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Fyers Stock Trading, Demat, Brokerage and Reviews 2020

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.

Fyers Charges 2020

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 ₹5 per Crore.

Other Charges (Fyers Hidden Charges):

1. Call & Trade is available at an extra cost of ₹20 per order.
2. 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.
3. 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.
4. DP transaction charges for delivery based equity selling - ₹10 per transaction + depository charges.

Visit Fyers Brokerage Charges Review for more detail.

Fyers Trading Software (Fyers 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:

1. 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.

2. 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.

3. 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.

Visit Fyers Trading Software Review for more detail.

Fyers Pros and Cons

Fyers Pros (Advantages)

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.

1. Fyers offer free equity delivery trading. They don't change any brokerage for cash & carry trades.
2. 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.
3. In-house build trading platform offers flexibility to quickly implement new features/services.
4. Refer your friends and earn 20% of the revenues generated by your friends, for life!
5. 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).
6. No hidden charges. Very transparent fees/charges.
7. All trading software's are available for free of charge.

Fyers Cons (Disadvantages)

The following are the cons of Fyers. Check the list of Fyers drawbacks.

1. Exchange transactions charges are higher than other discount brokers.

Visit Fyers Margin Review for more detail.

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Fyers Ratings

Overall Rating	4.0/5
Fees	3.6/5
Brokerage	4.0/5
Usability	3.6/5
Customer Service	4.3/5
Research Capabilities	2.0/5

Based on 14 Votes by Fyers Customers

Do you trade with Fyers? Rate Fyers

* 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 Exposures (Margin)

1. 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.
2. 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)
3. Fyers Margin for Options - 4 times of NRML(Normal) margin (Order squared off at 3:20pm)

Fyers Margin Examples

1. 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.
2. 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).
3. 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

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

Frequently Asked Questions

Fyers Reviews

• Fyers Charges Review
• Fyers Mobile App Review
• Fyers Margin
• Fyers Account Opening Process Review
• Fyers Demat Account Review
• Apply in IPO through Fyers
• Fyers Branch Offices / Sub Brokers / Franchise
• Fyers Trading Software Review
• Fyers NRI Account Review
• Fyers Mutual Fund Review
• Is Fyers safe for trading and long term investment?
• Fyers Complaint Monitor
• Fyers FAQs

• Fyers Securities Options Trading Review

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