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Edelweiss vs IIFL (Compare Edelweiss and IIFL)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Edelweiss vs IIFL, Below comparison of Edelweiss vs IIFL highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Edelweiss vs IIFL is given below:

Edelweiss IIFL
About The Brokers
Edelweiss :

"Edelweiss is one of the best brokerage houses that not just offers broking services but also offers you advisory and research facilities at extremely competitive pric   >>> more

IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Find More Information about the Broker :
Edelweiss :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Edelweiss :
 Full Service Broker
IIFL :
 Full Service Broker
Promo/offers
Edelweiss :
Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.
IIFL :
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Advantage
Edelweiss :
  • Security of your investment & money.
  • Top class customer service
  • Award-winning research services
  • Different brokerage plans for the different type of clients
  • Flat Rs 10 per executed order brokerage across the trading segments.
  • Facility to open Instant paperless online account.
  • Online IPO investment
  • Relationship managers and add-on services like PMS are available
  • Free call & trade services for Edelweiss Elite Plan subscribers.
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Disadvantage
Edelweiss :
  • Bracket orders and Good-Till canceled (GTC) orders are not available.
  • No 3-in-1 account facility available
  • Call & Trade is available at an additional cost of ₹ 20 per call.
  • ₹ 50 per month for research calls and trading tips.
  • High DP charges compared to other brokers..
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Why This
Edelweiss :
  • Edelweiss Broking Limited is full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs of gulf country.
  • Award Winning Research and user-friendly trading platforms.
  • They are versatile and provide the different broke plan to different types of clients.
  • Edelweiss despite being a Full-service broker offer both discount & Full-service brokerage plans.
  • Provide their services to Indians as well as NRIs and is very famous in Gulf countries.
  • Wide offline presence through branches and franchises makes it easy for customers.
  • Highly competitive brokerage plan as flat fee of ₹10 per order is comparatively cheaper than Zerodha, SAMCO and Upstox brokerage plan of ₹ 20/per order.
  • Multiple trading platforms - Edelweiss Mobile Trader, Edelweiss Terminal X3 and Edelweiss.in.
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
Open Account Open Account

Edelweiss vs IIFL Account Opening & AMC Charges

Edelweiss Trading Account Opening Fee is Rs 0 (Free) and IIFL Trading Account Opening Fee is Rs 0 (Free) . Edelweiss Demat Account AMC is Rs 500 (1st Year Free) and IIFL Demat Account AMC is Rs 250 (Free for 1st year) .

Edelweiss IIFL
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee :

Rs 0

Demat Account AMC Demat Account AMC :

Rs 500 (1st Year Free)

Demat Account AMC :

Rs 250 (Free for 1st year)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0

Open Account Open Account

Edelweiss vs IIFL Brokerage Charges

Edelweiss Brokerage Charges Equity Delivery is Rs 10 per executed order and Equity Intraday is Rs 10 per executed order and Equity Options is Rs 10 per executed order . IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order .

Edelweiss IIFL
Plan Name Plan Name :

Edelweiss Lite

Plan Name :

Edelweiss Elite

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

Rs 10 per executed order

Equity Delivery :

0.30%

Equity Delivery :

Rs 20 per order

Equity Intraday Equity Intraday :

Rs 10 per executed order

Equity Intraday :

0.03%

Equity Intraday :

Rs 20 per order

Equity Future Equity Future :

Rs 10 per executed order

Equity Future :

0.03%

Equity Future :

Rs 20 per order

Equity Options Equity Options :

Rs 10 per executed order

Equity Options :

Rs 75 per lot

Equity Options :

Rs 20 per order

Currency Futures Currency Futures :

Rs 10 per executed order

Currency Futures :

0.02%

Currency Futures :

Rs 20 per order

Currency Options Currency Options :

Rs 10 per executed order

Currency Options :

Rs 20 per lot

Currency Options :

Rs 20 per order

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures : - Commodity Futures : - Commodity Futures :

Rs 20 per order

Commodity Options Commodity Options : - Commodity Options : - Commodity Options :

Rs 20 per order

Open Account Open Account

Edelweiss vs IIFL Exchange Transaction Charges

Edelweiss Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side) and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) . IIFL Exchange Transaction Charges Equity Future is Rs 210 per Cr (0.0021%) and Equity Options is Rs 5100 per Cr (0.051%) (on premium) .

Edelweiss IIFL
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)

Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)

Equity Intraday :

Rs 325 per Cr (0.00325%)

Equity Future * Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)

Equity Future :

Rs 210 per Cr (0.0021%)

Equity Options * Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)

Equity Options :

Rs 5100 per Cr (0.051%) (on premium)

Currency Futures * Currency Futures :

NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)

Currency Futures :

Rs 210 per Cr (0.0021%)

Currency Options Currency Options :

Rs 4000 per Cr (0.04%) (on premium)

Currency Options :

Rs 5100 per Cr (0.051%) (on premium)

Commodity Commodity : - Commodity :

Group A - Rs 280 per Cr (0.0028%)

Open Account Open Account

Edelweiss vs IIFL Other Charges

Edelweiss Minimum Brokerage is 0.03% Equity delivery, 0.01% Intra-day and Futures and Call & Trade is Rs 20 per call . IIFL and Call & Trade is Rs 50 per call .

Edelweiss IIFL
Minimum Brokerage Minimum Brokerage :

0.03% Equity delivery, 0.01% Intra-day and Futures

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 20 per call

Call & Trade :

Rs 50 per call

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) : - DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

Other Miscellaneous Charges Other Miscellaneous Charges :

Margin Funding: 0.08%/day, Research: Rs 50 per month,

Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Open Account Open Account

Edelweiss vs IIFL Features

Edelweiss and IIFL both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Edelweiss IIFL
Trading Platform Trading Platform :

Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress

Trading Platform :

IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App

Placing orders through charts Placing orders through charts : - Placing orders through charts :

No

Trading Alerts Trading Alerts :

Yes

Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips :

Yes

Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program : - Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

No

Open Account Open Account

Edelweiss vs IIFL Demat Account Charges

A comparative table of various demat account charges between Edelweiss and IIFL is below:

Edelweiss IIFL
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (Free)

Account Opening Fee :

Rs 0 (free)

Advance Deposit Advance Deposit :

Nil

Advance Deposit :

Rs 0

AMC AMC :

Rs 500 per year (1st year free)

AMC :

Rs 250 (free for 1st year)

Dematerialisation Charges Dematerialisation Charges :

Rs 2 per certificate + Rs 30 for postage

Dematerialisation Charges :

Rs 15 per certificate

Rematerialisation Charges Rematerialisation Charges :

Rs 10 per 100 securities or part thereof (Subject to minimum of Rs 10 per request) + Rs 30 for postage

Rematerialisation Charges :

Rs 15 per certificate

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

0.02% of the transaction value or Rs 20 per transaction, whichever is higher

Transaction Charges (debit) :

Rs 25 per debit transaction

Pledge Creation Charges Pledge Creation Charges :

0.02% of the transaction value or Rs 50 per transaction, whichever is higher

Pledge Creation Charges :

Rs 10

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Nil

Pledge Creation Confirmation Charges :

Rs 0

Pledge Invocation Charges Pledge Invocation Charges :

0.02% of the transaction value or Rs 25 per transaction, whichever is higher

Pledge Invocation Charges :

Rs 15

Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges : -
Other Charges Other Charges :

Account Closing: Nil

Other Charges :

Conversion of MF units: Rs 0, Reconversion of MF units: Rs 0, Courier Charges: Rs 100 per request

Open Account Open Account

Edelweiss vs IIFL Basic Details

Edelweiss Year of Incorporation is 2002 and Total Number of Clients is 201574 and Total Number of Branches is 237 . IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 .

Edelweiss IIFL
Year of Incorporation Year of Incorporation :

2002

Year of Incorporation :

1996

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX

Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Demat Services Demat Services :

Yes

Demat Services :

Yes

Website Website : www.edelweiss.in Website : https://www.indiainfoline.com
Contact Details Contact Details :

1800-102-3335

Contact Details :

022-400710000

Total Number of Clients Total Number of Clients :

201,574

Total Number of Clients :

1,139,902

Total Number of Branches Total Number of Branches :

237

Total Number of Branches :

900

Products * Products : - Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Open Account Open Account

Edelweiss vs IIFL Orders

Orders

Edelweiss IIFL
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

No

Bracket orders / One Cancels Other (BO / OCO) :

Yes

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

Edelweiss vs IIFL Research and Advice / Trading Tips

Research and Advice / Trading Tips

Edelweiss IIFL
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation : - Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile :

Yes

Comparison * Comparison : - Comparison :

Yes

Free Tips * Free Tips :

Yes

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research : - ETF research :

Yes

Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

Yes

Open Account Open Account

Edelweiss vs IIFL Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Edelweiss IIFL
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs 3 to 5 lakh

Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Open Account Open Account

Edelweiss vs IIFL Product & Services

Edelweiss and IIFL both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Edelweiss IIFL
Delivery Based Trading * Delivery Based Trading : - Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

Yes

Margin Trading :

Yes

Call in Trade * Call in Trade : - Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges : - Trading in Both the exchanges :

Yes

Limit Order * Limit Order : - Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account : - 3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

No

NRI Services :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan : - Offers Multiple Plan :

Yes

IPO Investment * IPO Investment : - IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator :

No

Margin Calculator * Margin Calculator : - Margin Calculator :

No

Stop Loss Order * Stop Loss Order : - Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss : - Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading : - Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading :

Yes

Market Trading * Market Trading : - Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan : - Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading :

No

Open Account Open Account

Edelweiss vs IIFL Customer Services

Edelweiss and IIFL both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Edelweiss IIFL
Toll Free Number * Toll Free Number : - Toll Free Number :

No

Live Chat Facility * Live Chat Facility : - Live Chat Facility :

No

Email Facility * Email Facility : - Email Facility :

Yes

Branch Offices * Branch Offices : - Branch Offices :

Yes

Customer Care * Customer Care : - Customer Care :

Yes

Community Service * Community Service : - Community Service :

Yes

Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support : - 24/7 Support :

No

Open Account Open Account

Edelweiss vs IIFL Other Investement

Edelweiss and IIFL both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Edelweiss IIFL
Commodity Trading * Commodity Trading : - Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs : - Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds : - Investment in Bonds :

Yes

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments : - Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services : - Insurance Services :

Yes

Banking Services * Banking Services : - Banking Services :

No

Open Account Open Account

Edelweiss vs IIFL Trading Platform

Edelweiss and IIFL both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Edelweiss IIFL
Web Platform * Web Platform : - Web Platform :

Yes

Android Mobile App * Android Mobile App : - Android Mobile App :

Yes

Desktop Windows * Desktop Windows : - Desktop Windows :

Yes

Desktop Mac * Desktop Mac : - Desktop Mac :

No

I-Pad App * I-Pad App : - I-Pad App :

Yes

Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App :

Yes

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