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

ChargeIIFL SecuritiesNirmal 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

ChargeIIFL SecuritiesNirmal Bang
Plan NameFlat Plan (FBP)N/A
Equity Delivery0.50%0.2%
Equity Intraday0.05%0.02%
Equity Futures0.05%0.02%
Equity Options1% of Premium or ₹100 per lot, whichever is high₹35
Currency Futures0.05%0.02%
Currency Options1% of Premium or ₹100 per lot, whichever is high₹20
Commodity OptionsFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high0.01%
Mutual FundN/AN/A

IIFL Securities vs Nirmal Bang Margin / Exposure: 2024

SegmentIIFL SecuritiesNirmal Bang
Equity DeliveryUpto 3xUpto 10x
Equity IntradayUpto 20xUpto 4x
Equity FutureUpto 3xUpto 4x
Equity OptionsUpto 3xUpto 2x for shorting
Currency FutureUpto 2xUpto 2x for shorting
Currency OptionsUpto 2xUpto 3x
Commodity FutureUpto 3xUpto 3x
Commodity OptionsN/AN/A

IIFL Securities vs Nirmal Bang 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 Nirmal Bang Charges 0.02% for Currency futures and ₹20 for Currency options.

IIFL Securities vs Nirmal Bang 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 Nirmal Bang charge 0.01% for commodity.
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