IIFL Securities vs IDBI Direct Comparison: 2024
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
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
IIFL Securities vs IDBI Direct Account Opening Charges: 2024
| Charge | IIFL Securities | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹750 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 per year | ₹450 p.a. |
IIFL Securities vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | IDBI Direct |
|---|---|---|
| Plan Name | Flat Plan (FBP) | Standard Plan |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹100 per lot |
| Currency Futures | 0.05% | N/A |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | N/A |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | N/A |
| Mutual Fund | N/A | N/A |
IIFL Securities vs IDBI Direct Margin / Exposure: 2024
| Segment | IIFL Securities | IDBI Direct |
|---|---|---|
| Equity Delivery | Upto 3x | Nil |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Upto 3x | Nil |
| Equity Options | Upto 3x | Nil |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 2x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | N/A | N/A |