IIFL Securities Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out detailed IIFL Securities Review here. Unlock your trading potential with 28-year experience in IIFL securities, your trusted partner in the finance world.

Under the leadership of IIM-A alumnus Nirmal Jain, the financial conglomerate is rolling assets of 1 Lakh crore in the present market.

In addition, IIFL Securities Review is quite positive in the market & has helped them achieve a 25 Lakh client base.

IIFL Securities charges an affordable amount to clients with a target of exceptional value and customer service.

Why Trade or Invest with IIFL Securities?

IIFL Securities is considered one of India’s largest retail brokers, with a wide-level presence with 2900+ branches.

Apart from this, you open an ocean of opportunities while logging in to the IIFL Securities account. Here are a few reasons to invest in IIFL Securities:

80% accuracy in suggestions: Very few brokerage houses have an in-house analytics body like IIFL.

In addition, the company received Best Market Analyst Award for excellent strategy and development. The firm claims 80% accuracy in recommendations.

Excellent tech support: Customer-friendly tech bodies and other platforms support beginners like a pro. You can start trading anytime with any device.

Profit-making plan/portfolios: You have a wide range of product portfolios with personalized advisory solutions. So, it influences customers from all stages (beginner, pro) to invest.

As an investor or trader, the concept of price is vital before starting the journey. However, as a two-decade-old company, IIFL Securities Brokerage is competitive and transparent. Conveniently, there are no DP charges in equity options, equity traders, and intraday tradings.

However, traders must pay iValue brokerage of 0.025% for intraday equity transactions and 0.25% for equity delivery. In addition, you have to count govt levies like GST, STT, and stamp charges.

Also, IIFL offers a free AMC for new traders for one year. After that, the AmC cost is Rs.250+ GST.

IIFL Securities Calculator

Calculate Brokerage Charges of IIFL Securities.

How to Open IIFL Securities Demat Account?

Start your investment journey with a free IIFL Securities demat account and get a free one-year AMC offers.

Whether you are a minor, a resident individual, NRI, a trust, or a corporate entity, IIFL has trading chances for all.

For online, fill out the demat account form provided below with basic details (like name, mobile number, city and email). You will receive an OTP & then submit the form.

Post that, you will receive a call from IIFL executive, and they will share an account opening link with you.

After that, fill out the information in the EKYC and get verified documents from Relationship Manager via phone. It will take 24 hr but get ready with id proof, residential proof, and bank details.

If you want to apply offline, visit the branch or call 080-66719101 to get help from their personnel.

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IIFL Securities App and convenient trading platforms are designed to fulfill the needs of various investors. Moreover, account holders will get detailed information and performance analysis.

You have some user-friendly options like:

• Mobile and tablet-friendly app Apple Store and Android Store
• IIFL traders terminal is desktop-friendly set up to get real-time quotes and comparison
• Browser-based web trading platform is perfect for active traders

In addition, IIFL TTIRIS is another advanced trading terminal for a new generation.

The IIFL Securities review is expected to get positive answers for its well-regarded apps and other powerful platforms.

Moreover, these platforms help traders with informed decisions and execute trading operations smoothly.

As a financial conglomerate, the company has 50 Lakh downloads in the Google Play store, which reflects its brand value.

Traders will get various financial products like equity to commodity or currency to IPO under one system. So, you can start trading in various platforms as per your requirements —

IIFL Markets App

Give your money wings without boundaries with IIFL Apps. The App has fast and user-friendly service in both Apple and Android markets.

Furthermore, millions of users and favorable reviews prove its service. You’ll get some unique features while logging in —

• AI support and algorithm-driven analysis, recommendations
• Get the recommendation section ‘Superstart Portfolio'( secret choice of Big bulls like Rakesh Jhunjhunwala)
• Help to pick healthy products
• Invest in global stocks — US market monitoring
• One-tap charts and analytics
• 500+ stock reports with rapid updates
• Stop loss system for risk management
• Open High Low Close data service for productive buy or selling decision

IIFL Webpage

If you want to experience a global-standard trading tour — IIFL Secruties’ webpage is one of the convenient options.

In addition, traders will enjoy this desktop-friendly platform on mobile or tablets. So, open an account in 5 minutes and enjoy these advantages —

• Enjoy multiple products under one umbrella, from Equity to MF or F&O to IPO
• User-friendly charts for quick understanding
• Market summary and valuable insights from the research team
• Faster reload and rapid transaction with powerful tools
• Hundreds of graphs and indicators
• Support from the largest options platform like Sensibull

IIFL Trader’s Terminal

It’s additional support for decision-making time for beginners or mid-level traders to play like an expert. Moreover, the data-driven platform has some advantages—

• Advanced analytical platform
• Customized charting and filter option
• Optimize your portfolio to reduce the possibility of loss

Traders API

Traders can make their own integrated platform with IIFL’s free Application Programming Interface or API. So, traders can customize their terminals as per their trading patterns.

Arrange and personalized terminal, as per the trading pattern:

• It’s free and fast
• Access set of scrips or fetching the market feed
• Additional Powerful tools to support traders
• Arrange trade book, holdings, DP holdings, order requests, and net position
• The algorithmic trading system as per your interest
• Quick access to historical data for new market feeds

In addition, IIFL has some external tools to provide a top-notch experience for traders.

• Get all your primary investments under Oneup. Enjoy supporting the tool with additional benefits or successful evaluation.
• Gemrush helps traders with a real-time stock recommendation
• NOVA is helpful in customized algo trading and advisory solutions — arrange your own set-up as per need.
• Tax-efficient support from ETFy

The Economic Times ‘Best Brand’ winner, IIFL Securities, offers a long range of products for traders.

Moreover, the brokerage house has some attractive plans for investors to make their entry easy without major investment. Also, IIFL has an ample number of free tools, plans, and platforms.

• Traders can invest in equity, derivates, IPOs, Commodities, and currencies
• Join iValue, iPrime or iInvest
• Free demat account with one year of free AMC support
• A flat fee of Rs.25 per order of equity options
• Intraday offers and equity futures come with a 0.025% brokerage value

IIFL Securities SWOT Analysis

Here is the detailed SWOT Analysis on IIFL Securities.

Strength

• Strong branch network and thousands of franchise coordination
• 80% accuracy in stock ideas and higher EPS (TTM) for the last few years
• Growing profit in financial years
• Technical upgradation, tie up with top-notch external sources
• Strong and trusted brand value in the market

Weakness

• Rising debt is a concern
• Promoter holding is less than 50%
• Low-intensity investment in R&D ( slow adaption of new products)

Opportunities

• IIFL securities need more investment in research
• A lower PE ratio indicates future scopes in wealth management
• Catering to small towns and smart cities in India

Threat

• SEBI’s policy and RBI’s movement as per market pattern
• Competitors’ pressure — Competitors have better research support, free access to research reports to outsiders
• Volatile foreign markets may create an issue

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IIFL Securities Trading Account holders enjoy the support of the company’s research body with various tools and human assistance.

However, it needs some improvement and quick adaptation to the rival’s strategy. If you want to get an expert’s recommendation in market insights, IIFL is a possible destination for various reasons—

Personalized or Customized Support: Clients can get personalized support or assistance. Moreover, traders can remove excess information on their personal terminals.

They will get recommendations with an 80% accuracy claim.

Investment Ideas: Depending on company analysis and market trends, IIFL subscribers enjoy a bunch of new ideas in the wealth management firm.

It keeps you informed about various products and their performances.

Tech-driven Research Support: Despite having a well-equipped research team, IIFL is not behind the tech race with rivals.

It helps customers with the Algo platform and AI-driven analytics. Moreover, get their top research-based picks in the App.

To calculate the IIFL securities margin ratio, always use their margin calculators available on all platforms.

However, also read any terms and conditions or contact with nearest branch offices. Here are some key points about margin or leverage provided by the broking house:

• In the case of equity delivery, you can have a 1x margin ( depending on specific stocks)
• Traders can make up to 5x in intraday trading.
• Margin Trading Facility or MTF has a trend of 4x leverage on selected stocks.
• IIFL also offers 1.3x for equity F&O intraday trade, the same for commodity F&O
• During Currency F&O and commodity trading, the traders can make 1x.

Moreover, up to 293x growth in portfolios are not a rare case.

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In IIFL, you are assigned to a relationship manager from day one. However, the securities house has multiple channels to communicate with customers.

Either you can visit the branch for a one-to-one session, or you can take the help of technology to raise your issue.

You can start chatting on Whatsapp at 9892691696 or go for a live chat on App or Webpage. Apart from this, traders get email support at [email protected].

In addition, IIFL Securities customer care has a massive presence on various social media platforms like Twitter, Facebook, Telegram, and Instagram also.

Despite all these, a telephonic helpline is more popular now — dial 022-40071000 for assistance.

Despite prompt action on the client’s problem, IIFL securities has a few complaints registered in exchange bodies like NSE and BSE.

In the financial year 2022-23, the BSE received only 39 clients out of 99,646 active clients, all 39 cases have been solved. It shows 100% accuracy.

Also, in the same FY, among the 1,144,428 clients filed, only 77 file complaints in NSE— 58 cases have been solved.

It advocates 99.99% accuracy of the brokerage firm. Fortunately, the firm has maintained the same trend in the last few years.

IIFL Securities Charges

IIFL has different plans to adjust your pocket. Whether you are a long-term investor or a short-term player, IIFL offers you different financial trading solutions with prices.

In addition, the company’s financial advisory support and help from the RM team is an added advantage.

They have iPrime, iInvest, and iValue plans. So, let’s check some prime fee structures of the firm before joining it.

• IIFL securities account opening charges are free, with one year FREE AMC (after that Rs.250)
• DP charges are applicable per order as Rs.13.5 + GST tax
• A flat fee of Rs.20 applicable as Demat transaction charges
• Equity delivery brokerage is 25% of the whole volume
• During equity intraday and futures trading, 0.025% is levied
• For options tradings, a flat fee of Rs.25 is applicable

In addition, traders must pay regular Govt fees like STT, GST, and stock exchange, and a nominal stamp duty fee is charged.

However, you can use their built-in calculator, and IIFL securities have no history of hidden charges.

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IIFL Securities Review – Conclusion

Secure your financial future with IIFL security’s strong support. With competitive charges, profitable suggestions, and customized trading support, IIFL securities have a positive review in the market.

In addition, almost three decades of experience in the firm keeps its clients ahead of the competition. Their critical research report, provided by analysts, helps clients with valuable market insights.

However, critics suggest improving houses in the research sector.

FAQs on IIFL Securities

Here are various FAQs related to IIFL Securities Review.

Is IIFL Securities a Safe Broker?

Yes, IIFL has continued its operation for the last 28 years. SEBI, India’s regulatory body, approves the company. Moreover, the company assures 80% accuracy in stock recommendations.

Is IIFL Securities Good for Beginners?

Yes, beginners can start with IIFL. But IIFL has more support for beginners in its sister company 5Paisa. Consult with RM for a better suggestion.

How many active clients does IIFL Securities have?

As per FY 23, IIFL has 12 Lakh clients in both NSE and BSE. The firm’s App has millions of downloads in the App Store or Play Store.

Who is the Founder of IIFL Securities?

IIM alumnus Mr. Nirmal Jain started IIFL in 1995; he is the current MD and Chairman of the financial service provider

Does IIFL Securities provide Free Delivery Trading?

Equity delivery comes with 0.25% brokerage charges, excluding STT, GST, and SEBI costs. Check the brokerage table for more details.

What are Intraday Trading Charges in IIFL Securities?

IIFL’s brokerage for intraday is 0.025%; if you want to sell, an STT of 0.025% is levied.

What are IIFL Securities F&O Charges?

In the case of NRI, an amount of Rs.100 per slot is applicable for F&O. But always check the value as per your current plan.

Does IIFL Securities charge for Commodity Trading?

Commodity options fluctuate between Rs.80 to Rs.150, depending on your current plan.

In addition, commodity futures charge 0.01% to 0.025% — depending on iInvest, iValue, and iPrime plan. However, count risk management fees and GST also.

Does IIFL Securities charge for Currency Trading?

In the case of currency futures trading, the fees are between Rs.15 to Rs.25 per; no need to pay STT.

In the case of currency, an option from Rs.5 to Rs.10 is applicable. Also, add GST, SEBI charges, and stamp charges.

Does IIFL Securities provide research?

Yes, they have the support of research-based data and market research information for subscribers. However, it needs more improvement.

How to contact IIFL Securities Customer Care?

Go to the nearest branch, check their Twitter and Facebook accounts, or dial 022-40071000. You can also make whats app meetings at 9892691696.

How much is AMC in IIFL Securities?

AMC is free for one year, but after that, Rs. 250 is the fee to continue the account.

What are Account Opening Fees in IIFL Securities?

There is no opening; you will get a FREE demat account. The demat transaction charge is Rs.18.

What are Pledge Creation Charges in IIFL Securities?

Rs.25 is the pledge creation charge for all three plans.

How Much are Pledge Invocation Fees in IIFL Securities?

A pledge invocation fee of Rs.25 is charged.

Does IIFL Securities levy any Interest on Margin Trade Funding?

For discount brokerage, the fee is 0.03%, and the full brokerage fee is 0.05%. In addition, STT is charged only for sales. Check the updated rate with the nearest branch.

What are DP Charges in IIFL Securities?

A nominal amount of Rs.20 is chargeable for all plans

Does IIFL Securities levy any Account Closure Fees?

There are no account closure fees. However, you have to clarify issues like negative balances or pending dues.

What are Account Reactivation fees in IIFL Securities?

There are no account reactivation fees if you have no outstanding due from AMC.

What are Call & Trade Charges in IIFL Securities?

You must pay a flat fee of Rs.50 for a call and trade.