https://v2.webnotes.in/tags/full-service-broker-india/Recent content in Full Service Broker India on WebNotesHugoen-INMon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-vs-iifl/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-vs-iifl/<p><strong>Zerodha</strong> and <strong>IIFL Securities</strong> illustrate the divide between a pure-play discount broker and a diversified financial services company with broking as one of several revenue lines. <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> is a flat-fee, research-light, technology-first broker. IIFL Securities Limited (ticker: IIFLSEC) is a listed subsidiary of IIFL Finance and offers equity broking, research, wealth management, investment banking, and institutional brokerage.</p> <p>Data reflects May 2026; verify current charges at zerodha.com/charges and iiflsecurities.com before transacting.</p> <h2 id="background">Background</h2> <p>IIFL Securities was incorporated in 1996 as India Infoline Limited and became a leading full-service brokerage under the IIFL group. It was separately listed as IIFL Securities Limited. The firm operates a large physical branch and franchise network across India and has historically served both retail and institutional clients. Its retail discount brand 5paisa (<a href="https://v2.webnotes.in/zerodha-vs-5paisa/">Zerodha vs 5paisa</a>) is a separately listed entity under the IIFL Finance umbrella.</p>