About Broker
IIFL is a prominent financial services provider renowned for its extensive range of offerings, trusted brand, high-quality advice, and adoption of advanced technology. As of February 2024, IIFL has an active client base of 437,829.
Product Basket
The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.
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
Account Maintenance
Call Trade
Brokerage
Equity Delivery
Equity Intraday
Equity Futures
Equity Options
Currency Futures
Currency Options
Commodity Futures
Commodity Options
Margins
Equity Delivery
Equity Intraday
Equity Futures
Equity Options
Currency Futures
Currency Options
Commodity Futures
Commodity Options
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.
Other Details
Pros
Advantages and Strengths of this broker.
- ⮚Complimentary reports are offered on mutual fund recommendations and equity research.
- ⮚Personal fixed deposits can be used as collateral for margin funding.
- ⮚A dedicated relationship manager is assigned to help address your queries.
- ⮚The platform includes a well-structured knowledge center aimed at investor education.
- ⮚Physical branches are available in most cities to cater to customer needs.
Cons
Disadvantages of this broker that it needs to improve upon.
- ⮚IIFL's brokerage fees are relatively higher than those of other stockbroking platforms.
- ⮚Free equity delivery is exclusively offered in the Z20 plan.
- ⮚While call and email support has been efficient for standard plans, delays have been reported for Z20 plans.
- ⮚The offline account opening process is lengthy and inconvenient.
Additional Features
Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.
Additional Features
Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.