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About 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... 
About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Ze...
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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.
| IIFL Securities | Zerodha | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | NSE, BSE, MCX | NSE, BSE, MCX and NCDEX |
| Year of Incorporation | 1996 | 2010 |
| Number of Branches | 900 | 22 |
| Open IIFL Securities Account | Open Zerodha Account |
IIFL Securities trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Zerodha Demat Account AMC Charges is Rs 300.
| IIFL Securities | Zerodha | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 200 |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 250 (Free for 1st year) | Rs 300 |
IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.
| Account Type | IIFL Securities iServe | Zerodha Flat Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| Equity Futures | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| Equity Options | Rs 20 per order | Rs 20 per executed order |
| Currency Futures | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| Currency Options | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| Commodity Futures | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| Commodity Options | Rs 20 per order | Rs 20 per executed order or .03% whichever is lower |
| 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.
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Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. |
| Minimum Brokerage | 0.03% in Intraday and F&O | |
| Other Charges | Advisory SMS - Rs 50 per month | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS |
| Call & Trade Charges | Rs 50 per call | Rs 50 per executed order |
IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).
| IIFL Securities | Zerodha | |
|---|---|---|
| Equity Delivery | Rs 325 per Cr (0.00325%) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | Rs 325 per Cr (0.00325%) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | Rs 210 per Cr (0.0021%) | NSE Rs 200 per Cr (0.002%) |
| Equity Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Currency Futures | Rs 210 per Cr (0.0021%) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
| Currency Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | Group A - Rs 280 per Cr (0.0028%) | Group A - Rs 260 per Cr (0.0026%) |
| Open IIFL Securities Account | Open Zerodha Account |
IIFL Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| IIFL Securities | Zerodha | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open IIFL Securities Account | Open Zerodha Account |
The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.
| IIFL Securities | Zerodha | |
|---|---|---|
| 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 | |
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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 | Kite Web, Kite Mobile for Android/iOS and Coin |
| Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Referral Program | |
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| Open IIFL Securities Account | Open Zerodha Account |
IIFL Securities is rated 2.7 of 5 based on 121 customer reviews whereas Zerodha is rated 3.7 of 5 based on 453 customer reviews.
| IIFL Securities | Zerodha | |
|---|---|---|
121 Customer Reviews  |
453 Customer Reviews |
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| Broker Rating | IIFL Securities is rated 2.7 of 5 based on 121 customer reviews | Zerodha is rated 3.7 of 5 based on 453 customer reviews |
| IIFL Securities Enquire | Zerodha 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. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. |
| IIFL Securities | Zerodha | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| IPO | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Insurance |
| IIFL Securities | Zerodha | |
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| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open IIFL Securities Account | Open Zerodha Account |
| IIFL Securities | Zerodha | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| IIFL Securities | Zerodha | |
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| Casual Investor | |
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| IIFL Securities | Zerodha | |
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| Reviews | ||
| Promo / Offers | Free Equity Delivery Trading + Free Account Opening
This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today. |
Free Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
| Open IIFL Securities Account | Open Zerodha Account |
While IIFL and Zerodha both are stock brokers, they offer services in different categories. IIFL Securities is a full-service broker offering a wide range of financial products and services through its network of branches and personal relationship managers (RM). Zerodha is an online broker offering just trading services. Zerodha charges a very low brokerage but it doesn't offer research and personalized services.
IIFL provides trading and Demat services along with research-based advisory services. IIFL is good for beginners who can benefit from recommendations received from IIFL advisors. IIFL being a full-service broker, the brokerage charges are comparatively higher than discount brokers.
Zerodha is an online discount broker offering free equity delivery trading. Being a discount broker, Zerodha does not provide advisory services to its customers. It is one of the cheapest brokerage houses most suited for frequent traders who can benefit themselves from huge brokerage costs.
Read IIFL Securities vs Zerodha for detailed comparison.
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