Why Income Proof is Essential for F&O Trading at FYERS

Why is income proof necessary for F&O trading?

When trading futures and options (F&O) in any segment, it's imperative, as per exchange norms, to provide evidence of your income. This stems from the understanding that F&O is a leveraged derivative product. It's not best suited for individuals with limited resources or a low-risk appetite. We, at FYERS, align with these exchange guidelines to ensure our customers have the adequate financial standing for trading such high-risk products.

To validate your financial condition, here's a list of documents you can submit:
  1. Income Tax Return (ITR): A copy of the ITR you've filed with the Income Tax Department.
  2. Holdings statement: Your most recent holdings statement if you have a Demat account with any brokerage.
  3. Bank account statement: A statement from your current bank showing income activity over the last six months.

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