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Is IIFL safe for investing?

Yes. IIFL is SEBI-registered with NSE/BSE/MCX/NCDEX memberships and CDSL/NSDL DP registration. Your shares are held in your personal demat account with CDSL/NSDL, independent of IIFL. The 2023 SEBI order (technical client fund account naming violation) was overturned by SAT in December 2023 and reduced to a ₹20 lakh penalty. Client assets were never at risk.

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1 . Is IIFL a discount broker or full-service broker? 2 . Does IIFL offer free equity delivery trading? 3 . What is the difference between IIFL's three brokerage plans? 4 . What is IIFL's DP charge and how does it compare? 5 . Is the Super Trader Plan worth ₹999/month? 6 . Does IIFL offer PMS (Portfolio Management Services)? 7 . What trading platforms does IIFL offer? 8 . Does IIFL have NRI accounts? 9 . How does IIFL compare to ICICI Direct for a full-service investor? 10 . What happened with IIFL's SEBI order in 2023?
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