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136.47% 85,043 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 Rs 20 per executed order. No matter how big your order, Fyers charge maximum of Rs 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 (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?
Example:
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:
This is a limited-time offer. Open FREE Fyers Account online and start trading today.
Fyers account opening charges are Rs 0 (free) for online account opening. If you choose to open an account offline, you will be charged Rs 400. The demat account AMC is Rs 300 per year.
| Transaction | Charges |
|---|---|
| Trading & Demat Account Opening | Rs 0 |
| Trading Account AMC | Rs 0 |
| Demat Account AMC | Rs 300 per year |
* Demat AMC waived for 1st quarter of year 1.
Fyers follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. The maximum brokerage chargeable per order is Rs 20.
| Segment | Brokerage Fees |
|---|---|
Equity Delivery | Free (No Brokerage) |
Equity Intraday | Rs 20 per executed order of 0.03% whichever is lower |
Futures (Equity, Currency, Commodity) | Rs 20 per executed order of 0.03% whichever is lower |
Options (Equity, Currency, Commodity) | Rs 20 per executed order |
| Fyers Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 0 (Free) | Rs 20 per executed order or 0.03% (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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Fyers F&O brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). You also have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Fyers Charges | Futures | Options |
|---|---|---|
| Brokerage | Rs 20 per executed order or 0.01% (whichever is lower) | Rs 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 | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Fyers Fee Structure Explained:
Fyers brokerage hidden charges include call & trade charges, position squared-off by broker and SMS trade alerts as explained below:
Visit Fyers Brokerage Charges Review for more detail.
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:
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.
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.
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.
Visit Fyers Trading Software Review for more detail.
The following are the advantages of Fyers. You must read Fyers advantages and disadvantages before opening an account with Fyers. Fyers pros and cons help you find if it suits your investment needs.
The following are the cons of Fyers. Check the list of Fyers drawbacks.
Fyers margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Fyers F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Fyers F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| Overall Rating |  3.2/5 |
| Fees |  3.4/5 |
| Brokerage |  3.8/5 |
| Usability |  3.3/5 |
| Customer Service | 3.2/5 |
| Research Capabilities |  2.3/5 |
Based on 25 Votes by Fyers Customers
Do you trade with Fyers? Rate Fyers
The number of Fyers customer complaint received by the exchanges. The Fyers consumer complaint report helps understanding the Fyers Securities Ltd quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2021-22 | 85,043 | 126 | 0.15% |
| BSE | 2021-22 | 7,703 | 3 | 0.04% |
| NSE | 2020-21 | 35,963 | 129 | 0.36% |
| BSE | 2020-21 | 491 | 2 | 0.41% |
| NSE | 2019-20 | 14,189 | 24 | 0.17% |
| NSE | 2019-20 | 7,099 | 3 | 0.04% |
| NSE | 2018-19 | 4,805 | 4 | 0.08% |
| NSE | 2017-18 | 1,827 | 6 | 0.33% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Fyers Complaints at BSE, NSE and MCX for detail report.
Fyers offers an instant account opening process when you have your Aadhar card linked to your current phone number for OTP authentication. This 100% online and paperless account can be online in just 1 day.
Steps to open Fyers account
You will receive the newly created account details with login credentials to your registered Email ID within 24 hours.
Keep photos/scanned copies of the following documents while opening your account.
Fyers 30 day challenge is a reward program intended to keep traders focused on profitability. As a part of the program, if you trade profitably for 30 days, the brokerage (up to Rs 10,000) charged during the period will be refunded by the company.
The challenge is open for all trades across NSE, BSE and MCX.
How Fyers 30 Day Challenge works?
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2. Equity Intraday Brokerage is still little higher side.
3. Worst Customer Support system. Requires substantial improvement. Creating ticket and closing the same without even resolving the problems became a phenomenon.
Ratings:
Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Below Average
Overall Experience - Above Average