IIFL Vs Trading Bells : Side By Side Comparison

In this page, I am providing side by side comparison of IIFL Vs Trading Bells.

While IIFL is a full service broker, Trading Bells comes under Discount Broker category. Hence IIFL offers multiple services and the brokerage is also high. Trading Bells 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 Trading Bells:

Parameters	Trading Bells	IIFL
Review	Trading Bells Review	IIFL Review
Type of Broker	Discount Broker	Full Service Broker
Incorporation Year	2014	1995
Supported Exchanges	NSE, BSE, MCX-SX , MCX and NCD-EX	NSE, BSE, MCX-SX , MCX and NCD-EX
Account Related Charges
Trading Account Opening Fees	Rs 0	Rs 750
Trading Account AMC	Rs 0	Rs 0
Demat Account Opening Fees	Rs 0	Rs 555
Demat Account AMC	Rs 0	Rs 300
Brokerage Charges
Equity Delivery Brokerage	0.01% or Rs 20 per executed order, whichever is lower.	0.5%
Equity Intraday Brokerage	0.01% or Rs 20 per executed order, whichever is lower.	0.05%
Equity Futures Brokerage	0.01% or Rs 20 per executed order, whichever is lower.	0.05%
Equity Options Brokerage	Flat Rs 20 per executed order	Rs 100/lot or 1% of premium which ever is higher
Currency Futures Trading Brokerage	0.01% or Rs 20 per executed order, whichever is lower.	0.05%
Currency Options Trading Brokerage	Flat Rs 20 per executed order	Rs 100/lot or 1% of premium which ever is higher
Commodity Trading Brokerage	0.01% or Rs 20 per executed order, whichever is lower.	0.03%
Minimum Brokerage Charges	NIL	5 paisa per share
Monthly Unlimited Plans
Brokerage Calculator	Trading Bells Brokerage Calculator	IIFL Brokerage Calculator
Transaction Charges
Equity Delivery	0.00325%	0.0035%
Equity Intraday	0.00325%	0.0035%
Equity Futures	0.0029%	0.0021%
Equity Options	0.06% (On Premium)	0.051% (On Premium)
Currency Futures	0.00135%	0.0021%
Currency Options	0.044%	0.051% (On Premium)
Commodity	0.0031%	0.028%
Exposure
Equity	Upto 20 times Intraday and 3 times for Delivery	Upto 20 times Intraday and 3 times for Delivery
Equity Futures	4 times for Intraday	3 times for Intraday
Equity Options	No leverage for buying, upto 4 times for short selling	Buying No leverage and Shorting upto 3 times
Currency Futures	Upto 4 times intraday	2 times for Intraday
Currency Options	Upto 4 times intraday	Buying No leverage and Shorting upto 2 times
Commodities	Upto 4 times intraday	Upto 2 times intraday
Features
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
SMS Alerts
Margin Funding
Trading Platform	ODIN Diet, NSE NOW, Mobile Trader	Trader Terminal (TT), Market App, Trader web
Investment Services
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory
Promotional Offers
	Zero Account Opening Charges	Zero Account Opening Charges Zero AMC for First Year

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:

Point By Point Comparison of Trading Bells with other Brokers: