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IIFL Securities Vs Zerodha

IIFL Securities Vs Zerodha

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  IIFL Securities Zerodha
Type of Broker Full Service Broker Discount Broker
Exchnage Membership NSE, BSE, MCX NSE, BSE, MCX and NCDEX
Year of Incorporation 1996 2010
Number of Branches 900 22
Open IIFL Securities AccountOpen Zerodha Account

IIFL Securities Vs Zerodha Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Zerodha Demat Account AMC Charges is Rs 300.

  IIFL Securities Zerodha
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 300

IIFL Securities Vs Zerodha Brokerage

IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type IIFL Securities iServe Zerodha Flat Brokerage Plan
Fixed Charges NA
Equity Delivery Rs 20 per order Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Futures Rs 20 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per order Rs 20 per executed order or .03% whichever is lower

IIFL Securities Charges Vs Zerodha

Minimum Brokerage 0.03% in Intraday and F&O
Other Charges Advisory SMS - Rs 50 per month Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per call Rs 50 per executed order

IIFL Securities Vs Zerodha Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  IIFL Securities Zerodha
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 210 per Cr (0.0021%) NSE Rs 200 per Cr (0.002%)
Equity Options Rs 5100 per Cr (0.051%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures Rs 210 per Cr (0.0021%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options Rs 5100 per Cr (0.051%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 280 per Cr (0.0028%) Group A - Rs 260 per Cr (0.0026%)
Open IIFL Securities AccountOpen Zerodha Account

IIFL Securities Vs Zerodha Leverage (Margin)

IIFL Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  IIFL Securities Zerodha
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open IIFL Securities AccountOpen Zerodha Account

Compare IIFL Securities and Zerodha Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  IIFL Securities Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features Direct Mutual Funds, APIs for Algo Trading
Open IIFL Securities AccountOpen Zerodha Account

IIFL Securities Vs Zerodha Investment Options

  IIFL Securities Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options Insurance

IIFL Securities Vs Zerodha Order Type Offered

  IIFL Securities Zerodha
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open IIFL Securities AccountOpen Zerodha Account

IIFL Securities Vs Zerodha Research Report

  IIFL Securities Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

IIFL Securities Vs Zerodha Suitable For Investor Type

  IIFL Securities Zerodha
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

IIFL Securities Vs Zerodha - Pros and Cons

  IIFL Securities Zerodha
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
Cons
  1. Equity delivery brokerage is charged at flat Rs 20 per trade.
  2. It doesn't offer Direct Mutual Funds.
  3. Call & trade changes are Rs 50 per call.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
Reviews
Open IIFL Securities AccountOpen Zerodha Account
 
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