Be careful while placing SL order in IIFL

#1
Hi Friends,

SL order in IIFL is working as a market order if you are trading through their web page. This has been happening since 3 days. No action has been taken from their side to rectify this.
I lost yesterday due to this and when i called up my broker he was first not ready to accept if there is any such problem. But when others also called up he realized it and said it will take around 3 days to fix this :(.

Online brokers liks zerodha and RKG are better than IIFL in sorting out technical problem and they charge less brokerage also.IIFL is pathetic.:mad:

Thought of sharing this problem to fellow traders as it may help them.

PS - If you are using TT then there is no problem. TT is working without any issue.

Thanks
 

Reggie

Well-Known Member
#2
I had used SL order today in F&O, and it got executed as per the trigger. Thanks for your post though.

Hi Friends,

SL order in IIFL is working as a market order if you are trading through their web page. This has been happening since 3 days. No action has been taken from their side to rectify this.
I lost yesterday due to this and when i called up my broker he was first not ready to accept if there is any such problem. But when others also called up he realized it and said it will take around 3 days to fix this :(.

Online brokers liks zerodha and RKG are better than IIFL in sorting out technical problem and they charge less brokerage also.IIFL is pathetic.:mad:

Thought of sharing this problem to fellow traders as it may help them.

PS - If you are using TT then there is no problem. TT is working without any issue.

Thanks
 
#3
I had used SL order today in F&O, and it got executed as per the trigger. Thanks for your post though.
Hi Reggie,

Are you using web page for trading. I know Trader terminal does not have this problem.

Me and my friend who is trading using web page is facing this problem. Even my broker has also confirmed that there is some problem.

Incase you are using web page and not facing any problem then i assume issues is not for everyone.

Thanks
 

Reggie

Well-Known Member
#4
That explains it.... No, I don't use webpage, only TT.


Hi Reggie,

Are you using web page for trading. I know Trader terminal does not have this problem.

Me and my friend who is trading using web page is facing this problem. Even my broker has also confirmed that there is some problem.

Incase you are using web page and not facing any problem then i assume issues is not for everyone.

Thanks
 
#5
I am still not able to place SL order.. looks like this problem is going to be for ever.
I am thinking of closing my account and switching to some other broker may be zerodha.