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IIFL Securities Vs SBI Securities (Compare IIFL Securities and SBI Securities)

IIFL Securities Ltd Logo

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... Know more about IIFL Securities Ltd

SBICAP Securities Ltd Logo

About SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians and N... Know more about SBICAP Securities Ltd

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IIFL Securities Vs SBI Securities

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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  IIFL Securities SBI Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX BSE, NSE
Year of Incorporation 1996 2001
Number of Branches 900 117
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IIFL Securities Vs SBI Securities Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 850. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and SBI Securities Demat Account AMC Charges is Rs 350.

  IIFL Securities SBI Securities
Trading Account Opening Charges Rs 0 (Free) Rs 850
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 350

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IIFL Securities Vs SBI Securities Brokerage

IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type IIFL Securities iServe SBI Securities eZ-trade
Fixed Charges NA
Equity Delivery Rs 20 per order 0.50%
Equity Intraday Rs 20 per order 0.05%
Equity Futures Rs 20 per order 0.05%
Equity Options Rs 20 per order Rs 100 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order NA
Commodity Options Rs 20 per order NA
Special Offer
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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

IIFL Securities Charges Vs SBI Securities

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call Rs 10 per call (after 30 free calls a month)

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IIFL Securities Vs SBI Securities Transaction Charges

IIFL Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while SBI Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  IIFL Securities SBI Securities
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 280 per Cr (0.0028%)
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IIFL Securities Vs SBI Securities Leverage (Margin)

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

  IIFL Securities SBI 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)
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Compare IIFL Securities and SBI Securities Features

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

  IIFL Securities SBI Securities
3 in 1 Account No Yes
Charting Yes No
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 2:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features
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IIFL Securities Vs SBI Securities Review

IIFL Securities is rated 2.6 of 5 based on 130 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 159 customer reviews.

  IIFL Securities SBI Securities
  130 Customer Reviews    Rate IIFL Securities 159 Customer Reviews    Rate SBI Securities
Fees 2.8 3.1
Brokerage 2.6 2.7
Trading Platform 3.2 2.6
Customer Service 2.6 2.8
Research Capabilities 3.0 2.4
Overall Ratings Rated 2.6 stars Rated 2.5 stars
Broker Rating IIFL Securities is rated 2.6 of 5 based on 130 customer reviews SBI Securities is rated 2.5 of 5 based on 159 customer reviews

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Contact Broker / Request A Call Back

  IIFL Securities Enquire SBI Securities Enquire
Contact Broker 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. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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IIFL Securities Vs SBI Securities Investment Options

  IIFL Securities SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance

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IIFL Securities Vs SBI Securities Order Type Offered

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

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

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IIFL Securities Vs SBI Securities Suitable For Investor Type

  IIFL Securities SBI Securities
Casual Investor Yes
Active Investor Yes
Trader Yes

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IIFL Securities Vs SBI Securities - Pros and Cons

  IIFL Securities SBI Securities
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
Cons
  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is charged at flat Rs 20 per trade.
  3. It doesn't offer Direct Mutual Funds.
  4. Call & trade changes are Rs 50 per call.
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
Reviews
Promo / Offers

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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