Real-time Order Blocking Policy at FYERS

Why Does FYERS Block an Extra Amount on Real-time Orders?

At FYERS, our aim is to keep trading processes transparent and straightforward for our valued customers. When you initiate an order, we earmark a nominal sum from your balance to accommodate the brokerage charges for that specific transaction. This is enacted promptly upon order placement, offering you a clear picture of each trade's cost, ensuring there are no end-of-day surprises.

Previously, our system would sum up and charge the brokerage fees post trade settlements at day's end. However, we revamped this to heighten clarity and convenience.

For a practical example, if you're looking to both buy and sell a Nifty 50 call option (with a strike price of 19,300 and expiry on 24 Aug 2023) priced at ₹50 and ₹100 per share on a given day, the brokerage stands at ₹20 for each options trade.

Refer to the table below for a breakdown on margin details:
Order
Total Premium
Brokerage fee
Margin Utilized
Margin Released
Buy
₹2,500
₹20
₹2,520
-
Sell
₹5,000
₹20
₹20
₹4,960

Upon order placement, the total margin used from your accessible balance is ₹2,520 (₹2,500 + ₹20). After closing the position, ₹4,960 (₹5,000 - ₹40) is reimbursed to your account. Brokerage costs incurred are ₹40 (₹20 + ₹20), resulting in a trading profit of ₹2,460 (₹4,960 - ₹2,500).

For Futures and Equity, the blocked brokerage fee stands at the lesser of 0.03% or ₹20.

Note: This process accounts solely for brokerage expenses. Statutory and exchange charges will be applied post the end-of-day settlement. These might encompass:

  • Securities Transaction Tax (STT)

  • Exchange Transaction Charges

  • Goods and Services Tax (GST)

  • Stamp Duty

  • SEBI Turnover Fees

For an in-depth dive into these charges, we suggest visiting this link.

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