Geojit Vs IIFL (Compare Geojit and IIFL)

The side-by-side comparison of Geojit and IIFL. Compare Geojit Vs IIFL brokerage, charges, exposure margin, demat account. Read IIFL and Geojit review.

Find out Geojit Vs IIFL which is better and Geojit Vs IIFL which is best.

Our Geojit BNP Paribas comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between Geojit and IIFL.


Geojit Vs IIFL

  Geojit IIFL
Find more info about broker
Geojit BNP Paribas Logo IIFL Securities Limited Logo
About the Broker 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 experie... Know more about Geojit BNP Paribas 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 off... Know more about IIFL Securities Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX-SX NSE, BSE, MCX
Account Type Online Trading Standard Account
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. Leave your contact info and we will get in touch with you.
Year of Incorporation 1987 1996
Number of Branches 509 900
Enquire Geojit Enquire IIFL

Geojit Vs IIFL Charges

  Geojit IIFL
Trading Account Opening Fees ₹425 ₹750
Trading Account AMC NIL ₹0
Demat Account Opening Fees NIL ₹555
Demat Account AMC ₹0 ₹ 400 (One time)
Demat Account is Mandatory? No No

Geojit Vs IIFL Brokerage

Brokerage Plan 1

  Geojit IIFL
Account Type Online Trading Standard Account
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% ₹25 per lot
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
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Other Charges

Minimum Brokerage Charges 1p per share or ₹20/contract whichever is higher ₹0.05 per share
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call

Geojit Vs IIFL Taxes

  Geojit IIFL
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.

Geojit Vs IIFL Transaction Charges

  Geojit IIFL
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%

Geojit Vs IIFL Exposure Margin

  Geojit IIFL
Equity Delivery Upto 7x with 22% interest per year Upto 3x with 18% interest per year
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

Geojit and IIFL Feature Comparison

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

Geojit Vs IIFL Review

  Geojit IIFL
  97 Customer Reviews    Rate Geojit 108 Customer Reviews    Rate IIFL
Fees 3.7 2.9
Trading Brokerage 3.3 2.6
Trading Platform Usability 4.1 3.3
Customer Service 3.8 2.7
Research Capabilities 3.0 3.0
Overall Ratings Rated 3.8 stars Rated 2.7 stars
Broker Rating Geojit is Rated 3.8 / 5 based on 97 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews

Contact Broker / Request A Call Back

  Geojit Enquire IIFL Enquire
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Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer


Geojit Vs IIFL Investment Options

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

Geojit Vs IIFL Customer Service

  Geojit IIFL
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes

Geojit Vs IIFL Order Type Offered

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

Geojit Vs IIFL Research Report

  Geojit IIFL
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

Geojit Vs IIFL Suitable For Investor Type

  Geojit IIFL
Casual Investor Yes
Active Investor Yes

Geojit Vs IIFL - Advantages and Disadvantages

  Geojit IIFL

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...

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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