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Aasmaa Securities vs. IIFL

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are Aasmaa Securities and IIFL. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Aasmaa Securities and IIFL.


Overview

Aasmaa Securities is private company and IIFL is public company. both are full service broker as well. Anand Kumar Jhawar co-founded Aasmaa Securities in 2007. And IIFL was founded in the year 1995 by Nirmal Jain. Aasmaa Securities's headquarters are in Hyderabad, Andhra Pradesh and IIFL's headquarters are in Mumbai, India.

Aasmaa Securities and IIFL both are full service broker as well. Aasmaa Securities is registered in NA, while IIFL is registered in NSE, BSE, MCX. The total branches of Aasmaa Securities are Nil and the IIFL branches are 900.

OverviewAasmaa SecuritiesIIFL
Broker TypeFull Service BrokerFull Service Broker
Type of companyPrivatePublic
HeadquarterHyderabad, Andhra PradeshMumbai, India
FoundersAnand Kumar JhawarNirmal Jain
Foundation Year20071995
Supported ExchangesNANSE, BSE, MCX
Total branchesNil900

Aasmaa Securities and IIFL Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with Aasmaa Securities charging Free and IIFL charging Rs.1300.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Aasmaa Securities Demat account is Rs.250 per Annum and for the IIFL Demat account is Free for 1 year & Rs.450 per annum thereafter. The Trading AMC for Aasmaa Securities and IIFL is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Aasmaa Securities and IIFL is CDSL.

Account Opening and Demat ChargesAasmaa SecuritiesIIFL
Trading Account Opening ChargesFreeRs.1300
Demat AMC (Annual Maintenance Charges)Rs.250 per AnnumFree for 1 year & Rs.450 per annum thereafter
Trading AMC (Annual Maintenance Charges)FreeFree
Margin MoneyMinimum Rs.15,000Minimum Rs.10,000
Offline to Online ChargesYesYes
DepositoryCDSL & NSDLNSDL & CDSL

Aasmaa Securities and IIFL Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Aasmaa Securities is 0.15% – 0.3%, while IIFL charges you Free.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Aasmaa Securities is 0.01% – 0.03% and for IIFL also, it is Rs.20 per order or 0.05%, whichever is lower.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Aasmaa Securities charge 0.01% – 0.03% and IIFL charge Rs.20 per order or 0.05%, whichever is lower for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Aasmaa Securities charges Rs.30 – Rs.50 per Lot, and IIFL charges Rs.20 per order.

Equity Brokerage ChargesAasmaa SecuritiesIIFL
Equity Delivery Brokerage0.15% – 0.3%Free
Equity Intraday Brokerage0.01% – 0.03%Rs.20 per order or 0.05%, whichever is lower
Equity Futures Brokerage0.01% – 0.03%Rs.20 per order or 0.05%, whichever is lower
Equity Options BrokerageRs.30 – Rs.50 per LotRs.20 per order

Aasmaa Securities and IIFL Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Aasmaa Securities is 0.01% – 0.03% and for IIFL is Rs.20 per order or 0.05%, whichever is lower.

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Aasmaa Securities charges Rs.15 – Rs.25 per Lot for currency options, whereas Aasmaa Securities charges Rs.20 per order or 0.05%, whichever is lower.

Currency Brokerage ChargesAasmaa SecuritiesIIFL
Currency Futures Brokerage0.01% – 0.03%Rs.20 per order or 0.05%, whichever is lower
Currency Options BrokerageRs.15 – Rs.25 per LotRs.20 per order or 0.05%, whichever is lower

Aasmaa Securities and IIFL Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Aasmaa Securities charges NA for commodity trading, while IIFL charges Rs.20 per order or 0.05%, whichever is lower.

Commodity Brokerage ChargesAasmaa SecuritiesIIFL
Commodity Options BrokerageNARs.20 per order or 0.05%, whichever is lower

Aasmaa Securities and IIFL Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Aasmaa Securities levies a minimum brokerage fee of Percentage of Transaction, while IIFL charges Rs.0.05 per Share brokerage fee.

Transaction Brokerage Charges: Aasmaa Securities levies a transaction brokerage charge of 0.00255%, while IIFL charges 0.00325% of Total Turnover.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Aasmaa Securities is 0.0002% of Total Turnover and for Aasmaa Securities is Rs.5 per crore.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for Aasmaa Securities are 0.0126% of selling value, while for IIFL, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Aasmaa Securities charges NA and IIFL charges Rs 50 per call.

Other Brokerage ChargesAasmaa SecuritiesIIFL
Minimum Brokerage ChargesPercentage of TransactionRs.0.05 per Share
Transaction Brokerage Charges0.00255%0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total TurnoverRs.5 per crore
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of selling value0.0126% of Total Turnover
Call and Trade ChargesNARs 50 per call

Aasmaa Securities and IIFL Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by Aasmaa Securities is up to Upto 2x and by IIFL it is up to Upto 5x.

Equity Intraday: Leverage for equity intraday by Aasmaa Securities is up to Upto 5x and by IIFL it is up to Upto 20x.

Equity Futures: Leverage for Equity Futures by Aasmaa Securities is up to Upto 2x and by IIFL it is up to Upto 7x.

Equity Options: Leverage for Equity Options by Aasmaa Securities is up to Upto 5x and by IIFL also, it is up to Upto 5x.

Equity LeverageAasmaa SecuritiesIIFL
Equity DeliveryUpto 2xUpto 5x
Equity IntradayUpto 5xUpto 20x
Equity FuturesUpto 2xUpto 7x
Equity OptionsUpto 5xUpto 5x

Aasmaa Securities and IIFL Currency Leverage

The currency futures leverage provided by Aasmaa Securities is up to Upto 2x, while for IIFL it is up to Upto 8x.

The currency options leverage provided by Aasmaa Securities is up to Upto 3x, while for IIFL it is up to Upto 5x.

Currency LeverageAasmaa SecuritiesIIFL
Currency FuturesUpto 2xUpto 8x
Currency OptionsUpto 3xUpto 5x

Aasmaa Securities and IIFL Commodity Leverage

The commodity leverage provided by Aasmaa Securities is up to Upto 2x, while for IIFL it is up to Upto 8x.

Commodity LeverageAasmaa SecuritiesIIFL
CommodityUpto 2xUpto 8x

Aasmaa Securities and IIFL Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

OffersAasmaa SecuritiesIIFL
Free Stock Trading AccountYesYes
Free Demat AccountNoYes
Flexible PlansYesYes
Brokerage DiscountsYesNo
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersYesNo
Referral ProgramNoYes
Zero Brokerage on Loss TradesNoNo

Aasmaa Securities and IIFL Features

Equity Trading: Aasmaa Securities and IIFL brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: Aasmaa Securities and IIFL also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Aasmaa Securities and IIFL broker is that you can also invest in IPOs. Aasmaa Securities also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Aasmaa Securities offers trading exposure of up to Upto 5x, while IIFL gives up to Upto 20x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Aasmaa Securities and IIFL, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Aasmaa Securities and IIFL also allow you to trade in forex trading.

FeaturesAasmaa SecuritiesIIFL
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)NoYes
Trading InstitutionNoNo
Trading ExposureUpto 5xUpto 20x
Mutual FundsYesYes
SIP (Systematic Investment Plan)YesYes
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

Aasmaa Securities and IIFL Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Aasmaa Securities and IIFL offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory ServicesAasmaa SecuritiesIIFL
Fundamental ReportsNoYes
Research ReportsNoYes
Company ReportsNoYes
Annual ReportsNoYes
Company Stock ReviewNoYes
Free Stock TipsYesYes
IPO ReportsYesYes
Top PicksYesYes
Daily Market ReviewYesYes
Monthly ReportsYesYes
Weekly reportsYesYes
Offline AdvisoryYesYes
Relationship ManagerYesYes

Aasmaa Securities and IIFL Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Aasmaa Securities and IIFL offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading PlatformsAasmaa SecuritiesIIFL
WindowsYesYes
MacYesYes
Desktop BrowserNoYes

Aasmaa Securities and IIFL Mobile Trading Platforms

Aasmaa Securities and IIFL offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsAasmaa SecuritiesIIFL
Mobile BrowserNoYes
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

Aasmaa Securities and IIFL Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Aasmaa Securities and IIFL give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support FeaturesAasmaa SecuritiesIIFL
Relationship ManagerNoYes
Offline TradingYesNo
Online TradingYesYes
24 * 7 SupportNoNo
Email SupportYesYes
Chat SupportNoYes
Toll free numberNoNo
Support Branches119120

Aasmaa Securities and IIFL Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Aasmaa Securities and IIFL registered and resolved complaints.

For Aasmaa Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.

For IIFL, the Percentage of resolved BSE complaints is 84.14 % and the Percentage of resolved NSE complaints is 99.07 %.

We can say that Aasmaa Securities is better than IIFL in case of resolving customer complaints.

BSE ComplaintsAasmaa SecuritiesIIFL
BSE Complaints2145
BSE Resolved Complaints2144
Percentage of resolved BSE complaints100.00 %84.14 %
NSE Complaints3214
NSE Resolved Complaints3212
Percentage of resolved NSE complaints100.00 %99.07 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %91.60 %

Frequently Asked Questions


  1. Is Aasmaa Securities better than IIFL?

    Aasmaa Securities and IIFL are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is IIFL better than Aasmaa Securities?

    IIFL and Aasmaa Securities are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.

  3. Which is cheaper between Aasmaa Securities and IIFL?

    Aasmaa Securities and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.

  4. Which is better, Aasmaa Securities and IIFL?

    To figure out which of the two stockbrokers, Aasmaa Securities and IIFL, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Aasmaa Securities with other stock brokers

Visit the following pages to see a detailed comparision report of Aasmaa Securities with other brokerage firms.


Compare IIFL with other stock brokers

Visit the following pages to see a detailed comparision report of IIFL with other brokerage firms.