Geojit Vs IIFL Securities (Compare Geojit and IIFL Securities)

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
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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

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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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 111 customer reviews.

	Geojit	IIFL Securities
	98 Customer Reviews	111 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Geojit is rated 3.8 of 5 based on 98 customer reviews	IIFL Securities is rated 2.7 of 5 based on 111 customer reviews

Geojit Vs IIFL Securities Investment Options

	Geojit	IIFL Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance	Insurance

Geojit Vs IIFL Securities Order Type Offered

	Geojit	IIFL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Geojit Vs IIFL Securities Research Report

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

Geojit Vs IIFL Securities Suitable For Investor Type

	Geojit	IIFL Securities
Casual Investor
Active Investor
Trader

Geojit Vs IIFL Securities - Pros and Cons

	Geojit	IIFL Securities
Pros		4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. India Infoline Ltd is a publicly traded company listed at BSE and NSE.
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.	SMS alerts at additional ₹249 per month Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL. India Infoline doesn't provide 3-in-1 account.
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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