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
Exchnage Membership	BSE, NSE, MCX-SX	NSE, BSE, MCX
Year of Incorporation	1987	1996
Number of Branches	509	900
	Enquire Geojit	Open IIFL Securities Account

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)

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

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%)
	Enquire Geojit	Open IIFL Securities Account

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 Geojit	Open IIFL Securities Account

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
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
	Enquire Geojit	Open IIFL Securities Account

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	118 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Geojit Vs IIFL Securities Investment Options

	Geojit	IIFL Securities
Stock / Equity
Commodity
Currency
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)
	Enquire Geojit	Open IIFL Securities Account

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		Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. 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 Geojit	Open IIFL Securities Account