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IIFL Vs TradePlus Online
| | Broker Comparison, Trading | No Comments
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 |  |  |
*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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Date
Broker Name
IIFL Vs TradePlus Online
Overall Rating
