What to do if I have trading accounts with other brokers apart from IIFL?
Don't worry! We support all major brokers. Just go ahead and upload
multiple tax P&L statements for all your brokers and we will compile them
for you to file your return.
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Do company directors need to trade only with IIFL if AP is under a company?
No, the requirement applies only to the company’s trading and demat accounts, which must be maintained with IIFL. The individual directors are not required to trade exclusively through IIFL or close their personal accounts with other brokers.
How many bank accounts client can link with IIFL trading account while account opening?
Client can link only 1 bank account while opening an trading account which will be updated in trading and demat account both. After opening an account, addition of the bank can be done. If you select 'add' the bank, it will be added into trading ...
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 ...
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 ...
How does KRA validation impacts trading for new and existing accounts?
All new accounts are opened with inactive status and trading rights are given to clients only post KRA is validated. For existing accounts – KRA, exchanges and depositories has frozen all existing accounts which are on hold/rejected KRA status. Such ...