Why is income proof required for F&O trading at FYERS?
Futures & Options (F&O) trading involves leveraged positions and higher financial risk. FYERS requires clients to submit income proof before enabling F&O access, as mandated by SEBI and exchange regulations. This ensures that traders have the financial capacity to handle market volatility.
Income verification is mandatory for F&O access
F&O instruments are derivatives that allow margin-based trading—buying and selling contracts without fully owning the underlying assets. Due to the amplified risk, SEBI requires brokers to verify whether a client is financially capable of participating in these segments.
At FYERS, income proof must be submitted and approved before F&O is enabled on your account. This verification step protects traders from excessive exposure and maintains system-level compliance.
Accepted documents for income verification
You can submit any one of the following:
- Income Tax Return (ITR)
A copy of your most recent filed return - Demat holdings statement
A current statement showing active holdings, from FYERS or another broker - 6-month bank account statement
Must show income inflows or transaction activity under your name
What if…
| Scenario | What you should know |
|---|
| You're a student or have no income documents | You won’t be permitted to trade in F&O. Equity trading remains available. |
| Your income is below the exchange threshold | F&O access may be declined unless you show substantial holdings or alternative proof. |
| You submitted documents but haven’t been enabled yet | F&O activation typically takes 24 business hours. Contact our support if delayed. |
Ensure your documents are clearly legible, display your full name, and reflect income or holdings. Password-protected PDFs should include the access code while uploading.
Last updated: 14 Aug 2025
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