Kifs Trade Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Kifs Trade, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Kifs Trade is a Private company headquartered in Mumbai which is founded in 1995 by Mr. Jayesh Khandwala. Kifs-Trade is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Kifs Trade work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Kifs Trade is an NSE and BSE-listed company with over Nil branches in India.

OverviewKifs Trade
Broker TypeFull Service Broker
Type of companyPrivate
FoundersMr. Jayesh Khandwala
Foundation Year1995
Supported ExchangesNA
Total branchesNil

Kifs Trade Account opening charges

You need to open a demat account and a trading account, to start trading with Kifs Trade. So, to open a trading account with Kifs Trade, you need to pay a fee of Free. However, the trading annual maintenance charges of Kifs Trade are free. And Demat annual maintenance charges are Free or Rs.300. There are also no fees for margin money or transfers from an offline to an online account. And Kifs Trade is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesKifs Trade
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Free or Rs.300
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.0 – Rs.300,000
Offline to Online ChargesYes

Kifs Trade Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Kifs Trade brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Kifs Trade This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Kifs Trade charges a brokerage fee of 0.010% – 0.030% per order.
  • Equity futures: The brokerage cost for equity futures is 0.010% – 0.030% as well.
  • Equity options: Kifs Trade charges a brokerage fee of Rs.20 – Rs.30 per Lot for trading equity options.
  • Currency: Unleash your trading potential with Kifs Trade’s dynamic 0.010% – 0.030% charges.
  • Commodity: For commodity options trading, Kifs Trade charges a brokerage fee of 0.010% – 0.030%.

Equity Brokerage Charges

Equity Brokerage ChargesKifs Trade
Equity Delivery Brokerage0.10% – 0.30%
Equity Intraday Brokerage0.010% – 0.030%
Equity Futures Brokerage0.010% – 0.030%
Equity Options BrokerageRs.20 – Rs.30 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesKifs Trade
Currency Futures Brokerage0.010% – 0.030%
Currency Options BrokerageRs.20 – Rs.30 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKifs Trade
Commodity Options Brokerage0.010% – 0.030%

Kifs Trade Other Charges

  • Minimum brokerage charges: At Kifs Trade, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Rs.30 per Trade.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Kifs Trade.
  • Call and trade charges: If you use call and trade service, the charges of Kifs Trade are NA.
Other Brokerage ChargesKifs Trade
Minimum Brokerage ChargesRs.30 per Trade
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Kifs Trade Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Kifs Trade offers Upto 6x times leverage on equity delivery, Upto 10x times leverage on equity intraday, Upto 4x times leverage on equity futures, and Upto 6x times leverage on equity options.

Here is the leverage provided by Kifs Trade:

Equity LeverageKifs Trade
Equity DeliveryUpto 6x
Equity IntradayUpto 10x
Equity FuturesUpto 4x
Equity OptionsUpto 6x

Kifs Trade Currency Leverage

Kifs Trade also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 4x times and Currency Options Upto 6x times.

Currency LeverageKifs Trade
Currency FuturesUpto 4x
Currency OptionsUpto 6x

Kifs Trade Commodity Leverage

Kifs Trade offers Upto 5x leverage for commodity trading.

Equity LeverageKifs Trade
CommodityUpto 5x

Kifs Trade Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Kifs Trade gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

OffersKifs Trade
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanYes
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Kifs Trade Features

  • Discount Broker:Kifs Trade, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Rs.30 per Trade executed, regardless of trade category, size, or exchange. They also offer Upto 10x trading leverage.
  • Range of Investment Products: Kifs Trade is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Kifs Trade paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Kifs Trade differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Kifs Trade provides margin funding services. These can be used to make partial payments on cash segment transactions. Kifs Trade lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Kifs Trade provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Kifs Trade offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Kifs Trade is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Kifs Trade’s 0.010% – 0.030% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Kifs Trade provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Kifs Trade offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
FeaturesKifs Trade
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Kifs Trade Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Kifs Trade offers research papers with the top recommendations, which are developed by industry specialists. On their website, Kifs Trade also offers annual reports, as well as daily market reviews and weekly reports.

ServicesKifs Trade
Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewYes
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kifs Trade Trading Platforms

To fulfil the various needs of its consumers, the Kifs Trade trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsKifs Trade
Desktop BrowserYes

Kifs Trade Mobile App

Kifs Trade offers mobile trading through the Kifs Trade app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppKifs Trade
Mobile BrowserNo
Android AppYes
iOS AppNo
Windows AppNo
Other Mobile OSNo

Kifs Trade Customer Support

  • Online trading support: Kifs Trade can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Kifs Trade offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Kifs Trade5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportKifs Trade
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches5

Kifs Trade Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 102 BSE complaints, of which 68 have been resolved, which amounts to 66.67 % in percentage terms. And, when it comes to NSE complaints, there are 123 of them, with 86 of them resolved, for a percentage of 69.92 %. And the percentage of BSE/NSE complaints resolved is 68.29 %

The table below highlights the complaints acquired by Kifs Trade.

BSE ComplaintsKifs Trade
BSE Complaints102
BSE Resolved Complaints68
Percentage of resolved BSE complaints66.67 %
NSE Complaints123
NSE Resolved Complaints86
Percentage of resolved NSE complaints69.92 %
BSE/NSE Complaint vs. Resolved Percentage68.29 %


In conclusion, Explore Kifs Trade’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Kifs Trade can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.