Indiabulls Vs IIFL
Indiabulls Vs IIFL is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Indiabulls Vs IIFL so that you get a 360-degree view about which broker to go ahead with.
Indiabulls Vs IIFL Comparison
Here is a point by point comparison of Indiabulls Vs IIFL.
Indiabulls Ventures is a discount stockbroking house from Indiabulls Group (pivoted from the full-service broking model).
Based out of Gurgaon, Indiabulls has a presence in 18 cities of the country with a client base of 7 Lakhs. It is one of the very few stockbrokers that provides zero brokerage unlimited trading plans to its clients.
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.
Full-service brokers such 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.
Discount brokers such as Indiabulls Ventures offer trading services at much cheaper brokerage rates and reasonable customer service.
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 Indiabulls 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
Indiabulls Vs IIFL Details
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.
Indiabulls Ventures Review | India Infoline Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service Broker |
Incorporated In the Year | 2000 | 1995 |
Number of branches across India | 150 | 4400 |
Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX, NCDEX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹450 | ₹750 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹555 |
Demat Account Annual Maintenance Charges | ₹450 (Free 1st Year) | ₹300 |
Transaction Charges | Indiabulls Transaction Charges | IIFL Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.01% | 0.50% |
Intraday Delivery | ₹15 per executed order or 0.01% (whichever is lower) | 0.05% |
Equity Futures | ₹15 per executed order or 0.01% (whichever is lower) | 0.05% |
Equity Options | ₹15 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
Currency Futures | ₹15 per executed order or 0.01% (whichever is lower) | 0.05% |
Currency Options | ₹15 per lot | 1% of Premium or Rs.100/- per lot whichever is higher |
Commodity | ₹15 per executed order or 0.01% (whichever is lower) | 0.05% |
Brokerage Calculator | Indiabulls Brokerage Calculator | IIFL Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 20 times Intraday & 3 times for Delivery |
Equity Futures | Upto 3 times Intraday | Upto 3 times for Intraday |
Equity Options | NA | Buying no leverage, Shorting upto 3 times |
Currency Futures | Upto 3 times Intraday | Upto 2 times for Intraday |
Currency Options | NA | Buying no leverage, Shorting upto 2 times |
Commodities | Upto 3 times 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) | Power Indiabulls, Online Trading, Indiabulls Shubh | Trader Terminal, IIFL Markets App, Trader Web |
Total BSE+NSE Complaints | 43 | 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.
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 Indiabulls Vs IIFL for the benefits of other readers? Please feel free to share in the comments below.
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. Get the complete details of IIFL Demat Account to take an appropriate decision.
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