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Sharekhan Vs IIFL Securities (Compare Sharekhan and IIFL Securities)

About Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa...

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About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider 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 products as Stocks, Derivatives, Commodities, Insurance, FD...

IIFL Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

Sharekhan Vs IIFL Securities

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

	Sharekhan	IIFL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	NSE, BSE, MCX
Year of Incorporation	2000	1996
Number of Branches	2800	900
	Open Sharekhan Account	Open IIFL Securities Account

Sharekhan Vs IIFL Securities Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while IIFL Securities account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

	Sharekhan	IIFL Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 400 (Free for 1st year)	Rs 250 (Free for 1st year)

Sharekhan Vs IIFL Securities Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.

Account Type	Sharekhan Classic Account	IIFL Securities iServe
Fixed Charges		NA
Equity Delivery	0.50%	Rs 20 per order
Equity Intraday	0.10%	Rs 20 per order
Equity Futures	0.10%	Rs 20 per order
Equity Options	Rs 50 per lot	Rs 20 per order
Currency Futures	0.10%	Rs 20 per order
Currency Options	Rs 30 per lot	Rs 20 per order
Commodity Futures	0.03%	Rs 20 per order
Commodity Options	0.03%	Rs 20 per order
Special Offer	Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.	Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Sharekhan Vs IIFL Securities Brokerage Plan 2

	Sharekhan	IIFL Securities
Account Type	Prepaid - Rs 1 Lakh	iServe
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	Rs 20 per order
Equity Intraday	0.015%	Rs 20 per order
Equity Futures	0.015%	Rs 20 per order
Equity Options	0.05% or Rs 63 per lot	Rs 20 per order
Currency Futures		Rs 20 per order
Currency Options		Rs 20 per order
Commodity Futures		Rs 20 per order
Commodity Options		Rs 20 per order
	Open Sharekhan Account	Open IIFL Securities Account

Sharekhan Vs IIFL Securities Brokerage Plan 3

	Sharekhan	IIFL Securities
Account Type	Margin - Rs 1 Lakh	iServe
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	Rs 20 per order
Equity Intraday	0.05%	Rs 20 per order
Equity Futures	0.05%	Rs 20 per order
Equity Options	1% or Rs 70 per lot	Rs 20 per order
Currency Futures		Rs 20 per order
Currency Options		Rs 20 per order
Commodity Futures		Rs 20 per order
Commodity Options		Rs 20 per order
	Open Sharekhan Account	Open IIFL Securities Account

Sharekhan Charges Vs IIFL Securities

Minimum Brokerage	Intraday: 5 paisa per share \| Delivery: 10 paisa per share \| Future Rs 0.001 per share
Other Charges		Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 20	Rs 50 per call

Sharekhan Vs IIFL Securities Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).

	Sharekhan	IIFL Securities
Equity Delivery	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 275 per Cr (0.00275%) (each side)	Rs 325 per Cr (0.00325%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 275 per Cr (0.00275%) (each side)	Rs 325 per Cr (0.00325%)
Equity Futures	NSE Rs 190 per Cr (0.0019%) \| BSE Rs 50 per Cr (0.00035) (each side)	Rs 210 per Cr (0.0021%)
Equity Options	NSE Rs 5000 per Cr (0.05%) \| BSE Rs 50 per Cr (0.0005%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Currency Futures	NSE Rs 135 per Cr (0.00135%) \| MCX Rs 130 per Cr (0.00130%)	Rs 210 per Cr (0.0021%)
Currency Options	NSE Rs 4220 per Cr (0.04220%) \| MCX Rs 3220 per Cr (0.03220%) (on premium)	Rs 5100 per Cr (0.051%) (on premium)
Commodity	MCX (Non-Agri) Rs 230 per Cr (0.0023%) \| MCX (Agri) Rs 95 per Cr (0.00095%)	Group A - Rs 280 per Cr (0.0028%)
	Open Sharekhan Account	Open IIFL Securities Account

Sharekhan Vs IIFL Securities Leverage (Margin)

Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Sharekhan	IIFL Securities
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open Sharekhan Account	Open IIFL Securities Account

Compare Sharekhan and IIFL Securities Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

	Sharekhan	IIFL Securities
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	TradeTiger, Sharekhan Mobile	IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time	3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Pattern finder, Class room training
	Open Sharekhan Account	Open IIFL Securities Account

Sharekhan Vs IIFL Securities Review

Sharekhan is rated 3.3 of 5 based on 310 customer reviews whereas IIFL Securities is rated 2.6 of 5 based on 128 customer reviews.

	Sharekhan	IIFL Securities
	310 Customer Reviews	128 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 310 customer reviews	IIFL Securities is rated 2.6 of 5 based on 128 customer reviews

Contact Broker / Request A Call Back

	Sharekhan Enquire	IIFL Securities Enquire
Contact Broker	Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.	Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Sharekhan Vs IIFL Securities Investment Options

	Sharekhan	IIFL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading	Insurance

Sharekhan Vs IIFL Securities Order Type Offered

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

Sharekhan Vs IIFL Securities Research Report

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

Sharekhan Vs IIFL Securities Suitable For Investor Type

	Sharekhan	IIFL Securities
Casual Investor
Active Investor
Trader

Sharekhan Vs IIFL Securities - Pros and Cons

	Sharekhan	IIFL Securities
Pros	It has a strong network of over 1950 branches across India. The fund transfer from and to the trading account is free. The share transfer from and to the DP account is free when trading from Sharekhan trading account. The 'TradeTiger' is the most popular trading terminal in India. Brokerage Plan "Prepaid AMC schemes" are available for high volume traders. Stock SIP is available. Loan against shares, margin funding, ipo financing and ESOP funding is available.	Full-service broker offering quality research and recommendations. 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.
Cons	Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services. Sharekhan brokerage is high in comparison to the discount brokers. Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.	Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges. Equity delivery brokerage is charged at flat Rs 20 per trade. It doesn't offer Direct Mutual Funds. Call & trade changes are Rs 50 per call.
Reviews
Promo / Offers	Sharekhan Special Offer Rs 0 Account Opening (for a limited time only) Get FREE Account Opening. FREE Research courage across all segments. 1 Year FREE access to TradeTiger Trading Terminal. This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.	IIFL Securities Special Offer Flat Rs 20 Per Trade Brokerage + Free Account Opening Flat Rs 20 per trade brokerage for delivery, 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.
	Open Sharekhan Account	Open IIFL Securities Account

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Compare Sharekhan	Compare IIFL Securities
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