FYERS

[Raj232]

Yeah, like how these forex platforms provide leverage of 1:1000 and small retail traders are so fascinated by it. In effect, even a 0.1% move can wipe out 100% of their capital.

Dear Mr Tejas,

Thanks for your responses on traderji platform, it seems you might be occupied the whole day only responding to queries and implementing ideas that might improve the Fyers platform.

As a layman as well as some marketing background, I would say the below points which probably you could consider which will definitely help in the long run.
Please ...
1. Choose quality over quantity: if some idea is being implemented, please do a thorough quality check on the same.
2. Leverage is specified by exchanges so really nothing can be done except for intraday. In fact it would be better to provide technological advantage based on scanners, etc that will keep traders solvent rather than busting accounts overnight
3. Please have a look at “Option Oracle” free version was available and provide “OPTION GREEKS table” alongside the Option chain that includes Delta, Gamma, Vega, etc. See pic
http://www.esignal.com/medias/2015/10/options-analytix-option-chain.png

4. Please include : Spread Selector, Projection Tool, Decay Tool as seen in eSignal like to webpage is here: http://www.esignal.com/products/more-trading-products/options-analytix/

The above if implemented will give FYERS a strong edge over other discount brokers.. and will surely keep you in business for a long time.
5. See software of Sharekhan, ThinkorSwim, eSignal and implement those features.. you will be at the top end of all discount brokers.
… so much for now.. Thank you.

 

[Tejas Khoday]

Dear Mr Tejas,

Thanks for your responses on traderji platform, it seems you might be occupied the whole day only responding to queries and implementing ideas that might improve the Fyers platform.

As a layman as well as some marketing background, I would say the below points which probably you could consider which will definitely help in the long run.
Please ...
1. Choose quality over quantity: if some idea is being implemented, please do a thorough quality check on the same.
2. Leverage is specified by exchanges so really nothing can be done except for intraday. In fact it would be better to provide technological advantage based on scanners, etc that will keep traders solvent rather than busting accounts overnight
3. Please have a look at “Option Oracle” free version was available and provide “OPTION GREEKS table” alongside the Option chain that includes Delta, Gamma, Vega, etc. See pic
http://www.esignal.com/medias/2015/10/options-analytix-option-chain.png
View attachment 21542
4. Please include : Spread Selector, Projection Tool, Decay Tool as seen in eSignal like to webpage is here: http://www.esignal.com/products/more-trading-products/options-analytix/

The above if implemented will give FYERS a strong edge over other discount brokers.. and will surely keep you in business for a long time.
5. See software of Sharekhan, ThinkorSwim, eSignal and implement those features.. you will be at the top end of all discount brokers.
… so much for now.. Thank you.

@Raj232 Yes, we'll focus on quality over quantity. It's the long-term agenda. Currently, on Fyers One we have an options chain but with slightly lesser features than eSginal. Check this out: https://www.fyers.in/nse-options-chain-for-all-futures-and-options-contracts-fyers-one/. We have option greeks too. But in a separate window: https://www.fyers.in/how-to-use-option-calculator-on-fyers-one/

Thanks for your suggestions. Btw, are you using a paid version of eSignal?

 

[Raj232]

@Raj232 Yes, we'll focus on quality over quantity. It's the long-term agenda. Currently, on Fyers One we have an options chain but with slightly lesser features than eSginal. Check this out: https://www.fyers.in/nse-options-chain-for-all-futures-and-options-contracts-fyers-one/. We have option greeks too. But in a separate window: https://www.fyers.in/how-to-use-option-calculator-on-fyers-one/

Thanks for your suggestions. Btw, are you using a paid version of eSignal?

@Tejas Khoday Thanks for the quick response. The eSignal software was used by my ex-boss who is more like a proprietary trader trading various exchanges. I dont use eSignal as it seems expensive.

The option chain which Fyers offers is a basic one, therefore my my suggestion to get that extra edge.
[Reliance Securities has implemented it halfway and suddenly development stopped ]

 

[Tejas Khoday]

@Tejas Khoday Thanks for the quick response. The eSignal software was used by my ex-boss who is more like a proprietary trader trading various exchanges. I dont use eSignal as it seems expensive.

The option chain which Fyers offers is a basic one, therefore my my suggestion to get that extra edge.
[Reliance Securities has implemented it halfway and suddenly development stopped ]

Good to know. Thanks for your suggestions and keep them coming. Although it will take some time to make all the stuff you'll are suggesting here, at least we can plan a proper roadmap.

 

[cloudTrader]

@Tejas Khoday,

Does FyersOne allows to prepare custom scanners ? Also can we code custom indicators or reference levels ? Sometimes a trader needs to include an indicator or certain reference levels [for eg. A High/Low made 3 Days before Today or like an Average level of certain previous periods] which he feels comfortable with. Will it be possible to write such custom modifications ?

 

[Creep]

I was checking your website now, your transaction charges are much much higher than others. I am reading it correctly, Rs 100/crore for futures and Rs 900/crore on options premium? That is 2 to 3 times more than all discount brokers? Also DP charges are double to what Upstox/Tradesmart/Zerodha charge? What is the point if you reduce brokerage and increase costs here?

 

[Tejas Khoday]

@Tejas Khoday,

Does FyersOne allows to prepare custom scanners ? Also can we code custom indicators or reference levels ? Sometimes a trader needs to include an indicator or certain reference levels [for eg. A High/Low made 3 Days before Today or like an Average level of certain previous periods] which he feels comfortable with. Will it be possible to write such custom modifications ?

There is some basic level custom search available in Trend Scanner as of now. You can't code as yet.

 

[Tejas Khoday]

I was checking your website now, your transaction charges are much much higher than others. I am reading it correctly, Rs 100/crore for futures and Rs 900/crore on options premium? That is 2 to 3 times more than all discount brokers? Also DP charges are double to what Upstox/Tradesmart/Zerodha charge? What is the point if you reduce brokerage and increase costs here?

Hello Creep, our transaction charges are ₹240 per crore (12.5% more than Zerodha, theirs is ₹210) in futures & ₹5900 per crore (11.3% more than Zerodha, theirs is ₹5300). By the way, these charges are levied by the clearing member and not us. We don't make any income out of it and don't have any internal arrangement with the clearing member for kickbacks. If you look at other brokers, their transaction charges are way higher than ours.

With higher volumes, it is certainly going to reduce in the future.

 

[timepass]

Fyers, here we have a thread "Discount Broker Comparison".

Maybe it will give you insight into the members' expectations. Go through it fully.

 

[Tejas Khoday]

Fyers, here we have a thread "Discount Broker Comparison".

Maybe it will give you insight into the members' expectations. Go through it fully.

Yes, will do. I have read a few posts.. Will surely sit on it EOD when a bit free.