IFCI Financial Review 2021, Brokerage Charges, Trading Platform and More

IFCI Financial Services Ltd (IFIN) was promoted in 1995, by IFCI Ltd., to provide a wide range of financial products & services to investors, institutional & retail. IFIN is primarily involved in Stock Broking, Investment Banking, Mutual Fund Distribution & Advisory Services, Depository Participant Services, Insurance Products Distribution & the like.

IFIN is positioned as a global financial supermarket, built on the foundations of incisive research & trust. Intense interaction with investors helps us understand their specific needs & suggest holistic & appropriate financial solutions.

Website.www.ifciltd.com
Demat Account.NSDL/CDSL.
Trading Exchanges.NSE,BSE,MCX-SX,MCX,NCDEX.
Broker Type.Full Service Broker.

IFCI Financial Services Account opening Charges.

Trading Account.NA.
Demat account.Rs. 500.
Commodity Account.Rs.120.
Trading Annual maintenance charges (AMC.)Rs 300/per year.

IFCI Financial Services Brokerage Charges.

SEGMENT.BROKERAGE.
Equity (Intraday).0.03% for Intrday.
Equity (Delivery).0.3% for Delivery.
Equity Futures.0.03% of Turnover.
Equity Options.Rs 50/lot.
Currency Futures.0.03% of Turnover.
Currency Options.Rs 50/lot.
Commodity.0.03% of Turnover.

IFCI Financial Services Leverage or Margin.

SEGMENT.MARGINS.
Equity (Intraday).Upto 15 times Intraday.
Equity (Delivery).2 times for Delivery.
Equity Futures.No Leverage.
Equity Options.No Leverage.
Currency Futures.No Leverage.
Currency Options.No Leverage.
Commodity.Upto 2 times for Intraday.

IFCI Financial Services Trading Platform or Software.

Trading Platform or Software.ODIN Diet.
Web based.IFIN First,IFIN Imperia.
Mobile Application.NA.

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  • lowest Brokerage
  • Highest Margin Across All Segments
  • Great Customer Care Support
  • Fast Trading Platform

IFCI Financial Services Some Useful Services.

Online Trade Reports.YES.
Online PNL Reports.YES.
Intraday Chart Facility.5 days on ODIN.
End of Day Chart Facility.5 Yearson ODIN.
3 in 1 Account.NO.
Instant Fund withdrawal.NO.
Relationship Managers.YES.

Useful Details.

Price (Broker Type).Percentage Based.
Headquarters City (Head Office).New Delhi.
Total Branches (Presence).15+ bank branches
Research & Tips.Yes Research Provided.
Total Experience in Broking.21 Years of experience.
Year of Incorporation.1995

Client Info & NRI Account opining Regulations.

Current Active Client Base?No Info.
NRI Account Opining Allowed Or Not.YES, It is Allowed.

Fund Transfers Service.

Number of bank linked to account.15
Mode of payment (Withdraw &Deposit).Payment Gateway,Cheque.
Fund Payin processing time.Payment Gateway,Cheque.
Fund Payout processed (Working Days).1 Day.

Turnover & Other Charges.

Equity (Cash & Delivery) Turnover charges.0.00325% of Turnover.
Equity Futures Turnover charges.0.005% of Turnover.
Equity Options Turnover charges.0.065% on premium
Currency Futures Turnover charges.0.005%
Currency Options Turnover charges.0.065% on premium
Commodities Turnover charges.0.005%
Dial & Trade charges.Rs.0.
DP Transaction charge.Rs 15 per debit transaction or0.01% whichever higher.

Support & Tools Available.

Brokerage calculator.Not Available.
Margin Calculator.Not Available.
Bracket orders & Trailing stoploss.Not Available.
Cover order.Not Available.
User guide & remote end support.YES.

Reports & Confirmation.

Contract notes on Email.Yes (Register Email ID).
Contract notes online.Yes (Register Email ID).
Periodical statement on Email.Yes (Register Email ID).
Trade confirmation on Email.Yes (Register Email ID).
Trade confirmation on SMS.Yes (Register Email ID).

Additional Features.

Charting (Intraday & EOD).YES.
Coding or Backtesting (Algo Trading).Not Available.
Referral program (Affiliate).Not Available.
Training & Education.Yes, Knowledge center.
Online trading community.Not Available.

Customer Care.

Contact Details.Register Office.
IFCI Tower,15th Floor,
61,Nehru Place,
New Delhi 110 019
Corporate Office.
Continental Chambers
142, M G Road,
Nungambakam,
Chennai 600 034.
Call.Customer Care.
Toll Free 1800-425-1117.
Phone No +91-44-28306600.
Fax +91-44-28306650.
Email.customercare@ifinltd.in
Complaints Or Grievances.customercare@ifinltd.in

IFCI Financial Review & Ratings

On the scale of 5 (0 is worst & 5 is best). Below are the review & rating for IFCI Financial.

SummaryRatings
Customer Experience3.5 / 5
Trading Platform / Mobile APP4 / 5
Services4 / 5
Brokerage Charges5 / 5
Fund Add / Withdrawal4.5 / 5 
Overall Rating4 / 5
Star Rating★★★★
Review Counts123

Sebi Registration.

NSE-Cash/F&O/Currency : INB/INF/INE 231108631.
BSE-Cash/F&O : INB/INF 011108637.
MCXSX – Cash/F&O : INB/INF 261108634, Currency : INE261108631.
MCX : MCX/TCM/CORP/0236; Member ID : 40415.
NCDEX-NCDEX/TCM/CORP/0982; Member ID : 01008.
National Spot Exchange : Member ID : 12810.
AMFI ARN No.2649; PMS-INP000003328.
Merchant Banking – INM000010247.

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2 Comments

  1. Natarajan Venkatraman
    • stockamj

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