Edelweiss vs IIFL Securities Comparison: 2024
About Edelweiss
Edelweiss Broking Ltd. is a full-time broker company operating in the capital market for more than a decade. It is part of the Edelweiss Group, one of the leading companies that provide financial services in India. It's products and services span multi-asset classes and caters to a diversified set of clients including corporations. individuals and organizations. Claiming to be your wealth advisor, Edelweiss has earned several awards in the category of best broking and digital services over the years.
Edelweiss Broking Ltd: An Overview
Founded back in 1995, The Edelweiss group commenced the commodity trading business in 2008. It is a Mumbai-based share broking company with a client base of 12 lakh spread across 200 locations in India. One of the biggest milestones of Edelweiss was the acquisition of The Jaypee Morgan Asset Management Company(AMC) in 2016. It is a registered broker with the NSE, BSE, MCX and NCDEX exchanges that
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
Edelweiss vs IIFL Securities Account Opening Charges: 2024
| Charge | Edelweiss | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹500 p.a. (For 1st year: Free) | ₹400 per year |
Edelweiss vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Edelweiss | IIFL Securities |
|---|---|---|
| Plan Name | Lite Plan | Flat Plan (FBP) |
| Equity Delivery | ₹10 per executed order | 0.50% |
| Equity Intraday | ₹10 per executed order | 0.05% |
| Equity Futures | ₹10 per executed order | 0.05% |
| Equity Options | ₹10 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹10 per executed order | 0.05% |
| Currency Options | ₹10 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | N/A | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Edelweiss vs IIFL Securities Margin / Exposure: 2024
| Segment | Edelweiss | IIFL Securities |
|---|---|---|
| Equity Delivery | Upto 10x | Upto 3x |
| Equity Intraday | Upto 40x | Upto 20x |
| Equity Future | 40x | Upto 3x |
| Equity Options | Nil | Upto 3x |
| Currency Future | 1.5x | Upto 2x |
| Currency Options | Nil | Upto 2x |
| Commodity Future | Upto 6x | Upto 3x |
| Commodity Options | N/A | N/A |