IIFL Securities Vs Zerodha (Compare IIFL Securities and Zerodha)

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


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


Zerodha
Zerodha is India's largest and most popular stock broker. It offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha Review 2020 Zero... Know more about Zerodha

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IIFL Securities Vs Zerodha

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
Supported Exchnages NSE, BSE, MCX NSE, BSE, MCX and NCDEX
Account Type Flat Brokerage Plan (FBP) Flat Brokerage Plan
Year of Incorporation 1996 2010
Number of Branches 900 22
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs Zerodha Charges & AMC

IIFL Securities trading account opening charges is ₹750 while Zerodha account opening changes is ₹200. IIFL Securities Demat Account AMC Charges is ₹400 per year and Zerodha Demat Account AMC Charges is ₹300.

  IIFL Securities Zerodha
Trading Account Opening Charges ₹750 ₹200
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹400 per year ₹300
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IIFL Securities Vs Zerodha Brokerage Charges & Plans

IIFL Securities Vs Zerodha Brokerage

IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

  IIFL Securities Zerodha
Account Type Flat Brokerage Plan (FBP) Flat Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹20 per executed order or .03% whichever is lower
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

IIFL Securities Vs Zerodha Brokerage Plan 2

  IIFL Securities Zerodha
Account Type Variable Brokerage Plan (VBP) Flat Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.15% to 0.60% ₹0 (Free)
Equity Intraday Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher ₹20 per executed order
Currency Futures Trading Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage 0.02% to 0.05% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹20 per executed order or .03% whichever is lower
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IIFL Securities Vs Zerodha Brokerage Plan 3

  IIFL Securities Zerodha
Account Type Advance Brokerage Plan (Prepaid) Flat Brokerage Plan
Fixed Charges ₹5,000 to ₹1,00,000
Equity Delivery Brokerage 0.35% to 0.05% ₹0 (Free)
Equity Intraday Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage 0.04% to 0.01% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹20 per executed order or .03% whichever is lower
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IIFL Securities Charges Vs Zerodha

Minimum Brokerage Charges ₹0.05 per share (₹25 Min) 0.03% in Intraday and F&O
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
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IIFL Securities Vs Zerodha Transaction Charges

IIFL Securities transaction charges for options is 0.051% on premium while Zerodha exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

  IIFL Securities 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%) (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 ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity 0.0028% Group A - ₹260 per Cr (0.0026%)
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IIFL Securities Vs Zerodha Leverage (Margin)

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).

  IIFL Securities Zerodha
Equity Delivery Upto 3x (18% Annual Interest) 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
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Compare IIFL Securities and Zerodha Features

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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
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 3:10 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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IIFL Securities Vs Zerodha Review

IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Zerodha is rated 3.7 of 5 based on 392 customer reviews.

  IIFL Securities Zerodha
  112 Customer Reviews    Rate IIFL Securities 392 Customer Reviews    Rate Zerodha
Fees 2.9 3.8
Trading Brokerage 2.6 4.3
Trading Platform Usability 3.3 3.6
Customer Service 2.8 3.4
Research Capabilities 3.6 2.6
Overall Ratings Rated 2.7 stars Rated 3.7 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 customer reviews Zerodha is rated 3.7 of 5 based on 392 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Zerodha Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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IIFL Securities Vs Zerodha Investment Options

  IIFL Securities Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance
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IIFL Securities Vs Zerodha Order Type Offered

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

  IIFL Securities Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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IIFL Securities Vs Zerodha Suitable For Investor Type

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

  IIFL Securities Zerodha
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.
  • 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 0.03% 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.
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.
  • 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.
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.

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