FYERS

[AJK]

Took some BEL. Monthly pattern looks good.

 

[art345]

Looks like this is a very rare case scenario. Please share your contract note so that we can investigate further.

Since this is your first message on @Traderji, I extend you a warm welcome

A screen shot of my contract note.
Hope you can find the full contract note .

 

[backbench]

backbench said:
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.

Tejas Khoday/Fyers Team,
It seems you are ignoring my querry to answer.What is the purpose of this thread since you are not willing to clear the doubt of a trader? I hope you will reply.

 

[soft_trader]

backbench said:
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.

Tejas Khoday/Fyers Team,
It seems you are ignoring my querry to answer.What is the purpose of this thread since you are not willing to clear the doubt of a trader? I hope you will reply.

Your brokerage would be 15+15= 30INR (applicable if you use MIS order type and not bracket order)
If you use bracket order then brokerage would be 70+70= 140INR (as per your example)

 

[suchandra]

Thank you Tejas Sir for your advice "to make my efforts worthwhile".

I am an absolutely new trader. For proper risk management, I do not utilize much leverage. I have Rs. 50,000 in my account. For each trade, I use only 0.5% of my capital as Stop Loss for Position Sizing. I put 4 such trades everyday putting max. 2% of my capital at Risk. Thus my average daily turnover comes to around Rs. 2 Lacs in each leg.

Every trader has his own risk management method. But does it have anything to do with charging Rs.7 on each split order on which no trader has any control. How do you justify such draconian practice ?

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!

 

[kaly422000]

dont have that percentage calculater but for genarating rs 7/ in intraday cash what is the minimum amount required,if trade executed in one part

 

[soft_trader]

dont have that percentage calculater but for genarating rs 7/ in intraday cash what is the minimum amount required,if trade executed in one part

23,350 INR

 

[D.Hatkar]

View attachment 42550


Most of the time my dasboard look like this only..No watchlist loaded...We thought that the tradingview software is good..but its the reverse..matter of serious concern..if you tel that my network is slow..i can compare the ant web and your platform side by side

I too am facing similar problems everyday.

 

[TracerBullet]

A screen shot of my contract note.
Hope you can find the full contract note . View attachment 42570

@FYERS_Team -
A lot of these orders seem to have been filled instantly at 11:55:39. What exactly is the rationale for splitting these orders and charging brokerage multiple times? In effect then, brokerage becomes volume based - even for futures - which is fine but should probably be clearer.

I had asked this question earlier without direct reply and i would like to understand how it works. I dont yet trade with Fyers so cant test myself -
If my bracket/cover order executes instantly ( so say a market or SLM order) do you still split it up into multiple orders based on individual transactions ( which is normally visible in tradebook in Nest). This is what is seemingly happening above.

 

[superman]

@FYERS_Team -
A lot of these orders seem to have been filled instantly at 11:55:39. What exactly is the rationale for splitting these orders and charging brokerage multiple times? In effect then, brokerage becomes volume based - even for futures - which is fine but should probably be clearer.

I had asked this question earlier without direct reply and i would like to understand how it works. I dont yet trade with Fyers so cant test myself -
If my bracket/cover order executes instantly ( so say a market or SLM order) do you still split it up into multiple orders based on individual transactions ( which is normally visible in tradebook in Nest). This is what is seemingly happening above.

Its all about the bid ask spread in exchange. Lets say there are 10 different investors who are selling at a particular price ; if your quantity is equal to those 10 added together, you will have 10 different orders. It normally happens for scrip having price > 1000. Its the exchange which does it AFAIK not broker. But yes you will be in heavy loss due to brokerage if there is a min price per order