What is the maximum amount I can place per order in FYERS?

What is the maximum per order limit in FYERS?

At FYERS, the Maximum limit set is ₹6 crores per order. If you're trying to place an order beyond the prescribed limit, the order will be rejected and you'll get the below error:

"RED:RULE:{Single Order Value}Current:INR 8,11,01,000.00 Set:INR 6,00,00,000.00 for C-{Your Client ID} [FYERS_RISK_CUG]"

However, to avoid such scenarios you can place your desired order using 'Basket order' seamlessly. For instance, using the above error message, the order value is ₹8 crores can be split into 2 legs of ₹4 crores each and added to the basket.

For more information on how to place basket order, refer to this article.
    • Related Articles

    • Is there any limit to the number of orders placed via order slicing at FYERS?

      Yes, FYERS has set a limit on the number of orders that can be placed using order slicing, applicable to both initiating new positions and exiting open positions. The limit is set at a maximum of 100 orders, regardless of the freeze quantity for the ...
    • How do I place a GTT order on FYERS Web?

      To place a GTT order on FYERS Web, follow these steps: Single: You can place a GTT order to set a stop-loss or target price for your existing holdings/positions, or you can initiate a new position. Example: If you wish to place a Buy order for 1000 ...
    • What is a limit order?

      A limit order is a type of order to either buy or to sell a security at a specified price. The order will either get executed at the limit price mentioned by you at the time of order placement or would not get executed at all. If the price does not ...
    • What is a market order on FYERS and how does it work?

      A market order is an instruction you provide to your broker to buy or sell a security at the best available current market price. Prioritising immediate execution, this order type might not guarantee the exact transaction price. As the market ...
    • What is stop-limit or trigger-limit order?

      A stop-limit a.k.a trigger-limit order is a specialised conditional order that combines features of both stop and limit orders. It allows investors to set a specific price range for their trades: Stop/Trigger Price: This initiates the order once ...