Zerodha vs IIFL Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Zerodha 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 Zerodha and IIFL Securities.

Background

Year of Incorporation 2010 1996
Website https://zerodha.com https://www.indiainfoline.com/
Phone 080-4718-1888 022-40071000
Exchanges enabled NSE, BSE, MCX-SX & MCX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) CDSL NSDL/CDSL
Brokerage

Equity Rs 0 on Delivery & Rs 20 on Intraday 0.05% Intraday & 0.5% Delivery - Negotiable
Equity Futures Rs 20 or 0.03% (whichever is lower) per executed order 0.05% of Turnover - Negotiable
Equity Options Rs 20 per order Rs 100/lot - Negotiable
Currency Futures Rs 20 or 0.03% (whichever is lower) per executed order Rs 25/lot - Negotiable
Currency Options Rs 20 per order Rs 10/lot - Negotiable
Commodity Rs 20 per order 0.03% - Negotiable
Account Opening Costs

Trading only Free Zero
Trading & Demat Free Rs 750
Commodity Free NIL
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% on Turnover 0.00325% of Turnover
Futures 0.0021% on Contract Turnover 0.0038% of Turnover
Options 0.053% on Premium Turnover 0.058% of Turnover
Commodities 0.0031% on Contract turnover 0.0041% of Turnover
AMC charge Rs 300/year One time Rs 555 or Rs 25/month
DP Transaction Charge Rs 13 per debit instruction 0.05% ( Minimum Rs 15 & Max Rs 100)
Offline order placing Charge Rs 20 per executed order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 365 days on Zerodha Pi 20 Days
End of Day 10 years on Zerodha Pi 10 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 20x intraday Upto 20x Intraday, & 3x for Delivery
Equity Futures Upto 7x intraday leverage Upto 3x for Intraday
Equity Options Buying no leverage, Shorting upto 7x leverage intrdaday Buying no leverage, Shorting upto 3x
Currency Futures 2x intraday leverage Upto 2x for Intraday
Currency Options Buying no leverage, Shorting upto 2x intraday leverage Buying no leverage, Shorting upto 2x
Commodity 2.5x intraday leverage Upto 3x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

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 2.4 Crores Rs 2.78 Crores
Profit after Tax FY12/13 Rs 5.8 Crores Rs 9.69 Crores
Profit after Tax FY13/14 Rs 10.27 Crores Rs 14.69 Crores
Profit after Tax FY 14/15 Rs 10.58 Crores Rs 20.18 Crores
Profit after Tax FY 15/16 Rs 10.99 Crores Rs 25.84 Crores
Profit after Tax FY 16/17 Rs 11.02 Crores Rs 31.10 Crores
Profit after Tax FY 17/18 Rs 11.36 Crores Rs 31.10 Crores
Profit after Tax FY 18/19 Rs 11.75 Crores Rs 20.40 Crores
Profit after Tax FY 19/20 Rs 11.98 Crores Rs 27.72 Crores
Profit after Tax FY 20/21 Rs 12.13 Crores Rs 32.50 Crores
Profit after Tax FY 21/22 Rs 12.38 Crores Rs (214.66) Crores
Profit after Tax FY 22/23 Rs 12.87 Crores Rs (258.79) Crores
Debt FY11/12 0 Rs 66.8 Crores
Debt FY12/13 0 Rs 78.93 Crores
Debt FY13/14 0 Rs 86.11 Crores
Debt FY14/15 Rs 4.45 Crores Rs 97.03 Crores
Debt FY15/16 Rs 4.88 Crores Rs 112.99 Crores
Debt FY16/17 Rs 5.22 Crores Rs 82.92 Crores
Debt FY17/18 Rs 5.68 Crores Rs 126.84 Crores
Debt FY18/19 Rs 6.25 Crores Rs 135.59 Crores
Debt FY19/20 Rs 5.87 Crores Rs 89.28 Crores
Debt FY20/21 Rs 6.11 Crores Rs 80.36 Crores
Debt FY21/22 Rs 6.47 Crores Rs 135.19 Crores
Debt FY22/23 Rs 6.98 Crores Rs 122.87 Crores
Profit to Equity(%) FY11/12 19% 17.48%
Profit to Equity(%) FY12/13 24% 16.92%
Profit to Equity(%) FY13/14 21% 21.8%
Profit to Equity(%) FY14/15 21% 17.22%
Profit to Equity(%) FY15/16 23% 17.54%
Profit to Equity(%) FY16/17 26% 26.31%
Profit to Equity(%) FY17/18 28% 24.73%
Profit to Equity(%) FY18/19 29% 13.33%
Profit to Equity(%) FY19/20 33% 19.84%
Profit to Equity(%) FY20/21 36% 21.30%
Profit to Equity(%) FY21/22 38% 18.94%
Profit to Equity(%) FY22/23 39% 23.60%
Balance Sheet Size FY11/12 Rs 25.4 Crores Rs 782 Crores
Balance Sheet Size FY12/13 Rs 64.5 Crores Rs 817 Crores
Balance Sheet Size FY13/14 Rs 111.1 Crores Rs 827 Crores
Balance Sheet Size FY14/15 Rs 112.18 Crores Rs 837.82 Crores
Balance Sheet Size FY15/16 Rs 112.98 Crores Rs 835.05 Crores
Balance Sheet Size FY16/17 Rs 113.44 Crores Rs 909.25 Crores
Balance Sheet Size FY17/18 Rs 114.87 Crores Rs 947.73 Crores
Balance Sheet Size FY18/19 Rs 116.55 Crores Rs 957.83 Crores
Balance Sheet Size FY19/20 Rs 119.22 Crores Rs 960.20 Crores
Balance Sheet Size FY20/21 Rs 120.63 Crores Rs 1,161.14 Crores
Balance Sheet Size FY21/22 Rs 121.16 Crores Rs 1,315.5 Crores
Balance Sheet Size FY22/23 Rs 122.10 Crores Rs 1,345 Crores

Comparison Link:

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Frequently Asked Questions

Is Zerodha better than IIFL Securities ?

Zerodha and IIFL Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is IIFL Securities better than Zerodha ?

Zerodha and IIFL Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Zerodha cheaper than IIFL Securities ?

Zerodha and IIFL Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is IIFL Securities cheaper than Zerodha ?

Zerodha and IIFL Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Zerodha vs. IIFL Securities ?

To find out the better of the two stockbrokers Zerodha and IIFL Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.