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IIFL vs Angel Broking – Stock Brokers Comparison

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 TypeFlat Brokerage Plan (FBP)
Equity Delivery Brokerage0.50%
Equity Intraday Brokerage0.05%
Equity Futures Brokerage0.05%
Equity Options Brokerage1% of Premium or ₹100 per lot, whichever is high
Currency Futures Trading Brokerage0.05%
Currency Options Trading Brokerage1% of Premium or ₹100 per lot, whichever is high
Commodity Futures Trading Brokerage0.05%
Commodity Options Trading Brokerage1% of Premium or ₹100 per lot, whichever is high

 Variable Brokerage Plan 

Account TypeVariable Brokerage Plan (VBP)
Equity Delivery Brokerage0.15% to 0.60%
Equity Intraday Brokerage0.02% to 0.05%
Equity Futures Brokerage0.02% to 0.05%
Equity Options Brokerage1% to 2.5% of premium or ₹100 per lot, whichever is higher
Currency Futures Trading Brokerage0.02% to 0.05%
Currency Options Trading Brokerage1% to 2.5% of premium or ₹100 per lot, whichever is higher
Commodity Futures Trading Brokerage0.02% to 0.05%
Commodity Options Trading Brokerage1% to 2.5% of premium or ₹100 per lot, whichever is higher

 Advanced Brokerage Plan 

Account TypeAdvance Brokerage Plan (Prepaid)
Fixed Charges₹5,000 to ₹1,00,000
Equity Delivery Brokerage0.35% to 0.05%
Equity Intraday Brokerage0.04% to 0.01%
Equity Futures Brokerage0.04% to 0.01%
Equity Options Brokerage1% of premium to flat ₹20 per lot
Currency Futures Trading Brokerage0.04% to 0.01%
Currency Options Trading Brokerage1% of premium to flat ₹20 per lot
Commodity Futures Trading Brokerage0.04% to 0.01%
Commodity Options Trading Brokerage1% of premium to flat ₹20 per lot

 IIFL Demat Account Charges 

Demat Account OpeningFree
Demat AMC ChargesFree
Trading AMC ChargesFree
DP ChargesCDSL: ₹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 ChargesNIL


Equity DeliveryUpto 3x (18% Annual Interest)
Equity IntradayUp To 15x
Equity FuturesUpto 3x
Equity Options3x for shorting
Currency FuturesUpto 2x
Currency Options2x for shorting
Commodity FuturesUpto 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. 


  • 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


  • 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 BrokerageFlat ₹20 per executed order
Equity Futures BrokerageFlat ₹20 per executed order
Equity Options BrokerageFlat ₹20 per executed order
Currency Futures Trading BrokerageFlat ₹20 per executed order
Currency Options Trading BrokerageFlat ₹20 per executed order
Commodity Futures Trading BrokerageFlat ₹20 per executed order
Commodity Options Trading BrokerageFlat ₹20 per executed order

Angel Broking Demat Account Charges

Demat Account Opening Free
Demat AMC ChargesFree or Rs.300 per Annum (depends on the initial margin)
Trading AMC ChargesFree
DP Charges   CDSL: ₹23.60
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 DeliveryUp to 6x
Equity IntradayUp to 40x
Equity FuturesUp to 4x
Equity Options3x for shorting
Currency FuturesUp to 2x
Currency OptionsUp to 2x
Commodity Futures3x

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. 


  • 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 


  • 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

IIFL Vs Angel Broking

 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.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.