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.
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
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 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
Charge | IIFL Securities | Trade 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 |
Charge | IIFL Securities | Trade Smart Online |
---|---|---|
Plan Name | Flat Plan (FBP) | Power Trading Plan |
Equity Delivery | 0.50% | ₹15 per executed order |
Equity Intraday | 0.05% | ₹15 per executed order |
Equity Futures | 0.05% | ₹15 per executed order |
Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹15 per executed order |
Currency Futures | 0.05% | ₹15 per executed order |
Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹15 per executed order |
Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | ₹15 per executed order |
Mutual Fund | N/A | N/A |
Segment | IIFL Securities | Trade Smart Online |
---|---|---|
Equity Delivery | Upto 3x | 1x (No Margin) |
Equity Intraday | Upto 20x | Upto 30x |
Equity Future | Upto 3x | MIS: 3X | BO: 7X | CO: 7X |
Equity Options | Upto 3x | MIS: 3X | BO: 7X | CO: 7X |
Currency Future | Upto 2x | MIS: 3X | BO: 3X | CO: 3X |
Currency Options | Upto 2x | MIS: 3X |
Commodity Future | Upto 3x | MIS: 2X | BO: 6X | CO: 6X |
Commodity Options | N/A | N/A |