Fyers Brokerage and Demat Account Review 2019

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

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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.

Our independent review of Fyers

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.

Why to choose Fyers as your stock broker?

  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.
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.

LikesWhat we like about Fyers

  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.
DislikesWhat we dislike about Fyers

  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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What are the Investments Options available with Fyers?

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

How is 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 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
Monthly Plans No No No No No
Rating

Please refer unique and accurate Fyers Brokerage Calculator

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Fyers Brokerage Plans Review - 2019

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.

Fyers Brokerage Charges - Max Rs 20 Per Order Trading Plan

Brokerage Plan Max Rs 20 Per Order Trading Plan
Flat Fee NA
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

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

What are the various Product and Services offered by Fyers?

Product & Services Rated 4/5
Fyers - 3 in 1 Account
No
Fyers - Multiple Plans
No
Fyers - Monthly Plan
No
Fyers - Yearly Plan
No
Fyers - Portfolio
No
Fyers - Charting
Yes
Fyers - Automated Trading
Yes
Fyers - AMO Order
Yes
Fyers - Allow GTC Order
Yes
Fyers - SMS Alerts
No
Fyers - Margin Trade Funding
No
Combined Ledger for Equity and Commodity
No
Fyers - NRI Trading
No

How much margin does Fyers Securities offers?

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)

How to 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:

Contact Fyers

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What are the Customer Support options availabel with Fyers?

Customer Support Rated 4/5
Fyers - Phone Support
Yes
Fyers - Toll Free Number
No
Fyers - Email Support
Yes
Fyers - Branch Offices
No
Fyers - Live Chat
No
Fyers - 24/7 Support
No

What are the trading platform offered by Fyers?

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.

What are the Trading Platforms & Tools Options available with Fyers?

Fyers - Desktop Platform (Windows)
Yes
Fyers - Desktop Platform (Mac)
No
Fyers - Web Platform
Yes
Fyers - Stock Alerts via Email
No
Fyers - Stock Alerts via SMS
No
Fyers - Virtual Trading
No
Fyers - Watch-lists, streaming real-time quotes
Yes
Fyers - Mobile App
Yes
Fyers - Android Tablet App
Yes
Fyers - Android App
Yes
Fyers - iPhone App
Yes
Fyers - iPad App
Yes
Fyers - Mobile Trading Site
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 open an trading and demat account with Fyers, leave your contact information with us and we will guide you.

Compare Fyers

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
avatar
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
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...
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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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