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 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... 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 Investor Plan (Online Plus) 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 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
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
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IIFL Securities Vs Zerodha Brokerage Charges & Plans

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 Rs 0 (Free) and intraday is Rs 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% 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 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% 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
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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 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
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IIFL Securities Charges Vs 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
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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%)
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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 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 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 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 418 customer reviews.

  IIFL Securities Zerodha
  112 Customer Reviews    Rate IIFL Securities 418 Customer Reviews    Rate Zerodha
Fees 2.9 3.7
Trading Brokerage 2.6 4.3
Trading Platform Usability 3.3 3.6
Customer Service 2.8 3.4
Research Capabilities 3.6 2.7
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 418 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 Rs 1150). Get the exclusive offer

Brokerage free equity delivery trading (no commission) + Flat Rs 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 Rs 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 Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 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 Rs 50 order.
  • Auto Square off is charged at extra Rs 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 Rs 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 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.

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Frequently Asked Questions

  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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