IIFL Securities and Bajaj Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. IIFL Securities is listed as a Private Discount Broker , established in 1995 and headquartered in Mumbai, while Bajaj Securities is listed as a Public Discount Broker , established in 2010 and headquartered in Pune.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether IIFL Securities or Bajaj Securities is a better fit for your investment style, platform preference, and budget.
IIFL Securities is listed as a Private Discount Broker established in 1995 with headquarters in Mumbai and founded by Nirmal Jain. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a iValue Brokerage brokerage structure.
Bajaj Securities is listed as a Public Discount Broker established in 2010 with headquarters in Pune and founded by Sanjiv Bajaj. It offers equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. Its brokerage model is structured as Freedom Plan.
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.
IIFL Securities vs Bajaj Securities — A Comprehensive Company Overview
| Company Overview | IIFL Securities | Bajaj Securities |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Pune |
| Founder | Nirmal Jain | Sanjiv Bajaj |
| Establishment Year | 1995 | 2010 |
| Brokerage Plan | iValue Brokerage | Freedom Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for IIFL Securities and Bajaj Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. IIFL Securities charges 0.25% of Transaction Value while Bajaj Securities charges Rs.20 per Trade.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. IIFL Securities charges 0.025% of Transaction Value while Bajaj Securities charges Rs.20 per Trade.
Equity futures: This charge applies to futures contracts on stocks and indices. IIFL Securities charges 0.25% of Transaction Value while Bajaj Securities charges Rs.20 per Trade.
Equity options: This charge applies to equity option contracts. IIFL Securities charges Rs.25 per Lot while Bajaj Securities charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. IIFL Securities charges 0.25% of Transaction Value . Bajaj Securities does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. IIFL Securities charges Rs.25 per Lot . Bajaj Securities does not currently list a charge for this segment.
Currency futures: This charge allows participation in forex price movements on the exchange. IIFL Securities charges 0.25% of Transaction Value . Bajaj Securities does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. IIFL Securities charges Rs.25 per Lot . Bajaj Securities does not currently list a charge for this segment.
IIFL Securities vs Bajaj Securities — Detailed Brokerage Comparison
| Brokerage | IIFL Securities | Bajaj Securities |
|---|---|---|
| Brokerage Plan | iValue Brokerage | Freedom Plan |
| Subscription Charges | Zero | Rs.431 per Year (1st Year Free) |
| Equity Delivery | 0.25% of Transaction Value | Rs.20 per Trade |
| Equity Intraday | 0.025% of Transaction Value | Rs.20 per Trade |
| Equity Future | 0.25% of Transaction Value | Rs.20 per Trade |
| Equity Option | Rs.25 per Lot | Rs.20 per Trade |
| Commodity Future | 0.25% of Transaction Value | NA |
| Commodity Option | Rs.25 per Lot | NA |
| Currency Future | 0.25% of Transaction Value | NA |
| Currency Option | Rs.25 per Lot | NA |
IIFL Securities provides mobile app access for order placement, portfolio tracking, and market monitoring. Bajaj Securities provides mobile app access and web trading for its users.
Android app: IIFL Securities and Bajaj Securities both list an Android trading app.
iOS app: IIFL Securities and Bajaj Securities both list an iOS trading app.
Web trading platform: Bajaj Securities lists a web trading platform, while IIFL Securities does not currently mention it.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: IIFL Securities and Bajaj Securities both list a mutual fund investment platform.
Digital gold platform: IIFL Securities lists digital gold investing, while Bajaj Securities does not currently mention it.
Bonds platform: Neither broker currently highlights a bonds investment platform.
IIFL Securities vs Bajaj Securities — Complete Comparison of Trading Platforms
| Trading Platform | IIFL Securities | Bajaj Securities |
|---|---|---|
| Android App | IIFL Securities Android App Link | Bajaj Securities Android App Link |
| iOS App | IIFL Securities iOS App Link | Bajaj Securities iOS App Link |
| Web Trading Platform | — | Bajaj Securities Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | Available | NA |
| Bonds Platform | NA | NA |
IIFL Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Bajaj Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. 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 IIFL Securities and Bajaj Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both IIFL Securities and Bajaj Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both IIFL Securities and Bajaj Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both IIFL Securities and Bajaj Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. IIFL Securities offers this; Bajaj Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both IIFL Securities and Bajaj Securities offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both IIFL Securities and Bajaj Securities offer this feature.
Live market: Live updates on market movements and trends. Both IIFL Securities and Bajaj Securities offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. IIFL Securities offers this; Bajaj Securities does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both IIFL Securities and Bajaj Securities offer this feature.
IIFL Securities vs Bajaj Securities — Comprehensive Comparison of Trading Features
| Trading Feature | IIFL Securities | Bajaj Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | No |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | Yes | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by IIFL Securities and Bajaj Securities.
Free account opening: IIFL Securities and Bajaj Securities both list free account opening.
Free AMC: IIFL Securities and Bajaj Securities both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Securities lists flat brokerage pricing, while IIFL Securities does not currently mention it.
Flexible brokerage plans: IIFL Securities and Bajaj 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 Securities does not currently mention it.
Free trading calls: IIFL Securities lists free trading calls, while Bajaj Securities does not currently mention it.
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 while Bajaj Securities offers Rs.200 per Client for referrals.
IIFL Securities vs Bajaj Securities — Comparison of Latest Offers
| Offer | IIFL Securities | Bajaj Securities |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | 1st Year Free | Yes |
| Free Brokerage | No | No |
| Flat Brokerage | No | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Upto Rs.1000 per Client | Rs.200 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. IIFL Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Bajaj Securities highlights equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, mutual funds, digital gold, foreign stocks, insurance, corporate bonds and government bonds.
IIFL Securities vs Bajaj Securities — Complete Comparison of Products
| Product | IIFL Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | No |
| Commodity Future | Yes | No |
| Currency Option | Yes | No |
| Currency Future | Yes | No |
| Foreign Stocks | No | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | Yes |
| Corporate Bonds | No | Yes |
| Government Bonds | No | Yes |
| Digital Gold | Yes | No |
Demat services: IIFL Securities and Bajaj Securities both list Demat services.
Trading services: IIFL Securities and Bajaj Securities both list trading services.
Intraday services: IIFL Securities and Bajaj Securities both list intraday trading services.
F&O services: IIFL Securities and Bajaj Securities both list F&O services.
IPO services: IIFL Securities and Bajaj Securities both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: IIFL Securities lists stock research, while Bajaj Securities does not currently mention it.
Stock recommendations: IIFL Securities lists stock recommendations, while Bajaj Securities does not currently mention it.
Trading education: Bajaj Securities lists trading education, while IIFL Securities does not currently mention it.
Share pledging: IIFL Securities and Bajaj Securities both list share pledging.
PMS or PCG: IIFL Securities lists PMS or PCG support, while Bajaj Securities does not currently mention it.
NRI services: IIFL Securities lists NRI services, while Bajaj Securities does not currently mention it.
IIFL Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Bajaj Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
IIFL Securities vs Bajaj Securities — In-Depth Comparison of Services
| Service | IIFL Securities | Bajaj 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 | No |
| Stock Recommendations | Yes | No |
| Trading Education | No | Yes, Samadhan |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | Yes | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from IIFL Securities and Bajaj Securities.
IIFL Securities and Bajaj Securities — Detailed Comparison of Advisory Services
| Advisory | IIFL Securities | Bajaj Securities |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | Yes, chargeable |
| Company Reports | Yes | No |
| Annual Reports | Yes | No |
| IPO Reports | Yes | Yes |
| Technical Reports | Yes | No |
| Stock Tips | Yes | Yes, chargeable |
| Daily Top Stock Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Review | Yes | No |
| Weekly Review | Yes | No |
| Relationship Manager | Yes | Yes, chargeable |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from IIFL Securities and Bajaj Securities across different segments.
IIFL Securities and Bajaj Securities — Comprehensive Comparison of Trading Exposure
| Exposure | IIFL Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
IIFL Securities and Bajaj Securities both list a sub-broker program. IIFL Securities and Bajaj Securities both list a partner program. IIFL Securities and Bajaj Securities both list a referral program.
IIFL Securities vs Bajaj Securities — Comparative Analysis of Programs
| Program | IIFL Securities | Bajaj Securities |
|---|---|---|
| Sub-Broker Program | Yes | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
IIFL Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. IIFL Securities operates Available branches. Bajaj Securities operates Available branches.
IIFL Securities and Bajaj Securities — Comprehensive Comparison of Customer Support
| Support Channel | IIFL Securities | Bajaj Securities |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | Available, Chargeable |
| Call Support | 022-40071000 | 1800-833-8888 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. IIFL Securities carries an overall rating of 9.28 / 10, while Bajaj Securities carries an overall rating of 7.75 / 10.
IIFL Securities vs Bajaj Securities — Ratings Comparison
| Rating Parameter | IIFL Securities | Bajaj Securities |
|---|---|---|
| Overall Rating | 9.28 / 10 | 7.75 / 10 |
| Customer Support | 9.24 / 10 | 7.72 / 10 |
| Technology | 9.39 / 10 | 7.84 / 10 |
| Charges | 9.32 / 10 | 7.78 / 10 |
| Products & Services | 9.22 / 10 | 7.71 / 10 |
| Experience | 9.20 / 10 | 7.69 / 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.
IIFL Securities & Bajaj Securities — Comparison of Customer Complaints
| Complaint Metric | IIFL Securities | Bajaj Securities |
|---|---|---|
| Total Complaints Lodged | 240 | 21 |
| Total Complaints Resolved | 201 | 14 |
| % of Resolved Complaints | 83.75% | 66.67% |
| Non-Actionable Complaints | 24 | 4 |
| % of Non-Actionable Complaints | 10.00% | 19.05% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for IIFL Securities and Bajaj Securities.
IIFL Securities vs Bajaj Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | IIFL Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
IIFL Securities and Bajaj Securities — Detailed Comparison of Hidden / Other Charges
| Charge | IIFL Securities | Bajaj Securities |
|---|---|---|
| SEBI Turnover Charges | ||
| DP Charges | ||
| GST | ||
| Account Closure Charges | ||
| Reactivation Charges | ||
| Dematerialisation Charges | ||
| Call & Trade Charges |
IIFL Securities lists account opening charges of Free and Demat AMC of Rs.250 per Year (1st Year Free). Bajaj Securities lists account opening charges of Free and Demat AMC of Free.
IIFL Securities vs Bajaj Securities — Detailed Comparison of Demat Charges
| Demat Charges | IIFL Securities | Bajaj Securities |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Rs.250 per Year (1st Year Free) | 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.
IIFL Securities vs Bajaj Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | IIFL Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |
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.
IIFL Securities and Bajaj Securities — Comparison of Stamp Duty Charges
| Stamp Duty | IIFL Securities | Bajaj Securities |
|---|---|---|
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Future | ||
| Equity Option | ||
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | ||
| Currency Option |