IIFL
VS
Sharekhan
| Background Services | ||
|---|---|---|
| Type of Broker | Full Service | Full Service |
| Founded | 1995 | 2000 |
| Active Clients | 2,14,149 | 5,09,787 |
| 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, Bonds. |
| Depository | CDSL | NSDL |
| Advisory / Research tips | ||
| Advisory | Yes | Yes |
| Charges | ||
| Account Opening Charges | ||
| Trading Account | Rs. 0 | Rs. 0 |
| Demat Account | Rs. 0 | Rs. 0 |
| Commodity Account | Rs. 0 | Rs. 0 |
| Annual Maintenance Charges | ||
| Trading Account | Free for 5 years, 6th year onwards 400 + GST | After first year Rs. 450 |
| Demat Account | Free for 5 years, 6th year onwards 400 + GST | After first year Rs. 450 |
| Commodity Account | Rs. 0 | After first year Rs. 450 |
| Brokerage Charges | ||
| Equity Delivery | 0.50% on turnover | 0.5% on turnover per order |
| Equity Intraday | 0.05% on turnover | 0.1% on turnover per order |
| Equity Futures | 0.05% on turnover | 0.1% on turnover per order |
| Currency Futures | 0.05% on turnover | 0.25% on turnover per order |
| Commodity Futures | - | 0.25% on turnover per order |
| Equity Options | 1% on premium or Rs.100 per lot | 0.1% on turnover per order |
| Currency Options | - | 0.25% on turnover per order |
| Commodity Options | - | 0.25% on turnover per order |
| Technology | ||
| Trading Platform | IIFL Trader Terminal. | Trade Tiger. |
| Features | ||
| Shortcut Keys | Yes | Yes |
| Heat Map | Yes | Yes |
| Charting | Yes | Yes |
| Intraday Data (Days) | - | 4 Days |
| EOD Data (Days) | - | 4 Days |
| Leverages | ||
| Equity Delivery | 5x on turnover | 5x on turnover |
| Intraday | ||
| Equity Spot | 10 - 15x on turnover | 32x on turnover |
| Equity Futures and Options | 10 - 12x on ESM | 15x on ESM |
| Currency Futures and Options | 10 - 12x on ESM | 10x on ESM |
| Commodity Futures and Options | 10 - 12x on ESM | 10x on ESM |
| Intraday with BO & CO | ||
| Equity Spot | No leverage | 32x on turnover |
| Equity Futures and Options | No leverage | 15x on ESM |
| Currency Futures and Options | No leverage | 10x on ESM |
| Commodity Futures and Options | No leverage | 10x on ESM |
| Customer Support | ||
| Phone | Yes | Yes |
| Yes | Yes | |
| Transaction Alerts | Yes | Yes |
| Live Chat | Yes | Yes |
| Relationship Manager | Yes | Yes |
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- First 25 Trades Free!
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- 10-40 Times Extra Margin