOpen IIFL Securities Account
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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 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 3.7 of 5 based on 102 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 118 customer reviews.

  Geojit IIFL Securities
  102 Customer Reviews    Rate Geojit 118 Customer Reviews    Rate IIFL Securities
Fees 3.6 2.8
Brokerage 3.3 2.6
Trading Platform 4.0 3.2
Customer Service 3.8 2.7
Research Capabilities 3.2 3.3
Overall Ratings Rated 3.7 stars Rated 2.7 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 customer reviews IIFL Securities is rated 2.7 of 5 based on 118 customer reviews
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Contact Broker / Request A Call Back

  Geojit Enquire IIFL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Geojit Vs IIFL Securities Investment Options

  Geojit IIFL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
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 Yes
Trader Yes
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Geojit Vs IIFL Securities - Pros and Cons

  Geojit IIFL Securities
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
Cons 1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
Reviews
Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for 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.

Enquire GeojitOpen IIFL Securities Account

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