In this page, I am providing side by side comparison of IIFL Vs Zerodha.
While India Infoline (IIFL) is a full service broker, Zerodha comes under Discount Broker category. Hence IIFL offer multiple services and the brokerage is also high. Zerodha 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 Zerodha:
Parameters | IIFL | Zerodha |
 |  |
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| Review | ||
| Type of Broker |
Full Service Broker |
Discount Broker |
| Incorporation Year | 1995 | 2010 |
| Supported Exchanges | NSE, BSE, MCX-SX , MCX and NCD-EX | NSE, BSE, MCX and NCEDEX |
Account Related Charges |
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| Trading Account Opening Fees | Rs 750 | Rs 300 |
| Trading Account AMC | Rs 0 | Rs 0 |
| Demat Account Opening Fees | Rs 555 | Rs 100 |
| Demat Account AMC | Rs 300 | Rs 300 |
Brokerage Charges |
||
| Equity Delivery Brokerage | 0.5% | Rs 0 |
| Equity Intraday Brokerage | 0.05% | Rs 20 per executed order |
| Equity Futures Brokerage | 0.05% | Rs 20 per executed order |
| Equity Options Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 20 per executed order |
| Currency Futures Trading Brokerage | 0.05% | Rs 20 per executed order |
| Currency Options Trading Brokerage | Rs 100/lot or 1% of premium which ever is higher | Rs 20 per executed order |
| Commodity Trading Brokerage | 0.03% | Rs 20 per executed order |
| Minimum Brokerage Charges | 5 paisa per share | NIL |
| Monthly Unlimited Plans |  | |
| Brokerage Calculator | IIFL Brokerage Calculator | Zerodha Brokerage Calculator |
Transaction Charges |
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| Equity Delivery | 0.0035% | 0.00325% |
| Equity Intraday | 0.0035% | 0.00325% |
| Equity Futures | 0.0021% | 0.00210% |
| Equity Options | 0.051% (On Premium) | 0.053% (On Premium) |
| Currency Futures | 0.0021% | 0.00135% |
| Currency Options | 0.051% (On Premium) | 0.044% (On Premium) |
| Commodity | 0.028% | Non Agri 0.0036%, Agri 0.00275%, |
Exposure |
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| Equity | Upto 20 times Intraday and 3 times for Delivery | Upto 20 times Intraday |
| Equity Futures | 3 times for Intraday | upto 2.5 times |
| Equity Options | Buying No leverage and Shorting upto 3 times | upto 2.5 times |
| Currency Futures | 2 times for Intraday | upto 2.5 times |
| Currency Options | Buying No leverage and Shorting upto 2 times | upto 2.5 times |
| Commodities | Upto 2 times intraday | upto 2.5 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 | Zerodha Kite |
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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Visit comparison of stock brokers in India page to compare two brokers side by side.