FxPro's websiteIIFL Securities in India — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%80
- Safety20%90
- Payouts15%no data
- Track record10%100
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- IIFL Securities Ltd
- Founded
- 1996
- Currencies
- INR.
- Swap-free account
- no
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- IIFL Securities Ltd
- Local standing
- SEBI-regulated domestic full-service broker.
- Licence as the register states it
- SEBI Stock Broker INZ000164132; PMS INP000002213; RA INH000000248; DP IN-DP-185-2016; NSE/BSE/MCX member.
- Leverage for this entity
- Intraday per SEBI peak-margin rules; MTF on delivery (buy/sell via MTF). Exact multiples not verified at review.
- The firm behind it
- Part of IIFL/India Infoline group; long-established full-service broker with 2.3 lakh+ active clients.
- What we hold against it
- SEBI June 2023 order banned new-client onboarding 2 yrs for mixing client/proprietary funds; Dec 2023 SAT set aside ban, cut penalty to ₹20 lakh.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday per SEBI peak-margin rules; MTF on delivery (buy/sell via MTF). Exact multiples not verified at review.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic full-service broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, percentage-based, flat/subscription plans. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where IIFL Securities sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- IIFL Markets mobile app
- TT Web trading platform
| Class | Leverage |
|---|---|
| IIFL Markets mobile app | —IN |
| TT Web trading platform | —IN |
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Locally authorised, licence INZ000164132, read on 09.07.2026
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Track record 100 of 100, its strongest of 5 scored axes
- Round-turn cost not priced: the pair of spread and commission is not published
- A regulator warning is on file against this broker
- Platforms 0 of 100, its weakest of 5 scored axes
- Not scored on round-turn cost: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 10IN
- Min deposit, USD
- 100 groupIN
- Rank in this country
- #21
- Round turn, USD
- 7IN
- Leverage
- 1000 group
- Rank in this country
- #40
- Round turn, USD
- 9IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #44
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | IIFL Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 80 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does IIFL Securities accept residents of India?
- Yes. SEBI-regulated domestic full-service broker. Onboarding entity: IIFL Securities Ltd
- Is IIFL Securities licensed to serve clients in India?
- SEBI Stock Broker INZ000164132; PMS INP000002213; RA INH000000248; DP IN-DP-185-2016; NSE/BSE/MCX member. Checked on 09.07.2026.
- Which trading platforms does IIFL Securities support?
- IIFL Markets mobile app, TT Web trading platform. Instruments: Equity delivery/intraday, F&O, commodity, currency, IPO, US stocks, ETF, AIF, PMS, mutual funds.
- How can I withdraw money from IIFL Securities in India?
- UPI, net-banking.
- What account types does IIFL Securities offer?
- Demat+Trading; percentage-based and flat/subscription plans.
- Does IIFL Securities offer a swap-free (Islamic) account?
- No. IIFL Securities publishes no swap-free (Islamic) account for India.