fbpx

IFCI Financial Review, Brokerage Charges, Demat Account & more

IFCI Financial Services is registered with all the major depository services in India. It is also had IRDA, AMFI and SEBI registry. It is part of a parent company, IFCI Limited, a All India Financial Institution.

Currently they have more than 15 branches anal over India. The Broking house offers both Indian and NRI customer’s services.

IFCI Financial Services confirmed 7000 active customers. The individual customers also include entities with high net worth and non – resident Indians. The Stock Broker customers also include individuals, retail customers and businesses.

Ifci Financial offers


IFCI Financial Customer Ratings & Review

Experience2.9/5
Products & Services3.4/5
Brokerage Charges & Fees3.1/5
Stock Research & Advisory3.3/5
Trading Platforms2.9/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews155

 


About IFCI Financial

Company TypePublic
Broker TypeFull Service Broker
HeadquartersNew Delhi, Delhi
FounderEmandi Sankara Rao
Established Year1948

IFCI Financial

IFCI Financial Services Limited (IFIN) was promoted in 1948, by IFCI Limited as a full-service stockbroker. Emandi Sankara Rao is the founder of IFCI Financial Services.

They provide a wide range of financial products & services which involves stock broking, investment banking, mutual fund distribution & advisory, depository participant services and distribution of insurance products.

IFCI Financial Services are primarily involved in stock broking, investment banking, mutual fund distribution & advisory, depository participant services and distribution of insurance products.


Open Demat Account with IFCI Financial

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

IFCI Financial Brokerage Charges

Equity Delivery Trading0.15%
Equity Intraday Trading0.02%
Commodity Options Trading0.02%
Equity Futures Trading0.02%
Equity Options TradingRs.15 per Lot
Currency Futures Trading0.02%
Currency Options TradingRs.10 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,000
Brokerage CalculatorIFCI Financial Brokerage Calculator

IFCI Financial Services is a full – service stockbroker charges its customers with the following brokerage charges. The brokerage is a percentage of your stock market business ‘ total turnover.

  • The charge of brokerage for intraday trading is 0.02% and 0.15% for delivery trading.
  • Brokerage for stock futures account for 0.02% of sales and for equity options is Rs 15 per lot.
  • Similarly, the brokerage for currency futures is 0.02% of the turnover and Rs 10 per lot for currency options.
  • Marginal amount of Rs 1000 is required to maintain in demat account.

Find Brokerage Charges of other Brokers

asit c mehta investmentpaytm moneyindiabulls venturessushil finance
astha tradeprabhudas lilladherjainam share consultantsswastika investmart
axis directprofitmartjhaveri securitiestradebulls

IFCI Financial Other Charges

Transaction Charges0.00317%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

IFCI Financial levy few additional charges for trading for every trading market.

Transaction charges for every trading placed are 0.00317%. On total turnover they charge STT of 0.0126% and SEBI charges 0.0002%. GST of 18% over brokerage and transaction are charged.

The stamping duty is a certain amount of money imposed on the value of the transfer shares and thus the stamping rate varies between states.


 

IFCI Financial Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesRs.229
Demat AMC ChargesFree
Trading AMC ChargesFree
Margin MoneyMinimum Rs.1,000
Offline to OnlineYes
  • IFCI securities charge for account opening feefor trading is Rs 299.
  • The annual maintenance charges of demat and trading account are free of cost.
  • For trading minimum Rs 1000 is mandatory to maintain.

IFCI Financial Offers

Free Demat AccountYes
Free Trading AccountYes
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersYes
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

IFCI securities offers are listed below

  • The stock broker provides Demat Account and Trading Account free of cost.
  • Attracting reward like Holiday Offer and compensation amount for referral is provided.
  • Discount on brokerage or free 1 month brokerage or free brokerage for loss are not allocated.

To know about offers of other stock brokers check below

c m goenka stock brokersphillip capitalindira securitiesvachana investments
canmoneyprabhat financeinditrade capitalvck stock
capstocks securitiespravin ratilalindus portfolioveracity finance

How to Open a Demat Account with IFCI Financial?

Find below the demat account opening process:

  • To start trading in financial markets, you need to be registered with the IFCI securities.
  • Firstly, you have to fill up the form provided below
  • You are expected to provide the documentation to establish your identity and address by submitting the duly filled in account opening form.
  • At the end of this step, either a telephone call or representative visit will be used for a checking process.

Why Open IFCI Financial Trading Account?

Here are some of the positives of using the trading account of IFCI Broking House:

  • A highly skilled and highly qualified research and consulting team with a good return rate.
  • There is an equal pricing structure to industry and competitors.
  • There have been advanced and comprehensive trading platforms.
  • The parent company is a secure financial market player.

Get a Call back from IFCI Financial

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

IFCI Financial Products & Services

Here are the list of Products & Services provided by IFCI Financial:

Products Offered by IFCI Financial:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo
  • The broking house mainly offers equity, derivative, commodities and currency trading stock broking services.
  • In adding up to the trading, broking and financial management services, IFCI Financial Services undertakes the distribution of financial products constituting mutual funds and fixed deposits.
  • The products also comprise financial tools like risk analyzer, asset allocator, and other tools for investment plans, child plans, retirement plans, loans, tax, savings and mutual funds.

IFCI Financial Service Offerings

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 6X
  • Essential services like demat and trading are available. They provide exposure of maximum 6 time.
  • IFCI Financial Services offers financial planning, portfolio management, institutional research, investment banking and IPO services to its customers.
  • Company provides stock tips, reports and news updates for trading.

 

IFCI Financial Research, Advisory and Stock Tips

Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

IFCI has a competent, professional research and consulting team at its disposal. Research is carried out in the areas of equity, commodities, the IPO and mutual funds and the company reports:

  • Gainers & Losers reports
  • Bulk & Block deals reports
  • Index Movers reports
  • Value & Volume Toppers reports
  • Out/under Performers reports
  • Pre-session, mid-session and end-session commentaries
  • Morning Mirror
  • Weekly Mirror
  • Morning Updates
  • Trading Calls

IFCI Financial Exposure or Leverage

Equity DeliveryUpto 2X
Equity IntradayUpto 6X
Equity FuturesUpto 3X
Equity OptionsUpto 4X
Currency FuturesUpto 3X
Currency OptionsUpto 2X
CommoditiesUpto 3X
Margin CalculatorIFCI Financial Margin Calculator

With regard to exposure, IFCI Financial Services offers its customers throughout the segments:

The broking firm can leverage its customers up to 6 times. They give Intraday trading large exposures. In contrast with other brokers, they offer very low exposure to trade.


Find Exposure or Margin of other Stock Brokers

cd equisearchprogressive shareintegrated enterprisesvertex securities
celebrus capitalprostocksintime equitiesvns finance
cholamandalam financeprudent brokinginventure growthvrise securities

IFCI Financial Trading Platforms

Here are the thorough details on various trading platforms offered by IFCI Financial to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

Desktop Platform – WindowsYes
Desktop Platform – MacNo
Desktop Browser PlatformNo
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsYes
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

IFIN FIRST or IFCI Financial Web Trading Platform

It is the browser based trading platform of IFCI Financial Services. It is mostly used by the traders who are quite new to investing and trading.

The Browser based trading platform is a comprehensive trading platform which allows the traders to trade from any internet enabled system, to get access to live market data, news and information.

IFCI Financial First requires the installation of no software and can be fully adapted to the needs of customers.

IFIN IMPERIA – IFCI Financial Trading Terminal

IFIN Imperia is the online trading platform based on software. It is better suited for traders who are more active in trading and trade.

It is similar to the trade terminal of a dealer, facilitating the provision on an individual screen of all facilities.

IFIN Imperia provides back office access, research reports and consultation calls. The Trading Terminal Security lock also provides increased security.


IFCI Financial Customer Care

Dedicated DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support Number
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches920

Customer service is provided by IFCI Financial Services:

By understanding your individual needs and meeting them accordingly, the stockbroker provides its customers with reasonable customer service.

In addition to dedicated NRI experts and Helpdesk, IFCI offers a dedicated service to its customers.

  • Email
  • Phone
  • Toll-free number
  • Fax
  • Physical branches- 920 branches

IFCI Financial Complaints and Feedback

Find the list of complaint against IFCI Financial:

Lodged in BSE0
Resolved in BSE0
Lodged in NSE6
Resolved in NSE6

According to 2018 not a single complain was Lodged in BSE.

In NSE 6 complaints were lodged and all were resolved also.


IFCI Financial Disadvantages:

At same time, IFCI Financial Services is concerned with some of the concerns that you must be aware of:

  • Customers face issue in uploading for trading platform
  • There are limited physical branches.
  • Exposure for trading is low compare to other competitors.

IFCI Financial Conclusion

IFCI Financial Services is good to try because they have a recognized reputation and image, proven management and work practices.

They are well-known for their wide research variety and multiple trading products.


Open Demat Account with IFCI Financial

Fill Your Details Here
  1. Open Demat AccountBecome Sub Broker

Featured Topics:

Top 10 Discount Brokers in India

Top 10 Full Service Brokers in India

Best Intraday Trading Brokers in India

Top 10 Sub Broker Partner in India

Best Stock Broker in India

Best Demat Account in India

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub BrokerOpen Demat Account

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat AccountBecome Sub Broker

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPOOpen Demat Account

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMSOpen Demat Account

Offer valid for limited time.