Fyers Review - A Discount Share Broker India 2018


Last Updated - 2018-05-16

Rated 4/5 based on 92 customer reviews

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Overall

Fyers Securities is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing, advisory and recommendation services for smart investment.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Fyers?

  1. Free delivery trading and Max Rs 20 for all other segment.
  2. FYERS 30 Day Challenge.
  3. Robust tools and calculators to track your goals and estimate your future needs.
  4. The distinguishing feature of Fyers- "Thematic investing".
  5. Innovative and advance in-house trading platforms across web, terminal and mobile.
  6. Thematic Investing by Fyers Securities
  7. No hidden cost and subscription charges.
  8. Referral program and up to the mark customer support.
  9. Cover orders are now available with Fyers.
LikesLikes

  1. Investment in mutual funds and advice on investment.
  2. Fyers trading and demat account opening is free and no minimum balance is required to open the account.
  3. In house and unique portfolio investment for new entrants in market called thematic investing at Rs 100 per theme.
DislikesDislikes

  1. Trading can be done on NSE only.
  2. No own DP service,they have tie-up with IL&FS for demat services.
  3. Automated trading, bracket and cover orders are not available.
  4. DP charges on selling is higher compared to other discount brokers.

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Fyers Review - 2018

    Fyers Securities with web portal www.fyers.in is a revolutionary name in discount brokerage space founded in 2015 by young entrepreneurs. The broker is based in Bangalore and the member of NSE India and for demat, Fyers has partnership with IL&FS Securities Services Limited. With Fyers you can trade in Equity, F&O and Currency on NSE. The broker falls right in line amongst the low brokerage discount brokers in India as it offers brokerage of flat Rs 20 per executed order for trading in equity delivery, intraday, F&O and currency derivatives.

    Fyers has introduce a new way of investing in stocks called "thematic investing" where bunch of stocks are picked based on certain specific ideas called themes. The idea is to focus on investing in group of shares that suits your preference rather than investing in individual stocks. It is similar to mutual fund investment.

    As the broker is a new entrant in the market, we can expect nice and satisfactory customer service from them. The broker provides e-mail and phone support which is pretty much a standard with all the discount brokers. Fyers is leading in market by building a strong online knowledge-base, video tutorials & demo. They also have referral program where you can earn 10% of brokerage generated by the clients referred by you.

    Fyers Securities has most up to date technologies in the market that can give you a cutting edge for crisp and smooth trading. Their most powerful tools are Option Strategies Calculator, Discipline Diary: A probability algorithm which can help in money management planning, Brokerage Comparison Calculator, Brokerage Calculator, Fibonacci Calculator, Pivot Point Calculator and Referral Earning Calculator.

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Fyers with closest competitors
Broker Fyers Zerodha ICICIDirect Sharekhan ProStocks
Service Type Discount Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage Rs 20 Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No Yes
Rating
Please refer unique and accurate Fyers Brokerage Calculator

Fyers Brokerage Charges - 2018

    The Brokerage rates of Fyers Securities is competitive and simple. They offer Free delivery trades like Zerodha and Upstox and flat brokerage of Rs 20 per executed order across all the segments.

    Their brokerage charges for Equity Delivery is Free whichever is inline with Zerodha, Upstox and lower compare from SAMCO (Rs 20),Prostocks (Rs 15), 5paisa(Rs 10) and SAS Online (Rs 9).

    The brokerage for equity Intraday and equity future is flat Rs 20 is almost similar to Zerodha, SAMCO and Upstox and higher than Rs 15 of Trade Smart Online, Rs 10 of 5paisa and Rs 15 with Prostocks.

    Option trading can be done at brokerage rate of Rs 20 per executed order which is same as nearby brokers like Zerodha (Rs 20), Upstox (Rs 20).

    The brokerage for Currency Future is Rs 20.

    The brokerage for currency option is Rs 20.

    Call and trade - Rs 20 per executed order.

    Admin square off fee - Rs 20 per executed order.

    For complete brokerage charges and trading plans detail please visit Fyers Brokerage Charges.

    Latest information on Fyers account opening, Fyers account, Fyers brokerage charges, Fyers brokerage fees, Fyers account opening charges, Fyers account opening fee, Fyers brokerage plans, Fyers charges, Fyers fees, Fyers free account, Fyers new account opening, Fyers new account, Fyers nri account, Fyers open account, Fyers offer, Fyers registration, Fyers register, Fyers trading charges and Fyers account closure.

Fyers Brokerage Charges - Rs 20 Plan
Brokerage Plan Rs 20 Plan
Flat Fee
Equity Delivery Free
Equity Intraday 0.01% or Rs 20 whichever is lower
Equity Futures 0.01% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20
Currency Futures 0.01% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20
Commodity NA

Margin With Fyers Securities

Fyers margin/exposures/leverage for MIS orders(Intraday only)

  1. Fyers intraday Equity Margin - Fyers offers up to 3x to 16x depending on the script. Margins are provided only for intraday trading.
  2. Fyers exposure for Index and Stock Futures - Fyers offers 4x for futures trades.
  3. Fyers exposure for Options Seller - Fyers offers 4x.
  4. Fyers exposure for Options Buyers(CO on Nifty near months contracts) - Fyers offers 1.3x.
  5. Fyers exposure for Currency Futures - Fyers offers up to 50% of NRML margin.

Fyers margin/exposures/leverage for CO/BO orders

  1. Fyers exposure for intraday trading - Fyers offers up to 5x to 30x, this margin depends on your stop loss price. CO/BO orders are for Intraday only
  2. Fyers exposure for trading in futures - Fyers offers up to 8x to 40x, this margin depends on your stop loss price. CO/BO orders are for Intraday only

Fyers Exposures for CNC or NRML orders

  1. Fyers don't offer any margin for CNC(Cash n Carry) orders.
  2. Fyers margin for the F&O overnight position - as per exchange stipulated margins (SPAN + exposure)

Account Opening with Fyers Securities

For online trading with FYERS, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with FYERS:

  • Fill an online application form. Click here to fill the FYERS contact form.
  • Website: https://www.fyers.in
  • Contact Phone Number/helpline: 0804625-1111/9591-82-1111
  • Contact email: [email protected]
  • Registered Office:No. 19 & 20, 3rd Main, Gandhinagar, Bangalore - 560009

Contact Fyers

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Fyers Web, Mobile app and Desktop base trading platform - 2018

    Fyers supports the most advanced trading platforms for technical traders and fundamental investors and the platforms are geared to support algos, signal generation and lots more.

    Terminal Based Platform : Fyers One is the power pack downloadable trading software of Fyers Securities. The advance features of this trading terminal are technical indicators, charts for indices, technical screeners, end of the day reports etc.

    Web Based Platform: Fyers Web Trader is the robust web portal of Fyers for seamless, smooth and flexible trading from home or work.

    Mobile App Based Platform: Fyers Mobile is the smart phone app of Fyers Securities with all the basic features and it even works at very low band width.

    For detail review of mobile app and download please visit Fyers Mobile App.

    Information about Fyers app, Fyers app download,Fyers account login, Fyers back office, Fyers demat account login, Fyers desktop app, Fyers exe download, Fyers demo, Fyers mobile app download,Fyers mobile app review, Fyers official website, Fyers software download, Fyers trading platform, Fyers trading terminal, Fyers trading app and Fyers web trading login.


Fyers Product and Services

Fyers - 3 in 1 Accounthelp
No
Fyers - Multiple Plans help
No
Fyers - Monthly Plan help
No
Fyers - Yearly Plan help
No
Fyers - Portfolio help
No
Fyers - Charting help
Yes
Fyers - Automated Trading help
Yes
Fyers - AMO Order help
Yes
Fyers - Allow GTC Order help
Yes
Fyers - SMS Alerts help
No
Fyers - Margin Trade Funding help
No
Fyers - Combined Ledger for Equity and Commodityhelp
No
Fyers - NRI Trading help
No

Fyers Offering of Investments

Fyers - Equity Cash and F&O help
Yes
Fyers - Currency F&O help
Yes
Fyers - Commodity Trading help
No
Fyers - Mutual Funds help
Yes
Fyers - ETF help
Yes
Fyers - Online IPO help
No
Fyers - Bonds Investment help
No
Fyers - Debt Investment help
No
Fyers - Banking Service help
No
Fyers - Insurance Service help
No
Fyers - MF SIP Investment help
No

Fyers Trading Platforms & Tools

Fyers - Desktop Platform (Windows) help
Yes
Fyers - Desktop Platform (Mac) help
No
Fyers - Web Platform help
Yes
Fyers - Stock Alerts via Email help
No
Fyers - Stock Alerts via SMS help
No
Fyers - Virtual Trading help
No
Fyers - Watch-lists, streaming real-time quotes help
Yes
Fyers - Mobile App help
Yes
Fyers - Android Tablet App help
Yes
Fyers - Android App help
Yes
Fyers - iPhone App help
Yes
Fyers - iPad App help
Yes
Fyers - Mobile Trading Site help
No

Fyers Customer Service

Fyers - Phone Support help
Yes
Fyers - Toll Free Number help
No
Fyers - Email Support help
Yes
Fyers - Branch Offices help
No
Fyers - Live Chat help
No
Fyers - 24/7 Support help
No

Fyers Research and Market Reports

Fyers - Daily Market Report help
No
Fyers - Free Tips help
No
Fyers - Quarterly Results help
No
Fyers - New Alerts help
Yes
Fyers - Mutual Funds Research help
No
Fyers - Research Equity Reports help
No
Fyers - ETF Research help
No

Final thought about Fyers

The broker is new to the Stock Broking Industry but entered in the market with all the important tools and ideas to make investing a smooth and easy experience for its clients.

Fyers will mostly suited for people looking for some advice on investment, trading in IPOs and Mutual Funds along with Equity and Derivative Trading.

On and on a better Broker at a decent brokerage and services.

If you like what you have read and want to choose Fyers or any other broker, leave your contact information with us and we will guide you.


Fyers Securities User Reviews

avatar
10. Rameshwar A. Shelke  May 14, 2018 11:17:15 PM IST Reply
Now free brokerage For Equity Delivery & Thematic Investments.
avatar
9. Sanjay Nakrani  Aug 23, 2017 11:07:52 PM IST Reply
very good app for mobile and also web trading platform is very good ...

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
8. Ayush  Aug 12, 2017 8:25:42 AM IST Reply
Fyers Tading account was superb with much comprehensive tools but they are not updating there app and also charge excess in name DP charge and hidden cost charge over ₹980 for nothing fyers is trustworthy but there demat is not they deducted a hell lot of amount directly from my bank account on call they do not provide sufficient reply and did not understand the concern seriously

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
7. jawed  Apr 9, 2017 12:55:09 AM IST Reply
its wonderful experience

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
6. Rahul  Jan 19, 2016 8:35:05 AM IST Reply
I''m option trader, I searched online for many broker how are best but finally my found Fyers Securities with offering Rs..10 Lot and no words about customer support, its fantastic. Now I''m very happy :-)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
6.1. Adrian Kasanoi  Apr 29, 2016 2:36:41 PM IST
Seems like a paid comment
avatar
6.2. vinit patil  Feb 23, 2017 6:05:10 PM IST
haha ur right...
avatar
5. Vipin Krishnan  Aug 25, 2016 2:49:52 PM IST Reply
Worst experience for me.
Requested a payout 1 week before and still its not processed.
Nobody is there for customer support as well.
avatar
4. Joshua  May 4, 2016 1:38:14 PM IST Reply
I opened an account with Fyers recently. And to say the truth, I am pretty impressed and satisfied with their Services.
The Superior platforms that they provide turned out to be pretty useful.
I am able to do my technical Analysis in a much better manner using their Charts, Screeners etc.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
3. Bharat umar  May 3, 2016 10:43:31 PM IST Reply
Fyers provide new trading platform which is embedded with multiple tools. Initially I just checked them, but later they provided demo for me, pretty impressed with their desktop and mobile platform, I immediately opened account to own those products.

Brokerage and service are same as discount brokers, I didn''t felt much difference.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
avatar
2. Rajan S  Apr 4, 2016 4:53:57 AM IST Reply
Does Fyers provide any margin facility? If yes how much interest they charge?
avatar
2.1. Bharat  May 3, 2016 10:38:46 PM IST
Yes Fyers provide more margins for intraday. They also have hassle free bracket order and trailing stoploss
avatar
1. Praveen  Apr 3, 2016 2:09:41 PM IST Reply
Brilliant trading platforms!

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
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