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 offers additional leverage while controlling downside risk. COs are only available in Intraday mode across 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 the Order Type section.
- Select the entry order type: Market or Limit.
- Enter the Quantity or Amount.
- Set the mandatory Stop-Loss Trigger Price.
(Optional) Configure:
- Disclosed Quantity
- Order Tag
- Review the margin and charges displayed.
- Tap Buy [Qty] or Sell [Qty] to place the order.
On FYERS Web
What if...
| Scenario | What to check |
|---|
| Cover Order option not visible | Ensure you're in Intraday mode. CO is not available in Delivery or MTF. |
| SL Trigger not accepted | Your stop-loss may be outside the allowed range. Try adjusting closer to the market price. |
Only Market and Limit order types are allowed for Cover Orders. Trigger and Trigger Limit orders are not supported.
Cover Orders are not available in the Options segment due to regulatory restrictions.
Last updated: 26 Aug 2025
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