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1. Manjunatha Prasad   I Like It. |Report Abuse|  Link|January 21, 2022 10:50:44 PMReply
My experience with FYERS is very bad and poor and discouraging. Many a time , their server hangs up and we loose good opportunities. Trading screen in the laptop simply becomes non responsive .
The worst things are yet to be mentioned.
1. They make money out of our mistakes !!. Their trading software is not at all user friendly. Instead , quite misleading and prompts us go hay way. Then unknowingly you press some commands and alas , you are gone.
2. Unlike other broking firms , FYERS donot ask 2nd confirmation before placing any orders . It is quite possible for some typo errors or oversight. But, you are gone.
3. During Intraday trading , if you sell your holdings(CNC) then it appears as SHORT with a negative sign till the end of the day, which is totally absurd and confusing the investor.
4. Similar is the case if we convert intraday buys to CNC to avoid huge loss in a steep falling market , the position / previous order box will still appear with the loss amount. Once it is successfully converted to CNC , the old orders / commands should not appear any more, is it not.
5. Many a times , we are not able to modify the orders to our requirement. Simply some error message keeps coming and we are stuck.
6. Getting support / help in time is a very remote chance. Even if we get some one on phone line , they give excuses like , " I am fresh " , or the concerned team is not available or some thing of that sort. They do not own up the problems in their server / system or the software, and investor is subjected to huge loss.
7. Many feedbacks for improvements have gone in vain.
8. The fees and charges they claim to be very low is quite untrue. The actual spending of the investor is not explained with different trade types in their TOOLS or PRICES sections. many things are HIDDEN.
9.They may have investors of different knowledge level , tech abilities etc. As a good broker , they should consider even a beginner or not so professional trader to be in their clientele.
10. I will be happy if they respond with a positive approach.