"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"
Why Fyers?
- They Charge Flat brokerage of ₹20/- per executed order.
- Brokerage free Equity delivery Trade & Mutual Fund Investment.
- 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.
- Trade profitably for 30 days & get your brokerage refunded.
- Trade from charts, get the most popular technical indicators, drawing tools, multiple charts and many other functions.
- Maximum Historical data- Get 24+ years of historical EOD & 4+ years of historical intraday charts with 100+ technical indicators.
- IPOs and FPOs through UPI payments.
Positives
- Rs. 20 flat-fee trades.
- Brokerage free Investment in Mutual funds
- Brokerage free Equity delivery Trade
- High Performance Trading platforms
- Free Demat & Trading account for Life, Fyers do not charge trading and demat account opening fees & AMC.
- They provide unique portfolio investment for new entrants in the market called thematic investing at 100 per theme. (Buying at Free of cost , ₹100 or 2% (Whichever is lower) on Sell/Exit, Re-balance, Modify
- No Hidden Charges , Fyers is very transparent on charges
- All trading software are available for free of cost
- Possibility of earning via referral, earn 20% of the revenues generated by your friends, for life
- Trade profitably for 30 days & get your brokerage refunded.
Needs Improvement
- No team of experts for market research.
- Rs. 50 Admin square-off Charges
- Call & Trade services at Rs 50 per executed order
 |
|
| Year of Incorporation | 2015 |
| Products | - |
| Demat Services | Yes |
| Active Exchange Memberships | NSE, BSE, MCX |
| Website | http://fyers.in/ |
| Contact Details | 080-46251111 |
| Total Number of Clients | 219,169 |
| Total Number of Branches | - |
The Bangalore-based discount broker firm named 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 a partnership with IL&FS Securities Services Limited for Demat and offer online trading, demat, and mutual fund service.
This stockbroker has introduced a new way of investing in stock called "thematic investing." with the idea of investing in a group of shares with a 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 an 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 then 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 trades 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: An equity Demat account is an account that 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 a one-time account opening fee. However, Fyers is providing it free of cost and charging 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. A 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, the investor has to open a 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 the account opening process. They will provide you account opening form there itself and will submit your documents.
Fyers Account Opening & AMC Charges
Account opening charges are a one-time fee that any stockbroker will charge while opening your DEMAT account and AMC charges are the annual fee that 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) | AMC Fees (Yearly) |
|---|---|---|
| Trading Account | NIL | NIL |
| Demat Account | NIL | NIL |
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 channels to its clients for using the customer service
- 1. Phone Number :
- Customer Support / Call & Trade :
- 080 – 4625 1111
- 9591 82 1111
- Account opening:
- 080 – 4625 1111
- Customer Support / Call & Trade :
- 2. Email Support :
- a.Support Related Queries: [email protected]
- b.Account Opening Related: [email protected]
- 3. Corporate Office :
- Fyers Securities,
No. 19 & 20, 3rd Main,
Gandhinagar, Bangalore – 560009
- Fyers Securities,
- 4. Active Client Details of Fyers
- 68375+ clients.
Fyers Equity Delivery & Intraday Charges
Please find below Fyers Brokerage charges for delivery & intraday Trades. Fyers provides delivery trade at Zero Brokerage and Fyers brokerage charges for Intraday are 0.03% or ₹20/ executed order whichever is lower.
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | ₹0 (Free) | 0.03% or ₹20/Trade whichever is lower |
| STT | 0.1% on both Buy and Sell | 0.025% on the Sell-side |
| Transaction / Turnover charges | NSE: 0.00325%, BSE ₹1 each on buy trade & sell trade | NSE: 0.00325%, BSE ₹1 each on buy trade & sell trade |
| SEBI Charges | ₹10 /Crore (0.0001%) | ₹10 /Crore (0.0001%) |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.03% |
Fyers F&O Brokerage Charges
Please find below the Fyers Brokerage Charges list for Equity Futures & Equity Options trade. Fyers provides Equity future Trading at 0.03% or ₹20/ executed order whichever is lower and Options Trading at Flat ₹20/ Order.
| Charges | Equity Future | Equity Option |
|---|---|---|
| Brokerage | 0.03% or ₹20/ Trade (whichever is lower) | Flat ₹20/ executed order |
| STT | 0.01% On the Sell-side | 0.05% On the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.0021%, BSE ₹ 1 each on buy trade & sell trade | NSC : 0.053%, BSE ₹ 1 each on buy trade & sell trade |
| SEBI Charges | ₹10/ Crore (0.0001%) | ₹10/ Crore (0.0001%) |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Fyers Currency Trading Brokerage charges
Please find below Fyers Brokerage Charges for Currency Future & Currency Options. Fyers charge 0.03% or Rs. 20/executed order whichever is lower for Currency Future and Options Trading.
| Charges | Currency Future | Currency Option |
|---|---|---|
| Brokerage | 0.03% or ₹20/Trade whichever is lower | Flat ₹20/ executed order |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.00135% | NSE: 0.044% |
| SEBI Charges | ₹10/ Crore (0.0001%) | ₹10/ Crore (0.0001%) |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Fyers Commodity Brokerage & Other Charges
Please find below the Fyers Charges list for Commodity Trading. Fyers charge 0.03% or ₹20/executed order whichever is lower for Commodity Trades.
| Charges | Commodity |
|---|---|
| Brokerage | 0.03% or ₹20/Trade whichever is lower |
| STT/CTT | 0.01% on Sell |
| Transaction / Turnover charges | Non-Agri: 0.0031% | Agri: 0.00175% |
| SEBI Charges | 20 ₹/ Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
Fyers Mutual Fund Fee Structure
At The Time of Buying
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
At The Time of Selling / Switching
| For SIPs | Nil | Nil |
| For Lumpsum Investment | Nil | Nil |
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".
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
- Brokerage-free Direct Mutual Fund investment.
- Trade with one of the best trading platforms in India.
This is a limited-time offer. Open FREE Fyers Account online and start trading today.
Fyers User Reviews
Post New Message
0 Comments