IIFL Securities Review
Overview
IIFL Securities is a full-service stockbroker and has been in operation since 1995. It’s part of IIFL Group, which offers widely varied services; this company has established itself as an excellent brand for quality advice from qualified professionals who are constantly using advanced technology.
IIFL Securities offers online trading and a wide range of research-based advisory services related to stocks, derivatives, commodities, insurance products, fixed deposits (FDs), loans and bonds.
IIFL offers one simple flat rate brokerage plan. This discount brokerage offers a trading rate which is fixed at Rs 20 per executed order across all securities including equity delivery.
IIFL Securities also offers NRI trading and investment services because they have a local presence in Colombo, Dubai, New York, Mauritius, London Singapore and Hong Kong.
IIFL Securities Account Opening Charges
Annual Charges | Investor plan | Premium Plan | Super Trader Plan |
Account opening charges (one-time) | ₹ 0 | ₹ 0 | ₹ 0 |
First-year annual maintenance | ₹ 0 | ₹ 0 | ₹ 0 |
Annual maintenance (from 2nd year) | ₹ 250 | ₹ 250 | ₹ 250 |
IIFL Securities Brokerage Charges
The brokerage plan offers the following by the company:
Plan | Investor Plan | Premium Plan | Super trader Plan |
Monthly subscription margin | ₹ 0 | ₹ 0 | ₹ 999 |
Equity delivery % | 0.25% | 0.50% | 0.10% |
Equity intraday /Futures (per lot) | 0.025% | 0.05% | 0.01% |
Nifty options (per lot) | ₹ 25 | ₹ 50 | ₹ 10 |
Stock/Bank nifty options | ₹ 25 | ₹ 50 | ₹ 10 |
Commodity, currency trading | 0.025% | 0.050% | 0.015% |
Currency options (per lot) | ₹ 8 | ₹ 10 | ₹ 5 |
Currency futures (per lot) | ₹ 20 | ₹ 25 | ₹ 15 |
Commodity Options (Per lot) | |||
Gold | ₹ 125 | ₹ 150 | ₹ 80 |
Sliver | ₹ 80 | ₹ 100 | ₹ 50 |
Crude oil | ₹ 80 | ₹ 100 | ₹ 50 |
Copper | ₹ 65 | ₹ 80 | ₹ 50 |
Zine | ₹ 65 | ₹ 80 | ₹ 50 |
Gold mini | ₹ 10 | ₹ 15 | ₹ 5 |
Customers of the financial service provider are provided with a variety of trading and investment products while they pay minimal brokerage charges.
IIFL Securities Margin Exposure
IIFL Securities offers up to 20% of the trade value as a margin for intraday trading. The IIFL Securities F&O (Futures and Options) has an equivalent 1.3x leverage based on equity, currency, and commodity trades at BSE, NSE, and MCX respectively with no additional margins offered for carrying forward positions or delivery trades in stocks.
Segments | Margin | Leverage |
Equity intraday | Up to 20% of trade value | 5x |
Equity delivery | 100% of trade value | 1x |
F&O (Commodities, Equity, Currency) | 100% of NRML margin (Span + Exposure) | 1x |
Other Charges
SEBI turnover charges | 0.00005% (₹5/crore) |
STT |
|
Stamp duty |
|
Margin funding charges | 75% margin |
GST | 18% on Brokerage, Transaction Charge, and SEBI fee. |
Account closure charges | ₹ 20 per instruction |
Reactivation charges | ₹ 20 per instruction |
Pledge creation | ₹ 10 |
Dematerialisation charges | ₹ 15 per certificate |
Pledge invocation | ₹ 15 |
Margin repledge | ₹ 12.5 + ₹ 25 (₹ 37 per scrip) |
Margin pledge/unpledge/Pledge closure | ₹ 15 |
In addition to brokerage charges, the company levies other fees as well.
The other charges of the company include – 0.0325% of total turnover as transaction charges, 0.0126% of total turnover for STT, Rs 5 per crore for SEBI (Securities and Exchange Board of India) Charges, stamp duty charge depending on the state and 18% in brokerage plus transaction charges.
All of these charges are customized based on the needs of each market, which won’t affect your investment returns.
Segments | Transaction Fees |
Equity delivery | ₹ 225 per crore (0.00225%) |
Equity futures | ₹ 210 per crore (0.0021%) |
Equity options | ₹ 5100 per crore |
Equity intraday | ₹ 225 per crore (0.00225%) |
Commodity | Group A – ₹ 280 per crore (0.0028%) |
Currency futures | ₹ 210 per crore (0.0021%) |
Currency options | ₹ 5100 per crore (0.051%) (on premium) |
IIFL Securities Products & Services
IIFL PRODUCTS
The table below provides a detailed overview of the products offered by this company to its investors.
Commodity trading | Yes |
Equity trading | Yes |
Currency trading | Yes |
Futures | Yes |
Options | Yes |
Forex | Yes |
Mutual funds | Yes |
Insurance | No |
SIP | Yes |
Banking | No |
The stockbroking house strives to offer its customers a wide range of financial services, with total convenience and satisfaction. They believe that it is the ultimate goal for them to help the user achieve their financial goals.
Providing financial iifl services and trading products, it is a good company for helping people achieve their goals. Customized products are tailored to help you meet your objectives in an easy way.
The stock brokerage company typically enables users or traders to trade online by providing cost-effective products and services.
Moreover, with our flexible trading products, we can provide a lot of support and trading-related reports to make it even easier.
IIFL SECURITIES SERVICES
Services | Investor Plan | Premium Plan | Super Trader Plan |
Research report | Yes | Yes | Yes |
Intra-day calls | Yes | Yes | Yes |
Market guru seminars | No | Yes | Yes |
Trader terminal EXE | No | Yes | Yes |
Dedicated RM | No | Yes | Yes |
Analyst/ Investment advisor meetings | No | Yes | No |
The company offers tailored services to all of its investors. It is generally well-known in the market for its portfolio management service module.
With Its PMS module, users can make an effective investment decision. The service is also compatible with tracking the status of your investment portfolios and helps you to invest wisely.
Not only that, but they can also get help from the company executives to maintain an effective investment portfolio.
IIFL provides high-quality services with reliable customer support for huge convenience. They also offer qualitative offerings and payment options, which are usually met with satisfaction from their customers.
With the help of their online portfolios, users can enjoy colossal convenience. Additionally, they are good at serving technology-enabled trading and Demat accounts to all its customers.
The company provides customer support and technical assistance for any type of query. They also help customers with calculating stock research reports to make the correct investment decision.
IIFL Securities Of Trading Platform
Along with the company’s financial products and services, it provides easy trading solutions. The result of this was its launching of platforms that provide huge convenience and satisfaction to users or investors.
This detailed overview of the best trading platforms is given below:
Desktop platform – Window Desktop platform – Mac | Yes Yes |
Desktop browser platform | Yes |
Mobile site platform | Yes |
Android app platform | Yes |
Other mobile OS platforms | No |
Real-time updates | Yes |
Portfolio details, | Yes |
Online MF buy | Yes |
News flash | Yes |
Research reports | Yes |
Easy installation | Yes |
Global indices | Yes |
Stock tips | Yes |
Personalized advisory | Yes |
Interactive charts | Yes |
Live markets | Yes |
Windows app platform | No |
IOS app platform | Yes |
SMS alerts Email alerts | Yes Yes |
Multi-account management | Yes |
Here are some of the most important platforms for IIFL:
IIFL Market App – Mobile App
IIFL Markets is the most popular trading application available and it’s easy to use. For smartphone users, access to its features will be effortless, efficient and convenient.
The mobile application offers users a great trading experience and lets them trade anywhere, anytime.
This application is available on the Google Play store, and more than 13500 employees are using it. It also has great ratings among all the other trading mobile apps.
With this app, users can take full advantage of the trading engine, financial website and TV on a smartphone easily.
Here are some of the features of the IIFLmobile app-
- Customizable watch lists-users can maintain multiple watchlists in BSE, NSE, and MCX.
- The app is designed with a powerful dashboard for currencies, commodities, and indices.
- The IIFL research team offers a quick view of the top 500 stocks.
- They can trade in currency, equity and commodity markets quickly.
IIFL TT.EXE – Trading Terminal
It is well-designed for high-volume equity traders or day traders. IIFL Trader Terminal provides fast order execution with a user interface that’s compelling and easy to use.
The TT edge is a next-generation trading platform that empowers users to become smarter traders.
The following iifl trading platform usually offers a seamless navigation process and speedy loading speeds, with superior charting.
Here are some features of the trader terminal:
- This has the ability to place after-market orders.
- Transfer money online from leading banks such as HDFC, ICICI, CITI and UTI.
- Online intraday technical analysis calls.
- Execution facilities with instant trade confirmation.
- You can view streaming quotes and watch price changes on any number of stocks with live streaming content.
- Live intraday charts, updated tick-by-tick.
- Updates on live margin, positions, mark-to-market profit and loss reports.
- Alerts for every iifl price change on any number of scrips.
- There are many ways to customize the information you see on your portfolio, watchlist, and various other settings.
- One-click options to cancel pending orders.
- It is a facility to square off all the transactions with one click.
- Reports on the top gainers, the most active, and live updates.
- The Index provides you with index information, an index chart, and livestock information.
- Great market depth, the best five bids, and offers are updated live for all stocks.
TT Web Trading Platform – Online Trading Platform
TT iifl web is a web-based trading platform that offers users the ability to trade in stocks.
It combines advanced technology and world-renowned research at a single click to analyze, visualize, and complete tasks quickly.
Below are the features of the TT Web trading platform-
- Requires a basic internet connection.
- Users can invest in various stocks with this service.
- The trading process is easy and seamless with these apps.
- With advanced technology, it’s designed.
If you have an iifl account with TT Website, you can download the TT Mobile App and start trading right away. With a mobile application, you are able to trade multiple assets simultaneously.
The Intuitive and Feature-Rich iifl Trading App Provides the best-integrated trading experience with other brokers like IIFL securities.
TTExe – TTExe is an app that allows you to trade stocks and iifl shares while sitting in your office. It accesses all segments and provides features like live streaming market movements, advanced charts, and trading tips. All of these can be accessed with TTExe on a PC or the web browser TTWeb.
OUTPUT: In most cases, one study has shown that about 60% end up making more than 20 times their investment over five years when investing through this platform
IIFL MF App – The app is designed for people who invest exclusively in Mutual Funds. The app includes the following functions: trading and tracking MFs, integration with Share Market to see how different markets are doing, portfolio assessment tools (for example seeing if a particular sector or country index has gone up), and sharing relevant industry news that you may be interested in.
IIFL Securities Advantages & Disadvantages
Advantages of IIFL Securities
IIFL Securities have many advantages, like IIFL Securities pros and cons. This can help you decide if it is a good fit for your iifl investment needs.
- The company has a network of branches across India and offers full service as well.
- The flat rate for brokerage on deliveries, intraday traders, and stock futures is ₹20 per trade at BSE / NSE / MCX.
- Free equity and MF research/recommendations.
- Trader Terminal is a top-of-the-line advanced trading platform.
- It offers trading in equity, commodities, and currencies on the same platform.
- IIFL offers Equity Systematic Investment Plan (Equity SIP).
- Offer advanced order types like Valid Until Date (VTD) orders.
- The RM will be assigned to every account for in-person trading advisement and assistance.
- Offer a wide range of financial products such as stocks, derivatives, bonds, IPOs, and MFs’ Corporate FDs.
- IIFL Securities is publicly-traded and listed on the BSE and NSE.
Disadvantages of IIFL Securities
IIFL is a top-notch and well-known financial service providing firm. It aims to satisfy people by providing flexible trading and investment services.
Apart from the benefits, the stockbroking company also has some disadvantages, which are given below:
- This brokerage house only offers online trading services, so it does not offer offline services to its customers.
- The broker’s house doesn’t enable customers to open up a 3 in 1 account for flexibility, but instead, it offers only trading and iifl Demat account opening services.
IIFL Securities: Final Thought
IIFL is a top-notch provider of financial services across India. They are experts at providing customized investment products and services for the satisfaction of their customers
It is the right platform for trading that can be both affordable and impressive. Their customer support is also very well-structured and helpful, so users are able to contact them anytime they need help with their queries.
IIFL stockbroking should be your first choice if you are looking for any financial service provider.
IIFL offers a modern portfolio with rich features and advanced facilities, providing investors with an individualized trading experience.
The stock trading platform equips Algo trading techniques that make the most of manual actions by shifting them to automated responses.
When it comes to products, IIFL securities offer you the chance for global investing. They also provide multiple tradable and investable products for domestic investors as well.
