• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Check reviews of other Share brokers

FINVASIA vs IIFL (Compare FINVASIA 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 FINVASIA vs IIFL, Below comparison of FINVASIA 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 FINVASIA vs IIFL is given below:

FINVASIA IIFL
About The Brokers
FINVASIA :

"Finvasia is a discounted stock broker that offers lifetime zero brokerage on all equity delivery and intraday trades on BSE, NSE, NCDEX, and MCX. In addition to that,   >>> 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 :
FINVASIA :
OVERVIEW BROKERAGE PRODUCTS & SERVICES
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
FINVASIA :
 Discount Broker
IIFL :
 Full Service Broker
Promo/offers
FINVASIA :
N/A
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
FINVASIA :
  •  Finvasia offers lifetime free brokerage to its users which means they don’t charge any brokerage on trades, the customers is supposed to pay govt taxes , Stock exchange charges and monthly trading platform charges for using some advance tools & trading platforms.
  •  Finvasia offers free Demat + trading account opening and unlimited call & trade.
  •  Finvasia also offers free trade clearing.
  •  MCX Commodity trading offers GTC orders for all users
  •  Finvasia offers free trading software — ScalperT where the users can do trading on the web and through mobile apps.
  •  Finvasia offers APIs and Algo trading tools.
  •  Finvasia offers seamless KYC and Aadhar eSign facility to fasten the account opening process.
  •  Finvasia offers users advanced order types — cover order and bracket at the lowest fees.
  •  In addition to stock trading, Finvasia also offers Investment opportunity in Bonds, IPO and Mutual Funds.
  •  Finvasia offers excellent NRI trading.
  •  Finvasia Scalper trading platform allows its users to place various orders in one go and invest in multiple segments through a single platform.
  •  Online Chat support is available
  •  Online IPO Application facility is available for its customers
  •  Finvasia Scalper trading platform allows its users to place various orders in one go and invest in multiple segments through a single platform.
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
FINVASIA :
  •  There is no dedicated relationship manager in Finvasia; thus the traders need to look out for their portfolios themselves
  •  Does not provide 3in1 account facility.
  •  Finvasia charges for Advance order types like Bracket orders etc.
  •  Trading platforms like NEST and NOW are chargeable.
  •  GTC orders are not available at NSE and BSE. They are available at MCX.
  •  Finvasia is online broker and does not have any branches for local support.
  •  Scalpter (trading website) has only 1 min charting frame.
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
FINVASIA :
  •  The first discounted stockbroker in India offers lifetime brokerage free Demat + Trading account with Zero AMC, Free call & trade services, zero clearing services, and lowest transaction charges on equity delivery, intraday, and F&O.
  •  Finvasia offers a wide range of products under one roof — stock trading, commodities, currencies, mutual funds, IPOs, FPI (Foreign Portfolio Investors), NRI trading, wealth management to High Net Worth Individuals (HNIs), investment in real estate, and many more.
  •  Finvasia offers five excellent trading platforms to cater to different types of traders — ScalperT, NEST (Omnisys Powered Trading Terminal), NSE NOW, Blitz Trader (Algorithmic Trading Platform), and Symphony Presto.
  •  Finvasia offers quick paperless online account opening within 5 minutes.
  •  Finvasia trading platforms are available on Windows, MacBook, Android, and iOS platforms.
  •  Other features: advanced market search, live streaming prices, quick order execution, interactive charts, global indices, and many more.
  •  Finvasia offers a user-friendly trading platform with a global buy and sells window.
  •  Finvasia offers financial trading services to the NRIs, PIO (Person Indian Origin)/OCI (Overseas Citizens of India), Foreign Nationals, and QFI (Qualified foreign investor) that are interested to invest in the Indian market.
  •  Finvasia offers FPI (Foreign Portfolio Investors) from globally. FPI is offered by limited brokers in India and Finvasia is one of them even being a discounted broker.
  • Finvasia offers excellent wealth management resolutions to High Net Worth individuals based in India and NRIs.
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

FINVASIA vs IIFL Account Opening & AMC Charges

FINVASIA Trading Account Opening Fee is Rs 0 (Free) and IIFL Trading Account Opening Fee is Rs 0 (Free) . FINVASIA Demat Account AMC is Rs 0 per year (Lifetime Zero AMC) and IIFL Demat Account AMC is Rs 250 (Free for 1st year) .

FINVASIA 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 0 per year (Lifetime Zero AMC)

Demat Account AMC :

Rs 250 (Free for 1st year)

Trading Account AMC Trading Account AMC :

Rs 0 (Free)

Trading Account AMC :

Rs 0

Open Account Open Account

FINVASIA vs IIFL Brokerage Charges

FINVASIA Brokerage Charges Equity Delivery is Rs 0 and Equity Intraday is Rs 0 and Equity Options is Rs 0 . 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 .

FINVASIA IIFL
Plan Name Plan Name :

Finvasia default Brokerage Plan

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

Rs 0

Equity Delivery :

Rs 20 per order

Equity Intraday Equity Intraday :

Rs 0

Equity Intraday :

Rs 20 per order

Equity Future Equity Future :

Rs 0

Equity Future :

Rs 20 per order

Equity Options Equity Options :

Rs 0

Equity Options :

Rs 20 per order

Currency Futures Currency Futures :

Rs 0

Currency Futures :

Rs 20 per order

Currency Options Currency Options :

Rs 0

Currency Options :

Rs 20 per order

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

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

Rs 0

Commodity Futures :

Rs 20 per order

Commodity Options Commodity Options :

Rs 0

Commodity Options :

Rs 20 per order

Open Account Open Account

FINVASIA vs IIFL Exchange Transaction Charges

FINVASIA 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 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) .

FINVASIA IIFL
Equity Delivery Equity Delivery :

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

Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (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 :

Rs 5000 per Cr (0.05%) (on premium)

Equity Options :

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

Currency Futures * Currency Futures :

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 :

Rs 260 per Cr (0.0026%)

Commodity :

Group A - Rs 280 per Cr (0.0028%)

Open Account Open Account

FINVASIA vs IIFL Other Charges

FINVASIA Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 . IIFL and Call & Trade is Rs 50 per call .

FINVASIA IIFL
Minimum Brokerage Minimum Brokerage :

Rs 0

Minimum Brokerage : -
Call & Trade Call & Trade :

Rs 0

Call & Trade :

Rs 50 per call

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

₹9 (including CDSL Charges)

DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

Other Miscellaneous Charges Other Miscellaneous Charges :

Bracket Orders in NEST: Rs 99 per month

Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Open Account Open Account

FINVASIA vs IIFL Features

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

FINVASIA IIFL
Trading Platform Trading Platform :

Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto

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 :

No

Trading Alerts :

No

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

No

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

No

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) :

No

Margin Against Shares (Equity Cash) :

Yes

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

No

Margin Against Shares (Equity F&O) :

No

Open Account Open Account

FINVASIA vs IIFL Demat Account Charges

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

FINVASIA IIFL
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (+ stamp charge of Rs 199)

Account Opening Fee :

Rs 0 (free)

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Rs 0

AMC AMC :

Rs 0 for Individual/HUF/NRI
Rs 1000 per year for corporate

AMC :

Rs 250 (free for 1st year)

Dematerialisation Charges Dematerialisation Charges :

Rs 15 + Rs 99 Courier charges

Dematerialisation Charges :

Rs 15 per certificate

Rematerialisation Charges Rematerialisation Charges :

Rs 15 + Rs 99 Courier charges

Rematerialisation Charges :

Rs 15 per certificate

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

Rs 9 (including CDSL Fee)

Transaction Charges (debit) :

Rs 25 per debit transaction

Pledge Creation Charges Pledge Creation Charges :

Rs 25 + NSDL Charges

Pledge Creation Charges :

Rs 10

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges : - Pledge Creation Confirmation Charges :

Rs 0

Pledge Invocation Charges Pledge Invocation Charges :

Rs 25 + NSDL Charges

Pledge Invocation Charges :

Rs 15

Failed Instruction Charges Failed Instruction Charges :

Rs 49 per transaction

Failed Instruction Charges : -
Other Charges Other Charges :

  • Periodic Statements - Email: Free | Physical: Rs 99 Courier Charges
  • Adhoc / Non Periodic Statement - Email: Free | Physical: Rs 5 per page + Rs 99 Courier Charges
  • Delivery Instructions - First Booklet: Free | Additional: Rs 99 for 10 leaves
  • Check Bounce - Rs 299
  • Failed Transaction - Rs 49 per transcaction
  • Modification in Client Information - Rs 19 per request
  • Demat Closure Account - Nil
  • Delay Payment Charges - 2% per month on T+2 days

Other Charges :

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

Open Account Open Account

FINVASIA vs IIFL Basic Details

FINVASIA Year of Incorporation is 2013 and Total Number of Clients is 24293 and Total Number of Branches is 1 . IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 .

FINVASIA IIFL
Year of Incorporation Year of Incorporation :

2013

Year of Incorporation :

1996

Active Exchange Memberships Active Exchange Memberships :

BSE, NSE, MCX

Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Demat Services Demat Services :

No

Demat Services :

Yes

Website Website : https://finvasia.com/ Website : https://www.indiainfoline.com
Contact Details Contact Details :

+911726670000

Contact Details :

022-400710000

Total Number of Clients Total Number of Clients :

24,293

Total Number of Clients :

1,139,902

Total Number of Branches Total Number of Branches :

1

Total Number of Branches :

900

Products * Products :

Mutual Fund, Broking , NPS , Global Stocks, ETF

Products :

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

Open Account Open Account

FINVASIA vs IIFL Orders

Orders

FINVASIA 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) :

Yes

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) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

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

No

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

FINVASIA vs IIFL Research and Advice / Trading Tips

Research and Advice / Trading Tips

FINVASIA IIFL
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

No

Comparison :

Yes

Free Tips * Free Tips :

No

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research :

No

ETF research :

Yes

Quarterly Results * Quarterly Results :

No

Quarterly Results :

Yes

Open Account Open Account

FINVASIA vs IIFL Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

FINVASIA IIFL
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP :

Yes

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

NA

Investment required for Franchisee / AP :

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

Open Account Open Account

FINVASIA vs IIFL Product & Services

FINVASIA 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:

FINVASIA IIFL
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

Yes

Call in Trade * Call in Trade :

Yes

Call in Trade :

Yes

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

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

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

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

No

NRI Services :

Yes

SMS Alerts * SMS Alerts :

No

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

Yes

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis :

Yes

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

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

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

Yes

Bracket Orders & Trailing Stop Loss :

Yes

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

Yes

Equity Future & Option Trading :

Yes

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

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

Yes

Aumtomated Trading :

No

Open Account Open Account

FINVASIA vs IIFL Customer Services

FINVASIA 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:

FINVASIA IIFL
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

Yes

Live Chat Facility :

No

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

Yes

Customer Care * Customer Care :

Info Not Available

Customer Care :

Yes

Community Service * Community Service :

No

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

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

No

24/7 Support :

No

Open Account Open Account

FINVASIA vs IIFL Other Investement

FINVASIA 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:

FINVASIA IIFL
Commodity Trading * Commodity Trading :

Yes

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

Yes

Investment in Bonds :

Yes

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

No

Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services :

No

Insurance Services :

Yes

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

FINVASIA vs IIFL Trading Platform

FINVASIA 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:

FINVASIA IIFL
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

No

I-Pad App :

Yes

Virtual Trading * Virtual Trading :

Yes

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

No

iPhone Mobile App :

Yes

Contact Now
Open Account Open Account

User Reviews

Post New Message
0  Comments
- - -   Compare More Brokers   - - -