IIFL Securities Vs SBI Securities (Compare IIFL Securities and SBI 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


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd

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IIFL Securities Vs SBI 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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  IIFL Securities SBI Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX BSE, NSE
Year of Incorporation 1996 2001
Number of Branches 900 117
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IIFL Securities Vs SBI Securities Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 850. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and SBI Securities Demat Account AMC Charges is Rs 350.

  IIFL Securities SBI Securities
Trading Account Opening Charges Rs 0 (Free) Rs 850
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 350
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IIFL Securities Vs SBI Securities Brokerage Charges & Plans

IIFL Securities Vs SBI Securities Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  IIFL Securities SBI Securities
Account Type iServe eZ-trade
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 20 per order 0.05%
Equity Options Rs 20 per order Rs 100 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order NA
Commodity Options Rs 20 per order NA
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.

IIFL Securities Charges Vs SBI Securities

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call Rs 10 per call (after 30 free calls a month)
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IIFL Securities Vs SBI Securities Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).

  IIFL Securities SBI Securities
Equity Delivery Rs 325 per Cr (0.00325%) NSE: 0.00386% | BSE: 0.00384%
Equity Intraday Rs 325 per Cr (0.00325%) NSE: 0.00386% | BSE: 0.00384%
Equity Futures Rs 210 per Cr (0.0021%) NSE: 0.002206% (Rs 221/Crore)
Equity Options Rs 5100 per Cr (0.051%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Currency Futures Rs 210 per Cr (0.0021%) 0.002206%
Currency Options Rs 5100 per Cr (0.051%) (on premium) NSE: 0.05515% (Rs 5515/Crore)
Commodity Group A - Rs 280 per Cr (0.0028%)
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IIFL Securities Vs SBI 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 SBI 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 SBI 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 SBI Securities Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

  IIFL Securities SBI Securities
3 in 1 Account No Yes
Charting Yes No
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
Margin Against Shares (Equity F&O) No
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 2:45 PM
Other Features
Referral Program
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IIFL Securities Vs SBI Securities Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 145 customer reviews.

  IIFL Securities SBI Securities
  118 Customer Reviews    Rate IIFL Securities 145 Customer Reviews    Rate SBI Securities
Fees 2.8 3.2
Brokerage 2.6 2.8
Trading Platform 3.2 2.6
Customer Service 2.7 2.8
Research Capabilities 3.3 2.6
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews SBI Securities is rated 2.6 of 5 based on 145 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire SBI 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. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs SBI Securities Investment Options

  IIFL Securities SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
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 SBI Securities Order Type Offered

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

  IIFL Securities SBI 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 SBI Securities Suitable For Investor Type

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

  IIFL Securities SBI 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.
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
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.

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