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

IIFL Z20 Plan Brokerage	Details
Delivery Brokerage	₹0 for all traders
Equity Intraday, Futures & Options, Currency & Commodity	₹ 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

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.

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

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)

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

2. 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.

3. 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

4. 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.
5. 

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.