IIFL Securities Vs Finvasia (Compare IIFL Securities and Finvasia)

IIFL Securities Vs Finvasia

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

	IIFL Securities	Finvasia
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX	BSE, NSE, MCX
Year of Incorporation	1996	2013
Number of Branches	900	1
	Open IIFL Securities Account	Enquire Finvasia

IIFL Securities Vs Finvasia Charges & AMC

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

	IIFL Securities	Finvasia
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 250 (Free for 1st year)	Rs 0 per year (Lifetime Zero AMC)

IIFL Securities Vs Finvasia Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

	IIFL Securities	Finvasia
Account Type	iServe	Standard
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 0
Equity Intraday	Rs 20 per order	Rs 0
Equity Futures	Rs 20 per order	Rs 0
Equity Options	Rs 20 per order	Rs 0
Currency Futures	Rs 20 per order	Rs 0
Currency Options	Rs 20 per order	Rs 0
Commodity Futures	Rs 20 per order	Rs 0
Commodity Options	Rs 20 per order	Rs 0
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.

IIFL Securities Charges Vs Finvasia

Minimum Brokerage		Rs 0
Other Charges	Advisory SMS - Rs 50 per month	Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges	Rs 50 per call	Rs 0

IIFL Securities Vs Finvasia Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

	IIFL Securities	Finvasia
Equity Delivery	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday	Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures	Rs 210 per Cr (0.0021%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options	Rs 5100 per Cr (0.051%) (on premium)	Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	Rs 210 per Cr (0.0021%)	Rs 115 per Cr (0.00115%)
Currency Options	Rs 5100 per Cr (0.051%) (on premium)	Rs 4000 per Cr (0.04%) (on premium)
Commodity	Group A - Rs 280 per Cr (0.0028%)	Rs 260 per Cr (0.0026%)
	Open IIFL Securities Account	Enquire Finvasia

IIFL Securities Vs Finvasia Leverage (Margin)

IIFL Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Finvasia 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.

	IIFL Securities	Finvasia
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)
	Open IIFL Securities Account	Enquire Finvasia

Compare IIFL Securities and Finvasia Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

	IIFL Securities	Finvasia
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	IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time		3:15 PM
Other Features		Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
	Open IIFL Securities Account	Enquire Finvasia

IIFL Securities Vs Finvasia Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas Finvasia is rated 4.6 of 5 based on 40 customer reviews.

	IIFL Securities	Finvasia
	118 Customer Reviews	40 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews	Finvasia is rated 4.6 of 5 based on 40 customer reviews

IIFL Securities Vs Finvasia Investment Options

	IIFL Securities	Finvasia
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

IIFL Securities Vs Finvasia Order Type Offered

	IIFL Securities	Finvasia
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open IIFL Securities Account	Enquire Finvasia

IIFL Securities Vs Finvasia Research Report

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

IIFL Securities Vs Finvasia Suitable For Investor Type

	IIFL Securities	Finvasia
Casual Investor
Active Investor
Trader

IIFL Securities Vs Finvasia - Pros and Cons

	IIFL Securities	Finvasia
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.	Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform. Doesn't charge any trade clearing charges. A variety of trading platforms are available for the trader to choose from. Provides trading API and support Algo trading tools. Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients. Call & trade is available for free to all the customers. GTC orders are available in MCX.
Cons		Scalpter, the web-based trading platform has only 1 min charting frame. Bracket orders are chargeable. NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees. GTC orders are not available at NSE and BSE. Finvasia is an online stock broker. It doesn't have branch offices. Doesn't offer a 3-in-1 account. Doesn't offer margin funding. Leverage offered is on the lower side in comparison with other discount brokers.
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.
	Open IIFL Securities Account	Enquire Finvasia