IIFL vs Angel Broking – In stock market trading and investment stock brokers plays an important role. You have to be careful in making selection of the stockbroker.
There are two types of stock brokers available in the market discount broker and full service broker. Discount broker offer only trading services with low brokerage cost. On the other hand, full service broker provides all financial products under single umbrella. It is advisable to go for full service broker as you can manage all your investment at single place.
IIFL & Angle Broking are leading full service stock brokers in India. Let’s compare IIFL and Angle Broking side by side and try to figure out which stockbroker is appropriate for you.
IIFL Stock Broker – Review
IIFL, being a complete financial investment house, has entrusted itself as a dependable brand among the investor base. IIFL was established in 1995 as a full service stockbroker. It offers trading through different exchanges such as NSE, BSE, MCX with a presence across 4500 locations of the country.
IIFL Key Features
- Online Account Opening Facility
- Online Portfolio Management with single click
- Margin Trading funding available
- Wide range of trading platform range with mobile support
- Virtual Portfolio Management Facility
- Facility of placing orders via Charts
- Financial Health Checkup Facility available
- Offers multiple Brokerage plans as per need
- Very good research and advisory services
IIFL Charges
Flat Brokerage Plan
| Account Type | Flat Brokerage Plan (FBP) |
| Equity Delivery Brokerage | 0.50% |
| Equity Intraday Brokerage | 0.05% |
| Equity Futures Brokerage | 0.05% |
| Equity Options Brokerage | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures Trading Brokerage | 0.05% |
| Currency Options Trading Brokerage | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Futures Trading Brokerage | 0.05% |
| Commodity Options Trading Brokerage | 1% of Premium or ₹100 per lot, whichever is high |
Variable Brokerage Plan
| Account Type | Variable Brokerage Plan (VBP) |
| Equity Delivery Brokerage | 0.15% to 0.60% |
| Equity Intraday Brokerage | 0.02% to 0.05% |
| Equity Futures Brokerage | 0.02% to 0.05% |
| Equity Options Brokerage | 1% to 2.5% of premium or ₹100 per lot, whichever is higher |
| Currency Futures Trading Brokerage | 0.02% to 0.05% |
| Currency Options Trading Brokerage | 1% to 2.5% of premium or ₹100 per lot, whichever is higher |
| Commodity Futures Trading Brokerage | 0.02% to 0.05% |
| Commodity Options Trading Brokerage | 1% to 2.5% of premium or ₹100 per lot, whichever is higher |
Advanced Brokerage Plan
| Account Type | Advance Brokerage Plan (Prepaid) |
| Fixed Charges | ₹5,000 to ₹1,00,000 |
| Equity Delivery Brokerage | 0.35% to 0.05% |
| Equity Intraday Brokerage | 0.04% to 0.01% |
| Equity Futures Brokerage | 0.04% to 0.01% |
| Equity Options Brokerage | 1% of premium to flat ₹20 per lot |
| Currency Futures Trading Brokerage | 0.04% to 0.01% |
| Currency Options Trading Brokerage | 1% of premium to flat ₹20 per lot |
| Commodity Futures Trading Brokerage | 0.04% to 0.01% |
| Commodity Options Trading Brokerage | 1% of premium to flat ₹20 per lot |
IIFL Demat Account Charges
| Demat Account Opening | Free |
| Demat AMC Charges | Free |
| Trading AMC Charges | Free |
| DP Charges | CDSL: ₹25.5 |
| NSDL: ₹24.5 | |
| Dematerialisation Charges | ₹15 per certificate + ₹40 as postal charges |
| Rematerialisation Charges | ₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier |
| Pledge Creation Charges | ₹50 |
| Pledge Invocation Charges | NIL |
Margin
| Equity Delivery | Upto 3x (18% Annual Interest) |
| Equity Intraday | Up To 15x |
| Equity Futures | Upto 3x |
| Equity Options | 3x for shorting |
| Currency Futures | Upto 2x |
| Currency Options | 2x for shorting |
| Commodity Futures | Upto 3x |
IIFL Trading Platforms
IIFL Markets App – The app that goes by the name “IIFL Markets” has recorded the highest number of downloads (more than 10 Lakh downloads) for a stock market app in India.
The app is available on the Play Store (For Android users), App Store (For iOS users), and Microsoft Store (For Windows users).
The user-friendly app interface allows investors to place, cancel, and modify trade orders, apply for IPOs, and get access to free research reports, tips, news through in app notifications.
IIFL TTWeb – IIFL Securities Trader Terminal Web is their application that can be accessed through the web, which goes by the name of IIFL TTWeb. There is no need to download or install anything in order to run this app.
All you need on your computer, laptop, or even on your mobile phone is a compatible browser.
IIFL TT is a complete tool that facilitates the investors to trade and invest in various financial instruments such as:
- Stocks
- Derivatives
- Commodities
- Insurance
- FDs
- Currency/Forex
- IPO
- Bonds
IIFL TT.Exe – As the name suggests, this is an EXE file that needs to be downloaded from IIFL Securities secure website and then installed on your windows-based computer, laptop, or desktop.
This high-performance trading app has multiple features to offer to its trader base, including:
- Real-time market quotes with a provision to add scrips in custom watchlists
- Buy and sell order window just a click away across the trading app
- Quick order execution
- Smooth user experience for feature navigation and analysis
- Security measures to combat any potential malware issues
- Single sign-on available
IIFL TT Iris – IIFL TT Iris is a software that assists an investor in making investment decisions. Essentially, this software helps an investor in analyzing the fluctuations in the trade market.
Among others, the stand out feature of IIFL TT Iris is its ability to track scrips listed in the equity and F&O.
Further, the software can prove beneficial for traders in structuring their strategies as an investor can always test them on a small group of scrips and optimize the portfolio of their stock.
IIFL Mutual Fund App – IIFL Securities has a mutual funds app specifically aimed to cover all mutual funds related to trade, real-time news, analysis in addition to many other facilities.
Investors can trade in mutual funds through the app, and track the same. Another interesting thing about the app is that it is even accessible to users who don’t have a demat account with IIFL Securities.
Pros
- Availability of multiple brokerage plans
- SIP facility in equity, commodity and mutual funds
- Multiple Trade Terminals with support of desktop, web and mobile
- After Market Order Facility
- NRI services available
- Facility to invest in multiple segments
- Wide Network branches across India and abroad
Cons
- It is not 3-in-1 demat account
- Demat debit charge is 0.05% per debit transaction
Angel Broking – Review
Angel broking, also a full-service stockbroker, was established in 1987. It also has memberships with different exchanges such as BSE, NSE, MCX, NCDEX. Angel broking is famous for the mobile trading app. Key features of Angle Broking are given below.
Angel Broking Key Features
- A single demat account for share, mutual funds and bonds
- Expert research and stock advisory services available
- Simplified Trading Platform
- One-click account opening digital process
- Knowledge Center facility for learning
Angel Broking Charges
Brokerage Plan
| Equity Delivery Brokerage | ₹0 (Free) |
| Equity Intraday Brokerage | Flat ₹20 per executed order |
| Equity Futures Brokerage | Flat ₹20 per executed order |
| Equity Options Brokerage | Flat ₹20 per executed order |
| Currency Futures Trading Brokerage | Flat ₹20 per executed order |
| Currency Options Trading Brokerage | Flat ₹20 per executed order |
| Commodity Futures Trading Brokerage | Flat ₹20 per executed order |
| Commodity Options Trading Brokerage | Flat ₹20 per executed order |
Angel Broking Demat Account Charges
| Demat Account Opening | Free |
| Demat AMC Charges | Free or Rs.300 per Annum (depends on the initial margin) |
| Trading AMC Charges | Free |
| DP Charges | CDSL: ₹23.60 |
| NSDL: NA | |
| Dematerialisation Charges | ₹20 per certificate |
| Rematerialisation Charges | ₹30 + Actual CDSL charges |
| Pledge Creation Charges | ₹25 per ISIN (₹50 per ISIN for BSDA Client |
Angel Broking Margin
| Equity Delivery | Up to 6x |
| Equity Intraday | Up to 40x |
| Equity Futures | Up to 4x |
| Equity Options | 3x for shorting |
| Currency Futures | Up to 2x |
| Currency Options | Up to 2x |
| Commodity Futures | 3x |
Also Read – Zerodha Vs Angle Broking – Stock Broker Comparison – Review
Angel Trading Platforms
Angel Broking App
Angel Broking App is smartphone app trading and investment. This app is powered by artificial intelligence. It runs rule based investment engine to get personalized stock recommendation. You can track your portfolio at single place. This app provides easy trading option. You can trade at any time with a click of a button.
Angel BEE
Angle BEE is Mutual fund app by Angel Broking. You can invest in mutual fund using this app effortlessly. In addition to making investment in mutual funds you can view your active SIP, transaction portfolio & equity investment on this app. This app also provides facility of expense tracker.
Angel SpeedPRO
Angel SpeedPRO is trading software that runs on your desktop. You can get single window trading experience along with speed and monitoring facility on this platform. It provides real time streaming rates for instant trading. You can monitor your portfolio as well as invest in mutual funds using SpeedPRO. It is simple and easy to use application.
Pros
- Faster dematerialization process of equity
- Operating of multiple family member accounts with a single id
- UPI based payments facility offered
- Advisory is advance with making use of AI
Cons
- Only single flat brokerage plan
- The web-based platform is made for the advanced user (Complex)
- A lot of messages on stock advice and tips
IIFL Vs Angel Broking Comparison
Final Takeaway
IIFL & Angel Broking both are equally good. However, IIFL is superior as it offers multiple brokerage plan and also provide NRI services. It also provides very good customer support this includes Chat support and Toll Free Number. Angle broker is superior in terms of UPI based payment facility & advisory services.
Which one is best for you IIFL or Angel Broking?
*Note- All information given above is collected from the stockbroker website as on 1/8/2020. The account opening charges, margin, and other fees, etc can vary from time to time. You are requested to refer to the stockbroker website for the latest information.
