IIFL Securities Vs SBI Securities (Compare IIFL Securities and SBI Securities)

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


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


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
Supported Exchnages NSE, BSE, MCX BSE, NSE
Account Type Investor Plan (Online Plus) eZ-trade
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 ₹250 (Currently waived off) while SBI Securities account opening changes is ₹850. IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year) and SBI Securities Demat Account AMC Charges is ₹350.

  IIFL Securities SBI Securities
Trading Account Opening Charges ₹250 (Currently waived off) ₹850
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹250 (Free for first year) ₹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 0.25% and intraday is 0.025% whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  IIFL Securities SBI Securities
Account Type Investor Plan (Online Plus) eZ-trade
Fixed Charges NA
Equity Delivery Brokerage 0.25% 0.50%
Equity Intraday Brokerage 0.025% 0.05%
Equity Futures Brokerage 0.025% 0.05%
Equity Options Brokerage ₹25 per lot ₹100 per lot
Currency Futures Trading Brokerage 0.025% or ₹20 per lot 0.03%
Currency Options Trading Brokerage ₹8 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.025% NA
Commodity Options Trading Brokerage Gold ₹125 | Silver ₹80 | Crude Oil ₹80 NA
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IIFL Securities Vs SBI Securities Brokerage Plan 2

  IIFL Securities SBI Securities
Account Type Premium Plan (Dedicated RM) eZ-trade
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.50%
Equity Intraday Brokerage 0.05% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage ₹50 per lot ₹100 per lot
Currency Futures Trading Brokerage 0.05% or ₹20 per lot 0.03%
Currency Options Trading Brokerage ₹10 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.05% NA
Commodity Options Trading Brokerage Gold ₹150 | Silver ₹100 | Crude Oil ₹100 NA
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IIFL Securities Vs SBI Securities Brokerage Plan 3

  IIFL Securities SBI Securities
Account Type Super Trader Plan (Pro Traders) eZ-trade
Fixed Charges ₹999
Equity Delivery Brokerage 0.10% 0.50%
Equity Intraday Brokerage 0.01% 0.05%
Equity Futures Brokerage 0.01% 0.05%
Equity Options Brokerage flat ₹10 per lot ₹100 per lot
Currency Futures Trading Brokerage 0.015% or ₹15 per lot 0.03%
Currency Options Trading Brokerage flat ₹5 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.015% NA
Commodity Options Trading Brokerage Gold ₹80 | Silver ₹50 | Crude Oil ₹50 NA
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IIFL Securities Charges Vs SBI Securities

Minimum Brokerage Charges ₹0.05 per share (₹25 Min) ₹0.05 for Cash, ₹0.01 Future
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call ₹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 ₹5100 per Cr (0.051%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (₹5515/Crore).

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

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the SBI Securities margin for intraday cash is Upto 5x.

  IIFL Securities SBI Securities
Equity Delivery Upto 3x (18% Annual Interest) 2x with Intrest
Equity Intraday Upto 20x Upto 5x
Equity Futures Upto 3x Nil
Equity Options 3x for shorting Nil
Currency Futures Upto 2x Nil
Currency Options 2x for shorting Nil
Commodity Futures Upto 3x NA
Commodity Options Upto 3x
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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 Available 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 112 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 140 customer reviews.

  IIFL Securities SBI Securities
  112 Customer Reviews    Rate IIFL Securities 140 Customer Reviews    Rate SBI Securities
Fees 2.9 3.2
Trading Brokerage 2.6 2.8
Trading Platform Usability 3.3 2.6
Customer Service 2.8 2.8
Research Capabilities 3.6 2.3
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews SBI Securities is rated 2.6 of 5 based on 140 customer reviews
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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
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 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
Trader Yes
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IIFL Securities Vs SBI Securities - Pros and Cons

  IIFL Securities SBI Securities
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.
  • 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
  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.
  • 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
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