Free Trading + Demat Account

Fyers FAQs (Frequently Asked Questions)


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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 bu... Know more about Fyers Securities Ltd

Do you have questions about Fyers share trading account or Fyers demat account?

Get all your share trading doubts and questions answered by reading the Fyers demat, trading account information FAQ. All Fyers questions, Fyers q&a, Fyers faq and Fyers questions and answers.

Special Offer: FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer
  • Which type of stockbroker Fyers is?

    Fyers is a Discount Broker.

  • In which stock or commodity exchanges in India I can trade through Fyers?

    Fyers offers to trade at NSE, MCX.

  • How much Fyers charge for trading account opening?

    Fyers charges ₹0 (Free) to open a trading account.

  • What are Fyers annual maintenance charges (AMC) for a trading account?

    ₹0 (Free)

  • How much Fyers charge for Demat Account opening?

    ₹0 (Free)

  • How much is Fyers Demat Account Maintenance Charges (AMC)?

    ₹400

  • Is Demat account mandatory with a trading account at Fyers?

    No, Demat Account is not mandatory when opening a trading account with Fyers.

  • What are the Fyers brokerage charges for equity delivery trading?

    ₹0 (Free)

  • How much does Fyers charge for equity intraday trading (day trading of shares)?

    ₹20 per executed order or .01% whichever is lower

  • What are the Fyers equity futures brokerage charges?

    ₹20 per executed order or .01% whichever is lower

  • How much Fyers charges for equity options trading?

    ₹20 per executed order

  • What are Fyers commodity future brokerage charges?

    NA

  • What are Fyers currency derivatives (future) brokerage charges?

    ₹20 per executed order or .01% whichever is lower

  • Fyers currency derivatives (options) brokerage charges?

    ₹20 per executed order

  • What are Fyers transaction charges for equity delivery trading?

    ₹325 per crore (0.00325%)

  • What are transaction charges for equity intraday trading (stock day trading)?

    ₹325 per crore (0.00325%)

  • What are the equity futures exchange transaction charges at Fyers?

    ₹240 per crore (0.0024%)

  • Fyers transaction charges for equity options trading?

    ₹5900 per crore (on premium) (0.059%)

  • Fyers transaction charges for futures (currency derivatives trading)?

    ₹240 per crore (0.0024%)

  • Fyers transaction charges for options (currency derivatives trading)?

    ₹5900 per crore (on premium) (0.059%)

  • How much is the transaction charge for commodity trading at Fyers?

    NA

  • Does Fyers offer equity (share) trading?

    Yes. You can trade in the equity segment with Fyers.

  • Can I apply for an IPO through Fyers?

    No. You can't apply in IPO if you have a trading account with Fyers.

  • Does Fyers offer to invest in Mutual Funds?

    No. You can't buy/sell Mutual Fund if you have a trading account with Fyers.

  • Can I buy or trade Bonds and NCD with Fyers?

    No. You cannot trade in bonds and NCD with Fyers.

  • Does Fyers offer commodity trading?

    Yes. You can trade in the commodities at MCX with Fyers.

  • Does Fyers offer currency derivative trading?

    Yes. You can trade in currency derivative segment with Fyers.

  • Does Fyers offer order type bracket order (BO)?

    Yes. Fyers offer Bracket Orders (BO).

  • Does Fyers offer cover order?

    Yes. Cover Order (CO) is available with Fyers.

  • Does Fyers offer Buy Today Sell Tomorrow (BTST) order?

    Yes. BTST orders are available with Fyers.

  • Does Fyers offer order type sell today buy tomorrow (STBT)?

    No. STBT order is not available with Fyers.

  • Does Fyers offer after trading hours order or after-market order (AMO) or off-market orders? Can I place orders after trading hours; the orders which get executed when the market opens next time? Can I place an order when the market is closed?

    Yes. You can place 'After Trading Hours' Order with Fyers. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allow to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on the non-trading day (weekends or trading holidays).

    Note: After hour facility for order placement may not be available in certain segments. Please check with the broker for more detail about this service.

  • Can I place Good Till Cancelled (GTC) orders though Fyers?

    No. You cannot place GTC Orders with Fyers. With Good Till Cancelled trading orders; order remains in the system until you cancel it or they get executed.

  • Does Fyers offer margin funding for share/commodity trading?

    No. Margin funding is not available when trading with Fyers.

  • Fyers uses which trading platform or trading software?

    Fyers One (In-house build)

  • What is Fyers intraday square-off time?

    Fyers square-off intraday trades at 3:20 PM.

  • Does Fyers offer 24x7 customer service?

    No. Fyers doesn't provide 24x7 customer service.

  • Does Fyers provide customer support through Online Chat?

    No. Fyers doesn't provide customer service through Chat service online.

  • Does Fyers offer customer service through local branch offices?

    No. Fyers doesn't offer customer service through local branch offices, local partners or franchises.

  • Does Fyers publish daily market research reports?

    No

  • Does Fyers provide trading tips or investment strategies?

    No. Fyers doesn't provide free tips for stock and commodity trading to its customers.

Fyers Special Offer

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

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

Frequently Asked Questions

  1. What is Fyers?

    Fyers is an online stock broker offering discount trading and investment services in India stock market. Fyers offers free equity delivery trades and flat rate brokerage plans (₹20 per trade brokerage) for trading in Equity Intraday & Equity F&O and Currency F&O trading at NSE.

    FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company.

    Fyers is a member of National Stock Exchange and started offering its trading services in mid-2016.

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  2. Does the flat fee discount broker like Fyers make any profits by offering such a cheap brokerage plans?

    Yes, Fyers makes decent profits even by offering extremely low brokerage charges and free software. Here are some of the things to note:

    • No branches, no relationship manager, no research reports, no margin funding and no expensive advertisement keep the cost of operation in control.
    • Powerful online trading platform gives Fyers an opportunity to grow faster. With every new client added, the cost goes down.
    • Focus on core brokerage business helps Fyers to reduce risk.
    • Most customer on Fyers trading platform are self-supporting do-it-yourself type of customers. They need least assistance from broker and thus the cost to maintain these customers are low.
    • Reduced brokerage allows traders to trade frequent which intern increase the volume.
    • Stock exchanges offer incentives to the brokers for high volumes as it increases liquidity in the markets.
    • Their customer referral model works well for slow and steady growth of the company. The customer referral program enables its customers to refer friends and earn 10% of brokerage paid by their referred friend.

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  3. How to open account with Fyers?

    Would you like know more about Fyers or ready to open account with Fyers?

    Simply leave your contact information and Fyers representative will call you in few minutes.

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  4. Can Fyers pick up the forms from my home?

    No, Fyers doesn't offer form pickups. You will have to print, sign and courier the forms to Fyers office.

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  5. Explain Fyers ₹20 per trade plan?

    In this plan, customer pay flat rate ₹20 brokerage per executed order irrespective to the size of the order in Equity Intraday & Equity F&O and Currency F&O segments. For example, when you buy 1000 shares of ₹100 each share in Intraday trading; you brokerage is charged at flat ₹20.

    The similar transaction with ICICIDirect or Sharekhan would cost you ₹500 in brokerage (at 0.50%). This example shows saving of 97%, just on brokerage itself. You save further on the taxes which are paid on brokerage.

    Note that Equity delivery trading at Fyers is free. You don't have to pay brokerage for equity delivery trades.

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  6. What is an executed order at Fyers?

    When you place an order with Fyers which gets traded, it is called an executed order. You don't pay for placing, cancelling or modifying an order; you pay only per executed order.

    Fyers doesn't charge per trade, Fyers charge only for an executed order. So even if an order is executed in 10 different trades it is considered only 1 executed order and you pay only ₹20.

    Example of an order is:

    Buy 5000 shares of Reliance Industries

    You place a 'buy' order for 5000 shares of Reliance Industries. This order may get executed in different chunks (i.e. 100, 3000, 1900) until the whole 5000 shares are bought. However, Fyers charges you only ₹20 for the order that is placed, irrespective of how many trades it takes to complete the order. The same charge is applied for trading Equity Intraday, Delivery, F&O and Currency Derivatives.

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  7. I place an order to buy 10 lots, what if it gets traded 5 times 2 lots per trade?

    Fyers charges only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only ₹20.

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  8. Why Fyers charges extra for Call & Trade through dealers?

    When a customer places an order over the phone through a dealer, Fyers charge an additional ₹20 as Call & Trade Fee.

    Fyers is an online stock broker. It prefers that the customer uses its online trading platform to execute orders. All trading software's including an installable trading terminal, website and mobile application are made available free of charge to customers.

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  9. Does Fyers provide technical charting?

    Yes Fyers offer advance technical charts on its free trading terminal.

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  10. Does customer get leverage for intraday trading with Fyers?

    Yes, when orders are placed under product type as MIS, customer get leverage for intraday trading with Fyers.

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  11. Is it mandatory to open a demat account along with trading account with Fyers?

    No, you could only open a trading account if you are not planning for delivery trades.

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  12. I already have a demat a/c with another broker. How do I link this account with Fyers trading account?

    You can link any demat account with Fyers trading account. You can provide this information at the time of account opening or contact the customer service at later point of time to do so.

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  13. What is Thematic Investing with Fyers?

    Thematic Investing is a way to make investment decisions based upon emerging themes - themes that are identified by looking at the intersection of shifting economics, demographics, psychographics, technologies, mixed with regulatory mandates and other forces. It is based on predictions about trends rather than on the past performance of the market or the fundamentals of a specific company. Read full article about Thematic Investing

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Information on this page was last updated on Thursday, September 5, 2019


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