How to place a Cover Order in FYERS?

How to place a Cover Order in FYERS?

A Cover Order (CO) is an Intraday-only order that combines an entry order (Market or Limit) with a compulsory stop-loss. It provides higher leverage while ensuring risk control through a mandatory stop-loss. COs are available only in Intraday mode on both FYERS App and Web.

On FYERS App

  • Log in to the FYERS App.
  • Search for the stock and tap Buy or Sell.
  • Select Intraday as the Product Type.
  • Tap Show Advanced and choose Cover under Order Type.
  • Select entry type: Market or Limit.
  • Enter the Quantity or Amount.
  • Set the mandatory Stop-Loss Trigger Price within allowed range.
  • (Optional) Configure Disclosed Quantity or Order Tag.
  • Review margin and charges, then tap Buy [Qty] or Sell [Qty].

On FYERS Web

  • Go to fyers.in/web and log in.
  • Click Buy or Sell on the stock.
  • Select Intraday as the Product Type.
  • Choose Cover under Order Type (Reg / Cover / Bracket).
  • Select entry type: Market or Limit.
  • Enter the Quantity or Amount.
  • Set the Stop-Loss Trigger Price within the allowed band.
  • (Optional) Expand Advanced to add Disclosed Quantity or Order Tag.
  • Click Buy or Sell to confirm the order.

On FYERS Trader (trade.fyers.in)

  • Log in at trade.fyers.in.
  • From the chart or order panel, click Buy or Sell.
  • Check the CO box.
  • Choose entry type: Market or Limit.
  • Enter Quantity or Amount.
  • Set the Stop-Loss Trigger Price.
  • Click Buy [Qty] or Sell [Qty].
  • Modify the SL directly on the chart by drag & drop. Close position using the x button.

What if…

ScenarioWhat to check
CO option not visibleAvailable only in Intraday mode. Switch product type.
Stop-loss trigger not acceptedEnsure SL is within the permitted range from current market price.
Only Market and Limit order types are allowed for Cover Orders. Trigger-based CO is not supported. Cover Orders are not available in the Options segment due to regulatory restrictions.

Last updated: 05 Sep 2025

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