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IIFL Vs Nirmal Bang
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IIFL Vs Nirmal Bang 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.
IIFL Vs Nirmal Bang Comparison
Here is a point by point comparison of IIFL Vs Nirmal Bang.
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. India Infoline (IIFL) was incorporated in 1995 and today is one of the top 10 full-service brokers in India.
Nirmal Bang is an oldie in full-service broking segment in India with its operations starting in as early as 1986.
This stockbroking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
Full-service brokers such as India Infoline (IIFL) or Nirmal Bang 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 IIFL Vs Nirmal Bang 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
IIFL Vs Nirmal Bang 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.
 |  | |
| Nirmal Bang Review | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service |
| Incorporated In the Year | 1986 | 1995 |
| Number of branches across India | 2000 | 4400 |
| Exchanges | NSE, BSE, MCX, NCDEX and MCX–SX | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹200 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | Nirmal Bang Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.2% | 0.50% |
| Intraday Delivery | 0.02% | 0.05% |
| Equity Futures | 0.02% | 0.05% |
| Equity Options | ₹35 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | 0.02% | 0.05% |
| Currency Options | ₹20 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | 0.01% | 0.05% |
| Brokerage Calculator | Nirmal Bang Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 4 times for Delivery, upto 10 times for Intraday | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 4 times | Upto 3 times for Intraday |
| Equity Options | No Margins for Buying, Upto 2 times for Shorting | Buying no leverage, Shorting upto 3 times |
| Currency Futures | No Margins for Buying, Upto 2 times for Shorting | Upto 2 times for Intraday |
| Currency Options | Upto 3 times | Buying no leverage, Shorting upto 2 times |
| Commodities | Upto 3 times | 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, NB Trade, Beyond Mobile App, NB Back Office Mobile App | Trader Terminal, IIFL Markets App, Trader Web |
| Total BSE+NSE Complaints | 129 | 280 |
| 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 stockbrokers? If yes, would you like to share your experience(s) with IIFL Vs Nirmal Bang 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
IIFL Vs Nirmal Bang
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