Angel Broking vs IIFL Securities Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Angel Broking vs IIFL Securities Account Opening Charges: 2024
| Charge | Angel Broking | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹400 per year |
Angel Broking vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Angel Broking | IIFL Securities |
|---|---|---|
| Plan Name | iTrade Prime | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | Flat ₹20 per executed order | 0.05% |
| Equity Futures | Flat ₹20 per executed order | 0.05% |
| Equity Options | Flat ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | Flat ₹20 per executed order | 0.05% |
| Currency Options | Flat ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | Flat ₹20 per executed order | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Angel Broking vs IIFL Securities Margin / Exposure: 2024
| Segment | Angel Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 3x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | Upto 4x | Upto 3x |
| Equity Options | 3x for shorting | Upto 3x |
| Currency Future | Upto 2x | Upto 2x |
| Currency Options | Upto 5x for shorting | Upto 2x |
| Commodity Future | 3x | Upto 3x |
| Commodity Options | N/A | N/A |