IIFL vs Interactive Brokers comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.

We will talk at length in this detailed review for your reference.

IIFL Vs Interactive Brokers Comparison

Here is a point by point comparison of IIFL Vs Interactive Brokers.

IIFL is a prominent name in Indian full-service broking.

It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. IIFL was incorporated in 1995 and today is one of the top three full-service brokers in India.

Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well.

With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.

Everything about discount brokers such as Interactive Brokers is Online, be it – customer service, trading, account opening etc.

Full-service brokers such as IIFL, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.

Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.

To make things easy for you, we have listed out the comparison between IIFL Vs Interactive Brokers to help you find which of the two suits your needs better.

The comparison is made on aspects such as:

• Company Overview
• Account Opening Charges
• Brokerage
• Exposure or Leverages
• Research
• Trading Platforms
• Other Features

IIFL Vs Interactive Brokers Compare

Generally, the above mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover.

Most of the content has been vetted by the corresponding stockbroking firms.

We hope this article helps you to understand which of the two brokers is better for your needs.

*NSE Complaints Percentage: Lower is this number, Better is the broker.

Before we complete this comparison, we think one quick understanding of brokerage charges is important.

Full-service stockbrokers charge brokerage as a percentage of your trading turnover.

For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.

Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.

Also, check out some of the other stockbroker comparisons you might be interested in.

Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with IIFL Vs Interactive Brokers for the benefits of other readers?

Please feel free to share in the comments below.

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