IIFL Securities vs Marwadi Shares 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 Marwadi Shares

Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.

Marwadi Shares: Overview

Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.

It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an

IIFL Securities vs Marwadi Shares Account Opening Charges: 2024

ChargeIIFL SecuritiesMarwadi Shares
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹750₹0
Trading Account AMC₹0₹0
Demat Account AMC₹400 per year₹450 per year or one time fee of ₹2500

IIFL Securities vs Marwadi Shares Brokerage Charges and Plans : 2024

ChargeIIFL SecuritiesMarwadi Shares
Plan NameFlat Plan (FBP)N/A
Equity Delivery0.50%0.30%
Equity Intraday0.05%0.06%
Equity Futures0.05%0.02%
Equity Options1% of Premium or ₹100 per lot, whichever is high₹100 per lot
Currency Futures0.05%0.02%
Currency Options1% of Premium or ₹100 per lot, whichever is high₹100 per lot
Commodity OptionsFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high0.02%
Mutual FundN/AN/A

IIFL Securities vs Marwadi Shares Margin / Exposure: 2024

SegmentIIFL SecuritiesMarwadi Shares
Equity DeliveryUpto 3xN/A
Equity IntradayUpto 20xN/A
Equity FutureUpto 3xN/A
Equity OptionsUpto 3xN/A
Currency FutureUpto 2xN/A
Currency OptionsUpto 2xN/A
Commodity FutureUpto 3xN/A
Commodity OptionsN/AN/A

IIFL Securities vs Marwadi Shares Currency Charges and Plans: 2024

IIFL Securities charge 0.05% for Currency Futures and 1% of Premium or ₹100 per lot, whichever is high for Currency Options whereas Marwadi Shares Charges 0.02% for Currency futures and ₹100 per lot for Currency options.

IIFL Securities vs Marwadi Shares Commodity Charges and Plans: 2024

IIFL Securities charge Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high for commodity and Marwadi Shares charge 0.02% for commodity.
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