Flattrade Vs IIFL Securities
Flattrade
Flattrade Capital Services Review 2024 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Flattrade Vs IIFL Securities - Broker Details
| Flattrade | IIFL Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2004 | 1995 |
| Exchanges | BSE, NSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 6 | 2000+ |
| Brokerage | ₹0 (Free) | ₹20/ Order |
| Broker Type | Discount Broker | Full Service Broker |
Flattrade Vs IIFL Securities - Account Opening & AMC Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹200 + GST | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Flattrade Vs IIFL Securities - Brokerage charges & Plans
| Flattrade | IIFL Securities | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | ₹20/ Order |
| Currency Futures | ₹0 (Free) | ₹20/ Order |
| Equity Delivery | ₹0 (Free) | ₹20/ Order |
| Equity Options | ₹0 (Free) | ₹20/ Order |
| Commodity Options | ₹0 (Free) | ₹20/ Order |
| Equity Futures | ₹0 (Free) | ₹20/ Order |
| Currency Options | ₹0 (Free) | ₹20/ Order |
| Fixed Charges | ₹0 (Free) | ₹20/ Order |
| Equity Intraday | ₹0 (Free) | ₹20/ Order |
Flattrade Vs IIFL Securities - Other Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| Other Brokerage Charges | ₹0 (Free) | ₹20/ Order |
| Minimum Brokerage | ₹0 (Free) | ₹20/ Order |
Flattrade Vs IIFL Securities - Transaction Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Currency Options | NSE : 0.035% | BSE : 0.001% | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | 0.0020% | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE : 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | 0.053% (on premium) | NSE: 0.053% on Premium value |
| Commodity | 0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option:- 0.05% | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE : 0.0009% | BSE : 0.00022% | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50) | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Flattrade Vs IIFL Securities - Margin (Exposure)
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Flattrade Vs IIFL Securities - Features
| Flattrade | IIFL Securities | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Flattrade Vs IIFL Securities - Review & Rating
| Flattrade | IIFL Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account | Call Back Open Account |
Flattrade Vs IIFL Securities - Request a call back from Broker
| Flattrade | IIFL Securities | |
|---|---|---|
Flattrade Vs IIFL Securities - Investment Options
| Flattrade | IIFL Securities | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Flattrade Vs IIFL Securities - Order Type
| Flattrade | IIFL Securities | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Flattrade Vs IIFL Securities - Research & Report
| Flattrade | IIFL Securities | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Flattrade Vs IIFL Securities - Daily Market Report
| Flattrade | IIFL Securities | |
|---|---|---|
| Daily Market Reports & News |
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Flattrade Vs IIFL Securities - Suitable For Investor
| Flattrade | IIFL Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Flattrade Vs IIFL Securities - Pros & Cons
| Flattrade | IIFL Securities | |
|---|---|---|
| Pros | 1. It provides free account opening and annual maintenance charges. 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. 5. Zero Brokerage in All Segments | 1. It is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD). |
| Cons | 1. It has a limited number of trading and investment products. 2. It has less focus on technology with only one in-house trading platform (Mobile app) and that too is kind a mediocre in performance. 3. The fortune trading is petty limited. 4. Exchange transactions charges are higher than other discount brokers. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds. |
Flattrade Vs IIFL Securities - Background
| Flattrade | IIFL Securities | |
|---|---|---|
Flattrade Vs IIFL Securities - Compare All Brokers
| Flattrade | IIFL Securities | |
|---|---|---|
Flattrade Vs IIFL Securities - STT/CTT
| Flattrade | IIFL Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on Sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Flattrade Vs IIFL Securities - Demat transaction charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
Flattrade Vs IIFL Securities - GST
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs IIFL Securities - SEBI Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs IIFL Securities - Account Opening & AMC Charges
Flattrade
IIFL Securities
Trading Account Opening Charge
₹200 + GST
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
Trading Account AMC
₹0 (Free)
₹0 (Free)
Flattrade Vs IIFL Securities
| Flattrade | IIFL Securities | |
|---|---|---|
Flattrade ReviewFlattrade Trading Corporation is a Chennai-based discount stock broking company. It was incorporated in 2004 as Fortune Capital Services Private Limited. It is one of the fastest growing financial brokers. It is an expert in offering the zero brokerage&nbs .. + " Vs "+ IIFL Securities |
IIFL Securities Review | Features and Brokerage PlansIIFL Securities is a part of IIFL Group. IIFL group was incorporated in the year 1995 while IIFL Securities was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial s .. |
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IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Flattrade Vs IIFL Securities - Brokerage charges & Plans
| Flattrade | IIFL Securities | |
|---|---|---|
| Commodity Futures | ₹0 (Free) | ₹20/ Order |
| Currency Futures | ₹0 (Free) | ₹20/ Order |
| Equity Delivery | ₹0 (Free) | ₹20/ Order |
| Equity Options | ₹0 (Free) | ₹20/ Order |
| Commodity Options | ₹0 (Free) | ₹20/ Order |
| Equity Futures | ₹0 (Free) | ₹20/ Order |
| Currency Options | ₹0 (Free) | ₹20/ Order |
| Fixed Charges | ₹0 (Free) | ₹20/ Order |
| Equity Intraday | ₹0 (Free) | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
Flattrade Vs IIFL Securities - Margin (Exposure)
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Flattrade Vs IIFL Securities - Other Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹50 +GST | Equity Options & Currency Options:- ₹20 + GST | ₹0 (Free) |
| Other Brokerage Charges | ₹0 (Free) | ₹20/ Order |
| Minimum Brokerage | ₹0 (Free) | ₹20/ Order |
Flattrade Vs IIFL Securities - STT/CTT
| Flattrade | IIFL Securities | |
|---|---|---|
| Commodity Futures | 0.01% on sell side | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sale side | 0.025% on Sell |
| Equity Options | 0.05% on sell side (on premium) | Option Excised 0.125% | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% Buy & Sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% on sell side | 0.01 % on Sell |
| Commodity Options | 0.05% on sell side | 0.05% on Sell Side |
Flattrade Vs IIFL Securities - Demat transaction charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | ₹20 + GST per scrip only on sell | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
Flattrade Vs IIFL Securities - GST
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Flattrade Vs IIFL Securities - SEBI Charges
| Flattrade | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Flattrade Vs IIFL Securities - Features
| Flattrade | IIFL Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Flattrade - (Share Trading App), Web Trading | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |