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47.74% 7,099 Clients
Incorporated in 2015, Bengaluru based Fyers Securities is an online brokerage company. The company is a member of NSE, SEBI, and MCX. It offers trading services across various asset classes including stocks, derivatives, and currencies. Fyers is popular among traders for its flat fee brokerage plan. It also offers a free trading account to its customers.
Fyers Trading Platform is its most popular offering of Fyers. It is built in-house by the team of Fyers engineers. It is one of the best trading platforms. It is offered for free of cost to all the customers.
Fyers brokerage plan is simple and low-cost. They charge flat Rs 20 per trade brokerage irrespective to the size or segment of trade at BSE, NSE, and MCX.
Fyers has partnered with IL&FS Securities to offer the demat account services. IL&FS is the leading depository service providers in India. IL&FS is the depository participants with CDSL and NSDL.
Unlike most other brokers, Fyers is not a direct member (depository participant) of CDSL or NSDL. But it doesn't matter as your open the IL&FS demat account with Fyers is linked with Fyers trading account. All transactions between these two accounts are seamless once customer signs for Power of Attorney.
FyersDepository Membership Info:
To open a new demat account with Fyers, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Fyers Demat Account Opening Charges and Fyers AMC as below:
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 | ₹400 Per Year (Payable upfront every year) | |
| b. Corporates | ₹500 (Payable upfront every year) | |
| 4 | Transaction Charges per ISIN (Market Trades): | |
| a. Buy (Receive) | ₹0 | |
| b. Sell(Debit) | ₹20 + ₹5.50 flat for every debit transaction | |
| 5 | Inter Depository Transfer (Off-Market Trades): | |
| a. Buy (Receive) | NIL | |
| b. Sell(Debit) | ₹20 + ₹5.50 flat for every debit transaction | |
| 6 | Dematerialization (Per certificate) | ₹2 per certificate |
| 7 | Remat (Per ISIN) | ₹25 |
| 8 | Courier charges per Demat/ Remat request | ₹35 |
| 9 | Pledge per ISIN | 0.05% of the transaction value subject to a minimum of ₹50 and a maximum of ₹250 |
| 10 | Unpledge per ISIN | 0.05% of the transaction value subject to a minimum of ₹50 and a maximum of ₹250 |
| 11 | Pledge Invocation per ISIN | 0.02% of the transaction value subject to a minimum of ₹50 + depository charges at actually |
| 12 | Periodic Statement: | |
| a. By Email | Free | |
| b. Physical | ₹50 (Couier Charges) | |
| 13 | Adhoc / Non Periodic Statement Requests: | |
| a. By Email | ₹10 per request | |
| b. Physical | ₹25 per request (up to 10 pages). Additional page at ₹5 + ₹35 (Couier Charges) | |
| 14 | Delivery Instructions: | |
| a. First Delivery Instruction Book | Free (10 leaves) | |
| b. Every Additional Booklet | ₹100 (10 leaves) | |
| 15 | Cheque Bounce/ Per cheque | As per the bank |
| 16 | Failed Transactions | ₹30 per transaction |
| 17 | Modification in CML | - |
| 18 | KRA Upload / Download | - |
Yes, you can open only a trading account with Fyers. It is not necessary to open a demat account with Fyers while opening a trading account.
Yes, you can link your existing demat account with the new trading account of Fyers.
Information about Fyers demat account, Fyers demat account review, Fyers demat account charges, Fyers demat account opening, Fyers dp charges, Fyers demat charges, and Fyers dp id.
Information on this page was last updated on Thursday, September 5, 2019
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