In this page, I am providing side by side comparison of IIFL Vs TradePlusOnline.
While India Infoline (IIFL) is a full service broker, TradePlusOnline comes under Discount Broker category. Hence IIFL offer multiple services and the brokerage is also high. TradePlus offers limited services but charges flat brokerage charges.
There are lot of difference 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 IIFL Vs TradePlusOnline:
Parameters | IIFL | TradePlusOnline |
Review | ||
Type of Broker |
Full Service Broker |
Discount Broker |
Incorporation Year | 1995 | 1995 |
Supported Exchanges | NSE, BSE, MCX-SX , MCX and NCD-EX | NSE, BSE and MCX |
Account Related Charges |
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Trading Account Opening Fees | Rs 750 | Rs 199 |
Trading Account AMC | Rs 0 | Rs 499 (For 5 Years) |
Demat Account Opening Fees | Rs 555 | Rs 0 |
Demat Account AMC | Rs 300 | Rs 0 |
Brokerage Charges |
||
Equity Delivery Brokerage | 0.5% | 0.1% |
Equity Intraday Brokerage | 0.05% | 0.01% |
Equity Futures Brokerage | 0.05% | Rs 799/month for unlimited trading |
Equity Options Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 99/month for unlimited trading |
Currency Futures Trading Brokerage | 0.05% | Rs 99/month for unlimited trading |
Currency Options Trading Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 99/month for unlimited trading |
Commodity Trading Brokerage | 0.03% | Rs 99/month for unlimited trading |
Minimum Brokerage Charges | 5 paisa per share | NIL |
Monthly Unlimited Plans | ||
Brokerage Calculator | IIFL Brokerage Calculator | Tradeplus online Brokerage Calculator |
Transaction Charges |
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Equity Delivery | 0.0035% | 0.00330% |
Equity Intraday | 0.0035% | 0.00330% |
Equity Futures | 0.0021% | 0.00350% |
Equity Options | 0.051% (On Premium) | 0.075% (On Premium) |
Currency Futures | 0.0021% | 0.00165% |
Currency Options | 0.051% (On Premium) | 0.060% (On Premium) |
Commodity | 0.028% | 0.004% |
Exposure |
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Equity | Upto 20 times Intraday and 3 times for Delivery | Upto 4 times for Delivery |
Equity Futures | 3 times for Intraday | upto 5 times |
Equity Options | Buying No leverage and Shorting upto 3 times | upto 2 times |
Currency Futures | 2 times for Intraday | upto 2 times |
Currency Options | Buying No leverage and Shorting upto 2 times | No Leverage |
Commodities | Upto 2 times intraday | Upto 2 times |
Features |
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3 in 1 Account | ||
Mobile Trading | ||
Charting | ||
Automated Trading | ||
After Trading Hour Orders | ||
SMS Alerts | ||
Margin Funding | ||
Trading Platform | Trader Terminal (TT), Market App, Trader web | NEST on Web, Infini Trader, Tradeplus Mobile |
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 IIFL with other Brokers:
IIFL in comparison with other Stock Brokers |
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Point By Point Comparison of TradePlusOnline with other Brokers:
TradePlusOnline in comparison with other Stock Brokers |
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Visit comparison of stock brokers in India page to compare two brokers side by side.