Interactive Brokers vs IIFL Securities Comparison: 2024
About Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
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
Interactive Brokers vs IIFL Securities Account Opening Charges: 2024
| Charge | Interactive Brokers | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 | ₹400 per year |
Interactive Brokers vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Interactive Brokers | IIFL Securities |
|---|---|---|
| Plan Name | N/A | Flat Plan (FBP) |
| Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | 0.50% |
| Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | 0.05% |
| Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.05% |
| Equity Options | Minimum ₹6 and Upto ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | 0.05% |
| Currency Options | Minimum ₹6 and Upto ₹20 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 |
Interactive Brokers vs IIFL Securities Margin / Exposure: 2024
| Segment | Interactive Brokers | IIFL Securities |
|---|---|---|
| Equity Delivery | N/A | Upto 3x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 3x |
| Equity Options | N/A | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |
Interactive Brokers vs IIFL Securities Currency Charges and Plans: 2024
Other Comparisons of Interactive Brokers and IIFL Securities
| Interactive Brokers | IIFL Securities |
|---|---|
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