IIFL Broker - IPO JI

IIFL

IIFL

Full Service Broker

About Broker

IIFL is a leading financial service provider known for offering a wide range of services and for its well-recognized brand, known for the quality of its advice and its use of cutting-edge technology. As of October 2024, IIFL has an active client base of 4,59,546.


Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity Commodity Currency Futures Options

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

account opening

Free

account maintenance

₹250

call trade

₹20

Brokerage

equity delivery

Zero

equity intraday

₹20 per order

equity futures

₹20 per order

equity options

₹20 per order

currency futures

₹20 per order

currency options

₹20 per order

commodity futures

₹20 per order

commodity options

₹20 per order

Margins

Equity Delivery

4x As per exchange

Equity Intraday

20x As per exchange

Equity Futures

5x As per exchange

Equity Options

5x As per exchange

Currency Futures

2x As per exchange

Currency Options

1x As per exchange

Commodity Futures

3x As per exchange

Commodity Options

1x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

IIFL Markets Mobile App Trader Terminal TT Iris

Other Details

Pros

Advantages and Strengths of this broker.

Free reports are provided on mutual fund recommendations and equity research.

Personal fixed deposits are accepted as collateral for margin funding.

A dedicated relationship manager is available to assist with resolving your queries.

The platform features a well-designed knowledge center focused on investor education.

Physical branches are located in most cities to serve the needs of customers.

Cons

Disadvantages of this broker that it needs to improve upon.

IIFL's brokerage charges are higher compared to other stockbroking platforms.

Free equity delivery is available only in the Z20 plan.

While call and mail support has been prompt for normal plans, there were delays experienced for Z20 plans.

The offline procedure for account opening is time-consuming and cumbersome.


Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
free trading calls
free research
sms alerts
margin funding
margin against share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

mutual funds
ipo platform
bonds debt
exchange traded funds
insurance

Equily Charges

transaction charges

NSE:

clearing charges

--

dp charges

Sell-side, ₹ 18.5 per script

gst

18% on Brokerage + Transaction + Demat Charges

stt

0.1%

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

--

dp charge

--

gst

18% on Brokerage + Transaction

stt

0.025% only on Sell

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

NSE:

dp charge

--

gst

18% on Brokerage + Transaction + Clearing Charges

stt

0.02% only on Sell

sebi charges

₹ 10 per crore

transaction charges

NSE:

clearing charges

NSE:

dp charge

--

gst

18% on Brokerage + Transaction + Clearing Charges

stt

0.1% sell side

sebi charges

₹ 10 per crore