Fyers Review (?– Best Charting Solution)
FYERS (Focus Your Energy and Reform Self) is a discount broker startup founded by Tejas Khoday in 2015, known for its world-class charting by tradingview and trading platform. They are more like a startup but now they have established themselves. They did not have their own DP Service. They provide High exposures (margin) in all segments across F&O and intraday equities & allows you to trade over F&O, Equity Cash and Currency Derivatives segments. Even it’s one most recommended broker in the discount broker for intraday trading. Fyers rated overall 8.8 out of 10 as per the latest review.
Fyers customer base grown significantly over a couple of years due to its reliable & robust trading platform. Now they also offer Free thematic investing basket of stocks that reflects an idea (Similar to Mutual Fund) which allows investing in ready-made stock portfolios.
Trading Platform & Product
FYERS Web (Web-Based Trading Platform)
Fyers web is a website based online trading platform designed for web based trading. This web based trading platform can be accessed from Desktop, laptop, tablets & mobile directly without installing any application. This platform has a very simple user interface that Offers extensive advanced charting & Intuitive dashboard to track back all exhaustive data & portfolio.
Fyers One (Trading Terminal for Desktop)
Fyers one is a trading terminal designed for professional traders. Users can download and install this application on their desktops and laptops and avail of high-speed order execution, instant market watch, personalized notifications and alerts. This can be operated on even lower bandwidths as 2G & 3G speed.
Fyers Market (Mobile Trading App)
Fyers market mobile app is not only a trading platform this platform also allows you to do research using Heat maps, screener, index meter & other features. This mobile app is Really fast and reliable for technical analysis.
Thematic Investment (Portfolio Of Stock)
This product offers thematic investment options which make investment process simpler due to professionally managed ready-made stock portfolios which are alternate of a mutual fund but always give higher return compared to the mutual fund. Fyers didn’t charge for thematic investment.
Fyers Account Opening Process
The sales team will call you back for an account opening. In the meantime, you can follow these steps for the fyers account opening.
- Online Account Opening (Using Aadhar)
- Offline Account Opening (Need to Courier account opening documents)
In case of an Online account opening, Then you need to follow these steps to E-sign account opening documents. If you only open a trading account then you don’t need to send any physical form (Power Of Attorney) but if you also open want to open a demat account then you need to courier Physical Power Of Attorney to Fyers Headoffices.
Account Opening document
You need these documents to open a demat & trading account with Fyers.
- Pan Card
- Aadhar Card
- Latest Bank Statement- 6 month (For F&O Section)
- Bank Passbook First Page (Bank Proof)
- Signature & Passport Photograph
- Trading Account opening charge – Free
- Demat Account opening charge – Free
- Commodity Account opening charge – Free
- Demat Account Annual Maintenance (Charges levied by IL&FS)– ₹400 + Tax
|Call & Trade Services
|₹20 per executed order
|Admin Square Off Charges
|₹20 per executed order
|NRIs Brokerage Charges
|₹100 per executed order (For all segments)
You need not to pay AMC for 1st year. You will be charged AMC from 2nd year onwards.
It is one of the cheapest discount stock broker in India having charges as below-
- Brokerage For Equity Delivery – Free
- Brokerage For Equity Intraday – 0.01% or Rs. 20 per trade whichever is lower.
- Brokerage For Equity Futures – 0.01% or Rs. 20 per trade whichever is lower.
- Brokerage For Equity Options– Flat Rs. 20 per trade.
- Brokerage For Currency F&O – 0.01% or 20 rs per trade
- Thematic Investment Charges – Free
No margin is provided for Delivery Trades.
- Equity Intraday – up to 20x
- Futures (Buy & Sell) – up to 3x
- Options (Buy & Sell) – up to 3x
- Commodities MCX – up ton 3x
|Segment Wise Broekerage
3 reviews for Fyers
- Free Thematic investing (Like Smallcase)
- Best Advanced Charting Solution
- Zero Brokerage in Delivery Trades
- Flat 20 rupee Brokerage Maximum
- Refer and Earn Program
- Faster order Executions
- Excellent customer support
- Fyers 30 Days Challenge for Brokerage Back
- Not having an online account opening process
- Did not have own DP Service
- You cannot Subscribe to IPO
- No Mutual Fund Platform