IIFL Super Trader Plan
India Infoline is one of the experienced financial service conglomerate which was established in the year, 1995. They are among the first financial broker who entered the market with the discount service brokerage by the name of 5paisa.com.
IIFL has recently launched 3 new Brokerage Plans designed for a different-different customer profile. Investor Plan (Online Plus), Super Trader Plan (Pro Traders), and Premium Plan (Dedicated RM). You can choose any of the plan basis your need while opening the demat account or any time after that as well. Here we would be discussing IIFL Super Trader Plan (Pro Traders).
IIFL Super Trader Plan (Pro Traders) which provides an opportunity to invest in the stock market at competitive rates and is been designed for the trader community who wants lower brokerage along with a host of services like Dedicated RM, research reports, Intra-day calls, Free call & Trade facility. Super Trader Plan (Pro Traders)is a subscription-based plan and cheapest among all 3 plans offered by IIFL. This plan is also a % based brokerage plan and would be suitable for Trader with high volume who needs services of dedicated Relationship Manager along with Trader terminal and wants to participate in events or Seminars organized by them at the cheapest brokerage rate. This plan can be subscribed to by paying monthly subscription charges of Rs.999
Key Features of IIFL Super Trader Plan (Pro Traders) Brokerage Plan:
- Dedicated RM
- Free Access to Trader terminal Software
- Free Call & Trade Facility
- Research reports
- Intraday Calls
- No Minimum Margin requirement
- Rs.999 Monthly Subscription Charges
IIFL Account Opening Charges | IIFL AMC 2020
IIFL charges Rs. 250 (Currently waived off) for trading and Demat account opening which is the one-time fee charged while initiating your account opening process. Rs. 250 (Free for the first year) are annual maintenance charges and would get deducted from your account even if you have not traded for a year by IIFL to maintain your account.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| IIFL Trading Account | Rs.250 (Currently waived off) account Opening | NIL |
| IIFL Demat Account | Rs.0 | Rs. 250 (Free for the first year) |
IIFL Super Trader Plan (Pro Traders) Brokerage Charges:
This plan is Cheapest among all 3 plans and suitable for traders with high volume. It offers a lot of value-added services along with a dedicated relation manager.
| EQ Delivery | 0.10% |
| EQ Intraday | 0.01% |
| EQ Futures | 0.01% |
| EQ Options | Rs.10/ Lot |
| CUR Futures | Rs.15/ Lot |
| CUR Options | Rs.5/ Lot |
| Commodity Trading | 0.015% |
IIFL Super Trader Plan (Pro Traders):
| DP transaction charge Debit | Rs.10 |
| Delayed Payment Interest | 18% P.a. |
| System & Risk square off | Rs.0 |
| Pledge & Unpledge charges/ ISIN (customer-initiated) | Rs.10 |
| Re-pledge and Release charges/ ISIN (collaterals) | Rs.1 |
| Pledge Invocation Charges | Rs.15 |
| Demat/ Remat Charges | Rs.15 |
| Payment Gateway Charges | Rs.0 |
| Re-issuance of (Additional) New DIS | Rs.100 |
| Postal Charges for physical dispatch | Rs.40 |
| Pledge charge (Broker Margin Funding) | Rs.50 |
IIFL Super Trader Plan (Pro Traders) Value Added Services
| Call and Trade | Free |
| Dedicated RM/ Advisor | Yes |
| Research Report | Yes |
| Market Guru seminars | Yes |
| Trader Terminal EXE | Yes |
| Intra-day calls | Yes |
| Analyst/ Investment advisor meetings | No |
| Minimum Margin | Rs.0 |
| Monthly subscription | Rs.999 |
Frequently Asked Questions:
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1. What is the IIFL Super Trader plan?
IIFL Super Trader Plan (Pro Traders) is been designed for the trader community who wants lower brokerage along with a host of services like Dedicated RM, research reports, Intra-day calls, Free call & Trade facility. Super Trader Plan (Pro Traders)is a subscription-based plan and cheapest among all 3 plans offered by IIFL. This plan is also a % based brokerage plan and would be suitable for Trader with high volume who needs services of dedicated Relationship Manager along with Trader terminal and wants to participate in events or Seminars organized by them at the cheapest brokerage rate. This plan can be subscribed to by paying monthly subscription charges of Rs.999
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2. What is the Brokerage of the IIFL Super Trader plan?
In The IIFL Super Trader Plan (Pro Traders), they charge 0.10% for delivery, 0.01% for equity intraday & futures,₹10 per lot for equity options, ₹15 per lot for Currency Future, ₹5 per lot for Currency options, and 0.015% for commodity trading.
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3. What are the benefits of IIFL Super Trader plan?
IIFL Super trader plan is mainly designed for the trader community where they are getting benefits of lower brokerage by paying subscription fees of Rs. 999 per month along with host benefits as mentioned below:
- Dedicated RM
- Free Access to Trader terminal Software
- Free Call & Trade Facility
- Research reports
- Intraday Calls
- No Minimum Margin requirement
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4. Is there any Subscription fees for IIFL Super Trader plan?
Yes, there are subscription fees of Rs. 999 per month for the IIFL Super trader plan, which is mainly designed for the trader community and offering lower brokerage along with a lot of value-added services.
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5. What are the Account Opening charges in IIFL?
IIFL charges Rs. 250 (Currently waived off) for trading and Demat account opening which is the one-time fee charged while initiating your account opening process. Rs. 250 (Free for the first year) are annual maintenance charges and would get deducted from your account even if you have not traded for a year by IIFL to maintain your account.
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6. Do IIFL charges for call & Trade facility?
No, IIFL provides Call & Trade at free of Charge
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7. How can you get the Free dedicated RM Facility in IIFL?
You can choose either IIFL Premium Plan or IIFL Super Trader plan to get free dedicated RM Facility
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