FYERS 30 Day Challenge
Will the profit or loss of the open positions be considered for the 30-Day Challenge?
No, the F&O position/s taken before the start of the challenge or during the challenge (but not closed during the challenge period) will not be considered for calculating the 30-Day Challenge P&L. For instance, Mr. Chandran had 4 open positions ...
Will I be eligible for the 30 Day challenge refund if I grant the one-time permission for using the new back office (My Account Portal)?
Yes, You will be eligible for the brokerage refund! Granting one-time API permissions for the My Account portal, IPO portal, Create alerts, etc., are differentiated from our Trading APIs. You’ll not be eligible for the brokerage refund only in case ...
Do I have to trade for the entire 30 Day challenge period in order to be eligible for the brokerage refunds?
No, you will be eligible for the brokerage refund even if you trade for a day during the 30 Day challenge and are profitable. However, you need to make a minimum profit of ₹3000 to be eligible for the brokerage refund and the badge of honour (refer ...
Am I eligible for the 30 Day challenge brokerage refund if I am using the Trading APIs in FYERS?
No, You’ll not be eligible for the 30 Day Challenge brokerage refund if you are using the Trading APIs. 30 Day challenge is a psychological reward system to incentivize the traders for their discipline in trading and API is a program based trading ...
How do I start a 30 Day Challenge in Fyers?
To encourage discipline and consistency among traders, we introduced FYERS 30 Day Challenge. The procedure to do that is as below: 1. Login to the New Back office (You’ll be automatically logged in if you’ve logged in to Fyers Web) and click on the ...
Why does my 30 Day Challenge dashboard show “Yet to be computed”?
The computation for the FYERS 30 Day Challenge is done on a monthly basis; therefore, brokerage refunds to the winners will be processed on or before 10th of every month, until then 30 Day Challenge dashboard will show yet to be computed. Due to the ...
To win the FYERS 30 Day Challenge, do I need to be in gross profits or net profits?
To win the FYERS 30 Day Challenge, kindly keep in mind that you will have to be in net profits of ₹3,000 after accounting for brokerage charges and all the transaction costs. If you are in gross profits but a net loss, you will not be considered a ...
How is the end date calculated for the FYERS 30 Day Challenge?
The FYERS 30 Day Challenge duration is based on the number of trading days; therefore, the end date will be calculated as the 30th trading day starting from the day you accepted the challenge. Please do not confuse 30 days with one calendar month ...
In the FYERS 30 Day challenge, Can I cancel an existing challenge and start all over again?
No, as per the 30 Day Challenge rules you can’t restart or take new challenge until the duration of the earlier availed challenge is completed. This ensures fair play and helps you take the challenge more seriously. In our opinion, the ability to ...
How much time will it take to refund the brokerage after winning FYERS 30 Day Challenge?
The computation for the FYERS 30 Day Challenge is done on a monthly basis; therefore, brokerage refund to the winners will be processed on or before 10th of every month. Due to the increasing participation of the challenge, it could get delayed by a ...
Is there any limit on the number of times one can take the FYERS 30 Day Challenge?
You can begin the challenge at any time you want throughout the year without any restrictions. Also, you can take the 30 Day Challenge consecutively throughout the year. We have kept the ruleset very simple and straightforward. The aim is to help ...
Do I have to be profitable every day in the FYERS 30 Day challenge to get a brokerage refund?
No! You don’t have to be profitable for every single day, but you should be profitable at the end of the 30 Day Challenge period after accounting all the transaction costs. In other words, on a net basis, you should be profitable for the challenge ...
Is there any limit or upper cap on the brokerage refund to 30 Day Challenge winners?
Yes! There is an upper cap of ₹10,000 (refer to this notice) on the brokerage refund for the 30 Day Challenge. The entire brokerage that has been levied during the challenge period will be refunded to the winners up to ₹10,000. Important Update: We ...
What is the FYERS 30 Day Challenge, and why was it discontinued?
To encourage discipline among traders, we introduced FYERS 30 Day Challenge. Essentially, if you are in net profits for a period of 30 trading days, the brokerage charges incurred during the period will be refunded up to a limit of ₹10,000 per ...
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How long does it take to process a withdrawal request?
Upon placing a withdrawal request with FYERS, here's what you need to know: Same-day Processing: If you make a request between 5:30 AM and 5:00 PM, we process it on the same day. However, if you have open commodity positions/orders in the MCX ...
What are the latest features in FYERS Web?
The latest TradingView library has been integrated on the FYERS Web and the following are the feature updates. New Features: 1. Icons have been provided for Exit positions, Fund Transfer, Basket Order, My Account, User Settings, Refresh Trading ...
What is GTT? Can I place a GTT order in FYERS?
Good Till Trigger (GTT) is an order type where you can set a Target or Stop-Loss, remaining valid for up to one year from its placement. In essence, you determine a price to Buy or Sell a particular scrip, and this order remains active until that ...
Are there Annual Maintenance Charges (AMC) at FYERS?
No, FYERS does not impose any Annual Maintenance Charges (AMC). However, it's essential to note that clients who opened their accounts between 1st April 2020 and 4th June 2021 were subjected to AMC charges until 30th September.
What is the FYERS 30 Day Challenge, and why was it discontinued?
To encourage discipline among traders, we introduced FYERS 30 Day Challenge. Essentially, if you are in net profits for a period of 30 trading days, the brokerage charges incurred during the period will be refunded up to a limit of ₹10,000 per ...