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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | IIFL Securities | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹750 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹400 per year | ₹300 per year (paid monthly) |
Charge | IIFL Securities | Upstox |
---|---|---|
Plan Name | Flat Plan (FBP) | Basic |
Equity Delivery | 0.50% | ₹0 (FREE) |
Equity Intraday | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | 0.05% | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | IIFL Securities | Upstox |
---|---|---|
Equity Delivery | Upto 3x | 1x (no margin) |
Equity Intraday | Upto 20x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | Upto 3x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | Upto 3x | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | Upto 2x | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | Upto 2x | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | Upto 3x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |