Fyers 30 Days Challenge - Discussion

[manishald]

what is the maximum brokerage that Fyers has returned to 30 day challenge winner?

 

[Tejas Khoday]

what is the maximum brokerage that Fyers has returned to 30 day challenge winner?

I can't give you the exact number but it is far in excess of ₹50,000/-.

 

[Ajaya Kumar Rath]

My 3rd 30 day Challenge. Thanks for giving me back 65k.

 

[rahulsharma17]

My 3rd 30 day Challenge. Thanks for giving me back 65k.

How much refund did they give you for all three months? 65k only this time or for all 3 times? How will fyers make money then haha

 

[Ajaya Kumar Rath]

Yes, your laughter, I can understand, but it is true. I received nearly 1.4 lakh. How fyers make money On that question, team Fyers will reply. As far as I know, 95% traders lose money. I may be wrong.

 

[Krushanranjan]

My 3rd 30 day Challenge. Thanks for giving me back 65k.

65000 refund? What the hell. They are giving you STT and stamp duty refund also or what?

 

[rahulsharma17]

Yes, your laughter, I can understand, but it is true. I received nearly 1.4 lakh. How fyers make money On that question, team Fyers will reply. As far as I know, 95% traders lose money. I may be wrong.

Yeah, I remember your post where you had shown a screenshot of the brokerage refund around Rs.35k twice, but Rs.65k is a huge amount indeed. I know the challenge says there is no upper cap in brokerage refund but I never knew this amount could go up to Rs.65k Anyway thanks for the information.

 

[Tejas Khoday]

65000 refund? What the hell. They are giving you STT and stamp duty refund also or what?

Hey @Krushanranjan, Unfortunately, the government has not offered to pay back taxes to the winners of the 30 Day Challenge!

Yes, the total refund paid to some winners like Ajay in aggregate is far in excess of 65,000. In his case, it is ₹1,40,000/- lacs+ so far! Call us crazy, but yeah it's true. The refund amount is exclusive of STT and Stamp Duty of course.

 

[Srinivas I]

1.4 lakhs brokerage refund? What in the world!! Am I missing something here???

 

[Newbie Day-Trader]

Last time I checked on some website (though not sure how accurate it was), most smaller brokerages were making like a few lacs of profits A YEAR, if that!