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...
Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Ze...
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 | |
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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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Enquire IIFL Securities | Enquire Zerodha |
IIFL Securities trading account opening charges is Rs 250 (Currently waived off) while Zerodha account opening changes is Rs 200. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and Zerodha Demat Account AMC Charges is Rs 300.
IIFL Securities | Zerodha | |
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Trading Account Opening Charges | Rs 250 (Currently waived off) | 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 first year) | Rs 300 |
IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% 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 | |
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Account Type | Investor Plan (Online Plus) | Flat Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.25% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.025% | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.025% | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 25 per lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.025% or Rs 20 per lot | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 8 per lot | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.025% | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 | Rs 20 per executed order or .03% whichever is lower |
Special Offer | Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer |
IIFL Securities | Zerodha | |
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Account Type | Premium Plan (Dedicated RM) | Flat Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.05% | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.05% | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | Rs 50 per lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.05% or Rs 20 per lot | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | Rs 10 per lot | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.05% | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 | Rs 20 per executed order or .03% whichever is lower |
Enquire IIFL Securities | Enquire Zerodha |
IIFL Securities | Zerodha | |
---|---|---|
Account Type | Super Trader Plan (Pro Traders) | Flat Brokerage Plan |
Fixed Charges | Rs 999 | |
Equity Delivery Brokerage | 0.10% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.01% | Rs 20 per executed order or .03% whichever is lower |
Equity Futures Brokerage | 0.01% | Rs 20 per executed order or .03% whichever is lower |
Equity Options Brokerage | flat Rs 10 per lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.015% or Rs 15 per lot | Rs 20 per executed order or .03% whichever is lower |
Currency Options Trading Brokerage | flat Rs 5 per lot | Rs 20 per executed order or .03% whichever is lower |
Commodity Futures Trading Brokerage | 0.015% | Rs 20 per executed order or .03% whichever is lower |
Commodity Options Trading Brokerage | Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 | Rs 20 per executed order or .03% whichever is lower |
Enquire IIFL Securities | Enquire Zerodha |
Minimum Brokerage Charges | Rs 0.05 per share (Rs 25 Min) | 0.03% in Intraday and F&O |
Other Brokerage 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 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 | |
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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%) |
Enquire IIFL Securities | Enquire Zerodha |
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 | |
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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 | |
Enquire IIFL Securities | Enquire Zerodha |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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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Enquire IIFL Securities | Enquire Zerodha |
IIFL Securities is rated 2.7 of 5 based on 112 customer reviews whereas Zerodha is rated 3.7 of 5 based on 418 customer reviews.
IIFL Securities | Zerodha | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire IIFL Securities | Enquire Zerodha |
IIFL Securities | Zerodha | |
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Promo / Offers | Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 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. |
Enquire IIFL Securities | Enquire Zerodha |
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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