Broker comparison
Angel One vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Angel One and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Angel One | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower; see official pricing for current schedule) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | ₹20 per order (flat) | ₹20 per order (flat) |
| AMC | Free first year, then ₹60 + GST per quarter (non-BSDA) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | SmartAPI — Free (per official SmartAPI page) | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | ≈ 95 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - free SmartAPI with multi-language SDKs | Yes - via IIFL trading API |
| Platforms | Angel One app, Angel One web, SpeedPro | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Traders who want flat-fee pricing plus research, or a free multi-language API. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Both publish execution-speed figures (Angel One: ≈ 95 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Angel One full profile
- IIFL Securities full profile
- Angel One brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Angel One vs IIFL Securities: which has lower delivery brokerage?
At our last review, Angel One published delivery brokerage as "₹20 or 0.1% per order (whichever is lower; see official pricing for current schedule)" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Angel One or IIFL Securities have a trading API?
Both have documented APIs at review time: Angel One (SmartAPI), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Angel One or IIFL Securities?
Angel One publishes ≈ 95 ms (median); IIFL Securities publishes ≈ 95 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Angel One - official website - https://www.angelone.in
- Angel One - official pricing - https://www.angelone.in/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges