Incorporated in 2015, Fyers Securities with web portal www.fyers.in is a revolutionary name in discount brokerage space. The broker is based in Bangalore and the member of NSE, BSE, and MCX. For Demat, Fyers has a partnership with IL&FS Securities Services Limited. 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 intraday, F&O, currency, and commodity. In 2018, the broker moves to free investment zone by offering free equity delivery trading.
Fyers has introduced a new way of investing in stocks called "thematic investing" where a bunch of stocks is picked based on certain specific ideas called themes. The idea is to focus on investing in a group of shares that suits your preference rather than investing in individual stocks. It is similar to mutual fund investment. Thematic Investment is also part of free trading.
As the broker is a new entrant in the market, we can expect nice and satisfactory customer service from them. The broker has done a really good job in the last 4 years in terms of customer support and provides features customer need for trading and investment. The broker provides e-mail and phone support and built a strong online blog and FAQs. They also have a referral program where you can earn 20% of the brokerage generated by the clients referred by you.
Thematic Investing >>Detail Review
Fyers (Focus Your Energy & Reform the Self) 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.
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.
Here we are comparing Fyers with its 5 close competitors on investment options.
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 400 PA
Fyers offer only one brokerage plan which is a flat brokerage of Rs 20 per executed order across all the segments. Equity delivery trading is free, the same as offered by Zerodha and Upstox. The brokerage for currency future, currency option and commodity is also Rs 20.
NRIs can trade in all segments at Rs 100 per executed order.
Fyers mainly offer 2-in-1 account and commodity trading account.
Fyers offers trading account to trade in equity cash, intraday, derivatives, and currency trading. Demat account is offered by IF&LS.
You can open only commodity trading account with Fyers.
At current, Fyers doesn’t offer Mutual Fund Account.
Fyers offer NRI trading account on discount brokerage price. A flat fee of Rs 100 per executed order for NRI customers in all segment. This is one of the lowest brokerage plans for NRI customers.
For complete brokerage charges and trading plans detail please visit Fyers Brokerage Charges.
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 | Rs 20 |
| 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
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:
Fyers has the most advanced and in-house built trading platforms across web, mobile, and software-based at no additional fee for technical traders and fundamental investors. The platforms are geared to support algos, signal generation and lots more.
Fyers One is the power pack downloadable trading software of Fyers Securities. The advanced features of this trading terminal are heatmaps, stock screeners, intraday scanners, support & resistance filters, real-time market-wide analytics and other key information like FII/DII data, RBI key rates, global markets performance, etc.
Web Trader (login.fyers.in) is the robust web portal of Fyers for seamless, smooth and flexible trading from home or work. The platform has advanced charts with 70+ indicators, 300+ interactive icons, and historical EOD data of 20+ years. Advance features like price ladder trading where clients can visualize price action before placing an order in intraday. The trading facility from charts, multi-charts setup, intuitive dashboard, and simple user interface.
Fyers Markets is the smartphone app of Fyers Securities with all the advanced features and it even works at very low bandwidth. The features include adding up to 25 scrips in the watchlist and can create up to 5 different watchlists. Screeners like resistance and support, high/low breakers, trending screeners, etc. are available.
For detail review of mobile app and download please visit Fyers Trading Platform Review.
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 |
The broker is new to the stockbroking 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 suit people looking for some advice on investment, investment in IPOs and Mutual Funds along with Equity and Derivative Trading.
On and on a better broker at a decent brokerage and services and definitely falls under the cheapest online stockbroker.
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.
Last updated on 2019-08-08
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent