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IIFL Securities vs Zerodha

Comparison of charges, features, and platform quality. Both IIFL Securities and Zerodha are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.

Our Verdict

This is a comparison between a Discount Broker (Zerodha) and a Full-Service Broker (IIFL Securities).

Zerodha

Choose Zerodha if:

  • You want to save massively on brokerage fees.
  • You don't need stock tips or a relationship manager.
IIFL Securities

Choose IIFL Securities if:

  • You are a beginner needing guidance & research reports.
  • You prefer offline support or a relationship manager.
Explore IIFL SecuritiesExplore Zerodha

At a Glance Comparison

Feature
IIFL Securities
IIFL Securities
Zerodha
Zerodha
Broker TypeFull-Service / HybridDiscount
Account Opening₹0 (Free)₹200
AMC (Yearly)₹400/year₹300/year
Equity Delivery0.25%₹0 (Free)
Intraday Tradng0.025%₹20 or 0.03%
Active Clients12 Lakhs+60 Lakhs+
Rating4.14.8
Best ForIntraday, InvestorsBeginners, Investors, Options
Pros
  • Markets app is good
  • Research inputs
  • Performance analysis tools
  • Zero brokerage on equity delivery
  • Most reliable trading platform (Kite)
  • No spam calls or pushy sales
  • Great educational resources (Varsity)
Cons
  • Relationship manager calls
  • Charges can vary
  • No monthly unlimited brokerage plan
  • Frequent tech glitches in volatile markets
  • Customer support can be slow

Brokerage Charges Explained

IIFL Securities Fees

For equity delivery, 0.25% applies. If you trade Intraday, you pay 0.025% per order.
This makes it suitable for frequent traders.

Zerodha Fees

For equity delivery, ₹0 (Free) applies. If you trade Intraday, you pay ₹20 or 0.03% per order.
This makes it suitable for investors.

* Hidden costs: Remember to account for annual maintenance charges (IIFL Securities: ₹400/year, Zerodha: ₹300/year).

Trading Platform & App

IIFL SecuritiesIIFL Securities
App Rating4.1/5

IIFL Securities's platform is known for being comprehensive. It is generally considered robust for advanced analysis.

ZerodhaZerodha
App Rating4.8/5

Zerodha's platform focuses on research and data. Users find it extremely beginner friendly.

Choose IIFL Securities if:

  • You are looking for the best platform for Intraday.
  • You are looking for the best platform for Investors.
  • You prefer full service features.

Choose Zerodha if:

  • You are looking for the best platform for Beginners.
  • You are looking for the best platform for Investors.
  • You are looking for the best platform for Options.
  • You prefer #1 broker features.

Pros & Cons Comparison

IIFL Securities

Advantages

  • Markets app is good
  • Research inputs
  • Performance analysis tools

Disadvantages

  • Relationship manager calls
  • Charges can vary

Zerodha

Advantages

  • Zero brokerage on equity delivery
  • Most reliable trading platform (Kite)
  • No spam calls or pushy sales

Disadvantages

  • No monthly unlimited brokerage plan
  • Frequent tech glitches in volatile markets
  • Customer support can be slow

Common Questions

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Ready to choose?

Open IIFL Securities AccountOpen Zerodha Account