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Geojit Vs IIFL Securities (Compare Geojit and IIFL Securities)

Geojit BNP Paribas Logo

About 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 Ltd Logo

About 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
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Geojit Vs IIFL Securities Charges & AMC

Geojit trading account opening charges is Rs 0 (Free) while IIFL Securities account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 400 per year and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

  Geojit IIFL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 400 per year Rs 250 (Free for 1st year)

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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 20 per order and intraday is Rs 20 per order.

Account Type Geojit Online Traditional Plan IIFL Securities iServe
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per order
Equity Intraday 0.03% Rs 20 per order
Equity Futures 0.01% Rs 20 per order
Equity Options Rs 50 per lot Rs 20 per order
Currency Futures 0.01% Rs 20 per order
Currency Options Rs 50 per lot Rs 20 per order
Commodity Futures NA Rs 20 per order
Commodity Options NA Rs 20 per order
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Geojit Vs IIFL Securities Brokerage Plan 2

  Geojit IIFL Securities
Account Type GTrade Max iServe
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per order
Equity Intraday Rs 20 per trade or 0.03% which is lower Rs 20 per order
Equity Futures Rs 40 per lot Rs 20 per order
Equity Options Rs 20 per lot Rs 20 per order
Currency Futures Rs 40 per lot Rs 20 per order
Currency Options Rs 20 per lot Rs 20 per order
Commodity Futures NA Rs 20 per order
Commodity Options NA Rs 20 per order
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Geojit Charges Vs IIFL Securities

Minimum Brokerage 1p per share or Rs 20/contract whichever is higher
Other Charges Intraday Auto Square off at Rs 20 per lot 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 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Geojit IIFL Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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
Trading In SME Shares Allowed?
Referral Program
Other Features
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Geojit Vs IIFL Securities Review

Geojit is rated 3.6 of 5 based on 108 customer reviews whereas IIFL Securities is rated 2.6 of 5 based on 128 customer reviews.

  Geojit IIFL Securities
  108 Customer Reviews    Rate Geojit 128 Customer Reviews    Rate IIFL Securities
Fees 3.5 2.8
Brokerage 3.2 2.6
Trading Platform 4.0 3.2
Customer Service 3.7 2.6
Research Capabilities 2.9 3.0
Overall Ratings Rated 3.6 stars Rated 2.6 stars
Broker Rating Geojit is rated 3.6 of 5 based on 108 customer reviews IIFL Securities is rated 2.6 of 5 based on 128 customer reviews

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Contact Broker / Request A Call Back

  Geojit Enquire IIFL Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Pay flat Rs 20 per trade for Delivery, 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
  • Free research and ecommendations.
  • Free account opening.
  • Rs 20 per trade Intraday trading brokerage in GTrade Max plan.
  • 4 times exposure through MTF
  • Access to 472 branches for customer support.
  • Offices in UAE, Oman, Bahrain and Kuwait to help NRI investors.
  • Excellent online trading platforms.
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. IIFL Securities is a publicly-traded company listed at BSE and NSE.
Cons
  • High brokerage charges across all segment in comparision to other full-service brokers like Angel Broking, IIFL and Edelseiss.
  • High minimum brokerage charges of Rs 20 per lot or 1 paisa per share whichever is higher.
  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is charged at flat Rs 20 per trade.
  3. It doesn't offer Direct Mutual Funds.
  4. Call & trade changes are Rs 50 per call.
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, 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.

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