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IIFL Zero Brokerage Plan

IIFL Zero Brokerage Plan

India Infoline is one of the experienced financial service conglomerates 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 is a full-service broker and provides high-quality research and other financial data to investors.

IIFL has recently launched a Zero brokerage plan to counter discount brokerage firms. Zero Brokerage plan by IIFL provides Free delivery trades, Equity intraday, and futures trade at ₹20 or 0.05% whichever is lower, Commodity & Equity options trade at Flat ₹ 20 per lot.

IIFL Zero Brokerage Plan provides the benefits offered by the full-service broker like access to research reports and Intraday calls at a cost similar or lower than the discount brokers. This plan is a flat fee brokerage plan and would be suitable for the Trader community & other investors who can trade on their own and does not needs other services like the services of a dedicated Relationship Manager along with Trader terminal, participation in events, or Seminars organized by them. This plan does not have any monthly or yearly subscription charges

Key Features of IIFL Super Trader Plan (Pro Traders) Brokerage Plan:

  • Free Delivery Trade
  • ₹20 or 0.05% whichever is lower for Intraday & Future Trade
  • Flat ₹20 per lot for Equity Options Trade & Commodity Options Trade
  • Research reports
  • Intraday Calls
  • No Minimum Margin requirement
  • No Monthly or Yearly Subscription Charges

IIFL Account Opening Charges | IIFL AMC 2021

IIFL charges Rs. 295 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.295 account Opening NIL
IIFL Demat Account Rs.0 Rs. 250 (Free for the first year)

IIFL Zero Brokerage Plan Brokerage Charges:

This plan is the cheapest plan offered by IIFL suitable for traders & investor who can trade online and does not need services of dedicated RM.

EQ Delivery Free
EQ Intraday ₹20 or 0.05% whichever is lower
EQ Futures ₹20 or 0.05% whichever is lower
EQ Options ₹20/ Lot
CUR Futures ₹20 or 0.05% whichever is lower
CUR Options ₹20/ Lot
Commodity Trading ₹20

IIFL Zero Brokerage Plan Value Added Services

Research Report Yes
Intra-day calls Yes
Dedicated RM/ Advisor No
Market Guru seminars No
Trader Terminal EXE No
Analyst/ Investment advisor meetings No
Minimum Margin ₹0
Monthly subscription ₹0

IIFL Zero Brokerage Plan-Other charges:

DP transaction charge Debit Rs.25
Delayed Payment Interest 18% P.a.
System & Risk square off Rs.100
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

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