IIFL Trader Terminal Review – Features, Benefits & More

IIFL Trader Terminal is a terminal-based trading platform, users need to download and install it on their computer systems to start trading. The application is found to work fabulously for high-frequency traders who prefer intraday trading. It is offered by India Infoline or IIFL – A full-service stock broking house.

IIFL offers cutting-edge trading platforms and research-based support for its entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FD’s, Loans, Bonds etc.

IIFL has:

• 5953 CR NETWORTH
• 8000+ NETWORTH
• 1900+ WORKFORCE
• 500+ BRANCHES
• 40 lac+ STOCKS UNDER RESEARCH
• 2 lac+ CLIENTBASE

On technology front, IIFL is heavily reliant on its terminal-based trading application – IIFL Trader Terminal.

IIFL Trader Terminal enables traders and investors to trade across Cash/Equity, Derivatives, Mutual funds, IPO, Currency, Commodities listed on exchanges including NSE, BSE, MCX and NCDEX.

According to IIFL Trader Terminal reviews available on internet, it has been discovered that users may find it a bit hard to get their hands on this application, but over a period of time, they get set on it.

IIFL won the ‘Best Broker with Global Presence’ award at the BSE IPF – D&B Equity Broking Awards 2012. IIFL has presence through its subsidiaries in Colombo, Dubai, New York, Mauritius, London, Singapore and Hong Kong.

System Requirements for IIFL Trader Terminal

Operating System

IIFL Trader Terminal works perfectly on Windows (98, 2000, 2003, NT, XP, Vista, 7, 8 and 10) operating system.

Framework

Users also require Dot Net framework installed on their machines before downloading the software.

Processor

Pentium/Celeron Processor with RAM – 256Mb. Preferably 512Mb and above.

IIFL Trader Terminal Features:

IIFL Trader Terminal is one of the most popular trading applications in India. It offers an extensive range of features at data, analysis, market trends and related levels. Here is a detailed look at them.

• Live Market Data, Streaming Quotes.
• If you want to check the Market Depth, the application enables you with the best 5 bid/ask and open interest quotes. You can even watch Daily Price range (DPR) and Average Traded Price (ATP) before trading.
• Single-click order placement with short-cut key feature. Likewise, shortcut keys can also be used to access other features as well.
• Best-in-class 2-stage authentication for extra safety
• Option to add multiple market watch lists so that users can check information on pre-chosen 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-based
• Market Analyzer feature allows users to take a quick look at the present situation of the market with details on low losers, gainers, 52-week high/low and so on.
• Within the application itself, you can explore the options calculator to check the value of the put and call options, indirect volatility and associated key figures.
• For technical or fundamental analysis – IIFL trader terminal comes with different 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).
• In addition, there are 14 different technical price and volume pointers available for examination.
• Online funds transfer with leading banks such as ICICI, HDFC, Citi, UTI, Yes Bank, Axis etc. available.

Advantages of IIFL Trader Terminal

• Option to chat on real-time basis with the customer care of India Infoline to get support during market hours.
• As IIFL is a full-service stockbroker, users get essential reports and technical trading calls within the trading application. There is a regular report known ‘Market Mantra‘ and a weekly report called ‘Weekly Wrap‘ for detailed analysis and ‘IIFL Calls‘ for quick intra-day tips.
• Option to add AMO (After Market Order) i.e. users can place an order after market hours and get them processed the next business day of the stock market.
• Users are permitted to define alerts and notifications based on their favorites by just adding the scrip name, set the price condition and conforming message they want to put in. Once the condition is met in the live market, notification is sent to them.
• Access to LIVE TV with inbuilt integration with ET Now.
• For high-level security, there is a LOCK feature that gets activated on its own in case of continuous idleness for 10 minutes on the terminal. This feature disables trading feature while other features stay available.
• The application enables users to transfer funds to and from their trading account using multiple options.
• There are some order-based features like checking order status, single-click based multiple order cancellation, open positions getting squared off, exporting order reports and so on.

Disadvantages of IIFL Trader Terminal

Although the application is quite easy and effective, users have noticed some concerns like:

• The terminal software is not available for iOS users and is only restricted for use only to Windows users.
• If you wish to trade in future and options (F&Os) segment, you’re supposed to make a written request along with income proofs for terminal activation.

User Experience: Using the IIFL Trader Terminal for Active Trading

After reading about the IIFL Trader Terminal, I got a much better understanding of how this desktop-based trading platform works and why many professional traders prefer using it. Unlike browser-based or mobile trading apps, the IIFL Trader Terminal is a downloadable desktop software, which is specifically designed for high-frequency traders and intraday traders who require faster execution and advanced analytical tools.

One of the biggest advantages of this platform is the speed and performance it offers. Since the software runs directly on the computer rather than through a web browser, order placement and execution are generally faster. For traders who make multiple trades during market hours, this can make a significant difference in capturing profitable opportunities.

Another feature that stands out is the live market data and streaming quotes. The platform provides detailed information such as market depth, best bid and ask prices, open interest, average traded price (ATP), and daily price range (DPR). This level of detail helps traders analyze market trends and make more informed trading decisions.

The single-click order placement with shortcut keys also improves the overall user experience. Active traders often rely on speed, and the ability to place orders instantly using shortcut keys can save valuable time during volatile market conditions.

The platform also includes several technical analysis tools, which are very useful for traders who depend on charts and indicators. The terminal supports multiple chart types such as candlestick, line charts, and OHLC charts, along with historical data and technical indicators. These features allow traders to analyze price movements and identify trading opportunities based on technical patterns.

Another aspect that enhances the user experience is the built-in market analyzer. This feature provides quick insights into top gainers, top losers, 52-week highs and lows, and overall market activity, making it easier for traders to track market movements.

One feature that many traders appreciate is the integration of research reports and trading tips within the platform. As IIFL is a full-service broker, users can access reports like Market Mantra, Weekly Wrap, and intraday trading calls directly within the trading terminal. This can help traders stay updated with market trends and expert insights.

The platform also provides security features such as two-step authentication and an automatic lock function after inactivity, ensuring that trading accounts remain protected.

However, the review also points out a few limitations. The biggest drawback is that the IIFL Trader Terminal is only available for Windows operating systems, which means users cannot access it on macOS or iOS devices. Additionally, enabling trading in Futures & Options (F&O) requires submitting additional documents and income proof, which may slightly slow down the onboarding process.

Overall, the IIFL Trader Terminal is a powerful desktop trading platform designed for serious traders who need speed, technical analysis tools, and research support. While beginners may initially find the interface slightly complex, with time they can adapt to the platform and take advantage of its advanced trading features.

In conclusion, this trading terminal provides fast execution, real-time data, advanced charting tools, and research insights, making it a strong choice for traders who prefer professional-grade desktop trading platforms.

FAQs – IIFL Trader Terminal Review