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Fyers Stock Trading, Demat, Brokerage and Reviews 2019

47.74% 7,099 Clients

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 building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India.

Fyers is a low brokerage stock broker in India. They are among the cheapest stock broker online. Fyers simple pricing model offers trading across segments for same flat brokerage fee of maximum ₹20 per executed order. No matter how big your order, Fyers charge maximum of ₹20 per executed order. Fyer doesn't charge any brokerage in Equity Delivery segment.

Fyers offer in-house build web trading platform, installable desktop trading terminal and mobile trading app, all for free to its customers.

Thematic Investing at FYERS

Thematic (pronounced as THe'madik) Investment is about "investing in ideas" (i.e. group of stocks related to the idea) instead of choosing individual stocks. Fyers offers 100's of predefined themes (or portfolios) which customer can choose from to invest in stock market. Each theme has set of stocks which relates to the idea.

The closest comparison of thematic investment is Exchange Traded Funds (ETF's). The thematic investment offers lot more flexibility over etf's as the companies to invest in a theme are identified by the broker, fund-manage or even a group of people in a community.

How does Thematic investing works?

The broker provides set of themes representing ideas i.e. I want to invest in industries in Gujrat.
The broker identifies a list of companies matching the theme. Each theme includes number of stocks.
Investor choose a theme and invest in it.
The broker invest the money in to the individual stocks part of the theme in the proposition identified in theme.

Example:

Theme: Muthoot Group of Companies
Stocks in this theme:
- Muthoot Finance Limited - 50%
- Muthoot Cap Serv Ltd - 50%

If customer invests in this theme, the money gets invested in 2 stocks, 50% in each one of them.

Fyers Thematic Investing platform is a unique offering by Fyers. The key features includes:

Themes are available for free to use for Fyers customers. Customer pays only the brokerage at regular price.
A theme can be bought and sold in a single click. Investors can also sell or buy by modifying the theme and its constituents.
100+ themes are available
Each theme has less than 20 stocks
Over 1500 stocks are covered

Special Offer: FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

Fyers Ratings

Overall Rating	3.8/5
Fees	3.5/5
Brokerage	3.9/5
Usability	3.4/5
Customer Service	4.2/5

Based on 11 Votes by Fyers Customers

Do you trade with Fyers? Rate Fyers

Information about Fyers account opening, Fyers open account, Fyers opening charges, Fyers account opening charges, Fyers account opening status, Fyers amc charges, Fyers account charges, Fyers account closure

Fyers's Trading Platforms

Unlike most other brokers, Fyers has developed its own trading platform. This includes front end as well as backend (including risk management engine and order management system). The trading platform is still in evolution and tons of new features are being added every month.

Fyers trading platform has 3 major applications:

Fyers One (Trading Terminal)
Build for profession traders, Fyers installable trading terminal is loaded with industry standard features including advanced charting, flexible workspaces, F&O Analysis tools, stock screeners, advanced end-of-day reporting and portfolio tracker.
Fyers Markets (Mobile Trading App)
Built for traders and investors who likes to trade on the mobile phones, Fyers Markets is an advance mobile trading app with rich features. The mobile app is available for Android and iOS devices. Key feature of Fyers trading app includes multiple watch list, stock screener, pre-loaded options strategies, technical indicator and live stock quotes. Customers can also transfer funds to & from Fyers through this mobile app.
Fyers Web Trader
Build for investors/traders who are comfortable with website based trading, the Fyers Web Trader is fully functional online trading application. The Fyers Web Trader can be accessed from any web browsers. The feature of this application include portfolio tracker, auto-screened option strategies (multi-leg Orders) and live data feed.

Read Fyers Trading Software Review for info about Fyers platform, Fyers trading platform, Fyers trading software, Fyers trading demo, Fyers Demo, Fyers download, Fyers software download, Fyers software, Fyers stop loss, Fyers trading and Fyers trading account.

Fyers Special Offers

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.

Fyers Brokerage Charges 2019

Fyers Account Opening Charges

Trading Account Opening Charges	₹0 (Free)
Demat account Opening Charges	₹0 (Free)
Trading Annual maintenance charges (AMC)	₹0 (Free)
Demat Account Annual Maintenance Charges (AMC)	₹400 per year

Fyers Brokerage Charges

Segment	Brokerage Fees
Equity Delivery	Free (No Brokerage)
Equity Intraday	₹20 per executed order
Equity Future	₹20 per executed order
Equity Options	₹20 per executed order
Currency Futures	₹20 per executed order
Currency Options	₹20 per executed order

Fyers Equity Brokerage Charges Explained

Fyers Charges	Equity Delivery	Equity Intraday
Brokerage	₹0 (Free)	₹20 per executed order or 0.01% (whichever is lower)
STT	0.1% on both Buy and Sell	0.025% on the Sell Side
Transaction / Turnover Charges	NSE: 0.00325%	NSE: 0.00325%
Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Charges*	State wise	State wise

Fyers F&O Brokerage Charges Explained

Charges for Equity, Currency and Commodity F&O Trading at NSE and MCX.

Fyers Charges	Futures	Options
Brokerage	₹20 per executed order or 0.01% (whichever is lower)	₹20 per executed order
STT	0.01% on Sell Side	0.05% on Sell Side(on Premium)
Transaction / Turnover Charges	NSE: 0.0021%	NSE: 0.053%
Goods and Services Tax (GST)	18% on (Brokerage + Transaction Charge)	18% on (Brokerage + Transaction Charge)
SEBI Charges	₹15/Crore	₹15/Crore
Stamp Charges*	State wise	State wise

Fyers Fee Structure Explained:

STT: Charged only on the sell side for intraday and F&O trades. It is charged on both sides for delivery trades in equity segment.
*Stamp Duty for all states in India and NRIs: Charged based on the state where customer lives.
Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
SEBI Charges: This is charged at ₹15 per Crore.

Other Charges (Fyers Hidden Charges):

Call & Trade is available at an extra cost of ₹20 per order.
Admin Square Off is charges additional at ₹20 per executed order. This is applicable for all MIS/BO/CO positions which are not square off by the customer.
Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of ₹20 per contract. Courier charges are extra.
DP transaction charges for delivery based equity selling - ₹20 per transaction + depository charges.

Fyers Demat Account Charges

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	-

Check out Fyers Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about Fyers pricing, Fyers brokerage calculater, Fyers brokerage, Fyers plans, Fyers brokerage review, Fyers brokerage plans, Fyers fund transfer, Fyers intraday brokerage, Fyers charges, Fyers charge list, Fyers charges calculator, Fyers prepaid brokerage plans, Fyers yearly charges, Fyers fees, Fyers yearly maintenance charge, Fyers option brokerage and Fyers trading charges.

Contact Fyers / Request Call Back

FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer

Fyers Pros and Cons

Fyers Advantages

Fyers offer free equity delivery trading. They don't change any brokerage for cash & carry trades.
Discount stock broker offering ultra low brokerage. Fyers charge flat ₹20 per trade maximum brokerage across trading segments and irrespective to the size of the trade.
In-house build trading platform offers flexibility to quickly implement new features/services.
Refer your friends and earn 20% of the revenues generated by your friends, for life!
Thematic investment (a unique offering by Fyers) allows customers to invest in group of stocks. The companies are grouped together (as theme) based on ideas (certain criteria's).
No hidden charges. Very transparent fees/charges.
All trading software's are available for free of charge.

Fyers Disadvantages

Doesn't offer paperless online account opening.
Doesn't have its own depository services. The demat accounts are offered through IL&FS.
Exchange transactions charges are slightly higher than other discount brokers.
Demat account charges are higher as DP services are offered by another company (IL&FS).

Fyers Exposure Margin

Fyers leverage for intraday, delivery, options, currency and commodities. Read Fyers exposure limit review.

Segment	Exposure Margin
Equity Delivery	1 times
Equity Intraday	Up to 16x (based on the stock)
Equity Future	Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Future	Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Future	NA
Commodity Options

Fyers Complaints received at BSE/NSE

Number of customer complained against Fyers Securities Ltd share broker. The Fyers Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Fyers Customer Complaints

Exchange	Financial Year	Number of Clients *	Total Complaints **
NSE	2019-20	7,099	3
NSE	2018-19	4,805	4
NSE	2017-18	1,827	6

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

** The total number of complaint received against the broker at the given exchange.

Read detail report about Fyers Securities Ltd Complaints at BSE, NSE and MCX
Broker complaints in India - Year wise complaints received by exchange

Fyers Exposures (Margin)

Intraday Trading: Fyers offers upto 16 times margin (or leverage or exposure) in Equity Intra-day segment. Margins are given only for Intraday trading. The actual margin depends on the script. Fyers doesn't offer any margin on delivery trades.
Fyers Exposure for trading in Futures (Index or stocks) - Fyers lets clients take MIS (Margin Intraday Squareoff) positions with following margin:
- Equity & Index futures - 4 times of NRML(Normal) margin (Order squared off at 3:20pm)
- Currency futures - 2 times of NRML(Normal) margin (Order squared off at 4.30pm)
Fyers Margin for Options - 4 times of NRML(Normal) margin (Order squared off at 3:20pm)

Fyers Margin Examples

Equity: For example, assuming the leverage/margins is 16x on TCS stocks, it means that with ₹10,000 in your trading account, you can take a position of up-to ₹1,60,000.
Futures & Options selling: Let's assume that the SPAN + Exposure margins for 1 lot of Nifty futures are ₹60,000. A leverage of 4 times (4x) means that you will be able to take a position with just ₹15,000 (15,000*4 = 60,000).
Options Buying: For option buyers, SPAN + Exposure margins are not applicable. To initiate a trade, you will have to pay the entire premium for 1 lot. However, Fyers provided some leverage for near-month Nifty contracts. Normally, to buy Nifty 10800CE you'll have to pay the entire premium of ₹5250. (70 Price* 75 Lot Size). However, if you use cover orders to buy, you will get some margins/leverage and you can buy it for a lesser amount. With a leverage of 1.3x, you will be able to buy 1 lot with just ₹4040 (5250/1.3).

Fyers Membership Information

Fyers SEBI Registration Number: INZ000008524 (Aug 06, 2015)
Fyers NSE Member ID: 90061 (Aug 24, 2015)

15 Comments

15. Karan Pillai Nov 7, 2019 16:36 Reply

The worst account opening process! Have been waiting since 3 weeks to open a demat account!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

14. Sachin T Oct 25, 2019 12:26 Reply

I am their client for now more than one year. Shifted from Zerodha due to frequent problems from Zerodha technical glitches. Below are my observations....

1. Fyers platform is very stable as compared with Zerodha ( as I shifted for this major purpose) they have no problem in every event and all volatile trading sessions ... which I seen in this one year.

2. 30 days challenge this is one thing its really worth trying Fyers ... if one is succeefull then they refund the Brokerage full and no upper cap. I received my brokerage all 5 times I won the challenge in a Row. This is really a great thing to make trader habit of making profit.

3. They listen to you ...their CEO and Team is very responsive to the queries and questions asked... though sometimes they make little delays .. but its OK for me...

4. And now they have got their Own License of DP for which I was waiting for as they were providing earlier IL&FS demat which was a little risky.

5. Their platforms web, PC and mobile all are good ... though I rarly use PC platform.. I use Web and Mobile.
So one can go with them

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

13. Ganesh Oct 21, 2019 19:46 Reply

Compare to other discount firms FYERS best one...all trading platforms good...

12. vikash Sep 10, 2019 09:19 Reply

Really like it. But Fyers market app no features for nifty, bank nifty indices. No chart, can not see open high low for indices...

11. Trupti Behura Aug 21, 2019 17:53 Reply

Best trading platform in india.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

10. Jhantu Mondal Jul 2, 2019 21:20 Reply

Discount broker

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Average

9. Ayush Dutta Gupta Jul 2, 2019 16:33 Reply

As per my experience of 12-13 months with them, I never faced any critical issue so far. Customer support is as per the expectation and 30-day challenge is a very nice initiative by them. I have only opened an only trading account as they have a tie-up with some third party for demat account. The exceptional thing about them is there web platform powered by the Tradeingview. :)

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

8. kunjiechachan Oct 7, 2018 02:03 Reply

they don't have own dp account second AMC is high compare to other discount brokerage debt charge also high 25.to 30 rupees

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average

7. alpesh Sep 14, 2018 23:03 Reply

What is the process of online account opening in fyers

6. Vijay Kumar Ram Jun 21, 2018 17:24 Reply

Mobile app screener is good for selection of stock, charts is extremely excellent, but open slowly, customer services are friendly. The best emerging discount broker. Mobile app hasn't direct link to Thematic investment, pages open slowly.

5. Rahul Sharma Feb 14, 2018 12:12 Reply

They''ve got the best trading platforms like Fyers Web which is backed by TradingView.com
Another important thing is I''m very impressed with the customer support, moreover their CEO Mr.Tejas replies promptly to any social media platforms so they are more customer-centric.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

4. soni kumari Feb 9, 2018 04:49 Reply

best platform ever

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

3. GANESH PRASAD YADAV Oct 12, 2017 18:24 Reply

Thanks for you provide thematic trading your team is hard work for your CLIENTS ???!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent

2. Jones Oct 4, 2017 14:45 Reply

They have the best trading platform which have all the screeners and many more features.I am totally satisfied with them.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

1. Rajkumar Sep 15, 2017 13:11 Reply

Not much worthy as I was expected. Fyersone is good but when its come to trade, its useless. Web platform is good because its from Tradingview. I have opened account in fyers because of the web platform but when i do trade in web, order management issue happen and every time need to load template when u press Reload. feel not good with them.

Anyway, Thanks for ur support fyers.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Below Average

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