IIFL Securities Vs Zerodha (Compare IIFL Securities and Zerodha)

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
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 Vs Zerodha Charges & AMC

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 Vs Zerodha Brokerage

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.

	IIFL Securities	Zerodha
Account Type	iServe	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.	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.

IIFL Securities Charges Vs Zerodha

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 Vs Zerodha Transaction Charges

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 Vs Zerodha Leverage (Margin)

IIFL Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Zerodha margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	IIFL Securities	Zerodha
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Open IIFL Securities Account	Open Zerodha Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open IIFL Securities Account	Open Zerodha Account

IIFL Securities Vs Zerodha Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas Zerodha is rated 3.7 of 5 based on 436 customer reviews.

	IIFL Securities	Zerodha
	118 Customer Reviews	436 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews	Zerodha is rated 3.7 of 5 based on 436 customer reviews

IIFL Securities Vs Zerodha Investment Options

	IIFL Securities	Zerodha
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

IIFL Securities Vs Zerodha Order Type Offered

	IIFL Securities	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open IIFL Securities Account	Open Zerodha Account

IIFL Securities Vs Zerodha Research Report

	IIFL Securities	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IIFL Securities Vs Zerodha Suitable For Investor Type

	IIFL Securities	Zerodha
Casual Investor
Active Investor
Trader

IIFL Securities Vs Zerodha - Pros and Cons

	IIFL Securities	Zerodha
Pros	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities is a publicly-traded company listed at BSE and NSE.	India's No. 1 broker in terms of the number of active clients and exchange volume. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.
Cons		It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.
Reviews
Promo / Offers	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + Trade with the best trading platform in India. This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
	Open IIFL Securities Account	Open Zerodha Account

1. 1. Which is better Zerodha or IIFL?

   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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