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Nirmal Bang vs IIFL Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Nirmal Bang 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 Nirmal Bang and IIFL Securities.

Background

Year of Incorporation 1996 1996
Website https://www.nirmalbang.com/ https://www.indiainfoline.com/
Phone 022-3826 8600 022-40071000
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL NSDL/CDSL
Brokerage

Equity 0.02% for Intraday, 0.2% for Delivery 0.05% Intraday & 0.5% Delivery - Negotiable
Equity Futures 0.02% of Turnover 0.05% of Turnover - Negotiable
Equity Options Rs 35/lot Rs 100/lot - Negotiable
Currency Futures 0.02% of Turnover Rs 25/lot - Negotiable
Currency Options Rs 20/lot Rs 10/lot - Negotiable
Commodity 0.01% of Turnover 0.03% - Negotiable
Account Opening Costs

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

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

Equity 0.0039% of Turnover 0.00325% of Turnover
Futures 0.0024% of Turnover 0.0038% of Turnover
Options 0.057% of Premium Turnover 0.058% of Turnove
Commodities 0.0025% of Turnover 0.0041% of Turnover
AMC charge Rs 250/month Onetime Rs 555 or Rs 25/month
DP Transaction Charge 0.03% with Rs 25 minimum per debit instruction 0.05% ( Minimum Rs 15 & Max Rs 100)
Offline order placing Charge NIL NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 10 times for Intraday, upto 4 times for Delivery @interest Upto 20x Intraday, & 3x for Delivery
Equity Futures Upto 4 times Intraday Upto 3x for Intraday
Equity Options Buying no Leverage, Shorting upto 2 times for Intraday Buying no leverage, Shorting upto 3x
Currency Futures Upto 3 times Intraday Upto 2x for Intraday
Currency Options Buying no Leverage, Shorting upto 2 times for Intraday Buying no leverage, Shorting upto 2x
Commodity Upto 3times Intraday 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 7.4 Crores Rs 2.78 Crores
Profit after Tax FY12/13 Rs 12.4 Crores Rs 9.69 Crores
Profit after Tax FY13/14 Rs 4.2 Crores Rs 14.69 Crores
Profit after Tax FY 14/15 Rs 2.37 Crores Rs 20.18 Crores
Profit after Tax FY 15/16 Rs 4.99 Crores Rs 25.84 Crores
Profit after Tax FY 16/17 Rs 5.73 Crores Rs 31.10 Crores
Profit after Tax FY 17/18 Rs 6.00 Crores Rs 31.10 Crores
Profit after Tax FY 18/19 Rs 7.69 Crores Rs 20.40 Crores
Profit after Tax FY 19/20 Rs 7.70 Crores Rs 27.72 Crores
Profit after Tax FY 20/21 Rs 9.18 Crores Rs 32.50 Crores
Profit after Tax FY 21/22 Rs 10.87 Crores Rs (214.66) Crores
Profit after Tax FY 22/23 Rs 10.53 Crores Rs (258.79) Crores
Debt FY11/12 Rs 26.11 Crores Rs 66.8 Crores
Debt FY12/13 Rs 24.88 Crores Rs 78.93 Crores
Debt FY13/14 Rs 29.63 Crores Rs 86.11 Crores
Debt FY14/15 Rs 28.17 Crores Rs 97.03 Crores
Debt FY15/16 Rs 23.31 Crores Rs 112.99 Crores
Debt FY16/17 Rs 23.31 Crores Rs 82.92 Crores
Debt FY17/18 Rs 24.77 Crores Rs 126.84 Crores
Debt FY18/19 Rs 31.61 Crores Rs 135.59 Crores
Debt FY19/20 Rs 31.61 Crores Rs 89.28 Crores
Debt FY20/21 Rs 32.85 Crores Rs 80.36 Crores
Debt FY21/22 Rs 35.53 Crores Rs 135.19 Crores
Debt FY22/23 Rs 35.53 Crores Rs 122.87 Crores
Profit to Equity(%) FY11/12 8.54 17.48%
Profit to Equity(%) FY12/13 7.63 16.92%
Profit to Equity(%) FY13/14 11.44 21.8%
Profit to Equity(%) FY14/15 11.54 17.22%
Profit to Equity(%) FY15/16 11.15 17.54%
Profit to Equity(%) FY16/17 10.77 26.31%
Profit to Equity(%) FY17/18 13.53 24.73%
Profit to Equity(%) FY18/19 13.53 13.33%
Profit to Equity(%) FY19/20 14.08 19.84%
Profit to Equity(%) FY20/21 16.72 21.30%
Profit to Equity(%) FY21/22 19.10 18.94%
Profit to Equity(%) FY22/23 19.10 23.60%
Balance Sheet Size FY11/12 Rs 86.6 Crores Rs 782 Crores
Balance Sheet Size FY12/13 Rs 93.5 Crores Rs 817 Crores
Balance Sheet Size FY13/14 Rs 85.8 Crores Rs 827 Crores
Balance Sheet Size FY14/15 Rs 67.96 Crores Rs 837.82 Crores
Balance Sheet Size FY15/16 Rs 67.99 Crores Rs 835.05 Crores
Balance Sheet Size FY16/17 Rs 57.95 Crores Rs 909.25 Crores
Balance Sheet Size FY17/18 Rs 70.74 Crores Rs 947.73 Crores
Balance Sheet Size FY18/19 Rs 74.82 Crores Rs 957.83 Crores
Balance Sheet Size FY19/20 Rs 72.42 Crores Rs 960.20 Crores
Balance Sheet Size FY20/21 Rs 91.92 Crores Rs 1,161.14 Crores
Balance Sheet Size FY21/22 Rs 91.92 Crores Rs 1,315.5 Crores
Balance Sheet Size FY22/23 Rs 92.02 Crores Rs 1,345 Crores

Comparison Link:

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Nirmal Bang Vs Tradejini IIFL Securities Vs Tradejini
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Nirmal Bang Vs Swastika Investmart IIFL Securities Vs Swastika Investmart
Nirmal Bang Vs SMC Global IIFL Securities Vs SMC Global
Nirmal Bang Vs SBICAP Securities IIFL Securities Vs SBICAP Securities
Nirmal Bang Vs SASOnline IIFL Securities Vs SASOnline
Nirmal Bang Vs Samco securities IIFL Securities Vs Samco securities
Nirmal Bang Vs RK Global IIFL Securities Vs RK Global
Nirmal Bang Vs Reliance Securities IIFL Securities Vs Reliance Securities
Nirmal Bang Vs Master Trust Capital IIFL Securities Vs Master Trust Capital
Nirmal Bang Vs Kotak Securities IIFL Securities Vs Kotak Securities
Nirmal Bang Vs Interactive Brokers IIFL Securities Vs Interactive Brokers
Nirmal Bang Vs Dhani IIFL Securities Vs Dhani
Nirmal Bang Vs IDBI Capital IIFL Securities Vs IDBI Capital
Nirmal Bang Vs HDFC Securities IIFL Securities Vs HDFC Securities
Nirmal Bang Vs Geojit IIFL Securities Vs Geojit
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Nirmal Bang Vs Edelweiss Capital IIFL Securities Vs Edelweiss Capital
Nirmal Bang Vs Easytradez IIFL Securities Vs Easytradez
Nirmal Bang Vs Rupeezy IIFL Securities Vs Rupeezy
Nirmal Bang Vs Anand Rathi IIFL Securities Vs Anand Rathi
Nirmal Bang Vs Aditya Birla Money IIFL Securities Vs Aditya Birla Money
Nirmal Bang Vs Achiievers IIFL Securities Vs Achiievers
Nirmal Bang Vs A C Choksi IIFL Securities Vs A C Choksi
Nirmal Bang Vs Angel Broking IIFL Securities Vs Angel Broking
Nirmal Bang Vs Motilal Oswal IIFL Securities Vs Motilal Oswal
Nirmal Bang Vs ICICI Direct IIFL Securities Vs ICICI Direct
Nirmal Bang Vs Sharekhan IIFL Securities Vs Sharekhan
Nirmal Bang Vs Groww IIFL Securities Vs Groww
Nirmal Bang Vs Tradesmart Online IIFL Securities Vs Tradesmart Online
Nirmal Bang Vs Upstox IIFL Securities Vs Upstox
Nirmal Bang Vs Zerodha IIFL Securities Vs Zerodha

Frequently Asked Questions

Is Nirmal Bang better than IIFL Securities ?

Nirmal Bang 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 Nirmal Bang ?

Nirmal Bang 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 Nirmal Bang cheaper than IIFL Securities ?

Nirmal Bang 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 Nirmal Bang ?

Nirmal Bang 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 Nirmal Bang vs. IIFL Securities ?

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