How to use IIFL Trader Terminal?

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Before coming to a conclusion of How to use the IIFL Trader Terminal for all the trading transactions, it is important to understand the IIFL Trader Terminal first!

IIFL Trader Terminal is a comprehensive trading tool to meet all the trading and investment requirements of individuals in various segments such as 

IIFL Trader Terminal also known as IIFL TT is a perfect combination of cutting-edge technology and extensive research in the field of the stock market with expertise charting and analytical potentiality with lightning-fast speed.

You can also use the web platform by login to the IIFL TTWeb. You can browse the application and can make the best use of this trading applications.

Through IIFL Trader Terminal, you can effectively trade on India’s 4 exchanges which are:

  • Multi Commodity Exchange of India Limited (MCX)
  • National Stock Exchange (NSE)
  • Bombay Stock Exchange (BSE)
  • National Commodity and Derivatives Exchange (NCDEX)

How to Download IIFL Trader Terminal?

Since this is a desktop application it is available to all the investors and traders to use it for free without downloading it after you have a Demat account.

However, if you do not wish to open the website again and again and have access to this trading web application on your desktop, you can easily download IIFL Trader Terminal through a simple and quick way.

IIFL Trading Terminal Download step:

To make the process hassle-free and effortless, you can simply click here to download the IIFL Trader Terminal App.

However, if the above link is not working, then you may follow the process mentioned below:

  1. Navigate to IIFL official website
  2. Scroll your mouse to the lower bottom at the left side and click on the “trade” button in the IIFL Group section.
  3. Now, a new screen will be displayed before you. In the centre-right side of the page, a box will be displayed with the title “Trader Terminal Desktop”.
  4. Here, you could see the blue box where it’s clearly written Download. Click on the Download button and then again on the Download orange button that you will see on the next page.
  5. The App will start to download in your downloading folder. 

Once you open the IIFL set up on your PC, click on the Next and Finish button. Log in with your ID and password, and here you go. You are all set for trading!


IIFL Trader Terminal for PC

The IIFL Trader Terminal application for PC is designed for all the windows operating systems having good network connectivity in your computer or laptop will allow a smooth process.

The IIFL TT App is suitable for the below Windows:

  • Windows 98
  • Windows 2000
  • Windows 2003
  • Windows NT
  • Windows XP
  • Windows Vista and Windows 7. 

However, on Windows 2000, NT, and 98 you will be required to install NET. Framework 2.0 and in XP, you will have to make sure that you have Framework version 2.0. 


IIFL Trading Terminal Login

With very few and simple steps, an investor or a trader can log in to the IIFL Trading Terminal application.

IIFL Trading Terminal login steps are as follows:

  1. To log in to the EXE version in Mobile or Desktop, you will be required to fill your correct ID (Client ID) and password.
  2. To log in through the IIFL Trading Terminal Web version, you will be required to input your client ID, password along with your PAN or DOB.

The PAN/DOB ensures extra security to your account and helps in preventing unauthorized access. Also, putting an incorrect password for more than three times will lock the system. 

After successful login, here learn how to use IIFL TT systematically after logging into your account. Below are the menu options that you will see once you login to your account:

  1. File
  2. Market
  3. Reports
  4. My Account
  5. Links
  6. Research

FILE: 

Under this option, you can choose to lock the screen or change your account password. You can also check network connectivity or change your broadcast server through this option. 

MARKET:

This option offers you to create a customized market watch along with buying and selling scripts. “Market” allows you to view the LIVE stock market data and deeply analyze the charts according to your preference.

With the impeccable feature “Market Watch” you can view the complete market information of the pre-selected scripts in which you are interested. 

To create a customized market watch follow the steps below:

  • Press New or F4 on the screen once you select a Market watch.
  • To load any group, simply right click on the screen. 
  • Click on the + sign to select the pre-defined.
  • Now, double-clicking on the desired option will help you in opening the watch.
  • You can save the Market screen by pressing Ctrl and S keys together.

You can also add or remove columns in the Market Watch by going to Tools> Settings> and selecting Market Watch. Now, simply select the columns that you would like to see and uncheck the ones that you do not want to view.

Another feature in Market Watch is “Market Depth” which allows an investor or a trader to analyze the complete market in one go. Here, we can view the five best bids, check the Average Traded Price, and can view the real-time scripts too.

You can also view different types of charts in the IIFL Trader Terminal which includes 14 indicators for amount and quantity panel. 

IIFL TT provides three types of separate chart type options such as Line, Candlestick, and OHLC.

REPORTS: 

The features under “Reports” allows an IIFL account holder to track the orders. The orders details whether it’s executed, pending, or cancelled can be viewed through this section on the main menu bar. 

Viewing open and closed positions is possible through “Reports”. This option also lets an investor or trader view the holdings such as stocks, shares, or bonds at a glance.

Also Read: How to Buy Shares in IIFL App?

IIFL TT reports have the below significant features:

  • Sort all reports by preferred column
  • View order status 
  • Add or cancel placed orders
  • With a single click, you can cancel multiple orders
  • Sell directly from the Holdings window
  • Change the cancelled orders through the Order Book, etc.

MY ACCOUNT:

“My account” option is very helpful to the account holders since it allows them to track their portfolio with simple and easy steps. With this feature, you can securely do the transactions from your trading account to your bank account or vice-versa. 

“My account” option gives you complete access to viewing your account-related transactions, bills, summary, etc. 

LINKS:

This menu also holds an important place in the IIFL Trader Terminal. Through this option, you can get direct links to the important sites related to the stock market such as major exchanges of India (SEBI, BSE, NSE, RBI, etc.) 

RESEARCH:

The research option provides daily and weekly research reports for buying and selling on various trading and investment segments like Equity, Commodity, and Derivatives. It also gives proper information on Mutual Funds (MFs) too.


How to Buy/Sell in IIFL Trade Terminal?

Buying and selling scripts in IIFL Trade Terminal is super easy and quick. There are a plethora of ways that allows an investor to buy or sell scripts with ease. 

Choosing one of the methods below will allow you to buy or sell scripts in IIFL Trade Terminal:

  • In each Market watch, you will be allowed to make transactions through the “buy/sell” button.
  • Again in the Market Watch, right-clicking on the desired script will allow you to select buy or sell.
  • You can also use shortcut keys for buying and selling in EXE version:
  • Pressing F1 will allow you to BUY 
  • Pressing F2 will lead to SELL
  • Alternatively, one can also navigate to the “Buy/Sell” button in the Market option.

To place an After Market Order (AMO) when the market time is closed, select the Buy/Sell button in the After Market Order in the Market section. Even when the market is closed, your order will be sent for processing on the very next business day.

As another option, you can also choose the below shortcuts for AMO:

  • Ctrl + F1: AMO buying
  • Ctrl + F2: AMO selling

Conclusion

Through the aforementioned documentation, you can easily answer How to use IIFL Trader Terminal? IIFL Trader Terminal is a simple and quick tool to buy and sell scripts in various trading and investment segments such as Equity, commodity, currency, mutual funds, and many more. 

However, for trading in the F & O segment, a written application has to be submitted to IIFL’s nearest branch or through online procedure by attaching your annual income proof.

With impeccable trading features in IIFL Trader Terminal such as Reports, Market, Links, My Account, etc. you can view real-time stocks and get hold of them. 

Transactions through the IIFL TT is hassle-free and effortless since it allows four different ways to buy and sell scripts of different types. 


IIFL Trader Terminal Frequently Asked Question & Answers 

Here below, we have answered a few most of the commonly asked questions related to How to use the IIFL Trader Terminal. 

1. How do I retrieve my new password if I have lost the current one?

If you have forgotten or not remembering your password you can online place a new password request by following the below measures:

  • Open the IIFl Trader Terminal app.
  • Select “Forgot Password” on the TT window 
  • Verify your credentials by submitting your Client ID, PAN, and mobile number. Click on OK.
  • A new password will be generated or an option will be given to you to update your password.

2. What if I have entered an incorrect password multiple times? 

If you enter an incorrect password more than three times your account will be temporarily locked. 

However, after 15 minutes your account will be unlocked and hence, you will be allowed to trade. 

In case you want to unlock your account instantly without having to wait for 15 minutes, then you can call the IIFL customer service on 022-40071000.

3. On which segments can we trade on IIFL Trader Terminal App?

You can place orders in various trading and investment segments such as Equity, Commodity, Currency, Mutual Funds, etc. listed by NSE and BSE. 

However, to trade in the derivative segment you need to submit a written application along with your income proofs for activating terminal in the derivative segment.

4. What is the time to place AMO online?

You can place After Market Orders (AMO) between 4.30 p.m. to 8.30 a.m. online through IIFL Trader Terminal. 

5. What should I do if the prices of the scripts are not refreshing?

If the prices on your IIFL TT are not refreshing, you can try the following options:- 

  • Exit and re-login to the terminal again. 
  • You can also change the broadcast server from the file menu. 
  • If both of the options didn’t work you may contact the IIFL customer service on 022-40071000.

6. Is it possible to have two or more active IIFL Trader Terminals on the same computer or laptop?

Indeed. It is possible to access more than one IIFL Trader Terminal on a computer or laptop since you will be logged in two separate Client IDs.


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