Find a Comparison of Way2wealth vs IIFL Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.
This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Way2wealth and IIFL Securities.
| Year of Incorporation | 1984 | 1996 |
| Website | https://www.way2wealth.com/ | https://www.indiainfoline.com/ |
| Phone | 1800 425 3690 FREE | 022-40071000 |
| Exchanges enabled | NSE, BSE, MCX-SX, MCX, & NCDEX | NSE, BSE, MCX-SX, MCX, & NCDEX |
| Demat (NSDL/CDSL) | NSDL, CDSL | NSDL/CDSL |
| Equity | 0.04% for Intraday, 0.4% for Delivery - Negotiable | 0.05% Intraday & 0.5% Delivery - Negotiable |
| Equity Futures | 0.04% of Turnover - Negotiable | 0.05% of Turnover - Negotiable |
| Equity Options | Rs 50/lot - Negotiable | Rs 100/lot - Negotiable |
| Currency Futures | 0.04% of Turnover - Negotiable | Rs 25/lot - Negotiable |
| Currency Options | Rs 50/lot - Negotiable | Rs 10/lot - Negotiable |
| Commodity | 0.04% of Turnover - Negotiable | 0.03% - Negotiable |
| Trading only | NA | Zero |
| Trading & Demat | Rs 350 | Rs 750 |
| Commodity | Rs 100 | NIL |
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.0038% of Turnover | 0.00325% of Turnover |
| Futures | 0.0034% of Turnover | 0.0038% of Turnover |
| Options | 0.056% of Premium Turnover | 0.058% of Turnover |
| Commodities | 0.0035% of Turnover | 0.0041% of Turnover |
| AMC charge | Rs 330 | One time Rs 555 or Rs 25/month |
| DP Transaction Charge | Rs 18/debit instruction | 0.05% ( Minimum Rs 15 & Max Rs 100) |
| Offline order placing Charge | NIL | NIL |
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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| Intraday | 22 days on NEST | 20 Days |
| End of Day | 10 years on NEST | 10 Years |
| Coding/Backtesting |  |
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| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Leverage Provided
| Equity | Upto 6 times for Intraday, 0 for Delivery | Upto 20x Intraday, & 3x for Delivery |
| Equity Futures | Upto 2 times for Intraday | Upto 3x for Intraday |
| Equity Options | No Leverage | Buying no leverage, Shorting upto 3x |
| Currency Futures | Upto 2 times for Intraday | Upto 2x for Intraday |
| Currency Options | No Leverage | Buying no leverage, Shorting upto 2x |
| Commodity | Upto3 times for Intraday | Upto 3x for Intraday |
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.
| Profit after Tax FY11/12 | Rs 4.2 Lakhs | Rs 2.78 Crores |
| Profit after Tax FY12/13 | Rs 5.87 Lakhs | Rs 9.69 Crores |
| Profit after Tax FY13/14 | Rs 5.23 Lakh | Rs 14.69 Crores |
| Profit after Tax FY 14/15 | Rs 7.93 Lakh | Rs 20.18 Crores |
| Profit after Tax FY 15/16 | Rs 11.19 Lakh | Rs 25.84 Crores |
| Profit after Tax FY 16/17 | Rs 11.74 Lakh | Rs 31.10 Crores |
| Profit after Tax FY 17/18 | Rs 12.16 Lakh | Rs 31.10 Crores |
| Profit after Tax FY 18/19 | Rs 14.39 Lakh | Rs 20.40 Crores |
| Profit after Tax FY 19/20 | Rs 14.50 Lakh | Rs 27.72 Crores |
| Profit after Tax FY 20/21 | Rs 16.00 Lakh | Rs 32.50 Crores |
| Profit after Tax FY 21/22 | Rs 17.02 Lakh | Rs (214.66) Crores |
| Profit after Tax FY 22/23 | Rs 15.37 Lakh | Rs (258.79) Crores |
| Debt FY11/12 | Rs 10.4 Lakhs | Rs 66.8 Crores |
| Debt FY12/13 | Rs 17.2 Lakhs | Rs 78.93 Crores |
| Debt FY13/14 | Rs 19.78 Lakh | Rs 86.11 Crores |
| Debt FY14/15 | Rs 16.80 Lakh | Rs 97.03 Crores |
| Debt FY15/16 | Rs 20.27 Lakh | Rs 112.99 Crores |
| Debt FY16/17 | Rs 18.04 Lakh | Rs 82.92 Crores |
| Debt FY17/18 | Rs 22.55 Lakh | Rs 126.84 Crores |
| Debt FY18/19 | Rs 22.41 Lakh | Rs 135.59 Crores |
| Debt FY19/20 | Rs 23.16 Lakh | Rs 89.28 Crores |
| Debt FY20/21 | Rs 25.14 Lakh | Rs 80.36 Crores |
| Debt FY21/22 | Rs 26.94 Lakh | Rs 135.19 Crores |
| Debt FY22/23 | Rs 25.88 Lakh | Rs 122.87 Crores |
| Profit to Equity(%) FY11/12 | 0.25 | 17.48% |
| Profit to Equity(%) FY12/13 | 1.52 | 16.92% |
| Profit to Equity(%) FY13/14 | 2.39 | 21.8% |
| Profit to Equity(%) FY14/15 | 3.71 | 17.22% |
| Profit to Equity(%) FY15/16 | 3.71 | 17.54% |
| Profit to Equity(%) FY16/17 | 4.61 | 26.31% |
| Profit to Equity(%) FY17/18 | 5.42 | 24.73% |
| Profit to Equity(%) FY18/19 | 6.22 | 13.33% |
| Profit to Equity(%) FY19/20 | 7.38 | 19.84% |
| Profit to Equity(%) FY20/21 | 8.12 | 21.30% |
| Profit to Equity(%) FY21/22 | 9.22 | 18.94% |
| Profit to Equity(%) FY22/23 | 10.22 | 23.60% |
| Balance Sheet Size FY11/12 | Rs 159 Crores | Rs 782 Crores |
| Balance Sheet Size FY12/13 | Rs 148 Crores | Rs 817 Crores |
| Balance Sheet Size FY13/14 | Rs 170 Crores | Rs 827 Crores |
| Balance Sheet Size FY14/15 | Rs 187.92 Crores | Rs 837.82 Crores |
| Balance Sheet Size FY15/16 | Rs 259.67 Crores | Rs 835.05 Crores |
| Balance Sheet Size FY16/17 | Rs 289.46 Crores | Rs 909.25 Crores |
| Balance Sheet Size FY17/18 | Rs 160.16 Crores | Rs 947.73 Crores |
| Balance Sheet Size FY18/19 | Rs 240.46 Crores | Rs 957.83 Crores |
| Balance Sheet Size FY19/20 | Rs 294.59 Crores | Rs 960.20 Crores |
| Balance Sheet Size FY20/21 | Rs 181.53 Crores | Rs 1,161.14 Crores |
| Balance Sheet Size FY21/22 | Rs 227.41 Crores | Rs 1,315.5 Crores |
| Balance Sheet Size FY22/23 | Rs 289.78 Crores | Rs 1,345 Crores |
Way2wealth Securities and IIFL Securities are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.
Yes, both Way2wealth Securities and IIFL Securities provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Way2wealth and IIFL Securities for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Way2wealth and IIFL Securities are SEBI-registered brokers with good reputations. Way2wealth is known for its trading platforms, while IIFL Securities is praised for cost-effective pricing.
Yes, both Way2wealth and IIFL Securities offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
