IIFL Securities Vs Nirmal Bang (Compare IIFL Securities and Nirmal Bang)

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


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... Know more about IIFL Securities Ltd


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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IIFL Securities Vs Nirmal Bang

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 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  IIFL Securities Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Flat Brokerage Plan (FBP) Basic Plan
Year of Incorporation 1996 1986
Number of Branches 900 2000
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IIFL Securities Vs Nirmal Bang Charges & AMC

IIFL Securities trading account opening charges is ₹750 while Nirmal Bang account opening changes is ₹0. IIFL Securities Demat Account AMC Charges is ₹400 per year and Nirmal Bang Demat Account AMC Charges is ₹200.

  IIFL Securities Nirmal Bang
Trading Account Opening Charges ₹750 ₹0
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹400 per year ₹200
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IIFL Securities Vs Nirmal Bang Brokerage Charges & Plans

IIFL Securities Vs Nirmal Bang Brokerage

IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  IIFL Securities Nirmal Bang
Account Type Flat Brokerage Plan (FBP) Basic Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.2%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹35
Currency Futures Trading Brokerage 0.05% 0.02%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

IIFL Securities Vs Nirmal Bang Brokerage Plan 2

  IIFL Securities Nirmal Bang
Account Type Variable Brokerage Plan (VBP) Basic Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.15% to 0.60% 0.2%
Equity Intraday Brokerage 0.02% to 0.05% 0.02%
Equity Futures Brokerage 0.02% to 0.05% 0.02%
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher ₹35
Currency Futures Trading Brokerage 0.02% to 0.05% 0.02%
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹20
Commodity Futures Trading Brokerage 0.02% to 0.05% 0.01%
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i
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IIFL Securities Vs Nirmal Bang Brokerage Plan 3

  IIFL Securities Nirmal Bang
Account Type Advance Brokerage Plan (Prepaid) Basic Plan
Fixed Charges ₹5,000 to ₹1,00,000 NA
Equity Delivery Brokerage 0.35% to 0.05% 0.2%
Equity Intraday Brokerage 0.04% to 0.01% 0.02%
Equity Futures Brokerage 0.04% to 0.01% 0.02%
Equity Options Brokerage 1% of premium to flat ₹20 per lot ₹35
Currency Futures Trading Brokerage 0.04% to 0.01% 0.02%
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹20
Commodity Futures Trading Brokerage 0.04% to 0.01% 0.01%
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot
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IIFL Securities Charges Vs Nirmal Bang

Minimum Brokerage Charges ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call
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IIFL Securities Vs Nirmal Bang Transaction Charges

IIFL Securities transaction charges for options is ₹5100 per Cr (0.051%) (on premium) while Nirmal Bang exchange transaction charges for options is ₹5700.

  IIFL Securities Nirmal Bang
Equity Delivery ₹325 per Cr (0.00325%) ₹390
Equity Intraday ₹325 per Cr (0.00325%) ₹390
Equity Futures ₹210 per Cr (0.0021%) ₹240
Equity Options ₹5100 per Cr (0.051%) (on premium) ₹5700
Currency Futures ₹210 per Cr (0.0021%) ₹240
Currency Options ₹5100 per Cr (0.051%) (on premium) ₹5700
Commodity Group A - ₹280 per Cr (0.0028%) ₹250
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IIFL Securities Vs Nirmal Bang Leverage (Margin)

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

  IIFL Securities Nirmal Bang
Equity Delivery Upto 3x (18% Annual Interest) upto 10x
Equity Intraday Upto 20x Upto 4x
Equity Futures Upto 3x Upto 4x
Equity Options 3x for shorting Upto 2x for shorting
Currency Futures Upto 2x Upto 2x for shorting
Currency Options 2x for shorting Upto 3x
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Compare IIFL Securities and Nirmal Bang Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  IIFL Securities Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program
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IIFL Securities Vs Nirmal Bang Review

IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews.

  IIFL Securities Nirmal Bang
  112 Customer Reviews    Rate IIFL Securities 16 Customer Reviews    Rate Nirmal Bang
Fees 2.9 3.8
Trading Brokerage 2.6 3.4
Trading Platform Usability 3.3 2.6
Customer Service 2.8 2.3
Research Capabilities 3.6 2.5
Overall Ratings Rated 2.7 stars Rated 2.5 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews
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IIFL Securities Vs Nirmal Bang Investment Options

  IIFL Securities Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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 Nirmal Bang Order Type Offered

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

  IIFL Securities Nirmal Bang
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 Nirmal Bang Suitable For Investor Type

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

  IIFL Securities Nirmal Bang
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.
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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.
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
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