General

FYERS 30 Day Challenge – Your Gateway to Free Trading!

30-day-challenge

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.

Fyers 30 Day Challenge -Start screenshot

Fyers 30 Day Challenge - Started screenshot

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 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.

125 Comments

  • AMIT KUMAR PANDEY says:

    Sir are you planning to launch any service like QUANT at zerodha, for analysing the trades?

    • Tejas Khoday Tejas Khoday says:

      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.

  • 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?

    • Tejas Khoday Tejas Khoday says:

      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.

  • Ravi_R says:

    I want to trade in 30 Day challenge on MCX as well @TEjas. Please introduce soon.

  • nba says:

    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.

    • Tejas Khoday Tejas Khoday says:

      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!

  • AMIT KUMAR PANDEY says:

    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.

    • Tejas Khoday Tejas Khoday says:

      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..

    • AMIT KUMAR PANDEY says:

      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?

      • Tejas Khoday Tejas Khoday says:

        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.

      • Ravi_R says:

        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

      • Tejas Khoday Tejas Khoday says:

        Glad, you see the value in our charges.

      • AMIT KUMAR PANDEY says:

        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.

      • Tejas Khoday Tejas Khoday says:

        🙂

  • Suvendu says:

    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 …..

    • Tejas Khoday Tejas Khoday says:

      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.

    • Ravi_R says:

      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.

  • mona says:

    compared to zerodha fyers challenge is good as it is only 30 days days and also no more rules to follow

  • Kuber_Mula Trading says:

    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

  • Raghav says:

    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

  • Akshay R K says:

    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.

  • Arvind patel says:

    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 🙂

    • Tejas Khoday Tejas Khoday says:

      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.

    • Ravi_R says:

      100% agree, That too no upper limit that is right. Something crazy.. with time let’s see if FYers lets keeps this unchanged.

      • Tejas Khoday Tejas Khoday says:

        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.

  • Vishnu P says:

    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.

  • Parag Ambre says:

    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”.

  • Achyuth says:

    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???

  • Kiran Devkate says:

    I should be in profit for all 30 days.

    • Tejas Khoday Tejas Khoday says:

      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).

  • Vishal S says:

    What is minimum number of trade I have to do to get benefit of 30 days challenge.

    • Tejas Khoday Tejas Khoday says:

      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.

  • RAM says:

    Is this challenge for 30 days or 30 working days?

  • ashok pal says:

    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.

    • Tejas Khoday Tejas Khoday says:

      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.

  • Deepak says:

    Hello Tejas sir,

    How long until MCX is introduced? BTW, the website looks nice.

  • Saquib says:

    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!

    • Tejas Khoday Tejas Khoday says:

      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.

  • Divaksh Jain says:

    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.

    • Tejas Khoday Tejas Khoday says:

      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.

  • Janardhan Bhatt says:

    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.

    • Tejas Khoday Tejas Khoday says:

      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!

  • SHAILESH says:

    sir is it possible to add display moving average indicator in chart and scanner on fyers one platform ?

  • SHAILESH says:

    sir,
    Is it possible to add display moving average indicator and scanner in fyersOne.

  • Vijay says:

    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}

    • Tejas Khoday Tejas Khoday says:

      Hi, can you retry? It works perfectly fine now.

      • Vijay says:

        Working now..thanks for ur quick reply..

      • Tejas Khoday Tejas Khoday says:

        You’re welcome.

      • Vijay says:

        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

      • Tejas Khoday Tejas Khoday says:

        Hello Vijay, Just saw the mails which have been exchanged. Our team will sort out the pending work.

  • Mohan says:

    is there any limit on brokerage refunded ?

  • Harbajan says:

    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.

  • kenjal says:

    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.

  • Jinal says:

    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.

    • Tejas Khoday Tejas Khoday says:

      You can. Just search in the Menu, we’ve enabled a button from which you can activate the challenge.

  • deeksha says:

    What if I trade for only one day and I make the profit after accepting the challenge?

    • Tejas Khoday Tejas Khoday says:

      The brokerage incurred for that one day will be refunded after 30 day challenge is completed.

  • pranjal says:

    Is there any other way to accept the challenge without going to the link?

  • ruchi says:

    Is there any, one click to accept the challenge instead of going to the blog?

    • Tejas Khoday Tejas Khoday says:

      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

  • rohan says:

    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.

  • rishab says:

    Another challenge to break my previous record. :-p

  • sumit says:

    It is a very good system to make the trader concentrate on trading.

  • Punneth says:

    It’s a very good move. I have accepted the challenge today.

  • Manisha says:

    It’s wonderful trading with Fyers, you guys are doing a great job!

  • Sangeeta says:

    Does unrealized profit/loss is considered in 30 day challenge?

  • Rahul says:

    How are Trading Days considered?

    • Tejas Khoday Tejas Khoday says:

      All days when the exchange is open for trading are collectively considered for 30 days.

  • Deepa says:

    Wow, this is much better than Zerodha 60 Day challenge. But maybe fyers income can get effected by this offer.

    • Tejas Khoday Tejas Khoday says:

      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.

  • preetham says:

    Should I make more profit than my brokerage to win?

    • Tejas Khoday Tejas Khoday says:

      You’ll have to be in net profits (After accounting for brokerage and transaction costs).

  • Shivakumar says:

    Till when is this 30 day challenge valid.?

  • Murali says:

    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!

    • Tejas Khoday Tejas Khoday says:

      Thx Murali. The idea is to encourage profitability among our clients. Especially, since they’re doing it by themselves without anybody’s assistance.

  • Aman says:

    Is it like I have to make the profit every day or overall at the end I need to have profit?

    • Tejas Khoday Tejas Khoday says:

      You don’t need to make profits everyday. You’ll have to be in net profits at the end of 30 trading days!

  • Sahana says:

    This is a very nice concept for maximum benefits.

  • Gaurav says:

    Is there any limit for the number of times we take the 30 days challenge.?

  • Mahesh Patil says:

    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.

  • Jayakumar Jagannathan says:

    I would also like to get trained in options trading & looking forward to your immediate support. Regards,
    Jayakumar Jagannathan

  • Hitendra Patil says:

    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?

    • Tejas Khoday Tejas Khoday says:

      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”.

  • Chetan says:

    Can you mail me current list of stockwise leverage offered?

  • CR Gupte says:

    i wish to learn option trading .Request your guidance and software support. i am from mumbai . mobile 9967518711

    • Tejas Khoday Tejas Khoday says:

      Hello CR Gupte, we have noted your details. Our team will get in touch with you shortly.

  • Mason Saha says:

    Great ! i’m going to take that challenge……

  • Rashmi says:

    Ahh…..haa……this is a good news.

  • SHASHANK says:

    nice initiative for traders to keep track of there performance !!!

  • Rajesh says:

    Very Innovative concept.

  • Hena says:

    I recently opened an account and participated in 30 days challenge. Hope i’ll win the challenge and get Certificate.

  • wangdu says:

    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?

    • Tejas Khoday Tejas Khoday says:

      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.

  • Souro says:

    Great ! I foresee great future ahead for such a dedicated team you have at FYERS, thank you for introducing this exciting new challenge.

    • Tejas Khoday Tejas Khoday says:

      Thank you Souro. Glad that you are positive about us.. We’ll certainly do many more things to empower traders in India.

  • AMIT KUMAR PANDEY says:

    when you will launch Bracket order and cover order functionality ?

    • Tejas Khoday Tejas Khoday says:

      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.

  • Murali says:

    Good Initiative !

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