"FYERS is the revolutionary name in the stockbroker industry who has bought crisp technology and smooth trading platform along with the concept of thematic investment"
- They Charge Flat brokerage of ₹20/- per executed order.
- In-depth research and provide relevant data for decision making.
- No proprietary trading. Pure brokerage firm.
- The distinguishing feature of Fyers- "Thematic investing".
- Technological advance online trading platforms are provided to its customers.
- They have customer support above average, and referral programmes are also worth investing your valuable time.
- Provide various researching tools like Margin, Brokerage, brokerage comparison calculator, option strategy.
- Rs 20 flat-fee trades.
- Investment in Mutual funds
- High Performance Trading platforms
- Fyers do not charge trading and demat account opening fees.
- They provide unique portfolio investment for new entrants in the market called thematic investing at Rs 100 per theme.
- No team of experts for market research.
- They are registered only with NSE.
- They do not provide DP service
- No Commodity trading
|Year of Incorporation||2015|
|Active Exchange Memberships||NSE, BSE, MCX|
|Total Number of Clients||7,099|
|Total Number of Branches||0|
The Bangalore based discount broker firm named as FYERS is an acronym that reads," Focus Your Energy & Reform the Self".
It is started by young entrepreneur Mr. Tejas Khoday (CEO). It is registered with NSE and provides its broking services in the NSE Equity, NSE Futures & Options, and NSE Currency Derivatives.
They have the partnership with IL&FS Securities Services Limited for Demat and offers online trading, demat and mutual fund service.
This stockbroker has introduced a new way of investing in stock called "thematic investing." with an idea of investing in the group of share with similar genre rather than investing in individual stocks. Thematic investing means that a bunch of stock is picked together which have a similar theme. It is similar to mutual fund investment.
Fyers provides all its online platforms to trade without any additional cost to its customer. They provide in-house build web trading platform, installable desktop trading terminal and mobile trading app.
Fyers Account Offering
If you are looking to save brokerage and other extra charges than Fyers is the best option as it provides Equity & Derivatives Trading account without any cost.
- Equity & Derivatives Trading Account: Fyers offers an online trading account and does not have the option of dealing in equity through offline means. You can trade by using a browser-based platform, software-based platform or mobile app. You can also use the facility of Call and Trade.
- Equity Demat Account: Equity Demat account is an account which is mandatory to open if you want to deal in stocks. This account is for keeping your stocks in electronic form. Generally, all traders charge one-time account opening fee. However, Fyers are providing it at free of cost and charge only AMC. They charge Rs. 400+GST for individual and Rs. 500 for Corporate
- Open only "Trading Account" if: When you want to trade only Futures & Options and Currencies, be it Intraday or Positional.Demat account is not required.
- Open "Trading and Demat" if: When you want to take delivery of Stocks (buy and hold stocks overnight) along with trading in Futures & Options and Currencies.
- Open "Commodity Trading Account" if: When you want to trade in the commodity.
Opening an Account with Fyers Securities:
For online trading with Fyer, investor has to open 2-in-1 account (Trading and Demat). Following are the ways to open an account with Trade Smart Online:
- Fill an online application form: You can download the account opening form their site and have to it to the FYERS sales office along with all the mandatory documents (Pan Card, Aadhar Card, bank statement, passport photo & canceled cheque).
- Website: https://fyers.in/open-an-account
- Contact Phone Number/helpline: 080–4625-1111/9591-82-1111
- Contact email: [email protected]
- Visit FYERS sales office: If you are based out of Bangalore, you can visit the sales office and request their executive to help you with account opening process. They will provide you account opening form there itself and will submit your documents.
Fyers Account Opening & AMC Charges 2020
Account opening charges are one-time fee that any stock broker will charge while opening your DEMAT account and AMC charges are the annual fee which every broker charge to maintain your account. AMC is deducted from your account even if you don't trade for the entire year.
|Type||Account Opening (One Time)||Annual Maintenance Fees (Yearly)|
|Demat Account||NIL||INR400 / INR 500 for corporate|
Fyers Securities Affiliation Details
- 1.SEBI Registration No:INZ000008524
- 2.Fyers Securities NSE Member ID: 90061 (Aug 24, 2015)
Customers Service options offered by Fyers Securities
Fyers Securities Offers multiple communication channel to its clients for using the customers service
1. Phone Number :
Customer Support / Call & Trade :
- 080 – 4625 1111
- 9591 82 1111
- 080 – 4625 1111
- Customer Support / Call & Trade :
- 2. Email Support :
3.Corporate Office :
No. 19 & 20, 3rd Main,
Gandhinagar, Bangalore – 560009
- Fyers Securities,
4. Active Client Details of Fyers
- 4000+ clients.
The Final Thoughts about Fyers
"FYERS is result of an awesome job done by young finance entrepreneur and is proved his revolutionary name. They are registered only at NSE and do not provide you with the opportunity to widen your portfolio. Even after this drawback, we recommend you to go for FYERS despite being you new to the stock trading world because of extremely nominal charges. Along with low maintenance fee, they provide you with the crisp technological sound online platform to trade for free as well".