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…
| Scenario | What to check |
|---|
| CO option not visible | Available only in Intraday mode. Switch product type. |
| Stop-loss trigger not accepted | Ensure 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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