Free Trading + Demat Account

Fyers Stock Trading, Demat, Brokerage and Reviews 2017


Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company.

The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India.

Fyers simple pricing model offers trading across segments for same flat brokerage fee of Rs 20 per executed order. No matter how big your order, Fyers charge fixed Rs 20 per trade. Fyers is a low brokerage stock broker in India. They are among the cheapest stock broker online.

Fyers offer in-house build web trading platform, installable desktop trading terminal and mobile trading app, all for free to its customers.

Thematic Investing at FYERS

Thematic (pronounced as THe'madik) Investment is about "investing in ideas" (i.e. group of stocks related to the idea) instead of choosing individual stocks. Fyers offers 100's of predefined themes (or portfolios) which customer can choose from to invest in stock market. Each theme has set of stocks which relates to the idea.

The closest comparison of thematic investment is Exchange Traded Funds (ETF's). The thematic investment offers lot more flexibility over etf's as the companies to invest in a theme are identified by the broker, fund-manage or even a group of people in a community.

How does Thematic investing works?

  • The broker provides set of themes representing ideas i.e. I want to invest in industries in Gujrat.
  • The broker identifies a list of companies matching the theme. Each theme includes number of stocks.
  • Investor choose a theme and invest in it.
  • The broker invest the money in to the individual stocks part of the theme in the proposition identified in theme.

Example:

  • Theme: Muthoot Group of Companies
  • Stocks in this theme:
    • Muthoot Finance Limited - 50%
    • Muthoot Cap Serv Ltd - 50%

If customer invests in this theme, the money gets invested in 2 stocks, 50% in each one of them.

Fyers Thematic Investing platform is a unique offering by Fyers. The key features includes:

  • Themes are available for free to use for Fyers customers. Customer pays only the brokerage at regular price.
  • A theme can be bought and sold in a single click. Investors can also sell or buy by modifying the theme and its constituents.
  • 100+ themes are available
  • Each theme has less than 20 stocks
  • Over 1500 stocks are covered
Special Offer: Get Free Trading for limited time. Get the offer.

Fyers Rating (by the customers)

3 Votes

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 3.0 stars 3.0/5
Brokerage Rated 4.7 stars 4.7/5
Usability Rated 3.7 stars 3.7/5
Customer Service Rated 4.0 stars 4.0/5

Do you trade with Fyers? Rate Fyers

Information about Fyers account opening, Fyers open account, Fyers opening charges, Fyers account opening charges, Fyers account opening status, Fyers amc charges, Fyers account charges, Fyers account closure

Fyers's Trading Platforms

Unlike most other brokers, Fyers has developed its own trading platform. This includes front end as well as backend (including risk management engine and order management system). The trading platform is still in evolution and tons of new features are being added every month.

Fyers trading platform has 3 major applications:

  1. Fyers One (Trading Terminal)

    Build for profession traders, Fyers installable trading terminal is loaded with industry standard features including advanced charting, flexible workspaces, F&O Analysis tools, stock screeners, advanced end-of-day reporting and portfolio tracker.

  2. Fyers Markets (Mobile Trading App)

    Built for traders and investors who likes to trade on the mobile phones, Fyers Markets is an advance mobile trading app with rich features. The mobile app is available for Android and iOS devices. Key feature of Fyers trading app includes multiple watch list, stock screener, pre-loaded options strategies, technical indicator and live stock quotes. Customers can also transfer funds to & from Fyers through this mobile app.

  3. Fyers Web Trader

    Build for investors/traders who are comfortable with website based trading, the Fyers Web Trader is fully functional online trading application. The Fyers Web Trader can be accessed from any web browsers. The feature of this application include portfolio tracker, auto-screened option strategies (multi-leg Orders) and live data feed.

Find info about Fyers platform, Fyers trading platform, Fyers trading software, Fyers trading demo, Fyers Demo, Fyers download, Fyers software download, Fyers software, Fyers stop loss, Fyers trading and Fyers trading account.

Fyers Special Offers

Fyers offer FREE Trading Account (Rs 0 account opening fee). You can trade for just Rs 20 per trade flat broekrage fee across segments.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Fyers Brokerage Charges 2017

  • Trading Account Opening Charges (One Time): Nil (Free)
  • Demat account Opening Charges (One Time):
  • Trading Annual maintenance charges (AMC): Nil (Free)
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 per year (payable upfront every year)

Fyers Brokerage Charges

  • Equity Delivery: 2% of turnover or Rs 20 per trade whichever is lower
  • Equity Intraday: Rs 20 per executed order
  • Equity Future: Rs 20 per executed order
  • Equity Options: Rs 20 per executed order
  • Currency Futures: Rs 20 per executed order
  • Currency Options: Rs 20 per executed order

Fyers Brokerage Fee & Taxes

Fyers Charges Equity Delivery Equity Intraday
Brokerage 2% of turnover or Rs 20 per trade whichever is lower Rs 20 per trade
Securities Transaction Tax (STT) 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges NSE: 0.00325% NSE: 0.00325%
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Charges* State wise State wise
Fyers F&O Brokerage Futures Options
Brokerage Rs 20 per trade Rs 20 per trade
Securities Transaction Tax (STT) 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges NSE: 0.0021% NSE: 0.053%
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Charges* State wise State wise
Fyers Charges Currency Futures Currency Options
Brokerage Rs 20 per trade Rs 20 per trade
Securities Transaction Tax (STT) No STT No STT
Transaction / Turnover Charges NSE: 0.00135% NSE: 0.044%
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges Rs 15/Crore Rs 15/Crore
Stamp Charges* State wise State wise

Fyers Charge / Fee Structure:

  • Securities Transaction Tax (STT): Charged only on the sell side for intraday and F&O trades. It is charged on both sides for delivery trades in equity segment.
  • *Stamp Duty for all states in India and NRIs: Charged based on the state where customer lives.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at Rs 15 per Crore.

Other Charges (Fyers Hidden Fees):

  1. Call & Trade is available at an extra cost of Rs 20 per order.
  2. Admin Square Off is charges additional at Rs 20 per executed order. This is applicable for all MIS/BO/CO positions which are not square off by the customer.
  3. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of Rs 20/- per contract. Courier charges are extra.
  4. DP transaction charges for delivery based equity selling - Rs 20 per transaction + depository charges.

Fyers Demat Account Charges

Fyers offers demat account services through IL&FS. IL&FS's charges for demat account transitions are as below:

ID Transaction Charges
1 Demat Account Opening Charges
2 Stamp Charges payable upfront (at actuals)
3 Annual Maintenance Charges (AMC):
  a. Individuals Rs 400 Per Year (Payable upfront every year)
  b. Corporates Rs 500 (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) Rs 0
  b. Sell(Debit) Rs 20 + Rs 5.50 flat for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) Rs 20 + Rs 5.50 flat for every debit transaction
6 Dematerialization (Per certificate) Rs 2 per certificate
7 Remat (Per ISIN) Rs 25
8 Courier charges per Demat/ Remat request Rs 35
9 Pledge per ISIN 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
10 Unpledge per ISIN 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
11 Pledge Invocation per ISIN 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually
12 Periodic Statement:
  a. By Email Free
  b. Physical Rs 50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
  a. By Email Rs 10 per request
  b. Physical Rs 25 per request (up to 10 pages). Additional page at Rs 5 + Rs 35 (Couier Charges)
14 Delivery Instructions:
  a. First Delivery Instruction Book Free (10 leaves)
  b. Every Additional Booklet Rs 100 (10 leaves)
15 Cheque Bounce/ Per cheque As per the bank
16 Failed Transactions Rs 30 per transaction
17 Modification in CML -
18 KRA Upload / Download -

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Fyers Pros and Cons

Fyers Advantages

  1. Discount stock broker offering ultra low brokerage. Fyers charge flat Rs 20 per trade across trading segments and irrespective to the size of the trade.
  2. In-house build trading platform offers flexibility to quickly implement new features/services.
  3. Thematic investment (a unique offering by Fyers) allows customers to invest in group of stocks. The companies are grouped together (as theme) based on ideas (certain criteria's).
  4. No hidden charges. Very transparent fees/charges.
  5. All trading software's are available for free of charge.

Fyers Disadvantages

  1. Doesn't offer paperless online account opening.
  2. Doesn't have its own depository services. The demat accounts are offered through IL&FS.
  3. Bracket orders (BO) / cover orders (CO) are not available.
  4. Commodity trading (at MCX or NCDEX) is not available.
  5. Exchange transactions charges are slightly higher than other discount brokers.
  6. Demat account charges are higher as DP services are offered by another company (IL&FS).

Enquiry Form

Fyers Exposures (Margin)

  1. Intraday Trading: Fyers offers 5 to 20 times exposure or leverage for stocks on which F&O trading is allowed. For most other stocks; Fyers gives 5 times exposure. Margins are given only for Intraday trading.
  2. Fyers Exposure for trading in Futures - Fyers lets clients take MIS (Margin Intraday Squareoff) positions with following margin:
    • Equity & Index futures - 40% of NRML(Normal) margin (Order squared off at 3:20pm)
    • Currency futures - 50% of NRML(Normal) margin (Order squared off at 4.30pm)
  3. Fyers Margin for Options - Fyers doesn't offer any margin for buying Options.

Fyers Membership Information

  1. Fyers SEBI Registration Number: INZ000008524 (Aug 06, 2015)
  2. Fyers NSE Member ID: 90061 (Aug 24, 2015)

Fyers Securities Ltd Reviews

avatar
3. Rajkumar  Sep 15, 2017 2:11:24 PM IST Reply
Not much worthy as I was expected. Fyersone is good but when its come to trade, its useless. Web platform is good because its from Tradingview. I have opened account in fyers because of the web platform but when i do trade in web, order management issue happen and every time need to load template when u press Reload. feel not good with them.

Anyway, Thanks for ur support fyers.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Below Average
avatar
2. Jones  Oct 4, 2017 3:45:10 PM IST Reply
They have the best trading platform which have all the screeners and many more features.I am totally satisfied with them.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
1. GANESH PRASAD YADAV  Oct 12, 2017 7:24:32 PM IST Reply
Thanks for you provide thematic trading your team is hard work for your CLIENTS ???!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent

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