IIFL / India Infoline Review, Special Offers, Demat, Trading A/C and Brokerage

IIFL or India Infoline Limited is a premier financial service provider in our country. It is one of the oldest and largest financial firms as well. The company has many verticals and one of its financial services is stockbroking.

In this IIFL Review, you will read about the stockbroking business of the firm, its brokerage plans for the traders, other charges, account opening process and charges, exposure, products and services related to the investment arena and lot more details that you are looking for.

Find detailed India Infoline Review below.

IIFL Highlights
Broker TypeFull Service Broker
Demat Account AMCFree or Rs.300 per Annum
Margin RequiredMinimum Rs.25,000
Intraday Brokerage0.05%
Delivery Brokerage0.50%
ExposureUpto 10x

INDIA INFOLINE


What do you know about IIFL?

Let’s start this IIFL Review with a brief history of the company. IIFL started in the year 1995 by Nirmal Jain who is the founder of the company. The company is based out of Mumbai, the ‘Financial capital’ of the country.

The stock brokerage house is registered as a public limited company. This is a full service brokerage house with research and analysis department and services. The firm has been in the industry for decades and it has rich experience and a great network of investors and clients.

About IIFL 
Know few details about IIFL 
Which type of Company is it? – Public / PrivatePublic
Which type of Broker is it? – Full Service / DiscountFull Service Broker
Where is the registered office of Company Located?Mumbai, India
Who is the Founder of this Company?Nirmal Jain
When did the company started?1995

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What are the various Demat Account Opening Charges levied by IIFL?

IIFL Demat Account is with NSDL and CDSL which are the two depositories of the country. The IIFL Account Opening charges are quite high as you can see in the above table. It is Rs. 1300 which is one of the highest account opening charges charged by any stockbroker in the country.

The annual maintenance charges of the firm are Rs. 300 or free depending on the offers you get or the kind of account you choose. The maintenance on trading account is free for lifetime. The minimum money that you need to keep in the trading account at any point in time (margin money) is Rs. 25000. You can also avail the facility of dematerialization of the shares.

IIFL Demat Account Opening Fees
Check out the various fees charged for Opening a Demat Account with IIFL 
Which is the Depository Participant involved?NSDL & CDSL
What are the Demat account opening charges?Rs.1300
How much is the Demat AMC?Free or Rs.300 per Annum
What is the Trading AMC?Free
What is the initial Margin amount required?Minimum Rs.25,000
Is dematerialization available?Yes

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Does India Infoline provide any Offers to their Clients?

IIFL offers that they provide to the clients are includes free Demat and trading maintenance, flexible brokerage plans, and referral offers.

If you see the offers by this firm and compare with another brokerage house, you will realize that the offers are limited and there are not as many offers as other brokerage houses. However, their offers much more lucrative if not too many in numbers which is more beneficial for you most of the time.

IIFL Offers
Here are the various offers provided by IIFL 
Does the broker provide Free Demat A/C offer?Yes
Does the broker provide Free Trading A/C offer?No
Is this broker offers Discount on Brokerage?No
Does the broker offer Happy hour trading to their clients?No
Is the broking house provides flexible brokerage plan?Yes
Does the broker offer 1 month Free brokerage?No
Is the Holiday offers provided by the broker?No
Are there any referral offers shared by the broker?Yes
Zero Brokerage for Loss Making TradesNo

What are the Brokerage Charges levied by IIFL on various Segments?

IIFL Brokerage Charges is completely at with the market. Their charges as per the table mentioned above are replicating the market average charges – brokerage rates charged by the brokerage houses of its stature.

However, in certain segments, like currency options, it charges Rs. 100 per lot which is too high even if compared to the market average. They also have a minimum brokerage system which is of Rs. 0.05 per share which is different from most of the brokers as others charge a flat minimum brokerage.

IIFL Brokerage Charges 
Here you will find details of brokerage levied by IIFL on all segments
What are the Equity Delivery Charges?0.50%
What are the Equity Intraday Charges?0.05%
How much brokerage charged for Commodity Trading?0.05%
What is the brokerage on Equity Futures?0.05%
How much brokerage charged for Equity Options?Rs.100 per Lot
What is the brokerage on Currency Futures?0.05%
What is the brokerage on Currency Options?Rs.100 per Lot
How much is the Minimum Brokerage requires?Rs.0.05 per Share
What is the Demat AMC?Free or Rs.300 per Annum
How much is the Trading AMC?Free
What is the Minimum Margin Required?Minimum Rs.25,000

Does India Infoline levy any other charges apart from Brokerage?

IIFL Charges apart from the brokerage charges are the charges that you are bound to pay. These include GST, SEBI turnover charges, STT, and others. These charges are fixed by SEBI and the government so they are fixed and not variable as per the brokerage houses.

The only charge in this segment which varies is the transaction charge and for IIFL it is 0.00325% of the total turnover which is at par with the market average charge for this category.

IIFL Charges
Get deep understanding of all other charges levied by IIFL 
How much is the Transaction Charges levied?0.00325% of Total Turnover
What are the STT charges?0.0126% of Total Turnover
What are the SEBI Turnover charges?0.0002% of Total Turnover
How much is the Stamp Duty levied?Depends on State (very minimal)
How are the GST charged?18% of (Brokerage + Transaction Charges)

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What is the Limit or Exposure offered by IIFL?

IIFL Margin trading is not that popular or beneficial as the exposure limits are not that high. The India Infoline Exposure for the intraday segment is 10 times and that is the maximum in any of the segments. The leverage level is not that high as compared to other brokers in the country.

IIFL Exposure or Leverage
Here you will find the exposure or limit provided by IIFL 
How much is the limit on Equity Delivery?Upto 5x
What is the limit on Equity Intraday?Upto 10x
How much is the limit on Equity Futures?Upto 7x
What is the limit on Equity Options?Upto 5x
What is the exposure on Currency Futures?Upto 8x
How much is the leverage on Currency Options?Upto 5x
What is the limit on Commodity Trading?Upto 8x

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How To Open IIFL Demat & Trading Account?

To Open IIFL Demat Account and trading account, you need to –

  1. Click on the ‘open Demat account’ button you found on this article. Once you click on the button, you will be redirected to a webpage.
  2. There you have to enter your personal and other details as asked on the form. Once you enter the details and click on submit, you will land on to another page.
  3. There you have to upload the documents of yours which are required for verification purpose. The documents that you will generally require are PAN, AADHAAR, Voter ID, Bank Statement, address proof, and others.
  4. The executives of IIFL will call you once you upload all these documents successfully on to their system.
  5. Then you will get the further direction from them and your account will be opened within a few hours of the verification process is successful.

It is very simple to Open IIFL Trading Account and Demat account with this article of ours.


What are the various Trading Platforms provided by IIFL?

IIFL Trading Platforms includes IIFL Mobile App, IIFL Trading Terminal and web-based trading platform. They all have a variety of features and facilities for making your trading experience rich and smooth. You can try each of their applications or choose one according to your preference and need.

IIFL Trading Terminal: IIFL Trader Terminal

The trading terminal is the software that you need to download on your laptop or the desktop and it is mainly for the day traders who trade in huge volume. The IIFL trading terminal requires a .Net framework in the device before installation. It is for the Windows operating system and has plenty of features.

IIFL Web-based Trading Platform: IIFL Trader Web

Web-based trading platforms are becoming quite popular these days. The IIFL trading platform for the browser is fast and user-friendly and there is no need for any installation and downloads. It also has ample of features which will be discussed in the next section.

IIFL Mobile Trading App: IIFL Markets App

This is the handiest and simple application offered by IIFL. The mobile trading platform is lightweight and uses little space and data for execution but provide great trading experience and exceptional at tracking portfolio and market.

IIFL Trading Platforms
Here you will find all the important trading platforms available with it
Do they have Trading Terminals for Windows?Yes
Do they have Trading Terminals for Mac?Yes
Are they providing Web Trading Platform?Yes
Do they have Mobile Web Platform?Yes
Does this broker provide Mobile Trading App for Android?Yes
Does this broker provide Mobile Trading App for iOS?Yes
Are they having Mobile App for Windows OS?No
Do they have Mobile Trading App for Other OS?No

What are the features available in India Infoline Trading Applications?

IIFL Trading Terminal – IIFL Trader Terminal Features

  • You get to see all the real time data and updates on the terminal and you can prepare your own watch list with the stocks and scrips that you want to monitor
  • The safety and security of the terminal is super high and your transactions are completely secure
  • The performance of the terminal is great and the orders are executed in real time without much distraction from the price you want or place the order at
  • The terminal provides speed and efficiency at the same time
  • Terminal software is loaded with research reports and tools for analytical uses. you can refer to the reports and also do your own research as per your convenience
  • There are charts, technical and fundamental analysis tools and reports
  • Heat maps, technical indicators are in abundance in the terminal
  • You can transfer funds across the banks and there is a link with more than forty banks
  • You can customize the platform according to your own preference and need

IIFL Web Trading Platform – IIFL Trader Web Features

  • You get highly advanced technical indicators, charts, tools for analysis and many other such features
  • There is no need to download any software, you just log in and trade
  • There are a variety of orders and execution is superfast
  • The research reports are available on this platform here as well and you get all the updates about the market on this platform

IIFL Trading App – IIFL Markets App Features

  • If you want to trade with a swipe, then IIFL mobile trading platform is just the right application for you. With one swipe you can place your trading order and this helps in capturing the real time price
  • On the mobile application, you can build a watch list of 50 scrips and track and monitor them always
  • Using the IIFL Mobile app, you can invest in IPOs and OFS. This feature is very rare on any other mobile trading platform.
  • There is a message board or forum, where you find other traders messages about the market situation
  • There are a variety of orders, one can set alert for alteration in the price threshold and set alerts for other aspects as well like price increase and decrease.

The IIFL Mobile trading application is considered to be one of the top mobile trading platforms in the country.

IIFL Trading Application Features
Here you will find various features available in Trading Platforms provided by IIFL 
Are these platforms capable of Real time Updates?Yes
Do these Applications provide Portfolio Details?Yes
Are this software’s providing Online MF Buy?Yes
Do these platforms have News Flash?Yes
Are these platforms providing Research Reports?Yes
Are these platforms Easy to Install & use?Yes
Do these Apps have Global Indices?Yes
Are these platforms having Stock Tips?Yes
Do this software’s provide Personalized Advisory?Yes
Are these platforms capable of Interactive Chartings?Yes
Do these Apps provide Live Markets data?Yes
Do they provide SMS Alerts?Yes
Are they providing Email Alerts?Yes
Do these platforms has Multi Account Management solution?Yes

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What are the various Products provided by IIFL?

The range of the IIFL Products is vast and it includes most of the financial instruments as you can see in the above list as well. The firm provides equities, currencies, commodities and every other instrument to trade.

The banking products and Insurance products are not there as they do not have these departments as of now. However, there is no need to worry about the same as your main purpose of stockbroking products are offered by the firm in abundance.

IIFL Products
Here are the various products provided by IIFL 
Does the broker allow Equity Trading?Yes
Does the broker allow Commodity Trading?Yes
Do they have Currency Trading product available?Yes
Do they provide Options trading?Yes
Are the clients allowed to trade in Futures?Yes
Do they have Mutual Funds as product?Yes
Does the broker allow Forex trading?Yes
Does the broker have Banking products?No
Is SIP allowed by the broker?Yes
Do they have Insurance as a Product?No

What are the various Services offered by IIFL?

Similarly, as products, the IIFL Services are innumerable. The firm offers an array of services starting from the Demat and trading services to the IPO, intraday and PMS services as well.

The firm provides free stock recommendations to the investors and the traders apart from the reports they circulate from the research and advisory service department.

IIFL Services
Check out the various services provided by IIFL 
Does the broking house provide Demat Services?Yes
Does the broking house provide Trading Services?Yes
Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?No
Do they provide Intraday Services?Yes
Are they offering IPO Services to the client?Yes
Do they have Stock Recommendations available?Yes
Are they providing tools for Robo Advisory?No
Does the broker provide PMS?Yes
Do they have Trading Institution available?No
What is the Trading Exposure this broker provides?Upto 10x

Does India Infoline provide Research & Advisory to their clients?

If you need a broker who provides each and every kind of research and advisory services then choose IIFL Research and IIFL Advisory.

They circulate each and every kind of research reports whether it is about the company review, stock review, annual reports, monthly, weekly reports, and even daily reports. The IIFL Tips are bang on most of the time and you can get ample of opportunities to trade using those tips.

You also get advisory services offline and you can opt for Relationship manager’s service if you require.

IIFL Research, Advisory & Stock Tips
Here are the various research activities done by IIFL 
Does the broker shares Fundamental Reports?Yes
Does the broker shares Research Reports?Yes
Do they provide Company Reports to their clients?Yes
Are they analysing Annual Reports of Companies?Yes
Do they share Company Stock Review?Yes
Are they sharing Free Stock Tips to their clients?Yes
Do they analyze & share IPO Reports?Yes
Does the broking company provide Top Picks?Yes
Are they sharing Daily Market Review?Yes
Do they have Monthly Reports?Yes
Does the broker provide Weekly Reports?Yes
Are they having Offline Advisory?Yes
Do they provide Relationship Manager to clients?Yes

What are the Customer Care details of IIFL?

The IIFL Customer Care is available on 180030001155. You can also reach them on their email support and chat support. They have a dedicated dealer service as well.

The customer service executives are available to solve your queries round the clock and this service is rare in the market as most of the other brokers remain available only for the market hours.

IIFL Customer Support
Let’s have a better understanding of Customer Care Service of IIFL 
Are they providing Dedicated Dealer to their clients?Yes
Do they allow Offline Trading?No
Do they have facilities for Online Trading?Yes
Are they providing 24*7 Support?Yes
Does this broker provide Email Support?Yes
Is this broker having Chat Support?1800 3000 1155
How many Branches the stock broker has?120

Are there any Complaints filed against India Infoline by their clients?

The IIFL Complaints registered on NSE where 214 out of which 212 were resolved last year and on BSE it was 145 out of which 122 had been solved.

The numbers of complaints in regards to the active clients are next to nil and on top of that those issues are also solved within very short period. This shows the genuineness of the firm and their dedication and cares towards the clients.

IIFL Complaints
Here you will know about the Complaints lodged against IIFL 
What is the total number of Complaints Lodged in BSE?145
How many of these complaints have been Resolved in BSE?122
What is the total number of Complaints Lodged in NSE?214
How many of these complaints have been Resolved in NSE?212

What Are The Advantages / Benefits Of India Infoline or IIFL Trading Account?

The advantages of trading with IIFL Trading Account are –

  • You get all the research reports and services and advisory services that traders ask for
  • IIFL is a brand in this financial industry and you can completely rely on them
  • They have a very average brokerage plans
  • The exposure level is also average
  • Wide variety of products and services are available with them under one roof
  • Trading platforms especially the mobile trading platform is regarded as the top platform in India

What are the IIFL Review & Ratings as per their Customer?

IIFL Ratings suggest that the firm has exceptional research services and broking advisory. The IIFL Review by customers suggests that they also have very decent brokerage charges and other charges and they are happy with the charges.

The trading software is also applauded but needs betterment as per the ratings depicts. The overall experience of the customer seems satisfactory by a 7.1 rating out of 10.

IIFL Ratings & Reviews
We are looking at Companies Ratings on various parameters
Stock Market Research & Broking Advisory8.0/10
Brokerage & other Charges like – Turnover, Transaction Charges etc.8.0/10
Types of Products & Services the Brand provides6.3/10
Performance Mobile App, Trading Terminal & Web Trading Platform6.5/10
Experience in the Broking Business7.0/10
Total Avg. Rating of Broking House7.1/10
Star Rating of given to Stock Broker★★★★☆
Number of People Contributed to these Ratings293

IIFL or India Infoline Conclusion

We hope this IIFL Review provided you enough information about IIFL. The firm has great research services and an abundance of products and other services with reasonable brokerage charges.


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