Stock Markets

Karvy Issue & safety measures at FYERS to protect our Clients’ Interests

35 Comments

  • Avatar murali says:

    I am unable to open a demat/trading account with you . can you guide me ?

  • Avatar ANIL PARSANIYA says:

    I never found such transparent broker like you in the industry. by the way can you introduce trailing stoploss in your platforms so we can maximize our gains and also there is a bug in your mobile app where we place one buy bracket order and one sell bracket order at the same time after executing one order we cannot cancel the other order.

  • Avatar ANGHAN VIRAL SHIVJIBHAI says:

    Thanks a lot for your information & safety measures. Thanks fyers.

  • Avatar Dhruv says:

    Hello Tejas Sir,
    I am a client of Fyers and my client id is FD0394. I have created one support ticket on July 19 but no solution is provided till date. The ticket is still in open status. I don’t understand how to contact upper level staff so just writing here. The support ticket id is #1746304 . I don’t think your lower level support staff can solve my issue. So If you can take personal interest to look in to the matter, I would be grateful. Thanks.

    • Tejas Khoday Tejas Khoday says:

      Hey Dhruv, Your issue will be resolved within 1 day and you will get a conclusive answer. Thanks for getting in touch.

      • Avatar Dhruv says:

        Thanks Tejas Sir. It means a lot to me as a client when CEO takes so much care. I really appreciate it. 🙂

        Thanks once again!

      • Tejas Khoday Tejas Khoday says:

        It’s my job and pleasure. Thanks!

  • Avatar soorya says:

    Investor’s community is worried about such incidents happened. the information mentioned on this page is really helpful

  • Avatar Rahul Singh says:

    Tejas DIS through OTP may be one of the solutions like the Upstox is practising these days… If you dont want to submit POA one can sell shares through One Time password… Everytime you want to sell shares in delivery they send you OTP and selling is done… I find is good and transparent practise….. If something like this is possible introduce in fyers

    • Tejas Khoday Tejas Khoday says:

      Hi Rahul, we are aware of this but there are several things to consider. Thanks for your feedback.

  • Avatar Mahesh says:

    I remember reading the exact same post from Zerodha a couple of days ago. I have an account in both places. Good going Fyers

    • Tejas Khoday Tejas Khoday says:

      Our business is built on the premise of avoiding any conflict of interest with our clients. I have been personally trying to increase awareness about the risks associated with the POA in the past before such scandals broke out and have plagued the capital markets. Thanks.

  • Avatar Ramanand Swamy says:

    This is a serious concern and such incidents spreads fear among the traders. Hoping Fyers keeps itself away from such things, we will surely continue to trust the firm the way we are. Good luck.

    • Tejas Khoday Tejas Khoday says:

      Hi Ramanand, I understand how you feel as a Demat account holder. I have been writing about this for the longest time much before such large scandals have come to the public’s knowledge. It is very important to deal with a company that does not have vested interests. One thing is for sure, this incident at Karvy will surely trigger a new set of regulations which will hopefully help to avoid such scams in the future.

  • Avatar Sunil says:

    Thank You for the informative blog.

    • Tejas Khoday Tejas Khoday says:

      Hey Sunil, I wanted to write about this earlier but managed to finish writing last night. Thx.

  • Avatar Vyshnavi says:

    Thanks for the confidence you’re providing to clients and the level of educating clients I’m happy for associating with Fyers.

  • Avatar Jahangir says:

    Excellent article sir. It’s my pleasure to be associated with Fyers Securities.I had my doubts after the karvy issue but now i can rest assured. Also the safety measures mentioned in this article is very helpful.

  • Avatar Bikash says:

    Can I register on the portals of either of the central securities depositories – NSDL or CDSL, depending on which entity my DP is registered with? so I can have an eye on the moment of my shares in my demat.

  • Avatar Rajesh Patel says:

    Very Nice Blog, Thank you for educating us on the current scenario. This makes me more confident to be associated with FYERS.

  • Avatar Rajesh Srivatsav says:

    Great article Sir. Due to this Karvy Crisis I was very much skeptical about the stock brokers, but after reading this article I’m very much relieved and glad to be associated with FYERS securities. Also the safety measures were Informative and reassuring.

    • Tejas Khoday Tejas Khoday says:

      This incident will surely trigger a new wave of regulations to make the stockbroking world more transparent. We have been following the best practices since day 1. Avoiding conflict of interests is one of our main agendas.

  • Avatar Rohan says:

    Thank You for the informative article.

  • Avatar Mahesh says:

    As a long term trader this kind of timely updates builds more trust on FYERS.

  • Avatar shashank says:

    Thanks a lot for your information & safety measures & I have verified all the holdings and everything is in my DP account & it helps us to trust more on Fyers.

    • Tejas Khoday Tejas Khoday says:

      Like I have said in the post, securities are moved from the clients’ Demat account only upon authorization by the client. We haven’t had a single instance of pledging securities for any purpose. We are clear about this.

  • Avatar Sukerthi says:

    This gives me more confidence, To be associated with Fyers. Thank you for such a quick review and for educating us on the current situation.

Leave a Reply

Submit & Download
×
Submit & Download
×