IIFL Securities (India Infoline Limited) is one of the leading stock broking houses in India, Sponsored and supported by 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.
He 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.
India Infoline Securities Review – IIFL is the leading financial broker in India. Find IIFL Review, IIFL brokerage charges, trading platform, Calculator & more. 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 Review, 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:
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
IIFL offers 3 different brokerage plans designed basis the customer profile. Investor Plan (Online Plus), Super Trader Plan (Pro Traders) and Premium Plan (Dedicated RM). 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.
₹ 20/- per executed order or 0.05% whichever is lower
Equity Options
Flat ₹ 20/- per executed order
IIFL Z20 Plan Other Charges
Details
Securities/ Commodities Transaction Tax
Statutory charges as per exchange
Transaction/ Turnover Charges
Statutory charges as per exchange
AMC (Annual Maintenance Charges)
Free AMC for 1year since plan activation & ₹450 per
year post that
Call & Trade
Additional charges of ₹50 per order
A) for orders placed through our support/dealing desk
B) intraday or RMS positions squared off by our RMS
team
Buyback, OFS and NFO Order Charges
₹0 for online order
GST
Charged as per GST law
DP (Depository Participant) Charges
₹20 per debit instruction (irrespective of quantity)
Physical CML Request
CML request is free, only ₹100+GST for the courier will
be charged
Margin pledge initiation and pledge release
from client to stock broker (Both side
₹25 per Script (NIL for Mutual funds)
Margin Re-pledge initiation and Re-pledge
release from Stock Broker to Clearing
Member(CM)(Both Side)
₹1 per Script (NIL for Mutual funds)
Margin Re-pledge initiation and Re-pledge
release from CM to Clearing Corporation
(CC) (Both Side)
₹1 per Script (NIL for Mutual funds)
Margin Pledge Invocation by
Stockbroker/CM/CC
₹25 per Script (NIL for Mutual funds)
Pledge Charge (Broker Margin funding, Any
offline/external) Pledge
₹59
Payment Gateway Charges
₹9
SEBI Charges – Equity Intraday, Futures &
Options and Currency
Charged at ₹5per crore
SEBI Charges – Commodit
Non Agri Commodity ₹5per Crore Agri Commodity ₹1
per Crore
DPC Charges
0.05% Per day
Stamp Charges
Statutory charges as per exchange
Clearing Charges
Charged at ₹150 per crore on F&O segment in Equity
Currency Exchange Transaction Charges in
futures
₹22 per Cr in BSE & ₹90 Per Cr in NSE
Currency Exchange Turnover Charges in
Options
₹100 per Cr in BSE & ₹3500 Per Cr in NSE
GST On Transaction Charges & SEBI Fees in
Currency
Charged at 18%
Currency Investor Protection Fund
Future Investor Protection – ₹5 per crore &
Option Investor Protection – ₹200 per crore
All charges are including GST & other charges will be levied as per existing structure
Leverage:
Segment
Delivery Leverage
Cash Delivery
Up to 5 time
Intraday Order
Cover/Bracket Order
Cash Intraday
Up to 20 times
Up to 20 times
Index and Stock
Futures
4 Times
25% of Exchange margin
+ SL Margin
Index Option Sell
4 Times
25% of Exchange margin
+ SL Margin
Index Option Buy
3 Times
25% of Exchange margin
+ SL Margin
Stock Options Sell
2 Times
Not Allowed
Stock Options Buy
1 Times
Not Allowed
Note- Non POA Clients can also take leverage against pledged stocks
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.
IIFL Markets Mobile App (Android and iOS)
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
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.
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
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.
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 Securities 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.
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He 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.
