Broker comparison
Pocketful vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Pocketful and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | Pocketful | IIFL Securities |
|---|---|---|
| Delivery brokerage | ₹0 (free; ₹0.01 minimum per order) | 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 | ₹0 | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (₹0 online) | Free (₹0 online) |
| Trading API | Pocketful API — Free (₹0 for all trading APIs, per official site) | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | < 50 ms (self-reported)self-reported | ≈ 95 ms (median) |
| Algo support | Yes - free API | Yes - via IIFL trading API |
| Platforms | Pocketful app, Pocketful web | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Algo-curious traders willing to try a newer platform. | 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
Pocketful publishes free equity delivery; IIFL Securities does not (per official pricing at review). Both publish execution-speed figures (Pocketful: < 50 ms (self-reported); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Pocketful full profile
- IIFL Securities full profile
- Pocketful brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Pocketful vs IIFL Securities: which has lower delivery brokerage?
At our last review, Pocketful published delivery brokerage as "₹0 (free; ₹0.01 minimum per order)" 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 Pocketful or IIFL Securities have a trading API?
Both have documented APIs at review time: Pocketful (Pocketful API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Pocketful or IIFL Securities?
Pocketful publishes < 50 ms (self-reported); 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
- Pocketful - official website - https://www.pocketful.in
- Pocketful - official pricing - https://www.pocketful.in/pricing
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges