IIFL Capital Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- N/A
- TTweb
- IIFL Markets (Mobile)
- Trader Terminal (Desktop)
- Available on request
- Access to Indian exchanges, derivatives trading
Our Evaluation of IIFL Capital
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
IIFL Capital is a broker with higher-than-average risk and the TU Overall Score of 3.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by IIFL Capital clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
How we tested IIFL Capital
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at IIFL Capital
IIFL Capital Services Limited, formerly known as IIFL Securities Limited, was established in 1996 as part of the India Infoline Group (IIFL). It is regulated and licensed by the Securities and Exchange Board of India (SEBI), the country’s primary financial regulatory authority.The company is a member of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). It is also registered as a depository participant with both the National Securities Depository Limited (NSDL) and the Central Depository Services Limited (CDSL). IIFL Capital provides access to equities and derivatives through proprietary trading platforms and serves more than 3 million clients.
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- Wide selection of financial instruments.
- Proprietary trading platform and IIFL Markets mobile app.
- Regulation by the SEBI government oversight body.
- Low intraday trading fees.
- Integration with major exchanges (NSE and BSE).
- High-quality client support.
- Personalized portfolio management (PMS).
- No demo account or trading simulator.
- No credit or debit card payment options.
- Leverage limitations.
TU Expert Verdict
Chief Analytics Officer
IIFL Capital provides access to trading equities, derivatives, currencies, commodities, mutual funds, and alternative investment products through proprietary platforms like Trader Terminal, TTweb, and the IIFL Markets mobile app. Regulated by SEBI and connected to both the National Stock Exchange and Bombay Stock Exchange, the broker supports over 3 million clients and offers account types such as Demat, Trading, PMS, AIF, and Mutual Fund. Clients benefit from efficient investment management, integrated depository services, and professional client support, with competitive intraday trading fees and personalized portfolio options available to Indian investors.
A few disadvantages are the absence of a demo account or trading simulator, lack of credit and debit card payment methods, and leverage only available on request. These factors may make IIFL Capital less appealing to active traders or those seeking flexible payment and training features, but the broker remains suitable for long-term investors focused on the Indian markets.
IIFL Capital Summary
Your capital is at risk.
| 💻 Trading platform: | Trader Terminal (Desktop), TTweb, IIFL Markets (Mobile) |
|---|---|
| 📊 Accounts: | Demat, Trading, PMS, AIF, Mutual Fund |
| 💰 Account currency: | INR |
| 💵 Deposit / Withdrawal: | Bank transfers, checks |
| 🚀 Minimum deposit: | N/A |
| ⚖️ Leverage: | Available on request |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | N/A |
| 💱 EUR/USD spread: | 0.25% for delivery trades, 0.025% for intraday and futures |
| 🔧 Instruments: | Equities, Mutual Funds, IPOs, AIF, PMS, Derivatives, Bonds, NCDs, FDs, Sovereign Gold Bonds, Commodities, Currency, Fixed Income |
| 💹 Margin Call / Stop Out: | Not specified |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange-based |
| ⭐ Trading features: | Access to Indian exchanges, derivatives trading |
| 🎁 Contests and bonuses: | None |
IIFL Capital offers access to a wide range of financial instruments through its proprietary platforms. Clients can trade equities, derivatives, currencies, commodities, and other assets using intuitive tools and integrated analytics. Options are available on the Nifty index, which tracks NSE-listed equities, and the Bank Nifty index, focused on the NSE’s banking sector. Traders also have the ability to borrow funds from IIFL Capital to increase the size of their trading positions, allowing for greater market exposure.
IIFL Capital Key Parameters Evaluation
Trading Account Opening
To begin trading with IIFL Capital, clients must open a Demat account, which can be completed online or through the IIFL Markets mobile app.
Follow these steps:
Click “Open Account” on the website and provide your phone number and email address.
Verify your contact details using the codes sent via SMS and email.
Provide personal information and upload the required documents for identity verification.
Is IIFL Capital Safe?
IIFL Capital is regulated by SEBI and licensed for brokerage (INZ000164132), investment banking (INM000010940), and research (INH000000248).
Advantages
- SEBI regulatory compliance
- Trading access on major Indian exchanges
- Depository service integration
Disadvantages
- Limited payment methods
- Local market focus
Commissions and Fees
IIFL Capital charges a commission of 0.25% for delivery-based equity trades and 0.025% for intraday and futures trading. The fee for Nifty and equity options is 25 INR per lot, while Bank Nifty options cost 75 INR per lot. Account opening and the first year of maintenance are free; afterward, an annual fee of 250 INR applies. There are no fees for fund withdrawals. Additional charges include a 100 INR penalty for failure to meet obligations, a 25 INR fee for depository debit transactions, and fees for pledging securities.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Trading Account | 0.025% of transaction | None |
Government taxes and regulatory charges also apply, including GST at 18% and a SEBI fee of ₹5 for every ₹10 million in turnover.
The average equity trading commission at IIFL Capital is approximately 0.14%, which equals $1.40 on a $1,000 trade. A comparison with other brokers’ fees is provided below.
| Broker | Average commission | Level |
|---|---|---|
|
$1.4 | |
|
$4 | |
|
$1.1 |
Account Types
IIFL Capital offers clients a choice of account types for investing and trading in India’s financial markets. Each account provides access to a range of investment opportunities tailored to the client’s financial goals and level of experience.
Deposit and Withdrawal
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Clients can withdraw the full balance from their account.
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Available withdrawal methods include electronic fund transfer (EFT) to the client’s registered bank account and check issuance via HDFC Bank.
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Requests submitted by 4:00 p.m. Monday through Friday are processed on the same business day; those submitted after 4:00 p.m. are processed on the next business day.
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For EFTs, funds are credited within 24 hours after the request is processed. Checks are delivered within 24 hours for clients in Mumbai, or through the appropriate branch or representative for clients in other regions.
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No withdrawal fees are charged by the broker.
Investment Options
IIFL Capital offers several passive income tools designed for investors with various levels of capital and preferences.
Investment Products:
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Portfolio Management (PMS): For clients with capital starting from 5 million INR, offering custom strategies and access to equities, bonds, structured products, and international markets.
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Investment Funds: Access to index, exchange-traded, and mutual funds aligned with major indices like the Nifty 50. Ideal for low-maintenance market exposure.
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Fixed Income Products: Options include bonds, government securities, and deposits, suited for low-risk investors seeking stable returns.
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Dividends: Investors can earn passive income through dividends from portfolio stocks. IIFL offers analytics to help select strong dividend performers.
IIFL Capital offers several passive income tools designed for investors with various levels of capital and preferences.
IIFL Capital’s Partnership Program
The IIFL Capital partnership program offers individuals and organizations the opportunity to build their own financial services business with the backing of one of India’s leading brokers. Several partnership models are available, each tailored to different experience levels and goals.
Partnership Solutions:
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Refer and Earn: Clients receive 500 reward points for each referral, redeemable for ₹500 gift vouchers.
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Franchisee: Requires a refundable deposit of 1 million INR. Includes access to trading platforms, training resources, and up to 70% commission sharing.
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Marketing Associate: No investment needed. Partners earn by promoting IIFL products without opening a physical office.
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Remisier / Direct Sales Agent (DSA): No upfront investment is required. Partners earn commissions based on trades executed by referred clients.
Each partnership model includes access to IIFL Capital’s product ecosystem and support infrastructure, helping partners scale their presence in the financial services sector.
Customer Support
Support is available Monday through Friday, 8:30 a.m. to 5:00 p.m. IST (excluding Indian public holidays).
Advantages
- Messenger support
- International office (New York)
Disadvantages
- No live chat
- No 24/7 service
Available support channels include:
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Email;
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Phone;
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WhatsApp;
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Facebook;
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Instagram;
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Physical offices.
Contacts
| Registration address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane, Maharashtra 400604 |
|---|---|
| Regulation |
SEBI
Licence number: INZ000164132 |
| Official site | https://www.iiflcapital.com |
| Contacts |
+91-22-46464600, +91-22-40071000, +91-22-61502000
|
Education
IIFL Capital provides clients with a range of educational resources designed to build financial literacy and strengthen investment skills. The content spans a broad spectrum of topics, from stock market basics to more advanced investment strategies, helping investors at all levels expand their knowledge and make more informed decisions.
Clients can access the MoneyVersity mobile app, which features more than 12 educational channels and certified courses with accreditation.
Detailed review of IIFL Capital
IIFL Capital offers a broad range of brokerage services tailored to investors seeking to trade securities in the Indian stock market. The company provides the ability to buy and sell equities, bonds, and other financial instruments through India’s major exchanges, including the NSE and BSE. This gives investors access to liquid markets and diverse investment opportunities.
IIFL Capital in numbers:
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Operating since 1996.
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Average daily turnover: 1.5 billion INR.
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11+ million IIFL Markets app downloads.
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Over 3 million clients.
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AUM over 1.2 billion INR.
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More than 20 investment options.
IIFL Capital offers advanced tools for market analysis and trade execution
To support investment management, the broker provides personalized consultations and dedicated client service. IIFL Capital’s proprietary platform allows investors to access advanced tools for real-time market analysis and efficient trade execution. The platform combines a user-friendly, intuitive interface with powerful features, including portfolio tracking, price alerts, and performance monitoring.
Clients also benefit from access to in-depth research and analytics designed to support informed decision-making. IIFL Capital delivers market reviews, financial news, and expert insights that are especially helpful for investors looking to navigate market trends and assess potential risks.
Research services:
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GemRush: Investment screener with filters by budget, time, and return.
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IIFL Knowledge Center: Articles on stocks, derivatives, bonds, and financial planning.
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MoneyVersity App: Courses, video lectures, podcasts, and AI-personalized content.
Advantages:
High reliability and transparency.
Easy online account setup.
Margin trading available.
Access to mutual funds, bonds, and structured products.
Zero withdrawal fees.
Tools on the IIFL Capital website include calculators for income and tax forecasting, helping investors make informed decisions.
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