Broker comparison
Arrow vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Arrow and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Arrow | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹0 (free) | 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 (options); ₹20 or 0.03% per order for futures (whichever is lower) | ₹20 per order (flat) |
| AMC | ₹0 (individual accounts; ₹500/year for non-individual accounts) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | ₹0 (free) | Free (₹0 online) |
| Trading API | Arrow API — See official docs | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | 95% < 2.9 ms · 99% < 4 msself-reported | ≈ 95 ms (median) |
| Algo support | API with Python & Go clients; in-house algo tools “Coming soon” per official site | Yes - via IIFL trading API |
| Platforms | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Latency-sensitive and professional traders who prioritise order-execution speed. | 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
Arrow publishes free equity delivery; IIFL Securities does not (per official pricing at review). Both publish execution-speed figures (Arrow: 95% < 2.9 ms · 99% < 4 ms; IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Arrow full profile
- IIFL Securities full profile
- Arrow brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Arrow vs IIFL Securities: which has lower delivery brokerage?
At our last review, Arrow published delivery brokerage as "₹0 (free)" 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 Arrow or IIFL Securities have a trading API?
Both have documented APIs at review time: Arrow (Arrow API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Arrow or IIFL Securities?
Arrow publishes 95% < 2.9 ms · 99% < 4 ms; 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
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges