Background Services | ||
---|---|---|
Type of Broker | Full Service | Discount Broker |
Founded | 1995 | 2013 |
Active Clients | 2,14,149 | 3,125 |
Product offered | Equity Spot, Futures & Options in Equity, Currency and Commodity, Mutual Funds, Bonds, Fixed Deposits. | Equity Spot, Futures & Options in Equity, Currency and Commodity, Mutual Funds. |
Depository | CDSL | NSDL |
Advisory / Research tips | ||
Advisory | Yes | No |
Charges | ||
Account Opening Charges | ||
Trading Account | Rs. 0 | Rs. 200 |
Demat Account | Rs. 0 | Rs. 200 |
Commodity Account | Rs. 0 | Rs. 200 |
Annual Maintenance Charges | ||
Trading Account | Free for 5 years, 6th year onwards 400 + GST | Rs. 0 |
Demat Account | Free for 5 years, 6th year onwards 400 + GST | Rs. 200 |
Commodity Account | Rs. 0 | Rs. 0 |
Brokerage Charges | ||
Equity Delivery | 0.50% on turnover | Rs. 9 or 0.1% on turnover (whichever is lower) per order OR Monthly Brokerage Plan - of Rs. 999 per month |
Equity Intraday | 0.05% on turnover | Rs. 9 or 0.01% on turnover (whichever is lower) per order OR Monthly Brokerage Plan - Rs. 999 per month |
Equity Futures | 0.05% on turnover | Per Trade Brokerage Plan - Rs. 9 per order OR Monthly Brokerage Plan - Rs. 999 per month |
Currency Futures | 0.05% on turnover | Per Trade Brokerage Plan - Rs. 9 per order OR Monthly Brokerage Plan - Rs. 499 per month |
Commodity Futures | - | Per Trade Brokerage Plan - Rs. 9 per order OR Monthly Brokerage Plan - Rs. 999 per month |
Equity Options | 1% on premium or Rs.100 per lot | Per Trade Brokerage Plan - Rs. 9 per order OR Monthly Brokerage Plan - Rs. 999 per month |
Currency Options | - | Per Trade Brokerage Plan - Rs. 9 per order OR Monthly Brokerage Plan - Rs. 499 per month |
Commodity Options | - | Per Trade Brokerage Plan-Rs. 9 per order OR Monthly Brokerage Plan - Rs. 999 per month |
Technology | ||
Trading Platform | IIFL Trader Terminal. | Alpha Trader & Nest Trader. |
Features | -. | |
Shortcut Keys | Yes | Yes |
Heat Map | Yes | Yes |
Charting | Yes | Yes |
Intraday Data (Days) | - | 21+ Days |
EOD Data (Days) | - | 2190+ Days (6 Years) |
Leverages | ||
Equity Delivery | 5x on turnover | No leverage |
Intraday | ||
Equity Spot | 10 - 15x on turnover | 8x on turnover |
Equity Futures and Options | 10 - 12x on ESM | 2x on ESM |
Currency Futures and Options | 10 - 12x on ESM | 2x on ESM |
Commodity Futures and Options | 10 - 12x on ESM | 2x on ESM |
Intraday with BO & CO | ||
Equity Spot | No leverage | 20x on turnover |
Equity Futures and Options | No leverage | Futures - 7x on ESM Options Short - 5x on ESM Options Buying - 2x on ESM |
Currency Futures and Options | No leverage | Futures - 4x on ESM Options Short - 4x on ESM Options Buying - 2x on ESM |
Commodity Futures and Options | No leverage | 10x on ESM in Crude Oil & Natural Gas 5x on ESM in all other futures |
Customer Support | ||
Phone | Yes | Yes |
Yes | Yes | |
Transaction Alerts | Yes | Yes |
Live Chat | Yes | No |
Relationship Manager | Yes | No |