The side-by-side comparison of India Infoline Limited and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between India Infoline (IIFL) and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among India Infoline (IIFL) and Zerodha.
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 Rs 20 per executed...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
NSE, BSE, MCX
NSE, BSE, MCX and NCDEX
Account Type
Standard Account
Standard Plan
Broker Enquiry
Stock Broker Fees / Charges
India Infoline Limited
Zerodha
Trading Account Opening Fees
₹750
₹300
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹555
₹100
Demat Account AMC
₹ 555 (One time)
₹300
Demat Account is Mandatory?
No
No
Trading Brokerage Charges
Brokerage Plan 1
India Infoline Limited
Zerodha
Account Type
Standard Account
Standard Plan
Fixed Charges
Equity Delivery Brokerage
0.50%
₹0 (Free)
Equity Intraday Brokerage
0.05%
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.05%
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage
Rs 25 per lot
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage
0.05%
₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Other Charges
Minimum Brokerage Charges
Rs 0.05 per share
₹0
Other Brokerage Charges
Advisory SMS - Rs 50 per month
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges
Rs 50 per call
₹20 per executed order
Taxes
India Infoline Limited
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)
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
Check table below
SEBI Charges
Rs 15 per Crore
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Charged as per the state of the client's correspondence address.
Transaction Charges
India Infoline Limited
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%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options
0.051% on premium
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures
0.0021%
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options
0.051% on premium
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity
0.0028%
Group A - ₹260 per Cr (0.0026%)
Exposure
India Infoline Limited
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
Upto 3x
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Share Broker Features
India Infoline Limited
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
Broker Ratings (Average User Rating)
India Infoline Limited
Zerodha
103 Customer Reviews
330 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
India Infoline (IIFL) is Rated 2.7 / 5 based on 103 customer reviews
Zerodha is Rated 3.7 / 5 based on 330 customer reviews
Contact Broker / Request A Call Back
India Infoline Limited
Zerodha
Contact / Request Call Back
Investment Options Available
India Infoline Limited
Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Customer Service Offered
India Infoline Limited
Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
India Infoline Limited
Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
India Infoline Limited
Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
India Infoline Limited
Zerodha
Casual Investor
Active Investor
Trader
Pros, Cons and Other Review Comments
India Infoline Limited
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.
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Truly 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