Saturday, November 26, 2022

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

  • IIFL Securities provides free research and reports.
  • Wide range of products to use.
  • For margin funding IIFL Securities accept FD as collateral.
  • Physical presence through branches across India and abroad.

Cons

  • IIFL Securities charges high brokerage compare to peers.
  • Minimum brokerage is very high
  • Mutual fund option has limited options such as Regular plan

Additional Features

Extra features provided by the broker at little or no extra cost.

 3 in 1 Account

 Free Trading Call

 Fee Research Report

SMS Alerts

 Margin Funding

Margin Against Share

More Investment Options

Services provided by the broker for investing in other financial assets.

 Mutual Funds

 IPO

 Bond and Debt Assets

ETFs

Insurance