How is the end date calculated for the FYERS 30 Day Challenge?
The FYERS 30 Day Challenge duration is based on the number of trading days; therefore, the end date will be calculated as the 30th trading day starting from the day you accepted the challenge. Please do not confuse 30 days with one calendar month because one month has approximately 20-22 trading days including weekends and trading holidays. For more information, you can check out this 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.
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 ...
How do I start a 30 Day Challenge in Fyers?
To encourage discipline and consistency among traders, we introduced FYERS 30 Day Challenge. The procedure to do that is as below: 1. Login to the New Back office (You’ll be automatically logged in if you’ve logged in to Fyers Web) and click on the ...
Will the profit or loss of the open positions be considered for the 30-Day Challenge?
No, the F&O position/s taken before the start of the challenge or during the challenge (but not closed during the challenge period) will not be considered for calculating the 30-Day Challenge P&L. For instance, Mr. Chandran had 4 open positions ...
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 ...
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 ...