IIFL – Trading Platform, Brokerage Charges, USPs and Reviews

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IIFL group is a leading financial services group providing services like Stock Broking, Mutual Funds, Wealth products and Loans. IIFL Securities is a part of IIFL group providing Stock broking services and Demat Account Services. Established way back in 1995, IIFL is large brand offering both retail and institutional segments of stock broking using state of the art technology along with personalized services.

IIFL Securities is a full service broker providing personalized services along with research based advisory across products like equity, F&O, Commodity& Currency. Not only this, IIFL is a leading distributor of Mutual Funds and AIF products. As a group, IIFL caters to more than 4 million customers across various business segment.

With 2500 offices across 500 cities, It has a large network of branches and franchisees across the length and breadth of country. Not only in India, IIFL is also present in various locations across the globe like New York, London, Singapore, Hong Kong, Dubai, Colombo and Mauritius to serve NRI clients.

USPs of IIFL

Single Platform for all segments

IIFL enable you to transact in Equities, Commodities, Currencies across exchanges like NSE, BSE, NCDEX, MCX and Mutual Fund through a single platform. You can also view your entire portfolio across asset classes at a single place.

Next Generation Trading Platform

The trading platform of IIFL provide Real time streaming quotes and high speed order execution along with confirmation through IIFL Markets app, Trader Terminal and other such solutions.

Research

IIFL research desk publish in-depth company reports, sector and industry reports and real time news updates on daily/weekly basis. One can also request for a detailed portfolio analysis along with IIFL View i.e. Buy/Sell/Hold/Accumulate covering more than 500 stocks.

Open Account with IIFL

IIFL Trading Platform

Various Trading platform available with IIFL are as follows. While most of them are free, few are also available for classified customers only.

1. Trader Terminal : Web platform

It is a responsive trading platform available through website to all the customers of IIFL. It does not involve any installation however can be accessed through Laptop, tablet or mobile. It contains a plenty of features suitable for any investor requirements, be it of trading or back-office.

2. Trader Terminal : Exe Software for Laptops/Desktops

This software always remains the most famous and user friendly trading software meant for high volume traders. This software provides a real time rate updation, faster execution, superior charting and technical analysis tools.

3. IIFL Markets App : Android and iOS Mobile App

It is a mobile app for trading in Equities CM, Derivatives Commodities, Currency with exchanges BSE, NSE and MCX. The App is already crossed lakhs of downloads and is among the highest rated trading app in India. Apart for real time rate updation and faster execution, it provides free research reports and trading calls, Online IPO, integrated payment gateway and back office.

4. TT Iris

It is a stock market decision making software offered in association with Spider software. It automatically tracks the market movement and analyse the markets realtime. It also offers advanced charting, technical analysis, strategy testing, candlestick scanners, price watch and other portfolio optimization tools on cash and derivatives segment that helps in identifying opportunities in stock markets.

This software is available for a yearly fee of ₹54,000.

5. IIFL Mutual Funds App (Android and iOS)

IIFL offers Mutual fund investing through its Mutual Fund app available on both Android and iOS. An investor can Buy, Sell, Monitor Mutual Funds or even start a SIP through this app. The App is totally free and also provides data of mutual fund scheme performance and latest industry news apart from expert advice from Fund Managers.

Demo of TT Trader Terminal

IIFL Account Opening Charges

The charges for opening trading demat account is ₹750 however this charge is waived off for certain prepaid plans. This one-time charge is waived for customers who buy certain prepaid brokerage plans. The Demat account AMC is free for 1^st year.

IIFL Brokerage Charges

IIFL offers 3 types of brokerage plans i.e Flat brokerage, Variable brokerage and Value add Subscription plans. One can choose the brokerage plan as per his/her requirements while opening account or switch anytime with changing trading behavior.

IIFL Flat Brokerage Plan

The IIFL Flat Brokerage Plan (FBP) charges a fixed % brokerage on the total traded value. This plan is for casual stock market investors. The brokerage charges in this plan are highest.

Segment	Brokerage (%)
Intraday (buying/selling)	0.05%
Delivery	0.50%
Futures (buying/selling)	0.05%
Options (buying/selling)	1% of premium or ₹100 per lot, whichever is higher
T2T or Z group script	0.75%
Minimum share per brokerage	₹0.05 (₹25 minimum)

IIFL Variable Brokerage Plan

The IIFL Variable Brokerage Plan (VBP) charges a variable % brokerage fee depending on the volume of trades made in a month. The amount of trading volume that you achieved during the last 20 trading days (including the current day) determines the brokerage slab for the current trading day. This plan offers a significantly lower brokerage rate to frequent traders.

Segment	Brokerage (%)
Intraday (buying/selling)	0.02% to 0.05%
Delivery	0.15% to 0.60%
Futures (buying/selling)	0.02% to 0.05%
Options (buying/selling)	1% to 2.5% of premium or ₹100 per lot, whichever is higher

IIFL Value added subscription Plan

In these plans the brokerage rates reduces as per the value of subscription. Also the Account opening charges are waived off with any plan above Rs.1000.

Subscription Plans	Default Plan	V1000	V2000	V5000VAS	V10KVAS	V25KVAS	V50KVAS	V1LVAS
Value Added Subscription Value (Rs) (a)	Nil	1000	2000	5000	10000	25000	50000	100000
Goods and Services Tax (Rs) (b)	As per Current Applicable Rates
Account Opening fee (c)	Rs. 750/-**	Nil	Nil	Nil	Nil	Nil	Nil	Nil
Initial Margin ©^ Total Margin Cheque (a+b+c)
Delivery Brokerage	0.50%	0.25%	0.15%	0.35%	0.25%	0.15%	0.10%	0.05%
Intraday Trading Brokerage CM-each leg	0.05%	0.03%	0.02%	0.04%	0.03%	0.02%	0.01%	0.01%
Trading Brokerages Futures- each leg	0.05%	0.03%	0.02%	0.04%	0.03%	0.02%	0.01%	0.01%
Intraday Trading Brokerage Futures-each leg	0.05%	0.03%	0.02%	0.04%	0.03%	0.02%	0.01%	0.01%
Options Trading Brokerage-each leg	1% of premium or Rs 100/- per lot whichever is higher	1% of premium or Rs 70/- per lot whichever is higher	0.50% of premium or Rs 60/- per lot whichever is higher	1% of premium or Rs 90/- per lot whichever is higher	1% of premium or Rs 70/- per lot whichever is higher	0.50% of premium or Rs 60/- per lot whichever is higher	Flat Rs. 40/- per lot	Flat Rs. 20/- per lot
Minimum Per Share Brokerage (Rs) (Delivery, Futures and cash Intraday)	0.05	0.05	0.03	0.05	0.05	0.03	0.01	0.01
Validity Period	12 Months	1 Month	1 Month	12 Months	12 Months	12 Months	12 Months	12 Months
Initial margin as required by the exchange need to be given for derivatives trade **Rs 750/- to be reversed against brokerage within 90 days of a/c opening.

How to Open Demat Account with IIFL

You can open a Demat account with IIFL in 4 easy steps

Step 1 : Apply For A Demat Account Online: Place your account opening request on the link given by submitting your Name & number. You will get a call back from IIFL account opening team.

Step 2 : Submit The KYC Details Online : It includes submission of a duly filled application form along with the copies of required identity proofs.

Step 3 : Get Your Documents Verified : To get your documents verified, you might be required to be present in person at the nearest IIFL DP’s office in order to verify the authenticity of the KYC.

Step 4 : Acquire Beneficiary Owner Identity (BOID) : Upon the processing of the application at the DP, a unique Beneficiary Owner Identity, commonly known as BOID, is generated.