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Fyers Securities, one of the low-cost online discount brokers in India offers online trading and investment in stocks, F&O, commodity, and currency segments. It further provides an online direct mutual fund investment platform on Fyers Direct, and also allows users to apply for OFS, SGB, and debt securities. The broker offers a free account opening facility at zero charges and facilitates trading in all segments at a maximum brokerage of Rs. 20 per order. Scroll down the page further to get the complete Fyers products and services detail.
Fyers is a CDSL depository participant to offer Fyers demat account opening services to customers to keep securities safely in electronic format. The broker provides a Free Demat Account at zero account opening charges and also 1st quarter demat AMC charge is nil. Thus, Fyers demat AMC charges for 1st year is Rs. 225+ GST and from 2nd year onwards, it is Rs. 300 + GST.
The discount broking firm offers a free Fyers Trading Account and its Trading Account AMC charge is nil. Earlier, Fyers was offering separate equity and commodity margin accounts but now, the brokerage house is providing Fyers Single Margin Account to trade across all segments.
Fyers is a trading member of BSE and NSE and provides equity intraday (MIS) as well as delivery trading (CNC) services. Fyers Trading Account charges intraday and delivery brokerage of Rs. 20 per order or 0.03%, whichever is lower.
Fyers offers futures & options (F&O) or also called derivative trading in stocks. On equity futures trading, it charges a flat brokerage of Rs. 20 per order or 0.03%, whichever is lower whereas, on equity options trading, it charges a fixed brokerage of Rs. 20 each executed order. Its brokerage charges are in line with the top discount brokers like Zerodha, Upstox, and others.
In Sep 2018, Fyers Securities has started offering MCX trading or commodity trading facility for customers. Customers can place intraday, margin, and cover orders in the commodity trading segment with Fyers. Trading on MCX with Fyers is available on the TradingView charting on Fyers Markets App, Fyers Web, and Fyers One platform. Its commodity trading brokerage charges are flat Rs. 20 per order.
Currency derivative trading is available with Fyers in four popular currencies USD/INR, GBP/INR, JPY/INR, and EUR/INR. Later in Jan 2020, Fyers Securities has launched cross-currency trading on its platforms. Any client who has activated the currency derivative segment can now trade in global currency pairs with Fyers such as EUR/USD, GBP/USD, and USD/JPY.
Fyers Direct is the free online direct mutual fund investment platform available with Fyers. The broker through collaboration with 40+ AMCs offers a plethora of direct schemes across equity, debt, and hybrid categories. Mutual fund investment with Fyers is free at nil brokerage charges or subscription fee.
People can apply for IPO with Fyers through ASBA/Net-banking [Without UPI] process. The broker has not yet started offering the UPI-based IPO application process. Online IPO Investment with Fyers is free at zero brokerage.
Fyers allow customers to apply for offer for sale (OFS) by BSE listed companies. To apply for OFS with Fyers, you simply have to go to Fyers OFS portal and login to your Fyers trading account using login credentials. The platform displays all the ongoing OFS, click on the company you want to bid for. Click on “Apply Now” and enter details like quantity, price, DP ID, etc. and submit the order. Once order placed, it will be visible in the OFS Orders tab with order status as “In Process”.
Apply in Government issued Sovereign Gold Bond (SGB) with Fyers. Before apply, ensure to maintain sufficient balance in your Fyers trading account. Check out the process to invest in SGBS with Fyers;
Debt securities provides fixed income stream to investors at lower risk than equity investment. At the same time, it helps to diversify your portfolio and manage investment risk. At fyers, you can invest in Government securities (G-sec), T-bills, and State Development Loan (SDL).
The call & trade facility is provided by Fyers to facilitate effortless trading to the market over just a simple phone call. To place any trade order, customers can call at 080-66251111 and charges flat Rs. 20 per order fee for call & trade.
Thematic investment is all about investing in ideas that you expect to perform better in the future. Fyers thematic investment provides a platform to invest in a bunch of stocks from a particular theme or sector of your choice. There are several themes available like IT Major, Consumerism, All-Weather ETF, and others. The broker provides a free thematic investing platform at zero charges, however, on-sell, charges Rs. 100 or 0.02% whichever is lower.
Fyers 30 day challenge is a free trading product wherein if a trader stands in a profitable position for 30 trading days, then full brokerage will be refunded restricted to the maximum cap limit of Rs. 10,000. Earlier it was only applied for equity trading but later the brokerage firm has included commodity trading as well under the 30-day challenge.
School of Stocks is a free online stock market learning platform by Fyers Securities. It has various modules with in-depth chapter coverage to provide stock market education to people on various topics such as technical analysis, fundamental analysis, options trading, and many more. Fyers offers Lifetime Free & unlimited access to Fyers Schools of Stocks.
The Fyers margin calculator helps users to calculate the margins required before initiating the trade. The broker has a separate margin calculator for equity, equity futures, currency futures, MCX futures, Bracket order (BO), cover order (CO), and SPAN calculator.
As the name itself, the calculator helps to figure out the brokerage required for equity, futures & options, commodity, and currency. It provides complete details of brokerage, transaction charges, stamp duty charges, tax, and more.
