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Fyers Securities Review-Options Trading, Brokerage and Platform

Published on Thursday, September 13, 2018 by Chittorgarh.com Team | Modified on Monday, July 18, 2022

Fyers Securities Review-Options Trading, Brokerage and Platform

Fyers Securities Review-Pros & Cons

Pros

Cons

One of the lowest, flat brokerage on Options of Rs 20 per executed order

Demat account charges are higher as Fyers don't have its own depository services. The demat account is offered by IL&FS

In-house developed free Options Trading Platform 'Fyers One' offers a range of features to traders.

Fyers doesn't offer trading in commodities.

Transparent brokerage fee/charges

Exchange transaction rates are higher.

30-day challenge wherein the winner gets the brokerage refunded.

Fyers Securities Review 2018- About the company

Incorporated in 2015, Fyers Securities is discount stockbroking company. It is headquartered in Bengaluru. Fyers offers online trading services across many segments like equity, equity derivatives, currency and currency derivatives etc., across NSE and BSE.

Fyers has gained a lot of popularity and customers due to its low brokerage rates. The company is one of the low rate broking company in India.

The company has a monthly trading turnover of Rs 10,000 crores with a MoM growth of around 15%.

Fyers Securities Trading Platforms

Fyers Securities offers 3 trading platforms to suit the varied trading needs of the traders. As a Fyer customer, you can trade using your personal computer as well as a mobile app.

Fyers One- Fyers One is an installable trading platform that can be downloaded on your personal computers. The platform offers a range of features for technical and fundamental traders-

Fyers One Features

Source: Fyers One

  • Highly advanced charting with EOD data of 20+ years, 70+ indicators and intraday (1 min & 5 min) of up to 30 days.
  • The only platform that provides intraday charts for indices.
  • Inbuilt stock screeners to identify trends, support and resistance levels, circuit breakers, etc.
  • 'FnO Analysis' tools for speedy but informed trading decisions.
  • Portfolio simulation for learning.
  • Customizable workspace and watchlists
  • Data on global indices

Fyers Web- It is a trading platform that can be accessed via any browser on computers, Tablets, and mobile phones. The platform offers a range of important features such as-

Fyers One Charts

Source: Fyers One

  • Simple interface and intuitive dashboard
  • Monitor your open positions and orders separately.
  • Advanced charting platform with 70+ indicators and historical EOD data of 20+ years for deep technical analysis.
  • Facility to directly trade from charts
  • Price Ladder Trading to visualize price action before placing orders.

Fyers Markets- It is an in-house developed trading which makes a trader 100% location independent and offers many advanced features like-

Fyers Trading App

Source: Fyers One

  • 43 different options trading strategies to learn, simulate and execute
  • Multiple watchlists to tracks desired contracts
  • 20+ years of historical EOD data, 9+months of intraday charts with 70+ technical indicators.
  • Stock Screeners & Heat Maps
  • Real-time market data
  • Latest updates and market information

Fyers Securities Tools

Traders need advanced tools to help them make profitable decisions. Fyers offers two useful calculators-

Margin Calculator- While you don't need to maintain margin when you buy Call and Put contracts, you need to maintain margin when you sell contracts. The margin calculator from Fyers makes it easy for you to calculate margins required for your trade.

Brokerage Calculator- Brokerage charges have an impact on your profitability. The brokerage calculate from Fyers helps you calculate taxes and brokerage costs of your trades beforehand and help you make informed decisions.

Fyers Securities Options Brokerage Charges

Fyers Securities is popular among traders for its low broking charge in options trading. It is known as a discount or flat fee Options broker.

Fyers Options Brokerage

Fyers Trading & Demat Account Charges

Account Opening Charges

Nil

Account Maintenance Charges

Nil

Demat Opening Charges

Rs 400 + Tax

Demat Debit Transaction charges

Rs 20+ Depository charges at actual

Fyers Options Trading Charges

Equity Options

Currency Options

Brokerage

Rs 20 per executed order

Rs 20 per executed order

Security Transaction Tax (STT)

0.01% on Sell

0.01% on Sell

Turnover Charges

NSE-0.0021%

NSE-0.053%

GST

18% (Brokerage + Transaction)

18% (Brokerage + Transaction)

SEBI Charges

Rs 5 per crore

Rs 5 per crore

Stamp Duty

0.003% (Rs 300 per crore) on buy-side

0.0001% (Rs 10 per crore) on buy-side

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