Can I trade currency derivatives in BSE at FYERS?
Due to the latest regulatory guidelines, trading in the BSE currency derivatives segment has been temporarily restricted on FYERS platforms. As per RBI’s circular (effective from 5th April 2024), currency futures and options have been placed in square-off mode to ensure compliance with FEMA and safeguard client interests.
What is it?
Currency derivatives are contracts that allow traders to hedge or speculate on exchange rate movements. These contracts are typically offered across NSE and BSE exchanges. At FYERS, both exchanges were previously supported for such trades.
How does it work at FYERS?
As of now, the BSE and NSE currency derivative segments are in square-off only mode. This means:
- New positions in currency futures and options cannot be initiated.
- Clients holding open positions are permitted to square them off.
- This applies across all FYERS platforms (Web, App, and FYERS Next).
What If...
| Scenario | Explanation |
|---|
| I try to place a new BSE currency derivatives order | It will be rejected. New trades in the segment are currently blocked. |
| I have existing open positions | You can only square off existing positions. No carry-forward is allowed. |
| I need updates on this restriction | All regulatory updates are shared on the FYERS Notice Board. |
Last updated: 30 Jun 2025
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