IIFL Securities
IIFL Securities is a leading financial service provider. They offering a wide range of services and having a well-recognized brand for the quality of its advice and the use of cutting-edge technology.
Product Basket
The segments in which you can invest through this broker
Equity
Options
Currency
Futures
Commodity
Trading Platforms
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.
IIFL Market Mobile App
Trade Terminal
TT Iris
Charges
Account Opening Charges – Free
Account Maintenance Charges – ₹250
Call and Trade – ₹20
Brokerage Charges
Equity Delivery – Zero
Equity Intraday – ₹20
Equity Futures – ₹20
Equity Options – ₹20
Currency Futures – ₹20
Currency Options – ₹20
Commodity Futures – ₹20
Commodity Options – ₹20
Margins
Equity Delivery – 4x
Equity Intraday – 20x
Equity Futures – 5x
Equity Options – 5x
Currency Futures – 2x
Currency Options – 1x
Commodity Futures – 3x
Commodity Options – 1x
Pros
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IIFL Securities provides free research and reports.
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Wide range of products to use.
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For margin funding IIFL Securities accept FD as collateral.
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Physical presence through branches across India and abroad.
Cons
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IIFL Securities charges high brokerage compare to peers.
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Minimum brokerage is very high
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Mutual fund option has limited options such as Regular plan