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The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

 Equity                

 Commodity               

 Currency               

 Futures               

 Options               

Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

CHARGES

Account Opening Charge
Free
Account Maintenance Charge
₹250
Call & Trade Charges
₹20

BROKERAGE

Equity Delivery Brokerage
Zero
Equity Intraday Brokerage
₹20
Equity Futures Brokerage
₹20
Equity Options Brokerage
₹20
Currency Futures Brokerage
₹20
Currency Options Brokerage
₹20
Commodity Futures Brokerage
₹20
Commodity Options Brokerage
₹20

MARGINS

Equity Delivery Margin
4x
Equity Intraday Margin
20x
Equity Futures Margin
5x
Equity Options Margin
5x
Currency Futures Margin
2x
Currency Options Margin
1x
Commodity Futures Margin
3x
Commodity Options Margin
1x

Advantages

1.Being a full-service broker they have branches across India and abroad.

2.They provide free research reports for Equity shares and Mutual Fund recommendation.

3.For providing margin funding they also accept personal Fixed Deposits as collateral Customers can trade in equity, commodity, and currency through a single platform.

Disadvantages

1.IIFL brokerage charges are very high in comparison to other stock brokers.

2.They offer only Regular Plans in Mutual Funds.

3.The minimum brokerage which is high when compared to other brokers.