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

Fyers Account Opening

Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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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