Trade BSE Index and Currency Derivatives on FYERS

Can I Trade in Derivatives on BSE in FYERS?

At FYERS, we provide access to selected BSE derivative products such as index-based futures and options. However, due to regulatory guidelines, some derivative segments — like BSE currency derivatives — are temporarily restricted for fresh trading activity. Here’s a detailed breakdown of what’s currently available and what’s not.

BSE Index Derivatives

FYERS supports trading in BSE’s primary index derivative products — SENSEX and BANKEX futures and options — which allow traders to take directional or hedged positions on India’s benchmark indices.

What’s available:

  • You can trade in SENSEX and BANKEX futures and options.

Order types and restrictions:

  • Market orders are not permitted in SENSEX and BANKEX options contracts.
  • Only limit orders are allowed to ensure better control in low-volume contracts.
  • BSE Stock F&O and SENSEX50 index contracts are not enabled on FYERS due to limited liquidity.

BSE Currency Derivatives (BCD Segment)

As per RBI’s circular dated 5th January 2024 (effective from 5th April 2024), trading in exchange-traded currency derivatives — including BSE’s BCD and NSE’s currency segments — has been placed in square-off only mode to ensure compliance with FEMA and safeguard client interests.

What this means for you:

  • New positions in currency futures and options cannot be initiated on BSE or NSE.
  • Clients with open positions can only square them off; carry-forward is not permitted.
  • This applies across all FYERS platforms — Web, App, and FYERS Next.

For official updates, visit our notice: Currency Derivatives Segment in Square-Off Mode.

Important: This restriction applies across all brokers and exchanges, not just FYERS. We’ll notify clients through the FYERS Notice Board once new currency derivative positions are permitted again.

Alternatives

  • You can continue trading in SENSEX and BANKEX derivative contracts on BSE.
  • For active derivatives trading, you can use NSE Equity F&O and Commodity Derivatives (MCX) on FYERS, which remain fully operational.

What If...

ScenarioExplanation
I try to place a market order in SENSEX optionsIt will be rejected. Use a limit order instead.
I can’t find a specific BSE derivative contractThe contract may not be available due to liquidity or regulatory restrictions.
I try to place a new BSE currency derivative orderIt will be rejected. New trades in the segment are currently blocked as per RBI/FEMA compliance.
I have open currency derivative positionsYou can only square them off before expiry; no new positions can be added.
I want updates about segment reactivationAll updates will be shared on our Notice Board.
Tip: Always verify liquidity and allowed order types before placing orders in BSE derivatives. Limit orders provide better control in low-volume contracts like SENSEX and BANKEX options.

Last updated: 07 Nov 2025