Overview

IIFL Markets offers comprehensive full-service trading with award-winning research support and dedicated relationship manager assistance for investors seeking guidance. The platform features zero account opening charges plus first-year free annual maintenance, making entry cost-effective for new investors. Perfect for traders wanting professional research reports, expert stock recommendations, and advisory services beyond basic execution. With over 25 years of market experience and SEBI registration across all major exchanges including NSE, BSE, MCX, and NCDEX, IIFL combines traditional broker services with modern digital platforms.

Pros

↑Award-winning research team with reports on 500+ stocks
↑Dedicated relationship manager for personalized guidance
↑Zero account opening charges with first year AMC waived

Cons

↓Higher percentage-based brokerage compared to discount brokers
↓Mobile app navigation less intuitive than newer platforms
↓Monthly Super Trader Plan subscription adds recurring costs

Key Highlights

Welcome Offer
₹101 Instarewardz points per referral
Earn 101 Instarewardz points for each successful referral
Referred person must open demat account within 30 days
Points redeemable for rewards on Instarewardz platform
No limit on number of referrals

Trading Costs
From ₹20 per trade
Z20 Plan: Flat ₹20 per trade for intraday and F&O
Normal Plan: 0.5% for delivery, 0.5% for intraday
Super Trader Plan: ₹999/month subscription available
Additional statutory charges apply

Assets & Markets
Multiple asset classes
Equities on NSE and BSE
Futures and options derivatives
Commodities on MCX and NCDEX
Currency trading available
US stocks access
Mutual funds and ETFs
IPO participation

Why Choose?
Award-winning research
Research reports on 500+ stocks
Coverage of NIFTY, Sensex, Bank NIFTY, Mid Cap
Sector summaries and analysis
Stock recommendations for beginners
Market insights and trends

Regulation & Safety
SEBI registered
SEBI Registration: INZ000164132
NSE Member Code: 10975
BSE Member Code: 179
MCX Member Code: 55995
NCDEX Member Code: 1249
ISO 27001:2013 Certified

Account Minimum
₹0 account opening
Zero charges for account opening
First year AMC completely free
₹250 + GST AMC from second year
Multiple pricing plans available

Key Benefits

Trading Costs

★2.8

▼

Z20 Plan: ₹20 flat for intraday/F&O, ₹0 for delivery
Normal Plan: 0.5% delivery, 0.5% intraday (negotiable)
Futures: 0.03-0.05% of contract value
Options: ₹10-₹30 per lot
Higher than discount brokers but includes advisory
DP charges: ₹25 + GST per scrip on selling

Platform And Tools

★3.5

▼

IIFL Markets mobile app (iOS and Android)
Trader Terminal desktop platform
Web-based trading portal
Advanced charting with 230+ indicators
20-level market depth available
Call & Trade facility
Interface less intuitive than newer platforms

Research And Analysis

★4.2

▼

Award-winning research team
Reports on 500+ stocks
NIFTY, Sensex, Bank NIFTY, Mid Cap coverage
Sector summaries and analysis
Hot stock picks and recommendations
Technical and fundamental analysis
Regular market updates

Mobile Trading

★3.8

▼

iOS and Android apps available
Google Play rating: 4.3 stars
Real-time notifications and alerts
Portfolio tracking and management
Guest login feature for trial
Full trading capabilities
Some users report occasional hangs

Account Features

★3.7

▼

Zero account opening charges
First year AMC free
Multiple plan options (Normal, Z20, Super Trader)
Margin trading facility available
3-in-1 account with partner banks
IPO application support
US stocks access
NRI accounts available

Security And Trust

★4.0

▼

SEBI registered since 1995 (30 years)
ISO 27001:2013 certified
Member of NSE, BSE, MCX, NCDEX
Part of IIFL Group (established financial services)
Client fund segregation
Regular compliance audits
Two-factor authentication

Customer Support

★3.4

▼

Dedicated relationship manager (Normal Plan)
Call & Trade facility
Email support: [email protected]
Help Centre with FAQs and guides
Query Desk for investor questions
Ticket Centre for issue tracking
Response times vary by plan

Educational Resources

★3.6

▼

MoneyVersity learning platform
Free technical analysis courses
Investment guides and articles
Market webinars available
Research reports for learning
Beginner-friendly content
Limited advanced courses

Available Tools

Trading Tools

▼

Paper Trading	×
Margin Trading	✓
Zero Commission	✓
Fractional Shares	×
After Hours Trading	×

Automation

▼

Dca	✓
Algo Trading	✓
Grid Trading	×
Trading Bots	×
Robo Advisory	×
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	×

Advanced Tools

▼

Api Access	✓
Basket Trading	×
Options Strategies	✓
Smart Order Routing	×
Backtesting Capabilities	×

Detailed Information

Commission Tiers	Normal Plan: 0.5% delivery (negotiable), 0.5% intraday Z20 Plan: ₹0 delivery, ₹20 flat intraday/F&O Super Trader Plan: ₹999/month subscription + flat rates No volume-based tiers for retail
Trading Fees	Equity Delivery: Normal 0.5%, Z20 ₹0 Equity Intraday: Normal 0.5%, Z20 ₹20 Futures: 0.03-0.05% or ₹20 flat (plan dependent) Options: ₹10-₹30 per lot Commodity Futures: 0.01-0.025% Commodity Options: ₹80-₹150 Currency Futures: ₹15-₹25 Currency Options: ₹5-₹10
Stock Etf Commission	0.5% (Normal Plan) or ₹0 (Z20 Plan)
Options Commission	₹10-₹30 per lot depending on plan
Futures Commission	0.03-0.05% or ₹20 flat
Financing Rates	Margin trading interest rates apply Based on account size and usage Contact broker for specific rates
Margin Interest Rate	Varies by account type and usage
Overnight Fees	Not applicable for delivery trades Futures positions subject to exchange charges
Non Trading Fees	Account opening: ₹0 AMC: ₹0 (first year), ₹250 + GST thereafter DP charges: ₹25 + GST per scrip on sell Pledge charges: ₹10 + GST per request Physical statement: ₹100 + ₹40 postal + GST Call & Trade: Free (Normal Plan)
Deposit Fee	₹0
Withdrawal Fee	Bank transfer charges may apply
Currency Conversion Fee	Standard bank rates apply
Data Feed Fees	Real-time data included
Order Modification Fee	₹0
Vip Fee Tiers	No formal VIP program Plan selection determines pricing structure

Minimum Spreads	Market standard
Maximum Leverage	As per SEBI regulations for segment Varies by instrument type
Margin Call Level	Standard SEBI norms
Stop Out Level	Standard SEBI norms
Negative Balance Protection	Not applicable (equity markets)
Settlement Period	T+1 for equity (new SEBI rule) T+0 for intraday Varies for derivatives
Order Execution Quality	Direct market access Lightning-fast execution claimed Order routing to exchanges Low latency platform

Stocks Count	5,000
Etfs Count	500
Crypto Count	0
Forex Pairs Count	0
Product Universe Overview	5000+ stocks across NSE and BSE Futures and options on major indices and stocks Commodities on MCX and NCDEX Currency derivatives 2000+ mutual funds US stocks access IPO participation
Geographic Market Coverage	India: NSE, BSE (primary focus) US markets: NYSE, NASDAQ access Limited international coverage
Major Markets Details	NSE: NIFTY 50, Bank NIFTY, NIFTY Next 50 BSE: Sensex stocks Mid Cap and Small Cap segments Full derivatives market access
Emerging Markets Details	Focus on Indian market only No direct emerging markets access
Base Currencies Supported	INR (primary) USD (for US stocks)

Trading Platforms Overview	IIFL Markets mobile app Trader Terminal desktop platform Web-based trading portal Multiple platform access points
Desktop Platform	Trader Terminal with advanced features Real-time streaming data Advanced charting and analysis Multi-asset class trading Portfolio management tools Order management system
Mobile App	IIFL Markets app for iOS and Android 4.3 star rating on Google Play Real-time quotes and charts Push notifications Portfolio tracking Trade execution Guest login feature for testing
Web Platform	Browser-based trading No download required Full trading capabilities Research reports access Account management
Trading Tools And Features	Live charting with 230+ indicators Advanced 20-level market depth Stock screeners Hot stocks identification Price alerts Watchlist customization Options strategy builder
Charting And Technical Analysis	230+ technical indicators Multiple chart types Drawing tools available Historical data access Pattern recognition Customizable timeframes
Risk Management Tools	Stop-loss orders Target orders Bracket orders Position monitoring Margin calculations Risk analytics
Order Types Available	Market orders Limit orders Stop-loss orders Good-till-cancelled Day orders Bracket orders Cover orders
Integrations And Api Access	Trading APIs available Third-party integrations limited Data export capabilities API documentation provided
Third Party Platforms	Limited third-party support
Api Rate Limits	Standard API limits apply
Algo Trading Support	Algo trading supported via API Strategy builder available

Customer Support Overview	Dedicated relationship manager (Normal Plan) Call & Trade facility Email support available Help Centre with comprehensive FAQs Query Desk for questions Ticket tracking system
Phone Support Hours	Business hours support Trade Line: 8691886918
Live Chat Availability	Available through app
Email Response Time	[email protected] Response within 24-48 hours typically
Languages Supported	English Hindi
Local Office Presence	Pan-India branch network Multiple franchise locations
Account Manager	Yes (Normal Plan) Dedicated RM support
Educational Resources Overview	MoneyVersity learning platform Free technical analysis courses Research reports Market webinars Investment guides Articles and tutorials
Beginner Resources	Yes - Comprehensive beginner guides Stock recommendations for beginners Educational articles
Webinars And Tutorials	Regular market webinars Investment training sessions
Market Analysis And Research	Award-winning research team Daily market analysis 500+ stock reports Sector summaries
Demo Account Details	Guest login feature in app Trial access available
Trading Courses	MoneyVersity courses Technical analysis training Financial management courses
Tax Reporting Help	Basic tax documents provided Annual statements available

Regulation Overview	SEBI registered stockbroker Capital Markets Services License Member of all major exchanges ISO 27001:2013 certified Established 1995 (30 years experience)
Primary Regulator	Securities and Exchange Board of India (SEBI)
License Number	SEBI Registration: INZ000164132 NSE Member: 10975 BSE Member: 179 MCX Member: 55995 NCDEX Member: 1249
Investor Protection Scheme	Client fund segregation SEBI investor protection guidelines Regular compliance audits Depository participant safeguards
Security Features	ISO 27001:2013 certification Two-factor authentication Secure login protocols Data encryption Regular security audits OTP verification for transactions

Commission Tiers

Normal Plan: 0.5% delivery (negotiable), 0.5% intraday
Z20 Plan: ₹0 delivery, ₹20 flat intraday/F&O
Super Trader Plan: ₹999/month subscription + flat rates
No volume-based tiers for retail

Trading Fees

Equity Delivery: Normal 0.5%, Z20 ₹0
Equity Intraday: Normal 0.5%, Z20 ₹20
Futures: 0.03-0.05% or ₹20 flat (plan dependent)
Options: ₹10-₹30 per lot
Commodity Futures: 0.01-0.025%
Commodity Options: ₹80-₹150
Currency Futures: ₹15-₹25
Currency Options: ₹5-₹10

Stock Etf Commission

0.5% (Normal Plan) or ₹0 (Z20 Plan)

Options Commission

₹10-₹30 per lot depending on plan

Futures Commission

0.03-0.05% or ₹20 flat

Financing Rates

Margin trading interest rates apply
Based on account size and usage
Contact broker for specific rates

Margin Interest Rate

Varies by account type and usage

Overnight Fees

Not applicable for delivery trades
Futures positions subject to exchange charges

Non Trading Fees

Account opening: ₹0
AMC: ₹0 (first year), ₹250 + GST thereafter
DP charges: ₹25 + GST per scrip on sell
Pledge charges: ₹10 + GST per request
Physical statement: ₹100 + ₹40 postal + GST
Call & Trade: Free (Normal Plan)

Deposit Fee

₹0

Withdrawal Fee

Bank transfer charges may apply

Currency Conversion Fee

Standard bank rates apply

Data Feed Fees

Real-time data included

Order Modification Fee

₹0

Vip Fee Tiers

No formal VIP program
Plan selection determines pricing structure

IIFL Markets

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

Related Products

Pros

Cons