The side-by-side comparison of IIFL Securities and Karvy. Compare IIFL Securities Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best IIFL Securities vs Karvy?
IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India 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 pr...
Karvy
Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.
Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.
Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.
Karvy Customers,
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 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.
IIFL Securities trading account opening charges is Rs 250 (Currently waived off) while Karvy account opening changes is Rs 650. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and Karvy Demat Account AMC Charges is Rs 420.
IIFL Securities | Karvy | |
---|---|---|
Trading Account Opening Charges | Rs 250 (Currently waived off) | Rs 650 |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 250 (Free for first year) | Rs 420 |
IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.
IIFL Securities | Karvy | |
---|---|---|
Account Type | Investor Plan (Online Plus) | Retail Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.25% | 0.3% |
Equity Intraday Brokerage | 0.025% | 0.03% |
Equity Futures Brokerage | 0.025% | 0.03% |
Equity Options Brokerage | Rs 25 per lot | Rs 30 per lot |
Currency Futures Trading Brokerage | 0.025% or Rs 20 per lot | 0.03% |
Currency Options Trading Brokerage | Rs 8 per lot | Rs 30 per lot |
Commodity Futures Trading Brokerage | 0.025% | 0.03% |
Commodity Options Trading Brokerage | Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 | Rs 30 per lot |
Special Offer | Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
IIFL Securities | Karvy | |
---|---|---|
Account Type | Premium Plan (Dedicated RM) | Premium Subscription Plan of 100000 |
Fixed Charges | NA | Rs 100,000 per year |
Equity Delivery Brokerage | 0.50% | 0.1% |
Equity Intraday Brokerage | 0.05% | 0.01% |
Equity Futures Brokerage | 0.05% | 0.01% |
Equity Options Brokerage | Rs 50 per lot | Rs 10 per lot |
Currency Futures Trading Brokerage | 0.05% or Rs 20 per lot | 0.01% |
Currency Options Trading Brokerage | Rs 10 per lot | Rs 10 per lot |
Commodity Futures Trading Brokerage | 0.05% | 0.01% |
Commodity Options Trading Brokerage | Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 | Rs 10 per lot |
IIFL Securities | Karvy | |
---|---|---|
Account Type | Super Trader Plan (Pro Traders) | Retail Brokerage Plan |
Fixed Charges | Rs 999 | |
Equity Delivery Brokerage | 0.10% | 0.3% |
Equity Intraday Brokerage | 0.01% | 0.03% |
Equity Futures Brokerage | 0.01% | 0.03% |
Equity Options Brokerage | flat Rs 10 per lot | Rs 30 per lot |
Currency Futures Trading Brokerage | 0.015% or Rs 15 per lot | 0.03% |
Currency Options Trading Brokerage | flat Rs 5 per lot | Rs 30 per lot |
Commodity Futures Trading Brokerage | 0.015% | 0.03% |
Commodity Options Trading Brokerage | Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 | Rs 30 per lot |
Minimum Brokerage Charges | Rs 0.05 per share (Rs 25 Min) | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher |
Other Brokerage Charges | Advisory SMS - Rs 50 per month | |
Call & Trade Charges | Rs 50 per call |
IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Karvy exchange transaction charges for options is Rs 5500.
IIFL Securities | Karvy | |
---|---|---|
Equity Delivery | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Intraday | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Futures | Rs 210 per Cr (0.0021%) | Rs 230 |
Equity Options | Rs 5100 per Cr (0.051%) (on premium) | Rs 5500 |
Currency Futures | Rs 210 per Cr (0.0021%) | Rs 325 |
Currency Options | Rs 5100 per Cr (0.051%) (on premium) | |
Commodity | Group A - Rs 280 per Cr (0.0028%) | Rs 300 |
IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.
IIFL Securities | Karvy | |
---|---|---|
Equity Delivery | Upto 3x (18% Annual Interest) | Upto 5x with 24% interest per year |
Equity Intraday | Upto 20x | Upto 20x |
Equity Futures | Upto 3x | Upto 4x |
Equity Options | 3x for shorting | Upto 4x for shorting |
Currency Futures | Upto 2x | Nil |
Currency Options | 2x for shorting | Nil |
Commodity Futures | Upto 3x | Upto 4x |
Commodity Options | Upto 3x |
The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.
IIFL Securities | Karvy | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App | NEST, Karvy Web, Trade Mobile |
Intraday Square-off Time | 3:15 | |
Other Features | Ask the expert, The Finapolis | |
Referral Program |
IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.
IIFL Securities | Karvy | |
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Cons |
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Reviews | ||
Promo / Offers | Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer |
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