IIFL Securities vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
IIFL Securities vs Zerodha Account Opening Charges: 2024
| Charge | IIFL Securities | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹750 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹400 per year | ₹300 per year |
IIFL Securities vs Zerodha Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | Zerodha |
|---|---|---|
| Plan Name | Flat Plan (FBP) | Flat Brokerage Plan |
| Equity Delivery | 0.50% | ₹0 (Free) |
| Equity Intraday | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
IIFL Securities vs Zerodha Margin / Exposure: 2024
| Segment | IIFL Securities | Zerodha |
|---|---|---|
| Equity Delivery | Upto 3x | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 20x (based on the stock) |
| Equity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Upto 2x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Upto 2x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |