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
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...
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...
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
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
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 Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% 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
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
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
108 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Geojit is Rated 3.8 / 5 based on 97 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
Geojit Vs IIFL Investment Options
Geojit
IIFL
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Insurance
Geojit Vs IIFL Customer Service
Geojit
IIFL
24/7 Customer Service
Onine Live Chat
Through Branches
Geojit Vs IIFL Order Type Offered
Geojit
IIFL
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Geojit Vs IIFL Research Report
Geojit
IIFL
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Geojit Vs IIFL Suitable For Investor Type
Geojit
IIFL
Casual Investor
Active Investor
Trader
Geojit Vs IIFL - Advantages and Disadvantages
Geojit
IIFL
Pros
More Advantages...
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.
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...
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.
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
Zerodha
Zero Account Opening Fee