Fyers Review 2019

Rated 4/5 by Top Share Brokers Team
Fyers Securities Review

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    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.

Review Summary

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.

Fyers Key Highlights

  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.

Benefits

  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.
  4. Considerations

    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.

    Special Offer

    Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.

    Simply leave your contact information with us and Fyers representatives will contact you.

Request call back from Fyers

Fyers Investment Options Compare

Here we are comparing Fyers with its 5 close competitors on investment options.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

Fyers Brokerage Plans

Brokerage and Commission Rated 3.5/5

    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.

Fyers with closest competitors

Here we are comparing Fyers with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Fyers Brokerage Calculator


Fyers Securities Margin Details

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)

Open Trading and Demat Account 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:

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Fyers Trading Platform

Trading Platforms Rated 4/5

    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 Trading Platform Review.

Fyers Trading Platform Compare

Here we are comparing Fyers with its 5 close competitors on Trading Platform.

Broker Fyers Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

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 open an trading and demat account with Fyers, leave your contact information with us and we will guide you.

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Find out how Fyers stacks up against other brokers

Fyers Securities User Reviews

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14. Sathishkumar Apr 25, 2019 8:31:04 AM IST Reply
Here in available tamil language talk borker
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13. kumar Jan 24, 2019 7:17:58 PM IST Reply
wonderful

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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12. ghghgh Oct 20, 2018 2:22:14 PM IST Reply
Best Broker

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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11. sambhaji Sep 30, 2018 10:28:05 PM IST Reply
sir i need information about mcx crudoil margin normal and mis order in 1 mega and 1 mini lot. Thanks
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11.1. CA Sachin jain Oct 2, 2018 8:54:51 AM IST
As of now, fyers is not in commodity trading. So for commodity account, you need to open an account with Zerodha or Upstox.
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10. Rameshwar A. Shelke May 14, 2018 11:17:15 PM IST Reply
Now free brokerage For Equity Delivery & Thematic Investments.
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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
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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
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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
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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
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6.1. Adrian Kasanoi Apr 29, 2016 2:36:41 PM IST
Seems like a paid comment
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6.2. vinit patil Feb 23, 2017 6:05:10 PM IST
haha ur right...
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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.

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