- Clients who have been given access to Trading API can take up the 30 Day Challenge. However, they will not be eligible to get a brokerage refund from us. We will continue to issue winners’ certificates and recognize their accomplishments going forward. When we introduced the challenge, our intent was to try and instill discipline among discretionary traders. Trading API is a feature that is most useful to enable semi-automated/programmatic trading. Since we offer our trading API for free and that it opens up an array of possibilities to win more consistently, we have decided against providing a brokerage refund to such clients.
HI Tejas Khoday,
Can you please credit withdraw funds from fyres demat account end of the day(EOD) for eample
I was withdraw funds monday at afternoon 03:45 pm but funds coundn’t credit in my bank account till Tuesday(next day) 02:00 PM.
Why I am addressing this issue unable to trade tuesday, why beacuse the funds which are not in my either demat account or in BANK account.
Can plz reslove this tarsfering issue as much as early.
This is a good initiative. Please help with below query.
If we don’t succeed in the 30 days challenge after we opt for it, will there be an adverse impact as in any additional charges will be deducted or next challenge will consider the loss from the previous challenge.
Hi All.. one question.. the “stocks in our Holdings”.. their P & L will also be considered or not?
Lets say i have done only 2 trades(equity market - stock buying and selling) in a given month. on one stock trade i made a loss of 500 Rupees and another stock, i still not have sold it.. the 2nd stock is still in my account and my “Holdings P&L” is at 1000 Rupees.
now, to win the competition, i should sell my 2nd stock(so that my P&L will become +500Rs) or not needed?
@kln @P5riXHjRDF tagging for your suggestions, thanks.
i mean, the “stocks in our Holdings”.. their P & L will also be considered or not?
Hey @GgFm4OIcwW,
No, the P&L of your holdings will not be considered in the calculation of your 30-day challenge. It will come under CNC. And hence, will not be taken into consideration for the challenge.
Hope this helps!
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No, @zabpVbbL9u, nothing like that. If you don’t win the challenge, you’d not be incurred any additional charges. The regular brokerage plan would levy though.
Once you start a fresh challenge, the profit and loss from the day you started the challenge will be accounted for and not before.
Hope this helps!
Hi @P5riXHjRDF @tejas_khoday …As per this image(xs14479), i thought my 30Day challenge gets completed on Sep1st(including Sep 1st).. but it seems i was wrong.
on my account i have a stock which gave enough profit so that i can be a winner.. monday and yesterday i was not able to sell that stock, so now i am a loser!
also monday we lost precious 3hrs of trading. could you pls consider this case and accept me as winner of the 30days challenge. thanks.
Dear Fyers Team,
I have a doubt, In 30-day challange, would you also count the MTM balance in Net P&L, or you calculate Only booked profit and loss? Because your profit and loss statement is showing, both realized and unrealized in net profit. Kindly clarify please.
Thank you,
Regards,
Chandrasekhar
Hey @cU3XkWCarZ,
Only your Net P&L would be considered in the computation of 30 Day Challenge reports.
Hope this clarifies!
this initiative is definitely well thought of. frankly, i switched to Fyers not because of 30 days challenge but because of smooth flow of trading using trade.fyers.in interface. and due to no charges towards investing and pledging…but interface is the key reason…all the best…hope you also come up with Margin trading facility (MTF) soon like BajaFinance and AngelOne.
Does holding or carrying forward profit in the f&o segment also count in this challenge?
@kln @P5riXHjRDF tagging for your suggestions, thanks.
Hi @sCC9JhjB6g,
Your Holdings and Open positions will not be considered for your 30 Day Challenge.
Hope this addresses your query!
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Hi Fyers Does the profit needs to be Gross profit or Net profit of Rs 1000/- ?
Your Net Profit shall exceed 1000/- excluding* brokerage and all the other transactions charges. *
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My Gross PL is +Rs 1210/- and my net PL is -Rs 5020/-. Will I get my certificate?
Hi Shubhrajyoti,
Your Net Profit shall exceed 1000/- in order to win the challenge and be eligible for the certificate.
Hope this addresses your query!
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Hi If i got the Fyers API access before starting the challenge, and i never punch a single order using Fyers API, will i still be eligible for brokerage refund (ofcourse after crossing net 1000 pnl)
Hi
While activating the account, Fyers WEB platform requires compulsory activation of API access , and this disqualifies one to participate in 30 day challenge to get the brokerage refund, even when meet all other terms for 30 day challenge.
Do have the option to deactivate API access and get participated for brokerage refund through 30 day challenge?
@tejas_khoday I had not traded via go charting but used it for watching open interest.
I had not placed a single order from there.
Shall I be eligible for brokerage refund??
I have the same query. I have not punched orders using API (though I have access to APIs), all were manual orders. Should I be eligible for a brokerage refund if my net profit is above 1000/-?