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Overview Overall

"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 from the offline hurdles. Most of their works are paperless which hasten their every process. With the experience of more than 2 decades, they become a reliable broker to trade through"

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services
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    • 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.


    • 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

Needs Improvement

    • Scope improvement is there in customer support.
    • Provides only 2-in-1 account facility
    • Less transparency in brokerage plans
    • High brokerage.
    • Minimum Brokerage charges
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.
IIFL Review  
Year of Incorporation 1996
Products Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking
Demat Services Yes
Active Exchange Memberships NSE, BSE, MCX, and NCDEX
Website https://www.indiainfoline.com
Contact Details 022-400710000
Total Number of Clients 437,829
Total Number of Branches 900

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.

This financial company has gained massive popularity under the leadership of Mr. Niral Jain who holds the position of chairman in the IIFL. They work on constant improvement to improve their services and provide the best experience to their customer. Even their website says that they work with the vision of "To be the most respected financial service company in India – not necessarily largest or most profitable".

With the pan India presence, they provide various financial products. To name a few: Mutual funds, equity trading, Commodity trading, derivatives and currency trading, IPO, SME exchange, and Fixed income instruments. When it comes to services, they provide financial planning, wealth management & investment banking.

Apart from serving Indian investors, they help NRIs also and have their presence all over the world. They have offices in Canada, USA, UK, Mauritius, Hong Kong, Switzerland, UAE, and Singapore

They have got recognition for their commendable work from many communities. For example, They won Best Private Banking Services. Over All India 2017 by Euromoney. ET has recognized them as the Best BFSI brand. Also, they have won the award of Digital Innovation Champion by CIO Crown 2016.

IIFL is amongst the largest retail broker having a pan India presence with 1900+ branches across the country and having more than 20000 employees.

IIFL Markets (mobile trading platform) is the best rated (4.3) and highest downloaded app among its peer group on Google Play Store.

IIFL Affiliation Details

  1. CIN : U67120MH2004PLC147365
  2. DP ID :
    • NSDL: IN-DP-NSDL-185-2000
    • CDSL: IN - DP-352-2006
    • Research Analyst : INH000000248
    • Portfolio Manager: INP000002213
  3. IIFL NSE Member ID:
    • Capital Market (CM) - INB 231097537
    • Future & Options (F&O) - INF 231097537
    • Currency Derivatives (CDS) - INE231097537
  4. IIFL Member ID:
    • Capital Market (CM) - INB 011097533
    • Future & Options (F&O) - INF011097533

Customer's Service options offered by IIFL Securities

IIFL offers multiple communication channels to its clients for using the customer service:

  1. Phone Number of IIFL:
    • Call & Trade :040-4905-9999
    • Customer Support: 1800-200-2267, 022-40071000
    • Account opening: https://eaccount.indiainfoline.com/
    • Email Support: [email protected]
  2. Corporate Office: IIFL Center, Kamala City
    Senapati Bapat Marg,
    Lower Parel, (West),
    Mumbai - 400013

Active Client Details Of IIFL Securities

  • 4.4Lac+ clients.

IIFL Account Opening & AMC Charges

Trading Account / Demat opening is the one-time fee that IIFL charges while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charged by IIFL to maintain your account, this is an annual charge and deduct from your account even if you haven't traded for a year.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account ₹0 ₹0
Demat Account ₹ 250+ GST ₹0 (for the 1st year)and after that ₹450 per Year

How to open an account with IIFL (India Infoline)?

Like any other broke, at IIFL also, you can start investing your money in stocks and other financial products after opening a trading account. You can open a 2-in-1 trading account with IIFL offline as well as on an online platform. We have enumerated the method of opening the 2-in-1 Trading & DEMAT account with IIFL below:

Like many discount brokers, IIFL does not provide any kind of referral or discount code. The process is solely by the online or offline application form submission. Their representatives provide you with all the assistance in case of any hurdles. They even do not believe in any promo code as well.

  1. Opening an account through the offline medium:

    If you are unfamiliar and uncomfortable with the online process which without any doubt is the easier way to open the account, you can switch to the offline method. In this process, you can call the IIFL representative, and they will assist you with the further process of downloading the form online and then signing it at the required places along with the self-attested documents. After the completion of the form completion, you have to submit the document to the nearest office. If you are finding difficulty in downloading the form, you can visit the office and collect the account opening form from there.

  2. Opening an account through the online medium: This is the easier way as you can open the account by a few clicks. Go to the IIFL website and click on the account opening icon. Fill out the application form and make sure you keep all the documents handy. In case you find difficulty on any step, you can immediately pick up the phone and consult IIFL representatives.

IIFL Securities Equity Delivery | Intraday Charges

Please find below IIFL Securities Brokerage charges for Delivery Trade & Intraday Trades. IIFL Securities provides Delivery trade Free of Cost and IIFL Securities charges for Intraday are 0.05% or Rs.20/Trade whichever is lower Per Order.

Groww Charges Equity Delivery Equity Intraday
Brokerage ₹0 0.05% or ₹20/Trade whichever is lower
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell-side
Transaction / Turnover charges NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.015% 0.03%

IIFL Securities F&O Brokerage Charges

Please find below the Brokerage Charges list for Equity Futures and Equity Options charged by the IIFL Securities. IIFL Securities provides Equity Future Trading & Options Trade at a Flat ₹20/executed.

Charges Equity Future Equity Option
Brokerage 0.05% or ₹20/Trade whichever is lower Flat ₹20 per executed order
STT 0.01% On the Sell-side 0.05% On the Sell-side (ON PREMIUM)
Transaction / Turnover charges 0.002% 0.053%
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% 0.003%

IIFL Securities Mutual Fund Fee Structure

At The Time of Buying

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

At The Time of Selling / Switching

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

The Final Thoughts about IIFL


IIFL is a trusted name in the stockbroking industry and entered in the market with pioneer discount broker 5paisa.com. They are known for worldwide presence which makes it stand out from other broking firms. Also, the number of product and service they provide is more, and it helps in diversifying your portfolio. They allow you to invest in equity SIP and even their online services are worth trying. However, one point which concerns us is less transparency in the brokerage plans. On the whole, we can suggest you go with IIFL trading and DEMAT account if you are comfortable with online trading and looking forward to expanding your portfolio.


IIFL Special Offer:

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

IIFL User Reviews

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