IIFL Securities Brokerage Charges, Transaction Charges and STT
IIFL Securities is a part of IIFL Group and was incorporated in 1995. 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 service provider in that provides a broad range of services. It is the highly recognized brand for the quality of advice, personalized service and the usage of cutting-edge technology.
The full-service stock broker provides an online trading and research-based advisory services for the complete range of financial products that includes Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc.
The full-service broker has a broad network across India. Its branches are spread across all the major cities and states. It is very famous among the retail investors and the traders for their personalized services by taking the help of Relationship Manager and the branches.
The Unique Offering of IIFL is the Equity or Commodity Broker and Research. It was initially introduced as the retail broking firm and launched its 5paisa trading solution or platform. Its 5paisa firm provided the discount brokerage charges in the stock broking industry and also has given freedom to make the transactions by several traditional ways.
IIFL securities attain the customer attention by providing the excellent brokerage plans to suit the needs of each trader.
1. Investor Plus (Online Plus)- It charges a fixed percentage-based brokerage irrespective of the turnover done by the trade. Such plans are suited for various casual investors that trade once in a while. In this plan the brokerage charges for equity delivery is 0.25%, Futures is 0.025% and equity options is ₹25 per lot. It also includes free research reports and Intra-day calls.
2. Premium Plan- It is for the customers that requires personal assistance. The customers get their dedicated Relationship Manager (RM) to the investors for the in-person assistance in trading. It is highly suitable for the frequent traders with the high trading volume. It offers free research reports, intra-day calls, a dedicated RM free research and a free exe-based trading terminal.
3. Super Trader plan (Pro Traders)- This plan is mostly used for the various professional traders. It has a monthly subscription fee of ₹999.
This plan also facilitates its customers with a dedicated RM, free research and a free exe based on the trading terminal.
IIFL Securities Brokerage Charges
A customer has to pay a commission amount at the time of buying and selling stocks through IIFL securities. The brokerage charges for various segments such as equity, commodity and currency derivative trading for IIFL securities.
SEBI has assigned DPs in order to determine the value of holding on to the basis of the daily closing price or Net Asset Value of the securities or the units of mutual funds. If the value of your holdings exceeds by the slabs then the DPs are permitted to change the same as they charge non-BSDA regular demat accounts.
IIFL POA form is signed for the limited purpose. It allows IIFL to perform limited activities in the demat account of a client like the debit of shares from the account. IIFL asks its customers about the Power of Attorney (POA).
The Securities that are held in the depository account can be pledged in order to avail the loan or credit facility. Pledge of Securities in CDSL/NSDL depository requires both the borrower and the lender to have an account within a same depository either in NSDL or CDSL.
The customers will receive SMS on the registered mobile number and a welcome mail on the registered mail id. He will also receive a welcome letter along with the welcome kit on the registered address. Further, the customers will receive the password on the registered mobile number.