IIFL Securities Vs Indira Securities (Compare IIFL Securities and Indira Securities)


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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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IIFL Securities Vs Indira Securities

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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  IIFL Securities Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 1996 1987
Number of Branches 900 335
Open an Online Trading Account with IIFL Securities.Open an Online Trading Account with Indira Securities.
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IIFL Securities Vs Indira Securities Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  IIFL Securities Indira Securities
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 450 (Free for 1st year)
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IIFL Securities Vs Indira Securities Brokerage Charges & Plans

IIFL Securities Vs Indira Securities Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  IIFL Securities Indira Securities
Account Type iServe Traditional Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.10%
Equity Intraday Rs 20 per order 0.01%
Equity Futures Rs 20 per order 0.01%
Equity Options Rs 20 per order Rs 25 per lot (both side)
Currency Futures Rs 20 per order 0.01%
Currency Options Rs 20 per order Rs 25 per lot (both side)
Commodity Futures Rs 20 per order 0.01%
Commodity Options Rs 20 per order Rs 25 per lot (both side)
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.
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

IIFL Securities Vs Indira Securities Brokerage Plan 2

  IIFL Securities Indira Securities
Account Type iServe Discount Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order
Equity Intraday Rs 20 per order Rs 20 per executed order
Equity Futures Rs 20 per order Rs 20 per executed order
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order
Commodity Options Rs 20 per order Rs 20 per executed order
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IIFL Securities Charges Vs Indira Securities

Minimum Brokerage Rs 20 per executed order
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call Rs 0 (Free)
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IIFL Securities Vs Indira Securities Transaction Charges

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

  IIFL Securities Indira Securities
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%)
Equity Futures Rs 210 per Cr (0.0021%) NSE Rs 190 per Cr (0.0019%)
Equity Options Rs 5100 per Cr (0.051%) (on premium) NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures Rs 210 per Cr (0.0021%) NSE Rs 120 per Cr (0.0012%)
Currency Options Rs 5100 per Cr (0.051%) (on premium) NSE Rs 500 per Cr (0.005%) (on premium)
Commodity Group A - Rs 280 per Cr (0.0028%) Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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IIFL Securities Vs Indira Securities 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 Indira 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.

  IIFL Securities Indira 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)
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Compare IIFL Securities and Indira Securities Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Indira Securities offers ODIN trading software.

  IIFL Securities Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App ODIN
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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IIFL Securities Vs Indira Securities Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  IIFL Securities Indira Securities
  118 Customer Reviews    Rate IIFL Securities 3 Customer Reviews    Rate Indira Securities
Fees 2.8 2.3
Brokerage 2.6 4.3
Trading Platform 3.2 4.0
Customer Service 2.7 4.0
Research Capabilities 3.3 4.3
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Indira Securities Enquire
Contact Broker 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. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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IIFL Securities Vs Indira Securities Investment Options

  IIFL Securities Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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IIFL Securities Vs Indira Securities Order Type Offered

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

  IIFL Securities Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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IIFL Securities Vs Indira Securities Suitable For Investor Type

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

  IIFL Securities Indira Securities
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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.

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

Open IIFL Securities AccountEnquire Indira Securities

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