To win the FYERS 30 Day Challenge, do I need to be in gross profits or net profits?
To win the FYERS 30 Day Challenge, kindly keep in mind that you will have to be in net profits of ₹3,000 after accounting for brokerage charges and all the transaction costs.
If you are in gross profits but a net loss, you will not be considered a winner and hence, a brokerage refund cannot be availed. The rules are pretty straightforward. For more details, refer to 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.
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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 ...
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 ...
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 ...
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 ...