Understanding Custodial Participant for NRI Trading with FYERS

Who is a custodial participant and how does it relate to NRI trading with FYERS?

Custodial Participant (CP) refers to a clearing corporation member who validates trades on behalf of a client to the exchange. For Non-Resident Indians (NRIs), trading in Equity derivatives mandates having an account with a Custodial Participant and obtaining a CP code. Nonetheless, at FYERS, NRIs have the advantage of trading in both Equity Delivery and Futures & Options (F&O) segments with the establishment of an NRI Non-PIS Account (refer to this article).

For the clearing of F&O trades for NRI clients, We are tied up with Orbis Financial Corporation Limited, which acts as the custodian.

Begin the process of opening your NRI account by submitting your details here.

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