IIFL was established in 1995 and is one of the most renowned independent stockbroking firms offering inclusive services. They cater to institutional as well as retail clients. It’s a financial service provider ensuring exceptional quality to the clients. Their personalized services incorporate the implementation of top-notch technology. With a broad range of services, the company has over 4500 offices in more than 950 cities.
The daily turnover of IIFL in 2012 was reported to be Rs 4355 crore in just Equity and Rs 2254 crores considering their equity transactions and trade. IIFL offers web-based trading services along with advisory solutions backed with robust research of their team. The research team offers to advise on all the financial products including Derivatives, Stocks, Insurance, Commodities, IPO, Bond, Loans and many more. They also promote the use of NRI Trading along with investment services.
The company has its regional offices in Dubai, Mauritius, New York, Colombo, Hong Kong, London, and Singapore. The company has been the recipient of “Best Broker with Global Presence by BSE in the BSE IPF. The annual charge for the maintenance of the account is just Rs 300, however, it can be free depending upon the offers availed by the users on account selection. There is no maintenance charge for accessing and using the trading account. The margin money or the minimum balance requirement at a certain point would be Rs 25000.