Using this application can be relatively tough initially, especially for traders who are going ahead with their stock market investments for the first time. But if you are a seasoned trader, you will get the hang of it, pretty soon.
The app offers many advanced features including charts and analytical capabilities that help the trader in making investment decisions like never before.
IIFL Trader Terminal Features
The app comes with unlimited features. Let’s have a quick look at some of those features:
Live Market Data, Streaming Quotes.
To view the Market Depth, the application provides you with the best 5 bid/ask and open interest quotes. You can check the Daily Price range (DPR) and Average Traded Price (ATP) before taking the call to go ahead with the trade or not.
Single-click order placement with short-cut key functionality. Similarly, shortcut keys can be applied to access other features as well.
Comes with 2-level authentication for additional security
Provision to add multiple market watch lists so that users can view information on pre-selected scrips. Within each scrip, clients can view data such as LTP (Last Traded Price, Best bid rate, total volume, best offer rate, etc.)
High-speed order execution – performance-wise, the IIFL Trader terminal is one of the top-notch trading software.
Market Analyzer feature helps clients to have a quick glance at the current situation of the market with information of low losers, gainers, 52-week high/low, and so on.
Within the application itself, you can use the options calculator to see the value of the put and call options, implied volatility, and related key statistics.
For your technical or fundamental analysis – the IIFL trader terminal is loaded with multiple types of chart types such as Candlestick, Line, OHLC. Users can view historical charts with duration variations of 1 month, 3 months, 6 months, 1 year, 2 years, 5 years, and so on).
Furthermore, there are 14 different technical price and volume indicators available for analysis.
IIFL fund transferwith banks such as ICICI, HDFC, Citi, UTI, Yes Bank, Axis, etc available.
Similar to the IIFL Trader Terminal, you can access almost all the features on your mobile phone via the IIFL Markets App.
IIFL Trader Terminal Download
If you are the customer of IIFL Securities, then you can download the app by following a simple process. Here are the steps to have the app on your desktop.
Visit the website and get the link to download.
Install it and follow the step by step process mentioned in the window.
Open it and login using the credentials.
IIFL Trader Terminal Set-Up
Your set-up process is complete once you download the trading platform.
In case you find any difficulty than you can call the RM to get the solution.
IIFL Trader Terminal requires you to have Windows (98, 2000, 2003, NT, XP, Vista, 7, 8, and 10) operating system.
Users also need the Dot Net framework installed on their machines before accessing the software.
Pentium/Celeron Processor with RAM – 256Mb. Ideally 512Mb and above.
IIFL Trader Terminal Login
Once you can download the trading platform on your desktop you can use it right away by login into the trading platform.
For this you have to follow a few steps;
Visit the IIFL website.
Enter the client ID and password provided to you while the time of the account opening.
Enter your PAN details or Date of Birth and click on the login button.
The dashboard opens in front of you and you will be able to reap the benefits without delay. So start to gain the best trading experience in IIFL Equity, IIFL Commodity, Currency, etc with the best trading platform provided to you by the IIFL.
How to Use IIFL Trader Terminal?
IIFL Trader Terminal is one of the seasoned trading applications in India. It offers a wide range of features at data, analysis, market trends, and related levels.
Creating a Market Watch
Since you can create a market watch with the trading platform. To create the market watch follow the steps given below:
Go to the market and click on Market Watch,
Now press on new or simply press the F4 key.
Load any pre-defined market watch by right click on the screen.
Select the load group.
Now choose predefined and click on ‘+’ sign.
Then click on the desired option and have the market watch on the screen.
Adding Scrips to the Market Watch
Go to the Option Add Scrips
Type the name of Scrips in the Code/Symbol block
The scrip is visible in the Market Watch thus customizing your market watch list.
Save the Scrip.
*You can also export the customized scrip to your desktop by clicking on the Export Scrip list option. You can have the scrip with al the latest information like Scrip name, traded quantity, bid rate, and last traded price, total volume, etc.
IIFL Trader Terminal Disadvantages
IIFL Trader Terminal comes with the following concerns and limitations.
Thus, be wary of these areas before you get all excited towards using this trading application:
The terminal software is not available for iOS users and is only limited to Windows users only.
If users want to trade in the future and options (F&Os) segment, they are required to submit written an application and income proofs for terminal activation.
IIFL Trader Terminal Advantages
At the same time, you get the following benefits while using IIFL Trader Terminal:
Users can chat in real-time with the customer care of India Infoline to get assistance during market hours.
Since IIFL is a full-service stockbroker – users get fundamental reports and technical trading calls within the trading application. There is a daily report called ‘Market Mantra‘ and a weekly report called ‘Weekly Wrap‘ for deep analysis and then there are ‘IIFL Calls‘ for quick intra-day tips.
Provision to add AMO (After Market Order) i.e. users can place an order after market hours and such orders get processed the next business day of the stock market.
You are allowed to set up alerts and notifications based on your preferences where you need to add the scrip name, put up the price condition, and the corresponding message you are looking to put in. Once the condition is met in the live market, notification is sent to you.
Access to LIVE TV with inbuilt integration with ET Now.
For additional security, there is a LOCK feature that gets enabled automatically if there is continuous inactivity for 10 minutes on the terminal. This feature disables trading feature while other features stay available.
The application allows you to transfer funds to and from your trading account using multiple options.
Then there are few orders related features such as checking order status, single-click based multiple order cancellation, open positions getting squared off, exporting order reports, and so on.
With the real-time market analysis and the Quick order execution process offers a unique trading experience especially to the beginners. Along with that, you can check the status of the order placed and gives you the provision to cancel the order.
You can also transfer funds to and from the trading account without delay by using the great features of the app.
So, reap the best benefits of the app and open your trading account with IIFL without any further delay.
Frequently Asked Questions
1. How to Download IIFL Trader Terminal?
You can download IIFL Trader Terminal in your desktop by following simple steps. All you need is a good internet connection and computer or laptop.
To download the app, visit the website, and click on the link to download the app. Once done, follow the instructions and get the app instantly on your desktop.
2. How to Login to IIFL Trader Terminal?
To login to the IIFL Trader Terminal, just visit the website and enter your client ID and password provided to you at the time of account opening. Other than this, enter the DOB or PAN Card details.
Proceeding this just click on login and start trading without delay.
3. What are some of the top features of the IIFL Trader Terminal?
Although IIFL Trader Terminal offers you innumerable features to trade efficiently and to remove your trading obstacles, some of the highlighted and key features are:
Market Depth Analysis
Quick Order Placement
4. What are the major requirements to have the IIFL Trader Terminal Trading platform?
To have the trader terminal in your desktop, the foremost requirement is to have a trading or demat account with the IIFL.
Apart from this, make sure you have the following things on your PC.
Operating System: Windows 98, Windows 2000, Windows 2003, Windows NT, Vista, and Windows 7.
Proxy Setting: You have to open the ports if the software is entered from behind.
Browser Version: IE 6/IE 7, Mozilla, Chrome.
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More on IIFL
If you wish to learn more about this stockbroker, here are a few references for you: