IIFL Securities Vs Finvasia (Compare IIFL Securities and Finvasia)

The side-by-side comparison of IIFL Securities and Finvasia. Compare IIFL Securities Vs Finvasia brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best IIFL Securities vs Finvasia?


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It 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 including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd

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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 Flat Brokerage Plan (FBP) Standard
Year of Incorporation 1996 2013
Number of Branches 900 1
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs Finvasia Charges & AMC

IIFL Securities trading account opening charges is ₹750 while Finvasia account opening changes is ₹0 (Free). IIFL Securities Demat Account AMC Charges is ₹400 per year and Finvasia Demat Account AMC Charges is ₹0 per year (Lifetime Zero AMC).

  IIFL Securities Finvasia
Trading Account Opening Charges ₹750 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹400 per year ₹0 per year (Lifetime Zero AMC)
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IIFL Securities Vs Finvasia Brokerage Charges & Plans

IIFL Securities Vs Finvasia Brokerage

IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Finvasia brokerage charges for equity is ₹0 and intraday is ₹0.

  IIFL Securities Finvasia
Account Type Flat Brokerage Plan (FBP) Standard
Fixed Charges NA
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹0
Equity Futures Brokerage 0.05% ₹0
Equity Options Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹0
Currency Futures Trading Brokerage 0.05% ₹0
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹0
Commodity Futures Trading Brokerage 0.05% ₹0
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹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 Variable Brokerage Plan (VBP) Standard
Fixed Charges NA NA
Equity Delivery Brokerage 0.15% to 0.60% ₹0
Equity Intraday Brokerage 0.02% to 0.05% ₹0
Equity Futures Brokerage 0.02% to 0.05% ₹0
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher ₹0
Currency Futures Trading Brokerage 0.02% to 0.05% ₹0
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹0
Commodity Futures Trading Brokerage 0.02% to 0.05% ₹0
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹0
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IIFL Securities Vs Finvasia Brokerage Plan 3

  IIFL Securities Finvasia
Account Type Advance Brokerage Plan (Prepaid) Standard
Fixed Charges ₹5,000 to ₹1,00,000 NA
Equity Delivery Brokerage 0.35% to 0.05% ₹0
Equity Intraday Brokerage 0.04% to 0.01% ₹0
Equity Futures Brokerage 0.04% to 0.01% ₹0
Equity Options Brokerage 1% of premium to flat ₹20 per lot ₹0
Currency Futures Trading Brokerage 0.04% to 0.01% ₹0
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹0
Commodity Futures Trading Brokerage 0.04% to 0.01% ₹0
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹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
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IIFL Securities Vs Finvasia Transaction Charges

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

  IIFL Securities Finvasia
Equity Delivery 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday 0.00325% NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Futures 0.0021% NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options 0.051% on premium ₹5000 per Cr (0.05%) (on premium)
Currency Futures 0.0021% ₹115 per Cr (0.00115%)
Currency Options 0.051% on premium ₹4000 per Cr (0.04%) (on premium)
Commodity 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 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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No No
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 111 customer reviews whereas Finvasia is rated 4.5 of 5 based on 20 customer reviews.

  IIFL Securities Finvasia
  111 Customer Reviews    Rate IIFL Securities 20 Customer Reviews    Rate Finvasia
Fees 2.8 4.6
Trading Brokerage 2.6 4.9
Trading Platform Usability 3.3 3.2
Customer Service 2.7 4.6
Research Capabilities 3.5 2.3
Overall Ratings Rated 2.7 stars Rated 4.5 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 111 customer reviews Finvasia is rated 4.5 of 5 based on 20 customer reviews
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IIFL Securities Vs Finvasia Investment Options

  IIFL Securities Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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IIFL Securities Vs Finvasia Order Type Offered

  IIFL Securities Finvasia
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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IIFL Securities Vs Finvasia Research Report

  IIFL Securities Finvasia
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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IIFL Securities Vs Finvasia Suitable For Investor Type

  IIFL Securities Finvasia
Casual Investor
Active Investor Yes
Trader Yes Yes
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IIFL Securities Vs Finvasia - Pros and Cons

  IIFL Securities Finvasia
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. 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
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. 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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