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 few days. If there is an inordinate delay, we will be publishing it on our Notice Board. For more information about the challenge, kindly read this post. Important Update: We regret to inform you that the 30-Day Challenge has been discontinued until further notice. For more details, refer here.
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 ...
Will I be eligible for the 30 Day challenge refund if I grant the one-time permission for using the new back office (My Account Portal)?
Yes, You will be eligible for the brokerage refund! Granting one-time API permissions for the My Account portal, IPO portal, Create alerts, etc., are differentiated from our Trading APIs. You’ll not be eligible for the brokerage refund only in case ...
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 ...
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 ...
Is there any limit on the number of times one can take the FYERS 30 Day Challenge?
You can begin the challenge at any time you want throughout the year without any restrictions. Also, you can take the 30 Day Challenge consecutively throughout the year. We have kept the ruleset very simple and straightforward. The aim is to help ...