Fyers Review 2022

You can add a secondary bank account at Fyers by filling out a secondary Bank Account Addition Form. After signing it, scanned copy of the form along with any bank proof among scanned copy of the cancelled cheque, self-attested latest 1-month bank statement or latest passbook statement need to be mailed to [email protected] Then, you will receive a unique ticket number on your respective mail through which you can track the progress online.

Download Change Bank Detail Form

Fyers Back Office provides users access to the contract notes, trade details, contract notes, and other information. If you have opened an account with Fyers then you can login to the back office through Fyers Web.

Steps to Login Fyers Back Office

• Go to Fyers website
• Tap on the "Sign In" option and click on the 'Account' tab.
• Enter client ID, password, and PAN number and press "Submit" option.
• Now, you have successfully logged into your Fyers account, on the top, Click on the "Accounts" to access Fyers back office.

Yes, Fyers offers cross currency trading facilities.

Yes, both the trading platforms Fyers App and Fyers Web are synchronized to each other henceforth, any order placed through Fyers mobile app will be shown on the Fyers Web platform or vice-versa.

In Nov 2020, Fyers Securities has introduced Fyers Single Margin Account, as the name itself, it is a one single account to trade across segments including equity, futures & options, and commodity segments with a single limit. Earlier, margins for the equity and commodity account were separate but now, single margin account allows single limit for trading in all segments.

Clients can add or transfer money to his Fyers Trading Account using following ways:

1. Zero cost UPI-based fund transfer process.
2. Add funds to your trading account through net-banking.
3. NEFT/RTGS based fund transfer process.

Likewise many brokers such as Zerodha, Paytm Money, etc. Fyers Securities facilitates UPI-based fund transfer process at zero charges through Fyers mobile app and Fyers web platform. To transfer funds through UPI, make sure your UPI ID is mapped with the linked bank account.

Steps to add funds to Fyers Trading Account through UPI:

• Log in to your account on Fyers Market app and Fyers web.
• Tap on the “Fund Transfer” option.
• Click on the “Add Funds” option and select “UPI” payment mode.
• Now, enter the amount, UPI ID and click on the “Continue” option.
• Accept the fund collection or fund transfer request sent to the UPI App.
• Once accepted, a confirmation message of “Fund Transfer Payment done successfully” will be shown to you.

Customers can withdraw funds from their Fyers Trading account across all the trading platforms like Fyers Web, Fyers Markets, and Fyers One platform.

Steps to withdraw funds from Fyers Trading Account

• Login to your Fyers Trading Account.
• Click on the “Fund Transfer” Menu and press on “Pay-out” option.
• Enter the amount, you want to withdraw.
• Finally, press the “submit” button to place the fund withdrawal request.

Fyers Securities Ltd offers online trading and investment in equity, futures & options, commodity, currency, and direct mutual funds. Here are the steps to start online trading with Fyers:

• Open Fyers demat and trading account through Fyers app or Fyers Web.
• Login to your trading account on any of the Fyers trading platform.
• Add your favorite stocks to the watchlist and start placing online orders as per your wish.

Fyers Margin orders, as the name itself, are the orders placed through using margin facility offered by the broker. The discount brokerage firm offers margin facility on equity intraday and futures & options (F&O) trading. The margin order provides the freedom to customers to get rid-off the requirement of paying full amount as they can pay a small percentage and rest amount will be paid by the broker, that customers have to repay later.

Beginner-level traders look for the lowest trading charges therefore, Fyers is the best broker for beginners who provides cheapest brokerage model. The discount offers free delivery trading and trading at flat Rs. 20 per order brokerage across segments. Further, it offers fast, seamless, and easy to use online trading platforms like Fyers Markets, Fyers App, Fyers One, and Fyers Web. Apart from this, mutual fund investors can undertake free direct mutual fund investment on the Fyers Direct platform.

You can convert intraday open positions to CNC means delivery trading in Fyers. Here is the process to convert intraday to CNC through Fyers:

1. Login to your Fyers account.
2. Click on the "Positions" tab.
3. Now, click on the "convert" option respective to the trade that you want to convert to delivery.
4. A pop-up will appear to convert your positions, submit the order.
5. Now, you have successfully converted your positions to delivery.

Fyers facilitates bracket order placement on all of its trading platforms like Fyers Web, Fyers One, and Fyers Markets. Here are the steps to place bracket order on Fyers:

1. Login to the Fyers App.
2. Add the scrip to the Fyers watchlist.
3. Go to the order entry window.
4. Select the “BO” (Bracket Order) option under the product type and mention stop Loss and target price.
5. Now, press the “Submit” option to successfully place the bracket order on Fyers.

Fyers being a discount broker does not offer its own research services, but in July 2020, the broker made a tie-up with MarketSmith India - globally recognized research company to provide high quality research reports to investors. MarketSmith India is a one-stop-shop to get stock recommendations, stock fundamental and technical research reports, proprietary ratings and rankings, and others.

Fyers through collaboration with MarketSmith India, a research company offers research report to customers. The organization, MraketSmith India with 60+ years of existence in the market offers various types of research reports such as Special reports, Pre-Market Commentaries, Daily and Weekly Big Picture, learning articles, and Model Book (Top Stocks Book).

No, Fyers doesn’t offer free MarketSmith India research reports. Fyers customers can subscribe to the research reports by paying a chargeable subscription fee of Rs. 5000 + GST for year or Rs. 2,000 + GST for quarterly plan.

No, Fyers as a discount broker offers only one plan - The flat Rs 20 plan. The company doesn’t offer any other plan like an unlimited trading plan to fix the monthly plan.

For an unlimited trading plan – Please contact Prostocks which offers a Rs 899 trading plan for Equity Segment.

For traders and investors Fyers offer all 3 trading platforms – Mobile App, Web and Downloadable EXE. Fyers App, FYERS Web and FYERS One (Fyers Terminal) are the in-house developed trading platform by Fyers.

FYERS Direct is online mutual fund investment platform for direct mutual fund investing.

Fyers still offers a desktop platform where Zerodha and Upstox has phased out the desktop platform. Fyers offers all its platform Free of cost for its clients.

Square off is the end of the day process where RMS team closes all open Intraday positions. Generally this process starts from 3:15 PM (15 minute before market close).

Traders can close their Intraday position before 3:15 pm. After that Fyers RMS team will close the position and charge Rs 50 + GST. To avoid such scenario, one need to close all Intraday positions before 3:15 pm.

Position closed by RMS team is usually considered as Call and Trade. A broker charges same fee, which is Rs 50 + GST per order.

For online brokers, customer support is the most important part. Fyers has kept all its support options open for customer. Clients can reach support team via email, phone or use online support portal for quick query resolution.

• Fyers Online Support Portal
• Fyers Support Email:[email protected]
• Fyers Support Number:080–6625-1111/080-4625-1111

Best way to find answers of your queries are Fyers Support Portal. They have classified support under different categories with a detail article on each topic. In case you need second level support then Fyers Support Email is the second best choice. The last option is Fyers Phone support, available on working days between 9 to 11:55 pm and Saturday till 5 pm.

Yes, Fyers give you a facility to close your account online. Usually, no broker wants to let go of their customer. But when you made up your mind to exit the broker, Fyers has given you the option to submit an online application to close your account.

Steps to close your account online with Fyers:
• Visit My Account Portal
• Go to the account details section
• Click on Close Account
• Upload your signature and validate OTP
• After your request, Fyers team will take up to 7 days to close your account and confirm with you over email

After Zerodha, Fyers is the second broker who is taking account closure requests online.

For Traders and Investors, Fyers is offering a full range of Order Types. Market, Limit, Stop Loss Market, Stop Loss Limit, After Market Order (AMO), Cover Order, Bracket Orders.

Due to some limitations, CO and BO are not available for all product types.

Missing Order Type: With close competitors Zerodha and Upstox, Fyers is missing GTD or GTC Order type. This is a must requirement for Investors.

One more thing that all discount brokers are missing is Equity SIP. Similar to Mutual Funds SIP, Equity SIP is also a required feature for investors.

Fyers Instant Account

Fyers current focus is the domestic market and not opening demat and trading account for NRI/NRO clients. Prostocks, one of the fastest-growing discount broker has a dedicated team to help NRI/NRO demat and trading accounts.

Fyers Direct is the same as Zerodha Coin, where Mutual Fund Investors can buy commission-free direct mutual funds online or start SIP with direct mutual funds.

No need to pay any hidden charges or commissions to the broker for your Mutual Funds investment.

Fyers Instant Account

Fyers allow user to apply in IPO online with the UPI based transaction. As per current limit of UPI, users can apply up to Rs 2 lacks application with a FYERS IPO Application.

For FYERS user, Appling in IPO is now very simple and hassle free process. You need to select the IPO, number of shares, price on which you wish to apply IPO and UPI ID. After that you need to approve UPI mandate to block your bid amount.

The biggest advantage of FYERS Online IPO Application process is, you can apply in IPO any time of the day. For users process is open 24x7 between IPO open and close window. Fyers internal application will take care the application submission process.

Fyers Instant Account