Open Fyers Account | Fyers Account Opening Online Process Review


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Fyers Account Opening Charges 2020

Fyers account opening charges are ₹400 (Free) for a trading account and ₹0 (Free) for demat account. Fyers charge ₹300 AMC for demat account.

TransactionCharges
Trading Account Opening Charges₹400 (Free)
Account AMC Charges₹0 (Free)
Demat Account Opening Charges₹0 (Free)
Demat AMC (Yealy)₹300

Fyers is SEBI registered stock broker offering online stock trading & investment services. Fyers is based out of Bangalore. Fyers offers discount brokerage services. The brokerage charged by Fyers is over 90% less than the traditional full-service brokers in India.

Fyers is popular for its flat fee brokerage plan, innovative trading platform and thematic investing offerings. Fyers charges flat Rs 20 per trader brokerage irrespective to the trading segment or size of the trade.

Fyers is member of NSE and offers Equity, Equity Derivatives and Currency Derivatives trading through them. Fyers doesn't offer trading at BSE, MCX or NCDEX.

Fyers Account Opening

You need a trading account with Fyers to trade in equity or currency. If you are planning to invest in equity (take delivery of shares), you also need a Demat Account.

Through Fyers doesn't offer 100% paperless account opening, the account opening with Fyers is easy.

Open an Account in Fyers

To open an account in Fyers, you could:

  1. Request Application Form
    • Visit Fyers website and click on 'Open an Account' button.
    • Provide your Name, Email address and phone number.
    • Fyers sales team will contact you to walk you through the account opening process.
  2. Visit Fyers Bangalore Office

    If you live in Bangalore, visit the office of Fyers to fill the application form.

Fyers Account Opening Status

You could check the Fyers account opening status by calling them at +91 80 4625 1111 / +91 9591 82 1111. Your account is opened and activated on the same day when Fyers receive your signed account opening form.

Once account is opened and activated, customer receives a welcome email with the information you need to begin the trading with Fyers.

Fyers Account Opening Forms Download

The Trading and Demat PDF account opening forms are available online on Fyers website for download and print.

Customer could download the PDF forms, print it, fill it, sign it and send it through courier.

Fyers Account Closure Procedure

If you are not happy with Fyers Securities services or no more need trading or demat account, you could close the account at any time by submitting the account closure form to the broker.

Once the account closure application form is received, you will receive a call from customer service to confirm the account closing request.

The PDF forms for Request to Closure of Trading AC or Demat Account could be downloaded from its website.

Note:

  • Fyers doesn't accept or process your demat account closure or trading account closure request until all dues are clear.
  • Phone calls or email are not enough for account closure. A sighed application is required.
Fyers Special Offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

Frequently Asked Questions

  1. 1. How to open Fyers account?

    You can open a Fyers account online. It is a completely paperless process. To open Fyers account, you would need scanned copies of documents like PAN card, address proof, income proof (for trading in derivatives), cancelled cheque etc.

    Steps to open Fyers account Online

    • Visit the Fyers website
    • Click on 'Open An Account' tab on the home page
    • Enter mobile number, email and name and click on 'Generate OTP'
    • An OTP will be sent to your mobile phone
    • Enter the OTP and follow the process

    Once you submit the online account opening application, Fyers will review it and send you the welcome email in 24 hrs. The email also contains your client id and password which you can use to login and being online trading or investment in the stock market.

     

  2. 2. How my In-Person Verification (IPV) is done with Fyers?

    IPV is a process where Fyers authorized employee verifies your identity by meeting you or through web camera.

    If you are in Bangalore, you could visit Fyers office for IPV. For others, IPV is done through web camera.

     

  3. 3. What are different trading plans offered by Fyers?

    Fyers offer 1 simple trading plan.

    Flat Rate Trading Plan - Rs 20 per trade (Equity, Equity F&;O and Currency F&O at NSE)

     

  4. 4. Can I open more than 1 trading account with Fyers with same name / PAN Number?

    No, it's against the law to have multiple accounts with same name with the same broker.

     

  5. 5. Can I have more than one demat account with Fyers?

    Yes, customer can open as many demat account as they want with Fyers using the same name and PAN Number. Note note that only one trading account is allowed per customer.

     

  6. 6. How to close Fyers account?

    You can close the Fyers account by filling an account closure form, signing it and sending it to the company's registered office address.

    Note:

    • You need to fill separate forms to close trading and demat accounts.
    • You cannot close the account online, via email or on a call with customer care. A paper signed form is required to close an account.

    Steps to close Fyers Trading Account

    1. Visit the Fyers website
    2. Under the support tab, click on 'downloads'
    3. On the 'Downloads' page, click on 'Others' on the left menu
    4. Download the 'Trading Account Closure Form'
    5. Print, fill and sign it
    6. Send it to the address mentioned in the form.

    Steps to close Fyers Demat Account

    1. Visit the Fyers website
    2. Under the support tab, click on 'downloads'
    3. On the 'Downloads' page, click on 'Others' on the left menu
    4. Download the 'Demat Closure Form'
    5. Print, fill and sign it
    6. Send it to the address mentioned in the form.

    Note:

    • Clear all your dues, close all open positions and sell or transfer securities to another demat account before initiating the account closure process.
    • Previously Fyers was providing demat account services in partnership will IIFL Securities. Customers could open both CDSL and NSDL demat accounts. Now, Fyers is a DP (depository participant) with CDSL and only offers Fyers Demat Accounts. There are 3 demat account closure forms available on the website. You need to download the form as per the central depository with whom your account was opened.

     

Contact Fyers / Request Call Back

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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Information on this page was last updated on Wednesday, June 10, 2020


2 Comments

Jiten
2. Jiten  Sep 17, 2020 22:41 I Like It. | I Don't Like It. | Report Abuse Reply
I can't close fyers account. They replied employee at work from home so, we cannot close your account. they deducting demat charges quarterly from first day of account opening.
RAM MURTI AGNIHOTRI
1. RAM MURTI AGNIHOTRI  Oct 15, 2019 12:39 I Like It. | I Don't Like It. | Report Abuse Reply
कल॒ मैंने खाता खोलने के लिए फार्म फ़िल किया था लेकिन कोई पास वर्ड और आईडी नहीं मिली , कोई काल भी नहीं आया,कृपया मदद करें।
i dont have password and i.d. pl. call me








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