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
Supported Exchnages	NSE, BSE, MCX	BSE, NSE, MCX
Account Type	Investor Plan (Online Plus)	Standard
Year of Incorporation	1996	2013
Number of Branches	900	1
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IIFL Securities Vs Finvasia Charges & AMC

IIFL Securities trading account opening charges is ₹250 (Currently waived off) while Finvasia account opening changes is ₹0 (Free). IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year) and Finvasia Demat Account AMC Charges is ₹0 per year (Lifetime Zero AMC).

	IIFL Securities	Finvasia
Trading Account Opening Charges	₹250 (Currently waived off)	₹0 (Free)
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹250 (Free for first year)	₹0 per year (Lifetime Zero AMC)

IIFL Securities Vs Finvasia Brokerage

IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% whereas Finvasia brokerage charges for equity is ₹0 and intraday is ₹0.

	IIFL Securities	Finvasia
Account Type	Investor Plan (Online Plus)	Standard
Fixed Charges	NA
Equity Delivery Brokerage	0.25%	₹0
Equity Intraday Brokerage	0.025%	₹0
Equity Futures Brokerage	0.025%	₹0
Equity Options Brokerage	₹25 per lot	₹0
Currency Futures Trading Brokerage	0.025% or ₹20 per lot	₹0
Currency Options Trading Brokerage	₹8 per lot	₹0
Commodity Futures Trading Brokerage	0.025%	₹0
Commodity Options Trading Brokerage	Gold ₹125 | Silver ₹80 | Crude Oil ₹80	₹0
Special Offer	Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

IIFL Securities Vs Finvasia Brokerage Plan 2

	IIFL Securities	Finvasia
Account Type	Premium Plan (Dedicated RM)	Standard
Fixed Charges	NA	NA
Equity Delivery Brokerage	0.50%	₹0
Equity Intraday Brokerage	0.05%	₹0
Equity Futures Brokerage	0.05%	₹0
Equity Options Brokerage	₹50 per lot	₹0
Currency Futures Trading Brokerage	0.05% or ₹20 per lot	₹0
Currency Options Trading Brokerage	₹10 per lot	₹0
Commodity Futures Trading Brokerage	0.05%	₹0
Commodity Options Trading Brokerage	Gold ₹150 | Silver ₹100 | Crude Oil ₹100	₹0
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IIFL Securities Vs Finvasia Brokerage Plan 3

	IIFL Securities	Finvasia
Account Type	Super Trader Plan (Pro Traders)	Standard
Fixed Charges	₹999	NA
Equity Delivery Brokerage	0.10%	₹0
Equity Intraday Brokerage	0.01%	₹0
Equity Futures Brokerage	0.01%	₹0
Equity Options Brokerage	flat ₹10 per lot	₹0
Currency Futures Trading Brokerage	0.015% or ₹15 per lot	₹0
Currency Options Trading Brokerage	flat ₹5 per lot	₹0
Commodity Futures Trading Brokerage	0.015%	₹0
Commodity Options Trading Brokerage	Gold ₹80 | Silver ₹50 | Crude Oil ₹50	₹0
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IIFL Securities Charges Vs Finvasia

Minimum Brokerage Charges	₹0.05 per share (₹25 Min)	₹0
Other Brokerage Charges	Advisory SMS - ₹50 per month	Bracket Orders in NEST: ₹99 per month
Call & Trade Charges	₹50 per call	₹0

IIFL Securities Vs Finvasia Transaction Charges

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

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

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Finvasia margin for intraday cash is up to 10x.

	IIFL Securities	Finvasia
Equity Delivery	Upto 3x (18% Annual Interest)	1x
Equity Intraday	Upto 20x	up to 10x
Equity Futures	Upto 3x	2x
Equity Options	3x for shorting	1x
Currency Futures	Upto 2x	1x
Currency Options	2x for shorting	1x
Commodity Futures	Upto 3x	2x
Commodity Options	Upto 3x	1x
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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 Available
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
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IIFL Securities Vs Finvasia Review

IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Finvasia is rated 4.4 of 5 based on 26 customer reviews.

	IIFL Securities	Finvasia
	112 Customer Reviews	26 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 112 customer reviews	Finvasia is rated 4.4 of 5 based on 26 customer reviews

IIFL Securities Vs Finvasia Investment Options

	IIFL Securities	Finvasia
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
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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	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.	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	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.	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	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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