If IIFL doesn’t allow intraday trading in a script, can I trade it personally through another broker?
No, as an AP (Authorised Person), you are not permitted to hold trading or demat accounts with any other broker. All personal and client-related trading activities must be conducted through IIFL only, in accordance with regulatory and internal compliance policies.
Related Articles
Why can’t an AP have a demat account with another broker?
This restriction is based on a regulatory requirement stated in the Exchange circular issued in August 2024 (point no. 17). As per this circular, APs must maintain their demat accounts only with the broker they are registered with in this case, IIFL ...
Is it allowed for an AP to be an employee of another trading member?
No, as per Byelaw 33 of NSE regarding Sharing of Brokerage, a broker cannot share brokerage with any other trading member or employee of another trading member. Therefore, an AP cannot be employed by a different broker.
Client Karvy Demat Account is moved to IIFL how and when he can start trading?
You would be required to activate a trading account of client in a very simple process. 1) First, kindly check this client lead is mapped under your code. If lead is not mapped under your code then kindly mail to oi@iifl.in along with client details ...
What other restrictions are kept on IIFL trading platform?
For the safety of clients and to avoid liquidity concern, manipulated prices, punching errors, IIFL has restricted some trading patterns on TT. However in exceptional circumstances client may be allowed trade in such scrip’s / contracts through ...
What is Broker Margin Funding ?
Broker Margin Funding (BMFD) is a product which will allow you to take leverage positions in capital markets segment to purchase securities with the help of amount borrowed from IIFL against securities purchased.