IIFL Securities vs Upstox 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 Upstox

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

IIFL Securities vs Upstox Account Opening Charges: 2024

ChargeIIFL SecuritiesUpstox
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)

IIFL Securities vs Upstox Brokerage Charges and Plans : 2024

ChargeIIFL SecuritiesUpstox
Plan NameFlat Plan (FBP)Basic
Equity Delivery0.50%₹0 (FREE)
Equity Intraday0.05%₹20 per trade or 0.05% (whichever is lower)
Equity Futures0.05%₹20 per trade or 0.05% (whichever is lower)
Equity Options1% of Premium or ₹100 per lot, whichever is high₹20 per trade or 0.05% (whichever is lower)
Currency Futures0.05%₹20 per trade or 0.05% (whichever is lower)
Currency Options1% of Premium or ₹100 per lot, whichever is high₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

IIFL Securities vs Upstox Margin / Exposure: 2024

SegmentIIFL SecuritiesUpstox
Equity DeliveryUpto 3x1x (no margin)
Equity IntradayUpto 20xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureUpto 3xBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsUpto 3xBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureUpto 2xBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsUpto 2xBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureUpto 3xBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsN/AN/A

IIFL Securities vs Upstox 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 Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.

IIFL Securities vs Upstox 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 Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity.
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