FYERS 30 Day Challenge – Your Gateway to Free Trading!

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.

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 @ www.fyers.in, the youngest team to get NSE’s broker license. FYERS was started as a mission to enhance the terrain for traders and investors in India. He previously worked at Zerodha, Futures First & has been a professional trader for several years.

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Showing 61 comments
  • Deepa
    Reply

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

    • Tejas Khoday
      Reply

      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.

  • Rahul
    Reply

    How are Trading Days considered?

    • Tejas Khoday
      Reply

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

  • Sangeeta
    Reply

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

  • Manisha
    Reply

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

    • Tejas Khoday
      Reply

      Thx Manisha!

  • Punneth
    Reply

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

    • Tejas Khoday
      Reply

      Awesome Punneth, all the best!

  • sumit
    Reply

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

    • Tejas Khoday
      Reply

      Thanks Sumit!

  • rishab
    Reply

    Another challenge to break my previous record. :-p

    • Tejas Khoday
      Reply

      All the best man!

  • rohan
    Reply

    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.

  • ruchi
    Reply

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

    • Tejas Khoday
      Reply

      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

  • pranjal
    Reply

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

    • Tejas Khoday
      Reply

      Nope. It’s easy, just takes a click.

  • deeksha
    Reply

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

    • Tejas Khoday
      Reply

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

  • Jinal
    Reply

    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
      Reply

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

  • kenjal
    Reply

    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.

    • Tejas Khoday
      Reply

      You can track your P&L in the back office.

  • Murali
    Reply

    Good Initiative !

  • AMIT KUMAR PANDEY
    Reply

    when you will launch Bracket order and cover order functionality ?

  • Souro
    Reply

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

  • wangdu
    Reply

    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?

  • Hena
    Reply

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

  • Rajesh
    Reply

    Very Innovative concept.

  • SHASHANK
    Reply

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

  • Rashmi
    Reply

    Ahh…..haa……this is a good news.

  • Mason Saha
    Reply

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

  • CR Gupte
    Reply

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

  • Chetan
    Reply

    Can you mail me current list of stockwise leverage offered?

  • Hitendra Patil
    Reply

    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?

  • Jayakumar Jagannathan
    Reply

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

  • Mahesh Patil
    Reply

    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.

  • Gaurav
    Reply

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

  • Sahana
    Reply

    This is a very nice concept for maximum benefits.

  • Aman
    Reply

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

  • Murali
    Reply

    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!

  • Shivakumar
    Reply

    Till when is this 30 day challenge valid.?

  • preetham
    Reply

    Should I make more profit than my brokerage to win?

  • Tejas Khoday
    Reply

    Thanks. Hope this helps motivate you in some small way.

  • Tejas Khoday
    Reply

    Thanks Rajesh, do tell your trader friends about it. They might not know yet 🙂

  • Tejas Khoday
    Reply

    Hey Hena, if you win, you certainly will! 🙂

  • Tejas Khoday
    Reply

    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.

  • Tejas Khoday
    Reply

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

  • Tejas Khoday
    Reply

    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.

  • Tejas Khoday
    Reply

    Thx!

  • Tejas Khoday
    Reply

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

  • Tejas Khoday
    Reply

    Awesome.

  • Tejas Khoday
    Reply

    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”.

  • Tejas Khoday
    Reply

    Hello Jayakukmar, We don’t train people as yet. But I can guide you to some really useful reading material so you can learn from the best sources. Here’s a book review I wrote for options trading: https://www.fyers.in/options-as-a-strategic-investment/

  • Tejas Khoday
    Reply

    No, you can take the challenge any number of times you want. 🙂

  • Tejas Khoday
    Reply

    Thanks Sahana! Tell your friends who trade too.

  • Tejas Khoday
    Reply

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

  • Tejas Khoday
    Reply

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

  • Tejas Khoday
    Reply

    Well, I guess forever.

  • Tejas Khoday
    Reply

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

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