What are Regular, Bracket, and Cover orders in FYERS?

What are Regular, Bracket, and Cover orders in FYERS?

At FYERS, we provide multiple order types to suit different trading styles and risk preferences. You can choose between Regular, Bracket, and Cover orders based on how you want to manage your entry, exit, and stop-loss in the market.

Types of order formats

Regular Order

This is the standard Buy or Sell order you can place as Market, Limit, or Trigger.

  • Available in Intraday, Overnight, and MTF product types.
  • No predefined stop-loss or target.
  • Used for standalone entry or exit orders.

Best suited for: Flexible trading and investing strategies without automation.

Bracket Order (BO)

Bracket Orders allow you to place an entry order along with a linked stop-loss and target. It’s an all-in-one setup where the system automatically cancels the other leg once one is executed.

  • Includes an entry, stop-loss, and target order.
  • Only available for Intraday trades.
  • Automatically exits the other leg when one is hit.

Best suited for: Intraday trades with fixed profit/loss levels.

Cover Order (CO)

Cover Orders are designed for fast execution with mandatory stop-loss protection. They offer higher leverage because of this built-in risk control.

  • Entry order (Market or Limit) must include a stop-loss.
  • No target leg — you need to exit manually.
  • Only valid during market hours in Intraday product.

Best suited for: Quick intraday trades requiring downside protection and more leverage.

Quick comparison table

FeatureRegularBracket (BO)Cover (CO)
Stop-lossOptionalRequiredRequired
TargetOptionalRequiredNot applicable
LeverageNormalHigherHigher
Order linkageStandaloneEntry + SL + TargetEntry + SL
Available inIntraday, Overnight, MTFIntraday onlyIntraday only
Warning: Bracket and Cover orders are disabled when the market is closed.

Last updated: 15 Jun 2025


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