IIFL Securities Vs RMoney (Compare IIFL Securities and RMoney)


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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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IIFL Securities Vs RMoney

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 , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  IIFL Securities RMoney
Type of Broker Full Service Broker Discount Broker
Exchnage Membership NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1996
Number of Branches 900
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IIFL Securities Vs RMoney Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while RMoney account opening changes is Rs 199. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).

  IIFL Securities RMoney
Trading Account Opening Charges Rs 0 (Free) Rs 199
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 0 for lifetime (Free)
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IIFL Securities Vs RMoney Brokerage Charges & Plans

IIFL Securities Vs RMoney Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

  IIFL Securities RMoney
Account Type iServe Zero Brokerage Plans
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Equity Futures Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Currency Futures Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per order Rs 18 per executed order or .01% whichever is lower
Commodity Options Rs 20 per order
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: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

IIFL Securities Vs RMoney Brokerage Plan 2

  IIFL Securities RMoney
Account Type iServe Happy Service Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.10% to 0.40%
Equity Intraday Rs 20 per order 0.01% to 0.04%
Equity Futures Rs 20 per order 0.005% to 0.02%
Equity Options Rs 20 per order Rs 20 to Rs 80 per lot
Currency Futures Rs 20 per order 0.005% to 0.02%
Currency Options Rs 20 per order 0.005% to 0.02%
Commodity Futures Rs 20 per order 0.005% to 0.02%
Commodity Options Rs 20 per order
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IIFL Securities Charges Vs RMoney

Minimum Brokerage Rs 0
Other Charges Advisory SMS - Rs 50 per month Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 50 per call Rs 0 (Unlimited Calls)
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IIFL Securities Vs RMoney Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

  IIFL Securities RMoney
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%
Equity Futures Rs 210 per Cr (0.0021%) NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%)
Equity Options Rs 5100 per Cr (0.051%) (on premium) NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%)
Currency Futures Rs 210 per Cr (0.0021%) NSE, BSE - Rs 150 per crore (0.0015%)
Currency Options Rs 5100 per Cr (0.051%) (on premium) NSE, BSE - Rs 7500 (on premium) per crore (0.075%)
Commodity Group A - Rs 280 per Cr (0.0028%) MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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IIFL Securities Vs RMoney 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 RMoney 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 RMoney
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 RMoney Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  IIFL Securities RMoney
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 Yes No
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 RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time Equity 3:15 PM
Other Features
Referral Program
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IIFL Securities Vs RMoney Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  IIFL Securities RMoney
  118 Customer Reviews    Rate IIFL Securities 4 Customer Reviews    Rate RMoney
Fees 2.8 4.8
Brokerage 2.6 4.5
Trading Platform 3.2 4.0
Customer Service 2.7 4.0
Research Capabilities 3.3 3.0
Overall Ratings Rated 2.7 stars Rated 3.8 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire RMoney 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. RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
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IIFL Securities Vs RMoney Investment Options

  IIFL Securities RMoney
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 Corporate FD, Life Instance, General Insurance
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IIFL Securities Vs RMoney Order Type Offered

  IIFL Securities RMoney
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 Yes
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IIFL Securities Vs RMoney Research Report

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

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

  IIFL Securities RMoney
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.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
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.

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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