IIFL Securities vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
IIFL Securities vs Nirmal Bang Account Opening Charges: 2024
| Charge | IIFL Securities | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹750 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 per year | ₹200 per year |
IIFL Securities vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | Nirmal Bang |
|---|---|---|
| Plan Name | Flat Plan (FBP) | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹35 |
| Currency Futures | 0.05% | 0.02% |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹20 |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | 0.01% |
| Mutual Fund | N/A | N/A |
IIFL Securities vs Nirmal Bang Margin / Exposure: 2024
| Segment | IIFL Securities | Nirmal Bang |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 10x |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Upto 3x | Upto 2x for shorting |
| Currency Future | Upto 2x | Upto 2x for shorting |
| Currency Options | Upto 2x | Upto 3x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | N/A | N/A |