IIFL Securities Stock Trading, Demat, Brokerage and Reviews 2021


11.35% 324,853 Clients

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, FDs, Loans, IPO and Bonds, etc.

IIFL offers one simple flat rate brokerage plan. This discount brokerage plan offers brokerage-free equity delivery trading. For other segments, it charges flat Rs 20 per executed order.

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

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for 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.


IIFL Securities Charges 2021

Account Opening Fees & Annual maintenance charges (AMC)

IIFL offers free online account opening. Customers pay Rs 250 for demat account AMC. The Demat AMC is free for 1st year.

  • IIFL Account Opening Charges: Rs 0 (Free)
  • Demat Account Annual Maintenance Charges (AMC): Rs 250 (Free for first year)

IIFL Securities Brokerage Plan

IIFL offers one simple flat rate brokerage plan. This discount brokerage plan offers brokerage-free equity delivery trading. For other segments, it charges flat Rs 20 per executed order.

IIFL Brokerage Charges List

Segment Brokerage
Equity Delivery Rs 0
Equity Intraday Rs 20 per order
Equity Futures Rs 20 per order
Equity Options 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

Visit IIFL Securities Brokerage Charges Review for more detail.

Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Online Account Opening

For online trading with IIFL, the investor has to open an account. Fill in an online account opening form to open a FREE Instant Demat Account and start trading the same day.


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 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. The key features of the 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 from a casual investor to a 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 in 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 Rs 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, the 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.

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.

  1. Full-service broker with a network of branches across India.
  2. Brokerage-free equity delivery trading for all.
  3. Flat Rs 20 per trader brokerage for Intraday and F&O at BSE, NSE, MCX, and NCDEX.
  4. Free Equity and MF research and recommendation services.
  5. The advanced trading platform'Trader Terminal' is one of the best.
  6. It offers equity, commodity, and currency trading on the same platform.
  7. IIFL offers Equity Systematic Investment Plan (Equity SIP)
  8. Offer advanced order type like Valid till Date (VTD) order.
  9. Relationship Manager(RM) with every account for in-person trading advisory and assistance.
  10. Offer a wide range of financial products as stocks, derivatives, bonds, IPO, MF, Corporate FDs, and Insurance.
  11. IIFL Securities is a publicly-traded company listed at BSE and NSE.

IIFL Securities Cons (Disadvantages)

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

  1. IIFL doesn't offer a 3-in-1 account as IIFL doesn't have a banking license.
  2. It doesn't offer Direct Mutual Funds.
  3. Call & trade changes are Rs 50 per call.

Open Instant Account with IIFL Securities

IIFL Securities Margin Exposure

IIFL Securities margin for intraday trading is up to 6x based on the stock. IIFL Securities F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for IIFL Securities F&O carry forward positions and equity delivery trades.

SegmentMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.


IIFL Securities Ratings

Overall Rating Rated 2.7 stars 2.7/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.6 stars 2.6/5
Usability Rated 3.2 stars 3.2/5
Customer Service Rated 2.7 stars 2.7/5
Research Capabilities Rated 3.3 stars 3.3/5

Based on 118 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 Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2021-22 324,853 65 0.02%
NSE 2020-21 291,730 228 0.08%
BSE 2020-21 65,221 5 0.01%
NSE 2019-20 218,877 112 0.05%
BSE 2019-20 64,954 13 0.02%
NSE 2018-19 221,753 133 0.06%
BSE 2018-19 48,542 19 0.04%
NSE 2017-18 225,435 138 0.06%
BSE 2017-18 88,975 36 0.04%
NSE 2016-17 197,996 220 0.11%

* 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.

Frequently Asked Questions

  1. 1. What is IIFL securities?

    IIFL Securities, formerly known as India Infoline, is a full-service stockbroking firm founded by Mr. Nirmal Jain and incorporated in 1995 in India.

    IIFL Securities is a leading advisory firm providing diversified financial services and products to corporate, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth individuals, and retail clients.

    IIFL Securities has been in the broking business for almost 25 years serving over 2.3 lakh active clients providing them trading and investment services in Equity, Currency, Commodities, Futures & Options, Mutual Funds, Bonds, and IPOs etc.

    IIFL Securities has a strong footprint in India with 2500+ centers spread over 500+ cities and also global presence in London, Mauritius, New York, Colombo, Dubai, Singapore and Hong Kong.

     

     

  2. 2. What does IIFL securities do?

    IIFL Securities is one of the largest full-service brokers providing stockbroking and investment advisory and research services to its clients.

    IIFL Securities is a SEBI registered entity and has BSE, NSE, MCX, and NCDEX membership. It provides various investment options to its clients ranging from Equity (including Equity Systematic Investment Plans), F&O, Commodity, Currency to Mutual Funds. IIFL is also a depository participant of CDSL and NSDL thereby providing Demat services to its customers along with trading services.

     

     

  3. 3. How IIFL works?

    IIFL Securities or India Infoline is a full-service stock broker in India. The company offers online and offline trading and investment services to resident Indians as well as non-resident Indians in equity, commodity, currency, futures, and options.

    IIFL also offers Mutual Funds, IPOs, Bonds, Insurance, Loans, and Corporate FDs. IIFL offers its services online or through its branches spread across various cities in India.

    To avail of various services of IIFL, you need to open a trading & Demat account with the company and link it with a savings bank account. IIFL offers 3 different brokerage plans:

    1. Flat Brokerage Plan
    2. Variable Brokerage Plan
    3. Value-added Subscription Plan (Advance Brokerage Plan)

    You can choose one of the plans at the time of account opening or switch between accounts at any time. You will be charged brokerage (as per the chosen plan), fees, and taxes based on your transactions. Refer to Brokerage Charges for more details.

    To invest in mutual funds, you need to open a separate account with the company called 'IIFL Mutual Fund Account'.

    The Demat account will be linked to your trading and IIFL Mutual Fund Account and all the securities bought through the accounts will be held in it.

    Once you have opened the accounts, you can trade through IIFL in multiple ways:

    1. IIFL Markets App(Mobile Trading App)
    2. TT Web(Online Trading Website) or TT Desktop (Installable Trading Terminal)
    3. IIFL Mutual Funds App(Android and iOS)
    4. Call and Trade

     

     

  4. 4. Is IIFL good for trading?

    IIFL is one of the biggest full-service brokers in India serving residents, non-residents, corporates, and other institutional clients. IIFL is a one-stop-shop providing various online and offline investment options like Equity, currency, derivatives, commodity, FD's, Mutual Funds, Bonds, etc. along with the best research-based advisory services.

    IIFL's trading platforms are one of the best in the country based on cutting edge technology. You are assigned a dedicated relationship manager (RM) to help you guide and support at each step.

    IIFL being a full-service broker, the brokerage charges are 60%-90% higher compared to an online discount broker.

     

     

  5. 5. How to close IIFL trading account online?

    The IIFL Securities trading account cannot be closed online. The IIFL trading account closure involves filling and submitting a physical form. The form can be downloaded from the company's website or you can also contact your Relationship Manager (RM) to get a copy of the form.

    Steps to close IIFL trading account:

    1. Select the option in the form for the closure as (1) only trading account, (2) only Demat account, or (3) Both.
    2. Fill in the required details and sign the form
    3. Submit the form to your branch office or at the given address.

    Note:

    • Clear all the outstanding dues before initiating the closure request.
    • Attach unused Delivery Instruction slips if the request also includes the closure of the Demat Account.
    • Sell or transfer existing securities if any to other Demat accounts.

     

     


373 Comments

Masthan
373. Masthan  Jul 29, 2021 10:42 I Like It. | Report Abuse Reply
i never suggest to go and trade with IIFL

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
shubham bhardwaj
372. shubham bhardwaj  Jul 26, 2021 14:51 I Like It. | Report Abuse Reply
i want to close my demate account
Nitin Kachhiya
371. Nitin Kachhiya  Jul 24, 2021 11:07 I Like It. | Report Abuse Reply
why getting following message even ?

Your account is not in adequate cover, please transfer funds by 8.30 AM. or call up Relationship Manager Centralized Trading Desk on 2241383838 before market starts, else stocks may be sold by Risk Action.
Hajee
370. Hajee  Jul 23, 2021 09:03 I Like It. | Report Abuse Reply
PLS don’t open DEMAT account in IIFL. They are having worst service.it is been month requesting all the necessary persons for changing account.but no use still they struck in 1948 system.all other companies r doing same process through online and it gets approved in 1 days.
M prasad
369. M prasad  Jul 6, 2021 08:12 I Like It. | Report Abuse Reply
One of the worst brokerage platform in India i don’t recommend this

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
Mayur
369.1. Mayur  Jul 17, 2021 10:59 I Like It. | Report Abuse
CALL TO TRADE CHARGES VERY HIGH. Rs.50 PER CALL. if we have net issue !!
HOW to get recommendations if we have other stock to trade that not earlier communicated by IIFL.
P S Gulati
368. P S Gulati  Aug 18, 2015 12:22 I Like It. | Report Abuse Reply
They charge a minimum brokerage per delivery trade, which is quite high & which is not displayed here. The trader terminal platform is very user friendly.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
prasad nekkanti
368.1. prasad nekkanti  Jul 1, 2021 10:19 I Like It. | Report Abuse
Pls vfy my dp and trading charges very high mobile trading app very un Happy tomuch logged
Syed Hussain
367. Syed Hussain  Jun 24, 2021 03:10 I Like It. | Report Abuse Reply
Firstly, all RM's at IiFL are donkeys or probably worse, second & most important thing, IIFL charges of fund transfer & annual maintenance is absolutely appalling, also an important observation I've noticed for my last 3 withdrawal, they've taken more than a week each time to transfer funds back to my bank account, citing technical issues, How shameless are you people?! Are you using public funds for personal profits? Also, please once a customer asks NOT to be distributed, listen to them and don't let your stray employees keep disturbing us just so that you make your brokerage. Finally, the entire product feel is substandard, have you seen the flow in Zerodha? Infact in terms of full service, Angel is much better than IIFL in all aspects.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Ricky Ahuja
366. Ricky Ahuja  Jun 23, 2021 00:31 I Like It. | Report Abuse Reply
Used IIFL for 3 months, my honest feedback -
Note : My review is NOT based on brokerage amount but more on the overall experience.

IIFL is possibly the worst full service broker in town in terms of product experience, I have an account with Motilal as well as 5Paisa & previously used Kotak for my investing and trading activities.
Their App as well as website is appalling, the entire experience is like using a Windows 98, it's that bad, guess they don't have a product team or if they have, then they seem to be some random SSC pass cyber cafe employees who don't understand where the brokerage industry is headed, their research is OK but I'd rather stick to my Motilal Oswal for research.
MOSL beats IIFL hands down on all parameters, in fact my experience with 5Paisa is much more smooth and they have a pretty neat product doing absolute justice of being a discount broker.
IIFL should stick to being NBFC or some other financial services company.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Prashant Bhardwaj
365. Prashant Bhardwaj  Jun 6, 2021 17:42 I Like It. | Report Abuse Reply
It has come to know from the company of you people that people must be making the customers unhappy in the same way. Got a call from your customer care that we are returning your money. After that neither mail nor call reply came. I will put the way of working of your company in that May social media. So that people know how IIFL kills their money by luring the customer for a loan. I will forward your complaint to the Banking Ombudsman Officer so that he can give justice to a customer like me and he does not get caught in the same problem as you.
ganesh geervan
364. ganesh geervan  Jun 2, 2021 15:38 I Like It. | Report Abuse Reply
i have trust issues on IIFL,
because when i was creating my account in IIFL in 2018 , the RM(neha omprakash) was helping me in creating account, we had an issue with Aadhar verification . so after trying for a week i told her we will drop the process as took more time. she said do drop account creating process now, but as it took more time i had dropped it. later after 2 months the account was created and without any Aadhar authorization and i didnot knew this till i saw few paper of account creation recently . so i have requested to close account and valid justification how account got created without aadhar verification. even then no updated details or RM didn't tried to contact for any suggestions or any updates, leave this part . now when i am asking Customer care they are saying RM will help you and When i ask RM they are saying Customer care will help you. the organization don't have proper workflow of resolving issues of customers but they charge for nothing.
it's been 12 working days but no resolution for ticket raise (2296556)
Divyansh
363. Divyansh  Mar 9, 2021 11:03 I Like It. | Report Abuse Reply
FRAUD FRAUD FRAUD!!!
Hey i am divyansh jain.
This msg is to inform you all that IIFL is totally fraud company.
It takes money and run away.
On 26 feb i have opened my account with the help of Ms. Shweta .that time she helps me very much but after taking money she didint even reply doesn't pic my calls. And ran away.
So i warn you not to open account in iifl .its totally cheaters and fraud .
Thanku
Parveen
363.1. Parveen  May 31, 2021 15:53 I Like It. | Report Abuse
Hi Divyansh, can you please elaborate more that how did they took your money, I just recently opened the account with them, please provide any information with can help me
Rakesh Yadav
362. Rakesh Yadav  May 26, 2021 11:31 I Like It. | Report Abuse Reply
bought HDFC share @2500 Last month .IIFL Adds its charges on it and Bought it at @2535.Considering the shares as not growing Sold it on 25621 @ 2550 .IIFL sell it at 2537 .They also charge Rs 600 Maintenance fees also.
Damn as if we are here to Earn For IIFL. Shifting Everthing to Zerodha .

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Average
Venkateshan
361. Venkateshan  May 16, 2021 11:32 I Like It. | Report Abuse Reply
For Funds transfer they are charging fees whereas other brokers are free. They credit the amount after 10 days citing technical issues.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
Palash Paul
360. Palash Paul  May 2, 2021 23:02 I Like It. | Report Abuse Reply
I'm very much disappointed with IIFL Demat. Thy are charging huge to clients. Last month I sold 4 script from my holding amounting 65K. They charged my 737 Rs as Demat charge apart from selling brokerages and other transaction charge.
Looking for other low brokerage demat
Dibya Ranjan Pradhan
359. Dibya Ranjan Pradhan  Apr 23, 2021 17:25 I Like It. | Report Abuse Reply
India Ka No1 tension free or branded brokar.quick Oder place .low brokerage services best application app mobile best@all are best play form
Dwarakish
358. Dwarakish  Apr 2, 2021 10:01 I Like It. | Report Abuse Reply
Totally disappointed with this DP for their additional hidden charges without intimating customers.

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
Ritesh Saluja
357. Ritesh Saluja  Mar 24, 2021 12:26 I Like It. | Report Abuse Reply
This NBFC is very very very very bull shittttt services...no rispond on helpline no..as well email is also worst service...I 🙏 request to all whom to read my message plz don’t start any type of relationship with this bank...otherwise you will face a to much problem..
Rohit Shukla
356. Rohit Shukla  Dec 6, 2007 10:11 I Like It. | Report Abuse Reply
I just opened my acount in indiainfoline.After reading all the views I am thinking to cancel it .Please tell me now, what can I do?
Divyansh
356.1. Divyansh  Mar 9, 2021 10:58 I Like It. | Report Abuse
Chor or fraud h bro pese leke bhaag jate h
Nirmal Lad
355. Nirmal Lad  Feb 23, 2021 06:47 I Like It. | Report Abuse Reply
IIFL is one of good broker company, I used it since last more than 10 years. Very professional, mobile app is also very user friendly. Their basic service is good and if you are capable to apply your own mind to take decision then no need to subscribe their other services. frequently they arrange the educational seminars, very interesting and provide you different ideas for investment.
Jatin
354. Jatin  Jan 25, 2021 18:53 I Like It. | Report Abuse Reply
It is a fraud company, stay away from it

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

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