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| Trading Account Opening Charges | Free |
| Trading Account AMC | Free |
| Demat Account Opening Charges | Free |
| Demat Account AMC | Free |
Visit Fyers Brokerage Charges page to check plans, fees, and taxes.
Fyers stands out as one of the cheapest discount brokers. The brokerage charged by Fyers is in line with the top brokers in the country like Zerodha, Groww, Paytm Money and Upstox.
Equity intraday, delivery, and all future trades in equity, commodity and currency segments are charged at Rs 20 flat fee or 0.03%, whichever is lower. However, trading in options segment (equity, currencies, or commodities), is charged at a flat Rs 20 per trade. So, the maximum brokerage charged in any segment is Rs 20/order.
In addition to the low-cost trading benefits, Fyers has no charges for pledging, dematerialization and rematerialization, cheque bounce, and Rs 0 payment gateway charges.
Also, Fyers account opening and demat maintenance fee is NIL.
Note:: Fyers has revised the delivery brokerage fee to Rs 20/order or 0.03%, whichever is lower. Earlier, the delivery trading was free at Fyers.
Check and compare Fyers charges with 5 close competitors.
Fyers is a broker for both residents and NRI clients as both are allowed to trade with Fyers. However, unlike Indians, NRIs are allowed to trade in all segments.
Let’s discuss which account you need to open when trading with Fyers;
| . | NRE | NRO | Non-PIS NRO |
|---|---|---|---|
| Account Opening Charges | Free | Free | Free |
| Demat AMC | 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 |
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.
| Android Trading App | Android Fyers Mobile App Download |
| iOS Trading App | iOS App Download |
| Web Trading Detail | Fyers Web |
| Trading Software Charges | Free |
| Detail | Detail on Trading Platforms for fyers |
Fyers makes your investment journey simple and hassle-free with user-friendly platforms.
The discount broker has multiple platforms (mobile app, trading terminal and website) for both traders and investors. All platforms have been developed in-house and offer a variety of features.
There are no charges to trade using Fyers app, desktop and web versions. It also has many third-party platforms such as InstaOptions, TradingView, etc.
Let’s review the features of Fyers trading platforms;
For a detailed review of the mobile app and download, please visit Fyers Trading Platform Review
| API Type | Fyers API is a set of online tools by Fyers that lets you connect your own software to your trading account to place orders and access market data automatically. |
| API Charges | Free |
Fyers Margin Trading Facility (MTF) is a service that lets you buy eligible stocks by paying only a part of the total cost while Fyers funds the rest, giving you leverage to take larger delivery positions with limited capital. The borrowed amount is charged interest daily (with slab‑based annual rates starting around 12.49% p.a.) and stocks bought under MTF are automatically pledged as collateral.
| MTF Leverage | Up to 4x leverage on 1600+ stocks |
| MTF Interest Rate | 12.49% - 16.49% per annum (Slab-based MTF Interest rates) |
| MTF Segment | Equity Delivery |
| MTF Pledge Charges | ₹12 per stock |
| MTF Unpledged Charges | ₹12 per stock |
| Maximum MTF Funding | Upto ₹50 Lakh per account |
Fyers, an acronym for Focus Your Energy and Reform Yourself, is a Bangalore-based discount brokerage firm founded by Khoday Brothers in 2015. However, today comes as one of the most popular discount brokers in India. Go through the complete Fyers Review 2024 till the end to know how the new age broker has managed to be in the list of top 10 brokers.
Fyers was founded with the aim to advent best-in-class technology platforms for new-age traders and investors. And the broker has succeeded exceptionally well, as its platforms have a user-friendly interface, many analytical tools, and features.
The broker allows users to trade in stocks, derivatives, commodities, and currencies. It also offers other investment products such as IPO, direct investment funds, SGBs, thematic investments, OFS, T-bills, and government bonds.
You can find all trading and investment products in one place on Fyers platforms, be it the mobile app, website, or trading terminal. The platform also offers powerful TradingView charts, many technical indicators, historical price data, and many other features.
Fyers charges Rs 20 per order maximum brokerage for all trades executed on the BSE, NSE, and MCX. So brokerage fees are not an issue when trading with Fyers.
The discount broker has a dedicated customer service desk to resolve customer queries via mail and helpline number. Let’s discuss everything in detail about Fyers account opening fees, brokerage charges, features of Fyers app, desktop and other platforms, quality of customer support, and more.
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 Customer Care Phone Number | 08060001111 |
| Fyers Customer Support Email | [email protected] |
| Fyers Knowledge Center | https://fyers.in/school-of-stocks/ |
Fyers is the best brokerage house for every type of trader and investor - be it professional day trader, equity and/or MF investor and beginner.
A range of user-friendly trading and investing platforms with TradingView charting, the fastest Fyers Next terminal, competitive Rs 20 maximum pricing, and direct mutual fund investments are the popular benefits of Fyers.
If you are looking for the best platforms but also low brokerage fees, Fyers is an excellent choice for you.
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).
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.
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.
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.
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 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 AccountFor 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.
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 AccountFor 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 AccountNo, 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.
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.
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.
You can convert intraday open positions to CNC means delivery trading in Fyers. Here is the process to convert intraday to CNC through 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”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:
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
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:
Clients can add or transfer money to his Fyers Trading Account using following ways:
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.
