IIFL Securities changed its name to IIFL Capital Services Limited in July 2024.
IIFL offers a number of value-added products that include:
- Research Advisory
- Market & Sector Reports & Information
- Options Trading Using Sensibull
- US Stock Investment
- Loan Products (Home, Gold, Against Property, MSME & Business Loan)
- Mutual Fund Investment
- Wealth, Portfolio, Retirement & Financial Management
- NRI Services
- Tax Filing
For value-added services, IIFL charges a percentage-based brokerage similar to ICICI Direct & Motilal Oswal.
IIFL demat account is suited for beginner-level investors who need advisory help & stock tips.
IIFL Demat & Trading Account Brokerage Charges 2025
You can invest/ do trading in the following segments
- Equity
- Equity Intraday (MIS)
- Equity Derivatives (F&O)
- Commodity F&O
- Currency F&O
IIFL Capital offers 3 brokerage plans as under:
- Investor Plan (Online Plus) suited for beginner investors
- Premium Plan (Dedicated RM) suited for investors requiring assistance
- Super Trader Plan suited for Pro Traders
IIFL Brokerage details under all the three plans:
| Trading Segments | Investor Brokerage Plan | Premium Brokerage Plan | Super Trader Brokerage Plan |
| Monthly Subscription | Rs. 0 | Rs. 0 | Rs. 999 |
| Delivery Brokerage | 0.25% | 0.50% | 0.10% |
| Equity Intraday, Equity Futures | 0.025% | 0.050% | 0.010% |
| Equity Options | Flat Rs. 25 per lot | Rs. 50 per lot | Rs. 10 per lot |
| Currency & Commodity Trading | 0.025% | 0.050% | 0.015% |
| Currency Options | Rs. 8 per lot | Rs. 10 per lot | Rs. 5 per lot |
| Currency Futures | Rs. 20 per lot | Rs. 25 per lot | Rs. 15 per lot |
| Commodity Options (depending on the commodity) | Rs. 10 to Rs. 125 per lot | Rs. 15 to Rs. 150 per lot | Rs. 5 to Rs. 80 per lot |
For fixed brokerage charges, you can read Zerodha’s review which charges zero brokerage on delivery trades and Rs. 20 for intraday and F&O trades.
IIFL Account Charges
IIFL account charge details
| Particulars | Charges |
| Account opening charges | Free (Limited time offer) |
| Demat Annual maintenance charges | First Year – Free From Second Year onwards – Rs. 250 |
| Trading account AMC charges | Rs. 0 |
If you are looking for a free Demat account with zero AMC then you can check out the Upstox review. Upstox provides a free account opening with zero AMC fee.
IIFL Trading Margin
The margins/ leverage offered by IIFL
| Segment | Intraday Order |
| Cash Intraday | Up to 5 times |
| Index and Stock Futures | 1 time |
| Index Option Sell | 1 time |
| Index Option Buy | 1 time |
| Stock Options Sell | 1 time |
| Stock Options Buy | 1 time |
IIFL Value Added Trading/ Investing Related Products
#1. Trader Multiple
Trader Multiple is an intraday trading product where you enjoy a higher amount of leverage but necessarily have to trade by placing a stop-loss limit.
| Segment | Leverage | Stop-loss Range |
| Certain approved NIFTY 50 Stocks | 15 times exposure | SL range of 3% |
| Future – stocks/index | 25 times exposure | SL range 2.5% |
| Currency Segment, for USDINR contracts | 50% margin (i.e. 1.19%) whereas the exchange requirement is (2.38%) | SL range of 0.85% |
Note: You cannot cancel the Trader Multiple order. Either the orders will get auto-executed or you need to square off before 3.15 pm. Else the RM will square off the order.
#2. Order Slicing
Order Slicing facility allows you to split bulk orders into a number of small multiple orders.
The bulk buy/sell order may drive the price up or down. However, order slicing is helpful in getting a bulk transaction executed smoothly with less impact on prices.
#3. Systematic Investment Plan (SIP)
IIFL offers systematic investment plans for the following assets
- Equity
- Commodities
- Mutual Funds
The SIP plan allows you to place a buy request to purchase a fixed number of equity shares, commodities (like gold, and silver), and mutual fund units at a regular time interval.
For example, you can choose “Equity SIP” to buy 100 Tata Motors shares every month for 5 months.
IIFL buys the shares/ commodities/ mutual fund units at market price and credits into your account.
#4. Valid Till Date
Valid Till Date (VTD) is a buy/sell order placement facility where you can place a limit order that is valid for a period of time or until the order gets executed. This is similar to GTT orders offered by other stock brokers.
The VTD orders can remain in the system until the maximum validity date defined by IIFL. For example, if IIFL has defined 30 calendar days as the maximum validity days then your orders remain in the system till the 30th day from the trade date.
IIFL Trading Platforms Review 2025
#1. IIFL Trader Terminal Review
Trader Terminal is the flagship trading platform of IIFL Capital. The trader terminal comes in forms:
- A web-based Trader Terminal
- EXE installable desktop-based Trader Terminal platform
The Trader Terminal Web
Is a browser-based trading platform that is secured through a two-factor authentication (2FA) security arrangement.
You need to provide your PAN number or date of birth details to log in to the trading platform. This is in addition to your regular login ID and password.
The login to the terminal is available on the home page of IIFL Capital.
Key Features of the Trader Terminal are:
- Single-click access to depository, ledger, MTM profit/loss statement
- Streaming quotes, instant order confirmation, multiple market watches, alerts
- Customizable view using widgets
- Advanced charting options & technical analysis tools
- Live research and news updates
- Live chat with customer care
EXE Installable Desktop-Based Trader Terminal Platform
The .exe files need to be installed on your PC to create a local but powerful trading environment. The trader terminal software works on Windows 98, and higher versions.
But to use it on Windows 2000, NT, and 98 you will have to additionally download .NET. Framework 2.0. In XP you will have to ensure that you have upgraded your Framework version from 1.1 to 2.0.
You need at least a Pentium/Celeron Processor and 512 MB RAM to run the IIFL Trader Terminal platform.
The screen of the .exe-based platform looks like under:
You also have the option to run Trader Terminal directly on the web. The web-based platform works on Internet Explorer (IE) 6/ IE 7 and other browsers like Mozilla and Chrome.
Both the versions (Web & Platform) help you trade seamlessly, and access research reports and advisory directly on your trading desk.
#2. IIFL Markets App Review
The IIFL Market App is compatible with Android and iOS smartphones. The app is rated 4.3 with access to the advanced dashboard and IIFL views & reports.
You get instant notifications on your investments, price alerts, trading tips, and stock news & can manage your account through the IIFL Markets app even when you are traveling.
The IIFL trading app provides a unique “Guest” login feature with a single OTP where you can explore the app and test it before you open an account.
IIFL Markets app is loaded with research reports of over 500 stocks from NIFTY, Sensex, Bank Nifty, Mid Cap, and stock recommendations for beginners.
The app also allows US stock, Mutual fund investments, and Equity SIP.
What I Like About IIFL Demat Account
- Research reports on 500+ stocks, and sector summary
- Daily stock tips and recommendations
- Advance market news and event information like Buzzing Stock, Events Calendar
- You can do options trading using Sensibull
- SIP investment in equity, commodities, and mutual fund
- Value-added services like IPO, and US stock investment
Areas of Improvement
- The long list of brokerage plans can be confusing to beginners
- Rs. 999 monthly charges on Super Trader Plan
- IIFL can be transparent about the margins offered
- Delivery brokerage charges of 0.10% – 0.50% are high
IIFL Demat Account Opening Process
You need the following documents to open an IIFL demat + trading account
- Proof of identity (PAN with photograph mandatory)
- Proof of address (Passport/ Voters Identity Card/Driving License/ Aadhaar
- Proof of bank account
- Income proof (For derivatives/ currency segment)
IIFL allows online and offline account opening processes.
For Offline Demat Account Opening
You can give a missed call on 08066719101 to get a callback from RM and he/she will assist you in opening the account.
They will ask you to download the account opening form, fill and submit it back to the nearest IIFL branch along with all the supporting documents.
NOTE: the offline process will be tedious and time-consuming.
#1. Visit IIFL for Online Demat Account Opening
Fill in your name and mobile number to register your account with IIFL. You will get a one-time password (OTP) on your mobile number to verify your mobile number.
Once the mobile number is verified you will get a link to open a demat account online.
#2. Create Login Details & PAN Verification
You need to start the application by providing once again your full name, email address, and mobile number for login creation.
Post that, you need to enter PAN details and date of birth for verification.
#3. Provide Personal Details
Fill in your personal details like name, parents name, marital status, occupation, and gross annual income.
Next, fill in your trading experience, qualifications, and residential status.
Provide your complete address details.
#4. Fill in the Bank Details
Provide your bank account number, IFSC code, and the MICR number. Here you can use the “Get Code” facility that helps you get your bank’s IFSC and MICR number.
#5. Select Segment & Provide FATCA Details
Click on the segments in which you want to trade or invest.
Provide nationality, source of wealth, and other information related to FATCA.
#6. Upload KYC and Supporting Documents
You need to upload the following documents necessary to open an IIFL demat cum trading account.
After uploading documents, you can start an “In-Person Verification” where you will have a small video call with the IIFL executive.
Your video/ photo will be captured during the IPV and uploaded by the IIFL executive which will complete your application.
You will receive the trading ID and password and other details when your demat and trading account is created.
Normally, the account opens within 24 hours of receiving the completed application.
Final Words
IIFL demat account is a decent option if you do not have the time or expertise for market research.
IIFL (a full-service stockbroker) charges you a high percentage-based brokerage for the advisory services and the stock research facility it provides.
Working professionals and executives who do not mind paying extra brokerage can open IIFL securities accounts for creating a long-term portfolio of equities, commodities, and mutual funds using SIP.
FAQs
Is IIFL trusted or not?
IIFL Capital is a 30-year-old, SEBI registered stock broker in India. Initially, it was known as India Infoline, later IIFL Securities, and now IIFL Capital Services Limited.
SEBI registration number – INZ000164132 for broking services.
Who is the owner of IIFL?
Mr. Nirmal Jain is the founder, owner, and current Chairman of IIFL group.
Mr. Nirmal Jain also founded the discount broking firm 5Paisa.
Which is better IIFL or Motilal Oswal?
Both IIFL and Motilal Oswal are full-service stock brokers in India.
Motilal Oswal is known for its cutting-edge research in the stock market. Whereas, IIFL Capital’s innovative and value-added products add depth to investing and trading.
What is the full form of IIFL?
India Infoline Finance Limited is the full form of IIFL.
Is IIFL free?
Demat and Trading account opening is free at IIFL Capital.
You don’t have to pay the first-year AMC charges. From the second year onwards you need to pay annual maintenance charges.
What are the demat charges in IIFL?
IIFL Capital charges Rs. 250 per annum in demat AMC fees.
