India Infoline or IIFL Review, Brokerage Charges, Demat A/C, Apps and more

iifl logo

IIFL Securities (India Infoline Limited) is one of the leading stockbroking houses in India. Sponsored and supported by none other than IIFL Holdings Limited, the full-service broking house offers a wide range of financial services to clients including loans, mortgages, and brokerage.

IIFL Securities is a subsidiary of the IIFL Group, one of the top-rated financial service providers in India offering wealth management, consumer finance, asset management, and personal finance services. Through this IIFL Securities Review, we tried to cover IIFL history, their brokerage charges, trading platforms and other important points that every investors and traders should know.

The firm is primarily known for its superlative degree of quality in the field of online trading and research-based advisory. Its financial products are spread across various segments such as Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds, etc.

From web-based trading and investment to best-researched advisory services, IIFL Securities has carved its name and reputation in today’s rapidly-growing Indian economy. There are quite a few stockbrokers in India whose in-house research and advisory services had been truly rewarding amongst all others and IIFL Securities is one of them.

History

It was the year 1995 when Mr. Nirmal Jain, an ex-commodity trader in HUL left his job to turn his dream into realities. This is when the birth of today’s prestigious IIFL Group took place. In fact, he came up with India’s first online trading website in the year 2000.

Being a Chartered Accountants from the Institute of Chartered Accountants of India and Master of Business Administration from the Indian Institute of Management (IIM)– Ahmedabad, he was loaded with all the fundamental skills one needs to stay ahead in today’s cut-throat business world.

iifl open accountHe first commenced the company as an equity research firm and progressively he expanded his offerings and at present, it provides Life Insurance, stockbroking service, Mutual Fund, Commodities, Fixed Deposits, Loans, IPO, Bonds, NRI Services, and other related services. The firm also has its branches in various countries of the world including Dubai, Colombo, New York, UK, Mauritius, Singapore, and Hong Kong.

IIFL Securities has an active presence across BSE, NSE, MCX, and NCDEX. Over the years, the broking house has offered personalized products & services that put it miles ahead of its counterparts. The exceptional level of customer support provided by IIFL has no match in the industry.

Reasons to choose IIFL Securities – Key Points of IIFL Securities Review

For those looking to associated with IIFL Securities, it is necessary to understand the following points:

  • The innovative technology of IIFL makes it quite easy for users to trade and invest any time anywhere.
  • The team of experts comes up with well-researched reports, charts, suggestions and recommendations that help investors make sound investment decisions.
  • The platform is extremely user friendly as there is no particular training needed for a fresh investor. One can easily explore all the available features before investing that will help him enjoy seamless trading.
  • The customized stock advisory services are provided to each client on an exclusive basis and this is one reason why IIFL has so many clients today.
  • They also offer customer-centric brokerage plans based on the specific requirements of each investor and trader being either a daily investor or an active trader.
  • They have an active presence in all major cities within India and even overseas.
  • Their trading platform ‘Trading Terminal’ is based on advanced technology.
  • They accept personal Fixed Deposits as collateral security for the margin funding.

Account Opening Charges at IIFL

The account opening charges at IIFL under the standard plan are as given below:

  • Demat Account Opening Charges: Zero
  • Demat Account Annual Maintenance Charges (AMC): ₹ 400 (First Year free)
  • Trading Account Opening Charges: Zero
  • Trading Account Annual Maintenance Charges: Zero

Awards & Accolades

Since its inception, IIFL Securities have won several awards and accolades from industry pioneers.

Some of the leading ones are:

  • ‘Golden Peacock Award for Risk Management’ for the year 2019 at Singapore Global Convention
  • ‘Best Broker with Global Presence’ from BSE IPF
  • India Infoline receives Mobby’s Award at World Marketing Congress for ‘Best Financial Website’
  • IIFL bags NSE Market Achievers Awards 2017 as the best IPO Bidding Member – Retail | Group

IIFL Brokerage Charges & Plans

The main brokerage charges and plans offered by IIFL are Flat Brokerage Plan (FBP), Variable Brokerage Plan (VBP), Advanced Brokerage Plan and Value Added Subscription Plan (VAS). The charges covered under these plans are comprised of Brokerage and Transaction Charges, Account Opening Charges, and Other Relevant Charges.

Flat Brokerage Plan (FBP)

Brokerage Type Brokerage Charges
Intra-day both side 0.05%
Delivery (Normal) settlement_ 0.50%
Trade for Trade and Z group scrip 0.75%
Brokerage (FUTURES) both side 0.05%
Brokerage (OPTIONS) Minimum 1% of Premium or Rs.100/- per lot whichever is higher
Minimum per share Brokerage Rs. 0.05

Variable Brokerage Plan (VBP)

IIFL Securities VBP Plan brokerage rates vary in percentage depending upon the volume of trade transactions done during a month.

  • Intraday (both sides) – 0.02% to 0.05%
  • Delivery – 0.15% to 0.60%
  • Futures (both sides) – 0.02% to 0.05%
  • Options (both sides) – ₹100 per lot or 1% to 2.5% of the premium, whichever of the two is higher

 Value Added Subscription Plan (VAS)

– In addition to the above brokerage plans, IIFL Securities offers its customers Value Added Subscription Plans. The plans have a one-year validity and the fee is non-refundable.

These plans appeal to a lot of investors, especially one that trades frequently.

Subscription Plan Default Plan 2500 VAS 5000 VAS 10000 VAS 15000 VAS
Value Added Subscription Value (Rs) Nil 2500 5000 10000 15000
Value Added Subscription value + 15% Service Tax in Rs (a) 2875 5750 11500 17250
Account Opening fee (b) Rs.750 Nil Nil Nil Nil

 

Delivery Brokerage 0.50% 0.35% 0.30% 0.25% 0.20%
Intraday Trading Brokerage CM-each leg 0.05% 0.04% 0.03% 0.03% 0.02%
Trading Brokerages Futures- each leg 0.05% 0.04% 0.03% 0.02%
Intraday Trading Brokerage Futures-each leg 0.05% 0.04% 0.03% 0.03% 0.02%
Options Trading Brokerage-each leg 1% of premium or Rs100/- per lot whichever is higher 1% of premium or Rs90/- per lot whichever is higher 1% of premium or Rs80/- per lot whichever is higher 1% of premium or Rs70/- per lot whichever is higher 1% of premium or Rs60/- per lot whichever is higher
Minimum Per ShareBrokerage (Rs) (Delivery, Futures and cash Intraday) 0.05 0.05  0.05 0.05 0.04
Validity Period 12 Months 12 Months 12 Months 12 Months 12 Months

 

Further, there are more slabs with 25K, 45K,75K, 1Lakh Value Added Subscriptions. The details are mentioned in the list below :

Subscription Plan 25K VAS 45K VAS 75K VAS 1 Lakh VAS
Value Added Subscription Value (Rs) 25000 45000 75000 100000
Value Added Subscription value + 15% Service Tax in Rs (a) 28750 51750 86250 115000
Account Opening fee (b) Nil Nil Nil Nil

 

Delivery Brokerage 0.15% 0.10% 0.09% 0.07%
Intraday Trading Brokerage CM-each leg 0.02% 0.01% 0.009% 0.007%
Trading Brokerages Futures- each leg 0.02% 0.01% 0.009% 0.007%
Intraday Trading Brokerage Futures-each leg 0.02% 0.01% 0.009% 0.007%
Options Trading Brokerage-each leg 0.50% of premium or Rs60/- per lot whichever is higher 0.50% of premium or Rs50/- per lot whichever is higher Flat Rs25/- per lot Flat Rs20/- per lot
Minimum Per ShareBrokerage (Rs) (Delivery, Futures and cash Intraday) 0.03% 0.01% 0.01% 0.01%
Validity Period 12 Months 12 Months 12 Months 12 Months

 

IIFL Securities DP Charges

DP charges comprise depository as well as depository participant charges. Whenever a stock is sold from your IIFL Securities demat account, DP charges are imposed.

IIFL is affiliated to both the central securities depositories.

IIFL Securities DP Charges
IIFL Securities DP Charges 0.04% of the transaction value (₹25 cap)
CDSL DP Charges ₹5.5
NSDL DP Charges  ₹4.5

Therefore, for every stock sale, a CDSL linked demat account holder will have to pay ₹5.5 + 0.04% of the transaction value while a customer whose DP is NSDL will be charged ₹4.5 + 0.04% of the transaction value as IIFL Securities DP Charges.

IIFL Securities Margin

Margins are collected to cover some of the trade risks and safeguard against any adverse price movement. Usually, margins are decided as a % of the total value of the transaction.

Here is the detailed list of IIFL Securities Margin

IIFL Securities Margin
Segment Trading Margin
Equity Delivery Upto 3 times
Equity Intraday Upto 20 times
Equity Futures Upto 3x
Equity Options 3x for shorting
Currency Futures Upto 2x
Currency Options 2x for shorting
Commodity Futures Upto 3x
Commodity Options Upto 3 times for intraday

From the overall industry perspective, these margin values place IIFL at a decent spot among the trader base that looks to use this provision while trading.

 IIFL Securities Trading Platforms

IIFL Securities offers different types of trading platforms to cater to different types of traders available on various devices.

  1. IIFL Markets Mobile App (Android and iOS)

IIFL markets app IIFL markets app

Available for both Android and iOS users, the IIFL Markets app lets users trade across BSE, NSE, and MCX. It is also considered among the most widely used trading app in the country with an average rating of 4.4. Currently, the app has more than 20K subscribers.

Some of the best features of the Markets app are:

  • Live prices – Easy access to Equity, Currency, and Commodity marketplaces
  • Personalized watchlists – Create various watchlists across BSE, NSE, MCX, and NCDEX
  • Advanced dashboard – Comprehensive dashboard for Indices, Currencies, and Commodities
  • IIFL View – Instantly view top 500 stocks sorted by IIFL research team
  • Price alert notifications for your preferred stocks
  • Advanced widget to track stocks right on the home screen
  • Lifetime free guest user login
  • News, research, PnL, Key Ratios & historical price charts
  1. IIFL Trader Terminal

IIFL Trader Terminal is a desktop-based trading software that allows investors to trade across IPO, Mutual Funds, Equity, Derivatives, Currency, and Commodities. The trading can be done across BSE, NSE, MCX, and NCDEX.

Though this desktop application is quite useful, using it can be a bit clumsy for beginners. The app offers a wide range of charting and analytical features that help in sound decision making related to the investment.

There is also a web-based version of this app that can be opened on all leading web browsers.

The main features of IIFL Trader Terminal are:

  • LIVE market information, quotes streaming
  • One-click order placement feature
  • 2-level authentication for enhanced security
  • Add multiple market watch lists so as to check details of pre-chosen scrips.
  • High-speed order execution based on the running performance
  • Insightful market analysis with info like top gainers/losers, 52-week high/low, and so on
  • Technical and fundamental analysis – 14 technical price and volume indicators
  • Online fund transfer facility with leading banks like ICICI, HDFC, UTI, Axis, Yes Bank, and others.
  1. IIFL TTWeb – This application is developed for users that are comfortable trading through browsers, be it Chrome, Mozilla, Firefox, Safari etc.

There is no need to download any software to run this trading app version. A Computer, laptop, desktop, smartphone with an internet connection and a browser will do the job for you.

IIFL TT is a complete tool that facilitates the investors to trade and invest in various financial instruments such as :

  • Stocks
  • Derivatives
  • Commodities
  • Insurance
  • FDs
  • Currency/Forex
  • IPO
  • Bonds
  1. IIFL TT.Exe- As the name suggests, this is an EXE file that needs to be downloaded from IIFL Securities secure website and then installed on your windows-based computer, laptop, or desktop.
  2. iifl

his high-performance trading app has multiple features to offer to its trader base, including:

  • Real-time market quotes with a provision to add scrips in custom watchlists
  • Buy and sell order window just a click away across the trading app
  • Quick order execution
  • Smooth user experience for feature navigation and analysis
  • Security measures to combat any potential malware issues

Single sign-on available

Conclusion of IIFL Review

India Infoline (IIFL) is a reputed brand in the stockbroking sector in India. However, after the launch of various stockbroking firms in recent times, there has been some sluggish response in witnesses in the growth of the firm.

Though they have come up with the discount brokerage segment, a majority of beginners still love to go with IIFL due to their rich physical presence everywhere.

And when it comes to adjudging the performance of their trading platforms, they are truly outstanding.