Indiabulls vs IIFL Securities Comparison: 2024
About Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
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
Indiabulls vs IIFL Securities Account Opening Charges: 2024
| Charge | Indiabulls | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 | ₹400 per year |
Indiabulls vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Indiabulls | IIFL Securities |
|---|---|---|
| Plan Name | Equity Unlimited Trade Plan | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹0 | 0.05% |
| Equity Futures | ₹15 per trade | 0.05% |
| Equity Options | ₹15 per trade | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹15 per trade | 0.05% |
| Currency Options | ₹15 per trade | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | 0.03% | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Indiabulls vs IIFL Securities Margin / Exposure: 2024
| Segment | Indiabulls | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x (No margin) | Upto 3x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Intra-day: 4x | Carry forward: 1x | Upto 3x |
| Equity Options | Intra-day: 4x | Carry forward: 1x | Upto 3x |
| Currency Future | Intra-day: 2x | Carry forward: 1x | Upto 2x |
| Currency Options | Intra-day: 2x | Carry forward: 1x | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |