Rs. 0 delivery trade, Rs. 20 per order brokerage plan, zero brokerage mutual fund investment, and best-in-class and user-friendly advanced technology trading platforms (Fyers Next, Fyers One, Fyers 2.0 App, and Fyers 1.5 Web) make Fyers the best broker for traders and investors.
Fyers Securities, incorporated in 2015, is a Bangalore-based online discount brokerage firm. It is a member of BSE, NSE, and MCX to facilitate customers to trade online in equity, derivatives, commodities, and currency segment. You can invest in OFS, SGBs, G-sec, and T-bills with Fyers.
Fyers is a competitive brokerage name in the industry with its Rs. 20 flat discount brokerage model offering free delivery trading, and Rs. 20 flat brokerage fee on intraday and F&O trades. Open Free Fyers Demat & Trading Account in just 15 minutes and experience the lowest-brokerage online trading.
It also provides zero brokerage or commission-free investment in direct mutual funds on the Fyers Direct platform. Fyers Thematic Investing is a platform to invest in a theme-based basket of stocks for free. You can invest in a ready-made portfolio based on pre-defined themes or create a customized portfolio.
In addition to the low-cost brokerage structure, it also has the best in-house free trading platforms. Traders can trade via Fyers Mobile App 2.0, Fyers 1.5 Web, Fyers Next, and Fyers One desktop trading terminal. Fyers has also integrated with TradingView charting platform that offers a complete charting package solution to traders with hundreds of technical indicators and drawing tools.
The discount broker has a dedicated customer service desk to resolve client queries over mail and helpline number. Let's move through the detailed Fyers Review 2023 including account opening charges, account opening process, brokerage charges, trading platforms, and pros & cons of trading with Fyers.
Current promotion offer from Fyers for InvestorGain Visitors:
Fyers has an Rs. 20 flat discount brokerage plan that charges lifetime zero brokerage on investment in stocks (Delivery trading) and Max Rs. 20/order brokerage on equity intraday, futures & options, commodity, and currency trading services.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Free|
Here we are comparing Fyers with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||Free||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.03% or Rs 20 whichever is lower||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
FYERS broker offers its NRI clients the facility of an integrated NRI Demat account through which NRIs can trade smoothly and invest in stocks, MFs, ETFs, and futures options. There is no charge for opening the demat account or for Fyers' Demat AMC. Now, NRIs also have the opportunity to invest and trade directly in the growing Indian market at the lowest brokerage fees. Fyers also offers additional features such as access to research reports, economic calendars, fundamental data, and technical analysis. Through Fyers' associated banking partners, NRIs can open a PIS (Portfolio Investment Scheme) account with minimal paperwork. Apart from all these trading and investment services for NRIs, other services like Algo Trading, Fyers Thematic Investment etc. can also be availed by NRIs.
|Account Opening Charges||Free||Free||Free|
|Equity Delivery Charges||0.05% or Rs 50 whichever is lower||0.05% or Rs 50 whichever is lower||0.05% or Rs 50 whichever is lower|
|Futures & Options||NA||NA||Flat fee Rs 50|
For complete brokerage charges and trading plans detail please visit Fyers Brokerage Charges.
Please refer unique and accurate Fyers Brokerage Calculator
Fyers offers Trading & Demat Account opening services to Indian resident customers only to enable them to kickstart their online trading & investing journey.
Open a Fyers Demat & Trading Account for free in a 100% digital paperless manner and start trading within 24 hours.
Steps to open Fyers Demat & Trading Account Online;
Note: Once all steps are completed, your application will go under review and the Fyers team will notify you through a welcome email containing your Fyers Demat Account ID and login credentials.
Fyers offers in-house built technologically advanced and user-friendly trading platforms across a website, mobile trading app, and desktop trading software. All of the platforms are available for free to use at zero charges for Fyers customers.
Fyers have updated a new version of the mobile trading app, Fyers 2.0 App on iOS and Android smartphones. The app comes with a faster load time, an improved user interface, and more compelling features. Fyers mobile has many features like unlimited watchlists, 30+ pre-defined watchlists, real-time market data, advanced charting features with a historical EOD of 24+ years, 4+ years of historical intraday charts, over 100+ technical indicators, multiple drawing tools, Trade Directly from charts, TradingView charting library, and view upto 8 charts on a single screen.
Options traders can also use the Fyers 2.0 app to get advanced option chain analytics with Option Greeks. like Delta, Theta, Gamma, Rho, and Vega. The multilingual app allows customers to create price alerts, and place advanced order like basket order and GTT order.
For detail review of mobile app and download please visit Fyers Trading Platform Review.
Fyers has a dedicated account opening desk, dealing desk, and customer service support desk that offers online customer care via mail and helpline number. All lines close at 5 PM on Saturday thus, 24/7 support is not available. It only offers online customer care and offline or branch-based support is not available.
Fyers also has a free learning platform, School of Stocks (SoS) for stock market enthusiasts. The platform has 11 modules to learn on trading and investment. Download the School of Stocks app on android and iOS smartphones and start your trading journey in the stock market. The discount broker also has Fyers community platform to provide an opportunity to all customers to share their ideas and engage with others.
Fyers is a popular name in the discount brokerage space that charges highly competitive brokerage charges of Rs. 20 per order flat brokerage same as top discount brokers like Zerodha, and Upstox.
It is also among one of the few stockbrokers that offer great technology-enabled and fast online trading platforms for free. The platform comes with unique functionality, powerful charting, 24 years+ historical data, and 4+ years of intraday data that are extremely useful for traders for advanced analysis.
Last updated on: 2023-09-13
Fyers Back Office provides users access to the contract notes, trade details, contract notes, and other information. If you have opened an account with Fyers then you can login to the back office through Fyers Web.
Steps to Login Fyers Back Office
Yes, both the trading platforms Fyers App and Fyers Web are synchronized to each other henceforth, any order placed through Fyers mobile app will be shown on the Fyers Web platform or vice-versa.
Clients can add or transfer money to his Fyers Trading Account using following ways:
Likewise many brokers such as Zerodha, Paytm Money, etc. Fyers Securities facilitates UPI-based fund transfer process at zero charges through Fyers mobile app and Fyers web platform. To transfer funds through UPI, make sure your UPI ID is mapped with the linked bank account.
Steps to add funds to Fyers Trading Account through UPI:
Customers can withdraw funds from their Fyers Trading account across all the trading platforms like Fyers Web, Fyers Markets, and Fyers One platform.
Steps to withdraw funds from Fyers Trading Account
Fyers Securities Ltd offers online trading and investment in equity, futures & options, commodity, currency, and direct mutual funds. Here are the steps to start online trading with Fyers:
Beginner level traders are looking for the lowest trading fees therefore, Fyers is the best broker for beginners that offers cheapest brokerage model. The discount offers free delivery trading and trading Rs. 20 per order brokerage across segments. It also offers fast, seamless and easy-to-use online trading platforms such as Fyers Markets, Fyers App, Fyers One and Fyers Web. In addition, mutual fund investors can invest directly in mutual funds on the Fyers Direct platform for free.“Sign Up Now”
You can convert intraday open positions to CNC means delivery trading in Fyers. Here is the process to convert intraday to CNC through Fyers:
Fyers being a discount broker does not offer its own research services, but in July 2020, the broker made a tie-up with MarketSmith India - globally recognized research company to provide high quality research reports to investors. MarketSmith India is a one-stop-shop to get stock recommendations, stock fundamental and technical research reports, proprietary ratings and rankings, and others.
Fyers through collaboration with MarketSmith India, a research company offers research report to customers. The organization, MraketSmith India with 60+ years of existence in the market offers various types of research reports such as Special reports, Pre-Market Commentaries, Daily and Weekly Big Picture, learning articles, and Model Book (Top Stocks Book).
No, Fyers doesn’t offer free MarketSmith India research reports. Fyers customers can subscribe to the research reports by paying a chargeable subscription fee of Rs. 5000 + GST for year or Rs. 2,000 + GST for quarterly plan.
No, Fyers as a discount broker offers only one plan - The flat Rs 20 plan. The company doesn’t offer any other plan like an unlimited trading plan to fix the monthly plan.
For an unlimited trading plan – Please contact Prostocks which offers a Rs 899 trading plan for Equity Segment.
For traders and investors Fyers offer all 3 trading platforms – Mobile App, Web and Downloadable EXE. Fyers App 2.0, FYERS Web and FYERS One (Fyers Terminal) are the in-house developed trading platform by Fyers.
FYERS Direct is online mutual fund investment platform for direct mutual fund investing.
Fyers still offers a desktop platform where Zerodha and Upstox has phased out the desktop platform. Fyers offers all its platform Free of cost for its clients.Fyers Instant Account
Square off is the end of the day process where RMS team closes all open Intraday positions. Generally this process starts from 3:15 PM (15 minute before market close).
Traders can close their Intraday position before 3:15 pm. After that Fyers RMS team will close the position and charge Rs 50 + GST. To avoid such scenario, one need to close all Intraday positions before 3:15 pm.
Position closed by RMS team is usually considered as Call and Trade. A broker charges same fee, which is Rs 50 + GST per order.Fyers Instant Account
For online brokers, customer support is the most important part. Fyers has kept all its support options open for customer. Clients can reach support team via email, phone or use online support portal for quick query resolution.
Best way to find answers of your queries are Fyers Support Portal. They have classified support under different categories with a detail article on each topic. In case you need second level support then Fyers Support Email is the second best choice. The last option is Fyers Phone support, available on working days between 9 to 11:55 pm and Saturday till 5 pm.
Yes, Fyers give you a facility to close your account online. Usually, no broker wants to let go of their customer. But when you made up your mind to exit the broker, Fyers has given you the option to submit an online application to close your account.
Steps to close your account online with Fyers:
After Zerodha, Fyers is the second broker who is taking account closure requests online.Zerodha-New Account
For Traders and Investors, Fyers is offering a full range of Order Types. Market, Limit, Stop Loss Market, Stop Loss Limit, After Market Order (AMO), GTT, Baskat Orders.
Due to some limitations, CO and BO are not available for all product types.
One more thing that all discount brokers are missing is Equity SIP. Similar to Mutual Funds SIP, Equity SIP is also a required feature for investors.
Yes, Fyers offers NRE, NRO and Non PIS NRO accounts. The Non- PIS NRO account can be used to make equity deliveries and equity F&O trades. Equity intraday and BTST are not allowed with any of the NRI accounts.Prostocks, one of the fastest-growing discount broker has a dedicated team to help NRI/NRO demat and trading accounts.
Fyers Direct is the same as Zerodha Coin, where Mutual Fund Investors can buy commission-free direct mutual funds online or start SIP with direct mutual funds.
No need to pay any hidden charges or commissions to the broker for your Mutual Funds investment.
Fyers allow user to apply in IPO online with the UPI based transaction. As per current limit of UPI, users can apply up to Rs 2 lacks application with a FYERS IPO Application.
For FYERS user, Appling in IPO is now very simple and hassle free process. You need to select the IPO, number of shares, price on which you wish to apply IPO and UPI ID. After that you need to approve UPI mandate to block your bid amount.
The biggest advantage of FYERS Online IPO Application process is, you can apply in IPO any time of the day. For users process is open 24x7 between IPO open and close window. Fyers internal application will take care the application submission process.
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