IIFL Securities Review

iifl-logoIIFL Securities, a full-service stockbroking firm, is one of the leading financial services providers in India. It is a stockbroking house from IIFL Holdings Limited that offers innumerable services including loan offerings, mortgages, and brokerage services.

IIFL was incorporated in the year 1995 and the firm has been continuously growing since then with leaps and bounds. The company, by now has, more than 4500+ branches spread in over 900+ cities all across the country.  The company has international presence as well which includes offices in Dubai, Hong Kong, New York, Singapore, London, Mauritius, and Geneva.

The financial products offered by the stockbroking firm to its customers include stocks, commodities, derivatives, insurance, FDs, IPOs, Bonds, and Loans, etc. The financial products are offered to both retail and institutional investors by the firm.

IIFL, apart from the wide range of products offered, is also famous for its advanced in-house research, advisory and customer support services. Customers at IIFL receive award-winning research services along with other benefits like Mutual Fund Investments, Fixed Income Investment Instruments, PMS, advisory, dedicated relationship manager, and integrated trading platforms.

IIFL was awarded as the “Best Broker with Global Presence” at the BSE IPF. The company aims at continuously reinventing and innovating new strategies and hence has managed to set digital footprints in the trading world.

Trading at IIFL Trading at IIFL allows its customers to buy and sell shares by paying a small amount of brokerage charge which is to be paid as a commission to the broker.

The advanced trading tools and platforms introduced by IIFL offer its customers a seamless trading experience.

Mobile app –  IIFL Markets App




In order to trade through IIFL in the stock market, the trader is required to open Demat and Trading account with the company. A Demat and a Trading account is the prerequisite for people willing to invest and trade in stock market.

By opening an account with IIFL, the customer gets a wide range of financial products to invest and trade in across the leading stock exchanges in India. The perfect combination of technology and research facility offered by the stockbroking firm will help you maximize your returns and reap all the benefits of stock market trading. The advanced research facility offered by IIFL reduces the risk to which a trader is exposed thereby increasing his chances of making good profits from stock market investments.

A bunch of features, apart from Account Opening and Advisory and Research facilities offered by the company add on to the overall trading experience of the customers. These features include two-factor authentication, single login, advanced trading platform, and low brokerage charges to name a few.

How to Open Demat Account with IIFL

 Opening a Demat and Trading Account is a simple and easy to follow process that makes it altogether convenient for the investors and traders to enter the stock market trading world. IIFL offers both online and offline account opening facility to its customers.

Online Account Opening

To open an account online with IIFL you can simply follow the below mentioned steps:iifl-open-account

  • Visit the company’s official website , click here ->
  • Click on Open a trading account option
  • Enter the basic details required for you to be filled for opening your account
  • You will soon receive a one-time password (OTP) on the mobile number shared by you
  • You will also receive a link on your registered email id. Enter the OTP received on your registered email id
  • After the OTP is verified, you will be required to fill the Online Account Opening Form
  • Once you have filled and submitted the Online Account Opening Form, your RM will contact you for the documentation process
  • Once the documentation process is completed and the forms are received at the Head Office, your account will be opened in the next 24 hours.

IIFL Securities Charges

IIFL Securities charges Rs.750 for trading and demat account opening. There is a one-time charge which is waived off for the customers who buy certain prepaid brokerage plans. The customers are required to pay Rs.400 for demat account AMC. The Demat Account is free for the first year.

Trading Account Opening Charges Rs.0
Demat Account Opening Charges Free
Demat Account Annual Maintenance Charges (AMC) 1 year Free

IIFL Securities Brokerage Plans

IIFL Securities offers three different brokerage plans to its customers, including a Flat Brokerage Plan, the Variable Brokerage Plan, and the Value-Added Subscription Plan or the Advanced Brokerage Plan. The customers can choose from any of the three brokerage plans at the time of opening the Demat Account. There is an option to switch from one plan to another at any given time based on the trading needs of the traders.

Flat Brokerage Plan

The Flat Brokerage Plan, as the name suggests, charges a fixed percentage of brokerage on the total traded value. This plan is suitable for the casual stock market investors. The brokerage charges required to be paid by the customer in this plan are the highest.

The brokerage charges under this plan are as follows:

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

Variable Brokerage Plan

IIFL Securities Variable Brokerage Plan charges a variable percentage as brokerage fee depending upon the volume of the trades done in a month. The amount of the trading volume that is achieved by the customer in the last 20 days (including the current day) is considered to determine the brokerage slab for the current trading day. This plan is suitable for the frequent traders and offers a lower brokerage rate.

The brokerage charges under this plan are as follows:

Segment Brokerage Charged
Intraday Buying/Selling 0.02% or 0.05%
Delivery 0.15% or 0.60%
Futures Buying/Selling 0.02% or 0.05%
Options Buying/Selling 1% to 2.5% of premium or Rs.100 per lot whichever is low

Advanced Brokerage Plan

The Advanced Brokerage Plan offered by IIFL is the prepaid brokerage plan which further offers seven different subscription plans. This plan is designed for traders who trade frequently. Under this plan, by paying a specific amount, one can avail one or more economical brokerage rates for certain duration. For instance, under the Rs.5000 plan, the brokerage charged for the delivery trades is reduced to 0.35% from 0.50% for a year.

The brokerage and subscriptions under this plan are as follows:


Plans Default V1000 V2000 V5000VAS V10KVAS V25KVAS V50KVAS V1LVAS
Subscription Fee 0 Rs.1000 Rs.2000 Rs.5000 Rs.10,000 Rs.25,000 Rs.50,000 Rs.1,00,000
Delivery 0.50% 0.25% 0.15% 0.35% 0.25% 0.15% 0.10% 0.05%
Intraday 0.05% 0.03% 0.02% 0.04% 0.03% 0.02% 0.01% 0.01%
Futures 0.05% 0.03% 0.02% 0.04% 0.03% 0.02% 0.01% 0.01%
Options 1% of premium or ₹100 per lot whichever is higher 1% of premium or ₹70 per lot whichever is higher 0.50% of premium or ₹60 per lot whichever is higher 1% of premium or ₹90 per lot whichever is higher 1% of premium or ₹70 per lot whichever is higher 0.50% of premium or ₹60 per lot whichever is higher Flat ₹40 per lot Flat ₹20 per lot
Minimum Brokerage Per Share ₹0.05 ₹0.05 ₹0.03 ₹0.05 ₹0.05 ₹0.03 ₹0.01 ₹0.01
Validity of the Plan 1 year 1 month 1 month 1 year 1 year 1 year 1 year 1 year

IIFL Securities Trading Software

IIFL offers several trading platforms to its customers most of which are available for free to the customers. These user-friendly trading platforms make it easier for the customers to trade.

IIFL Trader Terminal

iifl-trade-terminal-1It is an executable application that can be installed by the customers on laptop or desktop to carry on seamless trading.

The trading terminal offered by IIFL securities has all the features that are required by the trader while trading including:

  • A real-time update on the markets
  • Security with various authentication measures
  • Quick and confirmed order execution
  • Decent speed and performance
  • Seamless access to market calls, and research reports using fundamental and technical analysis
  • Various types of charts, technical indicators, and heat maps for analysis
  • Facility to customize and personalize the dashboard at multiple levels allowing changes in widget set alerts and notifications
  • IIFL Fund transfer to and from the customer’s trading account to across more than 40 prominent banks in the country.

 IIFL Markets

iifl-trade-terminal-2 IIFL Markets is the new age mobile trading app that is offered by IIFL Securities to its customers. The app is available for free for Android, iOS, and Windows users.

The app is available of the play store and has a rating of 4.4 from over 20,000 customers. This makes the app one of the most top-rated trading apps available among the competitors.

IIFL Markets is loaded with a bunch of features some of which include:

  • One swipe trading feature that allows the customers to trade with a single swipe. This makes sure that the customers don’t lose on a profitable market opportunity.
  • Watch list with up to 50 scripts. This allows the customers to manage their portfolio in a better way.
  • Easy application to IPO/OFS which not many stockbrokers are providing.
  • Unique message board feature that allows the customers to understand the take of others on the market.
  • Setting up of alarms from different aspects for instance Price threshold, stock price percentage, increase/decrease limit to name a few.
  • Guidance on opening and managing the IIFL Demat Account.

IIFL Securities Disadvantages

There are some of the disadvantages of opening a Demat and Trading Account with IIFL Securities. These disadvantages include:

  • The brokerage charges are higher when compared to other discount brokers as IIFL is a full service broker.
  •  The IIFL Trader Terminal software can only be downloaded in Windows and not Mac.
  •  The IIFL Trader Terminal has limited customizability (for charts, dashboard)
  •  The search function in the IIFL Markets App is poor.

IIFL Securities Advantages

IIFL Securities is a full-service broker that along with buying and selling of shares offers high-quality research to its customers. The company provides personalized services through a dedicated relationship manager who helps beginner traders and investors.

Some of the advantages offered by the company to its customers are as follows:

  • It is a full-service broker that offers complete hand-holding support to its customers through its wide range of branches all across the country and even in abroad.
  • There is Free Equity and MF Research and recommendation service offered by the company to its customers.
  • It offers advanced trading platforms to its customers with Trader Terminal being the best trading platform offered by the company.
  • The company offers a wide range of financial products and services to its customers including stocks, bonds, IPOs, derivatives, MF, Insurance, and Corporate FDs.
  • It offers a dedicated relationship manager to its customers for seamless trading experience.
  • IIFL takes personal FDs as a collateral for margin funding.
  • Customers are offered Equity Systematic Investment Plan (Equity SIP).
  • It also offers commodity and currency trading on a single platform.
  • It offers advanced types of order like “Valid Till Cancelled” to its customers.
  • There is a separate application available for mutual fund investments for the customers.
  • The trading platforms are advanced, robust, speedy, and user-friendly at the same time.
  • The trading platforms can be customized.