IIFL Securities Mobile App Review
IIFL Securities Track Record Of Best Online Stock Broker In India
IIFL Securities Mobile App Review
IIFL Securities is a part of IIFL Group and was incorporated in 1995. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial service provider in that provides a broad range of services. It is the highly recognised brand for the quality of advice, personalized service and the usage of cutting-edge technology.
The full-service stock broker provides an online trading and research-based advisory services for the complete range of financial products that includes Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc.
The full-service broker has a broad network across India. Its branches are spread across all the major cities and states. It is very famous among the retail investors and the traders for their personalized services by taking the help of Relationship Manager and the branches.
The Unique Offering of IIFL is the Equity or Commodity Broker and Research. It was initially introduced as the retail broking firm and launched its 5paisa trading solution or platform. Its 5paisa firm provided the discount brokerage charges in the stock broking industry and also has given freedom to make the transactions by several traditional ways.
IIFL Mobile App
The IIFL Securities provide two mobile applications to its customers such as IIFL Markets and IIFL MF to its customers for the trading and investment. IIFL Market is a complete solution for all the trading needs of a customer. The IIFL MF allows the customers to make investment and track their mutual fund investments at the finger tips.
IIFL Market Review
This application is one of the best products of IIFL and serves excellent services to its customers. The IIFL has been awarded with five different awards for the services they offer in a user-friendly manner. This allows the faster trading and provides an online access to its customers to the Equity, Derivatives, Currency and Commodity markets at NSE, BSE and NCDEX Exchanges.
The application can work with both the Android and iOS- based smartphones. The majority of IIFL Securities trading volumes comes from this application. It is available for free to all the IIFL Securities customers with the other popular trading platforms to include in the trading websites and the installable trading terminal. Same backend works in all the three trading platforms so that the customers can switch in-between at any time.
Features of the IIFL Market Mobile Application
1. IIFL Market allows trading in Equities, Commodity, Currency and Derivatives.
2. It is a single platform that provides access to NSE, BSE, MCX and NCDEX.
3. Customers can apply for IPOs through this application.
4. It allows the creation of customized market watchlist.
5. It provides the detail dashboard for the indices, commodities and currencies.
6. It provides secure trading with MPIN based login.
7. It provides the free guest user login.
8. It has various advanced charts with the facility to draw, study and analyse.
9. There are price alerts and notifications on the latest news and IIFL ideas.
10. It provides free access to the research reports and trading tips.
11. It has a one tap customer support.
IIFL Market Mobile App
IIFL Mobile Trading application supports and works seamlessly on both the google android smartphones and Apple iOS devices available for the Android users, iPhone users and iPad users.
Benefits of IIFL Market
It is a very user-friendly application that offers a broad range of benefits to its users:
1. It is a all in one solution to fulfil all the trading needs.
2. It provides the free access to research reports and helps them to make the right call on their investments.
3. It provides instant access to various Intraday charts and live indices.
4. It provides the faster and convenient trading at finger tips.
5. It can track order history with ease.
6. It provides the facility to cancel and modify the order.
7. It has a paperless IPO/OFS application.
What is missed in IIFL Markets Application?
It has multiple features that allows the users to trade and track their investments hassle-free. Some of the features that are missing are:
1. Back testing.
3. Market Depth.
Frequently Asked Questions
Yes, the clients can have two separate trading accounts based on NRE and NRO.
The Headquarters of IIFL are located in India.
The customer can simply submit the documents to their Relationship Manager and the documents must hold a stamp of “Verified with original” and need to have signature of RM or branch manager.
FEMA provisions provides permission to the Indian Companies to issue right or bonus shares to existing non-resident shareholders that is subjected to adherence to sectoral cap as may be applicable.
An entity contracted to keep up the record of the owners of the stocks and the bonds that are issued by the company.
• A Resident Indian Individual Account. • HUF Account. • Partnership Firm Account. • NRI Account. • Minor Account. • Corporate Account. • Trust Account.
The transfer of securities from the account in one depository to an account in the other depository is termed as an inter-depository transfer.
No, the NRIs are not allowed to make Intraday transactions. They can only trade on delivery basis. Short selling is not allowed.
Rohit Sharma is the brand ambassador of IIFL.
The customer can square off the stocks through Non-POA holding under the holdings section by selecting the stocks you are willing to sell and authorizing the same via T-Pin procedure.
HDFC Bank, Axis Bank, RBL Bank, Federal Bank, State Bank of Mauritius, Yes Bank and Kotak Bank
As SEBI regulates the Stock Market, Forward Markets Commission (FMC) regulates the commodity market.
IIFL sends DP transaction that includes holding, bill statement (monthly) to their registered mail Id.
A Demat and a trading account can be opened with IIFL Securities.
SEBI has assigned DPs in order to determine the value of holding on to the basis of the daily closing price or Net Asset Value of the securities or the units of mutual funds. If the value of your holdings exceeds by the slabs then the DPs are permitted to change the same as they charge non-BSDA regular demat accounts.
Any transaction that involves delivery of securities to a clearing corporation or clearing house for sale of securities done on the stock exchange platform is termed as “On Market Transaction”.
IIFL POA form is signed for the limited purpose. It allows IIFL to perform limited activities in the demat account of a client like the debit of shares from the account. IIFL asks its customers about the Power of Attorney (POA).
CM BP ID stands for Clearing Member Business Partner Id.
You can simply contact the RTA of the company.
An individual needs to submit dematerialization request by sending a duly filled dematerialization request form to the DP along with the certificates of securities to be dematerialized.
The Securities that are held in the depository account can be pledged in order to avail the loan or credit facility. Pledge of Securities in CDSL/NSDL depository requires both the borrower and the lender to have an account within a same depository either in NSDL or CDSL.
The customers will receive SMS on the registered mobile number and a welcome mail on the registered mail id. He will also receive a welcome letter along with the welcome kit on the registered address. Further, the customers will receive the password on the registered mobile number.
IIFL Securities is among the best brokers in terms of its trading platform like IIFL Markets Mobile app, best research and advisory, complete investment option and the personalized PMS.
Your Relationship Manager will contact you in case there is any kind of rejection.
A minor can be nominated if he submits an Id proof and address of the guardian of the minor nominee shall be provided by the beneficial owner along with the birth certificate of minor.