IIFL Vs Angel Broking
IIFL Vs Angel Broking 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 Angel Broking Comparison
Here is a point by point comparison of IIFL Vs Angel Broking.
Angel Broking, a leading full-service stockbroker, has built a brand of its own thanks to its high tech trading platforms and robo advisory services since its inception in 1987.
In the year of its existence, even Angel Broking hs done quite a bit in the trading technology space including Angel Broking ARQ, Angel Broking Mobile App, Angel Bee and more.
IIFL too 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. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between IIFL Vs Angel Broking 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 Angel Broking 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.
Angel Broking Review | India Infoline Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Full Service |
Incorporated In the Year | 1987 | 1995 |
Number of branches across India | 11,500 | 4400 |
Exchanges | BSE, NSE, MCX, MCX-SX | BSE, NSE, MCX, NCDEX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹750 |
Trading Account Annual Maintenance Charges | ₹450 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹555 |
Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
Transaction Charges | Angel Broking Transaction Charges | IIFL Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.50% |
Intraday Delivery | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.05% |
Equity Futures | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.05% |
Equity Options | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 1% of Premium or Rs.100/- per lot whichever is higher |
Currency Futures | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.05% |
Currency Options | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 1% of Premium or Rs.100/- per lot whichever is higher |
Commodity | ₹15 if order value is below ₹50,000, ₹30 if order value is above ₹50,000 | 0.05% |
Calculate Brokerage | Angel Broking Brokerage Calculator | IIFL Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday Upto 3 times for Delivery | Upto 20 times Intraday & 3 times for Delivery |
Equity Futures | Upto 4 times for Intraday | Upto 3 times for Intraday |
Equity Options | Upto 3 times for Intraday Selling No Margin for Buying | Buying no leverage, Shorting upto 3 times |
Currency Futures | Upto 2 times for Intraday | Upto 2 times for Intraday |
Currency Options | Upto 2 times for Intraday Selling No Margin for Buying | Buying no leverage, Shorting upto 2 times |
Commodities | Upto 3 times for Intraday | Upto 3 times for Intraday |
Margin | Angel Broking Margin | |
RESEARCH | ||
Daily Market Reports | ||
Tips/Recommendations | ||
Quarterly Analysis | ||
News Alerts | ||
Research | Angel Broking Research | |
TRADING SEGMENTS | ||
Equity | ||
Mutual Funds | ||
IPOs | ||
Currency | ||
Commodity | ||
CUSTOMER SERVICE OPTIONS | ||
Email Support | ||
Live Chat | ||
Phone | ||
Toll Free Number | ||
Offline Branches | ||
Customer Care | Angel Broking Customer Care | |
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) | Angel Broking App, Angel Broking Web (Angel Eye), Speed Pro | Trader Terminal, IIFL Markets App, Trader Web |
Complaint Percentage | 0.03% | 0.04% |
Complaints | Angel Broking Complaints | |
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.
Here is a brokerage calculator for your reference.
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 Angel Broking for the benefits of other readers? Please feel free to share in the comments below.
Finally, if you would like to get started with stock market trading or investments in general with a trading and demat account, let us assist you in taking the next steps forward:
Feel free to check out the Hindi version of our website as well.