Interactive Brokers Vs F6 Online – Indian Share Brokers Comparison
Interactive Brokers Vs F6 Online
Here is a point by point comparison of Interactive Brokers Vs F6 Online. F6 Online is an evolving discount broker with a fixed price monthly and yearly subscription plans for its clients. One of the best part of F6 Online is that it has no annual maintenance changes involved in its pricing which is one of its own kind in this competitive stock broking space. Interactive Brokers is actually a US based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or F6 Online is internet based, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between F6 Online Vs Interactive Brokers 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
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
COMPARISON
Interactive Brokers Review | F6 Online Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 1977 | 2013 |
Number of branches across India | 1 | 7 |
Exchanges | NSE, BSE | NSE, BSE, MCX, NCDEX and NMCE |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
Transaction Charges | Interactive Brokers Transaction Charges | F6 Online Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Intraday Delivery | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Equity Futures | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Equity Options | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Currency Futures | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Currency Options | ₹6 to ₹20 per executed trade | ₹666 per month or ₹6666 per year |
Commodity | NA | ₹666 per month or ₹6666 per year |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | Upto 4 times |
Equity Futures | Upto 3 times Intraday | Upto 4 times |
Equity Options | Buying No Leverage, Shorting Upto 3 times | NA |
Currency Futures | Upto 2 times Intraday | Upto 4 times |
Currency Options | Buying No Leverage, Shorting Upto 2 times | NA |
Commodities | NA | 4 times of limit in the liquid commodities including Metals and Crude with no leverage in Agri commodities |
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) | IB Trader Workstation, IB TWS, IB WebTrader | F6 Online Web LIVE, F6 Online Mobile app |
Total BSE+NSE Complaints | 0.04% | 88 |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Interactive Brokers Vs F6 Online for the benefits of other readers. Please feel free to share in the comments below.
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