IIFL Vs TradePlus Online

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IIFL Vs TradePlus Online 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 TradePlus Online Comparison

Here is a point by point comparison of IIFL Vs TradePlus Online.

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 three full-service brokers in India.

TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.

They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.

Everything about discount brokers such as TradePlus Online is Online, be it – customer service, trading, account opening etc. Full-service brokers such as India Infoline (IIFL), on the other hand, 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 India Infoline (IIFL) Vs TradePlus Online 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 TradePlus Online 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.



	Trade Plus Online Review	India Infoline Review
OVERVIEW
Broker Type	Discount Broker	Full Service
Incorporated In the Year	1995	1995
Number of branches across India	300	4400
Exchanges	NSE, BSE, MCX	NSE, BSE, MCX, NCDEX
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹199	₹750
Trading Account Annual Maintenance Charges	₹499 (for 5 years)	₹0
Demat Account Opening Charges	₹0	₹555
Demat Account Annual Maintenance Charges	₹0	₹300
Transaction Charges	TradePlus Online Transaction Charges	IIFL Transaction Charges
BROKERAGE
Equity Delivery	0.1%	0.50%
Intraday Delivery	0.01%	0.05%
Equity Futures	₹799 per month for Unlimited trading or 0.01% whichever is lower	0.05%
Equity Options	₹99 per month for Unlimited trading or 0.01% whichever is lower	1% of Premium or Rs.100/- per lot whichever is higher
Currency Futures	₹99 per month for Unlimited trading or 0.01% whichever is lower	0.05%
Currency Options	₹99 per month for Unlimited trading or 0.01% whichever is lower	1% of Premium or Rs.100/- per lot whichever is higher
Commodity	₹99 per month for Unlimited trading or 0.01% whichever is lower	0.05%
Brokerage Calculator	TradePlus Online Brokerage Calculator	IIFL Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	4 times for Delivery on Shares when VAR margin is less than 20%	Upto 20 times Intraday & 3 times for Delivery
Equity Futures	NA	Upto 3 times for Intraday
Equity Options	Upto 2 times for Intraday	Buying no leverage, Shorting upto 3 times
Currency Futures	NA	Upto 2 times for Intraday
Currency Options	Upto 2 times for Intraday	Buying no leverage, Shorting upto 2 times
Commodities	Upto 2 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)	Nest On Web, Infini Trader, TradPlus Mobile	Trader Terminal, IIFL Markets App, Trader Web
Total BSE+NSE Complaints	140	280
OVERALL RATING
	Get a Callback	Get a Call Back

*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 TradePlus Online for the benefits of other readers? Please feel free to share in the comments below.

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