Fyers
Fyers Review
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 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
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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.
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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.
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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.
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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.
- Trade on BSE, NSE, and MCX.
- Free investments in IPOs and mutual funds.
- Rs 20 fixed fee for all trades.
- Invest in IPOs, OFS, SGBs, G-secs, and T-bills.
- NRI trading fees are just Rs 50 per order.
- Easy-to-use mobile app and website for investors.
- Fyers Next and Fyers One are fast trading tools for traders.
- Fyers Thematic Investing lets you invest in expert-picked stocks.
- Start automated trading for free with Fyers API.
- Use bracket orders, cover orders, GTT, AMO, and basket orders.
- Fyers School of Stocks offers free stock market lessons.
- Tools available: margin calculator, brokerage calculator, SIP & lumpsum calculator, etc.
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
Transaction Charges
- Trading Account opening charge – Free
- Demat Account opening charge – Free
- Commodity Account opening charge – Free
- Demat Account Annual Maintenance (Charges levied by IL&FS)– 0
| FYERS Charges | EQUITY Delivery | EQUITY Intraday |
|---|---|---|
| Brokerage | 0.03% or ₹ 20/Trade whichever is lower | Rs 0 |
| Securities Transaction Tax (STT) | 0.1% (Buy and Sell order both) | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00297% | BSE: 0.00375% | NSE: 0.00297% | BSE: 0.00375% |
| Goods and Services Tax (GST) | 18% on (Brokerage + Transaction Charge + SEBI Charges) | 18% on (Brokerage + Transaction Charge + SEBI Charges) |
| SEBI Charges | ₹10/Crore | ₹ 10/Crore |
You need not to pay AMC for 1st year. You will be charged AMC from 2nd year onwards.
For Equity
| CHARGES | FUTURES | OPTIONS |
|---|---|---|
| Transaction Charges | 0% | 0.05% |
| Clearing Charges | 0% | 0.05% |
| GST | 18% on Brokerage + Transaction Charges | 18% on Brokerage + Transaction Charges |
| SST | 0.01%, Sell Side | 0.01%, Sell Side |
| SEBI Charges | ₹10 per crore | ₹10 per crore |
For Currency
| CHARGES | FUTURES | OPTIONS |
|---|---|---|
| Transaction Charges | 0% | 0.04% |
| GST | 18% on Brokerage + Transaction Charges | 18% on Brokerage + Transaction Charges |
| SEBI Charges | ₹10 per crore | ₹10 per crore |
Margin
| Segment | Margin/Limit/Leverage |
|---|---|
| Equity Delivery | Upto 1X |
| Equity Intraday | Upto 5X |
| Equity Futures | Upto 1X |
| Equity Options | Upto 1X |
| Currency Futures | Upto 1X |
| Currency Options | Upto 1X |
| Commodity Futures | Upto 1X |
| Commodity Options | Upto 1X |
Customer Support
You can contact Fyers through:
- Email: You can raise your queries regarding your account on su*****@fy***.in.
- Phone: You can call the support team through a phone call dialing the below number.
- Account opening: tel:080-456 99 999
- Customer Support: tel:080-600 01 111 (Mon-Fri: 8:30 AM – 11:55 PM) (Sat: 8:30 AM – 5:30 PM)
- Head Office: Brigade Magnum, 9th Floor, Wing A, International Airport Road, Kodigehalli Gate, Hebbal, Byatarayanapura, Amruthahalli, Bengaluru – 560092.
Overview
FYERS is one of the newer entrants in the discount broking industry. FYERS has an active client base of 2,45,314 as of November 2024. Fyers uses technology to make trading easier by offering various tools and platforms for computers and mobile devices. It also provides online brokerage services for different financial products like stocks, mutual funds, and derivatives. Fyers is better for traders than for investors because of its features.
Fyers is a low-cost stock broker in India. They have some of the lowest fees for online trading. Fyers charges a maximum of Rs 20 for each order, no matter how big or small it is. For Equity Delivery, they charge either 0.03% or Rs 20, whichever is less.Fyers provides a free website for trading, a desktop trading program, and a mobile app for its customers.
Specification: Fyers
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