We’ve been figuring out how to incentivize the active trading community in India in the best possible ways. As you all know by now, we believe in continuously interacting with our customers and delivering features based on popular demand. We enjoy this interactive way of working with our growing community of clients.
Off late, we conducted closed-door surveys and decided to introduce “FYERS 30 Day Challenge.” It is a simple psychological reward system that will keep traders focused to remain profitable for the duration of the challenge which is 30 trading days. If you trade profitably for a period of 30 days, your entire brokerage will be refunded.
The logic: Making money is in itself an incentive to be profitable, it’s just that consistency is something that needs to be developed over time and with repeated efforts. If you can measure your own performance over 30 trading days, then there will be a conscious effort to always be diligent. Trading is not a collaborative activity and hence, certain objective goals like time-bound challenges can help sharpen you up especially when you can’t get feedback on a regular basis from the trading fraternity. Also, various research suggests that it takes approximately 1 month to start developing new habits and break old ones. That’s why we decided to keep a time-frame of 30 days for the challenge because it coincides with the comfort zone for measuring performance.
How the 30 Day Challenge works: If you have traded profitably for the duration of 30 trading days, your entire brokerage will be refunded. Keep in mind that you will have to be in net profits after accounting for brokerage charges and all the transaction costs. 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. Upon beginning the 30 Day Challenge your time starts ticking. Below are some points that you should know about before you start:
1. The end date is calculated based on the number of trading days within the date range.
2. There is no lower limit on the brokerage refund.
3. There is no upper limit on the brokerage refund.
4. Profitability is calculated across all segments.
5. Dividends won’t be considered.
6. Brokerage refund to the winners will be processed on the 5th of every month or the next working day.
How to get Started: Visit FYERS 30 Day Challenge link which is accessible from your trading platform and click on “Start”. Your start time, end time and days left will be displayed in the top panel. Below, you will get a section named “Challenge History” that shows your previous challenges that were taken and the results therein. Check the screenshots below for a graphic description.
Be recognized as a Winner: Upon winning the FYERS 30 Day Challenge, we will send you a certificate of recognition to your registered e-mail ID for trading profitably during the period. We can also recognize your achievement with your consent by posting your profile on our website in a post and social media. Completing 30 Day Challenges consistently gives us a chance to observe your skills and it could possibly lead to something positive in the future. Here’s a sample certificate of achievement that you will receive upon successfully completing the 30 Day Challenge:
Final notes: This initiative is a result of brainstorming with our clients who have years of experience trading with other stockbrokers. Our aim is to encourage you to be sustainably profitable all year round even if it will impact our revenues. At the end of the day, our long-term sustainability depends on the profitability of our customers. We understand that each challenge may not be a one-way journey to success and all good things require time. At our end, we’re taking steps to build a healthy environment for active traders in India. If you appreciate what we are doing, we encourage you to refer your friends to us.
Tejas Khoday
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.
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Actually there is a “TAB” of 30-day challenge on Fyers Web. Since I am familiar with Fyers One but, there is no such ” TAB” by which I can accept the challenge. How I can do it on Fyers One?
Go To HELP –> Important Announcement –> You can Start 30 Day Challenge.
Hope this helps.
I am preparing myself for “Fyers 30 day challenge.” But I found the tab of accepting the challenge is on “Fyers web” though I am quite familiar with Fyers one trading platform. In that situation am I not be able to accept it? Please let me know.
Hi Subhash, what’s the message you are getting when you try to start the challenge?
HI Mr. Tejas’s . Its really nice to see your reply to all querry. I realy like the CNC facility of Fyers. So in this CNC , do I need to pay for delivery ? Or I only have to pay whenever I sold the stocks. Please clarify.
Hi there, glad you like our responsiveness. No, we don’t charge any brokerage for deliveries. You don’t even have to pay when you sell! However, there will be a DP charge applicable (levied by ISSL of 20) as mentioned in our pricing page.
How many times can I opt for 30 days challenge. Is it unlimited for life time or for a period of one or two years in life time ? Kindly clarify. Actually just today my account is opened. I am very new in field of trading. I want to learn for 4-5 months then after I want to start the challenge. thanks
Hi Noor, You can opt for the challenge as many times as you want. There are no limits as such!
Where are the trade book and profit and loss statement ?
Hi Riyas,
You can find these details in the back office.
Hi @Tejas, when do you expect fryer to have online account opening process. i am stationed outside of india and would like an account to be opened, currently trading with zerodha but have been contemplating moving to a better platform based on tradingview charting. thanks again!
Hi Manish, Thanks for writing. We’re working on the digital account opening process and it is expected soon. I will write a post about this soon and launch it with a happy face! Trust me, we are eager to launch it asap too.
Thank you Tejas, really excited to know online paperless a/c opening process is coming soon. By the way dont want to hijack 30-days post but couple of wishlist items i want to highlight
1. Algo trade support:- opening up Fyers APIs for fully auto trading – Pls try to keep API usages free/minimal just like many other robust discount brokerage firms in US does, as there are other avenues to monetize when offering better services to new age traders community.
2. Enabling simulated trading in real market situation: Simulated trading under ones active account will help traders try out new strategies in real market scenarios; something which is missing in India but omni present in almost every broker i have worked with in US.
thanks again for listening & responding!
If I go for a thirty- day challenge, is it necessary that I have to sit in front of my trading platform, and do a profitable trade every day apart from saturdays, and sundays leaving all my urgent household chores aside. If not, then how those days will be counted? Please let me know. I want to resume in 2019, hoping my studies will help me to gear up. Right now I’m investing time looking at future investments! Thanks.
Hi Subhash, You don’t have to sit and trade all the time. It’s very simple. If you are in net profits for a period of 30 trading days (Regardless of how many trades are profitable/loss making individually), we will refund the entire brokerage incurred during the period. You don’t have to be profitable every day. That’s hardly possible anyways.
Hi Tejas, Thank you very much for your kind reply and, very clear to me.
Thanks once again.
When BO order with SL entry to trade will be available?? Discount broker like zerodha and upstox are providing it..Please provide this feature ..
Hello,
I like Fyers Web platform over any other platforms provided by other brokers. I’ve one problem with one indicator i.e. PIVOT. When I apply PIVOT on to the chart then whole chart/candles gets shrink and then I have to readjust the view of candles by dragging up and down the ‘Y’ axis i.e. price axis. When I do that and if I want to check the same chart with another time frame, let say Daily then whole chart/candles gets disturbed very very badly. So, to make it correct I have to use ‘RESET CHART’ option. Once I reset it then it will again start the same problem as mentioned above.
I really hope you will understand what I’m trying to say. If your team could solve this issue which is really very annoying and waste of time.
Hey Ashwin Revankar, Thanks! Glad you like our trading platform. I guess you are not aware of how to use the settings on Pivot. Firstly, the candles on the chart shrink up a bit because it is supposed to display the resistance and support lines on the chart. But the option to increase the size of the candle has been given. Let’s say you don’t want Resistance and support lines beyond R1, R2, S1 and S2. In that case, you can click on the settings button and uncheck the fields which you don’t want. You can also remove pivots indicators for previous periods or reduce the number of days. I hope you will use these features effectively. You don’t have to reset chart if you use the above features.
Thanks, I got this trick…..
Sir very happy that you have provided one of the best platform for indian traders. The best part is placing order on the chart itself. I want to know is it possible to set alert on volume bar chart. If we set parameters Like current volume bar should be up by say 100% or 200% from previous 5-10 volume bars and we get an alert? is it available in FYERS?
We’ll take up alerts as a separate project in the future. Currently, it is not available.
Hi Good Morning Team
During 30 Days Challenge is it necessary to being profitable for all 30 trading sessions/days or it will be calculated on monthly basis
e.g. suppose in between 30 days considering daily activity if my M2M is positive for 20 days and negative for 10 days but still its positive for overall 30 days can I eligible for prize
please suggest
Hi Deepak, No! You don’t need to be profitable for all 30 days. You just need to be overall in net profits regardless of whether it was one trade or more. Being net profitable for every day is almost impossible in my humble opinion :-). Let me rephrase with an example. If you are in losses for the first 20 days, but then you recover and make profits in your last 10 days, then you will obviously be eligible for the refund simply because you managed to remain profitable during the period after incurring transaction costs.
Hope this clarifies.
FYRS WEB DASHBOARD VIX SHOULD ADD ,I AM UNABLE TO ADD IT IN WATCHLIST BECAUSE IT IS NOT TRADABLE ,SO PLEASE GIVE ACSESS THE DASHBOARD TO PERSONLIZE IT ,SO I CAN ADD INDIAVIX INPLACE OF MIDCAP INDEX.THANKS
Hi Arpit, You can add INDIAVIX to your watchlist. It’s the same as adding any other scrips. If you are referring to the mobile, we haven’t done that because more users want to view Midcap over VIX.
What is the status of the MCX go live? I have been waiting for Fyers to go online on MCX soon – and support keeps telling me that it will happen ext month 🙂 Tejas – any honest feedback on the timelines?
Hi Rito, Yes I know that a large number of traders have been pushing us to go live with MCX but there was a delay due to the Telcoms delay in commissioning the connectivity and some server provisioning issues at the data centers. We are now almost through most of the complicated aspects. Our team has been placing orders and participating in mock sessions to test the systems. We shall update everyone regarding this soon.
Thank you for your patience.
WHen will I get my payout..
Hi, for payout related queries, please refer to this page – https://fyers.in/fund-transfer/. We have mentioned all the details.
Hello Tejas
Thank you for the way you are spearheading FYERS, love the recent updates.
However just want to bring it under your notice that my 30 Day Challenge was completed on 9th April and though yesterday the page showed ‘successfully Completed Challenge’ I am yet to receive the winning refund. It is Tuesday now, hoping to receive your valuable views on this issue.
Once again thank you for the way you are leading FYERS, very content with the service!
Hi Souro, Thanks will do more in the future. With regards to the 30 Day Challenge, there was a delay this time because of the Financial year ending 31st March 2018 which was midway through the challenge and hence, the calculations took time in the back-end. We will be processing the refund today EOD. Thanks for taking the initiative to ask. Good day.
Sir can you pls explain how out of thousands of stocks exchanges select stocks to be included in FNO segment?means what is eligibility criteria for a stock to be included in fno segment?
Hello Amit, you can read this to understand the selection criteria – https://www.nseindia.com/products/content/derivatives/equities/selection_criteria.htm
Hi Tejas,
I’ve completed 30 day challenge successfully but don’t see any communication from your team.
“https://30-day-challenge.fyers.in/” page shows status as “Yet to be computed!”
Your support team has closed my ticket without providing resolution – https://support.fyers.in/tickets.php?id=8061
Can I expect any update in a day?
Thanks!!
Hi Pushpa,
Thanks for asking for clarification. Basically, due to the fiscal year-end closing on 31st March 2018, the computing is a bit complex this time around unlike other months of the year because this 30 Day challenge started before 31st March and has ended after 31st March so it’s taking a bit of time due to the way our back-end is structured. We will be processing your brokerage refund on Monday.
Thank you! Really appreciate your quick reply with detailed explanation!
You’re welcome Puspha.
mobile application black theam colour change option to be provide, because black colour looks horrible.
Hi Mohsinkhan, Most people don’t mind it. This is based on our customer feedback. We’re not changing that anytime soon at least.
whats happens to the traders you suffered losses due to NSE techniqual glitch that happen around june- july 2017?
are they get compensated for their losses?
sir is it possible to little bit optimise the loading time of chart in fyers web? i think it is little bit slow to load even in good internet speed.
Hi, it’s already very fast. Please re-check your connection. We haven’t received such a complaint so far and it works just fine at our end too.
sir pls add a price alert system in fyers web and if possible new events for the selected scrips.
sir pls create a telegram channel where you should share updates regarding network failure, change in admin square-off timing, change in margin etc which effects you client .
And sir who will resposible if a client faces huge loss due to any problem from broker end?
Hi Amit, thanks for your suggestions, but a telegram channel is not appropriate. Maybe, we’ll try another mechanism in the future.
1st time i found a problem with fyers. live feed not working.
Hi, live feed was not working as there was an issue with the leased line provider. We have fixed this issue by using our backup lines.
sir sometimes the drawings are not synced in the background .How do we make sure that all the drawings remain in the charts for ever?
Just click on the cloud icon. The settings will be saved forever on Fyers Web.
can i save drawings of multiple scrips?
Yes, you can. Just click on the save icon.
sir is it possible for you to implement trailing stop function in cover order ?
i think cover order with trailing stop will be best for a trend trader.
I think that will be a separate order type which we will try and introduce in the future.
Hello, Tejas is there a possibility that the new Bracket orders and the already introduced Cover orders would have Hotkeys for quick order placement, Thanks to FYERS for exiting hopefully soon you will be the benchmark for Brokers in India to emulate.
Hmmm.. so we’ll take up hotkeys later. Once, we finish introducing Bracket Orders and other things in the pipeline. We are working on the finer aspects of the bracket orders at the moment. Will keep everyone informed about the launch.
Thanks for wishing us well Souro. Also, I have not been able to login for the last few days, hence the late reply. The good news is that we have received the license for MCX. We are working on the enablement process and that will be done soon hopefully. Stay tuned.
I have been following FYERS for a long time since I hear that you are from Futures First. Everybody in the proprietary trading company is a fan of yours for leaving and starting such a successful brokerage firm. This 30 day challenge is too good to be true and I know it is true. Just one request, try to get price ladder like we have in FF. I know it is tough but still.
Hi Rahul, glad to hear that. We shall try in the future to improve upon our price ladder functionality.
Wah Wah! Good one to kill other brokers.. Very much appreciate your platform and efforts.. I have given my account opening documents waiitng to start.
Hi Arnab, we didn’t do this to kill other brokers but to encourage traders to be profitable. 2 very different things. Our team will get in touch with you on Monday as we are not working today due to the long weekend.
Amazing,, your 30 Day challenge is truly amazing and much better than zerodha 60 day challenge.
tejas sir I have a suggestion for you-
that instead of fyers 30 days challenge you can launch weekly, monthly and/or quarterly competiotion where you announce winners and give them a fixed sum of money as prize to top 3 participatnts based on there percentage returns.
I my view there are some DEMERITS associated with fyers 30 days challenge-
1) Not much beneficial to small traders whose brokerage doesn’t even go to Rs. 20 per order (means he will get very small amount even if he wins the challenge);
2) Not much beneficial to swing traders as they are taking very few trades in a month even though their trade size is high;
3) Not much helpful TO FYERS in acquiring NEW CLIENTS as almost the same competition is also being organized by zerodha also;
4) Uncertainty of AMOUNT TO BE REFUNDED every month to the winners etc.
MERITS associated with the new competition-
1) Allow the customer to focus on quality of trades rather than quantity of trades.
2) Also beneficial to small traders and swing traders as they will be selected based on the percentage return they generated.
3) Attract new customers to fyers in the greed of earning free money.
4) Only a Fixed amount of expense every month.
5) Money in the form of PRIZE feels much satisfactory than getting the money in the form of brokerage return that you earned by servicing your customers . Personally i was thinking to refund the money that i will win in 30 days challenge because you are giving as brokerage refund and i think brokerage is you right as you are providing such a good and satisfactory products and services and taking your earned money is not good in my opinion.
and getting money in the form of prize is our right.
Thanks for your valuable feedback Amit, but we will stick to this for the moment.
sir when you are planning to launch Bracket Order and pivots?
Any expected date in near term?
Soon..
sir there is no option for increasing the width of indicators in fyers web, can you please add it?
Hello Amit, you can. Just drag and drop.
sir i mean the width of lines like moving average,rsi etc..
it will be helpful in crossover system helping us to clearly differentiate between the 2 indicators.
That will be done in the future. You are the first person who has asked for this feature.
sir i m soo addicted to fyers web that i can’t find my self comfortable using any other charting platform. Thats why i m always ask you the features that i m missing in it. so that i don’t have to look at any other platform.
i love fyers web .
HI,
You can increase the width of any indicator. In the “Style tab”, just click the empty space near the color box. There are 4 line weights are available.
It’s a hidden feature.
You have mentioned on your site that Admin Square-off time is 3:20 PM BUT YOU HAVE SQUARED OFF MY POSITION AT 3.18 PM AND EVEN YOU CHARGED THE ADMIN CHARGES TO MY ACCOUNT.
WHY ARE YOU MISLEADING YOU CUSTOMER?
If you need to square it before 3.20 then why don’t you clearly mention it.
Amit, on volatile days, we may initiate Admin Square off earlier than 3:20 PM. Again this is a rare exception. Do you really think we are misleading our customers? Please open an account with other brokers and experience their services and let us know if we are misleading our customers. We practice the highest standards at FYERS.
i already have accounts with others brokers.
and secondly if i talk about only zerodha they inform there customers during such situation either through mail or via pop up.
In my personal opinion you should inform your customers in any such situation so that they can plan there trades.
Or alteast don’t charge them before the stated time.
If you don’t follow this i think many of your customers will face this.
Koday sir Personally i really like Fyers and have very high expectation from you and when expectations are high than even the smallest things create problem.
I m not against you.
But want you to be the best in the industry so that i also get the best platform.
So pls don’t compare yourself with others. You are different thats why i like Fyers.
sir can you modify your order management system in such a way that after placing the order we can modify it and place stop loss and take profit order in the same order Instead of placing 2 separate orders for stoploss and targets. because placing BO or CO quickly is hard and if we place normal orders than we have to cancel the pending order so that i doesn’t get hit after hitting the target/stoploss order.
HOPE YOU UNDERSTAND MY REQUIREMENT.
Entering trades, placing target and SL orders is part and parcel of trading if you don’t use CO or BO orders. It’s the best we can do.
Sir is it possible for an indian broker to offer ninja trader as their trading terminal?
Yes it is but please note that NinjaTrader is not free! Are you willing to pay the fees?
what will be the charges? sir
Currently i m a newbie in market , and whenever i start feeling that i can easily recover those charges by trading i would definetly like to buy it.
At present i m not comfortable with it.
What charges are you referring to Amit?
ninja trader charges.
Well I suggest you get in touch with them to learn about their charges.
sir
why both NSE and BSE have almost similar price for every scrips even though the traders are different?
Because if the prices are different there will be arbitrage opportunities and that will nullify the difference between the price changes.
Sir at what time you maintain your servers?
Becz at 1.30 AM (night) i loggedin in fyersweb and when i tried to search for some scrips it gives error something like “no record found or no data to display” i don’t remember the error exactly but i was unable to search for scrips at that time. Rest was working fine.
Hi, it was on scheduled maintenance in midnight hours.
sir pls tell the daily maintaince time so that we can complete our work before it.
Daily maintenance time? I didn’t quite understand what you mean exactly. Please elaborate Amit.
at what time you start daily maintenance of your servers like zerodha starts after 1 am.
Our server restarts happen post the midnight hours as well.
Need little more info on fyers web depth of market like how many buyers and sellers offering shares.. Just like nse buyers sellers shares count(1.8 lakh buyers, 2 lakh sellers), pivot points pls..
Hi, Depth of Market will have the best 5 bid/offers displayed on the price ladders. I suggest you watch this video – https://www.youtube.com/watch?v=Yw3390MvW7I&t=
Pivot points will be implemented soon. Thanks for asking!
Tejas sir, i m facing one problem and i m not sure is it with you only OR others also have.
Sir suppose we closed a position and after that i again enter on the same scrip at different price ;NOW the position tab will average it and starts showing adjusted P/L which is very confusing for me.
I think it would be better if each order shows its position separately even for the same scrips.
Hope you will understand what i m trying to say.
Hi Amit, this is how we have designed the system. If you re-enter trades on an already closed position, it will calculate adjusted p&L because it’s still the same scrip. This is how it is supposed to work Amit otherwise the positions window will be a big mess.
sir please add pre-defined watchlist feature like fyers one in fyers web.
We will be launching multiple watchlists soon on Fyers Web stay tuned. Only yesterday, we launched 20+ years of historical charts on mobile. Have you seen it yet?
Yes it your web platforms integrated in mobile app.
Is it possible to place order and manage position on chart itself like your web platform.
We can do it, but we have chosen not to because trading from charts functionality is not optimal from mobile.
Sir pls Guide me;
What is the best way of selecting stocks for intraday i.e, Whether to select it one day before market opens OR live at the market?
Your offer is the best in the market.. Very good initiative Tejas Khoday and team.. This time I am happy to win your challenge! I contatcted your team and they told brokerage will be refunded today. Thanks a lot.
Awesome. Congratulations! The silent ones are the ones to watch out for 🙂
Dear Tejas, firstly I would like to appreciate you a lot for being ahead of the game. You are truly an inspiration in our generation. Fyers platform rocks in comparison to other brokers in India. I have given my documents to open account but there is one request from my side – Can you introduce charts in mobile?
Thanks Pushkar. Just doing my job! As a team, it is our agenda to improve the trading experience for everyone in India. For years, I faced issues myself and finally decided to start a brokerage to solves the real problems. Anyways, glad you are signing up and with regards to the charts in mobile, we are upgrading the charting experience. Please wait a few days and you will get a pleasant surprise.
Sir when will launch pivots in fyers web?
Pls take pivots as priority and launch it soon.
Yeah, we have. We’ll do it as soon as possible Amit.
sir any deadline or expected date for launching pivots ?
Can’t promise dates yet Amit.
and happy holi sir.
Thank you!
sir can we use foreign exchanges data to trade on cross-currency pairs in india as not much data is available to determine trend?
NSE launched cross currency contracts just now. I guess we’ll have clarity in the days to come Amit.
sir/madam,
entered in the new trading fyers web portal.but there the Cover order
has the option to set both stop loss and take profit option.
is it possible??.generally CO Order does not have target price option na???.
And also the tab press to move through control fields not working inside the order window.Kindly rectify them &
and clarify CO order.
regards
Srinivasan K (FK0196)
ph:9842092575
Hello ! Mr.Khoday Thank you for your constant endeavor in improving the user experience for us retailers, Hope to see more soon. The FYERS Web introduction alongside featuring Bracket and Cover orders were much awaited by your clients, hence FYERS is witnessing such good feedback.
Is it possible to have a live scanner which displays stocks which are falling more than 2 % within 1 minute, 3min, & 5 min, it would be live scanner and when any scrip fits into the aforesaid criteria it would display it on the scanner, live.
Example – Fortis suddenly drops from 152 to 142 within 2 minutes or few seconds it would show up on the scanner with the Time, Volume & Price. whenever there is a sharp drop in a matter of seconds or a minute, of more than 2 % it would show up on the Live scanner.
It would be of great help for traders using your platform as it is equipped with necessary tools & weapons, if its possible to get quality “ammo” such as the above mentioned scanner, then it would be highly beneficial for us to win the war 🙂 .
Thanks to You & your team for the credible work you are putting in.
Regards
Hello Souro, thanks for appreciating us. Cover orders are already in beta and will be released for all clients this week. That’s for Sure. After the successful implementation of Cover Orders, we will work on the finer details of Bracket Orders too and have that launched in 2 weeks or so. We have live scanners on Fyers One but haven’t yet introduced them on Fyers Web. It will take sometime and we will reach out for feedback on our customers’ requirements. Currently, we are focused on a few other things but will work in this direction when it is feasible.
Tejas sir can you please explain (in little bit detail )me the correct way of using Bollinger Band?
Bollinger bands is a simple indicator. There’s a lot of material on what it is and how to use it. But basically, it’s a 20 period Simple Moving Average (SMA) and a 2 standard deviation which shows you the range in which the stock can be volatile given its price movement. Here’s a detailed explanation for you – http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands
thanks for reply sirji.
You’re welcome.
we are seeing Bid/Ofr Ratio under detail quote in fyers one. Can we see it in the workspace table just like other parameters for quick scan.
Yeah, you can. There are a few workspaces that have bid/offers on the main screen itself. Apologies for the late reply, I was away last weekend.
Sir are you planning to launch any service like QUANT at zerodha, for analysing the trades?
Amit, we are more focused on providing the most required features first. At the end of the day, reports have to serve the purpose of traders. We believe more in substance and utility of work than anything else. We’ll come up with something which you will like this year.
sir pls don’t create suspense , tell me something about it.
Can’t at the moment 🙂
Hi ,
Waiting for the launch of mcx segment. When it will be live? And one more thing why cant you make account opening quick and paperless like other brokers.
Hello Mr Tejas,
I have opened my account with Fyers in January, 2017 but yet to start Trading from Fyers. Now, I have decided to start trading from Fyers Account from Monday, February 26, 2018.
Also would like to participate in 30 Days Challenge, I would like to know whether it is compulsory to trade continuously all the Trading Days in that 30 Days period?
Hi B R Subramani, thanks for writing & glad you’re trying out the challenge. No, it is not compulsory to trade every day. You can trade whenever you want and how much ever you like. There are no restrictions as such.
I want to trade in 30 Day challenge on MCX as well @TEjas. Please introduce soon.
The ball is in MCX court. We have already applied and we are now in waiting mode.
Bracket Orders is the one most important feature I’m missing the most in Fyers. Also need facility to use custom coloms like nest provides.Been waiting for almost an year.Without BO I cant switch to Fyers at all.
nba, of course custom columns are possible in Fyers One in the “Trader Workspace”. Our web platform is designed for simplicity and based on advanced charting features and one-click trading. Also, it has price ladder trading which is not available anywhere else in India! If you are particular about BO you’d have to wait a while. But if you appreciate our other features for analysis on Fyers One, our charts, our data and order execution etc. then do make the switch. Thanks!
Thanks khoday, for bringing the best international web platform by tradingview in india.I m really impressed with the type of products and services you are offering.
With the launch of cover order and the upcoming bracket order my all requirements are fullfilled except pivots points in fyers web and a platform to analyse the previous trade like quant in zerodha. But like your previous trend i assume you will continue surprising us by launching new products and services and updating and adding new features in your existing products.
Hi Amit, it’s been a while since you got in touch.. Thanks!Pivot points will be launched in the near future! Well since you made the comparison, we have many other features on our platform which are unique in India. Bet you’ll agree. Just saying.. Yes, we will. Stay tuned Amit..
If you don’t mind can i ask you how much cost burden you have to bear for providing such an excellent platform both web and desktop platform per customer.
Bcz the platform you are providing are best in the industry and you being the new entrant in the discount broking industry are able to provide it for free and other broker you have huge customer and financial base are still unable to provide it .
AND 1 COMPLIANT:- THE INTRODUCTION OF RMS CHARGE IF WE DON’T CLOSE OUR INTRADAY POSITION BEFORE 3.20 PM.
earlier no brokers uses to charge this and after zerodha introduces such charge all other broker s started following it.
Suddenly what happened in the industry that even started charging this?
Can’t disclose financial details of our technology costs Amit. I’m sure you will understand. Thanks, see the thing is we really want to improve the trading experience for everyone. Hence, we went the extra mile by onboarding all the required expertise and costs. I guess we are just particular about what we want to deliver. With regards to brokerage RMS (Admin Square off) charges, we levy this because it utilizes our resources. But from the clients’ perspective, this is an additional service that only happens sometimes. But with thousands of customers which we have to service in such short duration, we thought it makes sense to charge a small fee of Rs. 20/-. That’s about it.
I agree with AMIT KUMAR PANDEY. No broker was able to captivate traders like Fyers because they are doing what traders are wanting since day 1. I liked Fyers One a lot but Fyers Web is the best trading platform in India. No worries 20 rupees extra charge I don’t mind but pls introduce pivot points in fFyers Web
Glad, you see the value in our charges.
i asked about the platform cost because you are providing an unbelievable platform at an unbelievable price i.e, Rs.0/- only.
i must say that with the launch of fyersweb charting has become Enjoyable , earlier it was a task.
🙂
Yesterday I have Open My Another Ac With Upstock …. And suddenly Then I found Fyers Website … When I checked Your Details Terminal I Was Speechless ….. What A great Discovery Of New Generation Trading Terminal …I want To Open My Ac With Fyers With My Other Company”s Dp…. And One Of My Friends Also Want To Open …. But We Dont Want To Open DP With ILFS …..
Hello Suvendu, glad you found us! Sometimes, we feel we should reach out to everyone through ads but deliberately choose not to do that. Thanks for appreciating our work. Well see, currently we are tied up with IL&FS for demat accounts. It won’t really effect your user experience just because they are a different entity. We are integrated in the back-end. It’s just that account opening will take a bit longer that’s about it. Suggest you try us out.
I used to have an account with RKSV too but shifted to Fyers recently. Luckily, i didnt open new demat account. just map same account to Fyers no problem.
compared to zerodha fyers challenge is good as it is only 30 days days and also no more rules to follow
i like this callenge a lot. it creates a good trading spirit in me. Am refering my friends also to try out fyers and its 30 days challenge. Common guys even you can try it and be happy
30 days challenge, only rule to be followed is, i should be in profit say even a rupee, all my brokerage will be refunded sounds cool. Thank you fyers
Great Initiative Fyers !!! I feel Soon you are going to be Best stock broker in India. Thanks for such innovative things which are very helpful for active trader like me , its kind of motivation.
I tried both zerodha’s 60 days challenge and Fyers 30 days challenge, what I feel is Fyers 30 days challenge is best one because less time span and they refund all brokerage without any upper limit. Now I will recommend this to my friends as well 🙂
Please do. We’ll be glad if you refer us to your friends who are ardent traders/investors. As you know, we don’t do much outbound activity. We have chosen Referrals as the main way to grow our customer base.
100% agree, That too no upper limit that is right. Something crazy.. with time let’s see if FYers lets keeps this unchanged.
We will do our best to keep this offer unchanged. The results were overwhelmingly positive as quite a high percentage of traders turned out to be profitable. This month, the signups for the 30 Day Challenge has increased substantially. The brokerage refund amount is surely going to be much higher.
I feel now Fyers is best in all aspects like Pricing, technology, customer support and now 30 days challenge is added feather to it. Good going Fyers Team.
Thx @Vishu P. Hope you got what you finally wanted.
Good initiative as its give motivation to do good trading for long time. Also, I request you to start another challenge for profit % return like U.S. Investing Championship mentioned in the Martin Schwartz book “Pit bull”.
Very Nice Initiative but have a query If I have trade only twice in 30 days and made a profit even than the brokerage would be refunded???
Hi Achyuth, Yes that’s right!
I should be in profit for all 30 days.
Nope, that’s difficult for anyone to achieve. You will have to be in net profits for the challenge period (By day 30, your account should have profits).
What is minimum number of trade I have to do to get benefit of 30 days challenge.
There is no such thing. You can have any number of trades. As long as you are profitable after all costs, your brokerage charges will be refunded.
Is this challenge for 30 days or 30 working days?
30 trading days Ram. Everyday the market is open will be counted.
your trading plateform fyers web is way ahead of every trading company.its boon to intraday trader for lightning fast order placemenment.and 2 best feature i love them 1st is revers button 2nd is small profit/loss dialoge that always remain on chart just infront of our eyes. plzz add some basic tool 1. pivot points 2.equity intraday margin calculator, f&o alread existed thats good.
Thanks Ashok. We’ve been working on fine-tuning the features on our platforms based on our clients’ feedback since inception. Glad, you like what we’ve done so far.
Hello Tejas sir,
How long until MCX is introduced? BTW, the website looks nice.
Hi Deepak, We have completed formalities and we’re currently in waiting mode. The ball is in MCX court. We are expecting it to happen this month.
Even I am waiting for MCX
Will come asap.
Hey, can you please get Pivot Points in your Fyers Web and app like other brokers have. This is the only thing which is stopping me from using Fyers.
Also, would like to know when is Amo, Co and Bo orders starting?
Will you start Margin on Delivery?
Thanks!
Hi Saquib, pivot points will be done asap. Apologies, but we are partly dependent on TradingView for this release and we have taken it up already. Will do this at the earliest. However, pivot points are already available on Fyers One. Cover Orders & Bracket orders are ready at our end. Will be launched very soon mostly within a month.
I’m using Fyers from last two months just for graphs. Tried all browsers Chrome, Firefox, Opera and Edge but the on Fyers tradingview terminal quantity of bids and offers in DOM get stuck every few minutes, then it requires to close and open DOM again to fix the issue. This is the only reason I’m avoiding intraday trading at Fyers. Please fix the DOM as it is an essential part of intraday trading.
And please change the Fyers logo on website. Sorry but it really looks very unprofessional to me.
Thank you and best of luck.
Hi, thanks for your feedback. This is the first time we are receiving this type of feedback. The Bid/offers could get stuck if there is an internet bandwidth issue or fluctuation at your end. If that happens, kindly click on the “Reload Page” icon for refreshing the page. Make sure you save the charting template by clicking on the cloud icon so you don’t lose out on the existing chart view. If you are facing an issue with in spite of having a fast internet connection, do call our support team on 080-46251111 and show it to us in live markets so that we can take a look at it and resolve it for you. With regards to the logo, we’re upgrading it along with our website very soon.
If you want us to call you back, feel free to leave your client ID.
Your platform Fyers Web is much better than Zerodha Kite 3.0. I immediately realized after getting a demo from your guy Kishore. Very happy to know about this challenge. Can clearly see Fyers hard work in implementing new things for traders. I have suffered with Zerodha like crazy and moved to other competitors but they were also not that great. Happy that your passion is leading the team.
One humble suggestion, please modernize your website. It is looking old and maybe because of that many may not be attracted to Fyers. You have the best trading platforms when compared to zerodha but their website look is better so please take action on that.
Hi Tejas, I am happy with the way Fyers is growing. However, there’s one issue I have with you/Fyers and that’s about the design and UX of the website.
Everything, from logo to the layout to the font used, is so old school and aren’t attractive to the eyes. I understand that you would probably find it a better idea to invest in improving what matters for an end trader, but the website is how your new customers will come in and I see no reason why you should just keep it lagging behind the competition.
Even this blog’s comments are so badly arranged. The replies should be shown under that particular comment and not at the end. The way it currently is, nobody can take part in a discussion. I hope you will take these into account.
Hello Narendra, Thanks a lot for giving me this feedback I really appreciate it. In fact, I do agree with you. We initially didn’t pay too much attention to the UI elements as much as we ought to. Yeah, the comments section plugin is messed up and it’s been a while too. We didn’t want to do a patch up job and chose to redo everything from scratch! In a month or so, we’re going to revamp the entire website and user experience. You’ll see a new face soon. We have already started working on that. I would like you to continue to give us a piece of your mind from time to time. All feedback is welcome. Goodnight!
sir is it possible to add display moving average indicator in chart and scanner on fyers one platform ?
Yes, it is of course.
sir,
Is it possible to add display moving average indicator and scanner in fyersOne.
Yes of course!
Unable to sign up…I get this error:
{errorMessage=2017-12-27T10:01:46.825Z e711bcbf-eaec-11e7-9935-1741993c2919 Task timed out after 20.02 seconds}
Hi, can you retry? It works perfectly fine now.
Working now..thanks for ur quick reply..
You’re welcome.
Hi Tejas,
Dropping you a note here because I couldn’t get your email ID. If you could check my email (maxvijay2003@gmail.com) and respond. It was sent to the email id starting with ‘contact’. Little important.
Thanks
Hello Vijay, Just saw the mails which have been exchanged. Our team will sort out the pending work.
is there any limit on brokerage refunded ?
No there isn’t. It is unlimited 🙂
This offer is amaizing Tejas. It makes it harder for all brokers that too with great technology. I am very much happy to be Fyers client after closing my account with Zerodha.
It’ll be good if I’m able to see my day to day P&l so that I can have a track for the next 30days.
You can track your P&L in the back office.
Don’t we have the option to accept the challenge in mobile? It’ll be good if u guys come with that on mobile app also.
You can. Just search in the Menu, we’ve enabled a button from which you can activate the challenge.
What if I trade for only one day and I make the profit after accepting the challenge?
The brokerage incurred for that one day will be refunded after 30 day challenge is completed.
Is there any other way to accept the challenge without going to the link?
Nope. It’s easy, just takes a click.
Is there any, one click to accept the challenge instead of going to the blog?
Yeah, we’ve enabled icons on Fyers Web, Mobile app & Fyers One from which you can access it. The blog also has the link. In case you are not able to find it click here: 30-day-challenge.fyers.in
This challenge makes us keep goals in trading to make the profit and also improves the knowledge towards the market. I think everyone has to accept the challenge and get the benefits of it.
Another challenge to break my previous record. :-p
All the best man!
It is a very good system to make the trader concentrate on trading.
Thanks Sumit!
It’s a very good move. I have accepted the challenge today.
Awesome Punneth, all the best!
It’s wonderful trading with Fyers, you guys are doing a great job!
Thx Manisha!
Does unrealized profit/loss is considered in 30 day challenge?
How are Trading Days considered?
All days when the exchange is open for trading are collectively considered for 30 days.
Wow, this is much better than Zerodha 60 Day challenge. But maybe fyers income can get effected by this offer.
Thanks Rohit! Although we don’t derive any financial benefit from this move, we are looking forward to a widespread adoption among traders. Feel free to spread the word.
Should I make more profit than my brokerage to win?
You’ll have to be in net profits (After accounting for brokerage and transaction costs).
Till when is this 30 day challenge valid.?
Well, I guess forever.
I have never seen any stock broking firm give out such amazing opportunities for traders to take up a challenge and get full brokerage refund. Very Impressed!
Thx Murali. The idea is to encourage profitability among our clients. Especially, since they’re doing it by themselves without anybody’s assistance.
Is it like I have to make the profit every day or overall at the end I need to have profit?
You don’t need to make profits everyday. You’ll have to be in net profits at the end of 30 trading days!
This is a very nice concept for maximum benefits.
Thanks Sahana! Tell your friends who trade too.
Is there any limit for the number of times we take the 30 days challenge.?
No, you can take the challenge any number of times you want. 🙂
Wow, this is much better than Zerodha 60 Day challenge! Congratulations Fyers doing many things. Quite impressive to see such a young team taking up such big initiatives. You guys are the future boss.
I would also like to get trained in options trading & looking forward to your immediate support. Regards,
Jayakumar Jagannathan
Hello Jayakukmar, We don’t train people as yet. But I can guide you to some really useful reading material so you can learn from the best sources. Here’s a book review I wrote for options trading: https://fyers.in/options-as-a-strategic-investment/
I have registered for the 30-day challenge on 6th Dec 2017; however, I don’t see any updated challenge history. Is this challenge real?
Of course, it is real and your challenge is live. The end date is 18.01.2018. Only completed challenges will show in “Challenge History”.
Can you mail me current list of stockwise leverage offered?
i wish to learn option trading .Request your guidance and software support. i am from mumbai . mobile 9967518711
Hello CR Gupte, we have noted your details. Our team will get in touch with you shortly.
Great ! i’m going to take that challenge……
Awesome.
Ahh…..haa……this is a good news.
nice initiative for traders to keep track of there performance !!!
Thanks. Hope this helps motivate you in some small way.
Very Innovative concept.
Thanks Rajesh, do tell your trader friends about it. They might not know yet 🙂
I recently opened an account and participated in 30 days challenge. Hope i’ll win the challenge and get Certificate.
Hey Hena, if you win, you certainly will! 🙂
Its very innovative concept, I have participated in this concept on the very first day. If I win 30 days challenge do i get certificate?
Thanks, Yes of course Wangdu! IF you win you will get a certificate stating that you have traded profitably for a period of 30 days.
Great ! I foresee great future ahead for such a dedicated team you have at FYERS, thank you for introducing this exciting new challenge.
Thank you Souro. Glad that you are positive about us.. We’ll certainly do many more things to empower traders in India.
when you will launch Bracket order and cover order functionality ?
All I can say right now is that it is around the corner. A lot of progress has been made and it’s almost done.
Good Initiative !
Thx!