IIFL Securities Stock Trading, Demat, Brokerage and Reviews 2020


7.3% 234,856 Clients

Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It 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 including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc.

They have a wide network of branches spread across all major cities across India. IIFL Securities is very popular among retail investors and traders for their personalized services through the relationship managers and a network of branches.

IIFL Securities also offers NRI Trading and Investment services. They have a local presence in Colombo, Dubai, New York, Mauritius, London, Singapore and Hong Kong.

IIFL Securities Special Offers

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

IIFL Securities Charges 2020

Account Opening Fees & Annual maintenance charges (AMC)

IIFL charge ₹750 for trading and demat account opening. This one-time charge is waived for customers who buy certain prepaid brokerage plans. Also, customers pay ₹400 for demat account AMC. The Demat AMC is free for 1st year.

  • Trading Account Opening Charges: ₹750
  • Demat Account Opening Charges: ₹0 (Free)
  • Demat Account Annual Maintenance Charges (AMC): ₹400

IIFL Securities Brokerage Charges

IIFL offers 3 different brokerage plans; the Flat Brokerage Plan, the Variable Brokerage Plan and the Value-added Subscription Plan (Advance Brokerage Plan). You can choose one of the plans at the time of account opening or switch between them at any time based on your trading needs.

  1. IIFL Flat Brokerage Plan

    The IIFL Flat Brokerage Plan (FBP) charges a fixed % brokerage on the total traded value. This plan is for casual stock market investors. The brokerage charges in this plan are highest.

    Segment Brokerage (%)
    Intraday (buying/selling) 0.05%
    Delivery 0.50%
    Futures (buying/selling) 0.05%
    Options (buying/selling) 1% of premium or ₹100 per lot, whichever is higher
    T2T or Z group script 0.75%
    Minimum share per brokerage ₹0.05 (₹25 minimum)
  2. IIFL Variable Brokerage Plan

    The IIFL Variable Brokerage Plan (VBP) charges a variable % brokerage fee depending on the volume of trades made in a month. The amount of trading volume that you achieved during the last 20 trading days (including the current day) determines the brokerage slab for the current trading day. This plan offers a significantly lower brokerage rate to frequent traders.

    Segment Brokerage (%)
    Intraday (buying/selling) 0.02% to 0.05%
    Delivery 0.15% to 0.60%
    Futures (buying/selling) 0.02% to 0.05%
    Options (buying/selling) 1% to 2.5% of premium or ₹100 per lot, whichever is higher
  3. IIFL Advance Brokerage Plan

    IIFL prepaid brokerage plan has 7 different subscription plans. It is designed for frequent traders. By paying a specified amount, one can avail of more economical brokerage for certain duration. For example, under the ₹5000 plan, the brokerage for delivery trades reduces to 0.35% (from 0.50%) for 1 year.

    Plans > Default V1000 V2000 V5000VAS V10KVAS V25KVAS V50KVAS V1LVAS
    Subscription Fee ₹0 ₹1000 ₹2000 ₹5000 ₹10000 ₹25000 ₹50000 ₹100000
    Delivery 0.50% 0.25% 0.15% 0.35% 0.25% 0.15% 0.10% 0.05%
    Intraday 0.05% 0.03% 0.02% 0.04% 0.03% 0.02% 0.01% 0.01%
    Futures 0.05% 0.03% 0.02% 0.04% 0.03% 0.02% 0.01% 0.01%
    Options 1% of premium or ₹100 per lot whichever is higher 1% of premium or ₹70 per lot whichever is higher 0.50% of premium or ₹60 per lot whichever is higher 1% of premium or ₹90 per lot whichever is higher 1% of premium or ₹70 per lot whichever is higher 0.50% of premium or ₹60 per lot whichever is higher Flat ₹40 per lot Flat ₹20 per lot
    Minimum Brokerage (Per Share) ₹0.05 ₹0.05 ₹0.03 ₹0.05 ₹0.05 ₹0.03 ₹0.01 ₹0.01
    Plan Validity 1 year 1 month 1 month 1 year 1 year 1 year 1 year 1 year

Visit IIFL Securities Brokerage Charges Review for more detail.

Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

IIFL Securities Online Account Opening

IIFL Securities offers both online and offline account opening facility. The best way to open an account with IIFL is by requesting a callback from the IIFL representative who will help you with the account opening process.


IIFL Securities Trading Software (IIFL Securities Trading Platforms)

IIFL offers several trading platforms. Most of them are available for free to all the customers.

  1. IIFL Markets App (Android and iOS)

    IIFL Markets is a mobile app for trading at BSE, NSE and MCX. With lakhs of downloads, it is among the highest-rated trading app in India. The majority of IIFL customers use this app to monitor the markets and trade.

    The app provides you with the facility to trade, analyze and stay updated with the latest information on stock markets in real-time on your Android and Apple mobile phones. Key features of IIFL Markets Mobile App include free research reports, online IPO, trading tips and alerts and integrated back-office reports.

  2. Trader Terminal (TTWeb Website)

    The trading terminal on the web is a sophisticated trading website designed for trading on any computer or phone with a web browser. The India Infoline TTWeb has every trading feature needed for a casual investor to the frequent trader.

  3. Trader Terminal (TT.Exe Desktop PC)

    IIFL Trader Terminal is installable trading software for PC. It is designed for high volume traders. TT Terminal is an all-inclusive online trading tool, with superior charting and analytical capabilities. It has the fastest order execution speed. It offers the facility to trade in cash, derivatives, mutual funds, IPOs, currencies and commodities, all in one screen.

  4. TT Iris

    TT Iris is a stock market decision-making software designed for frequent traders. It helps analyze the market real-time and make decisions based on the most recent data. TT Iris's unique features include customized charting, strategy testing, portfolio optimization, candlestick scanners, and price watch.

    TT Iris is a 3rd party trading software build by Spider Software India. It is available for a yearly fee of ₹54,000.

  5. IIFL Mutual Funds App (Android and iOS)

    IIFL Mutual Fund app is a smart phone app to invest online in Mutual Funds. This app allows Buy, Sell, SIP and Monitor Mutual Funds. This free app allows you to view mutual fund scheme performance, latest industry news & expert advice from Fund Managers. The app also offers an online paperless account opening.

 

Visit IIFL Securities Trading Software Review for more detail.

Contact IIFL Securities / Request Call Back

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IIFL Securities Pros and Cons


IIFL Securities Pros (Advantages)

The following are the advantages of IIFL Securities. You must read IIFL Securities advantages and disadvantages before opening an account with IIFL Securities. IIFL Securities pros and cons help you find if it suits your investment needs.

IIFL is a full-service broker. Along with buying and selling, it also provides high-quality research to investors. The personalized services offered though a dedicated relationship manager help traders and beginners.

The IIFL Securities advantages include:

  1. Full-service broker with an extended network of branches across India and abroad.
  2. Free Equity and MF research and recommendation services to all customers.
  3. The advanced trading platform 'Trader Terminal' is one of the best.
  4. Offer a wide range of financial products including stocks, derivatives, bonds, IPO, MF, Corporate FDs and Insurance.
  5. RM (Relationship Manager) services for trading assistance.
  6. IIFL takes personal FDs as collateral for margin funding.
  7. IIFL offers Equity Systematic Investment Plan (Equity SIP)
  8. Its offers equity, commodity and currency trading on the same platform.
  9. Offer advanced order type like 'Valid till cancelled (VTC)'.

IIFL Securities Cons (Disadvantages)

The following are the cons of IIFL Securities. Check the list of IIFL Securities drawbacks.

IIFL brokerage charges are very high in comparison to the online discount stock brokers for most of the stock market investors. It also has high minimum brokerage and call & trade changes.

  1. Brokerage charges are 60% to 90% higher in comparison to discount stock brokers. Check Discount Broker vs Full-Service Broker in India.
  2. It doesn't offer a 3-in-1 account as IIFL doesn't have a banking license.
  3. It doesn't offer Direct Mutual Funds.
  4. The ₹25 per scrip minimum brokerage change is very high.
  5. Call & trade changes are ₹50 per call.
  6. Advisory on SMS is available at ₹50 per month.

IIFL Securities Limited Enquiry Form

IIFL Securities Margin / Exposure

IIFL Securities leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryUpto 3x (18% Annual Interest)
Equity IntradayUpto 20x
Equity FutureUpto 3x
Equity Options3x for shorting
Currency FutureUpto 2x
Currency Options2x for shorting
Commodity FutureUpto 3x
Commodity Options

Visit IIFL Securities Margin Review for more detail.


IIFL Securities Ratings

Overall Rating Rated 2.7 stars 2.7/5
Fees Rated 2.9 stars 2.9/5
Brokerage Rated 2.6 stars 2.6/5
Usability Rated 3.3 stars 3.3/5
Customer Service Rated 2.8 stars 2.8/5
Research Capabilities Rated 3.6 stars 3.6/5

Based on 112 Votes by IIFL Securities Customers

Do you trade with IIFL Securities? Rate IIFL Securities


IIFL Securities Complaint

The number of IIFL Securities customer complaint received by the exchanges. The IIFL Securities consumer complaint report helps understanding the IIFL Securities Limited quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 234,856 57
NSE 2019-20 218,877 112
BSE 2019-20 64,954 13
NSE 2018-19 221,753 133
BSE 2018-19 48,542 19
NSE 2017-18 225,435 138
BSE 2017-18 88,975 36
NSE 2016-17 197,996 220
BSE 2016-17 98,133 25
NSE 2015-16 262,930 238

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit IIFL Securities Complaints at BSE, NSE and MCX for detail report.


366 Comments

pradeep
366. pradeep  Jul 28, 2020 13:59 I Like It. | I Don't Like It. | Report Abuse Reply
Fake people they are cheaters they are not giving proper info on profit i have made when ever i am.asking that full detail they stop responding to me or not even reply to.my email
Mondal
365. Mondal  Jul 16, 2020 21:32 I Like It. | I Don't Like It. | Report Abuse Reply
I like IIFL new Z 20 plan . Overall ok . Its a old brand with so many offline offices.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Above Average
Mondal
364. Mondal  Jul 16, 2020 21:22 I Like It. | I Don't Like It. | Report Abuse Reply
IIFL new Z20 plan launch...0 delivery and 20 intrady and Demat debit charge only Rs 12.5 . Demat AMC only Rs 250.
More more better than any discount broker. Customer service excellent with Ask IIFL chat also very good. IIFL is a big brand not like discount brokers those ve no offline presence , if any thing worst happened no body can trace that discount brokers....so always go with good brand IIFL, Motilal, Sharekhan , ICICI , Angel broking ....U can sleep peacefully . Cost not factor for long term invsetor look for brand who can give u safety.
Gopal
363. Gopal  Jun 23, 2020 13:17 I Like It. | I Don't Like It. | Report Abuse Reply
IIFL The Worst brokerage Firm

I dont recommend IIFL for your Dmat services. High service charges, there are few services like Swing Trader which is useless and they trap you and make you buy the service. you will never have chance to unsubscribe from that service. they keep debiting your account with out your knowledge. Ruthless service executives, very poor customer service. You never get a chance to speak to your RMs for any kind of issues or escalations.

Navneet Kumar
362. Navneet Kumar  Jun 8, 2020 20:24 I Like It. | I Don't Like It. | Report Abuse Reply
Margin calculation is not good.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Average
Chain singh
361. Chain singh  May 29, 2020 20:55 I Like It. | I Don't Like It. | Report Abuse Reply
Very good trading app and comfortable for trading and there is lots of knowledge include inthe app related to product, research analysis which are useful for beginners.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
SANTOSH S RANE
360. SANTOSH S RANE  May 28, 2020 21:59 I Like It. | I Don't Like It. | Report Abuse Reply
HI
Don't open account at IIFL securities Limited very worst experience.
Relationship managers are not attaing a call of client.
many tiems orders execution issues are there. Recent issue of 26/05/2020.
intraday orders are also not executed by end of the day session. Sell order are also got delivered in cash segment. No reply of emails also only ticket number is generated.
No call back.
vaibhav mhaske
359. vaibhav mhaske  May 18, 2020 18:45 I Like It. | I Don't Like It. | Report Abuse Reply
IIFL APP SYSTEM IS OUTSTANDING .BUT THEY CHARG EXCESS BROAKING CHARGES FROM CUSTOMER .Eg MYSELF.SO PLEASE IIFL STOP THIS ROBBERY.I AM SMALL TRADERS AND SO MANY SMALL TRADERS .DONT'S ROBBERY IN SMALL TRDERS POCKET.
Dimple
358. Dimple  May 5, 2020 04:22 I Like It. | I Don't Like It. | Report Abuse Reply
There brokerage charges are very high compare to Upstock and Zerodha . Pathetic service. Better go for upstock or zerodha.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Avishek
357. Avishek  Apr 3, 2020 22:49 I Like It. | I Don't Like It. | Report Abuse Reply
Charges mentioned are not true.. Its Rs. 25/- +GST per script on buy or Sale. For Sale Demat Debit Transaction charges over & above.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
Team Chittorgarh.com
357.1. Team Chittorgarh.com  Apr 4, 2020 09:33 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Dear Sir,

We are not sure about your feedback. Cold you please provide more detail.

The Demat Debit Transaction charge is 0.05% (Min ₹15 and max ₹100).
SURYA TEJA VADDIRAJU
356. SURYA TEJA VADDIRAJU  Oct 17, 2019 21:39 I Like It. 1 | I Don't Like It. | Report Abuse Reply
It have more brokerage on equity that 0.05% or ₹0.05 per share unit on both side i.e if you buy an idea share @5.70 and you sold it @5.80 .then the brokerage is ₹.10(10 paise) ..and if you trade same at quantity of 100. Then,the brokerage is ₹10(Ten Rupees). i.e. while of you calculate it , it's only the profit that you created but brokerage is your profit and you have to pay extra charges. So finally you have to pay them after you earn profit too.....

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Average
Niket
356.1. Niket  Jan 4, 2020 11:38 I Like It. | I Don't Like It. | Report Abuse
Its Statndard brokerage charges, Its also negotiable to 0.01 & 0.1%.
Chaudhari Krupalbhai
355. Chaudhari Krupalbhai  Jan 1, 2020 16:08 I Like It. | I Don't Like It. | Report Abuse Reply
I don't like the brokerage charges. They said that minimum charges will be taken but their isn't.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Below Average
Praveen
354. Praveen  Dec 14, 2019 02:45 I Like It. | I Don't Like It. | Report Abuse Reply
Very bad service

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
PRAKASH
353. PRAKASH  Dec 5, 2019 21:34 I Like It. | I Don't Like It. | Report Abuse Reply
totally useless brokerage, no response from RM( sonali ), No information about shares, worst

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
Sucharulata nayak
352. Sucharulata nayak  Oct 21, 2019 18:52 I Like It. | I Don't Like It. | Report Abuse Reply
They charge high brokerage.they do not guide for profit.they do not give correct transaction messages.their cooperation is nil for bigginers.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Manjit singh
351. Manjit singh  Sep 13, 2019 22:48 I Like It. | I Don't Like It. | Report Abuse Reply
Customer service very poor brokrage charegs very high campare to other

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
R P Sharma
350. R P Sharma  Jun 27, 2019 12:43 I Like It. | I Don't Like It. | Report Abuse Reply
Currency Futures charges not called for. It should not be charged.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Average
Overall Experience - Very Poor
Dj
349. Dj  Jun 17, 2019 18:27 I Like It. | I Don't Like It. | Report Abuse Reply
IIFL is Thief, Looter, thug.... DO NOT OPEN AN ACCOUNT WITH IIFL.

This broker has lots of hidden charges and keeps on looting you using different methods.
I had an account here and even if I did not had any transaction, my account kept on debiting for various charges, when I tried to clarify it from broker, I never got good response.
IIFL agents dont know how to speak with customer. They will not show any respect to you.
Please don't open account here or you will be in loss for lifetime.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
sambit kumar
348. sambit kumar  Jun 12, 2019 19:35 I Like It. | I Don't Like It. | Report Abuse Reply
Bogus brokerage firm.I am shifting to zerodha.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
sambit kumar
347. sambit kumar  Apr 1, 2019 22:05 I Like It. | I Don't Like It. | Report Abuse Reply
very very high charges.I have determined to shift into zerodha.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor

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