Trader Multiple
Can I cancel the Trader Multiple order?
You cannot cancel the Trader Multiple order. All Trader Multiple orders will be automatically squared off as a market order by 3.15, in case you do not square it yourself or if the Stop loss price is not achieved.
Can I modify the details of the Stop Loss order?
Yes, you can modify the details of the Stop Loss Limit Price and Stop loss trigger Price. For Example:- Case 1: If you had placed an order to buy 500 shares of Reliance Industries at Rs 1000/-(Market price), the system would have placed a Stop Loss ...
Can I modify the Trader Multiple after placing the initial order?
Yes, you can modify the Trader Multiple order and capitalize on positive market movements. Please note: You cannot modify the quantity of shares in Stop Loss order.
What happens to the Trader Multiple order if the stop loss order gets executed first?
The trader multiple order will get cancelled automatically.
What happens to the Stop loss order if the Trader multiple order gets executed first?
The stop loss order will get cancelled automatically.
How do I check the status of order in case the order is placed through Trader Multiple?
The status of the order can be checked in the order book.
How do I place an order for a selected script using Trader Multiple?
Login in to your trading platform entering existing login id and password Click on Trader Multiple Order on the market menu Accept the terms and conditions to activate the Trader Multiple product Select the Exchange, scrip and Buy/sell option Put the ...
What is a primary order?
The order that is placed to create a position is called primary/fresh order. These orders are all market orders.
What is the timings to place Trader Multiple orders?
The Trader Multiple orders can be placed only during market hours. For example:- NSE/BSE Cash & Futures: from 9.15 a.m. till 3.15 p.m. All Trader Multiple orders have to be squared off by 3.15 p.m. NSE Currency Futures: from 9.00 a.m. till 4.45 p.m. ...
Can I convert the Trader Multiple positions to delivery or intraday product?
No, There are no product conversions allowed for this product.
What would be the brokerage payable under Trader Multiple product?
The brokerage charged for Trader Multiple orders will be same as normal brokerages charged
Which stocks are allowed under Trader Multiple product?
Currently Specific stocks in the Nifty Basket and BSE Sensex are allowed in the Trader Multiple product. The list is available on website. However, IIFL reserves the right to change the above list without prior notice.
In which exchanges can I place the Trader Multiple orders?
Trader multiple orders can be placed only on NSE Currency Future, NSE/BSE Cash & NSE Futures segment.
Which segment can I place the order in?
Trade multiple Orders can be placed in NSE Currency Futures, NSE/BSE Cash & NSE Futures segment.
Which segment of clients can avail the Trader Multiple facility?
This facility is available only for Online Trading customers and offline clients subject to necessary documents received by IIFL Capital Services Ltd.
What is Trader Multiple?
Trader Multiple is a product that allows you to take 15 times exposure on the available margin on certain approved scrips(NIFTY 50 Stocks) for intra-day, with maximum SL range of 3% It allows you to take intra-day position on certain Future ...