India Infoline or IIFL Review, Brokerage Charges, Demat A/C, Apps & more
India Infoline or IIFL or IIFL Securities is the most popular financial and investment service broker in India.
In this article, we will discuss the IIFL Review, customer ratings, brokerage charges, brokerage plans, offers, products, services, trading platforms, customer support, advantages, demat account services, trading account services, and many other features as well.
IIFL or India Infoline Customer Ratings & Review
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|IIFL Securities Ratings|
|Experience||8.8 / 10|
|Trading Platform||9.0 / 10|
|Product & Services||8.8 / 10|
|Brokerage Charges||8.2 / 10|
|Research||8.9 / 10|
|Overall Rating||8.74 / 10|
ABOUT India Infoline or IIFL
|Broker Type||Full Service Broker|
|Founder||Nirmal Jain, R. Venkataraman|
India Infoline (IIFL) was first incorporated in 1995. It is a brokerage firm of India Infoline Groups. IIFL is a fast growing financial services solution provider in India.
Equity or Commodity Broking and Research is the key offering of India Infoline. India Infoline was listed on BSE (532636) and NSE (INDIA-INFO) for security trading.
IIFL has a wide network of 4500+ branches spread over 950+ cities across India. In Oct 2012, IIFL was reported for average daily turnover of Rs 4355 crores in Equity and Rs 2254 crores in commodities.
IIFL was initially launched as the retail broking firm and launched its 5 paisa trading solution or platform. It’s 5Paisa firm offered discount brokerage charges in the stockbroking industry and also given freedom to make transactions from various traditional ways.
The company always friend to re-invent and innovate itself continuously. The stockbroking form facilitates users to trade in all types of investment options with one single trading platform.
IIFL was awarded with ‘Best Broker with Global Presence’ at the BSE IPF. IIFL also has international presence through its subsidiaries in New York, Mauritius, Colombo, Dubai, London, Singapore and Hong Kong.
India Infoline or IIFL Brokerage Charges
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The table chart provided below is detailing about IIFL brokerage charges & Fees. IIFL Securities provides multiple brokerage plans, we will discuss all of them here.
IIFL Flat Brokerage Plan
This is the Flat brokerage plan offered by the company –
|Brokerage Charge & Fees|
|Equity Delivery Trading||0.50%|
|Equity Intraday Trading||0.05%|
|Commodity Options Trading||0.05%|
|Equity Futures Trading||0.05%|
|Equity Options Trading||Rs.100 per Lot or 1% of Premium (Takes higher Amount)|
|Currency Futures Trading||0.05%|
|Currency Options Trading||Rs.100 per Lot or 1% of Premium (Takes higher Amount)|
|Minimum Brokerage||Rs.0.05 per Share|
|Demat AMC Charges||Free or Rs.400 + GST per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.10,000|
|Brokerage Calculator||IIFL Brokerage Calculator|
The financial service provider is the top most company of India. It offers various trading and investment products to the customers at minimal brokerage charges.
It’s brokerage charges for equity delivery trading is 0.50% and for equity intraday trading, commodity options trading, equity futures trading and currency futures trading is 0.05%.
Moreover, the company charge Rs.100 per Lot or 1% of Premium (Takes higher Amount) for equity options and currency options trading.
Apart from that, the stock broking house charges Rs.400 yearly for account maintenance and trading account maintenance is free. And margin money of Rs.10,000 is also taken from customers for security.
IIFL Securities Variable Brokerage Plan
Along with this Flat Brokerage Plan, IIFL Securities also offer Veriable Brokerage Plan –
- Intraday (both sides) – 0.02% to 0.05%
- Delivery – 0.15% to 0.60%
- Futures (both sides) – 0.02% to 0.05%
- Options (both sides) – ₹100 per lot or 1% to 2.5% of the premium, whichever of the two is higher
The variable brokerage plan depends on the volume of trade transactions done during the month. If you trade more, you will get lower brokerage rates & if you trade in low volumes, you will pay higher brokerage charges.
IIFL Securities Advanced or VAS Brokerage Plans
This is the 3rd type of brokerage plan that the company offer, also known as Value Added Subscription Plan. If you subscribe to this plan, you will pay upfront & it is non-refundable.
The benefit these plan provides is, they are cheap compared to all other plans.
|Subscription Plan||Default Plan||2500 VAS||5000 VAS||10000 VAS||15000 VAS|
|VAS Subscription (Rs.)||Nil||2500||5000||10000||15000|
|VAS + Serv. Tax (Rs.)||2875||5750||11500||17250|
|Account Opening Fee||Rs.750||Nil||Nil||Nil||Nil|
|Intraday – Each Leg||0.05%||0.04%||0.03%||0.03%||0.02%|
|Futures – Each Leg||0.05%||0.04%||0.03%||0.03%||0.02%|
|Options – Each Leg (Higher Value)||Rs.100 per lot or 1% of Premium||Rs.90 per lot or 1% of Premium||Rs.80 per lot or 1% of Premium||Rs.70 per lot or 1% of Premium||Rs.60 per lot or 1% of Premium|
|Minimum Brokerage per Share||0.05||0.05||0.05||0.05||0.04|
|Validity Period||12 Months||12 Months||12 Months||12 Months||12 Months|
Apart from these, there are few more VAS Plans with even lower brokerage.
|Subscription Plan||25000 VAS||45000 VAS||75000 VAS||1 Lakh VAS|
|VAS Subscription (Rs.)||25000||45000||75000||100000|
|VAS + Serv. Tax (Rs.)||28750||51750||86250||115000|
|Account Opening Fee||Nil||Nil||Nil||Nil|
|Intraday – Each Leg||0.02%||0.01%||0.01%||0.01%|
|Futures – Each Leg||0.02%||0.01%||0.01%||0.01%|
|Options – Each Leg (Higher Value)||Rs.60 per lot or 1% of Premium||Rs.50 per lot or 0.50% of Premium||Rs.25 per lot||Rs.20 per lot|
|Minimum Brokerage per Share||0.03%||0.01%||0.01%||0.01%|
|Validity Period||12 Months||12 Months||12 Months||12 Months|
Here are all the brokerage plans offered by the the broking house.
IIFL or India Infoline Charges
The table chart provided below is giving the entire details regarding IIFL Other Charges –
|IIFL Securities Other Charges|
|Transaction Charges||0.00325% of Total Turnover|
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
Apart from brokerage charges, the company levy some other sort of charges as well.
The other charges of company includes- 0.0325% of total turnover as transaction charges, 0.0126% of total turnover as STT, 0.0002% of total turnover as SEBI charges, stamp duty charges depends on state and 18% of brokerage + transaction charges as GST.
All these charges are customized as per the market value which won’t affect your investment returns.
|Equity Delivery||NSE: 0.00325% | BSE: 0.00325%|
|Equity Intraday||NSE: 0.00325% | BSE: 0.00325%|
|Equity Futures||NSE: 0.0021%|
|Equity Options||NSE: 0.051% (on premium)|
|Currency Futures||NSE: 0.0021%|
|Currency Options||NSE: 0.051% (on premium)|
Along with the Transaction Charges mentioned above, below table provides transaction charges for each segments.
IIFL Securities DP Charges
Here are the DP charges levied by IIFL
|IIFL Securities DP Charges|
|IIFL Securities DP Charges||0.04% of the transaction value (₹25 cap)|
|CDSL DP Charges||₹ 5.50|
|NSDL DP Charges||₹ 4.50|
India Infoline or IIFL Demat Account Opening Charges
IIFL is a highly renowned financial service providing firm located in Mumbai, Maharashtra. It is serving investors for years. The table provided below is showing the details regarding IIFL account opening charges –
|Depository Source||NSDL & CDSL|
|Account Opening Charges – Demat||Free|
|Account Opening Charges – Trading||Free|
|Demat AMC Charges||Free or Rs.400|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.10,000|
|Offline to Online||Yes|
As being a stockbroking firm, the company’s depository source is NSDL and CDSL. The broking house charges are Free for demat account & trading account opening.
And also charge margin money of Rs.10,000 from investors Minimum Margin.
IIFL Securities do not charge Demat AMC for 1st year but from 2nd year onwards Rs.400 annually is charged towards demat account maintenance.
The best part about the broking house is it offers offline to online options for trading and making investment decisions.
How to open a Demat Account with IIFL or India Infoline?
Having a demat account is extremely necessary for trading. It helps to protect shares and stocks. If you’re looking forward to opening up a demat account with IIFL Securities, follow the steps given below-
- Click on the the link here – Click Here
- After that, you will be required to fill up all the basic details accurately.
- Then you will get call from IIFL executive.
- Once you verify the OTP, you will be required to fill a paperless account opening form.
- After filling it click on to submit button and upload KYC documents including- PAN card, canceled check, address proof, age proof, aadhaar card and photograph.
- Once you submit all the documents successfully, you will get a call from company executive for further processing.
After the complete verification process, you will be able to use your demat account with ease.
Why Open IIFL Trading Account?
Trading account is extremely important for trading. As demat account enables users to only safeguard shares but trading account helps in the entire investment process.
The company usually charge some fees for opening up a trading account but also offer some flexible benefits to the users.
Here is why one should open a trading account with IIFL stock broking company-
- It offers fast speed trading and allows users to view on top 500 stocks.
- Offers multiple trading solutions including- next-generation trading terminals, IIFL markets mobile app and TT Web trading terminal as well.
- It’s research team provide users in-depth analysis of stock and research reports as well.
- Ultimately, the company is good at providing great trading experience to the users.
IIFL / India Infoline Offers
The table given below is providing the information regarding the IIFL offers –
|Free Demat Account||Yes|
|Free Trading Account||No|
|Discount on Brokerage||No|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
The IIFL retail stockbroking house is good at providing multiple offers regarding investments and trading to all its users.
The company offers the whole spectrum of services and products in order to greatly satisfy users and investors. The IIFL company has gained popularity in the stock market for its better investment product offering.
The trading offers offered by the company usually assists users to make wise investment decisions. Here is the quick list of offers provided by the broking house given below-
- The broking house allows users to open up a free demat account.
- It is also good at providing flexible brokerage plans to users.
- Most importantly, convenient referral offers are also provided to users for more convenience and satisfaction.
IIFL Securities or India Infoline Products & Services
Find the list of Products & Services offered by the Stock Broker –
India Infoline Products
The entire table chart given below is detailing the products offered by the company to its investors –
The stockbroking house offers wide-ranging financial services to customers with huge convenience and satisfaction. It believes that achieving the financial goals of the users is their main objective.
It is basically good at providing financial services and trading products. It’s customized products help users to achieve financial goals and objectives with ease. Users can also make effective investment decisions with the assistance of the company and its products as well.
The stockbroking company normally enable users or traders to trade online with cost-effective products and services. Moreover, with flexible trading products, the broking house does provide a lot of support and trading-related reports for more convenience.
Users can surely have a seamless experience with the India Infoline. Here is the quick list of products offered by the company are as follows-
- Equity trading.
- Commodity trading.
- Currency trading.
- Mutual funds.
The products mentioned above are offered by the stockbroking house to its customers at nominal brokerage charges. All the IIFL products have a good life span and can be used for trading easily.
The company usually customize trading and financial products according to the requirements of the users. Also, the company has a team of support executives to provide support anytime to the customers.
IIFL Securities Services
The table given below is providing the details regarding the services of India Infoline –
|3 in 1 Acount||No|
|Trading Exposure||Upto 10x|
The stockbroking house offers excellent services to the users to satisfy customers to a great extent. The services offered by the stockbroking group are listed below-
- Demat Services
- Trading Services
- Intraday Services
- IPO Services
- Stock Recommendations
- PMS ( Portfolio Management Services )
The company offers tailor-made services to all of its investors. It is normally known in the market for its portfolio management service module.
Its PMS module helps users or investors to make an effective investment decision. With this service, users can easily track the status of their investment portfolios. Moreover, they can also get assistance from the company executives to maintain a robust investment portfolio.
IIFL offers quality-made services with effective customer support for huge convenience and ease. It’s qualitative offerings and payment options normally lead to customer satisfaction.
Users can make use of their portfolios online with a huge convenience. The company is good at serving technology-enabled trading as well as demat account to all its customers.
For any type of query, the company provides expert support and technical support. They also assure users with analytical and flexible stock research reports that can help in making the right investment decision.
However, customers also get intraday, depository and IPO services from the company for better and effective trading.
IIFL or India Infoline Research & Advisory
The table given is detailing about IIFL Research & Advisory –
|Research & Advisory|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
|Daily Market Review||Yes|
IIFL is one of the biggest and highly renowned stock broking companies available in the country. It avails qualitative services and products for its customers.
The research and advisory tips offered by the company to its customers namely, fundamental reports, research reports, company reports, annual reports, IPO reports, monthly and weekly reports as well.
With these reports, users can easily analyze the performance of their portfolio and also have good trading experience as well.
Moreover, the company also offers offline advisory, daily market review and company stock review for huge satisfaction.
The company to provide the availability of relationship manager to support customers for any financial or trading related issue.
India Infoline or IIFL Exposure / Leverage
The table provided below is giving the entire details of IIFL exposure –
|Exposure / Leverage|
|Equity Delivery||Upto 3x|
|Equity Intraday||Upto 20x|
|Equity Futures||Upto 3x|
|Equity Options||Upto 3x on shorting|
|Currency Futures||Upto 2x|
|Currency Options||Upto 2x on shorting|
|Margin Calculator||IIFL Margin Calculator|
The broking house generally provides leverage or exposure upto 20x. Moreover, it is good at providing the highest leverage in equity intraday, currency futures, and commodities.
IIFL or India Infoline Trading Platforms
IIFL (India Infoline) is one of the biggest retail stockbroking companies available in Mumbai, India. It is a full-service broking firm offering financial products and services to the investors since 1995.
Along with financial products and services, the company thought to provide solutions for easy and seamless trading. It has launched trading platforms that provide huge convenience and satisfaction to the users or investors.
The detailed overview of trading platforms is given below –
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
Here are the most important trading platforms of IIFL –
IIFL Markets App – India Infoline Mobile App
IIFL Markets is the most popular and highest rated trading application available in the country. Smartphone users can access its features with ease and convenience.
With the mobile application, users can trade easily anywhere and anytime. Basically, it offers a great trading experience to the users.
The application is available on google play store and more than 13500 employees are using it. It is a highly rated trading mobile application among all the apps.
With this application, users can experience the full functionality of the trading engine, financial website, and TV on a smartphone easily.
The features of IIFL Markets mobile app are listed below-
- Offers customizable watch list- users can have multiple varieties of watchlist in BSE, NSE, NCDEX, and MCX.
- The app is designed with an advanced dashboard for currencies, commodities, and indices.
- Users can quickly view on top 500 stocks through IIFL ( India Infoline ) research team.
- They can have quick access to currency, equity and commodity markets.
IIFL TT.EXE – IIFL Trading Terminal
It is designed for high volume equity traders or Day-traders. Trader Terminal provides you high volume trading with very powerful interface and fast order execution.
Basically, the TT edge is a next-generation trading platform that allows users to become a smarter trader. This platform or trading terminal usually provide ease and flexibility in the navigation process, offers fast speed and superior charting as well.
Below are few features of trader terminal:
- It has the facility to place after-market orders.
- Transfer of funds online facility from leading Banks including HDFC, ICICI, CITI and UTI banks is possible.
- Online intra-day technical calls.
- Fast-trade execution facilities with instant trade confirmation.
- Live streaming quotes and price watch on any number of stocks.
- Intra-day charts, updated live, tick-by-tick.
- Updates on Live margin, positions, marked-to-market profit and loss reports.
- Price alerts on any number of scrips.
- Facility to customize any number of portfolios & watch lists and various screen layout and setting.
- Options to cancel all the pending orders at 1-click.
- Facility to square-off all the transactions at 1-click.
- Reports on Top Gainers, Top Losers, Most Active, updated live.
- Provides you Index information, index chart, index stock Live information, etc.
- Great Market depth, that is, Best 5 bids and offers, updated live for all stocks.
TT Web Trading Platform – IIFL Online Trading Platform
TT web is a web-based trading platform allow users to trade in various stocks. It is actually designed with the combination of advanced technology as well as world-renowned research at a single click to easily analyze, view and accomplish at fast lightning speed.
The features of TT Web trading platform are listed below-
- Requires basic internet connection.
- Allows users to invest in various stocks.
- Makes the trading process easy and seamless.
- Designed with advanced technology.
IIFL or India Infoline Customer Support
The table chart given below is providing the entire details regarding IIFL Customer Support –
|Toll Free Number||1800 3000 1155|
IIFL stock broking house is normally serving investors or traders for years. It has provided qualitative and effective services to satisfy people greatly.
It’s trading and financial services have gained huge popularity in the stock market. They provide flexible and convenient products and services for which investors often look for.
Apart from trading related products and services, the company also provide effective customer support. Customers of the stockbroking house are allowed to lodge any of their queries and complaints regarding trading.
As the company has availed various services for its customers. So far, the company provides the availability of a dedicated dealer who can assist investors during investing and trading as well.
The stockbroking house has also availed the facility of chat and email support through which clients can easily resolve any of the queries related to the investment.
Moreover, the toll-free number is also available so that they can get any kind of information regarding trading on call.
Also, the stockbroking house has around 120 branches all over India through which customers can physically resolve their queries. All they need is to visit any nearby branch for resolving queries.
India Infoline or IIFL Complaints ( last year )
The table chart provided below is giving information regarding India Infoline Complaints –
|Complaints (Current Year)|
|Lodged in BSE||145|
|Resolvd in BSE||122|
|Lodged in NSE||214|
|Resolved in NSE||212|
As being a highly renowned and popular stockbroking house, the company has performed extremely well in the stock market. It has offered effective products and services for flexibility and convenience of the customers.
According to the table given above, the broking house has resolved almost 95% of complaints and also given immediate feedback to the clients.
But it requires more improvement to be in the top list of the stockbroking companies.
IIFL Securities or India Infoline Disadvanatges
IIFL is the top notch and highly known financial and trading services providing firm. Its main aim is to satisfy people by providing flexibility in trading and investment services.
Apart from the advantages, the stockbroking house has some sort of disadvantages also which are given below-
- The stockbroking house is only suitable for online trading services, as it does not offer offline services to its customers.
- The broking house also does not enables customers to open up a 3 in 1 account for flexibility and ease. It only offers trading and demat account opening services.
- It does not offer brokerage and margin calculator also.
India Infoline or IIFL – Conclusion
IIFL is a stockbroking firm considered in the top-notch financial service provider across Indian. It is good at providing effectively customized investment products and services for the huge satisfaction of the customers.
It is the right platform for having impressive and affordable trading services. It’s customer support is also very well-structured and useful, users can make use of it anytime to resolve their queries.
If you are really in search of any financial service offering firm, go for IIFL stockbroking in order to satisfy your financial needs.
Usually, the company customizes products as per the needs of the customers or investors. You can visit the company’s website to know more about its services and products.
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