ICICI Direct Vs IIFL comparison here talks about the differences between these two stockbrokers in terms of multiple aspects.
If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs IIFL Comparison
Here is a point by point comparison of ICICI Direct Vs IIFL. ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
India Infoline or IIFL too 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.
India Infoline (IIFL) was incorporated in 1995 and today is one of the top three full-service brokers in India. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
Full-service brokers such as ICICI Direct, 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 ICICI Direct Vs IIFL to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Generally, 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.
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 ICICI Direct Vs IIFL for the benefits of other readers? Please feel free to share in the comments below.
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