FYERS

[AMIT PANDEY]

I think min 7 rs will be charged on an order, that means even if you book profit with a partial quantity.

So in this example, if I buy 100 shares (7rs min) and sell( booking profit/loss) 30 shares in 1st order (7rs), 50 shares in 2nd order(again 7rs), 20 shares in 3rd order(once more 7rs). So total brokerage will be 7+7+7+7=28 rs. Which is way heigher than earlier.

Please let me know if my assumption/ I made any mistake in the above calculation

Sent from my Realme1 using Tapatalk

you are right.

 

[kaly422000]

I trade fixed strategy on my nifty-fut. I said this yest and today, make it inr. 30. i'm ready to pay. thats also a 50% hike.

but a real trader cannot have one strategy and run it for life. I'm sure Tejas sir will agree.
there is lot of tinkering and i have to run it on single qty stocks.
If its cost, tgt the whole slab, not one section of trades/traders.

if you missed my post, there is no problem with 3X increase in brokerage, but the min. 7 works out to be upto 2.5% in commissions of turnover each side so 5% on a trade?
only sebi thought its justified.
and by the way its not inr 7, its 14 on the whole trade and the per executed order fine print.

I also feel broker should earn, govt should tax but where is the balance ?

ys u sud know trading is losing for 95% of traders but then also we trade

 

[Traderjeet1]

There is some serious flaw in this 2.5% or inr 7 per order logic which some ppl mentioned on telegram.

Some users here said there is brokerage refund and it justifies minimum brokerage.
but there is big clause of API users not eligible.
so if i'm using API, then where is the question of earning back from brokerage refund?
my api will trade only 1 unit or small turnover. Effectively API is not free although being marketed in such a way.
Infact will turn out to be very expensive.

I honestly signed up for Fyers and moved everything here based on transparency but i dont know that anymore.

I thought of using api to send orders because neither Fyers one or Tradingview is light-weight.
My suggestion is to create a lightweight portal just for order punching, i will give up api. I have my charting tool and data vendor.
Dont need api.

 

[FYERS_Team]

Missed my query.

Once registered for API wouldn't be considered for 30 Day challenge. Since you can create & delete the App whenever required & therefore it's not plausible to track this.

 

[FYERS_Team]

@FYERS_Team
Please could you look into query #6412251.

Noted. Will look into it.

 

[shabbirhasan]

@FYERS_Team What is the problem with Fyers Support Team, They Do not do the work what they are supposed to do.

First Fyers Support Team does not respond then we have keep on reminding and Why you write them and send them the coorect data, then they will send you and email that we have not sent the required data, without doing their homework means checking their inbox first. Pathetic. (#2827144, #9942395)

 

[Traderjeet1]

Once registered for API wouldn't be considered for 30 Day challenge. Since you can create & delete the App whenever required & therefore it's not plausible to track this.

There should be a one-time reversal for this process. Even i didn't read so much fine print when i started.
Kindly forward this request.
Earlier it didn't seem so necessary to claim challenge but now i would rather punch orders manually and because of uneven brokerage structure been changed.
Some members here harping on how one can claim-challenge so i would also like a chance.

 

[Traderjeet1]

@FYERS_Team What is the problem with Fyers Support Team, They Do not do the work what they are supposed to do.

First Fyers Support Team does not respond then we have keep on reminding and Why you write them and send them the coorect data, then they will send you and email that we have not sent the required data, without doing their homework means checking their inbox first. Pathetic. (#2827144, #9942395)

cut them some slack, in covid times, efficiency drops. happened with me too but its everywhere, not just one place.

 

[Tejas Khoday]

still we are using .03 flat in zerodha and upstox,aliceblue(still .01 for intraday cash) etc . they have also good technology and also recently many offline brokers eleminating minimum brokarage. For future traders this is not a problem and i also trade in future but sometimes it need to experiment with some strateji and that need cash intraday. any way for delivery trade brokarage can be raised to .1. it is my idea. any way i am surprised to see u commenting in my post favoring in such a way. we here not against other charges ,only that rs 7/

We undertake immense technology costs as a percentage of our revenues to give you a good experience. Yes, I am very well aware of the fact that there are other discount brokers in the market and that you are free to choose. Despite that, we introduced a bare minimum fee for a reason. This will ultimately benefit you and all other clients in the long-run. Let's say for testing you buy and sell 1 share of 100 rupees. Without a minimum brokerage, your brokerage will be 3 paise on each side and 6 paise on the whole. Let's say you do this a couple of times for testing. Did you know that the cost of sending you the contract note alone is higher than the brokerage in such cases? This is not including the various other costs that we incur as I don't even want to get into those details. This is just to give you a perspective. To continue to be able to invest in technology and resources to give you a good experience, the fees have to justify the expenditures, right?

Anyways, let's not forget that we give up to ₹10,000 as brokerage refunds to clients that win the FYERS 30 Day Challenge. Why don't you attempt to win and earn back all the brokerage that you incurred? We're the only ones in the market to encourage profitability by putting our own revenues at stake. Think about it! One has to be rational at the end of the day.

Happy Trading!

 

[soft_trader]

What are the intraday margins you are providing currently for futures and option writing?