Can NRIs trade in F&O with FYERS? What are the activation and charges?

Can NRIs trade in F&O with FYERS? What are the activation and charges?

NRIs (Non-Resident Indians) can trade in Equity Futures & Options (F&O) at FYERS using an NRO Non-PIS account with a Custodial Participant (CP) code. This setup is compliant with FEMA/RBI/SEBI norms and also supports equity delivery trading from the same account.

Requirements for NRI F&O trading

The following requirements must be in place before F&O orders can be placed.

RequirementDescription
Account typeMust hold an NRO Non-PIS account (NRE/PIS routes are not eligible for F&O).
Custodian setupRequires a CP code; facilitated through Orbis Financial.
Trading accessAccess to NSE-listed equity F&O contracts via FYERS platforms.
Segregated fundsMaintain separate allocations for delivery-based equity and F&O trades.

Activation timelines

F&O enablement depends on your current KYC status. Equity delivery is enabled earlier.

KYC statusApproximate F&O activation time
Marked as 'Non-resident'7–10 working days
Marked as 'Resident'15–30 working days (requires status update & re-verification)

Note: Equity delivery trading is typically enabled within 3 working days of account opening, while F&O activation proceeds in parallel.

Charges for NRI F&O trading

Brokerage and custodian clearing charges applicable to NRI F&O trades at FYERS.

Charge typeDetails
Brokerage fee₹50 per executed order (Futures & Options)
Futures clearing charges₹150 per crore traded (monthly; charged by Orbis Financial)
Options clearing charges₹1500 per crore traded (monthly; charged by Orbis Financial)

These fees are in addition to statutory charges such as STT, GST, exchange fees, and SEBI charges.

PIS accounts are not eligible for F&O. To trade F&O, NRIs must use an NRO Non-PIS account with a valid CP code.

What if…

ScenarioWhat you should know
Only an NRE account is availableF&O is not permitted; open an NRO Non-PIS account and obtain a CP code.
Existing NRO accountFYERS can verify your setup and coordinate with the custodian for F&O enablement.
Unsure of KYC statusCheck via the KRA portal or contact FYERS support for assistance.
Want to start trading immediatelyYou can begin with equity delivery trades while F&O activation is in progress.
No CP code yetFYERS will initiate CP code issuance with Orbis Financial once requested.
Considering other segmentsNRIs are not allowed in equity intraday, currency derivatives, or commodities as per regulations.

Last updated: 13 Aug 2025

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