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Goodwill Commodities Vs IIFL
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Goodwill Commodities Vs IIFL comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Goodwill Commodities Vs IIFL Comparison
Here is a point by point comparison of Goodwill Commodities Vs IIFL.
IIFL is a prominent name in Indian full-service broking. It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. IIFL was incorporated in 1995 and today is one of the top three full-service brokers in India.
Goodwill Commodities is a Chennai based full-service stockbroker which has expertise in commodity trading. The broker was established in 2008 and has a presence in 27 locations across different cities of India. Goodwill Commodities is known to provide high exposure but has a relatively low focus on technology.
Full-service brokers such as Goodwill Commodities vs IIFL will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Goodwill Commodities Vs IIFL to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Goodwill Commodities Vs IIFL Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover.
Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
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| Goodwill Commodities Review | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Full Service | Full Service Broker |
| Incorporated In the Year | 2008 | 1995 |
| Number of branches across India | 27 | 4400 |
| Exchanges | BSE, NSE, MCX, NCDEX, MSEI | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | Goodwill Commodities Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% | 0.50% |
| Intraday Delivery | 0.1% | 0.05% |
| Equity Futures | 0.1% | 0.05% |
| Equity Options | 2.5% on the premium or ₹100 per contract, whichever is higher | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | 0.1% | 0.05% |
| Currency Options | 2.5% on the premium or ₹30 per contract, whichever is higher | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | 0.1% | 0.05% |
| Brokerage Calculator | Goodwill Commodities Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5 times Intraday, Upto 2 times delivery | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 3 times for Intraday | Upto 3 times for Intraday |
| Equity Options | No Leverage | Buying no leverage, Shorting upto 3 times |
| Currency Futures | Upto 2 times for Intraday | Upto 2 times for Intraday |
| Currency Options | No Leverage | Buying no leverage, Shorting upto 2 times |
| Commodities | Upto 3 times for Intraday | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | |  |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | ODIN Diet, NEST, iWin Mobile App, Goodwill Web Trading app | Trader Terminal, IIFL Markets App, Trader Web |
| Complaints percentage | 0.15% | 0.11% |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Goodwill Commodities Vs IIFL for the benefits of other readers? Please feel free to share in the comments below.
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Summary
Reviewer
A Digital Blogger
Date
Broker Name
Goodwill Commodities Vs IIFL
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