Basan Equity Broking Vs IIFL Securities
Basan Equity Broking
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.
Basan Equity Broking Vs IIFL Securities - Broker Details
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2007 | 1995 |
| Exchanges | BSE, NSE, MCX, NSDL, and CDSL | NSE, BSE, MCX and NCDEX |
| Branches | N/A | 2000+ |
| Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Broker Type | Full Service Broker | Full Service Broker |
Basan Equity Broking Vs IIFL Securities - Account Opening & AMC Charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹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) |
Basan Equity Broking Vs IIFL Securities - Brokerage charges & Plans
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Commodity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Currency Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Delivery | Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order | ₹20/ Order |
| Equity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Commodity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Currency Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Fixed Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Intraday | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
Basan Equity Broking Vs IIFL Securities - Other Charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Minimum Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
Basan Equity Broking Vs IIFL Securities - Transaction Charges
| Basan Equity Broking | 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% |
Basan Equity Broking Vs IIFL Securities - Margin (Exposure)
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 4x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal 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 Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Basan Equity Broking Vs IIFL Securities - Features
| Basan Equity Broking | 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 | 1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe | 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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Basan Equity Broking Vs IIFL Securities - Review & Rating
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Basan Equity Broking Vs IIFL Securities - Request a call back from Broker
| Basan Equity Broking | IIFL Securities | |
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Basan Equity Broking Vs IIFL Securities - Investment Options
| Basan Equity Broking | IIFL 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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Basan Equity Broking Vs IIFL Securities - Order Type
| Basan Equity Broking | 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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Basan Equity Broking Vs IIFL Securities - Research & Report
| Basan Equity Broking | IIFL Securities | |
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| 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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Basan Equity Broking Vs IIFL Securities - Daily Market Report
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Daily Market Reports & News |
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Basan Equity Broking Vs IIFL Securities - Suitable For Investor
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Basan Equity Broking Vs IIFL Securities - Pros & Cons
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Pros | 1. Professional Expertise 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.Personalized Services, 6. Efficient Trading Platforms | 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.Market Volatility Risks 2. Dependency on Market 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. |
Basan Equity Broking Vs IIFL Securities - Background
| Basan Equity Broking | IIFL Securities | |
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Basan Equity Broking Vs IIFL Securities - Compare All Brokers
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
Basan Equity Broking Vs IIFL Securities - STT/CTT
| Basan Equity Broking | 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 |
Basan Equity Broking Vs IIFL Securities - Demat transaction charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | N/A | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
Basan Equity Broking Vs IIFL Securities - GST
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Basan Equity Broking Vs IIFL Securities - SEBI Charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Basan Equity Broking Vs IIFL Securities - Account Opening & AMC Charges
Basan Equity Broking
IIFL Securities
Trading Account Opening Charge
₹0 (Free)
₹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)
Basan Equity Broking Vs IIFL Securities
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
Basan Equity Broking Account Opening Process, Charges, and Details |
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.
Basan Equity Broking Vs IIFL Securities - Brokerage charges & Plans
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Commodity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Currency Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Delivery | Traditional Plan - 0.5% | Cash Zero Plan- ₹0 per order | ₹20/ Order |
| Equity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Commodity Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Futures | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Currency Options | Traditional Plan - ₹50 per lot | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Fixed Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Equity Intraday | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Call Back Open Account |
Basan Equity Broking Vs IIFL Securities - Margin (Exposure)
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 4x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal 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 Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
Basan Equity Broking Vs IIFL Securities - Other Charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | ₹0 (Free) |
| Other Brokerage Charges | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
| Minimum Brokerage | Traditional Plan - 0.05% | Cash Zero Plan- ₹20 per order | ₹20/ Order |
Basan Equity Broking Vs IIFL Securities - STT/CTT
| Basan Equity Broking | 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 |
Basan Equity Broking Vs IIFL Securities - Demat transaction charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity Demat Transaction Charges | N/A | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell |
Basan Equity Broking Vs IIFL Securities - GST
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (brokerage + transaction charges + SEBI charges) | 18% on (Brokerage + Transaction Charge) |
Basan Equity Broking Vs IIFL Securities - SEBI Charges
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Basan Equity Broking Vs IIFL Securities - Features
| Basan Equity Broking | IIFL Securities | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| 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:- 3:20pm | Currency: 4:30PM | Commodity:-11:30 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. Cash Basan Mobile App, 2. Basan Online Web Platform, 3. Basan Desktop Trading Exe | 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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