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Canara Bank vs IIFL Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs IIFL Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and IIFL Securities.

Background

Year of Incorporation 1996 1996
Website https://www.canmoney.in/ https://www.indiainfoline.com/
Phone 1800-22-0369 022-40071000
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) CDSL and NSDL NSDL/CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0.05% Intraday & 0.5% Delivery - Negotiable
Equity Futures 0.04% 0.05% of Turnover - Negotiable
Equity Options Rs.50 per Lot Rs 100/lot - Negotiable
Currency Futures 0.04% Rs 25/lot - Negotiable
Currency Options Rs.50 per Lot Rs 10/lot - Negotiable
Commodity Rs.50 per Lot 0.03% - Negotiable
Account Opening Costs

Trading only Free NA
Trading & Demat Free Rs 750
Commodity Free NIL
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.00325% 0.0038% of Turnover
Options 0.00325% 0.058% of Turnove
Commodities 0.00325% 0.0041% of Turnover
AMC charge Rs.500 per Annum Onetime Rs 555 or Rs 25/month
DP Transaction Charge Rs 9 + GST 0.05% ( Minimum Rs 15 & Max Rs 100)
Offline order placing Charge Rs 20 per executed order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 20 Days
End of Day 5 Years 10 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 20x Intraday, & 3x for Delivery
Equity Futures Upto 3X Upto 3x for Intraday
Equity Options Upto 5X Buying no leverage, Shorting upto 3x
Currency Futures Upto 2X Upto 2x for Intraday
Currency Options Upto 2X Buying no leverage, Shorting upto 2x
Commodity Upto 2X Upto 3x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Rs 2.78 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 9.69 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 14.69 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 20.18 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 25.84 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 31.10 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 31.10 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 20.40 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 27.72 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 32.50 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs (214.66) Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs (258.79) Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 66.8 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 78.93 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 86.11 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 97.03 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 112.99 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 82.92 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 126.84 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 135.59 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 89.28 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 80.36 Crores
Debt FY21/22 Rs 10 Lakhs Rs 135.19 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 122.87 Crores
Profit to Equity(%) FY11/12 74.10 17.48%
Profit to Equity(%) FY12/13 64.83 16.92%
Profit to Equity(%) FY13/14 54.48 21.8%
Profit to Equity(%) FY14/15 11.06 17.22%
Profit to Equity(%) FY15/16 (10.69) 17.54%
Profit to Equity(%) FY16/17 4.15 26.31%
Profit to Equity(%) FY17/18 (16.74) 24.73%
Profit to Equity(%) FY18/19 1.40 13.33%
Profit to Equity(%) FY19/20 (8.05) 19.84%
Profit to Equity(%) FY20/21 6.71 21.30%
Profit to Equity(%) FY21/22 12.82 18.94%
Profit to Equity(%) FY22/23 19.49 23.60%
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 782 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 817 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 827 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 837.82 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 835.05 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 909.25 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 947.73 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 957.83 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 960.20 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 1,161.14 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 1,315.5 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 1,345 Crores

Comparison Link:

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Canara Bank Vs RK Global IIFL Securities Vs RK Global
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Canara Bank Vs Nirmal Bang IIFL Securities Vs Nirmal Bang
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Canara Bank Vs Kotak Securities IIFL Securities Vs Kotak Securities
Canara Bank Vs Interactive Brokers IIFL Securities Vs Interactive Brokers
Canara Bank Vs Dhani IIFL Securities Vs Dhani
Canara Bank Vs IDBI Capital IIFL Securities Vs IDBI Capital
Canara Bank Vs HDFC Securities IIFL Securities Vs HDFC Securities
Canara Bank Vs Geojit IIFL Securities Vs Geojit
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Canara Bank Vs Edelweiss Capital IIFL Securities Vs Edelweiss Capital
Canara Bank Vs Easytradez IIFL Securities Vs Easytradez
Canara Bank Vs Rupeezy IIFL Securities Vs Rupeezy
Canara Bank Vs Anand Rathi IIFL Securities Vs Anand Rathi
Canara Bank Vs Aditya Birla Money IIFL Securities Vs Aditya Birla Money
Canara Bank Vs Achiievers IIFL Securities Vs Achiievers
Canara Bank Vs A C Choksi IIFL Securities Vs A C Choksi
Canara Bank Vs Angel Broking IIFL Securities Vs Angel Broking
Canara Bank Vs Motilal Oswal IIFL Securities Vs Motilal Oswal
Canara Bank Vs ICICI Direct IIFL Securities Vs ICICI Direct
Canara Bank Vs Sharekhan IIFL Securities Vs Sharekhan
Canara Bank Vs Groww IIFL Securities Vs Groww
Canara Bank Vs Tradesmart Online IIFL Securities Vs Tradesmart Online
Canara Bank Vs Upstox IIFL Securities Vs Upstox
Canara Bank Vs Zerodha IIFL Securities Vs Zerodha

Frequently Asked Questions

Is Canara Bank better than IIFL Securities ?

Canara Bank and IIFL Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is IIFL Securities better than Canara Bank ?

Canara Bank and IIFL Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than IIFL Securities ?

Canara Bank and IIFL Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is IIFL Securities cheaper than Canara Bank ?

Canara Bank and IIFL Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. IIFL Securities ?

To find out the better of the two stockbrokers Canara Bank and IIFL Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.