IIFL Securities vs Trade Smart Online 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 Trade Smart Online

Trade Smart is a well-known name in India’s Stock Broking industry, which is ranks well among the famous discount brokers in India.

Trade Smart: An Overview

Trade Smart is a Mumbai based broking firm, incorporated in 1994 by VNS Finance and Capital Ltd. It is the ideal spot for investors and traders looking for high margins with low brokerages and the fast trading platform. 

Trade Smart began with the vision to offer a smart and consistent trading experience to users through their various services and trading platforms. From that point forward, Trade Smart has left no efforts in utilizing innovative technology solutions for easement customers in trading. 

They have a daily trade value of Rs. 2500 crore with more than 17000 spangling customer base, which is growing day by day, providing their best facilities and national presence. Also, they have their branches at numerous locations across the nation, supported by no not exactly

IIFL Securities vs Trade Smart Online Account Opening Charges: 2024

ChargeIIFL SecuritiesTrade Smart Online
Demat Account Opening Charges₹0₹200
Trading Acc Opening Charges₹750₹200
Trading Account AMC₹0₹0
Demat Account AMC₹400 per year₹300

IIFL Securities vs Trade Smart Online Brokerage Charges and Plans : 2024

ChargeIIFL SecuritiesTrade Smart Online
Plan NameFlat Plan (FBP)Power Trading Plan
Equity Delivery0.50%₹15 per executed order
Equity Intraday0.05%₹15 per executed order
Equity Futures0.05%₹15 per executed order
Equity Options1% of Premium or ₹100 per lot, whichever is high₹15 per executed order
Currency Futures0.05%₹15 per executed order
Currency Options1% of Premium or ₹100 per lot, whichever is high₹15 per executed order
Commodity OptionsFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high₹15 per executed order
Mutual FundN/AN/A

IIFL Securities vs Trade Smart Online Margin / Exposure: 2024

SegmentIIFL SecuritiesTrade Smart Online
Equity DeliveryUpto 3x1x (No Margin)
Equity IntradayUpto 20xUpto 30x
Equity FutureUpto 3xMIS: 3X | BO: 7X | CO: 7X
Equity OptionsUpto 3xMIS: 3X | BO: 7X | CO: 7X
Currency FutureUpto 2xMIS: 3X | BO: 3X | CO: 3X
Currency OptionsUpto 2xMIS: 3X
Commodity FutureUpto 3xMIS: 2X | BO: 6X | CO: 6X
Commodity OptionsN/AN/A

IIFL Securities vs Trade Smart Online 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 Trade Smart Online Charges ₹15 per executed order for Currency futures and ₹15 per executed order for Currency options.

IIFL Securities vs Trade Smart Online 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 Trade Smart Online charge ₹15 per executed order for commodity.
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