IIFL Securities Review 2021

Yes, IIFL Securities is definitely a good broker for trading because of following reasons:

• Registered full-service broker with SEBI, BSE, NSE, MCX, and NCDEX.
• 25 years of establishment and 2.5 lakh active client base.
• Best technology trading platforms i.e. IIFL Markets App, IIFL TT Web, and IIFL TT Exe.
• Free research, advisory, trading tips, and recommendations.
• Strong offline market presence through 2300+ branches.
• Global market presence with offices in Colombo, New York, Dubai, Mauritius, Singapore, Hong Kong, London, etc.
• Superior customer services.

Here are the steps to login with IIFL Securities trading platform.

• Head to the IIFL TT web or IIFL Markets app.
• Enter client ID, password, and Date of birth and then “click on login”.
• Now, you have logged into your account successfully.

Yes, undoubtedly, IIFL is a good broker for first-time traders or beginners because of the following reasons;

• Flat Rs. 20 discount brokerage plan.
• Zero brokerage delivery trading.
• Free IIFL Research and advisory services.
• Complete investment solutions or products.
• Best mobile app trading through IIFL Markets App.

IIFL Securities Ltd is a broking arm of IIFL group that offers diversified financial products and services to customers. It is founded by Nirmal Jain (Chairman) and Rajamani Venkataraman (Managing Director).

To trade with IIFL, firstly you have to open a 2-in-1 account (IIFL Demat + Trading). Once your IIFL account has been opened successfully then you can log in with any of the trading platforms whether IIFL Markets mobile app, IIFL TT web, and IIFL TT desktop trading software, and place buy and sell securities as per your trading requirement. On trading with IIFL, you will be charged with the applicable brokerage charges.

However, if you want to invest only in mutual funds then you have to open an IIFL mutual fund account and can invest in MF through the IIFL Mutual Funds app or IIFL Web.

IIFL being an NSDL and CDSL depository participant offers Demat account opening services. Every Demat account holder with IIFL has a unique identification number that is called IIFL DP ID that is necessary to place buy and sell transactions.

One can easily transfer funds to your IIFL trading account using any of the platforms i.e. IIFL TT web, IIFL TT, and IIFL Markets app.

Steps to add funds to your IIFL account through IIFL app:

1. Enter client ID, password, and DOB to login with the IIFL markets app.
2. Go to the “My Reports” button and then click on the “fund transfer” button.
3. Click on the “Payin” option.
4. Here, customers have two options to add funds either using the net banking option or the UPI option. Click on the relevant option and enter the amount.
5. Lastly, press the “Proceed” button to successfully add money into your bank account.

Steps to place AMO through IIFL Markets app:

1. Login with IIFL Markets mobile app.
2. Select the stock, in which, you want to place AMO.
3. Enter details like quantity and price.
4. Click on the “Advanced” button, select AMO, and confirm.
5. Your AMO will be placed.

If you want to link a new bank account with IIFL then you can do it. You have to go through the below steps to change your registered bank account with IIFL Trading Account.

1. Go to the broker’s website and download the change bank detail form.
2. Fill the form, sign it and attach new bank account proof (canceled cheque, passbook, last 3 months bank statement etc.)
3. Submit the form along with the bank proof to the IIFL head office address.

IIFL Change Bank Details Form

If you chose to add funds to your IIFL account online then the funds will be added or transferred instantly with no time lag. Once funds are credited to your IIFL trading account, you can view your account balance on the dashboard.

No, IIFL Securities Ltd is a full-service broker that offers a complete investment solution (multiple products i.e. equity, derivative, commodity, currency, IPO, MF, PMS, fixed income products, loans, etc.) to customers. Thus, the broker meets the diversified investment requirement of their clients. As it is a full-service broker, therefore, also provides research and advisory service that is not available with any discount brokers like Zerodha and Upstox.

1. Login with IIFL account credentials on IIFL TT Web or IIFL Markets app.
2. Click on the “Options” menu respective to the stock and press the “Sell” button.
3. Here, you can place different types of sell orders i.e. market order, limit order, etc. Select the right one and enter details like price and quantity.
4. Confirm the order.
5. Your sell order will be successfully placed!