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IIFL vs JM Financial – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of IIFL vs JM Financial. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between IIFL & JM Financial will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

IIFL vs JM Financial

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This IIFL & JM Financial comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare JM Financial & IIFL

Overview of IIFL & JM Financial

Overview IIFL JM Financial
Company Type Public Public
Broker Type Full Service Broker Full Service Broker
Headquarters Thane Mumbai, Maharashtra
Founder Nirmal Jain, R. Venkataraman Nimesh Kampani
Established Year 1995 1973

IIFL vs JM Financial Customer Ratings Comparison

Customer Ratings IIFL JM Financial
Experience 8.8 / 10 6.2/10
Products & Services 9.0 / 10 6.4/10
Brokerage Charges & Fees 8.8 / 10 6.2/10
Stock Research & Advisory 8.2 / 10 6.6/10
Trading Platforms 8.9 / 10 5.8/10
Overall Ratings 8.74 / 10 6.4/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 7218 329

IIFL vs JM Financial Demat Account Comparison

Demat Services IIFL JM Financial
Depository Source NSDL & CDSL CDSL
Account Opening Charges Rs 295 Rs. 1180
Demat AMC Charges Rs 0 (Free for 1st year) Rs. 650
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R R

JM Financial vs IIFL Brokerage Charges Comparison

Brokerage Charge & Fees IIFL JM Financial
Equity Delivery Trading Rs 0 (Free) 0.15%
Equity Intraday Trading Rs 20 per order 0.02%
Commodity Options Trading Rs 20 per order Rs 25 per lot
Equity Futures Trading Rs 20 per order 0.02%
Equity Options Trading Rs 20 per order Rs 25 per lot
Currency Futures Trading Rs 20 per order 0.02%
Currency Options Trading Rs 20 per order Rs 25 per lot
Minimum Brokerage Rs.0.05 per Share Percentage of Transaction
Demat AMC Charges Rs 0 (Free for 1st year) Rs.650
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator IIFL Brokerage Calculator JM Financial Brokerage Calculator

JM Financial & IIFL Other Charges Comparison

Other Charges IIFL JM Financial
Transaction Charges 0.00325% of Total Turnover 0.00325% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare JM Financial & IIFL Offers

Offers IIFL JM Financial
Free Demat Account S R
Free Trading Account R R
Discount on Brokerage S R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of IIFL vs JM Financial

Services IIFL JM Financial
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare JM Financial & IIFL Research & Advisory

Research & Advisory IIFL JM Financial
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R R
Company Stock Review R R
Free Stock Tips R R
IPO Reports R R
Top Picks R R
Daily Market Review R R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

IIFL vs JM Financial Exposure/Leverage

Exposure / Leverage IIFL JM Financial
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator IIFL Margin Calculator JM Financial Margin Calculator

IIFL vs JM Financial Product Comparison

Products IIFL JM Financial
Equity Trading R R
Commodity Trading R R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R R
Banking S S
SIP R R
Insurance S R

IIFL vs JM Financial Trading Platform Comparison

Trading Platforms IIFL JM Financial
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R S
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R S
Email Alerts R S
Multi Account Management R S

IIFL vs JM Financial Customer Support

Customer Support IIFL JM Financial
Dedicated Dealer R R
Offline Trading S R
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support R S
Toll Free Number 1800 3000 1155 S
Branches 120 50

IIFL vs JM Financial Customer Complaints

Complaints (Current Year) IIFL JM Financial
Lodged in BSE 145 5
Resolved in BSE 122 5
Lodged in NSE 214 7
Resolved in NSE 212 7

Compare IIFL with other Brokers &  JM Financial with other Brokers


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