Am I eligible for the 30 Day challenge brokerage refund if I am using the Trading APIs in FYERS?
No, You’ll not be eligible for the 30 Day Challenge brokerage refund if you are using the Trading APIs. 30 Day challenge is a psychological reward system to incentivize the traders for their discipline in trading and API is a program based trading system where human intervention is scarce. Hence, it is not considered for the 30 Day Challenge. However, upon winning the FYERS 30 Day Challenge, we will send you a certificate of recognition to your registered e-mail ID for trading profitably during the period.
You can check out this blog for more information.
Important Update: We regret to inform you that the 30-Day Challenge has been discontinued until further notice. For more details, refer here.
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Will I be eligible for the 30 Day challenge refund if I grant the one-time permission for using the new back office (My Account Portal)?
Yes, You will be eligible for the brokerage refund! Granting one-time API permissions for the My Account portal, IPO portal, Create alerts, etc., are differentiated from our Trading APIs. You’ll not be eligible for the brokerage refund only in case ...
How much time will it take to refund the brokerage after winning FYERS 30 Day Challenge?
The computation for the FYERS 30 Day Challenge is done on a monthly basis; therefore, brokerage refund to the winners will be processed on or before 10th of every month. Due to the increasing participation of the challenge, it could get delayed by a ...
Do I have to be profitable every day in the FYERS 30 Day challenge to get a brokerage refund?
No! You don’t have to be profitable for every single day, but you should be profitable at the end of the 30 Day Challenge period after accounting all the transaction costs. In other words, on a net basis, you should be profitable for the challenge ...
Do I have to trade for the entire 30 Day challenge period in order to be eligible for the brokerage refunds?
No, you will be eligible for the brokerage refund even if you trade for a day during the 30 Day challenge and are profitable. However, you need to make a minimum profit of ₹3000 to be eligible for the brokerage refund and the badge of honour (refer ...
Is there any limit or upper cap on the brokerage refund to 30 Day Challenge winners?
Yes! There is an upper cap of ₹10,000 (refer to this notice) on the brokerage refund for the 30 Day Challenge. The entire brokerage that has been levied during the challenge period will be refunded to the winners up to ₹10,000. Important Update: We ...