IIFL Securities Vs Definedge Securities
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.
Definedge Securities
IIFL Securities Vs Definedge Securities - Broker Details
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 2015 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX. |
| Branches | 2000+ | 270 |
| Brokerage | ₹20/ Order | ₹18 per executed order |
| Broker Type | Full Service Broker | Discount Broker |
IIFL Securities Vs Definedge Securities - Account Opening & AMC Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹180 |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards | ₹300 |
| Trading Account AMC | ₹0 (Free) | ₹300 AMC |
IIFL Securities Vs Definedge Securities - Brokerage charges & Plans
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | ₹20/ Order | ₹0 (Free) |
| Equity Options | ₹20/ Order | ₹18 per executed order |
| Commodity Options | ₹20/ Order | ₹18 per executed order |
| Equity Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹20/ Order | ₹18 per executed order |
| Fixed Charges | ₹20/ Order | ₹18 per executed order |
| Equity Intraday | ₹20/ Order | 0.03% or ₹ 18 per executed order whichever is lower |
IIFL Securities Vs Definedge Securities - Other Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | ₹20/ Order | ₹18 per executed order |
| Minimum Brokerage | ₹20/ Order | ₹18 per executed order |
IIFL Securities Vs Definedge Securities - Transaction Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | NSE ₹4220/ Cr (0.04220%) | MCX ₹3220/ Cr (0.03220%) (on premium) |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE ₹190 per Cr (0.0019%)| BSE ₹50 per Cr (0.00035) each side |
| Equity Intraday | 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% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/ Cr (0.00275%) (each side) |
| Equity Options | NSE: 0.053% on Premium value | NSE ₹5000/ Cr (0.05%) | BSE ₹50/ Cr (0.0005%) (on premium) |
| Commodity | 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 | MCX (Non-Agri) ₹230/ Cr (0.0023%) | MCX (Agri) ₹95/ Cr (0.00095%) |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | NSE ₹135/ Cr (0.00135%) | MCX ₹130/ Cr (0.00130%) |
| Equity Delivery | 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% | NSE ₹325/ Cr (0.00325%) | BSE ₹275/Cr (0.00275%) (each side) |
IIFL Securities Vs Definedge Securities - Margin (Exposure)
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal 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 Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal 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 Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
IIFL Securities Vs Definedge Securities - Features
| IIFL Securities | Definedge 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:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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IIFL Securities Vs Definedge Securities - Review & Rating
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
IIFL Securities Vs Definedge Securities - Request a call back from Broker
| IIFL Securities | Definedge Securities | |
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IIFL Securities Vs Definedge Securities - Investment Options
| IIFL Securities | Definedge Securities | |
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| 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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IIFL Securities Vs Definedge Securities - Order Type
| IIFL Securities | Definedge 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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IIFL Securities Vs Definedge Securities - Research & Report
| IIFL Securities | Definedge 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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IIFL Securities Vs Definedge Securities - Daily Market Report
| IIFL Securities | Definedge Securities | |
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| Daily Market Reports & News |
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IIFL Securities Vs Definedge Securities - Suitable For Investor
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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IIFL Securities Vs Definedge Securities - Pros & Cons
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Pros | 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). | 1. Well-established brokerage firm, 2. Diverse range of financial products, 3. Advanced trading platforms. 4. Experienced team of professionals, 5. Strong research and analysis support. |
| Cons | 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. | 1. Possible high fees or commissions, 2. Customer service quality might vary, 3. Limited physical branch presence, 4. May not cater to all types of investors.5. Platform complexity for beginners. |
IIFL Securities Vs Definedge Securities - Background
| IIFL Securities | Definedge Securities | |
|---|---|---|
IIFL Securities Vs Definedge Securities - Compare All Brokers
| IIFL Securities | Definedge Securities | |
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IIFL Securities Vs Definedge Securities - STT/CTT
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy and sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
IIFL Securities Vs Definedge Securities - Demat transaction charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹0 (Free) |
IIFL Securities Vs Definedge Securities - GST
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
IIFL Securities Vs Definedge Securities - SEBI Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
IIFL Securities Vs Definedge Securities - Account Opening & AMC Charges
IIFL Securities
Definedge Securities
Trading Account Opening Charge
₹0 (Free)
₹180
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
₹300
Trading Account AMC
₹0 (Free)
₹300 AMC
IIFL Securities Vs Definedge Securities
| IIFL Securities | Definedge 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 .. + " Vs "+ Definedge Securities |
Definedge Securities Review | Account Charges, Brokerage, and Trading Platforms |
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Definedge Securities
IIFL Securities Vs Definedge Securities - Brokerage charges & Plans
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Commodity Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Equity Delivery | ₹20/ Order | ₹0 (Free) |
| Equity Options | ₹20/ Order | ₹18 per executed order |
| Commodity Options | ₹20/ Order | ₹18 per executed order |
| Equity Futures | ₹20/ Order | 0.03% or ₹18 per executed order whichever is lower |
| Currency Options | ₹20/ Order | ₹18 per executed order |
| Fixed Charges | ₹20/ Order | ₹18 per executed order |
| Equity Intraday | ₹20/ Order | 0.03% or ₹ 18 per executed order whichever is lower |
| Call Back Open Account |
IIFL Securities Vs Definedge Securities - Margin (Exposure)
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal 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 Normal margin (Span + Exposure) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal 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 Normal margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure) |
| Call Back Open Account |
IIFL Securities Vs Definedge Securities - Other Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹36/- per order |
| Other Brokerage Charges | ₹20/ Order | ₹18 per executed order |
| Minimum Brokerage | ₹20/ Order | ₹18 per executed order |
IIFL Securities Vs Definedge Securities - STT/CTT
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell Side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell Side |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy and sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell Side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
IIFL Securities Vs Definedge Securities - Demat transaction charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹0 (Free) |
IIFL Securities Vs Definedge Securities - GST
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% (on brokerage + transaction charges) |
IIFL Securities Vs Definedge Securities - SEBI Charges
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
IIFL Securities Vs Definedge Securities - Features
| IIFL Securities | Definedge Securities | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
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| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15pm | Currency:- 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | 1. Zone Web, 2. Zone Mobile, 3. Tradepoint Software |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |