Rated 4/5 by Top Share Brokers Team
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NRI Form ⇒Incorporated in 2015, Fyers Securities acronym for Focus Your Energy & Reform the Self is one of the cheapest discount brokers in India. The Bangalore-based online discount broker is a member of BSE, NSE, and MCX offers online trading & investment in equity, futures & options, commodity, and currency segments. Fyers is a Depository participant with CDSL and facilitates a Free demat and trading account opening facility.
In terms of brokerage, Fyers offers free equity delivery trading and charges flat Rs. 20 per order across all segments. It further allows Free direct mutual funds investment at zero brokerage through Fyers Direct Platform. It also has an innovative product called “Fyers Thematic Investing” which is a bunch of several stocks of a particular theme or investing idea. Thematic investing with Fyers is completely free. The technology-focused discount brokerage firm offers all kinds of possible trading platforms such as Fyers mobile app, Fyers One trading software, and Fyers Web trading platform.
It also has a Fyers 30 Day Challenge reward program, wherein if you are in a profitable position at the end of 30 days period, then you will get a 100% brokerage refund during the particular period. The reward program is active for trading in stocks as well as commodity trading. Furthermore, refer & earn, call and trade, online customer support access across its trading platforms are the value-added services available with Fyers. On this page, we are providing you a complete Fyers Securities review including brokerage charges, account opening fee, margins, trading platforms, and more.
One of the lowest discount brokerages offering free delivery trading, zero brokerage direct mutual fund investment, and trade at flat Rs. 20/order in other segments.
Get FREE Equity Delivery Trading and trade at Flat Rs 20 per order in other segments.
Simply leave your contact information here and get a callback from Fyers Representative.
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 | Yes | Yes | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes | Yes | Yes |
| MF SIP | Yes | Yes | Yes | Yes | No |
| ETF Investment | Yes | Yes | Yes | Yes | Yes |
| Banking | No | No | No | No | No |
| Insurance | No | Yes | Yes | No | No |
Brokerage and Commission Rated 3.5/5
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: 1st year: Rs. 225, 2nd year onwards: Rs 300 PA
Fyers has a clear, simplified, and competitive brokerage model to trade at a flat brokerage of just Rs. 20 per order across all the segments. Its brokerage charges are in line with the other discount brokerage firms like Zerodha, Upstox, and 5paisa.
| Segment | Fyers Brokerage |
|---|---|
| Equity intraday | Rs. 20 per order or 0.03%, whichever is lower |
| Equity Delivery | Free |
| Equity futures | Rs. 20 per order or 0.03%, whichever is lower |
| Equity Options | Rs. 20 per order or 0.03%, whichever is lower |
| Currency futures | Rs. 20 per order or 0.03%, whichever is lower |
| Currency options | Rs. 20 per order |
| Commodity futures | Rs. 20 per order or 0.03%, whichever is lower |
| Commodity options | Rs. 20 per order |
| Direct Mutual Fund Investment | Free |
| Fyers Thematic Investment | Free |
Fyers Other charges
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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 20 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | Free | 0.5% or 50 paisa | Flat Fee Rs 20 | Free | 0.2% or Rs 20 whichever is lower |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Futures | 0.03% or Rs 20 whichever is lower | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Flat Rs 20 per order | 2.5% of Premium or Rs 250 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | 0.03% or Rs 20 whichever is lower | 0.1% or 10 paisa | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | 0.03% or Rs 20 whichever is lower | 0.1% or 10 paisa | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Currency Options | Flat Rs 20 per order | 2.5% of Premium or Rs 30 per lot whichever is high | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
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Please refer unique and accurate Fyers Brokerage Calculator
| Segment | Fyers Margin |
|---|---|
| Equity intraday | Upto 16x margin (varies upon stocks) |
| Equity Delivery | Up to 1x means no margin |
| Equity futures | Upto 4x leverage |
| Equity Options | Sell 4x, Buy 1X (without CO), Buy 1.3x (with CO) |
| Currency futures | Upto 2.5x margin |
| Currency options | Upto 2.5x margin |
Note: Margin exposure is not available on delivery trading and only available for intraday trading.
Residents can open a 2-in-1 account (Demat and trading account) with Fyers to trade across all segments; however, the discount brokerage firm doesn’t facilitate NRI trading services.
Opening a trading account with Fyers enables customers to trade or invest in multiple segments like equity, ETF, derivatives, commodity, and currency segment. The broker offers Free Fyers Trading Account at zero fees and its trading AMC charge is zero. Earlier, it was offering separate equity and commodity margin trading accounts, but now, you can open a Fyers Single Margin account to trade in equity and commodity as well.
In Oct 2019, Fyers got a CDSL DP license and started offering Fyers Demat Account opening services. Anyone who wants to trade with Fyers must open a trading cum demat account to secure all the securities purchased through a trading account in the demat account. People can open a free demat account with Fyers at zero account opening charges. Further, from 1st Dec 2020, its 1st year demat AMC charges will be nil, thus the chargeable fee for 1st year would be Rs. 225+ GST whereas from 2nd year onwards, Fyers demat AMC charge will be Rs. 300 + GST.
Note: Any client who has IL&FS demat account with Fyers, the services will be stopped with effect from 16th January 2021.
One can open a Free Fyers mutual fund account and start investing in direct mutual funds from 49+ AMCs. Fyers Direct is a platform for online mutual fund investment at zero brokerage charges or subscription fees.
Trading Platforms Rated 4/5
The technology-focused discount broker offers an in-house built trading platform including a web trading platform, Fyers mobile app, and Fyers one desktop trading software. Its trading platforms Fyers App and Fyers web are synced with each other and you can access both the platform at a single time.
Fyers has come with an all-in-one new, fast, and seamless mobile trading app in its brand name “Fyers App”. The mobile app comes with a host of innovative features like paperless account opening, awesome charting feature, long-term historical data, 65+ technical indicators, intuitive user interface, multiple customizable watchlists, and many more. Fyers mobile app can be downloaded on Android and iOS devices.
Fyers Markets is an ultra low bandwidth mobile app that comes with multiple features such as stock screeners, Heat Maps, real-time market feed, multiple watchlists, advanced technical indicators, 20+ years of EOD charts, 9+ months of intraday data, instant fund transfer, and others. Fyers Markets is an installable mobile app on the Google Play Store and the App Store.
Fyers One is one of the best trading platforms in India and offers cutting-edge technology benefits to frequent traders. Powerful charting with 10+ years of historical data, 60+ technical indicators, inbuilt technical screener, FnO analysis, world market data, and access to real-time exchange announcement are the key characteristics or benefits of Fyers One installable trading terminal.
Fyers web is a NextGen web trading platform that is accessible across many platforms such as desktop, laptop, mobile, and tablets. Advanced charting with 70+ indicators, various technical drawing tools, 20+ years of historical data, price ladder trading, Trade from the chart, and multiple chart settings are the key features of Fyers Web platform.
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 |
Rated 4/5 by 20 users
Fyers is one of the cheapest discount brokers offering free delivery trading and low brokerage of Rs. 20 per order across all segments. Thus, people who are looking for the lowest brokerage charges must open Fyers account. The brokerage house is providing the best in-house trading platforms like Fyers One, Fyers Web, and Fyers App are the key advantages of online trading with Fyers. Further, mutual fund investors can undertake free direct mutual fund investment through Fyers Direct Platform.
Last updated on: 2021-02-23
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Fyers
Execution speed far less than MT4/MT5.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Below Average
Customer Service - Average
Overall Experience - Average