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 period to avail the brokerage refund. For more details, you can read this post. If you need further clarifications, you can reach out to us in the comments section of the blog post. Important Update: We regret to inform you that the 30-Day Challenge has been discontinued until further notice. For more details, refer here.
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 ...
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 ...
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 ...
What is the FYERS 30 Day Challenge, and why was it discontinued?
To encourage discipline among traders, we introduced FYERS 30 Day Challenge. Essentially, if you are in net profits for a period of 30 trading days, the brokerage charges incurred during the period will be refunded up to a limit of ₹10,000 per ...
Why does my 30 Day Challenge dashboard show “Yet to be computed”?
The computation for the FYERS 30 Day Challenge is done on a monthly basis; therefore, brokerage refunds to the winners will be processed on or before 10th of every month, until then 30 Day Challenge dashboard will show yet to be computed. Due to the ...