IIFL Review 2021

IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.

IIFL is broker that offers traders Forex, Stocks, Futures and Options. Surprisingly, IIFL does not support either of the enormously popular MetaTrader platforms (4 and 5).

IIFL is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

IIFL Summary

IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.

Ratings

30%
Trust
66%
Instruments
0%
Features
BonusNone
InstrumentsForex, Stocks, Futures, Options
Demo Account
Min. Deposit1000 Rs
Min. Trade
Regulated BySEBI
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps IIFL Markets & IIFL Mutual Funds
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Forex Trading

IIFL offers forex trading on a range of pairs with the Indian Rupee (INR).

GBPUSD SpreadNot offered
EURUSD SpreadNot offered
EURGBP SpreadNot offered
Assets20+

Payment Methods

IIFL accepts the following payment methods:

  • Cheque
  • Wire Transfer
Risk Warning – Your capital is at risk

FAQ

Is IIFL Safe?

In our review we gave IIFL a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that IIFL is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does IIFL Accept PayPal?

No, IIFL does not accept PayPal payments.

Is IIFL Halal?

Probably not, as IIFL does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is IIFL Regulated?

Yes, IIFL is regulated by SEBI.

The fact that IIFL is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.

IIFL vs Other Brokers

If you want to compare IIFL with other brokers, use the detailed comparisons below.

IIFL vs
IIFL is one of the top Indian brokers offering competitive Demat accounts with low fees.