Bajaj Broking and IIFL Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra, while IIFL Securities is listed as a Private Discount Broker , established in 1995 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Broking or IIFL Securities is a better fit for your investment style, platform preference, and budget.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Freedom Pack, Professional Pack, Signature Pack brokerage structure.
IIFL Securities is listed as a Private Discount Broker established in 1995 with headquarters in Mumbai and founded by Nirmal Jain. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as iValue Brokerage.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Bajaj Broking vs IIFL Securities — A Comprehensive Company Overview
| Company Overview | Bajaj Broking | IIFL Securities |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune, Maharashtra | Mumbai |
| Founder | Jamnalal Bajaj | Nirmal Jain |
| Establishment Year | 2010 | 1995 |
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | iValue Brokerage |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Broking and IIFL Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges 0.25% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges 0.025% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges 0.25% of Transaction Value.
Equity options: This charge applies to equity option contracts. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges Rs.25 per Lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges 0.25% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while IIFL Securities charges Rs.25 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Broking charges N/A ; IIFL Securities charges 0.25% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Broking charges N/A ; IIFL Securities charges Rs.25 per Lot.
Bajaj Broking vs IIFL Securities — Detailed Brokerage Comparison
| Brokerage | Bajaj Broking | IIFL Securities |
|---|---|---|
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | iValue Brokerage |
| Subscription Charges | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year | Zero |
| Equity Delivery | Starting ₹10 per order (Freedom Pack ₹20) | 0.25% of Transaction Value |
| Equity Intraday | Starting ₹10 per order (Freedom Pack ₹20) | 0.025% of Transaction Value |
| Equity Future | Starting ₹10 per order (Freedom Pack ₹20) | 0.25% of Transaction Value |
| Equity Option | Starting ₹10 per order (Freedom Pack ₹20) | Rs.25 per Lot |
| Commodity Future | Starting ₹10 per order (Freedom Pack ₹20) | 0.25% of Transaction Value |
| Commodity Option | Starting ₹10 per order (Freedom Pack ₹20) | Rs.25 per Lot |
| Currency Future | N/A | 0.25% of Transaction Value |
| Currency Option | N/A | Rs.25 per Lot |
Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. IIFL Securities provides mobile app access for its users.
Android app: Bajaj Broking and IIFL Securities both list an Android trading app.
iOS app: Bajaj Broking and IIFL Securities both list an iOS trading app.
Web trading platform: Bajaj Broking lists a web trading platform, while IIFL Securities does not currently mention it.
Desktop trading terminal: Bajaj Broking lists a desktop trading terminal, while IIFL Securities does not currently mention it.
Algo trading: Bajaj Broking lists algo trading support, while IIFL Securities does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Broking and IIFL Securities both list a mutual fund investment platform.
Digital gold platform: IIFL Securities lists digital gold investing, while Bajaj Broking does not currently mention it.
Bonds platform: Bajaj Broking lists a bonds investment platform, while IIFL Securities does not currently mention it.
Bajaj Broking vs IIFL Securities — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Broking | IIFL Securities |
|---|---|---|
| Android App | Yes | IIFL Securities Android App Link |
| iOS App | Yes | IIFL Securities iOS App Link |
| Web Trading Platform | Yes | — |
| Trading Terminal | Yes | NA |
| Algo Trading Platform | Yes | NA |
| Foreign Stocks Platform | N/A | NA |
| Basket Trading Platform | N/A | NA |
| Mutual Fund Platform | Yes | Available |
| Digital Gold Platform | N/A | Available |
| Bonds Platform | Yes | NA |
Bajaj Broking highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while IIFL Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Broking and IIFL Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Broking and IIFL Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Broking and IIFL Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Bajaj Broking and IIFL Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Bajaj Broking and IIFL Securities offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Bajaj Broking and IIFL Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Broking and IIFL Securities offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Broking and IIFL Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. IIFL Securities offers this; Bajaj Broking does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. IIFL Securities offers this; Bajaj Broking does not currently highlight it.
Bajaj Broking vs IIFL Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Broking | IIFL Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | N/A | No |
| Customised Recommendations | N/A | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | N/A | Yes |
| Robust & Secure Platform | N/A | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Broking and IIFL Securities.
Free account opening: Bajaj Broking and IIFL Securities both list free account opening.
Free AMC: Bajaj Broking and IIFL Securities both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Broking lists flat brokerage pricing, while IIFL Securities does not currently mention it.
Flexible brokerage plans: Bajaj Broking and IIFL Securities both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: IIFL Securities lists free research reports, while Bajaj Broking does not currently mention it.
Free trading calls: Bajaj Broking and IIFL Securities both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: IIFL Securities offers Upto Rs.1000 per Client for referrals; Bajaj Broking does not currently list a referral offer.
Bajaj Broking vs IIFL Securities — Comparison of Latest Offers
| Offer | Bajaj Broking | IIFL Securities |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | 1st Year Free |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | No |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | N/A | No |
| Free Delivery Trading | N/A | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | N/A | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | N/A | Upto Rs.1000 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | N/A | No |
| Zero Brokerage for Loss-Making Trades | N/A | No |
Product availability determines whether a broker can support your preferred markets. Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while IIFL Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, corporate bonds, bonds, currency futures, currency options and digital gold.
Bajaj Broking vs IIFL Securities — Complete Comparison of Products
| Product | Bajaj Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | N/A | Yes |
| Currency Future | N/A | Yes |
| Foreign Stocks | N/A | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | Yes | No |
| Government Bonds | N/A | No |
| Digital Gold | N/A | Yes |
Demat services: Bajaj Broking and IIFL Securities both list Demat services.
Trading services: Bajaj Broking and IIFL Securities both list trading services.
Intraday services: Bajaj Broking and IIFL Securities both list intraday trading services.
F&O services: Bajaj Broking and IIFL Securities both list F&O services.
IPO services: Bajaj Broking and IIFL Securities both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Bajaj Broking and IIFL Securities both list stock research.
Stock recommendations: IIFL Securities lists stock recommendations, while Bajaj Broking does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Bajaj Broking and IIFL Securities both list share pledging.
PMS or PCG: Bajaj Broking and IIFL Securities both list PMS or PCG support.
NRI services: Bajaj Broking and IIFL Securities both list NRI services.
Bajaj Broking provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while IIFL Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Bajaj Broking vs IIFL Securities — In-Depth Comparison of Services
| Service | Bajaj Broking | IIFL Securities |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | Yes | Yes |
| Stock Recommendations | N/A | Yes |
| Trading Education | N/A | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Broking and IIFL Securities.
Bajaj Broking and IIFL Securities — Detailed Comparison of Advisory Services
| Advisory | Bajaj Broking | IIFL Securities |
|---|---|---|
| Fundamental Reports | N/A | Yes |
| Research Reports | Yes | Yes |
| Company Reports | N/A | Yes |
| Annual Reports | N/A | Yes |
| IPO Reports | N/A | Yes |
| Technical Reports | N/A | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | N/A | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | N/A | Yes |
| Weekly Review | N/A | Yes |
| Relationship Manager | N/A | Yes |
| Robo Advisory | N/A | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Broking and IIFL Securities across different segments.
Bajaj Broking and IIFL Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x (MTF up to 3.5x in selected stocks) | 1x |
| Equity Intraday | Up to 5x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x (no additional margin) | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x (no additional margin) | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | N/A | 1x |
IIFL Securities lists a sub-broker program, while Bajaj Broking does not currently mention it. IIFL Securities lists a partner program, while Bajaj Broking does not currently mention it. IIFL Securities lists a referral program, while Bajaj Broking does not currently mention it.
Bajaj Broking vs IIFL Securities — Comparative Analysis of Programs
| Program | Bajaj Broking | IIFL Securities |
|---|---|---|
| Sub-Broker Program | N/A | Yes |
| Partner Program | N/A | Yes |
| Referral Program | N/A | Yes |
Bajaj Broking provides support through trading desk support, call support, email support and website support. IIFL Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches. IIFL Securities operates Available branches.
Bajaj Broking and IIFL Securities — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Broking | IIFL Securities |
|---|---|---|
| Trading Support | Yes | Available, Free |
| Dedicated Dealer | N/A | Available, Free |
| Call Support | Yes (1800-833-8888) | 022-40071000 |
| Email Support | Yes ([email protected]) | [email protected] |
| WhatsApp Support | N/A | NA |
| Website Support | Yes (https://www.bajajbroking.in/knowledge-center) | Website Link |
| Facebook Support | — | Facebook Support Link |
| Twitter / X Support | — | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Broking carries an overall rating of 3.6 / 5, while IIFL Securities carries an overall rating of 9.28 / 10.
Bajaj Broking vs IIFL Securities — Ratings Comparison
| Rating Parameter | Bajaj Broking | IIFL Securities |
|---|---|---|
| Overall Rating | 3.6 / 5 | 9.28 / 10 |
| Customer Support | 3.5 / 5 | 9.24 / 10 |
| Technology | 3.5 / 5 | 9.39 / 10 |
| Charges | 3.5 / 5 | 9.32 / 10 |
| Products & Services | 4.0 / 5 | 9.22 / 10 |
| Experience | N/A | 9.20 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Bajaj Broking & IIFL Securities — Comparison of Customer Complaints
| Complaint Metric | Bajaj Broking | IIFL Securities |
|---|---|---|
| Total Complaints Lodged | 34 (NSE, FY 2026-27, against 65,587 active clients) | 240 |
| Total Complaints Resolved | N/A | 201 |
| % of Resolved Complaints | N/A | 83.75% |
| Non-Actionable Complaints | N/A | 24 |
| % of Non-Actionable Complaints | N/A | 10.00% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Broking and IIFL Securities.
Bajaj Broking vs IIFL Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | NSE 0.00345% | BSE varies by scrip group | |
| Equity Intraday | NSE 0.00345% | BSE varies by scrip group | |
| Equity Future | NSE 0.002% | BSE Nil or 0.05% of traded value | |
| Equity Option | NSE 0.053% on premium | BSE Nil or 0.05% of traded value | |
| Commodity Future | N/A | |
| Commodity Option | N/A | |
| Currency Future | N/A | |
| Currency Option | N/A |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Bajaj Broking & IIFL Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Bajaj Broking | IIFL Securities |
|---|---|---|
| Pledge Creation Charges | ₹40 + GST | |
| Pledge Invocation Charges | ₹50 + GST per ISIN | |
| Margin Trading Interest | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Broking and IIFL Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Broking | IIFL Securities |
|---|---|---|
| SEBI Turnover Charges | ₹10 per crore (0.0001%) | |
| DP Charges | ₹30 per ISIN per debit transaction | |
| GST | 18% on brokerage, transaction charges and SEBI fees | |
| Account Closure Charges | N/A | |
| Reactivation Charges | N/A | |
| Dematerialisation Charges | ₹100 per request + ₹100 per certificate + GST | |
| Call & Trade Charges | ₹20 + GST per executed order |
Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0. IIFL Securities lists account opening charges of Free and Demat AMC of Rs.250 per Year (1st Year Free).
Bajaj Broking vs IIFL Securities — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Broking | IIFL Securities |
|---|---|---|
| Account Opening Charges | ₹0 | Free |
| Annual Maintenance Charges (AMC) | ₹0 | Rs.250 per Year (1st Year Free) |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Bajaj Broking vs IIFL Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | 0.1% on both buy and sell | |
| Equity Intraday | 0.025% on sell side | |
| Equity Future | 0.05% on sell side | |
| Equity Option | 0.15% of premium on sell side | |
| Commodity Future | 0.01% on sell side (non-agri) | |
| Commodity Option | 0.01% on sell side (non-agri) | |
| Currency Future | No STT | |
| Currency Option | No STT |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Bajaj Broking and IIFL Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Broking | IIFL Securities |
|---|---|---|
| Equity Delivery | 0.015% (buy side) | |
| Equity Intraday | 0.003% (buy side) | |
| Equity Future | 0.002% (buy side) | |
| Equity Option | 0.003% (buy side) | |
| Commodity Future | 0.002% (buy side) | |
| Commodity Option | 0.003% (buy side) | |
| Currency Future | 0.0001% (buy side) | |
| Currency Option | 0.0001% (buy side) |