IIFL

This page explains how to onboard an IIFL trading account on AutoTrader Web. There are three steps: generate API keys, set up TOTP, and add the account.

Important: If your account is on the XTS API, please speak to your relationship manager to shift it to ONT (also known as the new IIFL Markets API). The steps below apply to ONT accounts.

Demo video

Generate API keys

1. Go to https://developers.iiflcapital.com/
2. Login as Individual Trader
3. Click the Create App button
   • App Name: My retail app
   • Redirect URL: https://webx.stocksdeveloper.in/auth/iiflCopy
   • Static IP: See Static IP setup below

Set up TOTP

1. Go to https://markets.iiflcapital.com/
2. Login with your credentials. You will then be asked for an SMS OTP.
3. On this same screen, you will see an option called Register TOTP.
4. During TOTP registration, you will get an option called “Can’t Scan. Copy the key”.
5. We need this key, so save it.

A detailed document with screenshots is attached at the bottom of this page.

Add your account

1. Go to the AutoTrader Web menu Accounts -> Trading Accounts.
2. Click the Create button.
   1. Select Broker: IIFL
   2. Select Platform: IIFL_MARKETS_API_IPV6
   3. Add the following:
      • Login Id
      • Password
      • TOTP Key
      • API Key
      • API Secret (Click the 3 dots to open the API menu, then click View all details)
   4. Click the Validate button.
   5. Once you see a success message, click the Save button.

Static IP setup

The static IP setup is the same for every broker. Follow the full guide here:

Static IP setup — set up a static IP or bring your own (BYOIP)

References

• TOTP Registration Process Note (PDF)

Bracket and cover orders on IIFL

Whether IIFL offers a bracket or a cover order of its own — and in which segments — is set by the broker, and it can change. Many Indian brokers withdrew bracket orders in 2020 and never brought them back.

You can place one anyway. An AutoTrader bracket order (AT_BO) attaches a target and a stop-loss to your IIFL order, with an optional trailing stop that follows the price in your favour and never moves back. An AutoTrader cover order (AT_CO) is the same thing with a stop-loss only. Your entry reaches IIFL as an ordinary intraday order — the one thing every broker accepts — and AutoTrader Web watches the price and sends the closing order when your level is reached.

Place one from the order window, from your own code, or from a chart alert. It is intraday only, it does not give you the extra intraday margin some brokers give on their own bracket orders, and the position is squared off automatically a short while before the market closes.

Read the risk before you use it. A stop-loss decides when we try to exit — it does not decide the price you get. A sudden move can take the price straight past your level, so your loss can be larger than the stop-loss you set. The full explanation, and the one-time terms you agree to before your first one, are on Bracket & Cover Orders.