FYERS

[FYERS_Team]

@FYERS_Team @Tejas Khoday do you have clearing charge? It is not clearly mentioned in the brokerage calculator. If yes, what is the clearing charge?

Also, in your brokerage calculator currency stamp duty for west bengal is 0.000% so are you not charging any stamp duty or is it a mistake?

What are the intraday margin you are providing 'currently'?

Yes, check out the Support Portal article on statutory charges levied -
What are the statutory charges levied by the government and regulatory authorities?

Also, How is stamp duty calculated?

Kindly read Stamp duty for WB, for currency segment is 0.002%. We will update this there as well.

For Intraday Margin, check out our Margin Calculator.

 

[AMIT PANDEY]

Hello @suchandra, Thanks for writing.

Please note that if you have placed an order for a value of ₹20,000/-, you probably have used ₹2,000-3,000 of your capital assuming that the stock which you're trading in has a leverage of 7-10x, Please note that to be profitable in trading or to make your efforts worthwhile, you must trade with an amount of money that makes sense. I understand a few trades can be of small value but if you think you are going to sustain in trading, such a small capital will do more harm than good in the long-run. Just my 2 cents. At the end of the day, it is completely up to you.

I am not against you or any other traders trading with smalls sum of capital. In fact, we don't differentiate between big & small traders at FYERS and provide the same services regardless of how much revenues we receive from each client. I am just clarifying that we undertake immense efforts and costs to give you a good trading experience. We are now expanding our IT infrastructure to help make the platform more robust. At the end of the day, our ability to provide a good experience depends on us being revenue positive. Trading with a very small capital is good for testing purposes only and if you are putting invaluable hours of your energy into trading, please consider trading slightly more capital per trade to justify the costs. This is for your own good. Since we have already defined an upper cap of ₹20 per executed order, we have no vested if you trade with a bigger capital as we will continue to make only 20 rupees.

Yes, if you win the 30 Day Challenge, we will refund your brokerage. Since all traders aim to be profitable and that's the most obvious goal, you must be happy that I am openly offering a brokerage refund. No other brokerage in India will give you back a penny of what is earned from you. You can check with others or go through some threads on Traderji. We have refunded crazy amounts and there are numerous clients that have been trading for free with us since inception because they keep winning every single time.

All the best!

Sir small capitals is just used to gain the knowledge and experience of trading.
Untill a trader is profitable with small capital how can he will be profitable with large capital.
So according to me it is better to increase your capital when you are comfortable in a series of drawdown with previous capital .

 

[Tejas Khoday]

Sir small capitals is just used to gain the knowledge and experience of trading.
Untill a trader is profitable with small capital how can he will be profitable with large capital.
So according to me it is better to increase your capital when you are comfortable in a series of drawdown with previous capital .

Hello Amit, The reality is that It is not feasible to trade profitably with 500 or 2000 rupees if that's what you mean by small capital. I'm just giving you a reality check. You will never be profitable with such a small capital size and in fact, you will waste your time and energy trying to make 50 or 100 rupees profits. Your electricity bill will be more than your capital if you keep doing this. If you are investing your time and resources, make it worth it. You are trading to make money so you must first deploy enough money to extract something out of the markets, right? As a brokerage, we are here to support traders' requirements as we continue to build features and make our platforms more robust.

As I said earlier, we give a brokerage refund if you win the challenge. You can begin the challenge here.

All the best!

 

[backbench]

Sir,
If I place buy order for 100 shares of Grasim @ 500 for intraday and say I get it in 10 parts.Same way over selling in single order I get it sold in 10 parts.What is the brokerage will you charge for these trades?Please clarify.

Sir,
Since we can not find answer in brokerage calculator for this querry,please reply for the benefit of all.

 

[AMIT PANDEY]

Hello Amit, The reality is that It is not feasible to trade profitably with 500 or 2000 rupees if that's what you mean by small capital. I'm just giving you a reality check. You will never be profitable with such a small capital size and in fact, you will waste your time and energy trying to make 50 or 100 rupees profits. Your electricity bill will be more than your capital if you keep doing this. If you are investing your time and resources, make it worth it. You are trading to make money so you must first deploy enough money to extract something out of the markets, right? As a brokerage, we are here to support traders' requirements as we continue to build features and make our platforms more robust.

As I said earlier, we give a brokerage refund if you win the challenge. You can begin the challenge here.

All the best!

Sir even we want to run the vehicle at highest speed we start from the first gear systematically increase it to highest possible.
That small profit gives confidence that i know and understand about market not just gambling.Its just like demo trading our account with real money.Profit earned during these period is not used to earn livelihood anyway.
And any trader who is profitable or atleast know what he is looking at market will definitely increase its capital for sure after some .Likewise i have also increased my capital from 1000 to 20000 now and gradually increasing month by month.

And pls don't think i m writing against you ,i m just sharing my view. I personally respect you a lot and a biggest fan of you. I personally want to gain knowledge from your knowledge and experience.

 

[soft_trader]

Sir even we want to run the vehicle at highest speed we start from the first gear systematically increase it to highest possible.
That small profit gives confidence that i know and understand about market not just gambling.Its just like demo trading our account with real money.Profit earned during these period is not used to earn livelihood anyway.
And any trader who is profitable or atleast know what he is looking at market will definitely increase its capital for sure after some .Likewise i have also increased my capital from 1000 to 20000 now and gradually increasing month by month.

And pls don't think i m writing against you ,i m just sharing my view. I personally respect you a lot and a biggest fan of you. I personally want to gain knowledge from your knowledge and experience.

OK guys. Do one thing. Practice with low capital with brokers like finvasia (who is not charging you any brokerage) or any other broker whichever suits you for low capital trading/trsting/learning. And if you love fyers' platform, come back with bigger capital when you gain experience.

There is just no point arguing with fyers. They are the service provider, and do incur cost. Understand their side also. If it doesn't work for you now, then trade with some other brokers which suits you better.

 

[AMIT PANDEY]

OK guys. Do one thing. Practice with low capital with brokers like finvasia (who is not charging you any brokerage) or any other broker whichever suits you for low capital trading/trsting/learning. And if you love fyers' platform, come back with bigger capital when you gain experience.

There is just no point arguing with fyers. They are the service provider, and do incur cost. Understand their side also. If it doesn't work for you now, then trade with some other brokers which suits you better.

Bro we will do what is best for us.it is public discussion form and we are sharing our views and came here to know what fyers think about it.we are noone to force fyers to do something but being a customer of fyers we are sharing our views.

 

[art345]

Hello Amit, The reality is that It is not feasible to trade profitably with 500 or 2000 rupees if that's what you mean by small capital. I'm just giving you a reality check. You will never be profitable with such a small capital size and in fact, you will waste your time and energy trying to make 50 or 100 rupees profits. Your electricity bill will be more than your capital if you keep doing this. If you are investing your time and resources, make it worth it. You are trading to make money so you must first deploy enough money to extract something out of the markets, right? As a brokerage, we are here to support traders' requirements as we continue to build features and make our platforms more robust.

As I said earlier, we give a brokerage refund if you win the challenge. You can begin the challenge here.

All the best!

@Tejas Khoday , Yesterday I place BO for 50 shares of siemens with my small capital, the buy order executed by19 parts and the target order executed by more than 25 parts. For each part fyers took Rs.7 and a total brokerage of Rs.197!. If I have 10 times of my capital I would buy 500 shares and the order executed by 200+ parts and my brokerage will be 200X7X2=2800 rupees. There is no difference how big your capital, you will end up by paying brokerage. Correct me Mr. @Tejas Khoday if Im wrong.

 

[kaly422000]

one technical query if i placed a squire up order(showing open/pending) then if any power failure occur ,then if market goes my way then it sud be executed ,wheather my system is working or not ? though may be answer is simple ,then also want to confirm

 

[soft_trader]

one technical query if i placed a squire up order(showing open/pending) then if any power failure occur ,then if market goes my way then it sud be executed ,wheather my system is working or not ? though may be answer is simple ,then also want to confirm

Yes it would get executed. After entering the limit order, the order sits at the exchange's order execution system waiting to get executed. It doesn't matter whether your system is logged in or not.