FAQs

FAQs in English FAQs in Hindi

Trader Multiple

• 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 stocks/index at only 50% of required margin, with maximum SL range 2.5% i.e It allows you to take 25 times exposure i.e. 4% margin on Index Future (Nifty, Bank Nifty, Sensex).
  • In the Currency Segment, For USDINR contracts it allows you to take position at only 50% margin (1.19%) whereas the exchange requirement is (2.38%), with Maximum SL range of .85%
  • It also allows NSE stock futures of Sensex 30 scrips with 50% of exchange margin, with maximum SL range of 3%.

  Advantages
  This product enables you the flexibility to take positions in certain scrips/stocks and putting a Limit profit Order and also stop loss order at the same time, thus enabling you to minimize your loss in case of unfavourable market conditions. IIFL reserves the right to change the list of stocks and availability of margin, without prior notice based on the market conditions.

• Which segment of clients can avail this facility?

  This facility is available only for Online Trading customers and offline clients subject to necessary documents received by India Infoline Ltd (IIFL)

• Which segment can I Place the orders in?

  Trade multiple Orders can be placed in NSE Currency Futures, NSE/BSE Cash & NSE Futures segment.

• Which exchanges can I place Trader Multiple orders?

  Trader multiple orders can be placed only on NSE Currency Future, NSE/BSE Cash & NSE Futures segment.

• 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.

• What would be the brokerage payable under Trader Multiple product?

  The brokerage charged for Trader Multiple orders will be same as normal brokerages charged

• Can I convert the Trader Multiple positions to delivery or intraday product?

  No, There are no product conversions allowed for this product

• What is the time that I can place Trader Multiple orders?

  The Trader Multiple orders can be placed only during market hours. For example
  

  1. 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.
  2. NSE Currency Futures: from 9.00 a.m. till 4.45 p.m. All Trader Multiple orders have to be squared off by 4.45 p.m.

• 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 Stop Loss Order?

  The order which covers your loss against the fresh order placed by you. For example, if the fresh order is a buy order then the cover will be a sell order. The cover order has to be a stoploss order. The cover order will benefit you in capping your losses in case of unfavorable market conditions

• How do I place an order for a selected scrip using Trader Multiple?

  1. Login in to your trading platform entering existing login id and password
  2. Click on Trader Multiple Order on the market menu
  3. Accept the terms and conditions to activate the Trader Multiple product
  4. Select the Exchange, scrip and Buy/sell option
  5. Put the desired qty based on the margin available and place the order. The orders in Trader Multiple are placed at market price by default.

• 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

• What happens to the Stop loss order if the Trader multiple order gets executed first?

  The stop loss order will get cancelled automatically.

• What happens to the Trader Multiple order if the stop loss order gets executed first?

  The trader multiple order will get cancelled automatically.

• 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

• 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 EX
  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 order to sell the 500 shares with a trigger price of Rs 980/-. One can modify the Stop loss order's trigger price to Rs 980 but not any value below 970/-
  Case 2:
  Case 1: If you had placed an order to Sell 500 shares of Reliance Industries at Rs 1000/-, the system would have placed a Stop Loss order to buy the 500 shares with a trigger price of Rs 1030/-. One can modify the Stop loss order's trigger price to Rs 1020 but not any value above 1030/-

• 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.