IIFL Vs Zerodha (Compare IIFL and Zerodha)

The side-by-side comparison of IIFL and Zerodha. Compare IIFL Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and IIFL review.

Find out IIFL Vs Zerodha which is better and IIFL Vs Zerodha which is best.

Our IIFL Securities Limited comparison with Zerodha highlights the major differences between two brokers. Find the best between IIFL and Zerodha.

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IIFL Vs Zerodha

  IIFL Zerodha
Find more info about broker
IIFL Securities Limited Logo Zerodha Logo
About the Broker 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... Know more about IIFL Securities Limited 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 ₹20 per executed o... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage NSE, BSE, MCX NSE, BSE, MCX and NCDEX
Account Type Standard Account Flat Brokerage Plan
Broker Enquiry Open an Online Trading Account with IIFL. 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.
Year of Incorporation 1996 2010
Number of Branches 900 22
Enquire IIFL Enquire Zerodha
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IIFL Vs Zerodha Charges

  IIFL Zerodha
Trading Account Opening Fees ₹750 ₹200
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 400 (One time) ₹300
Demat Account is Mandatory? No No
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IIFL Vs Zerodha Brokerage

Brokerage Plan 1

  IIFL Zerodha
Account Type Standard Account Flat Brokerage 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 ₹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
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

Other Charges

Minimum Brokerage Charges ₹0.05 per share ₹0
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 Vs Zerodha Taxes

  IIFL Zerodha
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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IIFL Vs Zerodha Transaction Charges

  IIFL 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%)
Currency Futures 0.0021% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options 0.051% on premium NSE ₹70 per Cr (0.0007%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity 0.0028% Group A - ₹260 per Cr (0.0026%)
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IIFL Vs Zerodha Exposure Margin

  IIFL 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 Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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IIFL and Zerodha Feature Comparison

  IIFL Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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
Referral Program Yes
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IIFL Vs Zerodha Review

  IIFL Zerodha
  108 Customer Reviews    Rate IIFL 369 Customer Reviews    Rate Zerodha
Fees 2.9 3.8
Trading Brokerage 2.6 4.3
Trading Platform Usability 3.3 3.6
Customer Service 2.7 3.5
Research Capabilities 3.0 2.0
Overall Ratings Rated 2.7 stars Rated 3.7 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 108 customer reviews Zerodha is Rated 3.7 / 5 based on 369 customer reviews
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Contact Broker / Request A Call Back

  IIFL 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 Vs Zerodha Investment Options

  IIFL Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No
Debt Yes No
Other Investment Options
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IIFL Vs Zerodha Customer Service

  IIFL Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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IIFL Vs Zerodha Order Type Offered

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

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

  IIFL Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes
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IIFL Vs Zerodha - Advantages and Disadvantages

  IIFL 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.

More Advantages...

  • 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 0.01% 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.

More Advantages...

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.

More Disadvantages...

  • 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.

More Disadvantages...

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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