In Our Country various types of stockbrokers are present. IIFL Securities is one of them. It is the largest stockbrokers in India. IIFL Securities have approximately 3 million clients. It offers a wide range of broking services in which equity trading, commodity trading, and currency trading are involved. But one thought always strike in your mind that IIFL Securities safe is safe or not. Today in this article we will discuss about this. So for information please stay with us till end.
Know Here What is IIFL Securities
First Of All we discuss about what is IIFL Securities. So IIFL Securities is one of the largest independent retail and institutional broking houses in India. It contains over 3 million clients and a network of over 2,500 points of presence in over 500 cities.
IIFL Securities gave a wide range of broking services, including equity trading, commodity trading, currency trading, depository participant services, merchant banking, and distribution of financial products.
IIFL Securities has Been Awarded with many Awards
IIFL Securities got various awards for its broking services It also Have been Awared For “Best Stockbroker in India“. This award is given by the Global Banking & Finance Review in 2024. It also have a membership in the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), the Multi Commodity Exchange of India (MCX), and the National Commodity & Derivatives Exchange (NCDEX). Other than this It is also a depository participant with the Central Depository Services (India) Limited (CDSL).
Salient Features of IIFL Securites
- It’s a one-stop Solution for all your trading requiments.
- You get access to free research reports by which you can able about informed investment decisions.
- With the help of this You can create a watchlist tailored to your preferences.
- You can easily get a view intraday charts and live stock market indices.
- It gave you fast and convenient trading right on your mobile device.
- With the help of IIFL Securities You get instant notifications and alerts based on your selected conditions.
- By this You can easily track your order history.
- You have a option to cancel or modify your orders as needed.
- You can apply for IPOs and OFS (Offer for Sale) without having paperwork.
IIFL Securities Brokerage Charges
When trading stocks and derivatives through IIFL Securities’ iServe platform, customers will have to pay brokerage charges. These charges are equal across various segments, making it clear for traders to understand the costs related with their transactions. With These uniform brokerage charges across different trading segments the cost structure for traders using become simple. These chargs make IIFL Securities ’ iServe platform,transparent and easy to plan for trading expenses.
Here is a table of brokerage charges
| Segment | Charges |
| Monthly Fee (Fixed) | NA (Not Applicable) |
| Currency Options | Rs 20 per order |
| Currency Futures Rs 20 per order | Rs 20 /order |
| Commodity Options Rs 20 per order | Rs 20 /order |
| Commodity Futures Rs 20 per order | Rs 20 /order |
| Equity Options Rs 20 per order | Rs 20 /order |
| Equity Intraday Rs 20 per order | Rs 20 /order |
| Equity Delivery Rs 20 per order | Rs 20 /order |
| Equity Futures Rs 20 per order | Rs 20 /order |
What are IIFL Securities Transaction Charges
At the time of trading on IIFL Securities, customers may incur transaction charges, which are a combined form of Exchange Turnover Charge and Trade Clearing Charge. These charges are typically a percentage of the total turnover and can differ according trading segment.
What are IIFL Securities Trading Taxes/Charges
At the time of trading with IIFL Securities, it’s important to be know about of the various government taxes and charges that may apply to your transactions. These taxes are typically detailed in the contract note which is sent to customers at the end of the trading day.These taxes and charges, including Securities Transaction Tax (STT), GST, SEBI charges, and Stamp Duty, may vary. They depend on the type of trading activity in which you engage. You must informed about these tax rates for understanding the total cost associated with your trades on the IIFL Securities platform.
How to Open IIFL Securities Demat Account by Online Process
Opening an account with IIFL is a problem free and paperless activity that’s both convenient and free of charge for all customers. The online account activation can be completed in only few minutes. if your Aadhar Card is linked to your current phone number it become more easy to open IIFL Securities Demat Account. Here is the full details regarding opening the Account. By following these steps you can easily complete the process and open the account.
Step by Step Process For Opening of Account
- First Of All you have to register.
- For registration Visit IIFL Securities‘s Online Account Opening Website.
- At the website you have to Enter your name, email ID, and mobile number.
- After this you got a OTP on your mobile number.
- Than you have to Click on the link sent to your registered email and enter the OTP.
- Now enter your PAN Number, Date of Birth, and Aadhar Number.
- After this you Receive an OTP to validate your Aadhar.
IIFL will retrieve your all personal details from the eKYC Database. - Now you have to enter your address.
- Now Enter Bank Name, Account Number, Branch Name, or IFSC code.
- Now you have to Choose your investment options and preferred trading segments.
- Now you have to upload all the important documents which are needed.
- Now you can Choose Plans & Make Payment.
- And thats all by this process you can quickly and easily open an account with IIFL Securities.
Documents Needed For IIFL Securities Demat Account
- PAN Card
- Photo
- Cancelled Cheque or Bank Statements
- Financial Documents/Income Proof (for Derivatives & Currency Trading)
IIFL-Securities is safe stakebroker
IIFL-Securities is a financially stable company. It has a strong track record of profitability and has a good balance sheet. According to security measures, IIFL-Securities has implemented a number of measures to protect its clients’ data and funds. These measures include using two-factor authentication, data encryption, and regular security audits. So Overall, IIFL Securities is a safe and reliable stockbroker.