IIFL Securities API (Algo Trading) Review

IIFL Securities offers a set of REST APIs at zero cost to its customers. IIFL Trading APIs enable customers to create their own trading platform, tools, or widgets to enjoy a personalized trading experience.

IIFL Trading APIs assist real-time order execution and portfolio management and provides access to live market prices and historical data. IIFL securities API provides Postman collection (an API tool that helps build, test, and modify APIs) and is compatible with eight different languages - Python, NodeJS, Java, Rust, GoLang, C#, PHP, and .Net. It also maintains example codes for each of them on IIFL Securities GitHub.

Refer to IIFL Securities API Documentation for more details.

IIFL Securities API Benefits

• Free of Cost APIs.
• Assists in building a completely customized trading and investment platform.
• Compatible with multiple languages.
• Easy, Secure, and flexible to use.
• Easy to grasp and detailed documentation available.

IIFL API Cost

IIFL does not charge any fees for its APIs. All APIs offered by IIFL is free of cost for IIFL Securities customers.

IIFL API login

You need to have an active trading account with IIFL Securities to access IIFL APIs. IIFL API allows to create login for yourself, your client or partner. If you do not have an account with IIFL, click here to open an account with the broker instantly and avail free API services.

You require to generate IIFL API keys to start using the IIFL Trading APIs.

Steps to generate IIFL API keys:

• Login to your IIFL Securities account.
• Go to My Account tab and click on "Profile"
• Click on "My Details".
• Go to the Equity tab and click on the "Trading API" available under Trading Preferences.
• Click on "Generate" option to generate API keys.

Note: The API Keys once generated will be listed on the Trading API page for a period of 6 months, post which they will be regenerated for security reasons.

IIFL API Limit

IIFL API Rate limit is standard for all its trading APIs at 60 requests/minute.

If you want to increase the rate limit cap, you can write to apisupport.broking@iifl.com for assistance.

Types of IIFL API

IIFL Securities offer APIs for trading, market feeds, and fetching historical data.

1. IIFL APIs for Trading

   IIFL Securities offer Open APIs that facilitate end-to-end trading functionality. IIFL Trading API assists login, order placement, cancellation, modification, portfolio management, access to Tradebook, Orderbook, holdings, DP holdings, ledger, and transactions information.

2. IIFL Scrip Master API

   IIFL Scrip Master API helps fetch the scrip details of all the Equity, Derivates and Commodities stocks across NSE, BSE, MCX and NCDEX.

   The scrip master gets extracted in a CSV dump that can be imported to a database.

3. IIFL Market Feed API

   IIFL Market Feed API helps fetch the market feed of a particular scrip or a set of scrips that includes the scrip name, last traded price, total quantity, High Price, Low Price, and previous close price.

4. IIFL Historical Data API

   IIFL Historical data helps fetch the data for any time duration from the past. However, the maximum permissible interval size per API call is set to six months. The Historical data API provides OHLC (open, high, low and close rates) and volume data along with timestamps for the requested scrip codes.

   The historical candle data is available in several time intervals like 1 minute, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 60 minutes and daily.

   The historical data is imperative for backtesting as it helps to deploy trading strategy that can give correct trading signals.

IIFL API Example

You can use IIFL API for building your customized trading platform. You can also go through historical and real-time market data to formulate the right market strategy.

Example: You want to buy the bulk of a stock when the market prices are low. Doing this manually is very challenging as you will have to monitor live market data that keeps changing every second. However, with IIFL APIs, you can provide a set of conditions to buy this stock when it hits your desired price. When the given price conditions get fulfilled, the order gets executed automatically.

IIFL API support

IIFL provides email support for any API-related queries and guidance.

IIFL API Support Email ID: apisupport.broking@iifl.com

You can also visit IIFL Securities GitHub, wherein you can raise your issues or go through the previous discussion and issues to seek more information on the IIFL Trading APIs. IIFL also maintains the example codes in different languages for easy assistance.

Conclusion

IIFL Securities APIs are available for all IIFL registered customers free of cost. IIFL Trading APIs boost your trading experience and bring efficiency to your trading operations. IIFL APIs help in order placement, modification, cancellation, view market depth, calculating margins, access to live quotes, and much more. It also assists in trading strategy formulation with the help of historical data.

Frequently Asked Questions

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Information on this page was last updated on Saturday, May 14, 2022