In this page, I am providing side by side comparison of Edelweiss Vs IIFL
Both India Infoline (IIFL) and Edelweiss are full service broker hence provide many more services but the brokerage is also high. Both brokers offer recommendations tips to their clients.
But still there are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of Edelweiss Vs IIFL :
Parameters | Edelweiss | IIFL |
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| Review | ||
| Type of Broker |
Full Service Broker |
Full Service Broker |
| Incorporation Year | 2002 | 1995 |
| Supported Exchanges | NSE, BSE, MCX-SX , MCX and MSEI | NSE, BSE, MCX-SX , MCX and NCD-EX |
Account Related Charges |
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| Trading Account Opening Fees | Rs 1000 | Rs 750 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 0 | Rs 555 |
| Demat Account AMC | Rs 500 (Free for first Year) | Rs 300 |
Brokerage Charges |
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| Equity Delivery Brokerage | 0.45% | 0.5% |
| Equity Intraday Brokerage | 0.06% | 0.05% |
| Equity Futures Brokerage | 0.06% | 0.05% |
| Equity Options Brokerage | Rs 150/lot | Rs 100/lot or 1% of premium which ever is higher |
| Currency Futures Trading Brokerage | 0.05% | 0.05% |
| Currency Options Trading Brokerage | Rs 50/lot | Rs 100/lot or 1% of premium which ever is higher |
| Commodity Trading Brokerage | NA | 0.03% |
| Minimum Brokerage Charges | 3 paisa per share | 5 paisa per share |
| Monthly Unlimited Plans |  | |
| Brokerage Calculator | Edelweiss Brokerage Calculator | IIFL Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.00325% | 0.0035% |
| Equity Intraday | 0.00325% | 0.0035% |
| Equity Futures | 0.0019% | 0.0021% |
| Equity Options | 0.050% (On Premium) | 0.051% (On Premium) |
| Currency Futures | 0.00115% | 0.0021% |
| Currency Options | 0.040% (On Premium) | 0.051% (On Premium) |
| Commodity | NA | 0.028% |
Exposure |
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| Equity | Upto 20 times Intraday and 4 times for Delivery | Upto 20 times Intraday and 3 times for Delivery |
| Equity Futures | 3 times for Intraday | 3 times for Intraday |
| Equity Options | No leverage for Buying and upto 3 times for shorting | Buying No leverage and Shorting upto 3 times |
| Currency Futures | Upto 2 times intraday | 2 times for Intraday |
| Currency Options | No leverage for Buying and upto 3 times for shorting | Buying No leverage and Shorting upto 2 times |
| Commodities | NA | Upto 2 times intraday |
Features |
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| 3 in 1 Account | | |
| Mobile Trading |  | |
| Charting | | |
| Automated Trading | | |
| After Trading Hour Orders | | |
| SMS Alerts | | |
| Margin Funding | | |
| Trading Platform | Xtreme trader, Traders Lounge and Mobile Trader | Trader Terminal (TT), Market App, Trader web |
Investment Services |
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| Stock / Equity | | |
| Commodity | | |
| Currency | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
Customer Service Channels |
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| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Support Through Branches | | |
| Relationship Managers | | |
Research Reports/Tips/Recommendations |
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| Daily Market Report | | |
| Tips/Recommendations | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
| Robo Advisory | | |
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of Edelweiss with other Brokers:
Edelweiss in comparison with other Stock Brokers |
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Point By Point Comparison of IIFL with other Brokers:
IIFL in comparison with other Stock Brokers |
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