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
Supported Exchnages	NSE, BSE, MCX	NSE, BSE, MCX and NCDEX
Account Type	Investor Plan (Online Plus)	Flat Brokerage Plan
Year of Incorporation	1996	2010
Number of Branches	900	22
Broker Enquiry
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IIFL Securities Vs Zerodha Charges & AMC

IIFL Securities trading account opening charges is ₹250 (Currently waived off) while Zerodha account opening changes is ₹200. IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year) and Zerodha Demat Account AMC Charges is ₹300.

	IIFL Securities	Zerodha
Trading Account Opening Charges	₹250 (Currently waived off)	₹200
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0
Demat Account AMC Charges	₹250 (Free for first year)	₹300

IIFL Securities Vs Zerodha Brokerage

IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% 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	Investor Plan (Online Plus)	Flat Brokerage Plan
Fixed Charges	NA
Equity Delivery Brokerage	0.25%	₹0 (Free)
Equity Intraday Brokerage	0.025%	₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.025%	₹20 per executed order or .03% whichever is lower
Equity Options Brokerage	₹25 per lot	₹20 per executed order
Currency Futures Trading Brokerage	0.025% or ₹20 per lot	₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	₹8 per lot	₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage	0.025%	₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	Gold ₹125 | Silver ₹80 | Crude Oil ₹80	₹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	Premium Plan (Dedicated RM)	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	₹50 per lot	₹20 per executed order
Currency Futures Trading Brokerage	0.05% or ₹20 per lot	₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	₹10 per lot	₹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	Gold ₹150 | Silver ₹100 | Crude Oil ₹100	₹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	Super Trader Plan (Pro Traders)	Flat Brokerage Plan
Fixed Charges	₹999
Equity Delivery Brokerage	0.10%	₹0 (Free)
Equity Intraday Brokerage	0.01%	₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage	0.01%	₹20 per executed order or .03% whichever is lower
Equity Options Brokerage	flat ₹10 per lot	₹20 per executed order
Currency Futures Trading Brokerage	0.015% or ₹15 per lot	₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	flat ₹5 per lot	₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage	0.015%	₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	Gold ₹80 | Silver ₹50 | Crude Oil ₹50	₹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

IIFL Securities Vs Zerodha Transaction Charges

IIFL Securities transaction charges for options is ₹5100 per Cr (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	₹325 per Cr (0.00325%)	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday	₹325 per Cr (0.00325%)	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures	₹210 per Cr (0.0021%)	NSE ₹190 per Cr (0.0019%)
Equity Options	₹5100 per Cr (0.051%) (on premium)	NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures	₹210 per Cr (0.0021%)	NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options	₹5100 per Cr (0.051%) (on premium)	NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity	Group A - ₹280 per Cr (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	Upto 3x
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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
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	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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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 397 customer reviews.

	IIFL Securities	Zerodha
	112 Customer Reviews	397 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 112 customer reviews	Zerodha is rated 3.7 of 5 based on 397 customer reviews

IIFL Securities Vs Zerodha Investment Options

	IIFL Securities	Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
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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	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.	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	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.	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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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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