Hello Friends today we will discuss about which one is better between IIFL Securities Vs Zerodha. In this we will discuss about all the characteristics of both and know here which is better. Both the brokers are registered with SEBI (Stock Exchange Board Of India) and thses two offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Zerodha ranges between Rs 20. IIFL Securities is a Full Service Broker in the other hand Zerodha is a Discount Broker.
Zerodha is giving service more customer compare to IIFL Securities
IIFL Securities is having overall higher rating as compared to Zerodha. IIFL Securities is rated 4 out of 5 in the other hand Zerodha is rated only out of 5. Number of active customer in Zerodha is 76,62,920 where number of active customer for IIFL Securities is 4,49,829. So Zerodha is giving service more customer compare to IIFL Securities.
By this comparison you are able to choose best option among them
Today we discuss side-by-side comparison of IIFL Securities and Zerodha share brokers in India. The comparison is based on more than 100+ attributes for pure decision making. For precision we have compared IIFL Securities vs Zerodha’s on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This comparison mKe the things easy for you. This will help you in make up your mind and clear things so that you can choose the best broker among them.
Comparison of IIFL Securities vs Zerodha’s on
- AMC
- Plan types
- Brokerage plans
- Trading Platforms
- Investment Options
- Customer Service
- Demat Account
- Maintenance fees
- Rating
- Reviews
- Mobile App
- Margin/Leverage/Exposure
- And many more attributes
Compared both on trading & demat account opening charges and AMC
Comparison of IIFL Securities with Zerodha on trading & demat account opening charges and AMC. If we talk about the Trading account opening charges Both broker offers Free Trading account opening. Demat AMC charges – IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.
Compare IIFL vs Zerodha on Plan Options
Plans are the most necessary feature you search when compare IIFL Securities with Zerodha. This section compare on high level about type of plans offered by brokers. Both the brokers don’t have Multiple Plans, brokers offer only single plan. Both the brokers do not offer Monthly Plans.
Compare IIFL Brokerage Charges vs Zerodha on tje basis of
If we talk about IIFL Securities Brokerage Plan detail than IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
On the other side If we discuss about Zerodha Brokerage Plan detail Zerodha charges Rs 20 or .03%, whichever is lesser, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on trade. Rs 20 is the maximum brokerage you have to pay per executable order. Zero brokerage on equity delivery trFeatures
Compare IIFL Securities vs Zerodha on the basis of Account Features
If we Compare IIFL Securities with Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. both the brokers offers 2-in-1 account which includes trading and demat account. Zerodha gave Algo Trading where IIFL Securities doesn’t offers Algo Trading. IIFL Securities offers a margin funding on the other hand Zerodha doesn’t offers margin funding. Both broker give facility of NRI Trading.
Compare IIFL Securities vs Zerodha on Trading Platform
So , we have compared all the major features of Trading platform b/w IIFL Securities and Zerodha. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. On the basis of this you can choose best option for you according to your choice.
Compare IIFL Securities with Zerodha on the basis of Investment Offerings
If we compare both on the basis of Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives. Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Both broker offers trading options in Commodity (MCX). Both broker gave service of online mutual fund investment option. IIFL Securities provide PMS Service on the other hand Zerodha doesn’t offer this service.
Comparison of IIFL Securities vs Zerodha on the base of Customer Service
If we Compare IIFL Securities with Zerodha on customer service offered by the broker. This section compares types of service which are offered by both broker for a fast resolution for query/issue you have.
Compare IIFL Securities vs Zerodha on Demat Account
If we do the Comparison of IIFL Securities with Zerodha on Demat Service and Charges. Broker A with Broker B on Demat account, we mainly focus on two points – Demat AMC and Debit Transaction Charges. Demat AMC are the charges which one requires to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is recurring cost, so one should consider this cost when opening Demat account. Demat AMC for Zerodha is ₹300 pa while for IIFL Securities it is ₹400 pa.
If we discuss tje transaction charges on debit of shares or MF. For IPO, MF, Delivery trading when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay. Transaction charges on debit of ISIN for IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) and these are ₹8 + ₹5.50 (CDSL Charges) per transaction for Zerodha. You can see this charges on debit of Equity/Mutual Funds from your demat account.