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
| Charge | IIFL Securities | Marwadi 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
| Charge | IIFL Securities | Marwadi Shares |
|---|---|---|
| Plan Name | Flat Plan (FBP) | N/A |
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | 0.05% | 0.06% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹100 per lot |
| Currency Futures | 0.05% | 0.02% |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹100 per lot |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | 0.02% |
| Mutual Fund | N/A | N/A |
IIFL Securities vs Marwadi Shares Margin / Exposure: 2024
| Segment | IIFL Securities | Marwadi Shares |
|---|---|---|
| Equity Delivery | Upto 3x | N/A |
| Equity Intraday | Upto 20x | N/A |
| Equity Future | Upto 3x | N/A |
| Equity Options | Upto 3x | N/A |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 2x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | N/A | N/A |