FYERS broker joins TradingView

After Dhan, Fyers has also joined TradingView.
How long will Zerodha do?

Zerodha should start MTF facility for swing traders.

@nithin What do you think?

4 Likes

We won’t do this @Ravinder_Sharma. There are a few issues with this.

  1. It is regulatory grey or maybe even black. All internet-based trading platforms (from where the order originates) must be registered in the broker’s name at the exchanges. Or a standalone platform that doesn’t belong to the broker has to be empanelled as an ASP (especially if the same website or app has to power multiple brokers) at the exchange, which Tradingview isn’t. Here is the link to see empanelled vendors

https://www.nseindia.com/trade/platform-services-non-neat-empanelled-vendors-of-the-exchange.

  1. Even if they were empanelled, we’d still not outsource and build dependency on a third party for the most core piece of our business.

This is one of those things where you’d remember this dialogue from Sarkar. :grimacing:

Nazdiki fayda dekhne se pehle; door ka nuksaan sochna chahiye

Here’s an example of another cautionary tale of external dependencies.
https://twitter.com/deepakshenoy/status/1674243927161856000?s=46

27 Likes

Hats Off.

atleast bring the audio price alerts option like tradingview implements it,baki jane do. baki zerodha is good

1 Like

Beware, Fyers is a shady broker.