IIFL Vs Zerodha (Compare IIFL and Zerodha)
The side-by-side comparison of IIFL and Zerodha. Compare IIFL Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and IIFL review.
Find out IIFL Vs Zerodha which is better and IIFL Vs Zerodha which is best.
Our IIFL Securities Limited comparison with Zerodha highlights the major differences between two brokers. Find the best between IIFL and Zerodha.
IIFL Vs Zerodha
IIFL
Zerodha
Find more info about broker
About the Broker
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or ₹20 per executed o...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
NSE, BSE, MCX
NSE, BSE, MCX and NCDEX
Account Type
Standard Account
Flat Brokerage Plan
Broker Enquiry
Year of Incorporation
1996
2010
Number of Branches
900
22
Enquire IIFL
Enquire Zerodha
IIFL Vs Zerodha Charges
IIFL
Zerodha
Trading Account Opening Fees
₹750
₹200
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹555
₹0
Demat Account AMC
₹ 400 (One time)
₹300
Demat Account is Mandatory?
No
No
IIFL Vs Zerodha Brokerage
Other Charges
Minimum Brokerage Charges
₹0.05 per share
₹0
Other Brokerage Charges
Advisory SMS - ₹50 per month
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges
₹50 per call
₹50 per executed order
IIFL Vs Zerodha Taxes
IIFL
Zerodha
Securities Transaction Tax (STT)
Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
IIFL Vs Zerodha Transaction Charges
IIFL
Zerodha
Equity Delivery
0.00325%
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday
0.00325%
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures
0.0021%
NSE ₹190 per Cr (0.0019%)
Equity Options
0.051% on premium
NSE ₹5000 per Cr (0.05%)
Currency Futures
0.0021%
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options
0.051% on premium
NSE ₹70 per Cr (0.0007%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity
0.0028%
Group A - ₹260 per Cr (0.0026%)
IIFL Vs Zerodha Exposure Margin
IIFL
Zerodha
Equity Delivery
Upto 3x with 18% interest per year
1x (no margin)
Equity Intraday
Upto 20x
Up to 20x (based on the stock)
Equity Futures
Upto 3x
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options
3x for shorting
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures
Upto 2x
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options
2x for shorting
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures
Upto 3x
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
IIFL and Zerodha Feature Comparison
IIFL
Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
TT Exe, TT Web, IIFL Markets
Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time
3:10 PM
Other Features
Market Mantra, Loyalty Points
Direct Mutual Funds, APIs
Referral Program
IIFL Vs Zerodha Review
IIFL
Zerodha
108 Customer Reviews
369 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
IIFL is Rated 2.7 / 5 based on 108 customer reviews Zerodha is Rated 3.7 / 5 based on 369 customer reviews
IIFL Vs Zerodha Investment Options
IIFL
Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
IIFL Vs Zerodha Customer Service
IIFL
Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches
IIFL Vs Zerodha Order Type Offered
IIFL
Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Vs Zerodha Research Report
IIFL
Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
IIFL Vs Zerodha Suitable For Investor Type
IIFL
Zerodha
Casual Investor
Active Investor
Trader
IIFL Vs Zerodha - Advantages and Disadvantages
IIFL
Zerodha
Pros
4000+ branches in 900+ cities make them your neighborhood broker.
Being a full service broker, they offer wide range of financial products and services.
IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
India Infoline Ltd is a publicly traded company listed at BSE and NSE.
More Advantages...
Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
Excellent trading platforms (Kite) available for free.
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
Brokerage is 0.01% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
Direct Mutual Fund Investment is available.
Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
Zerodha Referral Program offers 10% broekrage share to clients you refer.
Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
More Advantages...
Cons
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
Doesn't provide stock tips, research reports or recommendations.
Call & Trade is charged at extra ₹50 order.
Auto Square off is charged at extra ₹50 order.
Doesn't offer 3-in-1 account.
Doesn't offer unlimited trading plans.
Doesn't offer AMC Free Demat account.
More Disadvantages...
Reviews
Promo / Offers
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Free Equity Delivery Trading Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
Zerodha
Zero Account Opening Fee